Successful Practices Network Inc
- Assets
- $4.3m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Ballston Spa, NY
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 56-2374724
Organization Overview
Successful Practices Network Inc is located in Ballston Spa, NY. 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 12/2023, Successful Practices Network Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Successful Practices 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 12/2023, Successful Practices Network Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $5.9m during the year ending 12/2023. While expenses have increased by 11.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHARING INFORMATION, PRACTICE AND EXPERTISE TO MOVE ALL STUDENTS TO A MORE RIGOUROUS AND RELEVANT CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE THE NYS RESEARCH AND SUPPORT CENTER FOR CAREER AND TECHNICAL EDUCATION TO ASSIST THE NEW YORK STATE EDUCATION DEPARTMENT IN ACHIEVING THE REQUIREMENTS OF THE PERKINS IV ACT OF 2006.
NATIONAL DROPOUT PREVENTION CENTER - WORKING TO IMPROVE OPPORTUNITIES FOR ALL YOUNG PEOPLE TO FULLY DEVELOP THE ACADEMIC, SOCIAL, WORK AND HEALTHY LIFE SKILLS NEEDED TO GRADUATE FROM HIGH SCHOOL AND LEAD PRODUCTIVE LIVES. BY PROMOTING AWARENESS OF SUCCESSFUL PROGRAMS AND POLICIES RELATED TO DROPOUT PREVENTION, THE WORK OF THE CENTER AND ITS MEMBERS HAS MADE AN IMPACT ON EDUCATION FROM THE LOCAL TO THE NATIONAL LEVEL.
EDUCATION CONSULTING, CERTIFICATION AND SURVEY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Mcnulty Board Member | Trustee | 40 | $325,000 |
Robert Peters Senior VP | Officer | 40 | $215,000 |
Todd Daggett COO | Officer | 40 | $223,802 |
Willard R Daggett Exec Board C | OfficerTrustee | 40 | $180,877 |
Deb Light Vp/sec/treas | OfficerTrustee | 40 | $148,140 |
Michael Woods Employee | 40 | $137,051 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anthony Nottingham Consulting | 12/30/23 | $125,270 |
Linda Lou Jordan Consulting | 12/30/23 | $106,133 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,373 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,057,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,127,832 |
| Total Program Service Revenue | $5,135,704 |
| Investment income | $21,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,808 |
| 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 | $7,287,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,862,809 |
| 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 | $1,528,502 |
| Pension plan accruals and contributions | $64,738 |
| Other employee benefits | $146,340 |
| Payroll taxes | $109,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,865,336 |
| Advertising and promotion | $8,739 |
| Office expenses | $121,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,552 |
| Travel | $18,733 |
| 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 | $19,700 |
| Insurance | $18,281 |
| All other expenses | $0 |
| Total functional expenses | $5,903,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,752,425 |
| Savings and temporary cash investments | $35,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,356,674 |
| 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 | $19,736 |
| Net Land, buildings, and equipment | $33,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,949 |
| Total assets | $4,268,553 |
| Accounts payable and accrued expenses | $187,289 |
| Grants payable | $0 |
| Deferred revenue | $52,485 |
| 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 | $66,036 |
| Total liabilities | $305,810 |
| Net assets without donor restrictions | $3,962,743 |
| 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 | $4,268,553 |