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Filing year 2024

FIRST TECH FUND INC

Brooklyn, New York·EIN 85-1137904·NTEE S02 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$268k
Total assets
$190k
Total expenses
$462k
Reported officers
12
Mission

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.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New York.

President
25th percentile to median
$91k
$98k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FIRST TECH FUND INC equaled 20% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
20%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 17%
from 2023

From $77k in 2023 to $91k in 2024.

$77k
2023
$91k
2024
In today's dollarsEst.
Up 13% in real terms$87k to $98k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 17% from 2023 to 2024, while revenue fell 53%.

$77k in 2023 to $91k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FIRST TECH FUND INC

What does the Chief Executive Officer of FIRST TECH FUND INC earn?

In 2024, the Chief Executive Officer of FIRST TECH FUND INC received $90,625 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New York, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FIRST TECH FUND INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New York, the 2024 pay of the Chief Executive Officer at FIRST TECH FUND INC falls between the 25th percentile and the median. In 2024, the highest total compensation at FIRST TECH FUND INC equaled 20% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are FIRST TECH FUND INC's revenue and expenses?

In 2024, FIRST TECH FUND INC reported $268k in total revenue and $462k in total expenses on its IRS Form 990.

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