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.
81¢ 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

FY2023 · 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
81%
of spending
Looks good: 81% 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 · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 10.4 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
$1K
0.7% of total assets
Looks good: liabilities are 1% 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
$234K
+53% vs prior year
Spent
$158K
To programs
81%
Net assets
$147K
By yearFY2020–FY2024
Revenue
$234K
FY2023▲ +53%
Tap a bar for its year
Revenue by fiscal year
FY2020$110K
FY2021$149K
FY2022$153K
FY2023$234K
FY2024$308K
Expenses
$158K
FY2023
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
$147K
FY2023▲ +108%
Tap a bar for its year
Net assets by fiscal year
FY2020$44K
FY2021$86K
FY2022$70K
FY2023$147K
FY2024$240K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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 Jul 2016.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $128K Management & general 19% · $29K

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

7 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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Parliamentarian Board Memb
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board President
$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 · $128K · in their own filed words · FY2023
01

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

$128Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Gifts and grantsLn 1h$129K
Fees for servicesLn 2g$105K
Investment incomeLn 3$114
Money outPt IX
$158K
Ln 25
Programscol B$128K
Managementcol C$29K
Owns and owesPt X
$147K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$148K
LiabilitiesLn 26$1K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Fees for servicesLn 2g$105K
Investment incomeLn 3$114
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$136K
Cash and savings togetherLn 1–2$136K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$148K
LiabilitiesLn 26$1K
Net assetsLn 32$147K
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 FY23End FY23
Cash and savingsLn 1–2$66K$136K
Land, buildings, equipmentLn 10c$8K$12K
Total assetsLn 16$75K$148K
LiabilitiesLn 26$4K$1K
Net assetsLn 32$70K$147K
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$28K$28K
Other employee benefitsLn 9$870$870
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$21$21
Information technologyLn 14$584$584
OccupancyLn 16$18K$18K
TravelLn 17$39$39
Conferences, conventions and meetingsLn 19$17K$17K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$958$958
Other expenses (24a–d)Ln 24$44K$19K$26K
All other expensesLn 24e$3K$3K$83
Total functional expensesLn 25$158K$128K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $308K$214K$93K$240K 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $234,008 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$128,547
I-9 Program service revenuePrior year $0$105,347
I-10 Investment incomePrior year $0$114
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$234,008
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 $0$65,083
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$92,650
I-18 Total expensesPrior year $0$157,733
I-19 Revenue less expensesPrior year $0$76,275
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 $234,008 across 5 lines filed
VIII-1f All other contributions, gifts and grants$128,547
VIII-1h Total contributions, gifts and grants$128,547
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $105,347$105,347
VIII-3 Investment incomeRelated to mission $114$114
VIII-12 Total revenueRelated to mission $105,461 · Unrelated business $0 · Excluded from tax $0$234,008
Part IX · Statement of functional expenses $157,733 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,200$31,200
IX-7 Other salaries and wagesPrograms $27,669$27,669
IX-9 Other employee benefitsPrograms $870$870
IX-10 Payroll taxesPrograms $5,344$5,344
IX-11c Accounting feesManagement $3,695$3,695
IX-11g Other fees for servicesPrograms $1,340$1,340
IX-12 Advertising and promotionPrograms $2,125$2,125
IX-13 Office expensesManagement $21$21
IX-14 Information technologyPrograms $584$584
IX-16 OccupancyPrograms $18,017$18,017
IX-17 TravelPrograms $39$39
IX-19 Conferences, conventions and meetingsPrograms $16,805$16,805
IX-22 Depreciation, depletion and amortizationPrograms $1,965$1,965
IX-23 InsurancePrograms $958$958
IX-24 Other expenses (24a–d)Programs $18,873 · Management $25,557$44,430
IX-24e All other expensesPrograms $2,588 · Management $83$2,671
IX-25 Total functional expensesPrograms $128,377 · Management $29,356 · Fundraising $0$157,733
Part X · Balance sheet $147,603 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $66,340$136,063
X-10c Land, buildings and equipment, netStart of year $8,487$11,540
X-16 Total assetsStart of year $74,827$147,603
X-25 Other liabilitiesStart of year $4,448$1,025
X-26 Total liabilitiesStart of year $4,448$1,025
X-27 Net assets without donor restrictionsStart of year $70,379$146,578
X-32 Total net assets or fund balancesStart of year $70,379$146,578
X-33 Total liabilities and net assetsStart of year $74,827$147,603
Part XI · Reconciliation of net assets $146,578 net assets at year end
XI-1 Total revenue$234,008
XI-2 Total expenses$157,733
XI-3 Revenue less expenses$76,275
XI-4 Net assets at start of year$70,379
XI-9 Other changes in net assets−$76
XI-10 Net assets at end of year$146,578

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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