Information Technology Exchange
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Searsport, ME
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 55-0788650
Organization Overview
Information Technology Exchange, operating under the name Give IT Get IT, is located in Searsport, ME. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Give IT Get IT employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Give IT Get IT is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Give IT Get IT generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO INCREASE TECHNOLOGY ACCESS AND LITERACY FOR INDIVIDUALS, FAMILIES AND NON-PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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).
SALES OF REUSABLE DONATED TECHNOLOGY TO THE PUBLIC. THESE FUNDS ARE THEN USED TO KEEP MISSION PARTICIPATION FEES AS LOW AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Martin Co-Executive Director | OfficerTrustee | 40 | $89,501 |
Christopher Martin Co-Executive Director | OfficerTrustee | 40 | $89,099 |
Marty Duggan President | OfficerTrustee | 6 | $0 |
Dennis Tuttle Vice-President | OfficerTrustee | 2 | $0 |
Scott Blake Treasurer | OfficerTrustee | 2 | $0 |
Seth Gillis Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,517 |
| Total Program Service Revenue | $439,840 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$155 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $784,202 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,322,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,636 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,992 |
| Payroll taxes | $51,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130 |
| Fees for services: Accounting | $2,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76,800 |
| Office expenses | $5,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,387 |
| Travel | $1,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,482 |
| Interest | $26,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,109 |
| Insurance | $23,678 |
| All other expenses | $109,521 |
| Total functional expenses | $1,047,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,899 |
| Savings and temporary cash investments | $665,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,413 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,192 |
| Prepaid expenses and deferred charges | $2,420 |
| Net Land, buildings, and equipment | $668,175 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,439,216 |
| Accounts payable and accrued expenses | $17,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $533,281 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,038 |
| Total liabilities | $596,399 |
| Net assets without donor restrictions | $842,817 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,439,216 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolfes Neck Farm Foundation Inc Freeport, ME | $12,188,100 | $5,656,149 |
Francis T & Louise T Nichols Foundation Bangor, ME | $18,153,366 | $3,236,435 |
Horizon Foundation Inc Portland, ME | $24,987,883 | $2,103,553 |
Burns Family Foundation Inc Damariscotta, ME | $7,389,840 | $428,121 |
Information Technology Exchange Searsport, ME | $1,439,216 | $1,322,404 |
Positive Tracks Inc Hanover, NH | $788,895 | $936,477 |
Land Conservation Assistance Network Yarmouth, ME | $35,022 | $631,077 |
Krempels Center Portsmouth, NH | $1,041,013 | $734,120 |
Watermans Community Center North Haven, ME | $3,096,274 | $570,258 |
Charitable Division Of The Rotary Club Of Portsmouth New Hampshire Portsmouth, NH | $3,205,504 | $502,112 |
Islesboro Islands Trust Islesboro, ME | $4,486,881 | $831,070 |
Hine Corporation Scarborough, ME | $1,274,954 | $334,482 |