Nw3c Inc

Nonprofit profile at a glance

EIN
541393537
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Richmond, VA, USA
Phone
8042175628
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$11,475,252
Expenses
$10,739,244
Assets
$3,315,301
Liabilities
$1,089,022

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • GLEN GAINER (PRESIDENT & CHIEF EXECUTIVE OFFICER)
  • CHARLES COHEN (VICE PRESIDENT)
  • JUSTIN FITZSIMMONS (ASSOCIATE VICE PRESIDENT)
  • JAMES EMERSON (VICE PRESIDENT)
  • ROBERT LEAZENBY (VICE PRESIDENT)

Highest reported compensation

  • GLEN GAINER (PRESIDENT & CHIEF EXECUTIVE OFFICER): $301,341 total reported compensation
  • STEVE DEBROTA (VP & CHIEF COUNSEL): $256,829 total reported compensation
  • CHARLES COHEN (VICE PRESIDENT): $254,811 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization provides support to federal, state, local and tribal law enforcement agencies engaged in the prevention, investigation and prosecution of financial, intelligence, cyber and high-tech crime through research and training.

What it reported doing in 2024

The organization responds to a high demand for services utilizing funds derived from federal agencies such as the department of justice's bureau of justice assistance, office of juvenile justice and delinquency prevention, and the bureau of justice statistics, as well as non-federal funding sources. Nw3c provides critical training and support services for law enforcement and regulatory agencies tasked with the prevention, investigation and prosecution of economic and high-tech crime across multiple jurisdictions, including internet based crimes against children and child pornography, as well as intellectual property crimes. Our nationwide support system delivers training in computer forensics, cyber and financial crime investigations and intelligence analysis. We also offer analytical technical support to agencies and conduct research on all facets of white collar crime.

Operating model

Revenue model
Grant-funded. 79% of the money available for current operations came from government grants.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 36
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.5%; rating input score 71
  • Program expense ratio: 76.3%; rating input score 76
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.4%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 16.4%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: -0.9% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 71.5% of revenue deployed · 76.3% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.2M in reported program spending
  • Leadership: top reported pay $301K · 21 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $405K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.