Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
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
12 people listed on the 990; $62K paid to officers and key staff.
Megan McNally’s $62K as Executive Director is at the 8th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Megan McNally | $62,080 | $47,848 | $42,311 | $37,199 | $25,242 |
| Russ Reinagel | — | — | $21,346 | $2,480 | $3,181 |
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 15aNo
Programs and updates
Helps people grow through hands-on learning, starting businesses, and exploring new opportunities.
Questions for Net Positive INC
Your first name shows with your question. Net Positive INC answers here, for everyone.
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Business Support This past year, The Foundry supported 25 businesses through affordable on-site incubation space paired with mentoring, business workshops, and connections to local support services.
Youth Education & Workforce Development The Foundry advances education, empowerment, and employment by serving an average of 200 youth annually from K12 students to out-of-school emerging adults up to age 24.
Makerspace Access The Foundry provides broad community access to fabrication tools and hands-on learning through adult workshops in our wood, metal, textile, and technology labs. These classes allow adults to build new skills, prototype ideas, and complete personal or professional projects in a supported environment.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $590K | $965K |
| Land, buildings, equipmentLn 10c | $353K | $332K |
| Total assetsLn 16 | $1.1M | $1.5M |
| LiabilitiesLn 26 | $242K | $410K |
| Net assetsLn 32 | $861K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $326K | $326K | ||
| Pay of current officers, directors and key staffLn 5 | $62K | $38K | $20K | $4K |
| Other salaries and wagesLn 7 | $344K | $344K | ||
| Other employee benefitsLn 9 | $12K | $11K | $599 | $120 |
| Payroll taxesLn 10 | $39K | $37K | $2K | $327 |
| Accounting feesLn 11c | $23K | $16K | $8K | |
| Other fees for servicesLn 11g | $121K | $111K | $10K | |
| Advertising and promotionLn 12 | $2K | $2K | $110 | |
| Office expensesLn 13 | $4K | $3K | $185 | |
| Information technologyLn 14 | $6K | $5K | $342 | |
| OccupancyLn 16 | $34K | $31K | $3K | |
| Conferences, conventions and meetingsLn 19 | $7K | $6K | $335 | $70 |
| InterestLn 20 | $11K | $10K | $1K | |
| Depreciation, depletion and amortizationLn 22 | $23K | $21K | $2K | |
| InsuranceLn 23 | $13K | $12K | $1K | $15 |
| Other expenses (24a–d)Ln 24 | $63K | $62K | $541 | $46 |
| All other expensesLn 24e | $6K | $6K | $352 | |
| Total functional expensesLn 25 | $1.1M | $1.0M | $40K | $15K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.3M | $1.1M | $198K | $1.1M | 990 PDF |
| FY2023 | $913K | $532K | $381K | $861K | 990 PDF |
| FY2022 | $415K | $435K | −$21K | $461K | 990 PDF |
| FY2021 | $474K | $348K | $127K | $482K | 990 PDF |
| FY2020 | $342K | $278K | $64K | $350K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,292,833 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $1,292,833 across 6 lines filed
Part IX · Statement of functional expenses $1,095,126 across 17 lines filed
Part X · Balance sheet $1,498,548 assets, 16 lines filed
Part XI · Reconciliation of net assets $1,088,136 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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