Nonprofit · EIN 81-1168775
NET RESOURCE FOUNDATION
Tax-exempt · CHATTANOOGA, TN 37410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $307,721 | $214,489 | $93,232 | $239,811 | $0 | $239,811 |
| December 31, 2023 | 990 | $234,008 | $157,733 | $76,275 | $147,603 | $1,025 | $146,578 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $293,594
- Program service revenue
- $13,945
- Investment income
- $182
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $31,200
- Other salaries and wages
- $30,613
- Salaries, compensation and benefits (total)
- $67,385
- Professional fundraising fees
- $0
- Accounting fees
- $4,948
- Occupancy
- $40,248
- Depreciation
- $3,601
- Program services (functional)
- $205,404
- Management and general (functional)
- $9,085
Balance sheet and other
- Total assets, start of year
- $147,603
- Total assets, end of year
- $239,811
- Total liabilities, end of year
- $0
- Net assets, end of year
- $239,811
- Land, buildings and equipment
- $37,586
- Net assets without donor restrictions
- $107,005
- Net assets with donor restrictions
- $132,806
- Gross receipts
- $307,721
- Employees
- 6
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- TN
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 |
|---|---|---|---|
| RAQUETTA DOTLEY | EXECUTIVE DIRECTOR Officer | 30 | $31,200 |
| RUDOLPH FOSTER | BOARD MEMBER Trustee or director | 2 | $0 |
| CAROL JOHNSON | PARLIAMENTARIAN BOARD MEMB Trustee or director | 2 | $0 |
| GEORGE W MAIZE | V-BOARD MEMBER Trustee or director | 0 | $0 |
| PAUL MIDDLEBROOKS | BOARD PRESIDENT Officer | 2 | $0 |
| PATRICIA PACE | BOARD TREASURER Officer | 16 | $0 |
| DAMIEN VINSON | VICE PRESIDENT Officer | 2 | $0 |
| PAMELA SAMMONS | SECRETARY Officer | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAQUETTA DOTLEY | EXECUTIVE DIRECTOR Officer | 30 | $31,200 |
| CAROL JOHNSON | PARLIAMENTARIAN BOARD MEMB Trustee or director | 2 | $0 |
| DAMIEN VINSON | BOARD MEMBER Trustee or director | 2 | $0 |
| PAMELA SAMMONS | BOARD MEMBER Trustee or director | 2 | $0 |
| PAUL MIDDLEBROOKS | BOARD PRESIDENT Officer | 2 | $0 |
| RUDOLPH FOSTER | BOARD VICE PRESIDENT Officer | 2 | $0 |
| PATRICIA PACE | BOARD TREASURER Officer | 16 | $0 |
Address and contacts
- Address (IRS master file)
- 4001 HUGHES AVE STE 205, CHATTANOOGA, TN 37410-1625
- Principal officer (990 for 2024)
- PAUL MIDDLEBROOKS, 4001 HUGHES AVE, CHATTANOOGA, TN 374101625
- Signed the 990
- PAUL MIDDLEBROOKS, PRESIDENT
- Phone
- (423) 629-1649
- Return prepared by
- THOMPSON PRICE SCOTT ADAMS & CO
Mission
WE STRONGLY BELIEVE THAT BY BEING AN ACTIVE PART OF THE COMMUNITY AND ASSESSING THE NEEDS FROM WITHIN, WE CAN BETTER SERVE OUR CITIZENS AND DELIVER HIGH-QUALITY PROGRAMS CUSTOMIZED TO IMPACT OUR NEIGHBORHOOD.
Program accomplishments
- THE MISSION OF THE NET RESOURCE FOUNDATION IS TO CHALLENGE SYSTEMIC ISSUES THROUGH MENTORSHIP AND COMMUNITY-BUILDING PROGRAMS IN THE SOUTH CHATTANOOGA COMMUNITY.Expenses $205,404 · revenue $14,127
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
- 81-1168775
- 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 (P50)
- Assets (IRS master file)
- $239,811
- Income (IRS master file)
- $307,721
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $307,721 | $214,489 | $239,811 | XML |
| 990 | December 2023 | $234,008 | $157,733 | $147,603 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 81-1168775).
Questions about NET RESOURCE FOUNDATION
- What is the EIN of NET RESOURCE FOUNDATION?
- The employer identification number (EIN) of NET RESOURCE FOUNDATION is 81-1168775.
- Is NET RESOURCE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to NET RESOURCE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NET RESOURCE FOUNDATION 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 RESOURCE FOUNDATION 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 RESOURCE FOUNDATION 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 RESOURCE FOUNDATION?
- The 990 for the year ended December 31, 2024 names PAUL MIDDLEBROOKS.
- Who are the officers and directors of NET RESOURCE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $31,200 (RAQUETTA DOTLEY, EXECUTIVE DIRECTOR).
- How much revenue does NET RESOURCE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $307,721, expenses of $214,489 and total assets of $239,811 at year end.
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