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501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$772K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
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 $206K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$772K
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
1 mo
of spending, in cash
Plus $1.9M in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $58K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$175K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 16 voting members
Worth a look: 4 of 16 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
Spent
$4.7M
To programs
51%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$4.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.5M
FY2021$4.6M
FY2022$2.2M
FY2023$902K
FY2024$1.0M
Expenses
$4.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.7M
FY2021$3.6M
FY2022$3.4M
FY2023$1.4M
FY2024$1.1M
Net assets
$2.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$3.7M
FY2022$2.6M
FY2023$2.1M
FY2024$1.9M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 ruling in Jul 2016.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $2.4M Management & general 14% · $644K Fundraising 35% · $1.7M

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

21 people listed on the 990; $772K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director, Naturally Network
$137,683Pt VII · Sec A
Director
$134,998Pt VII · Sec A
VP Marketing Brand and Operations
$126,529Pt VII · Sec A
Executive Director, Philanthropitch
$126,250Pt VII · Sec A
VP of Strategic Partnerships
$125,886Pt VII · Sec A
Executive Director, Beam Founders
$120,731Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Notley Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II5 listed

Programs and updates

Invests in and supports scalable nonprofits and social impact companies with tailored capital and coaching.

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Provided by the organization

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3 programs · $2.1M · in their own filed words · FY2020
01

Notley partners is a community of business leaders catalyzing impact and economic opportunity through social innovation. Partners connect with other socially conscious and connected leaders committed to using their company for good.

$1.7Mprogram expense
02

Notley tide supports central texas nonprofits focused on racial justice. It provides resources to expand and sustain cultural impact. Notley tide facilitates dei training and seeks to activate community members on their role in racial equity and justice.

$290Kprogram expense
03

The notley fellowship is a 2-YEAR program for purposeful leaders committed to taking on and learning more about challenges in the social sector. The notley fellowship is designed to prepare and engage our community's rising leaders in the for-profit sector to get involved and engaged with today's most pressing social issues.

$77Kprogram 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 · FY2023
Total grants receivedfrom 3 funders$58K
See all 3 funders →
Grants paid · 30 grants · $808K · 2020–2023
Individual RecipientFY2022$5,000
Seedling FoundationFY2022$1,350
Texas Advocacy Project INCTX · FY2022$1,200
PhilanthropitchTX · FY2021$100,000
Notley ImpactTX · FY2021$85,000
Beam Founders NetworkTX · FY2021$40,055
Individual RecipientFY2021$12,000
Seedling FoundationFY2021$2,000
Homefront FundTX · FY2020$115,000
PhilanthropitchTX · FY2020$55,000
University of Texas at AustinFY2020$40,900
See all 30 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$3.0M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$25K
Money outPt IX
$4.7M
Ln 25
Programscol B$2.4M
Managementcol C$644K
Fundraisingcol D$1.7M
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$397K
Total assetsLn 16$2.5M
LiabilitiesLn 26$175K
PeoplePt VI, VII
21
listed · VII A
PaidVII A6
Voting boardVI 1a16
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$242K
Noncash giftsLn 1g$6K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$25K
Gains on assetsLn 7−$145K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$352K
Cash and savings togetherLn 1–2$397K
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$170K
Total assetsLn 16$2.5M
LiabilitiesLn 26$175K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 542
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$528K$397K
InvestmentsLn 11–13$2.1M$1.9M
Land, buildings, equipmentLn 10c$6K$6K
Total assetsLn 16$2.7M$2.5M
LiabilitiesLn 26$404K$175K
Net assetsLn 32$2.3M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$595K$595K
Other salaries and wagesLn 7$2.0M$911K$202K$911K
Other employee benefitsLn 9$283K$127K$28K$127K
Payroll taxesLn 10$163K$73K$16K$73K
Management feesLn 11a$1.2M$525K$117K$525K
Legal feesLn 11b$58K$2K$56K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$103K$98K$5K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$93K$93K
Information technologyLn 14$572$572
OccupancyLn 16$38K$38K
TravelLn 17$444$444
Conferences, conventions and meetingsLn 19$24K$24K
InterestLn 20$36K$36K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$47K$14K$22K$11K
Total functional expensesLn 25$4.7M$2.4M$644K$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.1M−$120K$1.9M 990 PDF
FY2023 $902K$1.4M−$518K$2.1M 990 PDF
FY2022 $2.2M$3.4M−$1.2M$2.6M 990 PDF
FY2021 $4.6M$3.6M$1.1M$3.7M 990 PDF
FY2020 Viewing $4.5M$4.7M−$207K$2.4M 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 FY2020 990 (6 parts)
Part I · Summary $4,464,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $724,962$2,966,127
I-9 Program service revenuePrior year $515,464$1,677,231
I-10 Investment incomePrior year $93,151−$120,255
I-11 Other revenuePrior year −$361,360−$59,063
I-12 Total revenuePrior year $972,217$4,464,040
I-13 Grants and similar amounts paidPrior year $362,400$595,097
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,246,715$2,470,415
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,026,894$1,605,132
I-18 Total expensesPrior year $2,636,009$4,670,644
I-19 Revenue less expensesPrior year −$1,663,792−$206,604
Part VI · Governance 4 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
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 $4,464,040 across 9 lines filed
Lines not itemized here account for −$9,228 of total revenue; see the IRS return.
VIII-1e Government grants$241,925
VIII-1f All other contributions, gifts and grants$2,724,202
VIII-1g Noncash contributions (included above)$6,203
VIII-1h Total contributions, gifts and grants$2,966,127
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,677,231$1,677,231
VIII-3 Investment incomeExcluded from tax $25,170$25,170
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$145,425−$145,425
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $818 · Excluded from tax −$50,653−$49,835
VIII-12 Total revenueRelated to mission $1,668,821 · Unrelated business $0 · Excluded from tax −$170,908$4,464,040
Part IX · Statement of functional expenses $4,670,644 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $595,097$595,097
IX-7 Other salaries and wagesPrograms $911,003 · Management $202,442 · Fundraising $911,003$2,024,448
IX-9 Other employee benefitsPrograms $127,276 · Management $28,284 · Fundraising $127,276$282,836
IX-10 Payroll taxesPrograms $73,409 · Management $16,313 · Fundraising $73,409$163,131
IX-11a Management feesPrograms $525,282 · Management $116,729 · Fundraising $525,282$1,167,293
IX-11b Legal feesPrograms $2,014 · Management $56,238$58,252
IX-11c Accounting feesManagement $26,261$26,261
IX-11g Other fees for servicesPrograms $97,690 · Management $5,121$102,811
IX-12 Advertising and promotionFundraising $7,557$7,557
IX-13 Office expensesManagement $93,022$93,022
IX-14 Information technologyFundraising $572$572
IX-16 OccupancyManagement $38,034$38,034
IX-17 TravelPrograms $444$444
IX-19 Conferences, conventions and meetingsPrograms $24,482$24,482
IX-20 InterestManagement $35,506$35,506
IX-22 Depreciation, depletion and amortizationManagement $2,000$2,000
IX-23 InsuranceManagement $2,392$2,392
IX-24 Other expenses (24a–d)Programs $14,138 · Management $21,706 · Fundraising $10,662$46,506
IX-25 Total functional expensesPrograms $2,370,835 · Management $644,048 · Fundraising $1,655,761$4,670,644
Part X · Balance sheet $2,525,162 assets, 18 lines filed
Asset lines not itemized here account for $77,209; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$44,533
X-2 Savings and temporary cash investmentsStart of year $528,447$352,263
X-4 Accounts receivableStart of year $30,173$14,831
X-8 Inventories for sale or useStart of year $0$635
X-9 Prepaid expenses and deferred chargesStart of year $0$918
X-10c Land, buildings and equipment, netStart of year $5,605$5,725
X-11 Publicly traded securitiesStart of year $518,099$892,838
X-12 Other securitiesStart of year $1,578,972$966,360
X-15 Other assetsStart of year $22,553$169,850
X-16 Total assetsStart of year $2,701,003$2,525,162
X-17 Accounts payable and accrued expensesStart of year $38,463$50,634
X-18 Grants payableStart of year $105,000$116,760
X-19 Deferred revenueStart of year $125$4,280
X-25 Other liabilitiesStart of year $16,371$0
X-26 Total liabilitiesStart of year $404,128$174,774
X-27 Net assets without donor restrictionsStart of year $2,296,875$2,350,388
X-32 Total net assets or fund balancesStart of year $2,296,875$2,350,388
X-33 Total liabilities and net assetsStart of year $2,701,003$2,525,162
Part XI · Reconciliation of net assets $2,350,388 net assets at year end
XI-1 Total revenue$4,464,040
XI-2 Total expenses$4,670,644
XI-3 Revenue less expenses−$206,604
XI-4 Net assets at start of year$2,296,875
XI-5 Net unrealized gains (losses) on investments$312,140
XI-8 Prior period adjustments−$52,023
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,350,388

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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