Nonprofit · EIN 46-2666977
NET POSITIVE INC
Tax-exempt · BUFFALO, NY 14208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,292,833 | $1,095,126 | $197,707 | $1,498,548 | $410,412 | $1,088,136 |
| December 31, 2023 | 990 | $913,103 | $532,305 | $380,798 | $1,103,025 | $241,636 | $861,389 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,075,969
- of which government grants
- $491,473
- Program service revenue
- $174,552
- Investment income
- $23,931
- Net income from sales of inventory
- $18,381
- Other revenue
- $18,381
Expenses
- Grants and similar amounts paid
- $325,642
- Compensation of officers, directors and key employees
- $62,080
- Other salaries and wages
- $344,347
- Salaries, compensation and benefits (total)
- $457,414
- Professional fundraising fees
- $0
- Accounting fees
- $23,455
- Occupancy
- $33,768
- Depreciation
- $22,876
- Program services (functional)
- $1,040,349
- Management and general (functional)
- $39,781
- Fundraising (functional)
- $14,996
Balance sheet and other
- Total assets, start of year
- $1,103,025
- Total assets, end of year
- $1,498,548
- Total liabilities, end of year
- $410,412
- Net assets, end of year
- $1,088,136
- Land, buildings and equipment
- $332,443
- Net assets without donor restrictions
- $741,502
- Net assets with donor restrictions
- $346,634
- Gross receipts
- $1,301,851
- Employees
- 27
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Megan McNally | Executive Director Officer | 40 | $62,080 |
| Scott Cassety | Treasurer Trustee or director, Officer | 5 | $0 |
| Kevin Zanner | Secretary Trustee or director, Officer | 5 | $0 |
| Matt Lehner | Member Trustee or director | 2 | $0 |
| David Stebbins | Member Trustee or director | 2 | $0 |
| Andrew Schwartz | Vice President Trustee or director, Officer | 5 | $0 |
| Najja Bouldin | President Trustee or director, Officer | 5 | $0 |
| Gregory Cherry | Member Trustee or director | 2 | $0 |
| Lauren Pratt | Member Trustee or director | 2 | $0 |
| Joseph Smidt | Member Trustee or director | 2 | $0 |
| Nassema Dawkins | Member Trustee or director | 2 | $0 |
| Keiah Shauku | Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Megan McNally | Executive Director Trustee or director | 40 | $47,848 |
| Matt Lehner | Member Trustee or director | 2 | $0 |
| David Stebbins | Member Trustee or director | 2 | $0 |
| Andrew Schwartz | Vice President Trustee or director | 5 | $0 |
| Shantelle Patton | Member Trustee or director | 2 | $0 |
| Tracy Collymore | Member Trustee or director | 2 | $0 |
| Najja Bouldin | President Trustee or director | 5 | $0 |
| Gregory Cherry | Member Trustee or director | 2 | $0 |
| Scott Cassety | Treasurer Officer | 5 | $0 |
| Kevin Zanner | Secretary Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 298 NORTHAMPTON ST, BUFFALO, NY 14208-2303
- In care of
- % MEGAN MCNALLY
- Principal officer (990 for 2024)
- Megan McNally, 298 Northampton Street, Buffalo, NY 14208
- Signed the 990
- Megan McNally, Executive Director
- Phone
- (716) 885-1381
- Return prepared by
- Lancaster Accounting & Tax Service
Mission
Net Positive, Inc. provides youth and adults with the opportunity to pursue their business dreams with access to private space, equipment, and business assistance. An average of 200 students find success in hands-on skill
Program accomplishments
- Youth Education & Workforce Development The Foundry advances education, empowerment, and employment by serving an average of 200 youth annually from K12 students to out-of-school emerging adults up to age 24. Through hands-on STEAM learning in our shops and labs, participants gain exposure to career pathways, new digital literacies, and technical skill-building that translates into real opportunities. Our workforce pipeline includes job training partnerships with Baker-Victory Services and YouthBuild, paid part-time employment through FOUNDRYmade, job-shadowing with onsite entrepreneurs, and youth entrepreneurship programs that teach financial literacy, product development, and public market selling. Together, these layered experiences move youth from curiosity to competency to career.Expenses $316,030 · revenue $48,033
- Business Support This past year, The Foundry supported 25 businesses through affordable on-site incubation space paired with mentoring, business workshops, and connections to local support services. We expanded our impact beyond tenants by launching Business and Product Labs and delivering capacity-building workshops to several hundred additional entrepreneurs in the community. Multiple incubated businesses successfully graduated into independent locations, contributing to neighborhood economic growth. We also hosted on-site legal clinics in partnership with regional organizations to help entrepreneurs address legal questions related to formation, contracts, and compliance reducing barriers and strengthening the long-term viability of small businesses across Buffalo.Expenses $568,920 · grants $325,642 · revenue $90,752
- Makerspace Access The Foundry provides broad community access to fabrication tools and hands-on learning through adult workshops in our wood, metal, textile, and technology labs. These classes allow adults to build new skills, prototype ideas, and complete personal or professional projects in a supported environment. In addition, we host weekly Open Maker Hours, giving trained community members ongoing access to our shops and equipment. More than 100 individuals actively use these hours to continue skill development, repair or create products, and participate in a shared creative ecosystem that lowers barriers to making, learning, and micro-manufacturing.Expenses $155,399 · revenue $35,779
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2666977
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $1,498,548
- Income (IRS master file)
- $1,301,851
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,292,833 | $1,095,126 | $1,498,548 | IRS |
| 990 | December 2023 | $913,103 | $532,305 | $1,103,025 | XML |
| 990 | December 2022 | $414,730 | $435,282 | $661,783 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2666977).
Questions about NET POSITIVE INC
- What is the EIN of NET POSITIVE INC?
- The employer identification number (EIN) of NET POSITIVE INC is 46-2666977.
- Is NET POSITIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to NET POSITIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NET POSITIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NET POSITIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NET POSITIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NET POSITIVE INC?
- The 990 for the year ended December 31, 2024 names Megan McNally.
- Who are the officers and directors of NET POSITIVE INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $62,080 (Megan McNally, Executive Director).
- How much revenue does NET POSITIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,292,833, expenses of $1,095,126 and total assets of $1,498,548 at year end.
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