Laptops for Kids Inc
Nonprofit profile at a glance
- EIN
- 852603194
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 3479312725
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $106,607
- Expenses
- $104,054
- Assets
- $6,501
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- ROSS COHEN (PRESIDENT & CHAIRMAN)
- JOSH LEVY (VICE PRESIDENT & DIRECTOR)
People named in this filing
- ROSS COHEN (PRESIDENT & CHAIRMAN)
- JOSH LEVY (VICE PRESIDENT & DIRECTOR)
- MICHAEL BOLLHARDT (TREASURER & DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Laptops for kids inc. Will do everything in our power to reduce the inequality that limits some students' access to the internet and do our best to level the playing field through the simple concept of owning your own computer. The organization will be a facilitator of digital literacy for thousands of children regardless of their financial limitations, closing the income gap of owning a computer, and reducing electronic waste around the world. The organization believes that every child deserves access to quality education and access to the internet, regardless of their economic circumstances. Today and moving forward, this requires owning a computer.
What it reported doing in 2024
To provide laptops to children for access to quality education and access to the internet, regardless of their economic circumstances.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.4%; rating input score 94
- Program expense ratio: 96.8%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 2.4%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 33.4% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 33.7% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 38.5% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 94.4% of revenue deployed · 96.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $101K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.