Civic Intelligence

Net-Works Inc.

990 • Fiscal year 2014 • EIN 56-1844934

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

PO Box 448Apex, NC 27502-0448

(919) 233-8801

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.12x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Source year 2014

Net Margin

46th percentile

1.2%

Higher net margin than 46% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$60,040

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 19.3% of source-year revenue.

2014 filings • NTEE N • <$500k nonprofits • Source year 2014

Asset Growth

83rd percentile

41%

Faster asset growth than 83% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$21,558

Up $6,232 (+41%) from 2013

Net Assets

Up

$18,925

Up $3,810 (+25%) from 2013

Liabilities

Up

$2,633

Up $2,422 (+1148%) from 2013

Revenue

Up

$310,729

Up $37,098 (+14%) from 2013

Expenses

Up

$306,919

Up $22,748 (+8.0%) from 2013

Net Income

Up

$3,810

Up $14,350 (+136%) from 2013

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2011: $23,505Liabilities 2011: $509Net Assets 2011: $22,9962011Assets 2012: $25,929Liabilities 2012: $274Net Assets 2012: $25,6552012Assets 2013: $15,326Liabilities 2013: $211Net Assets 2013: $15,1152013Assets 2014: $21,558Liabilities 2014: $2,633Net Assets 2014: $18,9252014Assets 2015: $6,800Liabilities 2015: $914Net Assets 2015: $5,8862015Assets 2016: $75,095Liabilities 2016: $4,814Net Assets 2016: $70,2812016Assets 2017: $62,991Liabilities 2017: $1,046Net Assets 2017: $61,9452017Assets 2018: $39,758Liabilities 2018: $2,892Net Assets 2018: $36,8662018Assets 2019: $10,718Liabilities 2019: $2,154Net Assets 2019: $8,5642019Assets 2020: $12,479Liabilities 2020: $895Net Assets 2020: $11,5842020Assets 2021: $8,493Liabilities 2021: $1,036Net Assets 2021: $7,4572021Assets 2022: $9,165Liabilities 2022: $946Net Assets 2022: $8,2192022Assets 2023: $17,638Liabilities 2023: $1,088Net Assets 2023: $16,5502023Assets 2024: $23,758Liabilities 2024: $2,123Net Assets 2024: $21,6352024

Highlighted filing

2014

Assets$21,558
Liabilities$2,633
Net Assets$18,925

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $268,170Expenses 2011: $262,918Net Income 2011: $5,2522011Expenses 2012: $270,5932012Revenue 2013: $273,631Expenses 2013: $284,171Net Income 2013: -$10,5402013Revenue 2014: $310,729Expenses 2014: $306,919Net Income 2014: $3,8102014Revenue 2015: $311,012Expenses 2015: $324,051Net Income 2015: -$13,0392015Revenue 2016: $370,151Expenses 2016: $305,756Net Income 2016: $64,3952016Revenue 2017: $260,586Expenses 2017: $268,922Net Income 2017: -$8,3362017Revenue 2018: $253,547Expenses 2018: $278,626Net Income 2018: -$25,0792018Revenue 2019: $286,581Expenses 2019: $314,883Net Income 2019: -$28,3022019Revenue 2020: $231,607Expenses 2020: $228,587Net Income 2020: $3,0202020Revenue 2021: $185,631Expenses 2021: $189,758Net Income 2021: -$4,1272021Revenue 2022: $190,156Expenses 2022: $189,394Net Income 2022: $7622022Revenue 2023: $197,832Expenses 2023: $189,501Net Income 2023: $8,3312023Revenue 2024: $197,034Expenses 2024: $191,949Net Income 2024: $5,0852024

Highlighted filing

2014

Revenue$310,729
Expenses$306,919
Net Income$3,810
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$310,729
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$15,115$18,925▲ $3,810
Cash and Non-Interest-Bearing Accounts$8,341$14,758▲ $6,417
Investments Other Securities$6,800$6,800→ $0
Land, Buildings, and Equipment, Net$185$0▼ $185
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$15,326$21,558▲ $6,232
Liabilities
Other Liabilities$211$2,633▲ $2,422
Total Liabilities$211$2,633▲ $2,422
Net Assets / Fund Balance
Total Net Assets Fund Balance$15,115$18,925▲ $3,810
Total Liabilities and Net Assets / Fund Balance$15,326$21,558▲ $6,232

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$23,469-
Equipment$0$11,491-
Other Securities$6,800--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael HollisPresidentPT$60,040$60,040

Board Members and Trustees

NameTitle
Stanley WerbChairman
Jeff MonroeBoard Member
Rick KingBoard Member
Shavelik RandolphBoard Member
Robert MonroeSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$60,000
Program Service Revenue
$250,729
Investment Income
$0
Other Revenue
$0
All Other Contributions
$60,000
Change in Net Assets
$3,810
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,030
Other Expenses$99,889
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,861$37,434-$132,295
Current Officers, Directors, Trustees, and Key Employees$24,016$36,024-$60,040
Advertising$25,201--$25,201
Payroll Taxes$9,082$5,613-$14,695
Insurance-$8,221-$8,221
All Other Expenses$1,198$1,578-$2,776
Fees for Services Accounting$591$1,774-$2,365
Other Expenses$2,266$5,291-$2,266
Office Expenses-$1,972-$1,972
Depreciation Depletion-$186-$186
Total Functional Expenses$200,925$105,994$0$306,919
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$2,621
Payroll Liabilities$12
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 2

The secretary/treasurer's son is on the board of directors, but is not an officer.

Form 990, Part VI, Section B, Line 11

This tax return is given to the president for review before finalization.

Form 990, Part VI, Section C, Line 19

The organization would supply a copy of the governing documents and finanical statements to the public if they were requested.

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
2015-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hollis
Formed
1993
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
2
Employees
26
Volunteers
0

Preparer

Firm
Elliott Davis Decosimo Llcpllc
Address
5410 TRINITY ROAD SUITE 320, RALEIGH, NC 27607-6003
Preparer
John Lunsford
Phone
9197837073
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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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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011491
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt011491
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023469
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt023469
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02621
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt06800
IRS990ScheduleD/OtherSecuritiesGrp/Desc0GEORGIA BANCSHARES STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt06800
IRS990ScheduleD/TotalLiabilityAmt02633
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SECRETARY/TREASURER'S SON IS ON THE BOARD OF DIRECTORS, BUT IS NOT AN OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS TAX RETURN IS GIVEN TO THE PRESIDENT FOR REVIEW BEFORE FINALIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WOULD SUPPLY A COPY OF THE GOVERNING DOCUMENTS AND FINANICAL STATEMENTS TO THE PUBLIC IF THEY WERE REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015326
IRS990/TotalAssetsEOYAmt021558
IRS990/TotalAssetsGrp/BOYAmt015326
IRS990/TotalAssetsGrp/EOYAmt021558
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt060000
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0105994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0200925
IRS990/TotalFunctionalExpensesGrp/TotalAmt0306919
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0211
IRS990/TotalLiabilitiesEOYAmt02633
IRS990/TotalLiabilitiesGrp/BOYAmt0211
IRS990/TotalLiabilitiesGrp/EOYAmt02633
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015115
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018925
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0200925
IRS990/TotalProgramServiceRevenueAmt0250729
IRS990/TotalReportableCompFromOrgAmt060040
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0250729
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0310729
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015326
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021558
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 448
IRS990/USAddress/CityNm0APEX
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd0275020448
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.NETWORKSBASKETBALL.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL HOLLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09192338801
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NETWORKS INC
ReturnHeader/Filer/BusinessNameControlTxt0NETW
ReturnHeader/Filer/EIN0561844934
ReturnHeader/Filer/PhoneNum09192338801
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 448
ReturnHeader/Filer/USAddress/CityNm0APEX
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0275020448
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570381582
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIOTT DAVIS DECOSIMO LLCPLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05410 TRINITY ROAD SUITE 320
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0276076003
ReturnHeader/PreparerPersonGrp/PhoneNum09197837073
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN LUNSFORD
ReturnHeader/ReturnTs02015-05-14T14:16:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.24$0.02$0.22$1.97$1.92$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$1.98$1.90$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.09$0.01$0.08$1.90$1.89$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.07$1.86$1.90$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.12$2.32$2.29$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.02$0.09$2.87$3.15$0.28
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.03$0.37$2.54$2.79$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.62$2.61$2.69$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.75$0.05$0.70$3.70$3.06$0.64
2015Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.06$3.11$3.24$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.22$0.03$0.19$3.11$3.07$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$2.74$2.84$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$2.71
2011Summary only. Only limited summary data is available for this year.$0.24$0.01$0.23$2.68$2.63$0.05