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Tie Washington DC Chapter INC FY2020 filing

Herndon, VA501(c)(6)EIN 84-1701978Revenue $207K in FY2020

On file with the IRSdc.tie.org13655 Dulles Technology Dr Ste 240, 20171-4635 · Herndon, VATax-exempt since Aug 2020

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To promote entrepreneurship through events and memberships. It hosts and conducts events attended by entrepreneurs concerning entrepreneurship, mentoring programs and investments.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · 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
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
3 of 4
filings with a surplus
Average surplus $40K a year · 14% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
30 mo
of spending, in cash
Looks good: 30.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$207K
Spent
$99K
Net assets
$248K
By yearFY2020–FY2024
Revenue
$207K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$207K
FY2021$352K
FY2022$265K
FY2023$277K
FY2024$159K
Expenses
$99K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$99K
FY2021$274K
FY2022$299K
FY2023$270K
FY2024Not on file
Net assets
$248K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$248K
FY2021$325K
FY2022$291K
FY2023$298K
FY2024$216K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2020.

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

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Smita Siddhanti
Director & Past-President
$0Pt VII · Sec A
Mahesh Joshi
Director
$0Pt VII · Sec A
Raj Patil
Director
$0Pt VII · Sec A
Ravi Puli
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Emery
Director
$0Pt VII · Sec A
Ashoka Tankala
Board Advisor
$0Pt VII · Sec A
Sundi Natarajan
Director & President-Elect
$0Pt VII · Sec A
See Tie Washington DC Chapter 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

Promotes entrepreneurship via events, memberships, mentoring, and investment opportunities.

Questions for Tie Washington DC Chapter INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Mentoring

TiE is known for mentoring education and networking to help entrepreneurs and those starting new business. Every day, someone is mentored with the TiE ecosystem and guided towards the right path to achieve great heights.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$207K
Ln 12
Fees for servicesLn 2g$207K
Investment incomeLn 3$307
Money outPt IX
$99K
Ln 25
Owns and owesPt X
$248K
net assets · Ln 32
Cash and savingsLn 1–2$248K
Total assetsLn 16$248K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$207K
Investment incomeLn 3$307
Total revenueLn 12$207K
Assets in detailPt X, end of year
CashLn 1$248K
Cash and savings togetherLn 1–2$248K
Total assetsLn 16$248K
LiabilitiesLn 26$0
Net assetsLn 32$248K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$140K$248K
Total assetsLn 16$140K$248K
LiabilitiesLn 26$1K$0
Net assetsLn 32$139K$248K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$52K
Office expensesLn 13$3K
Conferences, conventions and meetingsLn 19$26K
Other expenses (24a–d)Ln 24$18K
Total functional expensesLn 25$99K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $159K$216K 990 PDF
FY2023 $277K$270K$7K$298K 990 PDF
FY2022 $265K$299K−$33K$291K 990 PDF
FY2021 $352K$274K$77K$325K 990 PDF
FY2020 Viewing $207K$99K$109K$248K 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 FY2020 990 (6 parts)
Part I · Summary $207,139 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $196,928$206,832
I-10 Investment incomePrior year $305$307
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $197,233$207,139
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$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $148,649$98,605
I-18 Total expensesPrior year $148,649$98,605
I-19 Revenue less expensesPrior year $48,584$108,534
Part VI · Governance 16 of 16 board members independent, 3 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $207,139 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $206,832$206,832
VIII-3 Investment incomeExcluded from tax $307$307
VIII-12 Total revenueRelated to mission $206,832 · Unrelated business $0 · Excluded from tax $307$207,139
Part IX · Statement of functional expenses $98,605 across 4 lines filed
IX-11a Management fees$51,850
IX-13 Office expenses$2,880
IX-19 Conferences, conventions and meetings$25,727
IX-24 Other expenses (24a–d)$18,148
IX-25 Total functional expenses$98,605
Part X · Balance sheet $247,593 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $140,398$247,593
X-16 Total assetsStart of year $140,398$247,593
X-17 Accounts payable and accrued expensesStart of year $1,339$0
X-26 Total liabilitiesStart of year $1,339$0
X-27 Net assets without donor restrictionsStart of year $139,059$247,593
X-32 Total net assets or fund balancesStart of year $139,059$247,593
X-33 Total liabilities and net assetsStart of year $140,398$247,593
Part XI · Reconciliation of net assets $247,593 net assets at year end
XI-1 Total revenue$207,139
XI-2 Total expenses$98,605
XI-3 Revenue less expenses$108,534
XI-4 Net assets at start of year$139,059
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$247,593

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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