Civic Intelligence

Interconnection

990 • Fiscal year 2022 • EIN 93-1262843

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 11, 2023

3415 Stone Way NSeattle, WA 98103

(206) 310-4547

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.43x

Higher debt load relative to assets than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

48th percentile

0.07x

Higher debt load relative to revenue than 48% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$112,664

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

2nd percentile

-49%

Faster asset growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-34%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$433,806

Down $415,282 (-49%) from 2021

Net Assets

Down

$246,073

Down $420,657 (-63%) from 2021

Liabilities

Up

$187,733

Up $5,375 (+2.9%) from 2021

Revenue

Down

$2,580,516

Down $1,314,748 (-34%) from 2021

Expenses

Down

$3,001,173

Down $422,450 (-12%) from 2021

Net Income

Down

-$420,657

Down $892,298 (-189%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $221,085Liabilities 2011: $11,050Net Assets 2011: $210,0352011Assets 2012: $291,624Liabilities 2012: $24,726Net Assets 2012: $266,8982012Assets 2013: $464,144Liabilities 2013: $18,666Net Assets 2013: $445,4782013Assets 2014: $560,064Liabilities 2014: $29,728Net Assets 2014: $530,3362014Assets 2015: $559,089Liabilities 2015: $27,407Net Assets 2015: $531,6822015Assets 2016: $676,970Liabilities 2016: $27,282Net Assets 2016: $649,6882016Assets 2017: $389,513Liabilities 2017: $38,954Net Assets 2017: $350,5592017Assets 2018: $487,871Liabilities 2018: $18,554Net Assets 2018: $469,3172018Assets 2019: $380,674Liabilities 2019: $25,466Net Assets 2019: $355,2082019Assets 2020: $641,926Liabilities 2020: $446,837Net Assets 2020: $195,0892020Assets 2021: $849,088Liabilities 2021: $182,358Net Assets 2021: $666,7302021Assets 2022: $433,806Liabilities 2022: $187,733Net Assets 2022: $246,0732022Assets 2023: $354,056Liabilities 2023: $164,862Net Assets 2023: $189,1942023Assets 2024: $159,383Liabilities 2024: $159,930Net Assets 2024: -$5472024

Highlighted filing

2022

Assets$433,806
Liabilities$187,733
Net Assets$246,073

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,030,8262011Revenue 2012: $1,342,926Expenses 2012: $1,286,062Net Income 2012: $56,8642012Revenue 2013: $1,790,700Expenses 2013: $1,612,120Net Income 2013: $178,5802013Revenue 2014: $2,670,969Expenses 2014: $2,586,111Net Income 2014: $84,8582014Revenue 2015: $3,340,995Expenses 2015: $3,339,648Net Income 2015: $1,3472015Revenue 2016: $3,992,502Expenses 2016: $3,874,497Net Income 2016: $118,0052016Revenue 2017: $4,416,203Expenses 2017: $4,715,332Net Income 2017: -$299,1292017Revenue 2018: $3,958,740Expenses 2018: $3,839,983Net Income 2018: $118,7572018Revenue 2019: $3,993,568Expenses 2019: $4,107,676Net Income 2019: -$114,1082019Revenue 2020: $3,619,303Expenses 2020: $3,779,422Net Income 2020: -$160,1192020Revenue 2021: $3,895,264Expenses 2021: $3,423,623Net Income 2021: $471,6412021Revenue 2022: $2,580,516Expenses 2022: $3,001,173Net Income 2022: -$420,6572022Revenue 2023: $2,626,392Expenses 2023: $2,683,271Net Income 2023: -$56,8792023Revenue 2024: $2,437,095Expenses 2024: $2,626,836Net Income 2024: -$189,7412024

Highlighted filing

2022

Revenue$2,580,516
Expenses$3,001,173
Net Income-$420,657
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 11, 2023
Return Version
2022v5.0
Gross Receipts
$2,580,516
Mission and Program Overview

Mission

Promoting community welfare,

InterConnection enables digital equity by providing affordable technology and connectivity to underserved communities through sustainable e-waste recycling, refurbishment, and re-use.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$666,730$246,073▼ $420,657
Savings and Temporary Cash Investments$330,521$237,639▼ $92,882
Cash and Non-Interest-Bearing Accounts$456,283$139,302▼ $316,981
Land, Buildings, and Equipment, Net$52,683$47,656▼ $5,027
Prepaid Expenses and Deferred Charges$9,601$9,209▼ $392
Total Assets$849,088$433,806▼ $415,282
Liabilities
Unsecured Notes Loans Payable$150,000$150,000→ $0
Accounts Payable and Accrued Expenses$32,358$37,733▲ $5,375
Deferred Revenue$0--
Total Liabilities$182,358$187,733▲ $5,375
Net Assets / Fund Balance
Total Net Assets Fund Balance$666,730$246,073▼ $420,657
Total Liabilities and Net Assets / Fund Balance$849,088$433,806▼ $415,282

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,983$97,628-
Leasehold Improvements$29,673$6,798-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ben PetersInterim Executive DirectorFT$112,664-$112,664
Cheryl Fry RoeFormer Executive DirectorFT$41,567-$41,567
Cheryl Fry Roe--$19,900$21,667$41,567

Board Members and Trustees

NameTitle
Suman ParanjapeChairwoman
Angela BandlowBoard Member
Linda VenczelBoard Member
Martin MorenoBoard Member
Sajani AmarasiriBoard Member
Greg DeversSecretary
Robert PetersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,722
Program Service Revenue
$2,398,811
Investment Income
$11,118
Other Revenue
$3,865
All Other Contributions
$166,722
Change in Net Assets
$-420,657

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$46,795Fair Market Value
Total Noncash Contributions1$46,795-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,573,593
Salaries, Compensation, and Employee Benefits$1,427,580
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$853,421$174,797$0$1,028,218
Occupancy$237,551$48,655$0$286,206
Current Officers, Directors, Trustees, and Key Employees$128,191$26,256$0$154,447
Payroll Taxes$105,646$21,638$0$127,284
Other Employee Benefits$97,634$19,997$0$117,631
Advertising$79,545$16,292$0$95,837
Fees for Services Other$74,485$15,256$0$89,741
All Other Expenses$44,161$9,044$0$53,205
Fees for Services Accounting$34,811$7,130$0$41,941
Other Expenses$24,868$5,093$0$29,961
Insurance$24,820$5,084$0$29,904
Office Expenses$10,060$2,061$0$12,121
Information Technology$9,689$1,984$0$11,673
Depreciation Depletion$4,172$855$0$5,027
Interest$3,356$687$0$4,043
Travel$1,587$325$0$1,912
Conferences and Meetings$434$89$0$523
Total Functional Expenses$2,636,848$364,325$0$3,001,173
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Interconnection
EIN
93-1262843
Phone
2063104547
Address
3415 Stone Way N, SEATTLE, WA 98103

Signing Officer

Name
Julie Morris
Title
Executive Director
Phone
2063104547
Signed
2023-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Morris
Formed
1999
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
36
Volunteers
3

Preparer

Firm
Accounting & Management Service
Address
4010 Stone Way N Suite 400, Seattle, WA 98103
Preparer
David Rinn
Phone
2062850883
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 Review Process: A copy of the Form 990 tax return is reviewed by the Board of Directors at a scheduled meeting before it is filed.

Pt VI, Line 15A

Compensation Review & Approval Process CEO, Top Management: Compensation of the Executive Director is reviewed and approved by the Board of Directors.

Pt VI, Line 15B

Compensation Review and Approval Process for Officers and Key Employees: A review of available compensation data is made as each staff member is considered for compensation adjustments.

Pt VI, Line 19

Other Organization Documents Publicly Available: Governing documents and financial statements are available to the public upon request.

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IRS990/OtherExpensesGrp/FundraisingAmt30
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IRS990/OtherExpensesGrp/TotalAmt150652
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IRS990/PrincipalOfficerNm0Julie Morris
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IRS990/ProgramServiceRevenueGrp/BusinessCd1541519
IRS990/ProgramServiceRevenueGrp/Desc0Computer Recycling
IRS990/ProgramServiceRevenueGrp/Desc1Computer Sales Other
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12224816
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0Responsible recycling of electronics waste. InterConnection partners with RIOS and R2 certified electronics recycler to responsibly recycle electronics that are at the end of their useful life. InterConnection is also a key participant in Washington State's E-Cycle Program, providing a drop-off point for community members to recycle broken, obsolete, or worn-out electronics. We also partnered with local organizations, governments, entities, and companies to recycle and refurbish their old technology. As a result of these efforts, InterConnection was able to divert nearly 730,000 lbs. from landfills in 2022 and prevent toxins, rare earth metals, and plastics from entering the ecosystem.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0184579
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
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IRS990/PYTotalExpensesAmt03423623
IRS990/PYTotalRevenueAmt03895264
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02224816
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0666730
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0330521
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0303464
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0143402
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt041245
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01311958
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0118
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0156
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0588
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02413676
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03237983
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03305363
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03848062
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03917412
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0118
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0156
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt082
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IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03958657
IRS990ScheduleA/Total509Grp/TotalAmt018034454
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt018035874
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt017983
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097628
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0115611
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt029673
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06798
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt036471
IRS990ScheduleD/TotalBookValueLandBuildingsAmt047656
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.16$0.16$0.00$2.44$2.63$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.35$0.16$0.19$2.63$2.68$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.19$0.25$2.58$3.00$0.42
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.18$0.67$3.90$3.42$0.47
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.45$0.20$3.62$3.78$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.03$0.36$3.99$4.11$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.02$0.47$3.96$3.84$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.04$0.35$4.42$4.72$0.30
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.03$0.65$3.99$3.87$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.03$0.53$3.34$3.34$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.03$0.53$2.67$2.59$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.45$1.79$1.61$0.18
2012Summary only. Only limited summary data is available for this year.$0.29$0.02$0.27$1.34$1.29$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.01$0.21$1.03