Endless Network INC FY2024 filing

EIN 37-1967864 Unknown exempt organization Westport, CT
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Revenue & expenses by yearFY2021–FY2025
Revenue
$3.7M
FY2024▲ +11%
Expenses
$4.0M
FY2024▲ +8%

Form 990 for the fiscal year ending March 2024 (IRS tax year 2023).


Democratizes technology access, promoting coding and education for underserved global populations. For fiscal year 2024 it reported $3.7M in revenue, $4.0M in expenses, and $259K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Westport, CT
Website
www.endlessos.org
Filings
5 on file (2021–2024)
Revenue
$3.7MFY2024
Expenses
$4.0M
Net assets
$259K
People
9
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Provided by the organization

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Size
$1–10M
What they do
Democratizes technology access, promoting coding and education for underserved global populations.
Leadership
Mauricio Arevalo · Chief Commercial Officer · $203K
Money in and out
$3.7M revenue, $4.0M expenses
Bottom line
-6% surplus margin

What Funders Ask

From IRS filings

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Spent on programs?

good 80% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$1–10M

↑ +11% vs prior year Details →

Not in filings yet: tax-deductible · foundation funders

Reported financial activity · FY2024
Total revenue
$3.7M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$259K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$224K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Surplus margin
-6%
revenue over expenses, this year
Program spending
80%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.1M
FY2024▼ -56%
Total liabilities
$825K
FY2024▼ -58%
Revenue less expensesPt I · Ln 19−$224K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CEndless Network INC
EINHdr · item D37-1967864
Principal addressHdr · item CWestport, CT
WebsiteHdr · item Jwww.endlessos.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Commercial Officer
$202,838Pt VII · Sec A
Senior Software Engineer
$178,381Pt VII · Sec A
Director of Finance
$154,547Pt VII · Sec A
Senior Software Engineer
$153,093Pt VII · Sec A
Vice President of Programs
$135,372Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Treasurer & Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mauricio Arevalo$252,780$202,838———
Robert McQueen————$235,321
Daniel Nicholson$185,495$178,381$170,124$155,926$112,239
Ivanna Cole$154,574$154,547$146,228——
Joao Paulo Rechi Vita—$153,093$138,561$128,350—
Olubunmi Esho—$135,372$140,867$120,063—
Cassidy James Blaede$138,571————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $2.2M of program spending, described in the organization's own filed words · FY2023.
01

Endless Laptop

Making personal computer ownership accessible for underserved students and young adults in support of their education and skills development within the us and worldwide by providing laptops under a subsidized, affordable lease-to-own financing plan to those not usually eligible for financing.

$878Kprogram expense
02

Endless Key

Providing learning and discovery resources for offline students in the us through the production and distribution of usb drives for students attending title 1 schools and underserved children in emerging markets.

$831Kprogram expense
03

Gnome Desktop

Investing in the usability and affordability of desktop computing for underprivileged audiences.

$498Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$3.7M · 99%
Investment income$73K · 2%
Contributions & grants99%$3.7M
Investment income2%$73K
Program service revenue$9K
Total revenueLn 12$3.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$3.2M
Management & general20%$806K
Total functional expensesLn 25$4.0M

Balance Sheet

Part X · end of year
CashLn 1$746K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$825K
Total net assetsLn 32$259K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $746K · Operating expenses/yr $4.0M
2.3 months
Where the money goes
Program services
Program services $3.2M · Total expenses $4.0M
80%
Management & General
Management & general $806K · Total expenses $4.0M
20%
Fundraising
Fundraising $0 · Total expenses $4.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $3.6M
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.7M · Total revenue $3.7M
99%
Government reliance
Government grants — · Total revenue $3.7M
—
Earned-income share
Program service revenue $9K · Total revenue $3.7M
0.2%
Investment reliance
Investment income $73K · Total revenue $3.7M
+2%
Program self-sufficiency
Program service revenue $9K · Total expenses $4.0M
0.2%
Growth & trend
Revenue growth (YoY)
This year $3.7M · Prior year $3.4M
+11%
Net-asset trend (YoY)
End of year $259K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.7M · Expenses $4.0M
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $259K · Total assets $1.1M
24%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mauricio Arevalo · Reported title CHIEF COMMERCIAL OFFICER · Highest reported compensation $203K · Total expenses $4.0M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.6M · Total expenses $4.0M
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 20%——
Fundraising cost ratio 0%——
Revenue growth 11%——
Legal fee ratio 0.01%——
Accounting fee ratio 0.6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$4.8M revenue · ⤓ 990 PDF
FY2024$3.7M revenue · viewing · ⤓ 990 PDF
FY2023$3.4M revenue · ⤓ 990 PDF
FY2022$3.8M revenue · ⤓ 990 PDF
FY2021$4.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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