Civic Intelligence

Down Syndrome Network Inc.

990 • Fiscal year 2022 • EIN 61-1409048

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

1445 E Guadalupe RdTempe, AZ 85283

(480) 759-9150

Siviq Scores

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

Liabilities / Assets

90th percentile

0.48x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

0.44x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

24th percentile

-13%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$75,308

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 26.6% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

31st percentile

-10%

Faster asset growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

32nd percentile

-8.7%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$259,414

Down $30,408 (-10%) from 2021

Net Assets

Down

$135,402

Down $35,920 (-21%) from 2021

Liabilities

Up

$124,012

Up $5,512 (+4.7%) from 2021

Revenue

Down

$282,702

Down $27,060 (-8.7%) from 2021

Expenses

Down

$318,622

Down $30,730 (-8.8%) from 2021

Net Income

Up

-$35,920

Up $3,670 (+9.3%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $130,027Liabilities 2011: $02011Assets 2013: $132,827Liabilities 2013: $2,1722013Assets 2014: $167,848Liabilities 2014: $4,9892014Assets 2015: $163,636Liabilities 2015: $762015Assets 2016: $194,533Liabilities 2016: $31,1342016Assets 2017: $188,354Liabilities 2017: $22,952Net Assets 2017: $165,4022017Assets 2018: $229,889Liabilities 2018: $73,387Net Assets 2018: $156,5022018Assets 2019: $239,114Liabilities 2019: $1,951Net Assets 2019: $237,1632019Assets 2020: $220,912Liabilities 2020: $0Net Assets 2020: $220,9122020Assets 2021: $289,822Liabilities 2021: $118,500Net Assets 2021: $171,3222021Assets 2022: $259,414Liabilities 2022: $124,012Net Assets 2022: $135,4022022Assets 2023: $268,489Liabilities 2023: $124,315Net Assets 2023: $144,1742023Assets 2024: $230,363Liabilities 2024: $121,703Net Assets 2024: $108,6602024

Highlighted filing

2022

Assets$259,414
Liabilities$124,012
Net Assets$135,402

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $109,839Expenses 2011: $77,865Net Income 2011: $31,9742011Revenue 2013: $62,063Expenses 2013: $85,683Net Income 2013: -$23,6202013Revenue 2014: $120,332Expenses 2014: $88,089Net Income 2014: $32,2432014Revenue 2015: $192,218Expenses 2015: $191,517Net Income 2015: $7012015Revenue 2016: $190,288Expenses 2016: $190,449Net Income 2016: -$1612016Revenue 2017: $234,173Expenses 2017: $226,858Net Income 2017: $7,3152017Revenue 2018: $266,854Expenses 2018: $274,204Net Income 2018: -$7,3502018Revenue 2019: $430,621Expenses 2019: $349,210Net Income 2019: $81,4112019Revenue 2020: $266,993Expenses 2020: $283,495Net Income 2020: -$16,5022020Revenue 2021: $309,762Expenses 2021: $349,352Net Income 2021: -$39,5902021Revenue 2022: $282,702Expenses 2022: $318,622Net Income 2022: -$35,9202022Revenue 2023: $263,264Expenses 2023: $254,492Net Income 2023: $8,7722023Revenue 2024: $234,079Expenses 2024: $269,590Net Income 2024: -$35,5112024

Highlighted filing

2022

Revenue$282,702
Expenses$318,622
Net Income-$35,920
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 14, 2023
Return Version
2022v5.0
Gross Receipts
$357,282
Mission and Program Overview

Mission

Our mission at DSNetwork is to educate, support, and advocate for those in our community touched by Down syndrome. DSNetwork achieves this goal through an open, supportive and collaborative network that connects individuals and families with needed resources and information.

Our mission at DSNetwork is to educate, support, and advocate for those in our community touched by Down syndrome.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$270,669$245,721▼ $24,948
Cash and Non-Interest-Bearing Accounts$19,153$13,693▼ $5,460
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$289,822$259,414▼ $30,408
Liabilities
Mortgage Notes Payable Secured by Investment Property$118,500$124,012▲ $5,512
Total Liabilities$118,500$124,012▲ $5,512
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$171,322$135,402▼ $35,920
Total Net Assets Fund Balance$171,322$135,402▼ $35,920
Total Liabilities and Net Assets / Fund Balance$289,822$259,414▼ $30,408
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer OConnellExecutive DirectorFT$75,308$75,308

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$316,686
Program Service Revenue
$3,076
Investment Income
$52
Other Revenue
$-37,112
All Other Contributions
$185,791
Change in Net Assets
$-35,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$194,792
Other Expenses$100,330
Total Fundraising Expense$74,651
Professional Fundraising Fees$23,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$73,949$10,564$21,128$105,641
Current Officers, Directors, Trustees, and Key Employees$22,592$30,124$22,592$75,308
Fees for Services Professional Fundraising--$23,500$23,500
Fees for Services Other$11,925$6,658-$18,583
Occupancy$13,333$2,160-$15,493
Office Expenses$3,176$10,763$938$14,877
Payroll Taxes$9,690$1,384$2,769$13,843
Fees for Services Accounting$26$10,619$0$10,645
Information Technology$751$6,298$2,515$9,564
Fees for Services Lobbying$7,500--$7,500
Insurance$5,437$1,812-$7,249
Interest-$5,568-$5,568
Other Expenses$2,829$2,799$208$2,799
Advertising$180$191$348$719
Total Functional Expenses$154,188$89,783$74,651$318,622
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$74,580
Fundraising Gross Income$37,468
Professional Fundraising Fees$23,500

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Walk$92,517$18,000-$18,000
Gala$58,805$12,591$13,122$-531
Total Events$168,363$37,468$74,580$-37,112
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 B, Line 12C

All directors review conflict of interest policies annually.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 and annually reviewed financial statements available to download on their website. Governing documents and conflict of interest policy documents are available for public inspection upon request by contacting the organization.

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

The organization seeks readily available market data to determine the appropriate compensation for the Executive Director.

Filing and Contact Details

Filer

Filer Name
Down Syndrome Network Inc
EIN
61-1409048
Phone
4807599150
Address
1445 E Guadalupe Rd, Tempe, AZ 85283
Doing Business As
DSNetwork

Signing Officer

Name
Cassandra Laughrey
Title
Board Chair
Signed
2023-04-14

Organization Details

Formed
2002
Legal Domicile
Az
Voting Board Members
8
Independent Board Members
8
Employees
10
Volunteers
111

Preparer

Firm
Stevenson CPA LLC
Address
24 W Camelback Road A568, Phoenix, AZ 85013
Preparer
Lisa Stevenson
Phone
6023199243
Supplemental Narrative

Additional Explanations

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

The organization provides draft copies of the form 990 to all directors for their review and approval prior to filing.

990 Part XII, Line 1

DSN reports on the modified cash basis. The modification from cash is the inclusion of a note payable in the liabilities.

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