Biz Net Cares Foundation Inc

Nonprofit profile at a glance

EIN
850491904
IRS 990-EZ coverage
2020–2022
Forms available
Form 990-EZ 2022
Location
Cape Coral, FL, USA
Phone
2395424400
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Service Clubs

Reported finances

Revenue
$96,586
Expenses
$97,887
Assets
$1,271

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • BRIAN SAULS (PRESIDENT)

People named in this filing

  • CRYSTAL REYES (SECRETARY)
  • DAWN TROUT (TREASURER)
  • BRIAN SAULS (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote common business interest. To be a resouce for those who demand relationship-based professionals who provide quality and reliable products for services in swfl while supporting the local community. The biz net cares foundation contributes part of the funds received through the foundations activities to local charities in lee county. Local 501(c)(3) charities are selected based on a discretionary basis by the foundation's board

What it reported doing in 2022

The organizations purpose is to promote common business interest and support the local community. To do such things and to perform such acts to accomplish its purposes as the board of directors may determine to be appropriate and, as not forbidden by sections 501(c)(3) of the code, with all the power conferred on nonprofit corporation under the laws of the state of Florida.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -1.3%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 99% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 98.2% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 52.2% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $98K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.