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.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
30 mo
of spending, in cash
Looks good: 29.6 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
−$3K
-0.6% of total assets
Looks good: liabilities are -1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$441K
+209% vs prior year
Spent
$187K
To programs
100%
Net assets
$464K
By yearFY2020–FY2025
Revenue
$441K
FY2021▲ +209%
Tap a bar for its year
Revenue by fiscal year
FY2020$143K
FY2021$441K
FY2022$390K
FY2023$233K
FY2024$267K
FY2025$695K
Expenses
$187K
FY2021▲ +72%
Tap a bar for its year
Expenses by fiscal year
FY2020$109K
FY2021$187K
FY2022$248K
FY2023$309K
FY2024$334K
FY2025$424K
Net assets
$464K
FY2021▲ +120%
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 FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

100 cents of each dollar spent went to programs.

Program services 100% · $187K

Form 990 Part IX, line 25. 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 (FY2020); the FY2021 filing did not itemize Part VII
Director and Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director and President
$0Pt VII · Sec A
Director and Treasurer
$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 · $187K · in their own filed words · FY2020
01

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

$187Kprogram expense
02

Network Angels is managed and administered entirely through in-kind support from The MENTOR Network. That support with an estimated value of $38,000 includes: administration fundraising and marketing from the company's Philanthropy Manager; 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
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 FY2021 990, line by line.

1The main four
Money inPt VIII
$441K
Ln 12
Gifts and grantsLn 1h$441K
Money outPt IX
$187K
Ln 25
Programscol B$187K
Owns and owesPt X
$464K
net assets · Ln 32
Cash and savingsLn 1–2$461K
Total assetsLn 16$461K
LiabilitiesLn 26−$3K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$441K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Gains on assetsLn 7$0
Total revenueLn 12$441K
Assets in detailPt X, end of year
CashLn 1$461K
SavingsLn 2$0
Cash and savings togetherLn 1–2$461K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$461K
LiabilitiesLn 26−$3K
Net assetsLn 32$464K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$211K$461K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$211K$461K
LiabilitiesLn 26$0−$3K
Net assetsLn 32$211K$464K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$185K$185K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$2K$2K$0$0
Accounting feesLn 11c$488$488$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$70$70$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$187K$187K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $440,609 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,614$440,609
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $142,614$440,609
I-13 Grants and similar amounts paidPrior year $105,197$184,791
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 $3,394$2,494
I-18 Total expensesPrior year $108,591$187,285
I-19 Revenue less expensesPrior year $34,023$253,324
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $440,609 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$440,609
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$440,609
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$440,609
Part IX · Statement of functional expenses $187,285 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $184,791$184,791
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $1,936 · Management $0 · Fundraising $0$1,936
IX-11c Accounting feesPrograms $488 · Management $0 · Fundraising $0$488
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $70 · Management $0 · Fundraising $0$70
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $187,285 · Management $0 · Fundraising $0$187,285
Part X · Balance sheet $461,405 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $211,047$461,405
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $211,047$461,405
X-17 Accounts payable and accrued expensesStart of year $0−$2,965
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0−$2,965
X-32 Total net assets or fund balancesStart of year $211,047$464,370
X-33 Total liabilities and net assetsStart of year $211,047$461,405
Part XI · Reconciliation of net assets $464,370 net assets at year end
XI-1 Total revenue$440,609
XI-2 Total expenses$187,285
XI-3 Revenue less expenses$253,324
XI-4 Net assets at start of year$211,047
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$464,370

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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