Institute for Networked Communities FY2022 filing

Bainbridge Island, WAUnknown exempt organization EIN 84-5055085Revenue $63K in FY2022

On file with the IRSnextgensectorpartnerships.com8744 Woodbank Drive Ne · Bainbridge Island, WA

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To provide research, program advising, facilitation and guidance to public sector agencies and community partners that help them build stronger connections between regional labor markets and unemployed and underemployed individuals seeking meaningful employment.

72¢ of each $1 spent went to programs.
$110K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $79K a year · 177% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 94% of spending
Concern: pay to officers and key staff is 94% of spending; over 30%.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 10.6 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
4
of 4 voting members
Looks good: 4 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
$63K
Spent
$117K
To programs
72%
Net assets
$103K
By yearFY2022–FY2023
Revenue
$63K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$63K
FY2023$26K
Expenses
$117K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$117K
FY2023$129K
Net assets
$103K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$103K
FY2023$0

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $84K Management & general 28% · $32K

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

4 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Vice President/Secretary
$58,033Pt VII · Sec A
President/Treasurer
$51,576Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022
Lindsey Woolsey$3,100$58,033
Francie Genz$19,283$51,576

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

Programs and updates

Connects job seekers with employers through research and guidance for public agencies.

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Provided by the organization

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1 program · $84K · in their own filed words · FY2021
01

We design, facilitation and learning from a rural network of next gen sector partnerships, resulting in a rural community of practice and a rural field guide. We will create continuous management and peer connections across a 20-STATE community of practice during covid and its AFTERMATH.WE also will create a national benchmarking study…

$84Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$63K
Ln 12
Fees for servicesLn 2g$63K
Investment incomeLn 3$20
Money outPt IX
$117K
Ln 25
Programscol B$84K
Managementcol C$32K
Owns and owesPt X
$103K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$103K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$63K
Investment incomeLn 3$20
Total revenueLn 12$63K
Assets in detailPt X, end of year
SavingsLn 2$103K
Cash and savings togetherLn 1–2$103K
Total assetsLn 16$103K
LiabilitiesLn 26$0
Net assetsLn 32$103K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$157K$103K
Total assetsLn 16$157K$103K
LiabilitiesLn 26$0$0
Net assetsLn 32$157K$103K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$105K$74K$32K
Pension plan contributionsLn 8$10$10
Payroll taxesLn 10$38$38
Office expensesLn 13$2K$2K
TravelLn 17$884$884
Conferences, conventions and meetingsLn 19$8K$8K
Other expenses (24a–d)Ln 24$623$623
Total functional expensesLn 25$117K$84K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $26K$129K−$103K$0 990 PDF
FY2022 Viewing $63K$117K−$54K$103K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $62,586 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $73,300$0
I-9 Program service revenuePrior year $62,776$62,566
I-10 Investment incomePrior year $44$20
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $136,120$62,586
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 $184,423$105,244
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,601$11,260
I-18 Total expensesPrior year $189,024$116,504
I-19 Revenue less expensesPrior year −$52,904−$53,918
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $62,586 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $62,566$62,566
VIII-3 Investment incomeExcluded from tax $20$20
VIII-12 Total revenueRelated to mission $62,566 · Unrelated business $0 · Excluded from tax $20$62,586
Part IX · Statement of functional expenses $116,504 across 7 lines filed
IX-7 Other salaries and wagesPrograms $73,637 · Management $31,559$105,196
IX-8 Pension plan contributionsManagement $10$10
IX-10 Payroll taxesManagement $38$38
IX-13 Office expensesPrograms $2,253$2,253
IX-17 TravelPrograms $884$884
IX-19 Conferences, conventions and meetingsPrograms $7,500$7,500
IX-24 Other expenses (24a–d)Management $623$623
IX-25 Total functional expensesPrograms $84,274 · Management $32,230 · Fundraising $0$116,504
Part X · Balance sheet $103,170 assets, 5 lines filed
X-2 Savings and temporary cash investmentsStart of year $157,089$103,170
X-16 Total assetsStart of year $157,088$103,170
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $157,088$103,170
X-33 Total liabilities and net assetsStart of year $157,088$103,170
Part XI · Reconciliation of net assets $103,170 net assets at year end
XI-1 Total revenue$62,586
XI-2 Total expenses$116,504
XI-3 Revenue less expenses−$53,918
XI-4 Net assets at start of year$157,088
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$103,170

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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