Mainsail Network INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 2019Social ScienceEIN 84-3470344Revenue $207K in FY2020

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.
$185K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$185K
to officers and key staff · 66% of spending
Concern: pay to officers and key staff is 66% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
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
$196K
162% of total assets
Concern: liabilities are 162% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 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
$281K
To programs
0%
Net assets
−$75K
By yearFY2020–FY2025
Revenue
$207K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$207K
FY2021$205K
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Expenses
$281K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$281K
FY2021$331K
FY2022$235K
FY2023$92K
FY2024$70K
FY2025$90K
Net assets
−$75K
FY2020
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 FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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% · $281K

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

4 people listed on the 990; $185K paid to officers and key staff.

Part VII, Section A · reportable compensation
Consultant
$110,000Pt VII · Sec A
Secretary/Director
$75,000Pt VII · Sec A
Director/President/Treasurer
$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 · FY2020
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 FY2020 990, line by line.

1The main four
Money inPt VIII
$207K
Ln 12
Gifts and grantsLn 1h$207K
Money outPt IX
$281K
Ln 25
Managementcol C$281K
Owns and owesPt X
−$75K
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$121K
LiabilitiesLn 26$196K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Total revenueLn 12$207K
Assets in detailPt X, end of year
CashLn 1$121K
Cash and savings togetherLn 1–2$121K
Total assetsLn 16$121K
LiabilitiesLn 26$196K
Net assetsLn 32−$75K
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 FY20End FY20
Cash and savingsLn 1–2$5K$121K
Total assetsLn 16$5K$121K
LiabilitiesLn 26$5K$196K
Net assetsLn 32$0−$75K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$215K$215K
Payroll taxesLn 10$38K$38K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$4K$4K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$616$616
Total functional expensesLn 25$281K$0$281K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $206,600 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$206,600
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$206,600
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$253,238
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$28,188
I-18 Total expensesPrior year $0$281,426
I-19 Revenue less expensesPrior year $0−$74,826
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $206,600 across 3 lines filed
VIII-1f All other contributions, gifts and grants$206,600
VIII-1h Total contributions, gifts and grants$206,600
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$206,600
Part IX · Statement of functional expenses $281,426 across 7 lines filed
IX-7 Other salaries and wagesManagement $215,341$215,341
IX-10 Payroll taxesManagement $37,897$37,897
IX-11b Legal feesManagement $10,000$10,000
IX-11c Accounting feesManagement $10,720$10,720
IX-12 Advertising and promotionManagement $4,000$4,000
IX-23 InsuranceManagement $2,852$2,852
IX-24 Other expenses (24a–d)Management $616$616
IX-25 Total functional expensesPrograms $0 · Management $281,426 · Fundraising $0$281,426
Part X · Balance sheet $121,018 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $5,000$121,018
X-16 Total assetsStart of year $5,000$121,018
X-25 Other liabilitiesStart of year $5,000$195,844
X-26 Total liabilitiesStart of year $5,000$195,844
X-32 Total net assets or fund balancesStart of year $0−$74,826
X-33 Total liabilities and net assetsStart of year $5,000$121,018
Part XI · Reconciliation of net assets −$74,826 net assets at year end
XI-1 Total revenue$206,600
XI-2 Total expenses$281,426
XI-3 Revenue less expenses−$74,826
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$74,826

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

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