The mission of the Net Resource Foundation is to challenge systemic issues through mentorship and community-building programs in the south chattanooga community.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$31K 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)(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
2 of 2
filings with a surplus
Average surplus $85K a year · 31% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$31K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
+32% vs prior year
Spent
$214K
To programs
96%
Net assets
$240K
By yearFY2020–FY2024
Revenue
$308K
FY2024▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$110K
FY2021$149K
FY2022$153K
FY2023$234K
FY2024$308K
Expenses
$214K
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$158K
FY2024$214K
Net assets
$240K
FY2024▲ +64%
Tap a bar for its year
Net assets by fiscal year
FY2020$44K
FY2021$86K
FY2022$70K
FY2023$147K
FY2024$240K

From the FY2024 Form 990 · see the original

990 PDF Claim

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

96 cents of each dollar spent went to programs.

Program services 96% · $205K Management & general 4% · $9K

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

8 people listed on the 990; $31K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$31,200Pt VII · Sec A
Parliamentarian Board Memb
$0Pt VII · Sec A
V-Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A

Raquetta Dotley’s $31K as Executive Director is at the 19th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 1 named individual · Part VII

NameFY2024FY2023
Raquetta Dotley$31,200$31,200

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

Programs and updates

Challenges systemic issues by mentoring and building community in South Chattanooga.

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Provided by the organization

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1 program · $205K · in their own filed words · FY2024
01

The mission of the net resource foundation is to challenge systemic issues through mentorship and community-building programs in the south chattanooga community.

$205Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$308K
Ln 12
Gifts and grantsLn 1h$294K
Fees for servicesLn 2g$14K
Investment incomeLn 3$182
Money outPt IX
$214K
Ln 25
Programscol B$205K
Managementcol C$9K
Owns and owesPt X
$240K
net assets · Ln 32
Cash and savingsLn 1–2$202K
Total assetsLn 16$240K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$294K
Fees for servicesLn 2g$14K
Investment incomeLn 3$182
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$202K
Cash and savings togetherLn 1–2$202K
Land, buildings, equipmentLn 10c$38K
Total assetsLn 16$240K
LiabilitiesLn 26$0
Net assetsLn 32$240K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
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$136K$202K
Land, buildings, equipmentLn 10c$12K$38K
Total assetsLn 16$148K$240K
LiabilitiesLn 26$1K$0
Net assetsLn 32$147K$240K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$31K$31K
Other salaries and wagesLn 7$31K$31K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$6K$6K$647
Advertising and promotionLn 12$7K$7K
OccupancyLn 16$40K$40K
Depreciation, depletion and amortizationLn 22$4K$4K
Other expenses (24a–d)Ln 24$69K$69K
All other expensesLn 24e$15K$12K$3K
Total functional expensesLn 25$214K$205K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $308K$214K$93K$240K 990 PDF
FY2023 $234K$158K$76K$147K 990 PDF
FY2022 $153K$70K 990 PDF
FY2021 $149K$86K 990 PDF
FY2020 $110K$44K 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 FY2024 990 (6 parts)
Part I · Summary $307,721 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $128,547$293,594
I-9 Program service revenuePrior year $105,347$13,945
I-10 Investment incomePrior year $114$182
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $234,008$307,721
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $65,083$67,385
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $92,650$147,104
I-18 Total expensesPrior year $157,733$214,489
I-19 Revenue less expensesPrior year $76,275$93,232
Part VI · Governance 3 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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 $307,721 across 5 lines filed
VIII-1f All other contributions, gifts and grants$293,594
VIII-1h Total contributions, gifts and grants$293,594
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,945$13,945
VIII-3 Investment incomeRelated to mission $182$182
VIII-12 Total revenueRelated to mission $14,127 · Unrelated business $0 · Excluded from tax $0$307,721
Part IX · Statement of functional expenses $214,489 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,200$31,200
IX-7 Other salaries and wagesPrograms $30,613$30,613
IX-10 Payroll taxesPrograms $5,572$5,572
IX-11c Accounting feesManagement $4,948$4,948
IX-11g Other fees for servicesPrograms $5,520 · Management $647$6,167
IX-12 Advertising and promotionPrograms $7,356$7,356
IX-16 OccupancyPrograms $40,248$40,248
IX-22 Depreciation, depletion and amortizationPrograms $3,601$3,601
IX-24 Other expenses (24a–d)Programs $69,311$69,311
IX-24e All other expensesPrograms $11,983 · Management $3,490$15,473
IX-25 Total functional expensesPrograms $205,404 · Management $9,085 · Fundraising $0$214,489
Part X · Balance sheet $239,811 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $136,063$202,225
X-10c Land, buildings and equipment, netStart of year $11,540$37,586
X-16 Total assetsStart of year $147,603$239,811
X-26 Total liabilitiesStart of year $1,025$0
X-27 Net assets without donor restrictionsStart of year $146,578$107,005
X-28 Net assets with donor restrictions$132,806
X-32 Total net assets or fund balancesStart of year $146,578$239,811
X-33 Total liabilities and net assetsStart of year $147,603$239,811
Part XI · Reconciliation of net assets $239,811 net assets at year end
XI-1 Total revenue$307,721
XI-2 Total expenses$214,489
XI-3 Revenue less expenses$93,232
XI-4 Net assets at start of year$146,578
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$239,811

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

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