Tie INC FY2021 filing

Not tax-deductible

Santa Clara, CA501(c)(6)Community DevelopmentEIN 77-0595432

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

88¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
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
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$44K
9% of total assets
Looks good: liabilities are 9% 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
$1.2M
+135% vs prior year
Spent
$1.1M
To programs
88%
Net assets
$437K
By yearFY2020–FY2024
Revenue
$1.2M
FY2021▲ +135%
Revenue by fiscal year
FY2020$531K
FY2021$1.2M
FY2022$1.5M
FY2023$1.5M
FY2024$1.5M
Expenses
$1.1M
FY2021▲ +166%
Expenses by fiscal year
FY2020$422K
FY2021$1.1M
FY2022$1.5M
FY2023$1.3M
FY2024$1.4M
Net assets
$437K
FY2021▲ +77%
Net assets by fiscal year
FY2020$247K
FY2021$437K
FY2022$401K
FY2023$514K
FY2024$637K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Apr 2005.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $985K Management & general 12% · $139K

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

13 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir
$140,000Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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.

Provided by the organization

This section is blank until Tie INC claims this page.

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1 program service account for $985K of program spending, described in the organization's own filed words · FY2021.
01

A nonprofit venture devoted to entrepreneurs in all industries, at all

$985Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$703K
Fees for servicesLn 2g$545K
Investment incomeLn 3$18
Money outPt IX
$1.1M
Ln 25
Programscol B$985K
Managementcol C$139K
Owns and owesPt X
$437K
net assets · Ln 32
Cash and savingsLn 1–2$235K
Total assetsLn 16$481K
LiabilitiesLn 26$44K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$703K
Fees for servicesLn 2g$545K
Investment incomeLn 3$18
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$144K
SavingsLn 2$91K
Cash and savings togetherLn 1–2$235K
Total assetsLn 16$481K
LiabilitiesLn 26$44K
Net assetsLn 32$437K
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 FY21End FY21
Cash and savingsLn 1–2$256K$235K
Total assetsLn 16$313K$481K
LiabilitiesLn 26$66K$44K
Net assetsLn 32$247K$437K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$140K$70K$70K
Other salaries and wagesLn 7$115K$87K$29K
Other employee benefitsLn 9$23K$11K$11K
Payroll taxesLn 10$21K$10K$10K
Management feesLn 11a$32K$32K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$43K$43K
Office expensesLn 13$29K$14K$14K
TravelLn 17$27K$27K
Conferences, conventions and meetingsLn 19$570K$570K
Depreciation, depletion and amortizationLn 22$1K$1K
Other expenses (24a–d)Ln 24$118K$118K
Total functional expensesLn 25$1.1M$985K$139K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,247,178 across 7 lines filed
VIII-1b Membership dues$303,031
VIII-1f All other contributions, gifts and grants$399,500
VIII-1h Total contributions, gifts and grants$702,531
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $544,629$544,629
VIII-3 Investment incomeUnrelated business $18$18
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $544,629 · Unrelated business $18$1,247,178
Part IX · Statement of functional expenses $1,123,921 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $70,000 · Management $70,000$140,000
IX-7 Other salaries and wagesPrograms $86,606 · Management $28,869$115,475
IX-9 Other employee benefitsPrograms $11,448 · Management $11,448$22,896
IX-10 Payroll taxesPrograms $10,275 · Management $10,275$20,550
IX-11a Management feesPrograms $32,328$32,328
IX-11b Legal feesManagement $2,884$2,884
IX-11c Accounting feesPrograms $1,600$1,600
IX-12 Advertising and promotionPrograms $43,322$43,322
IX-13 Office expensesPrograms $14,357 · Management $14,356$28,713
IX-17 TravelPrograms $27,253$27,253
IX-19 Conferences, conventions and meetingsPrograms $570,061$570,061
IX-22 Depreciation, depletion and amortizationManagement $1,029$1,029
IX-24 Other expenses (24a–d)Programs $117,810$117,810
IX-25 Total functional expensesPrograms $985,060 · Management $138,861 · Fundraising $0$1,123,921
Part X · Balance sheet $480,884 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $164,869$143,705
X-2 Savings and temporary cash investmentsStart of year $90,893$90,911
X-3 Pledges and grants receivableStart of year $56,044$109,403
X-4 Accounts receivable$136,865
X-16 Total assetsStart of year $312,835$480,884
X-17 Accounts payable and accrued expensesStart of year $300$600
X-24 Unsecured notes and loans payableStart of year $38,417$43,750
X-26 Total liabilitiesStart of year $65,809$44,350
X-32 Total net assets or fund balancesStart of year $247,026$436,534
X-33 Total liabilities and net assetsStart of year $312,835$480,884
Part XI · Reconciliation of net assets $436,534 net assets at year end
XI-1 Total revenue$1,247,178
XI-2 Total expenses$1,123,921
XI-3 Revenue less expenses$123,257
XI-4 Net assets at start of year$247,026
XI-8 Prior period adjustments$27,834
XI-9 Other changes in net assets$38,417
XI-10 Net assets at end of year$436,534

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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