Network Connect Inc
- Assets
- $854.6k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-3849362
Organization Overview
Network Connect Inc is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network Connect 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, Network Connect Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 45.0% per year over the past 3 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
THE MISSION OF NETWORK CONNECT IS TO IMPROVE THE COORDINATION OF YOUTH SERVING ORGANIZATIONS BY BUILDING EFFECTIVE PARTNERSHIPS FOR YOUTH, FAMILIES, COMMUNITIES, AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEN EXPERIENCING A CHALLENGE, A HELPING HAND AND AN OUTSIDE PERSPECTIVE CAN HELP SOMEONE FIND THE STARTING POINT OR SOLUTION TO ADDRESS SPECIFIC NEEDS. CWAS ARE MEMBERS OF LOCAL DELAWARE COMMUNITIES A CWA COULD BE YOUR NEIGHBOR OR A FRIEND OF A FRIEND AND ARE TRAINED TO PROVIDE TAILORED SUPPORT TO INDIVIDUALS, FAMILIES, AND COMMUNITIES IN NEED. HERE?S HOW IT WORKS: INDIVIDUALS, FAMILIES, GROUPS, OR COMMUNITIES ARE REFERRED OR SELF-IDENTIFY TO CWAS THE CWA MEETS WITH THE INDIVIDUAL, FAMILY, GROUP, OR COMMUNITY AND HELPS IDENTIFY NEEDS THE CWA WILL PROVIDE THE INFORMATION AND HELP DEVELOP A PLAN TO ADDRESS THE NEEDS THE CWA WILL CONNECT THAT INDIVIDUAL WITH A SERVICE OR RESOURCE
TO CREATE LONG TERM, SUSTAINABLE CHANGE WE MUST ADDRESS THE ROOT CAUSES OF SYSTEMIC INEQUITIES AND CHALLENGES IN OUR SOCIETY. THE FIRESIDE GIVES YOUNG PEOPLE THE SPACE TO CONNECT WITH THEIR FUNDAMENTAL TRUTHS AND PASSIONS TO MAKE THE WORLD A BETTER PLACE. BY UTILIZING COMMUNITY CONVERSATIONS AND DESIGN THINKING COHORTS, FIRESIDE YOUTH TAKE HEALING TO ACTION WITHIN THEIR COMMUNITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cierra C Hall Director | OfficerTrustee | 80 | $126,961 |
Erin E Hutt Director | OfficerTrustee | 80 | $126,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $690 |
| Related organizations | $0 |
| Government grants | $3,022,982 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,025,554 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,025,554 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,322 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,922 |
| Compensation of current officers, directors, key employees. | $253,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,033,191 |
| Pension plan accruals and contributions | $1,289 |
| Other employee benefits | $84,346 |
| Payroll taxes | $100,087 |
| Fees for services: Management | $16,297 |
| Fees for services: Legal | $9,201 |
| Fees for services: Accounting | $21,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,736 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,364 |
| Office expenses | $11,493 |
| Information technology | $19,607 |
| Royalties | $0 |
| Occupancy | $86,645 |
| Travel | $15,393 |
| 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 | $2,865 |
| Insurance | $42,167 |
| All other expenses | $33,251 |
| Total functional expenses | $2,638,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $837,656 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,091 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $854,567 |
| Accounts payable and accrued expenses | $2,821 |
| 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 | $4,280 |
| Total liabilities | $7,101 |
| 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 | $847,466 |
| Total liabilities and net assets/fund balances | $854,567 |