GARBO TECHNOLOGY CORP

EIN: 842425392 501(c)(3)

NEW YORK, NY

Total Revenue
$445,168
Total Expenses
$500,334
Total Assets
$51,685
Net Assets
$51,685
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
KATHRYN KOSMIDES
Phone
9293414284
Tax Period
2023-01-01 to 2023-12-31

GARBO TECHNOLOGY CORP, founded in 2019, is a small nonprofit that reported $445K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $500K exceeded revenue, resulting in a 12% operating deficit.

Mission

GARBO'S MISSION IS TO HELP PROACTIVELY PREVENT HARM IN THE DIGITAL AGE THROUGH TECHNOLOGY, TOOLS, AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $329,574 Revenue: $192,620

GARBO OFFERS FREE EDUCATIONAL CONTENT INCLUDING OUR BLOG POSTS, QUIZZES, AND PODCAST EPISODES THAT REACHED OVER 1.4 MILLION PEOPLE IN 2023.GARBO OPERATED THEIR PUBLIC RECORD SEARCH TECHNOLOGY FOCUSED...

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GARBO OFFERS FREE EDUCATIONAL CONTENT INCLUDING OUR BLOG POSTS, QUIZZES, AND PODCAST EPISODES THAT REACHED OVER 1.4 MILLION PEOPLE IN 2023.GARBO OPERATED THEIR PUBLIC RECORD SEARCH TECHNOLOGY FOCUSED ON THE REPORTING OF VIOLENT AND HARMFUL BEHAVIOR THROUGH AUGUST 31, 2023. AFTER WE SHUT DOWN OUR TECHNOLOGY, WE WORKED WITH EXPERTS AND ADVOCATES TO CREATE AN IN-DEPTH GUIDE ARMING INDIVIDUALS WITH THE KNOWLEDGE, TOOLS, AND STRATEGIES TO HELP IDENTIFY POTENTIAL BAD ACTORS AND PROTECT YOURSELF IN THE DIGITAL AGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $252,548
Program Service Revenue $192,620
Investment Income $0
Other Revenue $0
TOTAL REVENUE $445,168

Expense Breakdown

Grants Paid $0
Salaries & Benefits $302,382
Fundraising Expenses $22,507
Program Expenses $329,574
Other Expenses $197,952
TOTAL EXPENSES $500,334

Year-over-Year Comparison

2023 2022 Change
Revenue $445,168 $737,584 -0.4%
Expenses $500,334 $1,435,813 -0.7%
Net Income $-55,166 $-698,229 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
6
Volunteers
11

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$131,050
Total Directors
7
$131,050
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHRYN KOSMIDES PRESIDENT AND C.E.O. 40.00
Officer Director
$84,943 $14,821 $99,764
PALLAVI SUD TREASURER 3.00
Officer Director
$0 $0 $0
DAVE UGELOW SECRETARY 10.00
Officer Director
$31,286 $0 $31,286
RACHEL GIBSON BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM MICHAELSON BOARD MEMBER 1.00
Director
$0 $0 $0
GRACE HAAF BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE CONNAUGHTON BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $445,168 $500,334 $51,685 $-55,166
2022 $737,584 $1,435,813 $289,430 $-698,229
2021 $1,420,251 $672,759 $851,580 $747,492
2021 $1,420,251 $649,067 $865,272 $771,184
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