2016-05-12T09:32:41-05:00 2015-06-30 042842388 HUGHES AND COMPANY PC ONE WEST FOSTER STREET MELROSE MA 02176 990 2014-07-01 043529016 WORLD COMPUTER EXCHANGE INC WORL 7819253078 936 NANTASKET AVENUE HULL MA 02045 TIMOTHY ANDERSON PRESIDENT 7819253078 2016-05-11 1 JOHN S MCNAMARA P00530211 7816657100 2014 2016-08-17 19:52:53Z TIMOTHY ANDERSON 936 NANTASKET AVENUE HULL MA 02045 470007 0 X WORLDCOMPUTEREXCHANGE.ORG X 2000 MA TO REDUCE THE DIGITAL DIVIDE FOR YOUTH IN DEVELOPING COUNTRIES; TO USE A GLOBAL NETWORK OF PARTNERSHIPS TO ENHANCE COMMUNITIES IN THESE COUNTRIES; AND TO PROMOTE THE REUSE OF ELECTRONIC EQUIPMENT AND ITS ULTIMATE DISPOSAL IN AN ENVIRONMENTALLY RESPONSIBLE MANNER. 9 7 0 776 0 0 384466 443453 0 0 37 5005 -104052 -164700 280451 283758 0 0 0 0 91370 75823 0 0 6082 70252 61055 161622 136878 118829 146880 810772 986868 561856 567372 248916 419496 TO REDUCE THE DIGITAL DIVIDE FOR YOUTH IN DEVELOPING COUNTRIES; TO USE A GLOBAL NETWORK OF PARTNERSHIPS TO ENHANCE COMMUNITIES IN THESE COUNTRIES; AND TO PROMOTE THE REUSE OF ELECTRONIC EQUIPMENT AND ITS ULTIMATE DISPOSAL IN AN ENVIRONMENTALLY RESPONSIBLE MANNER. 0 0 98734 PROVIDED LOW-COST DONATED COMPUTERS, NETWORK GEAR AND SOFTWARE TO DEVELOPING COUNTRIES TO CONNECT YOUNG PEOPLE TO THE INTERNET YEARS FASTER THAN OTHERWISE POSSIBLE. 98734 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 X 9 7 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA IL CA MD PR X X X ORGANIZATION 7819253078 936 NANTASKET AVE HULL MA 02045 MARK MILLER PRESIDENT 7.00 X X 0 0 0 TIMOTHY ANDERSON CEO 60.00 X X 0 0 5823 WAYNE FRITZE TREASURER 2.50 X X 0 0 0 KIMBERLY ADAMS DIRECTOR 1.00 X 0 0 0 RICHARD GINGRAS DIRECTOR 1.00 X 0 0 0 ROBB RILL DIRECTOR 1.00 X 0 0 0 PETER HELLMONDS DIRECTOR 1.00 X 0 0 0 STEPHEN WOOD DIRECTOR 1.00 X 0 0 0 PAMELA COONEY CLERK 1.00 X 0 0 0 0 0 5823 0 0 0 0 0 443453 317062 443453 5005 5005 21549 186249 -164700 -164700 283758 0 0 -159695 45823 36659 4582 4582 30000 18000 10500 1500 6814 6814 1348 1348 4775 609 4166 12000 6000 6000 4121 4121 1036 1036 4223 4223 LICENSING FEES 23238 23238 BAD DEBT EXPENSE 3500 3500 136878 98734 32062 6082 2814 7168 3791 1397 18019 21544 690900 867275 2016 2016 8764 87468 84468 0 810772 986868 39849 29855 522007 537517 561856 567372 X 118196 337787 130720 81709 248916 419496 810772 986868 X 146880 -6300 30000 X 0 1 X 1 0 X 372812 437136 639289 384466 443453 2277156 372812 437136 639289 384466 443453 2277156 0 0 0 2277156 5 37 5005 5047 5 37 5005 5047 372812 437136 639294 384503 448458 2282203 0.99780 1.00000 0.00220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 614032 331891 -1617 330274 283758 0 283758 443452 301891 4683 306574 136878 0 136878 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD WHICH REQUIRES THE ORGANIZATION TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF JUNE 30, 2015, THE ORGANIZATION DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. INFORMATION RETURNS FILED FOR THE YEARS ENDED JUNE 30, 2014, 2013 AND 2012 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE COMMONWEALTH OF MASSACHUSETTS. THE ORGANIZATION DOES NOT EXPECT THAT THE AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DONATED USE OF FACILITIES INCLUDED IN COST OF SALES ON FINANCIAL STATEMENTS -2,766. UNREALIZED GAIN ON INVESTMENTS 1,149. PART XII, LINE 2D - OTHER ADJUSTMENTS: DONATED USE OF FACILITIES INCLUDED IN COST OF SALES ON THE FINANCIAL STMTS -2,766. UNREALIZED LOSS ON INVESTMENT 7,449. CENTRAL AMERICA AND THE CARRIBEAN 0 0 PROGRAM SERVICES PROVIDED LOW COST DONATED COMPUTERS SUB-SAHARAN AFRICA - ANGOLA, 0 0 PROGRAM SERVICES PROVIDED LOW COST DONATED COMPUTERS NORTH AMERICA - CANADA AND MEXICO 0 0 PROGRAM SERVICES PROVIDED LOW COST DONATED COMPUTERS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TIMOTHY ANDERSON PRESIDENT PROGRAM SUPPORT DURING PERIODS OF POOR CASH FLOW X 537117 537517 0 1 1 537517 X COMPUTERS 1712 296975 FAIR MARKET VALUE OF 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF COMPUTERS DONATED. FORM 990, PART VI, SECTION A, LINE 2 TIM ANDERSON, CEO AND PAMELA COONEY, CLERK ARE MARRIED FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO'S POWERS ARE LIMITED TO: (1)THE ANNUAL ELECTION OF APPROXIMATELY ONE THIRD OF THE BOARD OF DIRECTORS, (2)THE AMENDMENT OF THE BY-LAWS, (3)THE ELECTION OF UP TO 50 MEMBERS OF THE INTERNATIONAL ADVISORY COUNCIL TO THREE-YEAR TERMS, AND (4)HEARING AND ACCEPTING OF THE ANNUAL FINANCIAL REPORT OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO ELECT APPROXIMATELY ONE THIRD OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING FOR REVIEW, COMMENT AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND PRINCIPAL OFFICER OF WCE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT THE DIRECTOR HAS RECEIVED A COPY OF THIS POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND AGREES TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DISCUSSES AND APPROVES THE SALARY OF THE PRESIDENT WITH THE PRESIDENT ABSTAINING FROM THE VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: DONATION OF ACCRUED PAYROLL 30,000.