Totals
- Total revenue
- $913,103
- Total expenses
- $532,305
- Contributions and grants received
- $745,639
- Grants paid
- $0
- Program service revenue
- $158,036
- Investment income
- $9,428
- Other revenue
- $0
- Total assets, end of year
- $1,103,025
- Total liabilities, end of year
- $241,636
- Net assets or fund balances, end of year
- $861,389
- Program services expenses (Part IX)
- $501,073
- Management and general expenses
- $25,909
- Fundraising expenses
- $5,323
- Program service expenses (Part III)
- $501,073
Program services were 94.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$173,000
-
1f · All other contributions, gifts and grants
$572,639
-
2a · Program service revenue: Residency
total $89,429 · related or exempt $89,429
-
2b · Program service revenue: Youth programing and w
total $43,782 · related or exempt $43,782
-
2c · Program service revenue: Community workshops
total $24,325 · related or exempt $24,325
-
2d · Program service revenue: Consulting fees
total $500 · related or exempt $500
-
3 · Investment income
total $9,428 · related or exempt $9,428
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $47,848 · program services $35,639 · management and general $9,570 · fundraising $2,639
-
7 · Other salaries and wages
total $216,395 · program services $215,395 · management and general $1,000
-
9 · Other employee benefits
total $20,240 · program services $19,228 · management and general $810 · fundraising $202
-
10 · Payroll taxes
total $6,582 · program services $6,253 · management and general $263 · fundraising $66
-
11c · Fees: accounting
total $4,500 · program services $4,275 · management and general $180 · fundraising $45
-
11g · Fees: other
total $11,309 · program services $10,640 · management and general $556 · fundraising $113
-
12 · Advertising and promotion
total $1,243 · program services $1,181 · management and general $50 · fundraising $12
-
13 · Office expenses
total $4,866 · program services $4,623 · management and general $194 · fundraising $49
-
14 · Information technology
total $3,084 · program services $2,930 · management and general $123 · fundraising $31
-
16 · Occupancy
total $43,505 · program services $39,155 · management and general $3,915 · fundraising $435
-
19 · Conferences, conventions and meetings
total $3,566 · program services $3,388 · management and general $142 · fundraising $36
-
20 · Interest
total $10,277 · program services $9,249 · management and general $925 · fundraising $103
-
22 · Depreciation, depletion and amortization
total $26,346 · program services $23,711 · management and general $2,372 · fundraising $263
-
23 · Insurance
total $12,087 · program services $10,878 · management and general $1,088 · fundraising $121
-
24a · Other expenses: Contract services and y
total $55,123 · program services $52,471 · management and general $2,099 · fundraising $553
-
24b · Other expenses: Program supplies
total $50,336 · program services $47,818 · management and general $2,013 · fundraising $505
-
24c · Other expenses: Bank and merchant fees
total $9,555 · program services $9,076 · management and general $384 · fundraising $95
-
24d · Other expenses: Payroll processing
total $1,820 · program services $1,727 · management and general $73 · fundraising $20
-
24e · All other expenses
total $3,623 · program services $3,436 · management and general $152 · fundraising $35
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,786 · end of year $19,304
-
2 · Savings and temporary cash investments
beginning of year $231,227 · end of year $571,149
-
3 · Pledges and grants receivable
beginning of year $10,000 · end of year $108,000
-
4 · Accounts receivable
beginning of year $23,075 · end of year $48,755
-
9 · Prepaid expenses and deferred charges
beginning of year $3,740 · end of year $3,096
-
10a · Land, buildings and equipment: cost or other basis
$541,257
-
10b · Land, buildings and equipment: accumulated depreciation
$188,536
-
10c · Land, buildings and equipment, net
beginning of year $366,956 · end of year $352,721
-
15 · Other assets
beginning of year $4,999 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $19,171 · end of year $35,655
-
19 · Deferred revenue
beginning of year $20,550 · end of year $54,748
-
23 · Secured mortgages and notes payable
beginning of year $155,789 · end of year $143,127
-
25 · Other liabilities
beginning of year $4,960 · end of year $8,106
-
27 · Net assets without donor restrictions
beginning of year $429,720 · end of year $495,111
-
28 · Net assets with donor restrictions
beginning of year $31,593 · end of year $366,278
Mission and programs · 2023
Mission
Net Positive, Inc. provides youth and adults with the opportunity to pursue their business dreams with access to private space, equipment, and business assistance. An average of 200 students find success in hands-on skill
Activities or mission (Part I)
The Foundry uses an inclusive approach to advance individuals through hands-on learning, entrepreneurship, and exposure to possibilities.
-
Education, empowerment, and employment: The Foundry works with on average, 200 students, to explore various career paths, hands-on skill-building and new digital literacies through STEAM (Science, Technology, Engineering, the Arts, and Mathematics) sessions in our shops and labs, job training partnerships (Baker-Victory Services, Youth Build), part time employment at the Foundry, job shadowing with Foundry entrepreneurs, and youth entrepreneurship programs.
Expenses $255,620 · Revenue $44,282
-
Small business incubation: The Foundry believes that creating the entrepreneurs, youth entrepreneurship programs, opportunities and conditions necessary for self-sufficiency and economic stability promotes a healthier community. This past year we provided 26 spaces for business incubation by providing affordable rental space, connections to mentoring, business classes or workshops, and connections to local support services.
Expenses $153,331 · Revenue $98,857
-
Community Workshops offer hands-on classes in woodshop, metal shop, textile, and tech labs are offered to adults where they can learn more or use tools for projects.
Expenses $92,122 · Revenue $24,325
As filed on the 2023 return.
Listed in Part VII
-
Matt Lehner
Member
- Total calculated
- $0
- Hours/week
- 2
-
David Stebbins
Member
- Total calculated
- $0
- Hours/week
- 2
-
Andrew Schwartz
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Shantelle Patton
Member
- Total calculated
- $0
- Hours/week
- 2
-
Tracy Collymore
Member
- Total calculated
- $0
- Hours/week
- 2
-
Najja Bouldin
President
- Total calculated
- $0
- Hours/week
- 5
-
Megan McNally
Executive Director
- Total calculated
- $47,848
- From this org
- $47,848
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Gregory Cherry
Member
- Total calculated
- $0
- Hours/week
- 2
-
Scott Cassety
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Kevin Zanner
Secretary
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422149349300402
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.