Polished Network INC FY2021 filing

Dallas, TXUnknown exempt organization EIN 26-3706805Revenue $299K in FY2021

On file with the IRSpolishedonline.orgPo Box 38112 · Dallas, TX

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Polished gathers women to navigate the workplace and explore faith together in authentic community.

46¢ of each $1 spent went to programs.
$58K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $14K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $25K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+62% vs prior year
Spent
$319K
To programs
46%
Net assets
$45K
By yearFY2020–FY2024
Revenue
$299K
FY2021▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2020$185K
FY2021$299K
FY2022$217K
FY2023$317K
FY2024$309K
Expenses
$319K
FY2021▲ +56%
Tap a bar for its year
Expenses by fiscal year
FY2020$204K
FY2021$319K
FY2022$227K
FY2023$316K
FY2024$333K
Net assets
$45K
FY2021▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$65K
FY2021$45K
FY2022$36K
FY2023$37K
FY2024$13K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $148K Management & general 36% · $114K Fundraising 18% · $58K

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

8 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Executive Direct
$49,037Pt VII · Sec A
Board Member
$9,340Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
Executive Director as of Dec'21
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Catherine Gates$83,208————
Dr Joy Dahl———$49,037$38,462
Amy Cedrone$12,960$31,680$37,440——
Kat Armstrong———$9,340$12,365

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Connects women for workplace navigation and faith exploration in authentic community.

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Provided by the organization

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1 program · $148K · in their own filed words · FY2021
01

Host gatherings via national webinar and through local chapters in austin, dallas, fort worth, houston, lubbock, north dallas, oklahoma city and southern dallas to help working women connect god's word to everyday life.

$148Kprogram expense

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 · FY2024
See all 6 funders →
Grants paid · 1 grant · $13K · 2024–2024
4wordTX · FY2024$13,080

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$251K
Fees for servicesLn 2g$48K
Investment incomeLn 3$380
Money outPt IX
$319K
Ln 25
Programscol B$148K
Managementcol C$114K
Fundraisingcol D$58K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$48K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$251K
Government grantsLn 1e$42K
Fees for servicesLn 2g$48K
Investment incomeLn 3$380
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$48K
Cash and savings togetherLn 1–2$48K
Total assetsLn 16$48K
LiabilitiesLn 26$3K
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 57
VolunteersI 650
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$89K$48K
Total assetsLn 16$89K$48K
LiabilitiesLn 26$24K$3K
Net assetsLn 32$65K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$58K$10K$13K$36K
Other salaries and wagesLn 7$59K$15K$32K$12K
Payroll taxesLn 10$9K$2K$3K$4K
Legal feesLn 11b$2K$2K$300
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$36K$18K$19K
Advertising and promotionLn 12$14K$10K$4K
Office expensesLn 13$926$826$100
OccupancyLn 16$3K$3K
Conferences, conventions and meetingsLn 19$85K$84K$1K
InsuranceLn 23$601$601
Other expenses (24a–d)Ln 24$22K$7K$8K$6K
All other expensesLn 24e$2K$1K$1K
Total functional expensesLn 25$319K$148K$114K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $309K$333K−$23K$13K 990 PDF
FY2023 $317K$316K$668$37K 990 PDF
FY2022 $217K$227K−$9K$36K 990 PDF
FY2021 Viewing $299K$319K−$20K$45K 990 PDF
FY2020 $185K$204K−$19K$65K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $299,371 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $153,759$251,346
I-9 Program service revenuePrior year $31,016$47,645
I-10 Investment incomePrior year $265$380
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $185,040$299,371
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $109,359$126,062
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $94,871$193,225
I-18 Total expensesPrior year $204,230$319,287
I-19 Revenue less expensesPrior year −$19,190−$19,916
Part VI · Governance 5 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $299,371 across 6 lines filed
VIII-1e Government grants$41,535
VIII-1f All other contributions, gifts and grants$209,811
VIII-1h Total contributions, gifts and grants$251,346
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $47,645$47,645
VIII-3 Investment incomeExcluded from tax $380$380
VIII-12 Total revenueRelated to mission $47,645 · Unrelated business $0 · Excluded from tax $380$299,371
Part IX · Statement of functional expenses $319,287 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $9,574 · Management $12,609 · Fundraising $36,194$58,377
IX-7 Other salaries and wagesPrograms $14,841 · Management $32,062 · Fundraising $11,680$58,583
IX-10 Payroll taxesPrograms $1,919 · Management $3,468 · Fundraising $3,715$9,102
IX-11b Legal feesPrograms $1,634 · Management $300$1,934
IX-11c Accounting feesManagement $27,653$27,653
IX-11g Other fees for servicesPrograms $17,596 · Management $18,557$36,153
IX-12 Advertising and promotionPrograms $10,025 · Management $3,586$13,611
IX-13 Office expensesManagement $826 · Fundraising $100$926
IX-16 OccupancyManagement $3,000$3,000
IX-19 Conferences, conventions and meetingsPrograms $84,031 · Management $1,386$85,417
IX-23 InsuranceManagement $601$601
IX-24 Other expenses (24a–d)Programs $7,370 · Management $8,084 · Fundraising $6,053$21,507
IX-24e All other expensesPrograms $1,022 · Management $1,401$2,423
IX-25 Total functional expensesPrograms $148,012 · Management $113,533 · Fundraising $57,742$319,287
Part X · Balance sheet $47,610 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $89,363$47,610
X-16 Total assetsStart of year $89,363$47,610
X-17 Accounts payable and accrued expensesStart of year $3,808$2,516
X-24 Unsecured notes and loans payableStart of year $20,545$0
X-26 Total liabilitiesStart of year $24,353$2,516
X-27 Net assets without donor restrictionsStart of year $65,010$45,094
X-32 Total net assets or fund balancesStart of year $65,010$45,094
X-33 Total liabilities and net assetsStart of year $89,363$47,610
Part XI · Reconciliation of net assets $45,094 net assets at year end
XI-1 Total revenue$299,371
XI-2 Total expenses$319,287
XI-3 Revenue less expenses−$19,916
XI-4 Net assets at start of year$65,010
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,094

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

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