Chips Network Inc
- Assets
- $3.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Sonoma, CA
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 46-1198117
Organization Overview
Chips Network Inc is located in Sonoma, CA. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Chips Network Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chips 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 12/2021, Chips Network 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 9.1% each year. All expenses for the organization totaled $893.3k during the year ending 12/2021. While expenses have increased by 10.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHIPS NETWORK, INC. ADVANCES AND CONNECTS WOMEN IN TECHNOLOGY, LAW AND POLICY. WE SEEK TO ACCELERATE INNOVATION THROUGH DIVERSITY OF THOUGHT, PARTICIPATION AND ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHIPS MISSION IS TO ADVANCE WOMEN IN TECH, LAW, AND POLICY. OUR MAIN PROGRAMS ARE: GLOBAL SUMMIT, NEXT GEN SUMMIT, MOCK PROGRAMS, GENERAL COUNSEL BOOTCAMP, WEBINARS, AND SUPPORTING NETWORKING AND LEARNING PROGRAMS THROUGH OUR CHAPTERS IN THE U.S., CANADA, EUROPE, AND AUSTRALIA/NEW ZEALAND. OUR SCHOLARSHIP PROGRAM FUNDS A LAW SCHOOL STUDENT WHO DEMONSTRATES A COMMITMENT TO A CAREER IN INTELLECTUAL PROPERTY LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Wright Former Director Of Events | 40 | $117,019 | |
Joan Toth Executive Director (began 6/21/21) | Officer | 55 | $88,811 |
Karen Royer Executive Director (thru 5/14/21) | Officer | 55 | $60,923 |
Katherine Minark Chair | OfficerTrustee | 1 | $0 |
Dorian Daley Director | Trustee | 1 | $0 |
Cyndi Wheeler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $664,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,946 |
| Total Program Service Revenue | $471,552 |
| Investment income | $274 |
| 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 | $1,157,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $266,752 |
| Compensation of current officers, directors, key employees. | $49,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,628 |
| Payroll taxes | $29,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,949 |
| Fees for services: Accounting | $23,389 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,949 |
| Advertising and promotion | $0 |
| Office expenses | $2,736 |
| Information technology | $54,317 |
| Royalties | $0 |
| Occupancy | $1,809 |
| Travel | $5,970 |
| 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 | $0 |
| Insurance | $6,720 |
| All other expenses | $14,647 |
| Total functional expenses | $893,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,891,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,800 |
| 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 | $118,615 |
| 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 | $3,091,697 |
| Accounts payable and accrued expenses | $12,945 |
| Grants payable | $0 |
| Deferred revenue | $23,500 |
| 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 | $21,258 |
| Total liabilities | $57,703 |
| Net assets without donor restrictions | $3,008,994 |
| Net assets with donor restrictions | $25,000 |
| 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 | $3,091,697 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Chips Network Inc has recieved totaling $49,699.
| Awarding Organization | Amount |
|---|---|
Gibson Dunn & Crutcher Foundation Los Angeles, CA PURPOSE: CHARITABLE | $32,000 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $12,500 |
Perkins Coie Foundation Seattle, WA PURPOSE: 2021 GLOBAL SUMMIT FOR WOMEN IN TECH, LAW & POLICY | $5,150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signal Technology Foundation Mountain View, CA | $46,245,596 | $12,765,380 |
San Diego Tourism Marketing District San Diego, CA | $25,387,973 | $27,784,986 |
Western Regional Examining Board Phoenix, AZ | $0 | $7,805,212 |
The Better Business Bureau Inc Phoenix, AZ | $11,570,437 | $16,919,340 |
Pacific West Association Of Realtors Inc Anaheim, CA | $20,065,190 | $11,318,447 |
Businesses United In Investing Lending And Development Redwood City, CA | $15,281,937 | $16,419,583 |
Enterprise Foundation San Jose, CA | $843,322 | $6,921,921 |
All Raise San Francisco, CA | $16,909,959 | $6,096,804 |
Forth Portland, OR | $1,266,604 | $3,911,296 |
Authorized Taxicab Supervision Inc Los Angeles, CA | $2,022,494 | $4,283,831 |
Better Business Bureau Of Los Angeles And Silicon Valley Inc San Jose, CA | $3,931,110 | $3,510,578 |
Worldatwork Society Of Certified Professionals Scottsdale, AZ | $12,717,541 | $3,104,582 |