Naturally Network INC FY2022 filing

Not tax-deductible

Austin, TX501(c)(6)Community DevelopmentEIN 85-1477806Revenue $315K in FY2022

On file with the IRSnaturallynetwork.org2032 Robert Browning St, 78723-3342 · Austin, TXTax-exempt since May 2022

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Our mission is to harness, accelerate and elevate the power and impact of conscious business practices in the natural and organic products ecosystem through community-based programming, networking, influence and collaboration.

$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 5
filings with a surplus
Average surplus $4K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 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
$80K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$315K
+47% vs prior year
Spent
$326K
To programs
0%
Net assets
$38K
By yearFY2020–FY2024
Revenue
$315K
FY2022▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$57K
FY2021$214K
FY2022$315K
FY2023$531K
FY2024$672K
Expenses
$326K
FY2022▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$41K
FY2021$262K
FY2022$326K
FY2023$516K
FY2024$622K
Net assets
$38K
FY2022▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$16K
FY2021$49K
FY2022$38K
FY2023$53K
FY2024$103K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 May 2022.

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

Who runs it and what they're paid

21 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$79,889Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Katrina Tolentino’s $172K as Executive Director is at the 94th percentile of top reported officer pay among 1709 $100K–1M community development 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

NameFY2024FY2023FY2022
Katrina Tolentino$171,782$155,452$79,889
Debi Goldman$102,537$87,401—

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

Promotes conscious business practices in natural and organic products through community programs and collaboration.

Questions for Naturally Network INC

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Harness, accelerate, and elevate the power and impact of conscious business practices in the natural and organic products ecosystem through community- based programming, networking, influence and collaboration.

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 · FY2020
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$315K
Ln 12
Gifts and grantsLn 1h$290K
Other incomeLn 4–11$25K
Money outPt IX
$326K
Ln 25
Owns and owesPt X
$38K
net assets · Ln 32
Cash and savingsLn 1–2$44K
Total assetsLn 16$68K
LiabilitiesLn 26$30K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$290K
Other incomeLn 4–11$25K
Total revenueLn 12$315K
Assets in detailPt X, end of year
CashLn 1$44K
Cash and savings togetherLn 1–2$44K
Total assetsLn 16$68K
LiabilitiesLn 26$30K
Net assetsLn 32$38K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY22End FY22
Cash and savingsLn 1–2$49K$44K
Total assetsLn 16$56K$68K
LiabilitiesLn 26$7K$30K
Net assetsLn 32$49K$38K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$86K
Other salaries and wagesLn 7$96K
Other employee benefitsLn 9$12K
Payroll taxesLn 10$14K
Accounting feesLn 11c$4K
Other fees for servicesLn 11g$19K
Advertising and promotionLn 12$45K
Office expensesLn 13$1K
TravelLn 17$7K
InsuranceLn 23$672
Other expenses (24a–d)Ln 24$41K
All other expensesLn 24e$747
Total functional expensesLn 25$326K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $672K$622K$50K$103K 990 PDF
FY2023 $531K$516K$15K$53K 990 PDF
FY2022 Viewing $315K$326K−$11K$38K 990 PDF
FY2021 $214K$262K−$48K$49K 990 PDF
FY2020 $57K$41K$16K$16K 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 FY2022 990 (6 parts)
Part I · Summary $314,859 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $214,100$289,859
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$25,000
I-12 Total revenuePrior year $214,100$314,859
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $141,510$208,605
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $120,194$117,320
I-18 Total expensesPrior year $261,704$325,925
I-19 Revenue less expensesPrior year −$47,604−$11,066
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $314,859 across 5 lines filed
VIII-1b Membership dues$40,000
VIII-1f All other contributions, gifts and grants$249,859
VIII-1h Total contributions, gifts and grants$289,859
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $25,000$25,000
VIII-12 Total revenueRelated to mission $25,000$314,859
Part IX · Statement of functional expenses $325,925 across 12 lines filed
IX-5 Pay of current officers, directors and key staff$86,310
IX-7 Other salaries and wages$96,279
IX-9 Other employee benefits$11,614
IX-10 Payroll taxes$14,402
IX-11c Accounting fees$4,120
IX-11g Other fees for services$18,790
IX-12 Advertising and promotion$44,523
IX-13 Office expenses$1,150
IX-17 Travel$6,511
IX-23 Insurance$672
IX-24 Other expenses (24a–d)$40,807
IX-24e All other expenses$747
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$325,925
Part X · Balance sheet $67,736 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $48,854$44,403
X-4 Accounts receivableStart of year $7,019$23,333
X-16 Total assetsStart of year $55,873$67,736
X-17 Accounts payable and accrued expenses$2,059
X-25 Other liabilitiesStart of year $6,630$27,500
X-26 Total liabilitiesStart of year $6,630$29,559
X-27 Net assets without donor restrictionsStart of year $49,243$38,177
X-32 Total net assets or fund balancesStart of year $49,243$38,177
X-33 Total liabilities and net assetsStart of year $55,873$67,736
Part XI · Reconciliation of net assets $38,177 net assets at year end
XI-1 Total revenue$314,859
XI-2 Total expenses$325,925
XI-3 Revenue less expenses−$11,066
XI-4 Net assets at start of year$49,243
XI-10 Net assets at end of year$38,177

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

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