Civic Intelligence

Sullivan Cty Economic Dev Commisssion DBA Networks - Sullivan Partnership

990 • Fiscal year 2020 • EIN 62-0945243

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 02, 2021

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

89th percentile

0.68x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

8.27x

Higher debt load relative to revenue than 99% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Net Margin

4th percentile

-70%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$151,054

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 27.2% of source-year revenue.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Asset Growth

11th percentile

-11%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

15th percentile

-32%

Faster revenue growth than 15% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$6,764,298

Down $795,091 (-11%) from 2019

Net Assets

Down

$2,172,029

Down $75,382 (-3.4%) from 2019

Liabilities

Down

$4,592,269

Down $719,709 (-14%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

Down

$555,062

Down $266,226 (-32%) from 2019

Expenses

Down

$943,079

Down $45,823 (-4.6%) from 2019

Net Income

Down

-$388,017

Down $220,403 (-131%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2020

Assets$6,764,298
Liabilities$4,592,269
Net Assets$2,172,029
Open 2020 Filing

Operations Trend

Revenue Growth15th 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

2020

Revenue$555,062
Expenses$943,079
Net Income-$388,017
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 2, 2021
Return Version
2019v5.2
Gross Receipts
$1,247,130
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$6,502,716$5,920,227▼ $582,489
Savings and Temporary Cash Investments$197,030--
Other Notes and Loans Receivable, Net-$150,000-
Cash and Non-Interest-Bearing Accounts$227,991$149,558▼ $78,433
Land, Buildings, and Equipment, Net$30,862$21,608▼ $9,254
Prepaid Expenses and Deferred Charges$16,705$18,471▲ $1,766
Accounts Receivable$4,645$3,801▼ $844
Total Assets$7,559,389$6,764,298▼ $795,091
Other Assets Total$579,440$500,633▼ $78,807
Liabilities
Other Liabilities$5,125,528$4,585,928▼ $539,600
Accounts Payable and Accrued Expenses$186,450$6,341▼ $180,109
Total Liabilities$5,311,978$4,592,269▼ $719,709
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,247,411$2,172,029▼ $75,382
Total Net Assets Fund Balance$2,247,411$2,172,029▼ $75,382
Total Liabilities and Net Assets / Fund Balance$7,559,389$6,764,298▼ $795,091

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$5,920,227--
Equipment$21,608$92,741-
Other Assets Org$76,573--
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clay WalkerCEOFT$138,825$12,229$151,054

Board Members and Trustees

NameTitle
Bill SumnerChairman
David WagnerVice Chairman, & Secretary/treasurer
Carolyn FerrellDirector
Chad KeenDirector
David GoldenDirector
Eddie WilliamsDirector
Jerry CaldwellDirector
John CampbellDirector
Lea PowersDirector
Mayor Irene WellsDirector
Mayor Margaret FeierabendDirector
Mayor Pat ShullDirector
Mayor Richard VenableDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$705,060
Program Service Revenue
$50,000
Investment Income
$-202,366
Other Revenue
$2,368
Change in Net Assets
$-388,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$555,062
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$555,062
Total Revenue per Form 990
$555,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$547,971
Salaries, Compensation, and Employee Benefits$395,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$185,841-$185,841
Other Salaries and Wages$86,500$86,501-$173,001
Current Officers, Directors, Trustees, and Key Employees$69,413$69,412-$138,825
Travel$67,730--$67,730
Other Employee Benefits$29,855$29,855-$59,710
Fees for Services Accounting-$39,270-$39,270
Occupancy-$29,077-$29,077
Conferences and Meetings$25,629--$25,629
Payroll Taxes$11,786$11,786-$23,572
Office Expenses-$18,059-$18,059
Insurance-$12,003-$12,003
Depreciation Depletion-$10,805-$10,805
Information Technology$10,465--$10,465
Fees for Services Legal-$8,723-$8,723
Other Expenses$6,617$1,392-$1,392
Total Functional Expenses$440,355$502,724$0$943,079

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$943,079
Total Expenses per Audited Statements$943,079
Total Expenses per Form 990$943,079
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$4,515,000
Deferred Inflow of Resources-pension Plan Investments$39,402
Accrued Interest$31,526
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 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 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
Ceegee Mccord
Title
Treasurer
Phone
4232797681
Signed
2021-03-02
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
4
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. 312,635.”

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, 2020, 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 2016. 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, 2020.”

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt021608
IRS990/LandBldgEquipCostOrOtherBssAmt0114349
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0692068
IRS990/LessRentalExpensesGrp/RealAmt00
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/NetAssetsOrFundBalancesBOYAmt02247411
IRS990/NetAssetsOrFundBalancesEOYAmt02172029
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-202440
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-202440
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02368
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02368
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02247411
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02172029
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt029077
IRS990/OccupancyGrp/TotalAmt029077
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018059
IRS990/OfficeExpensesGrp/TotalAmt018059
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0579440
IRS990/OtherAssetsTotalGrp/EOYAmt0500633
IRS990/OtherChangesInNetAssetsAmt0312635
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029855
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt029855
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059710
IRS990/OtherExpensesGrp/Desc0MARKETING
IRS990/OtherExpensesGrp/Desc1PROMOTIONS AND PROSPECT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PROPERTY EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01392
IRS990/OtherExpensesGrp/ProgramServicesAmt0123738
IRS990/OtherExpensesGrp/ProgramServicesAmt18622
IRS990/OtherExpensesGrp/ProgramServicesAmt26617
IRS990/OtherExpensesGrp/TotalAmt0123738
IRS990/OtherExpensesGrp/TotalAmt18622
IRS990/OtherExpensesGrp/TotalAmt26617
IRS990/OtherExpensesGrp/TotalAmt31392
IRS990/OtherLiabilitiesGrp/BOYAmt05125528
IRS990/OtherLiabilitiesGrp/EOYAmt04585928
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt086501
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt086500
IRS990/OtherSalariesAndWagesGrp/TotalAmt0173001
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0150000
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011786
IRS990/PayrollTaxesGrp/ProgramServicesAmt011786
IRS990/PayrollTaxesGrp/TotalAmt023572
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016705
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018471
IRS990/PrincipalOfficerNm0CLAY WALKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MARKETING SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0756828
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0316
IRS990/PYOtherExpensesAmt0608476
IRS990/PYOtherRevenueAmt014144
IRS990/PYProgramServiceRevenueAmt050000
IRS990/PYRevenuesLessExpensesAmt0-167614
IRS990/PYSalariesCompEmpBnftPaidAmt0380426
IRS990/PYTotalExpensesAmt0988902
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0821288
IRS990/ReconcilationRevenueExpnssAmt0-388017
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02368
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0197030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0705060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0756828
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03562068
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02442
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09144
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04789
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08409
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt031504
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0250000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98990
IRS990ScheduleA/PublicSupportPY170Pct00.98620
IRS990ScheduleA/PublicSupportTotal170Amt03562068
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0705060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0756828
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03562068
IRS990ScheduleA/TotalSupportAmt03598572
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/BookValueAmt021608
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092741
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0114349
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0943079
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05920227
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LAND HELD FOR DEVELOPMENT AND RESALE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt027618
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1396442
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt276573
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED CHARGE ON REFUNDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04515000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt139402
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt231526
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SULLIVAN COUNTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOW OF RESOURCES-PENSION PLAN INVESTMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0555062
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, 2020, 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 2016. 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, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021608
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0500633
IRS990ScheduleD/TotalBookValueProgramRltdAmt05920227
IRS990ScheduleD/TotalExpensesPerForm990Amt0943079
IRS990ScheduleD/TotalLiabilityAmt04585928
IRS990ScheduleD/TotalRevenuePerForm990Amt0555062
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0555062
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0943079
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0138825
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06511
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt05718
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CLAY WALKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151054
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,764,298
Liabilities
$4,592,269
Net assets
$2,172,029
Revenue
$555,062
Expenses
$943,079
Net income
-$388,017
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