Net Foundation
- Assets
- $355.0k
- Revenue
- $434.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 47-2119192
Organization Overview
Net Foundation is located in Redmond, WA. The organization was established in 2015. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Net Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Net Foundation generated $434.9k in total revenue. All expenses for the organization totaled $315.9k during the year ending 06/2022. While expenses have increased by 38.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE .NET FOUNDATION PROMOTES THE INTERESTS OF THE .NET PROGRAMMING COMMUNITY, INCLUDING DEVELOPERS, INDEPENDENT SOFTWARE VENDORS AND PLATFORM PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT GUIDANCE AND MENTORING: NEW .NET PROJECTS JOINING THE FOUNDATION GET MENTORSHIP TO HELP WITH EXPERTISE IN RUNNING AN OPEN SOURCE COMMUNITY AND ACCESS TO OTHER DEVELOPERS CURRENTLY LOOKING AFTER .NET OPEN SOURCE PROJECTS. WE WORK WITH PROJECT LEADS TO HELP ENSURE THAT THE PROJECT GROWS INTO A VIBRANT AND WELCOMING COMMUNITY AND HELP SHARE KNOWLEDGE ON BEST PRACTICES IN RUNNING A FRIENDLY, COLLABORATIVE AND INNOVATIVE OPEN SOURCE COMMUNITY.
OPERATIONS AND MANAGEMENT SUPPORT:TECHNICAL SUPPORT: WE PROVIDE A NUMBER OF TECHNICAL SUPPORT SERVICES FOR OUR PROJECTS INCLUDING AUTHENTICODE CODE-SIGNING OF BINARIES AND INSTALLERS, BINARY DISTRIBUTION MANAGEMENT, FORUMS, HOSTING, SHARED SECRET STORAGE, ONLINE AND PHONE CONFERENCING AS WELL AS DOCUMENT COLLABORATION FACILITIES AND ACCESS TO SOFTWARE.MARKETING AND COMMUNICATIONS: THE .NET FOUNDATION WORKS WITH MICROSOFT AND THE BROADER INDUSTRY TO INCREASE THE EXPOSURE OF OPEN SOURCE PROJECTS IN THE .NET COMMUNITY AND THE .NET FOUNDATION. THE .NET FOUNDATION PROVIDES ACCESS TO THESE RESOURCES TO PROJECTS AND LOOKS TO PROMOTE THE ACTIVITIES OF OUR COMMUNITIES.FINANCIAL SUPPORT: THE .NET FOUNDATION IS NOT A GRANT FUNDING BODY, BUT THE .NET FOUNDATION CAN HELP PROJECTS ACCEPT, INVOICE AND PROCESS DONATIONS IN-KIND OR EARMARKED DONATIONS ON BEHALF OF THE INDIVIDUAL PROJECTS. AS A US TAX-EXEMPT NON-PROFIT ORGANIZATION (501(C)(6), THERE ARE SOME LIMITS ON WHAT PROJECTS CAN DO WITH THOSE ASSETS, BUT THE FOUNDATION WILL WORK WITH THE PROJECT TO ENSURE FUNDS ARE SPENT APPROPRIATELY. WHEN RUNNING EVENTS SUCH AS MEET-UPS AND CONFERENCES, THE FOUNDATION CAN ALSO WORK WITH PROJECTS TO CREATE TICKET SELLING ACCOUNTS, ARRANGE CONTRACTS WITH VENUES ETC. DONATIONS TYPICALLY COVER ACTIVITIES INCLUDING HOSTING EXPENSES, TRAVEL EXPENSES TO ATTEND CONFERENCES/MEET-UPS, PROMOTIONAL ITEMS FOR THE PROJECT, SPONSORING OR ORGANIZING A CONFERENCE/MEET-UP.
IP AND LEGAL: WE HELP PROJECTS ORGANIZE AND MANAGE THEIR IP ASSIGNMENTS AS WELL AS PROVIDE INFRASTRUCTURE FOR TRACKING A COMMON, SIMPLE, CONTRIBUTION LICENSE AGREEMENT ACROSS ALL .NET FOUNDATION PROJECTS. WE CAN HELP IN ENSURING PEOPLE RESPECT THE OPEN SOURCE LICENSES AND TRADEMARKS OF PROJECTS ASSIGNED TO THE .NET FOUNDATION AND WE CAN PROVIDE ACCESS TO ADVICE ON LEGAL ISSUES AFFECTING PROJECTS IN THE .NET FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Javier Lozano President | OfficerTrustee | 2 | $0 |
Joseph Guadagno Vice President | OfficerTrustee | 2 | $0 |
Iris Classon Board Member | Trustee | 2 | $0 |
Jessica White Board Member | Trustee | 2 | $0 |
Mattias Karlsson Board Member | Trustee | 2 | $0 |
Rich Lander Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,942 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $411,958 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $434,900 |
| Total Program Service Revenue | $0 |
| 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 | $434,900 |
| 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 | $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 | $23,624 |
| Fees for services: Accounting | $1,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,800 |
| Advertising and promotion | $30,404 |
| Office expenses | $3,535 |
| Information technology | $12,188 |
| Royalties | $0 |
| Occupancy | $335 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,615 |
| All other expenses | $0 |
| Total functional expenses | $315,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,930 |
| 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 | $2,064 |
| 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 | $354,963 |
| Accounts payable and accrued expenses | $59,424 |
| Grants payable | $0 |
| Deferred revenue | $55,750 |
| 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 | $115,174 |
| Net assets without donor restrictions | $239,789 |
| 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 | $354,963 |