Civic Intelligence

Sullivan Cty Economic Dev Commisssion DBA Networks - Sullivan Partnership

990 • Fiscal year 2019 • EIN 62-0945243

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 10, 2020

Organization ProfileWWW.NETWORKSTN.COM
PO Box 747Blountville, TN 37617

(423) 279-7681

Siviq Scores

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

Liabilities / Assets

91st percentile

0.70x

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

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

6.47x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Net Margin

6th percentile

-20%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$184,426

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 22.5% of source-year revenue.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Asset Growth

20th percentile

-1.8%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

12%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$7,559,389

Down $140,578 (-1.8%) from 2018

Net Assets

Up

$2,247,411

Up $222,444 (+11%) from 2018

Liabilities

Down

$5,311,978

Down $363,022 (-6.4%) from 2018

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Up

$821,288

Up $90,725 (+12%) from 2018

Expenses

Down

$988,902

Down $874 (-0.1%) from 2018

Net Income

Up

-$167,614

Up $91,599 (+35%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$15M$10M$5.0M$0Assets 2011: $8,841,203Liabilities 2011: $8,274,900Net Assets 2011: $566,3032011Assets 2012: $9,002,550Liabilities 2012: $7,886,358Net Assets 2012: $1,116,1922012Assets 2013: $8,827,246Liabilities 2013: $7,242,218Net Assets 2013: $1,585,0282013Assets 2014: $8,872,723Liabilities 2014: $6,854,813Net Assets 2014: $2,017,9102014Assets 2015: $8,579,538Liabilities 2015: $6,803,790Net Assets 2015: $1,775,7482015Assets 2016: $7,799,013Liabilities 2016: $6,315,244Net Assets 2016: $1,483,7692016Assets 2017: $7,957,039Liabilities 2017: $6,333,232Net Assets 2017: $1,623,8072017Assets 2018: $7,699,967Liabilities 2018: $5,675,000Net Assets 2018: $2,024,9672018Assets 2019: $7,559,389Liabilities 2019: $5,311,978Net Assets 2019: $2,247,4112019Assets 2020: $6,764,298Liabilities 2020: $4,592,269Net Assets 2020: $2,172,0292020Assets 2021: $6,760,827Liabilities 2021: $4,028,419Net Assets 2021: $2,732,4082021Assets 2022: $11,018,753Liabilities 2022: $7,634,968Net Assets 2022: $3,383,7852022Assets 2023: $12,069,698Liabilities 2023: $6,941,851Net Assets 2023: $5,127,8472023Assets 2024: $9,878,247Liabilities 2024: $6,084,850Net Assets 2024: $3,793,3972024

Highlighted filing

2019

Assets$7,559,389
Liabilities$5,311,978
Net Assets$2,247,411
Open 2019 Filing

Operations Trend

Revenue Growth77th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $743,840Expenses 2011: $1,027,991Net Income 2011: -$284,1512011Revenue 2012: $711,009Expenses 2012: $1,015,105Net Income 2012: -$304,0962012Expenses 2013: $1,058,2642013Revenue 2014: $729,411Expenses 2014: $1,063,916Net Income 2014: -$334,5052014Revenue 2015: $328,367Expenses 2015: $1,033,302Net Income 2015: -$704,9352015Revenue 2016: $291,968Expenses 2016: $937,502Net Income 2016: -$645,5342016Revenue 2017: $760,404Expenses 2017: $891,809Net Income 2017: -$131,4052017Revenue 2018: $730,563Expenses 2018: $989,776Net Income 2018: -$259,2132018Revenue 2019: $821,288Expenses 2019: $988,902Net Income 2019: -$167,6142019Revenue 2020: $555,062Expenses 2020: $943,079Net Income 2020: -$388,0172020Revenue 2021: $925,193Expenses 2021: $791,769Net Income 2021: $133,4242021Revenue 2022: $819,146Expenses 2022: $949,053Net Income 2022: -$129,9072022Revenue 2023: $786,295Expenses 2023: $943,959Net Income 2023: -$157,6642023Revenue 2024: $693,107Expenses 2024: $2,921,712Net Income 2024: -$2,228,6052024

Highlighted filing

2019

Revenue$821,288
Expenses$988,902
Net Income-$167,614
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 10, 2020
Return Version
2018v3.1
Gross Receipts
$821,288
Mission and Program Overview

Mission

To develop and implement an overall economic development strategic plan whose overall goals are to create value added jobs, expand and diversify the economic base, and generate increased local tax revenues for the local governments.

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$6,562,861$6,502,716▼ $60,145
Cash and Non-Interest-Bearing Accounts$154,652$227,991▲ $73,339
Savings and Temporary Cash Investments$246,713$197,030▼ $49,683
Land, Buildings, and Equipment, Net$24,156$30,862▲ $6,706
Prepaid Expenses and Deferred Charges$37,271$16,705▼ $20,566
Accounts Receivable$23,354$4,645▼ $18,709
Total Assets$7,699,967$7,559,389▼ $140,578
Other Assets Total$650,960$579,440▼ $71,520
Liabilities
Other Liabilities$5,667,741$5,125,528▼ $542,213
Accounts Payable and Accrued Expenses$7,259$186,450▲ $179,191
Total Liabilities$5,675,000$5,311,978▼ $363,022
Net Assets / Fund Balance
Unrestricted Net Assets$2,024,967$2,247,411▲ $222,444
Total Net Assets Fund Balance$2,024,967$2,247,411▲ $222,444
Total Liabilities and Net Assets / Fund Balance$7,699,967$7,559,389▼ $140,578

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$6,502,716--
Equipment$30,862$81,937-
Other Assets Org$97,040--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clay WalkerCEOFT$170,980$13,446$184,426

Board Members and Trustees

NameTitle
Carolyn FerrellChairman
Bill SumnerVice Chairman
David GoldenDirector
Eddie WilliamsDirector
Jerry CaldwellDirector
John CampbellDirector
Lea PowersDirector
Mayor Irene WellsDirector
Mayor John ClarkDirector
Mayor Margaret FeierabendDirector
Mayor Richard VenableDirector
Michelle DeniseDirector
David WagnerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$756,828
Program Service Revenue
$50,000
Investment Income
$316
Other Revenue
$14,144
Change in Net Assets
$-167,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$821,288
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-257,205
Total Revenue per Audited Statements
$564,083
Total Revenue per Form 990
$821,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$608,476
Salaries, Compensation, and Employee Benefits$380,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$195,916-$195,916
Current Officers, Directors, Trustees, and Key Employees$85,490$85,490-$170,980
Other Salaries and Wages$74,186$74,186-$148,372
Travel$71,229--$71,229
Other Employee Benefits$19,518$19,518-$39,036
Fees for Services Accounting-$38,770-$38,770
Conferences and Meetings$32,124--$32,124
Information Technology$20,254$10,749-$31,003
Occupancy-$30,421-$30,421
Payroll Taxes$11,019$11,019-$22,038
Office Expenses-$15,620-$15,620
Depreciation Depletion-$10,197-$10,197
Fees for Services Legal-$9,408-$9,408
Insurance-$8,038-$8,038
Other Expenses$12,290$2,692-$2,692
Total Functional Expenses$476,878$512,024$0$988,902

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$988,902
Total Expenses per Audited Statements$988,902
Total Expenses per Form 990$988,902
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Sullivan County$5,030,000
Deferred Inflow of Resources-pension Plan Investments$61,427
Accrued Interest$34,101
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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 11B

“The ceo and director of finance both review the form 990 before it is filed. All board memebers are informed via email that the draft form 990 is available for review upon request.”

Form 990, Part VI, Section B, Line 12C

“All employees and board members are required to read and sign the organizations code of ethics on an annual basis. Included in the code of ethics is a detailed outline of the organizations conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Compensation of the executive director and key employees is based on a salary comparison with sullivan county tennessee's salary survey.”

Form 990, Part VI, Section C, Line 18

“Documents are available upon request”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Sullivan Cty Economic Dev Commisssion
EIN
62-0945243
Phone
4232797681
Address
PO BOX 747, BLOUNTVILLE, TN 37617

Signing Officer

Name
David Wagner
Title
Treasurer
Phone
4232797681
Signed
2020-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clay Walker
Formed
1994
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
513 STATE STREET, BRISTOL, VA 24201
Preparer
Richard L Linnen
Phone
2766696171
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Capital contributions from member governments. 647,263.”

Financial Statement Notes

PART X, LINE 2:

“Networks accounts for uncertain tax positions in accordance with the accounting standard accounting for uncertain tax positions. This accounting standard provides detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions recognized in networks' financial statements. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will not be sustained upon examination. As of june 30, 2019, networks had no uncertain tax positions that would require financial statement recognition, derecognition, or disclosure. Networks files form 990 in the u.s. Federal jurisdiction. There are no internal revenue service (irs) examinations in progress. Networks is generally no longer subject to examination by the irs for tax years before 2015. Networks includes penalties and interest assessed by income taxing authorities in general and administrative expenses. Networks did not have penalties and interest assessed by taxing authorities during the year ended june 30, 2019.”

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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP AND IMPLEMENT AN OVERALL ECONOMIC DEVELOPMENT STRATEGIC PLAN WHOSE OVERALL GOALS ARE TO CREATE VALUE ADDED JOBS, EXPAND AND DIVERSIFY THE ECONOMIC BASE, AND GENERATE INCREASED LOCAL TAX REVENUES FOR THE LOCAL GOVERNMENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02024967
IRS990/NetAssetsOrFundBalancesEOYAmt02247411
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt09144
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09144
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-257205
IRS990/NoncashContributionsAmt016768
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt030421
IRS990/OccupancyGrp/TotalAmt030421
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015620
IRS990/OfficeExpensesGrp/TotalAmt015620
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0650960
IRS990/OtherAssetsTotalGrp/EOYAmt0579440
IRS990/OtherChangesInNetAssetsAmt0647263
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019518
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019518
IRS990/OtherEmployeeBenefitsGrp/TotalAmt039036
IRS990/OtherExpensesGrp/Desc0MARKETING
IRS990/OtherExpensesGrp/Desc1PROMOTIONS AND PROSPECT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PROPERTY EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02692
IRS990/OtherExpensesGrp/ProgramServicesAmt0108220
IRS990/OtherExpensesGrp/ProgramServicesAmt142548
IRS990/OtherExpensesGrp/ProgramServicesAmt212290
IRS990/OtherExpensesGrp/TotalAmt0108220
IRS990/OtherExpensesGrp/TotalAmt142548
IRS990/OtherExpensesGrp/TotalAmt212290
IRS990/OtherExpensesGrp/TotalAmt32692
IRS990/OtherLiabilitiesGrp/BOYAmt05667741
IRS990/OtherLiabilitiesGrp/EOYAmt05125528
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0REFUNDS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05000
IRS990/OtherRevenueTotalAmt05000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt074186
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt074186
IRS990/OtherSalariesAndWagesGrp/TotalAmt0148372
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011019
IRS990/PayrollTaxesGrp/ProgramServicesAmt011019
IRS990/PayrollTaxesGrp/TotalAmt022038
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt037271
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016705
IRS990/PrincipalOfficerNm0CLAY WALKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MARKETING SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0703560
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-27786
IRS990/PYOtherExpensesAmt0639906
IRS990/PYOtherRevenueAmt04789
IRS990/PYProgramServiceRevenueAmt050000
IRS990/PYRevenuesLessExpensesAmt0-259213
IRS990/PYSalariesCompEmpBnftPaidAmt0349870
IRS990/PYTotalExpensesAmt0989776
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0730563
IRS990/ReconcilationRevenueExpnssAmt0-167614
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt09144
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0246713
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0197030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0756828
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03557068
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09144
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04789
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08409
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015716
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt044778
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0225000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98620
IRS990ScheduleA/PublicSupportPY170Pct00.98640
IRS990ScheduleA/PublicSupportTotal170Amt03557068
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0756828
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03557068
IRS990ScheduleA/TotalSupportAmt03606846
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/BookValueAmt030862
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081937
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0112799
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0988902
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt06502716
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LAND HELD FOR DEVELOPMENT AND RESALE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-257205
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt034804
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1447596
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt297040
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED CHARGE ON REFUNDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05030000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt161427
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt234101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SULLIVAN COUNTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOW OF RESOURCES-PENSION PLAN INVESTMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt0-257205
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0821288
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NETWORKS ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE ACCOUNTING STANDARD ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THIS ACCOUNTING STANDARD PROVIDES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN NETWORKS' FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. AS OF JUNE 30, 2019, NETWORKS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION, DERECOGNITION, OR DISCLOSURE. NETWORKS FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THERE ARE NO INTERNAL REVENUE SERVICE (IRS) EXAMINATIONS IN PROGRESS. NETWORKS IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE IRS FOR TAX YEARS BEFORE 2015. NETWORKS INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN GENERAL AND ADMINISTRATIVE EXPENSES. NETWORKS DID NOT HAVE PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES DURING THE YEAR ENDED JUNE 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030862
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0579440
IRS990ScheduleD/TotalBookValueProgramRltdAmt06502716
IRS990ScheduleD/TotalExpensesPerForm990Amt0988902
IRS990ScheduleD/TotalLiabilityAmt05125528
IRS990ScheduleD/TotalRevenuePerForm990Amt0821288
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0564083
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0988902
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0170980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05718
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CLAY WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0184426
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,559,389
Liabilities
$5,311,978
Net assets
$2,247,411
Revenue
$821,288
Expenses
$988,902
Net income
-$167,614
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.88$6.08$3.79$0.69$2.92$2.23
2023Detailed filing. Detailed filing data is available for this year.$12.1$6.94$5.13$0.79$0.94$0.16
2022Detailed filing. Detailed filing data is available for this year.$11.0$7.63$3.38$0.82$0.95$0.13
2021Detailed filing. Detailed filing data is available for this year.$6.76$4.03$2.73$0.93$0.79$0.13
2020Detailed filing. Detailed filing data is available for this year.$6.76$4.59$2.17$0.56$0.94$0.39
2019Detailed filing. Detailed filing data is available for this year.$7.56$5.31$2.25$0.82$0.99$0.17
2018Detailed filing. Detailed filing data is available for this year.$7.70$5.68$2.02$0.73$0.99$0.26
2017Detailed filing. Detailed filing data is available for this year.$7.96$6.33$1.62$0.76$0.89$0.13
2016Detailed filing. Detailed filing data is available for this year.$7.80$6.32$1.48$0.29$0.94$0.65
2015Detailed filing. Detailed filing data is available for this year.$8.58$6.80$1.78$0.33$1.03$0.70
2014Detailed filing. Detailed filing data is available for this year.$8.87$6.85$2.02$0.73$1.06$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$7.24$1.59$1.06
2012Summary only. Only limited summary data is available for this year.$9.00$7.89$1.12$0.71$1.02$0.30
2011Summary only. Only limited summary data is available for this year.$8.84$8.27$0.57$0.74$1.03$0.28