Mainsail Network INC

Tax-deductible

New York, NY501(c)(3)Since 2019Social ScienceEIN 84-3470344

On file with the IRS34 3rd Ave Num 172, 10003-5504 · New York, NYTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To research solutions to economic problems and educate the public about the results of those activities.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $115K a year · 167% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $160K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$699K
×65 of total assets
Concern: liabilities are 6500% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$90K
Net assets
−$688K
By yearFY2020–FY2025
Revenue
$0
FY2025
Tap a bar for its year
Revenue by fiscal year
FY2020$207K
FY2021$205K
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Expenses
$90K
FY2025▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$281K
FY2021$331K
FY2022$235K
FY2023$92K
FY2024$70K
FY2025$90K
Net assets
−$688K
FY2025▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020−$75K
FY2021−$201K
FY2022−$436K
FY2023−$528K
FY2024−$598K
FY2025−$688K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2020.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $90K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
Director/President/Treasur
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mireille Raad’s $123K as Consultant is at the 94th percentile of top reported officer pay among 35 <$100K social science 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

NameFY2021FY2020
Mireille Raad$123,000$110,000
Daniel Teweles—$75,000

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Researches economic solutions and educates the public on findings.

Questions for Mainsail Network INC

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Not applicable

Pt IX · col B

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 · FY2021
Total grants receivedfrom 1 funder$160K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$90K
Ln 25
Managementcol C$90K
Owns and owesPt X
−$688K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$11K
LiabilitiesLn 26$699K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Total assetsLn 16$11K
LiabilitiesLn 26$699K
Net assetsLn 32−$688K
OperationsPt I, VI
EmployeesI 51
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 FY25End FY25
Cash and savingsLn 1–2$3K$11K
Total assetsLn 16$3K$11K
LiabilitiesLn 26$601K$699K
Net assetsLn 32−$598K−$688K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$58K$58K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$370$370
InsuranceLn 23$12K$12K
Total functional expensesLn 25$90K$0$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $0$90K−$90K−$688K 990 PDF
FY2024 $0$70K−$70K−$598K 990 PDF
FY2023 $0$92K−$92K−$528K 990 PDF
FY2022 $0$235K−$235K−$436K 990 PDF
FY2021 $205K$331K−$126K−$201K 990 PDF
FY2020 $207K$281K−$75K−$75K 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 FY2025 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$0
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 $59,593$63,076
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,215$27,027
I-18 Total expensesPrior year $69,808$90,103
I-19 Revenue less expensesPrior year −$69,808−$90,103
Part VI · Governance 2 of 2 board members independent, 5 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $90,103 across 5 lines filed
IX-7 Other salaries and wagesManagement $57,538$57,538
IX-10 Payroll taxesManagement $5,538$5,538
IX-11c Accounting feesManagement $14,870$14,870
IX-11g Other fees for servicesManagement $370$370
IX-23 InsuranceManagement $11,787$11,787
IX-25 Total functional expensesPrograms $0 · Management $90,103 · Fundraising $0$90,103
Part X · Balance sheet $10,950 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $3,053$10,950
X-16 Total assetsStart of year $3,053$10,950
X-25 Other liabilitiesStart of year $600,927$698,927
X-26 Total liabilitiesStart of year $600,927$698,927
X-32 Total net assets or fund balancesStart of year −$597,874−$687,977
X-33 Total liabilities and net assetsStart of year $3,053$10,950
Part XI · Reconciliation of net assets −$687,977 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$90,103
XI-3 Revenue less expenses−$90,103
XI-4 Net assets at start of year−$597,874
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$687,977

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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