Nxtwork Inc

Nonprofit profile at a glance

EIN
854110618
IRS 990-EZ coverage
2022–2023
Forms available
Form 990-EZ 2023, Form 990-N 2021
Location
New York, NY, USA
Phone
2128127000
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Leadership Development

Official website

Reported finances

Revenue
$30,231
Expenses
$34,306
Assets
$1,357
Liabilities
$0

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

Leadership & pay

4 people listed

Executive titles in this filing

  • CHRISTINE LAWTON (PRESIDENT/CEO/SECRETARY)
  • DOMINIQUE SHELTON LEIPZIG (VICE PRESIDENT/DIRECTOR/CO-CEO)

People named in this filing

  • CHRISTINE LAWTON (PRESIDENT/CEO/SECRETARY)
  • DOMINIQUE SHELTON LEIPZIG (VICE PRESIDENT/DIRECTOR/CO-CEO)
  • JENNY KIM (CHIEF FINANCIAL OFFICER)

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

Nxtwork brings value to organizations and society as a whole by connecting key leaders on boards and c-suites to our highly qualified network of women+ executives.

What it reported doing in 2023

In 2024, nxtwork inc. Continued its work of creating meaningful engagement between its members and c-suites and boards, supporting its members to secure c-suite and board positions, and outreach to grow membership. Those efforts included proposing 12 people for board interviews (several of whom continue to be under serious consideration for board placements), and holding board-readiness seminars on ai and cyber in collaboration with the alliance of chief executives, the chief executive group, and xapa.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 0

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: Yes; rating input score 100

Sustainability

  • Operating margin: -13.5%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.04; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -109% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -136.1% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -120% per year; rating input score 0; 1st 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 · $34K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.