Civic Intelligence

First Tech Fund Inc.

990EZ • Fiscal year 2022 • EIN 85-1137904

May 01, 2021 to Apr 30, 2022 • Filed on May 30, 2022

299 Van Buren StreetBrooklyn, NY 11221

(631) 361-1026

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.27x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.23x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Net Margin

85th percentile

44%

Higher net margin than 85% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Top Officer Pay

91st percentile

$50,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 27.5% of source-year revenue.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Asset Growth

97th percentile

295%

Faster asset growth than 97% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

284%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$155,513

Up $116,138 (+295%) from 2021

Net Assets

Up

$113,663

Up $79,288 (+231%) from 2021

Liabilities

Up

$41,850

Up $36,850 (+737%) from 2021

Revenue

Up

$181,667

Up $134,303 (+284%) from 2021

Expenses

Up

$102,379

Up $89,390 (+688%) from 2021

Net Income

Up

$79,288

Up $44,913 (+131%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2021: $39,375Liabilities 2021: $5,000Net Assets 2021: $34,3752021Assets 2022: $155,513Liabilities 2022: $41,850Net Assets 2022: $113,6632022Assets 2023: $239,803Liabilities 2023: $4,210Net Assets 2023: $235,5932023Assets 2024: $387,064Liabilities 2024: $11,976Net Assets 2024: $375,0882024Assets 2025: $189,588Liabilities 2025: $8,172Net Assets 2025: $181,4162025

Highlighted filing

2022

Assets$155,513
Liabilities$41,850
Net Assets$113,663

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $47,364Expenses 2021: $12,989Net Income 2021: $34,3752021Revenue 2022: $181,667Expenses 2022: $102,379Net Income 2022: $79,2882022Revenue 2023: $303,712Expenses 2023: $181,782Net Income 2023: $121,9302023Revenue 2024: $570,863Expenses 2024: $431,368Net Income 2024: $139,4952024Revenue 2025: $268,303Expenses 2025: $461,975Net Income 2025: -$193,6722025

Highlighted filing

2022

Revenue$181,667
Expenses$102,379
Net Income$79,288
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
May 30, 2022
Return Version
2021v4.1
Gross Receipts
$181,667
Mission and Program Overview

Mission

First Tech Fund is dedicated to closing the digital divide by providing low income and underserved communities in New York City with technology, practical skills and opportunities to succeed in 21st century careers.

Program Services

DescriptionGrantsExpenses
We provide a free talent accelerator fellowship program that provides technology and broadband access, mentorship, digital skills training, and insight into career pathways; showing low-income high school students the opportunities that exist and guiding them on how to attain them, equalizing the academic and professional playing fields.$34,626$78,404
In 2021, we ran a summer photography program (FOTO) a seven week introductory course.that provided NYC high school students with fundamental photography skills,insight into career pathways, and constructive art criticism strategies.$2,926$4,226
Community Partner Program: We piloted a partnership program providing students in need of technology laptops through community partners.$2,000$2,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Josue De PazPresidentFT$50,000-$50,000
Hana SeligmanSecretaryPT$0--
Alicia Baksh-OusmanTreasurer-$0--
Jerome J SandersBoard Chair-$0--
Nakia Alston-HendricksonDirector-$0--
Rodney Cruz PizarroDirector-$0--
Nicole Chin-LynDirector-$0--
Howard SeligmanDirector-$0--
Jamal AdamsDirector-$0--
Filing and Contact Details

Filer

Filer Name
First Tech Fund Inc
EIN
85-1137904
Phone
6313611026
Address
299 Van Buren Street, Brooklyn, NY 11221

Signing Officer

Name
Howard F Seligman
Title
Treasurer
Phone
6313611026
Signed
2022-05-30

Preparer

Firm
Howard F Seligman
Address
221 W 37TH ST FL 6, NEW YORK, NY 10018
Preparer
Howard Seligman
Phone
2126432036
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

To provide students with internet access and computer technology; Computers; : , , , ; , Computers/Accessories 21965.

Form 990EZ, Part I, Line 10

Internet Access via Mobile Hot Spot; Internet; : , , , ; , WiFi Hot Spots 11617.

Form 990EZ, Part I, Line 10

Photography Program; Education; : , , , ; , Cameras/Accessories 2926.

Form 990EZ, Part I, Line 10

College Admissions Assistance; Publications; : , , , ; , Books 2160.

Form 990EZ, Part I, Line 10

Gifts to Students / Participants; Merchandise; : , , , ; , Clothing, Bags 884.

Form 990EZ, Part I, Line 16

Promotional Materials 715.

Form 990EZ, Part I, Line 16

Meetings/Development 536.

Form 990EZ, Part I, Line 16

Permits/Wire Fees 56.

Form 990EZ, Part II, Line 24

Computers 2000. 43850.

Form 990EZ, Part II, Line 26

Deferred Revenue (Prepaid Grants) 5000. 0.

Form 990EZ, Part II, Line 26

Deferred In Kind Donations (shown in Sch B) 0. 41850.

Raw XML Appendix220 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To provide students with internet access and computer technology; Computers; : , , , ; , Computers/Accessories 21965.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Internet Access via Mobile Hot Spot; Internet; : , , , ; , WiFi Hot Spots 11617.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Photography Program; Education; : , , , ; , Cameras/Accessories 2926.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3College Admissions Assistance; Publications; : , , , ; , Books 2160.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Gifts to Students / Participants; Merchandise; : , , , ; , Clothing, Bags 884.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Promotional Materials 715.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Meetings/Development 536.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Permits/Wire Fees 56.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Computers 2000. 43850.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Deferred Revenue (Prepaid Grants) 5000. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Deferred In Kind Donations (shown in Sch B) 0. 41850.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Howard F Seligman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06313611026
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-30
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ReturnHeader/Filer/PhoneNum06313611026
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0221 W 37TH ST FL 6
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum02126432036
ReturnHeader/PreparerPersonGrp/PreparationDt02022-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Howard Seligman
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-07-14T06:30:29-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Howard
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Seligman
ReturnHeader/TaxPeriodBeginDt02021-05-01
ReturnHeader/TaxPeriodEndDt02022-04-30
ReturnHeader/TaxYr02021

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