Liabilities / Assets
78th percentile
Higher debt load relative to assets than 78% of similar nonprofits.
Networks Inc
EIN 56-1844934 • 501(c)3 • Apex, NC
Profile
Provide instruction in basketball for children as a foundation for character development. Scholarships are provided for individuals unable to pay.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.09x
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
52nd percentile
Higher net margin than 52% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Top officer pay equals 37.1% of source-year revenue.
Asset Growth
89th percentile
Faster asset growth than 89% of similar nonprofits.
Revenue Growth
54th percentile
Faster revenue growth than 54% of similar nonprofits.
Balance Sheet
Assets
Up$23,758
Up $6,120 (+35%) from 2023
Liabilities
Up$2,123
Up $1,035 (+95%) from 2023
Net Assets
Up$21,635
Up $5,085 (+31%) from 2023
Revenue
Down$197,034
Down $798 (-0.4%) from 2023
Expenses
Up$191,949
Up $2,448 (+1.3%) from 2023
Net Income
Down$5,085
Down $3,246 (-39%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $23,758
- Liabilities
- $2,123
- Net assets
- $21,635
- Revenue
- $197,034
- Expenses
- $191,949
- Net income
- $5,085
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 29, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $197,034
Mission and Program Overview
Mission
Provide instruction in basketball for children as a foundation for character development. Scholarships are provided for individuals unable to pay.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDED CLINICS FOR CHILDREN TO DEVELOP BASKETBALL SKILLS, TO PROMOTE TEAMWORK AND INDIVIDUAL WORK ETHICS, AND PROVIDED A SAFE AND INSTRUCTIVE ENVIRONMENT OUTSIDE OF SCHOOL HOURS. | $0 | $142,987 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MICHAEL HOLLIS | President | FT | $73,150 | - | $73,150 |
| JEFF MONROE | Board Member | - | $0 | - | - |
| RICK KING | Board Member | - | $0 | - | - |
| SHAVELIK RANDOLPH | Board Member | - | $0 | - | - |
| STANLEY WERB | Chairman | PT | $0 | - | - |
| ROBERT MONROE | Secretary/Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Networks Inc
- EIN
- 56-1844934
- Phone
- 9192338801
- Address
- PO BOX 448, APEX, NC 27502-0448
Signing Officer
- Name
- Michael Hollis
- Title
- President
- Phone
- 9192338801
- Signed
- 2025-05-29
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Elliott Davis Pllc
- Address
- 500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
- Preparer
- Janice a Ratica
- Phone
- 7043338881
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: miscellaneous. Amount: 200.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: payroll taxes. Amount: 12,076. Description: advertising. Amount: 1,446. Description: office expenses. Amount: 2,403. Description: insurance. Amount: 3,325. Description: auto expenses. Amount: 2,631. Description: ball handling club expenses. Amount: 2,424. Description: bank/credit card fees. Amount: 840. Description: program expenses. Amount: 833. Total to form 990-ez, line 16: 25,978.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: prepaid expenses. Beg. Of year amount: 0. End of year amount: 624.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 1,085. End of year amount: 2,123. Description: payroll liabilities. Beg. Of year amount: 3. End of year amount: 0.”
Raw XML Appendix207 raw XML fields
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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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 23758 |
| IRS990EZ/GrossReceiptsAmt | 0 | 197034 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
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| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 16550 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 21635 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 16550 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RICK KING |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | STANLEY WERB |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | ROBERT MONROE |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | SECRETARY/TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 624 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 25978 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 200 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROVIDE INSTRUCTION IN BASKETBALL FOR CHILDREN AS A FOUNDATION FOR CHARACTER DEVELOPMENT. SCHOLARSHIPS ARE PROVIDED FOR INDIVIDUALS UNABLE TO PAY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 434 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 126134 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDED CLINICS FOR CHILDREN TO DEVELOP BASKETBALL SKILLS, TO PROMOTE TEAMWORK AND INDIVIDUAL WORK ETHICS, AND PROVIDED A SAFE AND INSTRUCTIVE ENVIRONMENT OUTSIDE OF SCHOOL HOURS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 142987 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 158835 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1088 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2123 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 191949 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 142987 |
| IRS990EZ/TotalRevenueAmt | 0 | 197034 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.NETWORKSBASKETBALL.COM |
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| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt | 0 | 30400 |
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| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 142400 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 156815 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 0 |
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| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 16 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 162432 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 770317 |
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| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 8 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 5 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 16 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
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| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 43712 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 81712 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.77780 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.80160 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 784732 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: MISCELLANEOUS. AMOUNT: 200. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PAYROLL TAXES. AMOUNT: 12,076. DESCRIPTION: ADVERTISING. AMOUNT: 1,446. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 2,403. DESCRIPTION: INSURANCE. AMOUNT: 3,325. DESCRIPTION: AUTO EXPENSES. AMOUNT: 2,631. DESCRIPTION: BALL HANDLING CLUB EXPENSES. AMOUNT: 2,424. DESCRIPTION: BANK/CREDIT CARD FEES. AMOUNT: 840. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 833. TOTAL TO FORM 990-EZ, LINE 16: 25,978. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 624. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 1,085. END OF YEAR AMOUNT: 2,123. DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 3. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL HOLLIS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9192338801 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | NETWORKS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NETW |
| ReturnHeader/Filer/EIN | 0 | 561844934 |
| ReturnHeader/Filer/PhoneNum | 0 | 9192338801 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 448 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | APEX |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 275020448 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 570381582 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ELLIOTT DAVIS PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 500 EAST MOREHEAD STREET SUITE 700 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHARLOTTE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 28202 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7043338881 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-05-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JANICE A RATICA |
| ReturnHeader/ReturnTs | 0 | 2025-05-30T08:25:36-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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