Civic Intelligence

Net-Works Inc.

990 • Fiscal year 2017 • EIN 56-1844934

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 11, 2018

Organization ProfileWWW.NETWORKSBASKETBALL.COM
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

72nd percentile

0.02x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.00x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

31st percentile

-3.2%

Higher net margin than 31% of similar nonprofits.

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

Top Officer Pay

99th percentile

$68,650

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 26.3% of source-year revenue.

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

Asset Growth

21st percentile

-16%

Faster asset growth than 21% of similar nonprofits.

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

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$62,991

Down $12,104 (-16%) from 2016

Net Assets

Down

$61,945

Down $8,336 (-12%) from 2016

Liabilities

Down

$1,046

Down $3,768 (-78%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin31st percentile

Revenue

Down

$260,586

Down $109,565 (-30%) from 2016

Expenses

Down

$268,922

Down $36,834 (-12%) from 2016

Net Income

Down

-$8,336

Down $72,731 (-113%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

2017

Assets$62,991
Liabilities$1,046
Net Assets$61,945
Open 2017 Filing

Operations Trend

Revenue Growth10th percentile

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

2017

Revenue$260,586
Expenses$268,922
Net Income-$8,336
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 11, 2018
Return Version
2017v2.2
Gross Receipts
$260,586
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$70,281$61,945▼ $8,336
Cash and Non-Interest-Bearing Accounts$68,295$56,191▼ $12,104
Investments Other Securities$6,800$6,800→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$75,095$62,991▼ $12,104
Liabilities
Other Liabilities$4,814$1,046▼ $3,768
Total Liabilities$4,814$1,046▼ $3,768
Net Assets / Fund Balance
Total Net Assets Fund Balance$70,281$61,945▼ $8,336
Total Liabilities and Net Assets / Fund Balance$75,095$62,991▼ $12,104

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$23,469-
Equipment$0$11,491-
Other Securities$6,800--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael HollisPresidentFT$68,650$68,650

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
$10,050
Program Service Revenue
$250,536
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,050
Change in Net Assets
$-8,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$183,336
Other Expenses$85,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,870$19,890-$101,760
Current Officers, Directors, Trustees, and Key Employees$41,190$27,460-$68,650
Advertising$24,006--$24,006
Payroll Taxes$9,350$3,576-$12,926
Insurance-$7,580-$7,580
Fees for Services Accounting$746$2,237-$2,983
Other Expenses$3,198$2,276-$2,276
All Other Expenses$1,122$525-$1,647
Office Expenses-$1,535-$1,535
Total Functional Expenses$195,682$73,240$0$268,922
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$1,041
Payroll Liabilities$5
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 11B

“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
2018-06-11
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
18
Volunteers
0

Preparer

Firm
Elliott Davis 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01041
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15
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/TotalLiabilityAmt01046
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 11B
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/TotalAssetsBOYAmt075095
IRS990/TotalAssetsEOYAmt062991
IRS990/TotalAssetsGrp/BOYAmt075095
IRS990/TotalAssetsGrp/EOYAmt062991
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010050
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073240
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0195682
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268922
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04814
IRS990/TotalLiabilitiesEOYAmt01046
IRS990/TotalLiabilitiesGrp/BOYAmt04814
IRS990/TotalLiabilitiesGrp/EOYAmt01046
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt070281
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt061945
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0195682
IRS990/TotalProgramServiceRevenueAmt0250536
IRS990/TotalReportableCompFromOrgAmt068650
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0250536
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0260586
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt075095
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt062991
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL HOLLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09192338801
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-11
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01D973A2CB9B8D2A73A891607673E20E967BE5998
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.195.93.34
ReturnHeader/FilingSecurityInformation/IPDt02018-06-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:02:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570381582
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIOTT DAVIS 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/PreparationDt02018-06-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN LUNSFORD
ReturnHeader/ReturnTs02018-09-21T13:41:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,991
Liabilities
$1,046
Net assets
$61,945
Revenue
$260,586
Expenses
$268,922
Net income
-$8,336
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