I58 Network EIN 20-8248709

I58 Network FY2021 filing

Not yet claimed Claim this org →

Supports new charities with resources and oversight until they can thrive independently. For fiscal year 2021 it reported $107K in revenue, $81K in expenses, and $49K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Arvada, CO
Website
i58network.org
Filings
5 on file (2020–2021)
Revenue
$107KFY2021
Expenses
$81K
Net assets
$49K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-8248709 Public charity (501(c)(3)) Arvada, CO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until I58 Network claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Supports new charities with resources and oversight until they can thrive independently.
Leadership
Bob Bossman · Director
Money in and out
$107K revenue, $81K expenses
Bottom line
98% program efficiency
Where the money goes · FY2021
Total revenue
$107K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $26K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$107K
FY2021▲ +29%
Expenses
$81K
FY2021▼ -6%
Total assets
$49K
FY2021▲ +114%
Total liabilities
$200
FY2021▼ -62%
Total revenue
$107K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$49K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$49K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $79K of program spending, described in the organization's own filed words · FY2021.
01

Continued operation of thrift store operation to serve over 70 women and their families. Volunteers work at the thrift store and mentor these women and counsel them through lifes struggles while providing programs for their children and introducing them to the other assistance agencies available to help them.

$47Kprogram expense
02

Provided backpacks and school supplies to more than 4,200 children in foster care transition in eight surrounding counties

$32Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CI58 Network
EINHdr · item D20-8248709
Principal addressHdr · item CArvada, CO
WebsiteHdr · item Ji58network.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P12)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Direcor -Vic
$0Pt VII · Sec A
Director - P
$0Pt VII · Sec A
Director - T
$0Pt VII · Sec A
Director - S
$0Pt VII · Sec A
See I58 Network executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$65K · 61%
Program service revenue$42K · 39%
Contributions & grants61%$65K
Program service revenue39%$42K
Total revenueLn 12$107K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$79K
Management & general2%$1K
Total functional expensesLn 25$81K

Balance Sheet

Part X · end of year
CashLn 1$49K
Total assetsLn 16$49K
Total liabilitiesLn 26$200
Total net assetsLn 32$49K
Months of cash on handcomputed7.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $49K · Operating expenses/yr $81K
7.3 months
Where the money goes
Program services
Program services $79K · Total expenses $81K
98%
Management & General
Management & general $1K · Total expenses $81K
2%
Fundraising
Fundraising $0 · Total expenses $81K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $55K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $65K · Total revenue $107K
61%
Government reliance
Government grants — · Total revenue $107K
Earned-income share
Program service revenue $42K · Total revenue $107K
39%
Investment reliance
Investment income $0 · Total revenue $107K
0%
Program self-sufficiency
Program service revenue $42K · Total expenses $81K
52%
Growth & trend
Revenue growth (YoY)
This year $107K · Prior year $84K
+29%
Net-asset trend (YoY)
End of year $49K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $107K · Expenses $81K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $49K
Net-asset ratio
Net assets $49K · Total assets $49K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $49K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bob Bossman · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $81K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $81K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 29%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$7K
Grants paid · 4 grants · $76K · 2020–2024
Packs of HopeFY2024$18,263
Foothills Community ChurchFY2021$28,526
Foothills Community ChurchFY2020$14,839
EverylifeFY2020$14,762

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$35K revenue · ⤓ 990 PDF
FY2023$29K revenue · ⤓ 990 PDF
FY2022$100K revenue · ⤓ 990 PDF
FY2021$107K revenue · viewing · ⤓ 990 PDF
FY2020$84K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.