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FIRST TECH FUND INC
BROOKLYN, NY · EIN 851137904 · Form 990 · FY2024 · NTEE S02 · Community Improvement · Small ($100K-$1M)
revenue
$268K
expenses
$462K
net assets
$181K
employees
7
volunteers
75
program ratio
82%
mission · from form 990

FIRST TECH FUND EMPOWERS LOW-INCOME HIGH SCHOOL STUDENTS IN NEW YORK CITY TO THRIVE ACADEMICALLY AND PROFESSIONALLY BY OFFERING FREE TECHNOLOGY, RELIABLE INTERNET ACCESS, TARGETED DIGITAL SKILLS TRAINING, DEDICATED MENTORSHIP, AND OPPORTUNITIES TO BUILD SOCIAL CAPITAL. THROUGH A HOLISTIC SUPPORT SYSTEM, THE ORGANIZATION EQUIPS YOUTH FROM UNDERSERVED BACKGROUNDS TO NAVIGATE AND ATTAIN MEANINGFUL EDUCATIONAL AND CAREER PATHWAYS, SEEKING TO CLOSE THE DIGITAL DIVIDE AND PROMOTE LIFELONG SUCCESS.

profile · synthesized from sources

First Tech Fund Inc supports low-income high school students in New York City by providing free technology, internet access, digital skills training, and mentorship. The organization aims to close the digital divide and prepare underserved youth for academic and professional success through targeted programs and community partnerships.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $0
    One Time Tech Request Program: We provide technology to high school and college students in need in the New York City community.
  2. #2 $44K
    Dual Impact Internship Program: We connect underrepresented college students with paid summer internships at startups led by underrepresented founders to promote economic mobility and diverse entrepreneurship
named programs · 3 · from sources

What they call their work

Community Partner Program
Distributes technology to high school and college students in need through community-based organizations in NYC.
Dual Impact Internship Program
Connects underrepresented college students with paid summer internships at startups founded by underrepresented entrepreneurs to promote economic mobility and diverse entrepreneurship.
One Time Tech Request Program
Provides technology to high school and college students in need in the New York City community.
activities · 2 groups

What they do

  • Student Career Readiness and Internship Placement 1 activity
    • Funding and facilitating paid internships for underrepresented students
      Connects underrepresented college students with paid summer internships at startups founded by underrepresented entrepreneurs to support economic mobility and diverse entrepreneurship.
  • Digital Literacy Training and Technology Access 1 activity
    • Providing technology to students in need
      Distributes technology to high school and college students in need in New York City through both direct requests and community partners.
financials · form 990 · fy2024
revenue
Total revenue$268K
Contributions & grants$251K94%
Program service revenue$13K5%
Investment income$00%
Other revenue$5K
expenses
Total expenses$462K
Program expenses82%
Admin / overhead17%
Fundraising1%
Salaries & benefits$283K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$190K
Cash$181K
Investments$0
Liabilities$8K
Net assets$181K
Liquid reserves4.7 mo
5 years on record · 2020–2024 · YoY revenue -53.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
JOSUE DE PAZ PRESIDENT 30 $91K
board members · 11
  • EMILIE HSIEH — DIRECTOR
  • GLICKMAN COLON — DIRECTOR
  • HANA SELIGMAN — SECRETARY
  • HYOBIN SUNG — DIRECTOR
  • JACKIE MALLON — DIRECTOR
  • JAMAL ADAMS — DIRECTOR
  • JAMIE CUNNINGHAM — DIRECTOR
  • JEROME J SANDERS — BOARD CHAIR
  • MONICA SIBRI — DIRECTOR
  • NATASHA UBALDO — COMPLIANCE O
  • OLIVIA FOWORA — DIRECTOR
relationships · 1

Who they work with

  • Community partners Partner — Collaborates with community partners to distribute technology to students in need in New York City.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Community-Based Distribution Network
    methodology: community-based distribution
    By partnering with community organizations to distribute technology, we expand access and reach among students in need because trusted local institutions lower barriers to engagement and increase program uptake.
  • Holistic Youth Support Model
    methodology: holistic youth support
    By combining technology access, digital skills training, mentorship, and social capital building, we enable academic and professional success among low-income high school students because comprehensive support addresses multiple systemic barriers simultaneously, increasing long-term outcomes.