To foster and advance entrepreneurship through mentoring,networking and education and is not limited to any industry region or ethnicity

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
45¢ of each $1 spent went to programs.
$170K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 5
filings with a surplus
Average surplus $104K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$170K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$67K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+2% vs prior year
Spent
$1.4M
To programs
45%
Net assets
$637K
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$531K
FY2021$1.2M
FY2022$1.5M
FY2023$1.5M
FY2024$1.5M
Expenses
$1.4M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$422K
FY2021$1.1M
FY2022$1.5M
FY2023$1.3M
FY2024$1.4M
Net assets
$637K
FY2024▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$247K
FY2021$437K
FY2022$401K
FY2023$514K
FY2024$637K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2005.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $619K Management & general 55% · $750K

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; $170K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir
$170,000Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Vijay Menon’s $170K as Executive Dir is at the 55th percentile of top reported officer pay among 2832 $1–10M community development 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

NameFY2024FY2023FY2022FY2021FY2020
Vijay Menon$170,000$154,000$147,345$140,000$134,167
Mohini——$2,917——

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 Tie INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers entrepreneurs through mentoring, networking, and education across all industries and backgrounds.

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Provided by the organization

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3 programs · $668K · in their own filed words · FY2024
01

Chartered Member event for networking, mentoring and investing in

$573Kprogram expense
02

TiEWomen event is focused on the active learning workshops to give

$56Kprogram expense
03

Program designed to fast-track collegiate entrepreneurs innovative

$40Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$849K
Fees for servicesLn 2g$632K
Investment incomeLn 3$10K
Money outPt IX
$1.4M
Ln 25
Programscol B$619K
Managementcol C$750K
Owns and owesPt X
$637K
net assets · Ln 32
Cash and savingsLn 1–2$456K
Total assetsLn 16$704K
LiabilitiesLn 26$67K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$849K
Fees for servicesLn 2g$632K
Investment incomeLn 3$10K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$223K
SavingsLn 2$233K
Cash and savings togetherLn 1–2$456K
Other assetsLn 15$158K
Total assetsLn 16$704K
LiabilitiesLn 26$67K
Net assetsLn 32$637K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$403K$456K
Total assetsLn 16$574K$704K
LiabilitiesLn 26$61K$67K
Net assetsLn 32$514K$637K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$170K$85K$85K
Other employee benefitsLn 9$24K$12K$12K
Payroll taxesLn 10$13K$7K$7K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$117K$117K
Office expensesLn 13$9K$4K$4K
Information technologyLn 14$100K$50K$50K
TravelLn 17$146K$73K$73K
InterestLn 20$3K$3K
Other expenses (24a–d)Ln 24$714K$345K$369K
All other expensesLn 24e$60K$30K$30K
Total functional expensesLn 25$1.4M$619K$750K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.5M$1.4M$123K$637K 990 PDF
FY2023 $1.5M$1.3M$113K$514K 990 PDF
FY2022 $1.5M$1.5M$51K$401K 990 PDF
FY2021 $1.2M$1.1M$123K$437K 990 PDF
FY2020 $531K$422K$110K$247K 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 J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,491,715 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $897,733$849,479
I-9 Program service revenuePrior year $557,180$631,952
I-10 Investment incomePrior year $3,929$10,284
I-11 Other revenue$0
I-12 Total revenuePrior year $1,458,842$1,491,715
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $184,672$207,468
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,161,339$1,161,212
I-18 Total expensesPrior year $1,346,011$1,368,680
I-19 Revenue less expensesPrior year $112,831$123,035
Part VI · Governance 0 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,491,715 across 7 lines filed
VIII-1b Membership dues$552,259
VIII-1f All other contributions, gifts and grants$297,220
VIII-1h Total contributions, gifts and grants$849,479
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $631,952$631,952
VIII-3 Investment incomeRelated to mission $10,284$10,284
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $642,236$1,491,715
Part IX · Statement of functional expenses $1,368,680 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $85,000 · Management $85,000$170,000
IX-9 Other employee benefitsPrograms $12,198 · Management $12,198$24,396
IX-10 Payroll taxesPrograms $6,536 · Management $6,536$13,072
IX-11c Accounting feesPrograms $12,680$12,680
IX-12 Advertising and promotionManagement $116,812$116,812
IX-13 Office expensesPrograms $4,489 · Management $4,488$8,977
IX-14 Information technologyPrograms $50,165 · Management $50,165$100,330
IX-17 TravelPrograms $72,979 · Management $72,979$145,958
IX-20 InterestManagement $2,819$2,819
IX-24 Other expenses (24a–d)Programs $344,659 · Management $369,285$713,944
IX-24e All other expensesPrograms $29,846 · Management $29,846$59,692
IX-25 Total functional expensesPrograms $618,552 · Management $750,128 · Fundraising $0$1,368,680
Part X · Balance sheet $704,394 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $373,343$223,282
X-2 Savings and temporary cash investmentsStart of year $29,858$232,885
X-3 Pledges and grants receivableStart of year $59,812$77,868
X-14 Intangible assets$12,211
X-15 Other assetsStart of year $111,486$158,148
X-16 Total assetsStart of year $574,499$704,394
X-17 Accounts payable and accrued expensesStart of year $31,711$12,762
X-25 Other liabilitiesStart of year $28,812$54,621
X-26 Total liabilitiesStart of year $60,523$67,383
X-32 Total net assets or fund balancesStart of year $513,976$637,011
X-33 Total liabilities and net assetsStart of year $574,499$704,394
Part XI · Reconciliation of net assets $637,011 net assets at year end
XI-1 Total revenue$1,491,715
XI-2 Total expenses$1,368,680
XI-3 Revenue less expenses$123,035
XI-4 Net assets at start of year$513,976
XI-10 Net assets at end of year$637,011

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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