Net Foundation

Nonprofit profile at a glance

EIN
472119192
IRS 990-EZ coverage
2014–2023
Forms available
Form 990 2022, Form 990-EZ 2023
Location
Redmond, WA, USA
Phone
4257051008
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Business and Industry

Reported finances

Revenue
$60,000
Expenses
$208,830
Assets
$46,877
Liabilities
$6,374

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • JOSEPH GUADAGNO (PRESIDENT)
  • KEVIN GRIFFIN (VICE PRESIDENT)

People named in this filing

  • JOSEPH GUADAGNO (PRESIDENT)
  • KEVIN GRIFFIN (VICE PRESIDENT)
  • MITCHELL SELLERS (TREASURER)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The .net foundation is a 501(c)(6) non profit org, which was established to support an innovative, commercially friendly, open-source ecosystem around the .net platform.

What it reported doing in 2023

Operations and management support: technical support: we provide a number of technical support services for our projects including authenticode code-signing of binaries and installers, binary distribution management, forums, hosting, shared secret storage, online and phone conferencing as well as document collaboration facilities and access to software.marketing and communications: the .net foundation works with microsoft and the broader industry to increase the exposure of open source projects in the .net community and the .net foundation. The .net foundation provides access to these resources to projects and looks to promote the activities of our communities.financial support: the .net foundation is not a grant funding body, but the .net foundation can help projects accept, invoice and process donations in-kind or earmarked donations on behalf of the individual projects. As a us tax-exempt non-profit organization (501(c)(6), there are some limits on what projects can do with those assets, but the foundation will work with the project to ensure funds are spent appropriately. When running events such as meet-ups and conferences, the foundation can also work with projects to create ticket selling accounts, arrange contracts with venues etc. Donations typically cover activities including hosting expenses, travel expenses to attend conferences/meet-ups, promotional items for the project, sponsoring or organizing a conference/meet-up.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 100
  • Sustainability: 16
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

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

Sustainability

  • Operating margin: -248.1%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 12.2% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 6.5% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2014 to 2023
  • 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: Operating margin scored 5/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.