The Heads Network INC FY2022 filing

Oak Park, IL · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2022
Revenue
$435K
▲ +63% vs prior year
Spent
$332K
To programs
79%
Net assets
$518K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2022 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
79% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +63% vs prior year
Legal name (IRS)Hdr · item CThe Heads Network INC
EINHdr · item D46-3524581
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2014
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item COak Park, IL
NTEE classificationIRS BMFEducation (B03)
WebsiteHdr · item Jwww.headsnetwork.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$261K
Management & general21%$71K
Total functional expensesLn 25$332K

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$435K
FY2022▲ +63%
Expenses
$332K
FY2022▲ +65%
Program efficiency
79%
of spending reaches programs
Operating runway
19.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$550K
FY2022▲ +7%
Total liabilities
$32K
FY2022▲ +124%
Revenue less expensesPt I · Ln 19$102K
Total assetsPt X · Ln 16$550K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Balance Sheet

Part X · end of year
CashLn 1$172K
Total assetsLn 16$550K
Total liabilitiesLn 26$32K
Total net assetsLn 32$518K
Months of cash on handcomputed6.2

Statement of Revenue

Part VIII
Program service revenue$232K · 53%
Contributions & grants$172K · 40%
Investment income$30K · 7%
Program service revenue53%$232K
Contributions & grants40%$172K
Investment income7%$30K
Total revenueLn 12$435K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $525K · Operating expenses/yr $332K
19.0 months
Where the money goes
Program services
Program services $261K · Total expenses $332K
79%
Management & General
Management & general $71K · Total expenses $332K
21%
Fundraising
Fundraising $0 · Total expenses $332K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $133K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $172K · Total revenue $435K
40%
Government reliance
Government grants — · Total revenue $435K
—
Earned-income share
Program service revenue $232K · Total revenue $435K
53%
Investment reliance
Investment income $30K · Total revenue $435K
+7%
Program self-sufficiency
Program service revenue $232K · Total expenses $332K
70%
Growth & trend
Revenue growth (YoY)
This year $435K · Prior year $266K
+63%
Net-asset trend (YoY)
End of year $518K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $435K · Expenses $332K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $550K
—
Net-asset ratio
Net assets $518K · Total assets $550K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $353K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $550K
64%
People & payroll
Highest Reported Total Compensation
Individual Margaret Wade · Reported title EXECUTIVE DI · Highest reported compensation $126K · Total expenses $332K
38%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $136K · Total expenses $332K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 21%——
Fundraising cost ratio 0%——
Revenue growth 63%——
Legal fee ratio 0.8%——
Accounting fee ratio 4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$126,018Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
VP Area I
$0Pt VII · Sec A
VP Area II
$0Pt VII · Sec A
VP Area III
$0Pt VII · Sec A
VP Area V
$0Pt VII · Sec A

Jennifer Evers’s $140K as Executive Dir. is at the 94th percentile of top reported officer pay among 1613 $100K–1M education 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jennifer Evers$140,000$142,500$89,333———
Margaret Wade——$44,000$126,018$129,313$123,325

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.

See The Heads Network INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Connects and supports leaders of girls' schools to advance women's leadership through collaboration and professional development.

Provided by the organization

This section is blank until The Heads Network INC claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $261K of program spending, described in the organization's own filed words · FY2021.
01

Annual meeting in a unique venue and women's leadership seminars programs were virtual rather than in person due to covid.

$261Kprogram expense

Run this program? Claim this org to tell your story

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $659K$480K+22% 990 PDF
FY2024 $540K$458K+14% 990 PDF
FY2023 $475K$459K+9% 990 PDF
FY2022 Viewing $435K$332K+63% 990 PDF
FY2021 $266K$201K-18% 990 PDF
FY2020 $325K$380K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like The Heads Network INC →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.