Network 20 20 Inc
- Assets
- $215.4k
- Revenue
- $440.8k
- Investments
- $2.4k
- Employees
- 4
- Location
- Bronx, NY
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 34-1983612
Organization Overview
Network 20 20 Inc is located in Bronx, NY. The organization was established in 2005. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Network 20 20 Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network 20 20 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 06/2022, Network 20 20 Inc generated $440.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $521.6k during the year ending 06/2022. While expenses have increased by 6.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD FOREIGN POLICY UNDERSTANDING IN YOUNG AND MIDCAREER LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOREIGN POLICY BRIEFINGS - EDUCATIONAL BRIEFINGS FOR YOUNG PROFESSIONALS WITH LEADING FOREIGN POLICY EXPERTS DESIGNED TO PROMOTE INFORMED UNDERSTANDING OF GLOBAL DEVELOPMENTS.
ENTREPRENEURIAL DIPLOMACY - MEMBER-DRIVEN RESEARCH, DIALOGUE, AND FIELDWORK IN REGIONS OF GLOBAL SECURITY CONCERN THAT RESULTS IN PUBLISHED REPORTS, OUTREACH TO POLICYMAKERS AND BUSINESS LEADERS, AND INNOVATIVE FOLLOW-UP PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Mai Chair | OfficerTrustee | 2 | $0 |
Sava Thomas Secretary | OfficerTrustee | 2 | $0 |
Vivake Bhalla Treasurer | OfficerTrustee | 2 | $0 |
Caroline Thomas Director | Trustee | 1 | $0 |
Gaurav Verma Director | Trustee | 1 | $0 |
Hope Winthrop Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,852 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,443 |
| Total Program Service Revenue | $66,344 |
| Investment income | $30 |
| 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 | $440,817 |
| 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. | $106,333 |
| Compensation of current officers, directors, key employees. | $8,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,213 |
| Pension plan accruals and contributions | $1,809 |
| Other employee benefits | $8,609 |
| Payroll taxes | $17,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,696 |
| Fees for services: Accounting | $17,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,413 |
| Advertising and promotion | $0 |
| Office expenses | $52,337 |
| Information technology | $95 |
| Royalties | $0 |
| Occupancy | $4,718 |
| Travel | $103,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,391 |
| Insurance | $1,419 |
| All other expenses | $64 |
| Total functional expenses | $521,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,722 |
| Savings and temporary cash investments | $16,721 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,084 |
| 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 | $5,236 |
| Net Land, buildings, and equipment | $1,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,363 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $215,418 |
| Accounts payable and accrued expenses | $39,831 |
| Grants payable | $0 |
| Deferred revenue | $53,904 |
| 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 | $135,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $228,935 |
| Net assets without donor restrictions | -$13,517 |
| 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 | $215,418 |