2020 Annual Benefit Report

NetRaising had a stable year in 2020 despite the global pandemic. It did not require nor accept any government or privately funded loans or grants. All employees retained their full-time employment and NetRaising initiated an increase in base compensation for all employees that exceeds Washington State’s new standards for salaried employees. There were no changes in personnel and the business continues to be both socially and financially profitable. NetRaising also identified a newly available leasing opportunity that will allow it to migrate all of its client hosting into a greenhouse-gas-neutral datacenter in 2021 and recertified to remain a Certified B Corporation.

Social Benefit

- 3 living-wage jobs
- 50+ nonprofit and education organizations served
- 89+ public websites supported (and additional private extranets)
- See new projects list at the bottom of this report

Environmental Responsibility

- 100% of our team operated from virtually-connected home offices
- 0 miles of commuting by bike or walking
- 0 miles of commuting for work by car
- 2 reams of printer paper purchased for our nearly paperless office
- 0 miles of work-related air travel
- 20% host servers leased from a Climate-Positive Data Center

Financial Sustainability

Client Retention:
- 80% of this year’s projects were for existing clients
- 7.14 years = average length of client loyalty

New Client Acquisition:
- 3 clients were new to us in 2020

Debt/Investors:
- 0 (zero) unsecured debt balance carried beyond any 30-day period

Revenue:
- 1% increase in gross revenue
- 10% decrease in net revenue
- 2% increase in pre-contracted services
- 85% of revenue came from pre-contracted services

Expenses:
- 29% of revenue went to the owner as compensation
- 71% of revenue went to employees, associates, and other expenses

Nonprofit - New Launches, Branding Updates and Major Software Upgrades

COVID-19 Scam & Fraud Alert Task Force
Portraits of Courage
Great Arts. Period.
North Country Garden Club
The Oregon Jewish Community Foundation
Wy’East Plaza
2019 IMEU Annual Impact Report *website requires login to view
Proud Ground - 2019 Annual Report
Proud Ground
Returning Veterans Project - 2019 Impact Report
Congregation B’nai Shalom
Chamber Music Northwest
Cinco de Micro Brewfest