Net Foundation
- Assets
- $355.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redmond, WA
- Founding
- 02/2015
- Data as of
- 06/2021
- 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 06/2021, Net Foundation generated $172.8k in total revenue. All expenses for the organization totaled $217.5k during the year ending 06/2021. While expenses have increased by 37.5% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE .NET FOUNDATION PROVIDES THE FOLLOWING SERVICES IN SUPPORT OF THE PROJECTS ASSIGNED TO IT.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.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.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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miklos Barkoczi Treasurer | 4 | $0 | |
Bill Wagner Director | 4 | $0 | |
Beth Massi Director | 4 | $0 | |
Javier Lozano Director | 4 | $0 | |
Rodney Littles Director | 4 | $0 | |
Layla Porter Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $172,811 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $172,811 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $47,790 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $863 |
| Other expenses | $168,881 |
| Total expenses | $217,534 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $349,355 |
| Other assets | $0 |
| Total assets | $355,650 |
| Total liabilities | $184,845 |
| Net assets or fund balances | $170,805 |
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