Accord Network FY2020 filing

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EIN 52-1130135 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$356K
FY2020
Expenses
$299K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Empowers Christian relief and development groups to achieve their missions. For fiscal year 2020 it reported $356K in revenue, $299K in expenses, and $179K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Washington, DC
Website
www.accordnetwork.org
Filings
5 on file (2020–2020)
Revenue
$356KFY2020
Expenses
$299K
Net assets
$179K
People
12
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Provided by the organization

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Size
$100K–1M
What they do
Empowers Christian relief and development groups to achieve their missions.
Leadership
Chad Hayward · Executive Director · $128K
Money in and out
$356K revenue, $299K expenses
Bottom line
88% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Edward Jones Foundation

1 distinct foundation funder(s) on file, $200 received in the most recent year with grants. See detail →

How is the money spent?

GOOD

88% to programs

88% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Where the money goes · FY2020
Total revenue
$356K
Pt VIII · Ln 12
Total expenses
$299K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $56K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.11 Fundraising $0.01
Program efficiency
88%
of spending reaches programs
Operating runway
9.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$243K
FY2020
Total liabilities
$65K
FY2020
Revenue less expensesPt I · Ln 19$56K
Total assetsPt X · Ln 16$243K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAccord Network
EINHdr · item D52-1130135
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.accordnetwork.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$127,705Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Chad Hayward—$195,003$135,901$130,455$127,705
Michael Cerna$130,227————

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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Mission & Programs · Part III

Where the work happens

3 program services account for $262K of program spending, described in the organization's own filed words · FY2020.
01

Provided an online information source for members to post and gather information related to their exempt purposes. Organized and hosted occasional conference calls with experts who can share information related to the exempt purposes of member organizations.

$233Kprogram expense
02

Conducted Executive Retreats to help Accord CEO's discuss solutions to their biggest challenges in a collaborative environment.

$20Kprogram expense
03

Organized annual conference bringing Christ-centered organizations together to support and enhance their capacity to fulfill their missions.

$10Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$278K · 78%
Contributions & grants$77K · 22%
Program service revenue78%$278K
Contributions & grants22%$77K
Investment income$624
Total revenueLn 12$356K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.11 Fundraising $0.01
Program services88%$262K
Management & general11%$34K
Fundraising1%$3K
Total functional expensesLn 25$299K

Balance Sheet

Part X · end of year
CashLn 1$241K
Total assetsLn 16$243K
Total liabilitiesLn 26$65K
Total net assetsLn 32$179K
Months of cash on handcomputed9.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $241K · Operating expenses/yr $299K
9.7 months
Where the money goes
Program services
Program services $262K · Total expenses $299K
88%
Management & General
Management & general $34K · Total expenses $299K
11%
Fundraising
Fundraising $3K · Total expenses $299K
1.0%
Cost to raise $1
Fundraising expense $3K · Solicited contributions $77K
$0.04 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $77K · Total revenue $356K
22%
Government reliance
Government grants — · Total revenue $356K
—
Earned-income share
Program service revenue $278K · Total revenue $356K
78%
Investment reliance
Investment income $624 · Total revenue $356K
+0.2%
Program self-sufficiency
Program service revenue $278K · Total expenses $299K
93%
Growth & trend
Revenue growth (YoY)
This year $356K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $179K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $356K · Expenses $299K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $243K
—
Net-asset ratio
Net assets $179K · Total assets $243K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $243K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chad Hayward · Reported title Executive Director · Highest reported compensation $128K · Total expenses $299K
43%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $156K · Total expenses $299K
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 11%——
Fundraising cost ratio 4%——
Accounting fee ratio 0.4%——

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$200
Grants paid · 2 grants · $12K · 2020–2020
Tearfund USA INCMD · FY2020$5,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$619K revenue · ⤓ 990 PDF
FY2023$489K revenue · ⤓ 990 PDF
FY2022$599K revenue · ⤓ 990 PDF
FY2021$380K revenue · ⤓ 990 PDF
FY2020$356K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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