Timothy Smith Network Inc
- Assets
- $1.3m
- Revenue
- $986.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Roxbury, MA
- Founding
- 10/2003
- Data as of
- 06/2020
- EIN
- 56-2339680
Organization Overview
Timothy Smith Network Inc is located in Roxbury, MA. The organization was established in 2003. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2020, Timothy Smith Network Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timothy Smith 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 06/2020, Timothy Smith Network Inc generated $986.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Timothy Smith Network Inc has awarded 71 individual grants totaling $2,306,280. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TIMOTHY SMITH NETWORK EMPOWERS ORGANIZATIONS AND INDIVIDUALS TO EFFECTIVELY USE AND ACCESS CUTTING EDGE TECHNOLOGY IN THE EMERGING DIGITAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIMOTHY SMITH NETWORK, INC. SUPPORTS 24 TIMOTHY SMITH TECHNOLOGY LABS LOCATED IN NON-PROFIT ORGANIZATIONS THROUGHOUT THE GREATER ROXBURY COMMUNITY OF BOSTON. THE ORGANIZATION PROVIDES TECHNOLOGY RELATED SERVICES, EDUCATIONAL PROGRAMS AND RESOUCES TO THE TECHNOLOGY LABS ALLOWING THE COMMUNITY TO EFFECTIVELY USE AND ACCESS TECHNOLOGY.
TIMOTHY SMITH NETWORK, INC. SUPPORTS 24 TIMOTHY SMITH TECHNOLOGY LABS LOCATED IN NON-PROFIT ORGANIZATIONS THROUGHOUT THE GREATER ROXBURY COMMUNITY OF BOSTON. THE ORGANIZATION PROVIDES TECHNOLOGY RELATED SERVICES, EDUCATIONAL PROGRAMS AND RESOUCES TO THE TECHNOLOGY LABS ALLOWING THE COMMUNITY TO EFFECTIVELY USE AND ACCESS TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton Irving Executive Director | OfficerTrustee | 40 | $135,296 |
Khalid Mustafa It Director | 40 | $127,525 | |
Carroll W Blake Chair | OfficerTrustee | 1 | $0 |
Patricia A Toney Vice Chair | OfficerTrustee | 1 | $0 |
Jonathan Towslee Treasurer | OfficerTrustee | 3 | $0 |
Amanda Gorner Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $945,421 |
| Investment income | $10,459 |
| 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 | $986,082 |
| Statement of Expenses | |
|---|---|
| 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. | $176,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,737 |
| Payroll taxes | $43,623 |
| Fees for services: Management | $186,689 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,072 |
| Advertising and promotion | $33,872 |
| Office expenses | $25,177 |
| Information technology | $19,456 |
| Royalties | $0 |
| Occupancy | $30,365 |
| Travel | $54,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,925 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,347 |
| Insurance | $1,538 |
| All other expenses | $0 |
| Total functional expenses | $1,593,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $733,030 |
| Accounts receivable, net | $11,025 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,074 |
| Other assets | $4,830 |
| Total assets | $1,262,156 |
| Accounts payable and accrued expenses | $56,388 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $56,388 |
| 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 |
| Total liabilities and net assets/fund balances | $1,205,768 |
Grants Awarded
Over the last fiscal year, Timothy Smith Network Inc has awarded $453,088 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH END TECHNOLOGY CENTER PURPOSE: COMPUTER EQUIPMENT AND SUPPLIES TO OPERATE TECHNOLOGY LAB | $41,673 |
SOUTH END TECHNOLOGY CENTER PURPOSE: COMPUTER EQUIPMENT AND SUPPLIES TO OPERATE TECHNOLOGY LAB | $41,673 |
BOSTON PUBLIC SCHOOLS PURPOSE: COMPUTER EQUIPMENT AND SUPPLIES TO OPERATE TECHNOLOGY LAB | $33,865 |
BOSTON PUBLIC SCHOOLS PURPOSE: COMPUTER EQUIPMENT AND SUPPLIES TO OPERATE TECHNOLOGY LAB | $33,865 |
Roxbury, MA PURPOSE: COMPUTER EQUIPMENT AND SUPPLIES TO OPERATE TECHNOLOGY LAB | $23,890 |
Roxbury, MA PURPOSE: COMPUTER EQUIPMENT AND SUPPLIES TO OPERATE TECHNOLOGY LAB | $23,890 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Timothy Smith Network Inc has recieved totaling $93,333.
| Awarding Organization | Amount |
|---|---|
Oneworld Boston Inc Woburn, MA PURPOSE: EDUCATIONAL PROGRAMMING | $33,333 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: CTE DIGITAL DESIGN PROGRAM | $20,000 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: CTE DIGITAL DESIGN PROGRAM | $20,000 |
Edvestors Inc Boston, MA PURPOSE: RACIAL EQUITY SEED FUND: TSN | $10,000 |
East Boston Saving Bank Charitable Foundation Inc Rockland, MA PURPOSE: EXEMPT PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Hill For Literacy Inc Woburn, MA | $4,985,114 | $5,142,068 |
Springfield Empowerment Zone Partnership Inc Springfield, MA | $1,933,246 | $3,615,602 |
Kipp Nyc Facility Holdings Inc New York, NY | $55,626,281 | $7,128,309 |
Successful Practices Network Inc Ballston Spa, NY | $2,522,540 | $4,135,083 |