Initiative Network Inc
- Assets
- $11.0k
- Revenue
- $206.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2014
- Data as of
- 12/2019
- EIN
- 47-2308651
Organization Overview
Initiative Network Inc is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiative Network Inc 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 12/2019, Initiative Network Inc generated $206.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $219.3k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSIONAL MILLENNIAL NETWORK THAT SUPPORTS AND EQUIPS LOCAL CHURCHES BY HOSTING SEMINARS TO EDUCATE TRAIN EQUIP AND MOBILIZE YOUNG PEOPLE IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Skeldon President | 40 | $0 | |
Jon Pendergrass VP | 40 | $0 | |
Monica Zuniga Director Of Operations | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $206,290 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $206,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,236 |
| Other employee salaries and wages | $83,575 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,570 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $32,785 |
| Printing and publications | $312 |
| Other expenses | $7,739 |
| Total operating and administrative expenses | $219,328 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $219,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,993 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,993 |
| Accounts payable and accrued expenses | $760 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $760 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Initiative Network Inc has recieved totaling $87,500.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $68,750 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $18,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Schools For Baton Rouge Baton Rouge, LA | $18,000,510 | $11,219,034 |
Texas Institute Of Graduate Medical Education And Research San Antonio, TX | $5,873,285 | $12,825,627 |
Portico Education Foundation Carrollton, TX | $2,396,287 | $5,783,858 |
Youth Force Nola New Orleans, LA | $5,195,075 | $5,408,027 |
Texas Association Of School Administrators Austin, TX | $4,673,285 | $5,966,291 |
Texas Restaurant Association Austin, TX | $11,924,378 | $5,929,472 |
Texas Charter Schools Association Austin, TX | $5,399,898 | $5,059,843 |
Walton Education Coalition Inc Bentonville, AR | $905,003 | $3,450,000 |
Louisiana Restaurant Association Inc Metairie, LA | $9,314,228 | $3,239,510 |
Fort Worth Education Partnership Inc Fort Worth, TX | $6,170,741 | $4,613,145 |
Uni-Bell Pvc Pipe Association Irving, TX | $1,260,616 | $2,106,268 |
Americans For Fair Treatment Inc Oklahoma City, OK | $1,029,037 | $2,472,942 |