Polished Network INC FY2022 filing

Dallas, TXUnknown exempt organizationEIN 26-3706805Revenue $217K in FY2022

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.

48¢ of each $1 spent went to programs.
$37K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 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
$2K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$217K
-27% vs prior year
Spent
$227K
To programs
48%
Net assets
$36K
By yearFY2020–FY2024
Revenue
$217K
FY2022▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$185K
FY2021$299K
FY2022$217K
FY2023$317K
FY2024$309K
Expenses
$227K
FY2022▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2020$204K
FY2021$319K
FY2022$227K
FY2023$316K
FY2024$333K
Net assets
$36K
FY2022▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$65K
FY2021$45K
FY2022$36K
FY2023$37K
FY2024$13K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

48 cents of each dollar spent went to programs.

Program services 48% · $109K Management & general 41% · $93K Fundraising 11% · $25K

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

7 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$37,440Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairwoman
$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 · $109K · in their own filed words · FY2022
01

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

$109Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$217K
Ln 12
Gifts and grantsLn 1h$157K
Fees for servicesLn 2g$60K
Investment incomeLn 3$120
Money outPt IX
$227K
Ln 25
Programscol B$109K
Managementcol C$93K
Fundraisingcol D$25K
Owns and owesPt X
$36K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$38K
LiabilitiesLn 26$2K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$157K
Fees for servicesLn 2g$60K
Investment incomeLn 3$120
Total revenueLn 12$217K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$36K
Total assetsLn 16$38K
LiabilitiesLn 26$2K
Net assetsLn 32$36K
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 FY22End FY22
Cash and savingsLn 1–2$48K$36K
Total assetsLn 16$48K$38K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$45K$36K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$37K$19K$4K$15K
Other salaries and wagesLn 7$16K$9K$3K$3K
Payroll taxesLn 10$4K$2K$532$1K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$52K$2K$50K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$326$107$219
Information technologyLn 14$3K$3K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$74K$74K$540
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$12K$3K$4K$6K
All other expensesLn 24e$728$289$439
Total functional expensesLn 25$227K$109K$93K$25K

Filing history

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

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $217,331 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $251,346$156,874
I-9 Program service revenuePrior year $47,645$60,337
I-10 Investment incomePrior year $380$120
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $299,371$217,331
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 $126,062$57,128
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $193,225$169,397
I-18 Total expensesPrior year $319,287$226,525
I-19 Revenue less expensesPrior year −$19,916−$9,194
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $217,331 across 5 lines filed
VIII-1f All other contributions, gifts and grants$156,874
VIII-1h Total contributions, gifts and grants$156,874
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,337$60,337
VIII-3 Investment incomeExcluded from tax $120$120
VIII-12 Total revenueRelated to mission $60,337 · Unrelated business $0 · Excluded from tax $120$217,331
Part IX · Statement of functional expenses $226,525 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $18,720 · Management $3,744 · Fundraising $14,976$37,440
IX-7 Other salaries and wagesPrograms $9,346 · Management $3,115 · Fundraising $3,115$15,576
IX-10 Payroll taxesPrograms $2,177 · Management $532 · Fundraising $1,403$4,112
IX-11c Accounting feesManagement $17,327$17,327
IX-11g Other fees for servicesPrograms $1,660 · Management $50,278$51,938
IX-12 Advertising and promotionManagement $2,521$2,521
IX-13 Office expensesPrograms $107 · Management $219$326
IX-14 Information technologyManagement $2,514$2,514
IX-17 TravelManagement $5,398$5,398
IX-19 Conferences, conventions and meetingsPrograms $73,927 · Management $540$74,467
IX-23 InsuranceManagement $1,806$1,806
IX-24 Other expenses (24a–d)Programs $2,555 · Management $4,238 · Fundraising $5,579$12,372
IX-24e All other expensesPrograms $289 · Management $439$728
IX-25 Total functional expensesPrograms $108,781 · Management $92,671 · Fundraising $25,073$226,525
Part X · Balance sheet $38,115 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $41,625$31,214
X-2 Savings and temporary cash investmentsStart of year $5,985$4,401
X-3 Pledges and grants receivable$2,500
X-16 Total assetsStart of year $47,610$38,115
X-17 Accounts payable and accrued expensesStart of year $2,516$2,215
X-26 Total liabilitiesStart of year $2,516$2,215
X-27 Net assets without donor restrictionsStart of year $45,094$35,900
X-32 Total net assets or fund balancesStart of year $45,094$35,900
X-33 Total liabilities and net assetsStart of year $47,610$38,115
Part XI · Reconciliation of net assets $35,900 net assets at year end
XI-1 Total revenue$217,331
XI-2 Total expenses$226,525
XI-3 Revenue less expenses−$9,194
XI-4 Net assets at start of year$45,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$35,900

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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