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Nonprofiteer
← CHIPS NETWORK INC

Form 990 for tax year 2023

Filed by CHIPS NETWORK INC.

Totals

Total revenue
$3,019,222
Total expenses
$2,789,100
Contributions and grants received
$1,633,569
Grants paid
$35,294
Program service revenue
$1,280,755
Investment income
$104,898
Other revenue
$0
Total assets, end of year
$3,459,762
Total liabilities, end of year
$300,386
Net assets or fund balances, end of year
$3,159,376
Program services expenses (Part IX)
$2,261,951
Management and general expenses
$315,842
Fundraising expenses
$211,307
Program service expenses (Part III)
$2,261,951

Program services were 81.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,633,569

  • 2a · Program service revenue: REGISTRATION FEES

    total $1,214,335 · related or exempt $1,214,335

  • 2b · Program service revenue: CONFERENCE REBATES

    total $66,420 · related or exempt $66,420

  • 3 · Investment income

    total $104,898 · excluded $104,898

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $35,294 · program services $35,294

  • 5 · Compensation of officers, directors and key employees

    total $237,420 · program services $79,140 · management and general $79,140 · fundraising $79,140

  • 7 · Other salaries and wages

    total $691,573 · program services $450,387 · management and general $153,108 · fundraising $88,078

  • 8 · Pension plan contributions

    total $37,281 · program services $27,103 · management and general $4,364 · fundraising $5,814

  • 9 · Other employee benefits

    total $92,241 · program services $62,649 · management and general $17,205 · fundraising $12,387

  • 10 · Payroll taxes

    total $67,020 · program services $38,201 · management and general $16,755 · fundraising $12,064

  • 11b · Fees: legal

    total $811 · program services $791 · management and general $20

  • 11c · Fees: accounting

    total $26,333 · management and general $26,333

  • 11f · Fees: investment management

    total $768 · management and general $768

  • 11g · Fees: other

    total $77,220 · program services $77,220

  • 12 · Advertising and promotion

    total $15,702 · program services $15,452 · fundraising $250

  • 13 · Office expenses

    total $24,454 · program services $17,833 · management and general $3,847 · fundraising $2,774

  • 14 · Information technology

    total $157,219 · program services $141,897 · management and general $8,160 · fundraising $7,162

  • 16 · Occupancy

    total $31,235 · program services $31,235

  • 17 · Travel

    total $76,440 · program services $75,677 · management and general $401 · fundraising $362

  • 19 · Conferences, conventions and meetings

    total $1,212,082 · program services $1,204,249 · management and general $4,875 · fundraising $2,958

  • 23 · Insurance

    total $6,007 · program services $4,823 · management and general $866 · fundraising $318

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $786,118 · end of year $1,137,907

  • 4 · Accounts receivable

    beginning of year $207,900 · end of year $123,282

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,000 · end of year $63,100

  • 11 · Investments: publicly traded securities

    beginning of year $2,040,630 · end of year $2,135,473

  • 17 · Accounts payable and accrued expenses

    beginning of year $134,465 · end of year $98,188

  • 19 · Deferred revenue

    end of year $171,845

  • 25 · Other liabilities

    beginning of year $21,531 · end of year $30,353

  • 27 · Net assets without donor restrictions

    beginning of year $2,852,786 · end of year $3,083,510

  • 28 · Net assets with donor restrictions

    beginning of year $75,866 · end of year $75,866

Mission and programs · 2023

Mission

CHIPS NETWORK, INC. ADVANCES AND CONNECTS WOMEN IN TECHNOLOGY, LAW AND POLICY. WE SEEK TO ACCELERATE INNOVATION THROUGH DIVERSITY OF THOUGHT, PARTICIPATION AND ENGAGEMENT.

Activities or mission (Part I)

NONPROFIT PROFESSIONAL ASSOCIATION THAT CONNECTS WOMEN IN TECHNOLOGY, LAW, AND POLICY. WE ACCELERATE INNOVATION THROUGH DIVERSITY OF THOUGHT, PARTICIPATION, AND ENGAGEMENT.

  • CHIPS HAS MORE THAN 7,000 MEMBERS ON 5 CONTINENTS AND 31 GLOBAL CHAPTERS THAT ADVANCE OUR MISSION TO ADVANCE AND CONNECT WOMEN IN TECH, LAW AND POLICY. OUR MAIN PROGRAMS ARE: GLOBAL SUMMIT, NEXTGEN SUMMIT, MOCK PROGRAMS, GENERAL COUNSEL BOOTCAMP, WEBINARS, AND SUPPORTING NETWORKING AND LEARNING PROGRAMS THROUGH OUR CHAPTERS IN THE U.S., CANADA, SOUTH AMERICA, EUROPE, SOUTH AFRICA, AND AUSTRALIA/NEW ZEALAND. OUR SCHOLARSHIP PROGRAM FUNDS LAW SCHOOL STUDENTS WHO DEMONSTRATE A COMMITMENT TO A CAREER IN INTELLECTUAL PROPERTY LAW.

    Expenses $2,261,951 · Grants $35,294 · Revenue $1,280,755

As filed on the 2023 return.

Listed in Part VII

  • Dorian Daley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cyndi Wheeler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Yokoyama

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katherine Minarik

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sarita Venkat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Victoria Espinel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karen Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joan Toth

    EXECUTIVE DIRECTOR

    Total calculated
    $237,420
    From this org
    $211,377
    From related orgs
    $0
    Other
    $26,043
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $186,377
    Bonus
    $25,000
    Other
    $0
    Deferred
    $8,687
    Nontaxable benefits
    $17,356
    Filer's total
    $237,420
  • Julie Morbidelli

    DIRECTOR OF FINANCE AND OPERATIONS

    Total calculated
    $116,531
    From this org
    $94,455
    From related orgs
    $0
    Other
    $22,076
    Hours/week
    30
  • Virginia Moore

    DIRECTOR OF EVENTS

    Total calculated
    $169,874
    From this org
    $156,254
    From related orgs
    $0
    Other
    $13,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,754
    Bonus
    $12,500
    Other
    $0
    Deferred
    $6,314
    Nontaxable benefits
    $7,306
    Filer's total
    $169,874
  • Monica Phillips

    DIRECTOR OF LEARNING, CONTENT,AND DVERSITY

    Total calculated
    $166,231
    From this org
    $149,046
    From related orgs
    $0
    Other
    $17,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,546
    Bonus
    $12,500
    Other
    $0
    Deferred
    $6,161
    Nontaxable benefits
    $11,024
    Filer's total
    $166,231
  • Bridget Johnson

    DIRECTOR OF BUSINESS DEVELOPMENT AND PARTNERSHIPS

    Total calculated
    $175,566
    From this org
    $151,231
    From related orgs
    $0
    Other
    $24,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,731
    Bonus
    $12,500
    Other
    $0
    Deferred
    $6,165
    Nontaxable benefits
    $18,170
    Filer's total
    $175,566

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433189349302598

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