Tie Inc
- Assets
- $480.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Santa Clara, CA
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 77-0595432
Organization Overview
Tie Inc is located in Santa Clara, CA. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Tie Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tie Inc 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 12/2021, Tie Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND ADVANCE ENTREPRENEURSHIP THROUGH MENTORING,NETWORKING AND EDUCATION AND IS NOT LIMITED TO ANY INDUSTRY REGION OR ETHNICITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NONPROFIT VENTURE DEVOTED TO ENTREPRENEURS IN ALL INDUSTRIES, AT ALL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vijay Menon Executive Dir | Officer | 40 | $140,000 |
Bj Arun Vice Chairman | Trustee | 10 | $0 |
Praveen Tailam Chairman | Trustee | 10 | $0 |
Gita Dang Trustee | Trustee | 5 | $0 |
Cn Madhusudan Trustee | Trustee | 5 | $0 |
Pradeep Udhas Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $303,031 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,531 |
| Total Program Service Revenue | $544,629 |
| Investment income | $18 |
| 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 | $1,247,178 |
| 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. | $140,000 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,896 |
| Payroll taxes | $20,550 |
| Fees for services: Management | $32,328 |
| Fees for services: Legal | $2,884 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,322 |
| Office expenses | $28,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $570,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,029 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,123,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,705 |
| Savings and temporary cash investments | $90,911 |
| Pledges and grants receivable | $109,403 |
| Accounts receivable, net | $136,865 |
| 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 |
| 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 | $480,884 |
| Accounts payable and accrued expenses | $600 |
| 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 | $43,750 |
| Other liabilities | $0 |
| Total liabilities | $44,350 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $436,534 |
| Total liabilities and net assets/fund balances | $480,884 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tie Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF A PROJECT TO IDENTIFY AND MENTOR SOCIAL ENTREPRENEURS WITH CREDIBLE IDEAS FOR THE DEVELOPMENT OF MICRO-ENTERPRISES THAT WILL GENERATE LOCAL EMPLOYMENT AND ENHANCE THE DEMAND FOR ELECTRICITY IN RURAL AREAS IN INDIA | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |