Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
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
1 person listed on the 990; $130K paid to officers and key staff.
Matt Fries’s $130K as Director is at the 91st percentile of top reported officer pay among 1637 $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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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, plans, and trains international groups improving quality of life in developing nations.
Questions for Net Development Incorporated
Your first name shows with your question. Net Development Incorporated answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $6K | $3K |
| Land, buildings, equipmentLn 10c | $16K | |
| Total assetsLn 16 | $6K | $18K |
| LiabilitiesLn 26 | $7K | $7K |
| Net assetsLn 32 | −$1K | $12K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $141K | $141K | ||
| Pension plan contributionsLn 8 | $4K | $4K | ||
| Other employee benefitsLn 9 | $13K | $13K | ||
| Payroll taxesLn 10 | $10K | $10K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Office expensesLn 13 | $4K | $4K | ||
| TravelLn 17 | $14K | $14K | ||
| Other expenses (24a–d)Ln 24 | $15K | $15K | ||
| Total functional expensesLn 25 | $205K | $198K | $7K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $223K | $211K | $11K | $23K | 990 PDF |
| FY2023 Viewing | $218K | $205K | $13K | $12K | 990 PDF |
| FY2022 | $54K | $55K | −$1K | −$1K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $217,816 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, 4 to look at
Part VIII · Statement of revenue $217,816 across 3 lines filed
Part IX · Statement of functional expenses $204,803 across 8 lines filed
Part X · Balance sheet $18,403 assets, 7 lines filed
Part XI · Reconciliation of net assets $11,618 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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