Advancenet Labs
- Assets
- $748.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Grapevine, TX
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-5492631
Organization Overview
Advancenet Labs is located in Grapevine, TX. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., 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. Advancenet Labs 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, Advancenet Labs generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 13.0% 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
WE LEVERAGE ENTERPRISE TECHNOLOGIES TO EDUCATE AND PROVIDE OPPORTUNITY TO THOSE AT RISK, PROVIDE RESCUE TO THOSE IN DANGER, AND HELP OUR COMMUNITY UNLOCK ITS POTENTIAL TO HELP ITS MOST VULNERABLE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND EMPOWERMENT PROVIDED TRAINING, FINANCIAL LITERACY AND WORKFORCE DEVELOPMENT SKILLS TO OVER 3,000 PEOPLE IN LOUISIANA, TEXAS, NATIONALLY AND INTERNATIONALLY. IMPROVED OUR EMPOWERMENT MARKETPLACE WITH CIRRICULA FROM THE FEDERAL RESERVE BANK OF DALLAS, UPDATED CURRICULA FROM ACCENTURE, INCLUDING MOBILE TRAINING. WE DEVELOPED A PILOT OF MOBILE APPLICATION TO SUPPORT FEDERAL WIOA PROGRAM ADULT LEARNERS RECEIVE THEIR HIGH SCHOOL CREDENTIAL AND MAKE OTHER EDUCATIONAL AND ECONOMIC GAINS.
FAMILY VIOLENCE AND HUMAN TRAFFICKING CONTINUED THE OPERATION OF THE SAFENIGHT APP AND OUR SAFE RESPONSE EFFORTS PROVIDING FUNDING FOR HOTEL ROOMS, TRANSPORTATION AND OTHER EMERGENCY SERVICES FOR SURVIVORS OF DOMESTIC VIOLENCE. EXPANDED OUR EFFORTS WITH THE SAFERESPONSE APP.
BLOOD CONNECT FOR MATCHING NEEDS FOR UNCOMMON BLOOD WITH AVAILABLE SUPPLY AS WELL AS SURPLUS HOSPITAL EQUIPMENT MATCHING. HOSTED SOLUTION ON OVERALL INFRASTRUCTURE AT NO COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Thode CEO | OfficerTrustee | 40 | $127,000 |
Camille Mirshokrai Board Chair | Trustee | 2 | $0 |
Atul Shrimankar Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,908 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,232 |
| Total Program Service Revenue | $1,223,341 |
| Investment income | $7 |
| 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 | $1,354,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,018 |
| 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. | $127,000 |
| Compensation of current officers, directors, key employees. | $127,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $83,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $627,921 |
| Advertising and promotion | $4,732 |
| Office expenses | $1,472 |
| Information technology | $3,868 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $37,199 |
| All other expenses | $3,871 |
| Total functional expenses | $1,212,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,167 |
| Savings and temporary cash investments | $1,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,360 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $156,091 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,214 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,604 |
| Total assets | $748,181 |
| Accounts payable and accrued expenses | $11,236 |
| Grants payable | $0 |
| Deferred revenue | $40,600 |
| 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 | $630,924 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22 |
| Total liabilities | $682,782 |
| Net assets without donor restrictions | $0 |
| 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 | $65,399 |
| Total liabilities and net assets/fund balances | $748,181 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Advancenet Labs has recieved totaling $9.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $9 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Giving Hope Inc New Orleans, LA | $5,121,210 | $13,487,479 |
Deliverfund Dallas, TX | $1,201,268 | $5,540,793 |
Bright Nutrition Brownsville, TX | $120,578 | $4,704,532 |
Food Care Center Killeen, TX | $541,978 | $4,242,108 |
Hays-Caldwell Womens Center San Marcos, TX | $8,162,903 | $5,132,472 |
Xyz Cacfp Incorporation Missions, TX | $289,773 | $3,776,998 |
Jewish Community Center Of Greater Albuquerque Inc Albuquerque, NM | $6,558,592 | $4,620,068 |
Tarrant County Homeless Coalition Fort Worth, TX | $319,461 | $3,091,863 |
Jubilee Park & Community Center Corporation Dallas, TX | $21,954,654 | $6,617,368 |
Any Baby Can Of San Antonio Inc San Antonio, TX | $3,532,459 | $2,576,884 |
Behind Every Door Ministries Inc Dallas, TX | $5,352,490 | $5,798,355 |
Austin-Travis County Sobriety Center Local Government Corporatio Austin, TX | $439,248 | $2,060,764 |