Timothy Smith Network

What it reported doing in 2024

The Timothy Smith Network (TSN) advanced its mission to expand digital equity and economic opportunity for Boston residents by delivering a coordinated portfolio of high? impact technology education programs serving youth, adults, and veterans across the city. Through hands? on instruction, workforce? aligned training, and mentorship, TSN empowered participants to build technical proficiency, creative confidence, and pathways into emerging technology fields. Boston Design Academy (BDA) TSNs Boston Design Academy provided youth with immersive learning in digital design, engineering, and health technology, offering instruction in Unreal Engine 5, Fusion 360, 3D modeling, coding, and prototype development. Students explored real-world problem solving through modules such as Tech Your Health, where they designed wellness technologies addressing community health needs. Participants produced functional prototypes, digital games, and design concepts showcased at public presentations, strengthening their readiness for STEAM careers. Alumni Mentorship Program (AMP) The Alumni Mentorship Program supported high school and college? age youth with career exploration, professional skill? building, and paid project-based learning. AMP participants worked with industry mentors, completed digital design and technology assignments, and contributed to community? focused projects. The program emphasized accountability, communication, and portfolio development, ensuring students were prepared for internships, employment, and postsecondary opportunities. Boots 2 Technology Veterans Program TSNs Boots 2 Technology initiative provided veterans and transitioning service members with accessible pathways into technology careers. Participants received hands-on training in digital literacy, hardware and software fundamentals, cybersecurity awareness, and emerging technologies. The program supported veterans in translating military experience into civilian workforce skills, strengthening economic mobility and long-term career stability. The Builders Program Media Storytelling The Builders Program engaged youth in media production, digital storytelling, and creative technology, guiding participants through the development of short films, documentaries, podcasts, and visual narratives. Students learned camera operation, editing, sound design, and narrative structure while exploring themes rooted in community identity and lived experience. The program culminated in a public showcase celebrating youth voice, creativity, and technical achievement. Across all programs, TSN continued to bridge the digital divide, expand access to high-quality technology education, and cultivate the next generation of innovators, storytellers, and leaders from Bostons historically underserved communities.

Financial Efficiency

• Mission deployment rate: 39.9%; rating input score 40
• Program expense ratio: 75.9%; rating input score 76
• Fundraising efficiency: $23.64 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
• Pay-setting controls: Limited
• 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; 63rd percentile among comparable filings
• Governance controls: 0 of 8 controls in place; rating input score 0
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Fail
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 47.4%; rating input score 92; 92nd percentile among comparable filings
• Total-asset coverage ratio: 1.99; rating input score 64; 64th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 24.2%; rating input score 11; 11th percentile among comparable filings

Growth

• Program expense growth: -1.8% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: -1.4% per year; rating input score 0; 10th percentile among comparable filings
• Asset growth: -2.9% per year; rating input score 0; 10th percentile among comparable filings