I58 Network
- Assets
- $49.1k
- Revenue
- $107.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Arvada, CO
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 20-8248709
Organization Overview
I58 Network is located in Arvada, CO. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I58 Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, I58 Network generated $107.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $80.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, I58 Network has awarded 20 individual grants totaling $225,954. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACT AS AN UMBRELLA OR PARENT ORGANIZATION TO FACILITATE AND OVERSEE NEW ORGANIZATIONS HAVING A HEART AND PASSION TO MEET NEEDS OF PEOPLE UNTIL THEY CAN ESTABLISH THEMSELVES AS THRIVING INDEPENDENT ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED BACKPACKS AND SCHOOL SUPPLIES TO MORE THAN 4,200 CHILDREN IN FOSTER CARE TRANSITION IN EIGHT SURROUNDING COUNTIES
CONTINUED OPERATION OF THRIFT STORE OPERATION TO SERVE OVER 70 WOMEN AND THEIR FAMILIES. VOLUNTEERS WORK AT THE THRIFT STORE AND MENTOR THESE WOMEN AND COUNSEL THEM THROUGH LIFES STRUGGLES WHILE PROVIDING PROGRAMS FOR THEIR CHILDREN AND INTRODUCING THEM TO THE OTHER ASSISTANCE AGENCIES AVAILABLE TO HELP THEM. MORE THAN 60 WOMEN WERE SERVED WITH DIAPERS AND OTHER ESSENTIALS FOR THEIR FAMILIES IN 2021. REMAINING PROCEEDS FROM THE THRIFT STORE OPERATIONS WERE USED TO SUPPORT 30 OTHER 501 C 3 MINISTRIES AND MISSIONARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Prather Direcor -Vic | OfficerTrustee | $0 | |
Michelle Smithling Director - T | OfficerTrustee | $0 | |
Sharon Rowlen Director - P | OfficerTrustee | $0 | |
Cris Sveum Director - S | OfficerTrustee | $0 | |
Bob Bossman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,285 |
| Total Program Service Revenue | $42,088 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,526 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57 |
| Office expenses | $784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,357 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,072 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $648 |
| All other expenses | $566 |
| Total functional expenses | $80,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,127 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,127 |
| Accounts payable and accrued expenses | $200 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $200 |
| Net assets without donor restrictions | $48,927 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $49,127 |
Grants Awarded
Over the last fiscal year, I58 Network has awarded $29,601 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOOTHILLS COMMUNITY CHURCH | | | $14,839 |
EVERYLIFE | | | $14,762 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that I58 Network has recieved totaling $29.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
Joy To The World Foundation Colorado Springs, CO | $19,682,188 | $4,242,361 |
Southeastern Arizona Community Action Program Inc Safford, AZ | $455,386 | $2,811,093 |
Another Round Another Rally Phoenix, AZ | $1,059,733 | $1,710,638 |
Phoenix Suns Charities Inc Phoenix, AZ | $1,755,436 | $2,395,370 |
Vivint Gives Back Provo, UT | $1,105,796 | $2,149,372 |
Early Milestones Colorado Denver, CO | $1,699,059 | $1,648,008 |
Saguache County Community Council Center, CO | $3,125,194 | $1,411,274 |
Faithworks Of The Inner City Inc Oklahoma City, OK | $3,919,739 | $1,885,777 |
Lubirds Light Foundation Denver, CO | $140,980 | $761,763 |
Woodford Manufacturing Charities Inc Colorado Springs, CO | $20,240 | $651,324 |
Sunshine Angels Peoria, AZ | $580,665 | $762,626 |