Information Technology Exchange FY2022 filing

Tax-deductible

Searsport, ME501(c)(3)Foundations & GrantmakersEIN 55-0788650

The mission is to increase technology access and literacy for individuals, families, and non-profit organizations.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$231K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $189K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$231K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$560K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+14% vs prior year
Spent
$1.5M
To programs
100%
Net assets
$874K
By yearFY2020–FY2024
Revenue
$1.5M
FY2022▲ +14%
Revenue by fiscal year
FY2020$985K
FY2021$1.3M
FY2022$1.5M
FY2023$1.5M
FY2024$2.4M
Expenses
$1.5M
FY2022▲ +41%
Expenses by fiscal year
FY2020$775K
FY2021$1.0M
FY2022$1.5M
FY2023$1.5M
FY2024$2.0M
Net assets
$874K
FY2022▲ +4%
Net assets by fiscal year
FY2020$568K
FY2021$843K
FY2022$874K
FY2023$911K
FY2024$1.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990; $231K paid to officers and key staff.

Part VII, Section A · reportable compensation
Co-Executive Director
$115,647Pt VII · Sec A
Co-Executive Director
$115,274Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A

Jodi Martin’s $99K as Co-Executive Director is at the 29th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jodi Martin$99,071$83,945$115,647$89,501—
Christopher Martin$98,633$83,513$115,274$89,099—
Jodi Martin————$81,029
Christopher Martin————$80,619
Dorothy Fraser————$20,664

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides technology access and literacy training to individuals, families, and nonprofits.

Provided by the organization

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3 program services account for $1.5M of program spending, described in the organization's own filed words · FY2022.
01

Give IT

Collect and process retired technology for reuse to support non-profit organizations and disadvantaged individuals and families who need technology access (Get IT supply).

$620Kprogram expense
02

Sales of reusable donated technology to the public. These funds are then used to keep mission participation fees as low as possible.

$497Kprogram expense
03

Get IT

The provision of computers and computer training to low income individuals and non-profit organizations at below market prices. Provide training and support for achieve important personal, educational and employment goals.

$359Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$20K
Grants paid · 1 grant · $15K · 2021–2021
Unitemized GrantFY2021$14,636

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Other incomeLn 4–11$863K
Fees for servicesLn 2g$644K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$874K
net assets · Ln 32
Cash and savingsLn 1–2$678K
Total assetsLn 16$1.4M
LiabilitiesLn 26$560K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$644K
Other incomeLn 4–11$863K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$228K
SavingsLn 2$450K
Cash and savings togetherLn 1–2$678K
Land, buildings, equipmentLn 10c$672K
Total assetsLn 16$1.4M
LiabilitiesLn 26$560K
Net assetsLn 32$874K
OperationsPt I, VI
EmployeesI 521
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$687K$678K
Land, buildings, equipmentLn 10c$668K$672K
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$596K$560K
Net assetsLn 32$843K$874K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19K$19K
Pay of current officers, directors and key staffLn 5$231K$231K$0$0
Other salaries and wagesLn 7$563K$563K$0$0
Other employee benefitsLn 9$16K$16K$0$0
Payroll taxesLn 10$69K$69K$0$0
Legal feesLn 11b$120$120$0$0
Accounting feesLn 11c$5K$5K$0$0
Other fees for servicesLn 11g$132K$132K$0$0
Advertising and promotionLn 12$55K$55K$0$0
Office expensesLn 13$5K$5K$0$0
OccupancyLn 16$28K$28K$0$0
TravelLn 17$2K$2K$0$0
Conferences, conventions and meetingsLn 19$3K$3K$0$0
InterestLn 20$20K$20K$0$0
Depreciation, depletion and amortizationLn 22$42K$42K$0$0
InsuranceLn 23$21K$21K$0$0
Other expenses (24a–d)Ln 24$114K$114K$0$0
All other expensesLn 24e$151K$151K$0$0
Total functional expensesLn 25$1.5M$1.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$2.0M$392K$1.3M 990 PDF
FY2023 $1.5M$1.5M$38K$911K 990 PDF
FY2022 Viewing $1.5M$1.5M$31K$874K 990 PDF
FY2021 $1.3M$1.0M$275K$843K 990 PDF
FY2020 $985K$775K$211K$568K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,507,639 across 2 lines filed
Lines not itemized here account for $863,179 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$644,460
VIII-12 Total revenueRelated to mission $1,507,639 · Unrelated business $0 · Excluded from tax $0$1,507,639
Part IX · Statement of functional expenses $1,476,644 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $19,348$19,348
IX-5 Pay of current officers, directors and key staffPrograms $230,921 · Management $0 · Fundraising $0$230,921
IX-7 Other salaries and wagesPrograms $562,633 · Management $0 · Fundraising $0$562,633
IX-9 Other employee benefitsPrograms $16,427 · Management $0 · Fundraising $0$16,427
IX-10 Payroll taxesPrograms $69,138 · Management $0 · Fundraising $0$69,138
IX-11b Legal feesPrograms $120 · Management $0 · Fundraising $0$120
IX-11c Accounting feesPrograms $5,080 · Management $0 · Fundraising $0$5,080
IX-11g Other fees for servicesPrograms $131,503 · Management $0 · Fundraising $0$131,503
IX-12 Advertising and promotionPrograms $55,458 · Management $0 · Fundraising $0$55,458
IX-13 Office expensesPrograms $5,000 · Management $0 · Fundraising $0$5,000
IX-16 OccupancyPrograms $28,361 · Management $0 · Fundraising $0$28,361
IX-17 TravelPrograms $1,746 · Management $0 · Fundraising $0$1,746
IX-19 Conferences, conventions and meetingsPrograms $2,963 · Management $0 · Fundraising $0$2,963
IX-20 InterestPrograms $20,376 · Management $0 · Fundraising $0$20,376
IX-22 Depreciation, depletion and amortizationPrograms $41,514 · Management $0 · Fundraising $0$41,514
IX-23 InsurancePrograms $20,582 · Management $0 · Fundraising $0$20,582
IX-24 Other expenses (24a–d)Programs $114,417 · Management $0 · Fundraising $0$114,417
IX-24e All other expensesPrograms $151,057 · Management $0 · Fundraising $0$151,057
IX-25 Total functional expensesPrograms $1,476,644 · Management $0 · Fundraising $0$1,476,644
Part X · Balance sheet $1,433,788 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $21,899$228,003
X-2 Savings and temporary cash investmentsStart of year $665,117$450,237
X-4 Accounts receivableStart of year $63,413$61,644
X-8 Inventories for sale or useStart of year $18,192$19,913
X-9 Prepaid expenses and deferred chargesStart of year $2,420$2,420
X-10c Land, buildings and equipment, netStart of year $668,175$671,571
X-16 Total assetsStart of year $1,439,216$1,433,788
X-17 Accounts payable and accrued expensesStart of year $17,080$11,924
X-25 Other liabilitiesStart of year $46,038$15,060
X-26 Total liabilitiesStart of year $596,399$560,264
X-27 Net assets without donor restrictionsStart of year $842,817$873,524
X-32 Total net assets or fund balancesStart of year $842,817$873,524
X-33 Total liabilities and net assetsStart of year $1,439,216$1,433,788
Part XI · Reconciliation of net assets $873,524 net assets at year end
XI-1 Total revenue$1,507,639
XI-2 Total expenses$1,476,644
XI-3 Revenue less expenses$30,995
XI-4 Net assets at start of year$842,817
XI-9 Other changes in net assets−$288
XI-10 Net assets at end of year$873,524

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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