Civic Intelligence

The Heads Network Inc

990 • Fiscal year 2025 • EIN 46-3524581

Jul 01, 2024 to Jun 30, 2025 • Filed on Feb 13, 2026

Organization Profilewww.headsnetwork.org

View Organization Page

737 Wesley AveOak Park, IL 60304

(773) 780-8292

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.13x

Higher debt load relative to assets than 62% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

68th percentile

0.21x

Higher debt load relative to revenue than 68% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

80th percentile

27%

Higher net margin than 80% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

82nd percentile

$140,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

84th percentile

24%

Faster asset growth than 84% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$1,042,933

Up $202,574 (+24%) from 2024

Net Assets

Up

$903,754

Up $234,457 (+35%) from 2024

Liabilities

Down

$139,179

Down $31,883 (-19%) from 2024

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin80th percentile

Revenue

Up

$659,084

Up $118,595 (+22%) from 2024

Expenses

Up

$480,089

Up $21,969 (+4.8%) from 2024

Net Income

Up

$178,995

Up $96,626 (+117%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$1.5M$1.0M$500K$0Assets 2015: $355,788Liabilities 2015: $42,260Net Assets 2015: $313,5282015Assets 2016: $404,845Liabilities 2016: $36,604Net Assets 2016: $368,2412016Assets 2017: $415,276Liabilities 2017: $36,924Net Assets 2017: $378,3522017Assets 2018: $451,602Liabilities 2018: $45,699Net Assets 2018: $405,9032018Assets 2019: $480,235Liabilities 2019: $56,223Net Assets 2019: $424,0122019Assets 2020: $403,178Liabilities 2020: $30,054Net Assets 2020: $373,1242020Assets 2021: $515,433Liabilities 2021: $14,259Net Assets 2021: $501,1742021Assets 2022: $549,630Liabilities 2022: $31,908Net Assets 2022: $517,7222022Assets 2023: $578,236Liabilities 2023: $24,501Net Assets 2023: $553,7352023Assets 2024: $840,359Liabilities 2024: $171,062Net Assets 2024: $669,2972024Assets 2025: $1,042,933Liabilities 2025: $139,179Net Assets 2025: $903,7542025

Highlighted filing

2025

Assets$1,042,933
Liabilities$139,179
Net Assets$903,754
Open 2025 Filing

Operations Trend

Revenue Growth73rd percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $258,163Expenses 2015: $296,184Net Income 2015: -$38,0212015Revenue 2016: $303,447Expenses 2016: $231,507Net Income 2016: $71,9402016Revenue 2017: $246,102Expenses 2017: $267,404Net Income 2017: -$21,3022017Revenue 2018: $327,628Expenses 2018: $272,408Net Income 2018: $55,2202018Revenue 2019: $300,460Expenses 2019: $277,040Net Income 2019: $23,4202019Revenue 2020: $324,860Expenses 2020: $380,331Net Income 2020: -$55,4712020Revenue 2021: $266,251Expenses 2021: $201,115Net Income 2021: $65,1362021Revenue 2022: $434,522Expenses 2022: $332,118Net Income 2022: $102,4042022Revenue 2023: $475,177Expenses 2023: $458,575Net Income 2023: $16,6022023Revenue 2024: $540,489Expenses 2024: $458,120Net Income 2024: $82,3692024Revenue 2025: $659,084Expenses 2025: $480,089Net Income 2025: $178,9952025

Highlighted filing

2025

Revenue$659,084
Expenses$480,089
Net Income$178,995
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 13, 2026
Return Version
2024v5.2
Gross Receipts
$695,380
Mission and Program Overview

Mission

The heads network promotes active collaboration and professional growth for independent school heads and leaders who are committed to the education of girls and advancing women's leadership. Programs include an annual meeting in a unique venue, mentoring seminars for aspiring women leaders, and professional networking for all member schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$488,446$690,285▲ $201,839
Cash and Non-Interest-Bearing Accounts$308,734$289,970▼ $18,764
Prepaid Expenses and Deferred Charges$10,000$34,178▲ $24,178
Accounts Receivable$4,679$0▼ $4,679
Pledges and Grants Receivable$3,500$0▼ $3,500
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$840,359$1,042,933▲ $202,574
Other Assets Total$25,000$28,500▲ $3,500
Liabilities
Deferred Revenue$165,400$135,291▼ $30,109
Accounts Payable and Accrued Expenses$5,662$3,888▼ $1,774
Total Liabilities$171,062$139,179▼ $31,883
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$640,797$875,254▲ $234,457
Net Assets With Donor Restrictions$28,500$28,500→ $0
Total Net Assets Fund Balance$669,297$903,754▲ $234,457
Total Liabilities and Net Assets / Fund Balance$840,359$1,042,933▲ $202,574

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$25,000$3,500--$28,500
2023$21,000$4,000--$25,000
2022$7,000$14,000--$21,000
2021-$7,000--$7,000
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer EversExecutive DirectorFT$140,000$140,000

Board Members and Trustees

NameTitle
Ann KlotzChair
Megan CoverVice Chair
Colleen RamsdenBoard Member
Dan GlassBoard Member
Donna LindnerBoard Member
Ereni MalfaBoard Member
Jennifer CiccarelliBoard Member
Matt ByrnesBoard Member
Nola-rae CronanBoard Member
Sally KeidelBoard Member
Jennifer GalambosMember at Large
Ken AldridgeRegional VC
Percy AbramRegional VC
Kim WargoSecretary
Geoff WaggTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$282,262
Program Service Revenue
$329,834
Investment Income
$34,238
Other Revenue
$12,750
Change in Net Assets
$178,995

Audited Revenue Reconciliation

Revenue per Audited Statements
$653,345
Revenue Not Reported on Financial Statements
$5,739
Revenue Not Reported on Form 990
$55,462
Other Revenue Adjustments
$1
Total Revenue per Audited Statements
$708,807
Total Revenue per Form 990
$659,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,463
Salaries, Compensation, and Employee Benefits$151,626
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$185,907$1,047-$186,954
Current Officers, Directors, Trustees, and Key Employees$119,000$21,000-$140,000
Information Technology$15,635$6,701-$22,336
Fees for Services Other$8,334$13,832-$22,166
Insurance$1,646$14,119-$15,765
All Other Expenses$9,515$3,533-$13,048
Payroll Taxes$9,882$1,744-$11,626
Travel$8,102$2,701-$10,803
Fees for Services Accounting$3,978$3,978-$7,956
Other Expenses$7,993$5,738-$5,738
Office Expenses$1,085$2,015-$3,100
Fees for Services Legal-$1,131-$1,131
Total Functional Expenses$393,214$86,875$0$480,089

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$480,089
Expenses per Audited Statements$474,351
Total Expenses per Audited Statements$474,351
Expenses Not Reported on Financial Statements$5,738
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
Other officer compensation reviewed
Yes
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 6

“Schools applying for membership in the heads network should be members of the national association of independent schools (nais), the canadian independent accredited schools association, or be currently accredited by one of the member nais accrediting bodies or by one of the six federally recognized school/college accrediting bodies. Eligible schools may become members of the heads network by completing an application form, paying annual dues, and being approved by the board of trustees.”

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

“Members will review the return individually, send their vote to the treasurer, and have a phone meeting to discuss if necessary.”

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

“Each trustee signs conflict of interest forms and is required to report any conflicts to the full board.”

Form 990, Part VI, Section B, Line 15A

“The board completes an evaluation form; there is a board discussion; the finance committee recommends compensation; and the board chair meets with the executive director. There is a written contract which was drawn up by an attorney.”

Form 990, Part VI, Section B, Line 15B

“The board completes an evaluation form; there is a board discussion; the finance committee recommends compensation; and the board chair meets with the executive director. There is a written contract which was drawn up by an attorney.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
The Heads Network Inc
EIN
46-3524581
Phone
7737808292
Address
737 Wesley Ave, Oak Park, IL 60304

Signing Officer

Name
Jennifer Evers
Title
Executive Director
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Evers
Formed
2013
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
30

Preparer

Firm
Cray Kaiser Ltd
Address
1801 S MEYERS RD STE 300, OAKBROOK TERRACE, IL 60181
Preparer
Amy S Langfelder
Phone
6309534900
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Heads Network, Inc. is organized as a nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as an organization described in IRC Section 501(c)(3), qualifies for the charitable contribution deduction, and has been determined not to be a private foundation. We are annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, it is subject to income tax on net income that is derived from business activities that are unrelated to our exempt purposes. We have determined that we are not subject to unrelated business income tax and have not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS.US GAAP require the Organization's management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would be sustained upon examination by the IRS. The Organization's management has analyzed the tax positions taken by the Organization and has concluded that, as of June 30, 2025 and 2024, no uncertain positions have been taken or are expected to be taken that would require recognition of a tax liabilitiy (or asset) or disclosure in the financial statements. The Organization is subject to routine audits by taxing jurisdictions for the periods of 2020 to the present. There are currently no audits for any tax periods in progress.”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Rounding $1”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,042,933
Liabilities
$139,179
Net assets
$903,754
Revenue
$659,084
Expenses
$480,089
Net income
$178,995
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.04$0.14$0.90$0.66$0.48$0.18
2024Detailed filing. Detailed filing data is available for this year.$0.84$0.17$0.67$0.54$0.46$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.58$0.02$0.55$0.48$0.46$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.03$0.52$0.43$0.33$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.50$0.27$0.20$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.40$0.03$0.37$0.32$0.38$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.48$0.06$0.42$0.30$0.28$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.05$0.41$0.33$0.27$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.04$0.38$0.25$0.27$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.04$0.37$0.30$0.23$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.36$0.04$0.31$0.26$0.30$0.04