Civic Intelligence

Net Positive Inc.

990 • Fiscal year 2017 • EIN 46-2666977

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

298 Northampton StreetBuffalo, NY 14208

(716) 220-8842

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.46x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • NTEE P80 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

0.65x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • NTEE P80 • <$500k nonprofits • Source year 2017

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2017 filings • NTEE P80 • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$25,695

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2017 filings • NTEE P80 • <$500k nonprofits • Source year 2017

Asset Growth

64th percentile

18%

Faster asset growth than 64% of similar nonprofits.

2017 filings • NTEE P80 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

80%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • NTEE P80 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$293,703

Up $44,579 (+18%) from 2016

Net Assets

Up

$157,779

Up $41,033 (+35%) from 2016

Liabilities

Up

$135,924

Up $3,546 (+2.7%) from 2016

Revenue

Up

$210,513

Up $93,373 (+80%) from 2016

Expenses

Up

$169,480

Up $53,921 (+47%) from 2016

Net Income

Up

$41,033

Up $39,452 (+2495%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2014: $266,586Liabilities 2014: $157,1812014Assets 2015: $265,174Liabilities 2015: $150,009Net Assets 2015: $115,1652015Assets 2016: $249,124Liabilities 2016: $132,378Net Assets 2016: $116,7462016Assets 2017: $293,703Liabilities 2017: $135,924Net Assets 2017: $157,7792017Assets 2018: $401,684Liabilities 2018: $139,303Net Assets 2018: $262,3812018Assets 2019: $527,196Liabilities 2019: $241,198Net Assets 2019: $285,9982019Assets 2020: $544,923Liabilities 2020: $195,273Net Assets 2020: $349,6502020Assets 2021: $676,277Liabilities 2021: $194,412Net Assets 2021: $481,8652021Assets 2022: $661,783Liabilities 2022: $200,470Net Assets 2022: $461,3132022Assets 2023: $1,103,025Liabilities 2023: $241,636Net Assets 2023: $861,3892023Assets 2024: $1,498,548Liabilities 2024: $410,412Net Assets 2024: $1,088,1362024

Highlighted filing

2017

Assets$293,703
Liabilities$135,924
Net Assets$157,779

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $144,220Expenses 2014: $58,684Net Income 2014: $85,5362014Revenue 2015: $128,922Expenses 2015: $123,162Net Income 2015: $5,7602015Revenue 2016: $117,140Expenses 2016: $115,559Net Income 2016: $1,5812016Revenue 2017: $210,513Expenses 2017: $169,480Net Income 2017: $41,0332017Revenue 2018: $339,182Expenses 2018: $234,580Net Income 2018: $104,6022018Revenue 2019: $290,977Expenses 2019: $291,202Net Income 2019: -$2252019Revenue 2020: $342,102Expenses 2020: $278,450Net Income 2020: $63,6522020Revenue 2021: $474,364Expenses 2021: $347,545Net Income 2021: $126,8192021Revenue 2022: $414,730Expenses 2022: $435,282Net Income 2022: -$20,5522022Revenue 2023: $913,103Expenses 2023: $532,305Net Income 2023: $380,7982023Revenue 2024: $1,292,833Expenses 2024: $1,095,126Net Income 2024: $197,7072024

Highlighted filing

2017

Revenue$210,513
Expenses$169,480
Net Income$41,033
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$212,594
Mission and Program Overview

Mission

The Foundry uses an inclusive approach to advance individuals through hands-on learning, entrepreneurship, and exposure to possibilities.

See Schedule O for organization's mission.To foster ecologically, economically and socially viable neighborhood systems in the City of Buffalo by promoting community arts; providing mentoring and training opportunities for low-income, unemployed or underemployed individuals--particularly people of color and women; and encouraging environmentally sensitive community development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$239,313$247,117▲ $7,804
Savings and Temporary Cash Investments$0$43,794▲ $43,794
Loans From Officers Directors$23,600$28,032▲ $4,432
Cash and Non-Interest-Bearing Accounts$9,811$2,792▼ $7,019
Total Assets$249,124$293,703▲ $44,579
Liabilities
Mortgage Notes Payable Secured by Investment Property$108,233$92,117▼ $16,116
Deferred Revenue$0$15,230▲ $15,230
Other Liabilities$545$545→ $0
Total Liabilities$132,378$135,924▲ $3,546
Net Assets / Fund Balance
Unrestricted Net Assets$116,746$157,779▲ $41,033
Total Net Assets Fund Balance$116,746$157,779▲ $41,033
Total Liabilities and Net Assets / Fund Balance$249,124$293,703▲ $44,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$243,680$38,545$282,225
Equipment$3,437$3,361$6,798
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Megan McNallyExecutive DirectorFT$25,695$25,695

Board Members and Trustees

NameTitle
Rohini JalanPresident
Russ ReinagelVice President, Chair of Building Committee
David StebbinsMember
Lonnie BarlowMember
Matt LehnerMember
R Maxwell AndersonMember
Sarah FonziMember
Trina BurrussMember
Nadine PowellSecretary
Scott CassetyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$114,310
Program Service Revenue
$67,392
Investment Income
$0
Other Revenue
$28,811
Change in Net Assets
$41,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$106,056
Salaries, Compensation, and Employee Benefits$63,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$42,859$4,762-$47,621
Other Salaries and Wages$27,899--$27,899
Current Officers, Directors, Trustees, and Key Employees$25,695--$25,695
Fees for Services Other$13,938--$13,938
Depreciation Depletion$9,297$1,033-$10,330
Interest-$8,323-$8,323
Insurance$6,251--$6,251
Payroll Taxes$6,206--$6,206
Other Employee Benefits$3,624--$3,624
Office Expenses-$2,809-$2,809
Information Technology-$2,379-$2,379
Advertising$1,634--$1,634
Fees for Services Accounting-$1,250-$1,250
Other Expenses$72$1,232-$72
Travel$24--$24
Total Functional Expenses$147,692$21,788$0$169,480
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,889
Fundraising Direct Expenses$2,081
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bid to Build$30,143$16,015$1,873$14,142
Tool Fest$10,000$6,210$208$6,002
Total Events$48,807$30,889$2,081$28,808
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$23,600$28,032▲ $4,432
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Held$545
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

The Organization's governing body does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

A draft copy of the Form 990 is provided to the governing body prior to being filed.

Form 990, Part VI, Section B, line 12C

The Organization has a written conflict of interest policy that is monitored by the Board and reviewed annually. Conflict of interest statements are reviewed by a Board member for propriety on an annual basis.

Form 990, Part VI, Section C, line 19

The Organization's governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Net Positive Inc
EIN
46-2666977
Phone
7162208842
Address
298 Northampton Street, Buffalo, NY 14208

Signing Officer

Name
Megan McNally
Title
Executive Director
Phone
7162208842
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan McNally
Formed
2013
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
710

Preparer

Firm
Kirisits & Associates CPAs PLLC
Address
1231 Delaware Avenue Suite 6, Buffalo, NY 14209
Preparer
Lisa M Kirisits CPA
Phone
7168810089
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IRS990/MissionDesc0Net Positive strives to foster ecologically, economically and socially viable neighborhood systems in the City of Buffalo by promoting community arts; providing mentoring and training opportunities for low-income, unemployed or underemployed individuals--particularly people of color and women; and encouraging environmentally sensitive community development.The Organization believes that all individuals should have access to their programs regardless of their criminal history, drug use, personal challenges, socioeconomic status, race, ethnicity, gender, sexual orientation, or religious beliefs, if they are committed to making a positive change in their own life.
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033968
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01
IRS990/PYOtherExpensesAmt088384
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt083171
IRS990/PYRevenuesLessExpensesAmt01581
IRS990/PYSalariesCompEmpBnftPaidAmt027175
IRS990/PYTotalExpensesAmt0115559
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0117140
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt041033
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt067395
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt043794
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0114310
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt033968
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt051504
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt083512
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0283294
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt02850
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt02850
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt067395
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt083171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt050641
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt031355
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0232562
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt018
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt0518706
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0184555
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0117139
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0102145
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0114867
IRS990ScheduleA/Total509Grp/TotalAmt0518706
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0184555
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0117140
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0102161
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0114868
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0518724
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0243680
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038545
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0282225
IRS990ScheduleD/EquipmentGrp/BookValueAmt03437
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03361
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06798
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits Held
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0247117
IRS990ScheduleD/TotalLiabilityAmt0545
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt017918
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt014128
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt03790
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02081
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Bid to Build
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Tool Fest
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt030143
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt08664
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt048807
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016015
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06210
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt08664
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030889
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028808
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02081
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01873
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0208
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt012400
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt112400
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt23232
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Fund the Organization
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Fund the Organization
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Fund the Organization
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt010000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt110000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt23000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Megan McNally
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Kyle McNally
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Joseph Kedron
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Executive Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Related to Executive Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/TotalBalanceDueAmt028032
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization's governing body does not have any committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft copy of the Form 990 is provided to the governing body prior to being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization has a written conflict of interest policy that is monitored by the Board and reviewed annually. Conflict of interest statements are reviewed by a Board member for propriety on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization's governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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