Net Development Incorporated FY2023 filing
Connects, plans, and trains international groups improving quality of life in developing nations. For fiscal year 2023 it reported $218K in revenue, $205K in expenses, and $12K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · International
- Location
- Springdale, AR
- Website
- netdevelopment.org
- Filings
- 3 on file (2022–2023)
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Summary of the Filing
Where the work happens
Net development engages leaders of international organizations to jointly discern and participate in the projects that will move their respective countries off the uns least developed countries list. Net development also assists these international organizations by using its networks to bring in needed resources.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Matt Fries’s $130K as Director is at the 91st percentile of top reported officer pay among 1638 $100K–1M international 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 · 1 named individual · Part VII
| Name | FY2023 | FY2022 |
|---|---|---|
| Matt Fries | $130,000 | $32,422 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 97% | — | — |
| Overhead ratio | 3% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 306% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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