Civic Intelligence

Net-Works Inc.

990 • Fiscal year 2022 • EIN 56-1844934

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

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

84th percentile

0.10x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • NTEE N • <$500k nonprofits • Source year 2022

Liabilities / Revenue

73rd percentile

0.00x

Higher debt load relative to revenue than 73% of similar nonprofits.

2022 filings • NTEE N • <$500k nonprofits • Source year 2022

Net Margin

38th percentile

0.4%

Higher net margin than 38% of similar nonprofits.

2022 filings • NTEE N • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$73,150

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 38.5% of source-year revenue.

2022 filings • NTEE N • <$500k nonprofits • Source year 2022

Asset Growth

56th percentile

7.9%

Faster asset growth than 56% of similar nonprofits.

2022 filings • NTEE N • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

34th percentile

2.4%

Faster revenue growth than 34% of similar nonprofits.

2022 filings • NTEE N • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$9,165

Up $672 (+7.9%) from 2021

Net Assets

Up

$8,219

Up $762 (+10%) from 2021

Liabilities

Down

$946

Down $90 (-8.7%) from 2021

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin38th percentile

Revenue

Up

$190,156

Up $4,525 (+2.4%) from 2021

Expenses

Down

$189,394

Down $364 (-0.2%) from 2021

Net Income

Up

$762

Up $4,889 (+118%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth56th 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

2022

Assets$9,165
Liabilities$946
Net Assets$8,219
Open 2022 Filing

Operations Trend

Revenue Growth34th 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

2022

Revenue$190,156
Expenses$189,394
Net Income$762
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$190,156
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
Cash and Non-Interest-Bearing Accounts$8,493$9,165▲ $672
Rtn Earn Endowment Incm Other Fnds$7,457$8,219▲ $762
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,493$9,165▲ $672
Liabilities
Other Liabilities$1,027$937▼ $90
Accounts Payable and Accrued Expenses$9$9→ $0
Total Liabilities$1,036$946▼ $90
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,457$8,219▲ $762
Total Liabilities and Net Assets / Fund Balance$8,493$9,165▲ $672
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael HollisPresidentFT$73,150$73,150

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
$9,425
Program Service Revenue
$180,728
Investment Income
$3
Other Revenue
$0
All Other Contributions
$9,425
Change in Net Assets
$762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$170,326
Other Expenses$19,068
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,581$19,592-$85,173
Current Officers, Directors, Trustees, and Key Employees$59,850$13,300-$73,150
Payroll Taxes$9,500$2,503-$12,003
Insurance-$4,291-$4,291
Fees for Services Accounting$1,038$3,115-$4,153
Advertising$3,902--$3,902
Office Expenses-$964-$964
All Other Expenses$298$224-$522
Other Expenses$480$902-$480
Total Functional Expenses$142,992$46,402$0$189,394
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$937
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

“Robert monroe and jeff monroe have a family relationship.”

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

“The 990 is reviewed by the full board of directors prior to filing.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are available to the public upon request.”

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
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hollis
Formed
1993
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
4

Preparer

Firm
Elliott Davis Llcpllc
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
Raw XML Appendix377 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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0190156
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0185631
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0238407
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0286436
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0253297
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01153927
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0937
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0937
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT MONROE AND JEFF MONROE HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE FULL BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08493
IRS990/TotalAssetsEOYAmt09165
IRS990/TotalAssetsGrp/BOYAmt08493
IRS990/TotalAssetsGrp/EOYAmt09165
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09425
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046402
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0142992
IRS990/TotalFunctionalExpensesGrp/TotalAmt0189394
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01036
IRS990/TotalLiabilitiesEOYAmt0946
IRS990/TotalLiabilitiesGrp/BOYAmt01036
IRS990/TotalLiabilitiesGrp/EOYAmt0946
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07457
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08219
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0142992
IRS990/TotalProgramServiceRevenueAmt0180728
IRS990/TotalReportableCompFromOrgAmt073150
IRS990/TotalRevenueGrp/ExclusionAmt03
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0180728
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0190156
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08493
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09165
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/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NETWORKSBASKETBALL.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL HOLLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09192338801
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
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/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570381582
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIOTT DAVIS LLCPLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 EAST MOREHEAD STREET SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028202
ReturnHeader/PreparerPersonGrp/PhoneNum07043338881
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANICE A RATICA
ReturnHeader/ReturnTs02023-11-15T10:36:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOLLIS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,165
Liabilities
$946
Net assets
$8,219
Revenue
$190,156
Expenses
$189,394
Net income
$762
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