Net Positive Inc
- Assets
- $676.3k
- Revenue
- $474.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Buffalo, NY
- Founding
- 01/2016
- Data as of
- 12/2021
- EIN
- 46-2666977
Organization Overview
Net Positive Inc, operating under the name The Foundry, is located in Buffalo, NY. The organization was established in 2016. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Foundry employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundry 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, Foundry generated $474.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $347.5k during the year ending 12/2021. While expenses have increased by 16.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NET POSITIVE, INC. PROVIDES YOUTH AND ADULTS WITH THE OPPORTUNITY TO PURSUE THEIR BUSINESS DREAMS WITH ACCESS TO PRIVATE SPACE, EQUIPMENT, AND BUSINESS ASSISTANCE. AN AVERAGE OF 200 STUDENTS FIND SUCCESS IN HANDS-ON SKIL
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, EMPOWERMENT, AND EMPLOYMENT THE FOUNDRY WORKS WITH ON AVERAGE, 200 STUDENTS, TO EXPLORE VARIOUS CAREER PATHS, HANDS-ON SKILL-BUILDING AND NEW DIGITAL LITERACIES THROUGH STEAM SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATHEMATICS SESSIONS IN OUR SHOPS AND LABS, JOB TRAINING PARTNERSHIPS BAKER-VICTORY SERVICES, YOUTH BUILD, PART TIME EMPLOYMENT AT THE FOUNDRY, JOB SHADOWING WITH FOUNDRY ENTREPRENEURS, AND YOUTH ENTREPRENEURSHIP PROGRAMS.
SMALL BUSINESS INCUBATION THE FOUNDRY BELIEVES THAT CREATING THE ENTREPRENEURS, YOUTH ENTREPRENEURSHIP PROGRAMS, OPPORTUNITIES AND CONDITIONS NECESSARY FOR SELF-SUFFICIENCY AND ECONOMIC STABILITY PROMOTES A HEALTHIER COMMUNITY. THIS PAST YEAR WE PROVIDED 26 SPACES FOR BUSINESS INCUBATION BY PROVIDING AFFORDABLE RENTAL SPACE, CONNECTIONS TO MENTORING, BUSINESS CLASSES OR WORKSHOPS, AND CONNECTIONS TO LOCAL SUPPORT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Mcnally Executive Director | Trustee | 40 | $37,199 |
Russ Reinagel Vice President | OfficerTrustee | 5 | $2,480 |
Scott Cassety Treasurer | OfficerTrustee | 5 | $0 |
Trina Burruss President | OfficerTrustee | 5 | $0 |
Kevin Zanner Secretary | OfficerTrustee | 5 | $0 |
Jamila Lee Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,314 |
| Noncash contributions included in lines 1a–1f | $6,564 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,677 |
| Total Program Service Revenue | $115,658 |
| 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 | -$971 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $37,199 |
| Other salaries and wages | $137,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,441 |
| Payroll taxes | $15,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,630 |
| Advertising and promotion | $1,192 |
| Office expenses | $1,424 |
| Information technology | $1,255 |
| Royalties | $0 |
| Occupancy | $34,888 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,122 |
| Interest | $11,789 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,702 |
| Insurance | $7,059 |
| All other expenses | $543 |
| Total functional expenses | $347,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,364 |
| Savings and temporary cash investments | $156,205 |
| Pledges and grants receivable | $44,000 |
| Accounts receivable, net | $7,334 |
| 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 | $3,690 |
| Net Land, buildings, and equipment | $378,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,999 |
| Total assets | $676,277 |
| Accounts payable and accrued expenses | $23,377 |
| 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 | $166,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,335 |
| Total liabilities | $194,412 |
| Net assets without donor restrictions | $377,150 |
| Net assets with donor restrictions | $104,715 |
| 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 | $676,277 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Net Positive Inc has recieved totaling $56,523.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: BUFFALO E-COMMERCE TECHNICAL ASSISTANCE (BETA) PROGRAM | $50,000 |
Northwest Charitable Foundation Warren, PA PURPOSE: PROGRAM FUNDING | $2,627 |
Cullen Foundation Buffalo, NY PURPOSE: STRENGTHENING THE FOUNDRY'S CAPACITY TO PROVIDE STRONG, MEANINGFUL STEAM PROGRAMS FOR YOUTH | $2,295 |
Circle Of Service Foundation Chicago, IL PURPOSE: MATCHING/DISCRETIONARY | $1,000 |
John R Oishei Foundation Buffalo, NY PURPOSE: DONATION FOR AN ANNUAL MEMBERSHIP FOR PAUL HOGAN | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Peer Organizations
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|---|---|---|
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Center For Family Services Inc Camden, NJ | $47,141,556 | $95,147,617 |
Bronx Parent Housing Network Inc Bronx, NY | $36,981,186 | $84,449,036 |
Senior Health Properties-South Inc Bala Cynwyd, PA | $22,024,850 | $74,814,140 |
Toward Independent Living & Learning Inc Dedham, MA | $105,262,723 | $73,578,332 |
The Bridge Inc New York, NY | $39,348,732 | $57,559,803 |
Ability Beyond Disability Inc Bethel, CT | $36,674,739 | $52,693,685 |
Citizen Advocates Inc Malone, NY | $27,154,352 | $47,844,425 |
Continuum Of Care Inc New Haven, CT | $19,340,756 | $52,456,759 |
Jawonio Inc New City, NY | $45,101,853 | $45,626,177 |
Greatcare Inc New York, NY | $4,284,136 | $43,084,551 |
Yedei Chesed Inc Chestnut Ridge, NY | $23,307,240 | $44,946,201 |