World Computer Exchange Inc
Nonprofit profile at a glance
- EIN
- 043529016
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Hull, MA, USA
- Phone
- 7819253078
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $150,755
- Expenses
- $264,817
- Assets
- $659,964
- Liabilities
- $346,853
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- PAMELA COONEY (PRESIDENT)
Highest reported compensation
- PAMELA COONEY (PRESIDENT): $36,538 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Mission of World Computer Exchange is to reduce the digital divide for youth in developing countries; to use our global network of partnerships to enhance communities in these countries; and to promote the reuse of electronic equipment (continued Schedule O).
What it reported doing in 2024
In FYE June 30, 2025, WCE distributed 1,129 computers to 28 schools in 7 developing countries. Over 200 volunteers in our five chapters refurbished the computers, loaded the hard drives with educational programs, and prepared them for shipping. The schools receiving the equipment estimate that the equipment will serve 15,975 students annually. WCE works with 11 field associates in 10 developing countries on a fee basis. They will develop WCE chapters in those countries, utilizing the WCE process to collect, refurbish, load, and distribute computers to local community schools and other organizations serving youth. They will also help our partners maintain their computers and provide technical assistance. We also continue to seek support for our Inspire Girls initiative to develop resources for our partner schools to encourage girls to stay in school and pursue careers in technology.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 55
- Accountability: 79
- Sustainability: 24
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.9%; rating input score 92
- Program expense ratio: 85.8%; rating input score 86
- Fundraising efficiency: $31.11 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 25th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -75.7%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 2.49; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 13.8%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: -4.1% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 91.9% of revenue deployed · 85.8% of spending went to programs
- Governance: 10 of 11 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $227K in reported program spending
- Leadership: top reported pay $37K · 11 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 7 filed schedules · includes major donors and foreign activity
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Sustainability: Officer compensation ratio scored 25/100.