Civic Intelligence

Net Positive Inc.

990 • Fiscal year 2022 • EIN 46-2666977

Jan 01, 2022 to Dec 31, 2022 • Filed on May 11, 2023

298 Northampton StreetBuffalo, NY 14208

(716) 885-1381

Siviq Scores

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

Liabilities / Assets

77th percentile

0.30x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • NTEE P • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

0.48x

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

2022 filings • NTEE P • $500k-$1M nonprofits • Source year 2022

Net Margin

28th percentile

-5.0%

Higher net margin than 28% of similar nonprofits.

2022 filings • NTEE P • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

56th percentile

$42,311

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2022 filings • NTEE P • $500k-$1M nonprofits • Source year 2022

Asset Growth

35th percentile

-2.1%

Faster asset growth than 35% of similar nonprofits.

2022 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-13%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$661,783

Down $14,494 (-2.1%) from 2021

Net Assets

Down

$461,313

Down $20,552 (-4.3%) from 2021

Liabilities

Up

$200,470

Up $6,058 (+3.1%) from 2021

Revenue

Down

$414,730

Down $59,634 (-13%) from 2021

Expenses

Up

$435,282

Up $87,737 (+25%) from 2021

Net Income

Down

-$20,552

Down $147,371 (-116%) from 2021

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

2022

Assets$661,783
Liabilities$200,470
Net Assets$461,313

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

2022

Revenue$414,730
Expenses$435,282
Net Income-$20,552
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$415,877
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$378,685$366,956▼ $11,729
Savings and Temporary Cash Investments$156,205$231,227▲ $75,022
Accounts Receivable$7,334$23,075▲ $15,741
Cash and Non-Interest-Bearing Accounts$81,364$21,786▼ $59,578
Pledges and Grants Receivable$44,000$10,000▼ $34,000
Prepaid Expenses and Deferred Charges$3,690$3,740▲ $50
Total Assets$676,277$661,783▼ $14,494
Other Assets Total$4,999$4,999→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$166,700$155,789▼ $10,911
Deferred Revenue-$20,550-
Accounts Payable and Accrued Expenses$23,377$19,171▼ $4,206
Other Liabilities$4,335$4,960▲ $625
Total Liabilities$194,412$200,470▲ $6,058
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$363,424$429,720▲ $66,296
Net Assets With Donor Restrictions$118,441$31,593▼ $86,848
Total Net Assets Fund Balance$481,865$461,313▼ $20,552
Total Liabilities and Net Assets / Fund Balance$676,277$661,783▼ $14,494

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$315,891$108,984$424,875
Equipment$32,991$56,688$89,679
Land$18,074-$18,074
Other Land Buildings$0--
Leasehold Improvements$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Megan McNallyExecutive DirectorFT$42,311$42,311
Russ ReinagelVice PresidentPT$21,346$21,346

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$257,774
Program Service Revenue
$155,982
Investment Income
$24
Other Revenue
$950
All Other Contributions
$225,811
Change in Net Assets
$-20,552

Audited Revenue Reconciliation

Revenue per Audited Statements
$414,730
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,147
Total Revenue per Audited Statements
$415,877
Total Revenue per Form 990
$414,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,537
Salaries, Compensation, and Employee Benefits$203,745
Total Fundraising Expense$4,306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$127,505$4,208$1,331$133,044
Occupancy$48,805$3,224$526$52,555
Current Officers, Directors, Trustees, and Key Employees$39,082$2,806$423$42,311
Conferences and Meetings$27,993$1,179$294$29,466
Depreciation Depletion$25,244$2,524$280$28,048
Payroll Taxes$14,539$612$153$15,304
Other Employee Benefits$12,431$523$132$13,086
Interest$10,490$442$110$11,042
Fees for Services Other$7,773$327$82$8,182
Insurance$7,092$709$80$7,881
Other Expenses$3,631$152$38$3,821
Fees for Services Accounting$3,325$140$35$3,500
Office Expenses$2,482$104$26$2,612
All Other Expenses$2,148$92$22$2,262
Advertising$1,789$75$18$1,882
Total Functional Expenses$409,813$21,163$4,306$435,282

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$436,429
Expenses per Audited Statements$435,282
Total Expenses per Form 990$435,282
Expenses Not Reported on Form 990$1,147
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,574
Fundraising Direct Expenses$1,147
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants' security deposits$4,960
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 copy of the Form 990 is provided to the organization's governing body prior to filing.

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 18

The Organization's governing documents are available upon request

Form 990, Part VI, Section C, line 19

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.

Filing and Contact Details

Filer

Filer Name
Net Positive Inc
EIN
46-2666977
Phone
7168851381
Address
298 Northampton Street, Buffalo, NY 14208
Doing Business As
The Foundry

Signing Officer

Name
Megan McNally
Title
Executive Director
Phone
7168851381
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan McNally
Formed
2013
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
9
Volunteers
100

Preparer

Firm
Lancaster Accounting & Tax Service
Address
4982 William Street, Lancaster, NY 14086
Preparer
Angela Dussault CPA
Phone
7167170135
Supplemental Narrative

Additional Explanations

From 990 Part X11 Line 2C

Net Positive, Inc. assumes responsibility for the oversight of the audit

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Fundraising expenses 1,147.

Part XII, Line 2D - Other Adjustments:

Fundraising expenses 1,147.

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IRS990/Form990PartVIISectionAGrp/PersonNm8Megan McNally
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IRS990/NoncashContributionsAmt013468
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0523
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IRS990/OtherExpensesGrp/FundraisingAmt1325
IRS990/OtherExpensesGrp/FundraisingAmt238
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12320
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2152
IRS990/OtherExpensesGrp/ProgramServicesAmt040967
IRS990/OtherExpensesGrp/ProgramServicesAmt129987
IRS990/OtherExpensesGrp/ProgramServicesAmt24530
IRS990/OtherExpensesGrp/ProgramServicesAmt33631
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IRS990/OtherExpensesGrp/TotalAmt132632
IRS990/OtherExpensesGrp/TotalAmt24530
IRS990/OtherExpensesGrp/TotalAmt33821
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0133044
IRS990/PartialLiquidationInd00
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IRS990/PrincipalOfficerNm0Megan McNally
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IRS990/ProgSrvcAccomActy2Grp/Desc0Small 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.
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