Accord Network FY2022 filing

Public charity (501(c)(3)) Washington, DC EIN 52-1130135
Revenue
$599K
▲ +58%
FY2022 · Pt VIII · Ln 12
Expenses
$464K
▲ +44%
FY2022 · Pt IX · Ln 25
Net assets
$370K
FY2022 · Pt X · Ln 32
To programs
88%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$599K
FY2022▲ +58%
Expenses
$464K
FY2022▲ +44%

Empowers Christian relief and development groups to achieve their missions.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Edward Jones Foundation
$200 in the latest grant year. Details →
Spent on programs?
88% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↑ +58% vs prior year Details →

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


Empowers Christian relief and development groups to achieve their missions.

Type
Public charity (501(c)(3)) · Nonprofit
Location
Washington, DC
Website
www.accordnetwork.org
Filings
5 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2022
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
10.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$409K
FY2022▲ +50%
Total liabilities
$38K
FY2022▲ +5%
Revenue less expensesPt I · Ln 19$134K
Total assetsPt X · Ln 16$409K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

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 1a12
Independent voting membersPt VI · Ln 1b12
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
President
$135,901Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 $409K of program spending, described in the organization's own filed words · FY2022.
01

Member Services

The Organization provides an online information source for members to post and gather information related to their exempt purposes. In addition, the Organization holds conference calls with experts who can share information related to the exempt purposes of member organizations.

$328Kprogram expense
02

Conference

The Organization hosts an annual conference bringing Christ-centered organizations together to support and enhance their capacity to fulfill their missions.

$50Kprogram expense
03

Executive Retreats

The Organization hosts executive retreats where leaders of the member organizations discuss solutions to their biggest challenges in a collaborative environment.

$30Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$395K · 66%
Contributions & grants$202K · 34%
Program service revenue66%$395K
Contributions & grants34%$202K
Investment income$933
Other revenue$1K
Total revenueLn 12$599K

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%$409K
Management & general11%$52K
Fundraising1%$4K
Total functional expensesLn 25$464K

Balance Sheet

Part X · end of year
CashLn 1$392K
Total assetsLn 16$409K
Total liabilitiesLn 26$38K
Total net assetsLn 32$370K
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $392K · Operating expenses/yr $464K
10.1 months
Where the money goes
Program services
Program services $409K · Total expenses $464K
88%
Management & General
Management & general $52K · Total expenses $464K
11%
Fundraising
Fundraising $4K · Total expenses $464K
0.8%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $93K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $202K · Total revenue $599K
34%
Government reliance
Government grants — · Total revenue $599K
—
Earned-income share
Program service revenue $395K · Total revenue $599K
66%
Investment reliance
Investment income $933 · Total revenue $599K
+0.2%
Program self-sufficiency
Program service revenue $395K · Total expenses $464K
85%
Growth & trend
Revenue growth (YoY)
This year $599K · Prior year $380K
+58%
Net-asset trend (YoY)
End of year $370K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $599K · Expenses $464K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $409K
—
Net-asset ratio
Net assets $370K · Total assets $409K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $409K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chad Hayward · Reported title President · Highest reported compensation $136K · Total expenses $464K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $194K · Total expenses $464K
42%
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 2%——
Revenue growth 58%——
Accounting fee ratio 2%——

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 · viewing · ⤓ 990 PDF
FY2021$380K revenue · ⤓ 990 PDF
FY2020$356K revenue · ⤓ 990 PDF

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Sources

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