Networkpeninsula
Nonprofit profile at a glance
- EIN
- 261250149
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Newport News, VA, USA
- Phone
- 7573258170
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Charity, Voluntarism Promotion
Reported finances
- Revenue
- $123,143
- Expenses
- $169,734
- Assets
- $25,506
- Liabilities
- $30,957
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- BOB MCKENNA (DIRECTOR)
- ABBIE SCHAEFER (DIRECTOR)
- MICHAEL BENNETT (DIRECTOR)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To build the capacity of the nonprofit sector
What it reported doing in 2024
Community connections - this program is comprised of weekly newsletters, our comprehensive website, and our social media platforms. The nonprofit e-source newsletter goes out to hundreds of nonprofits across the peninsula to let them know of upcoming programs, items made available from area businesses, new grants from across the country, and resources and opportunities that can help them move their organizations forward. The community e-connections newsletter is accessed by more than 1,500 individuals, businesses, and civic and faith-based groups from across the peninsula. Each week we share the most recent volunteer needs, item needs, and upcoming events from our nonprofits; as well as other resources to assist them and their families in times of need. The goal of these newsletters is to connect the needs of our nonprofits to the community at large and to provide ways they can get involved. Our webiste is a dynamic website continually updated with volunteer needs, item needs, job openings from our nonprofits, upcoming events, resources for board members to assist them in their service, and much more. Our social media platforms provide continual connections to the community at large and advocates for the value of the nonprofit sector to be recognized and kept top of mind. In 2024, we coordinated a faith forum for local congregations and faith communities to meet with nonprofit organizations. The event was attended by 32 different faith organizations and more than 50 nonprofits. This event was offered in partnership with the bernardine franciscan sisters foundation. Further, networkpeninsula leadership and board members were engaged in advocacy for nonprofits as an active member of the nonprofit alliance for Virginia (nava) throughout 2024, including hosting a meeting of regional capacity builders from all areas of the commonwealth in august 2024. Also, in 2024, networkpeninsula completed a mapping project in partnership with the william and mary department of public policy to compile a comprehensive directory of more than 140 nonprofit organizations operating on the Virginia peninsulas. The project included the creation of an interactive digital map for the networkpeninsula website. Lastly, the networkpeninsula hub was fully operational through 2024 - a shared, leased nonprofit office space for five nonprofits, including shared meeting/training room accessible to all of our nonprofit members
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 14
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -37.8%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 1.21; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 10.5% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: -3.5% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.