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Network Angels INC

Tax-deductible

Quincy, MA501(c)(3)Human Services EIN 26-2917668Revenue $695K in FY2025

On file with the IRSnetworkangels.org1 Batterymarch Park Ste 103, 02169-7484 · Quincy, MATax-exempt since May 2009Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the organization is to accept contributions in order to make grants and provide other assistance to benefit persons who are in need of financial assistance because of a personal crisis such as natural calamities or unexpected death of immediate family member.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $93K a year · 26% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$695K
+160% vs prior year
Spent
$424K
To programs
95%
Net assets
$747K
By yearFY2020–FY2025
Revenue
$695K
FY2025▲ +160%
Tap a bar for its year
Revenue by fiscal year
FY2020$143K
FY2021$441K
FY2022$390K
FY2023$233K
FY2024$267K
FY2025$695K
Expenses
$424K
FY2025▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$109K
FY2021$187K
FY2022$248K
FY2023$309K
FY2024$334K
FY2025$424K
Net assets
$747K
FY2025▲ +61%
Tap a bar for its year
Net assets by fiscal year
FY2020$211K
FY2021$464K
FY2022$607K
FY2023$531K
FY2024$465K
FY2025$747K

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $404K Management & general 5% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Gina L Martin
President and Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Narda Shutt
Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Network Angels INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial aid to individuals facing personal crises like natural disasters or family deaths.

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Provided by the organization

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2 programs · $404K · in their own filed words · FY2024
01

Network angels provides assistance to persons who are in need of financial assistance because of personal crisis.

$404Kprogram expense
02

Network angels is managed and administered entirely through in-kind support from sevita. This support with an estimated value of $85,977 in FY25 includes: administration, fundraising and marketing from the company's philanthrophy director; and support from the company's finance team with bookkeeping tax preparation and regulatory filing.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Fidelity Investments Charitable Gift FundFY2021$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 24 grants · $1.5M · 2019–2024
Unitemized GrantFY2024$192,921
Unitemized GrantFY2024$129,131
Unitemized GrantFY2024$52,130
Unitemized GrantFY2024$29,830
Unitemized GrantFY2023$147,277
Unitemized GrantFY2023$96,675
Unitemized GrantFY2023$41,354
Unitemized GrantFY2023$24,410
Unitemized GrantFY2022$117,371
Unitemized GrantFY2022$109,676
Unitemized GrantFY2022$37,378
Unitemized GrantFY2022$17,857
Unitemized GrantFY2021$140,016
Unitemized GrantFY2021$69,028
Unitemized GrantFY2021$21,798
Unitemized GrantFY2021$13,665
Unitemized GrantFY2020$82,087
Unitemized GrantFY2020$48,572
See all 24 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$695K
Ln 12
Gifts and grantsLn 1h$680K
Investment incomeLn 3$15K
Money outPt IX
$424K
Ln 25
Programscol B$404K
Managementcol C$20K
Owns and owesPt X
$747K
net assets · Ln 32
Cash and savingsLn 1–2$449K
Total assetsLn 16$756K
LiabilitiesLn 26$9K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$680K
Investment incomeLn 3$15K
Gains on assetsLn 7$6K
Total revenueLn 12$695K
Assets in detailPt X, end of year
CashLn 1$449K
Cash and savings togetherLn 1–2$449K
InvestmentsLn 11–13$307K
Total assetsLn 16$756K
LiabilitiesLn 26$9K
Net assetsLn 32$747K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$197K$449K
InvestmentsLn 11–13$286K$307K
Total assetsLn 16$482K$756K
LiabilitiesLn 26$18K$9K
Net assetsLn 32$465K$747K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$404K$404K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$4K$4K
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$424K$404K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $695K$424K$272K$747K 990 PDF
FY2024 $267K$334K−$67K$465K 990 PDF
FY2023 $233K$309K−$76K$531K 990 PDF
FY2022 $390K$248K$143K$607K 990 PDF
FY2021 $441K$187K$253K$464K 990 PDF
FY2020 $143K$109K$34K$211K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $695,447 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $229,313$679,968
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,545$15,479
I-11 Other revenuePrior year $31,389$0
I-12 Total revenuePrior year $267,247$695,447
I-13 Grants and similar amounts paidPrior year $309,716$404,012
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,163$19,516
I-18 Total expensesPrior year $333,879$423,528
I-19 Revenue less expensesPrior year −$66,632$271,919
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $695,447 across 5 lines filed
VIII-1f All other contributions, gifts and grants$679,968
VIII-1h Total contributions, gifts and grants$679,968
VIII-3 Investment incomeExcluded from tax $9,123$9,123
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,356$6,356
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $15,479$695,447
Part IX · Statement of functional expenses $423,528 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $404,012$404,012
IX-11c Accounting feesManagement $12,683$12,683
IX-11f Investment management feesManagement $3,952$3,952
IX-24 Other expenses (24a–d)Management $2,881$2,881
IX-25 Total functional expensesPrograms $404,012 · Management $19,516 · Fundraising $0$423,528
Part X · Balance sheet $756,200 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $196,708$448,879
X-11 Publicly traded securitiesStart of year $285,525$307,321
X-16 Total assetsStart of year $482,233$756,200
X-17 Accounts payable and accrued expensesStart of year $17,695$9,474
X-26 Total liabilitiesStart of year $17,695$9,474
X-27 Net assets without donor restrictionsStart of year $464,538$746,726
X-32 Total net assets or fund balancesStart of year $464,538$746,726
X-33 Total liabilities and net assetsStart of year $482,233$756,200
Part XI · Reconciliation of net assets $746,726 net assets at year end
XI-1 Total revenue$695,447
XI-2 Total expenses$423,528
XI-3 Revenue less expenses$271,919
XI-4 Net assets at start of year$464,538
XI-5 Net unrealized gains (losses) on investments$10,269
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$746,726

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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