Civic Intelligence

Ntec for Technology Inc

990 • Fiscal year 2014 • EIN 02-0651062

Oct 01, 2013 to Sep 30, 2014 • Filed on May 14, 2015

Organization ProfileWWW.NTEC-INC.ORG
6170 Research RoadFrisco, TX 75034

(972) 987-1403

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.26x

Higher debt load relative to assets than 65% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.11x

Higher debt load relative to revenue than 51% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

87th percentile

$173,200

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

62nd percentile

9.3%

Faster revenue growth than 62% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$523,338

Up $124,189 (+31%) from 2013

Net Assets

Up

$389,788

Up $134,498 (+53%) from 2013

Liabilities

Down

$133,550

Down $10,309 (-7.2%) from 2013

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin69th percentile

Revenue

Up

$1,181,044

Up $100,343 (+9.3%) from 2013

Expenses

Down

$1,046,546

Down $111,712 (-9.6%) from 2013

Net Income

Up

$134,498

Up $212,055 (+273%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $405,860Liabilities 2011: $127,679Net Assets 2011: $278,1812011Assets 2012: $460,544Liabilities 2012: $127,699Net Assets 2012: $332,8462012Assets 2013: $399,149Liabilities 2013: $143,859Net Assets 2013: $255,2902013Assets 2014: $523,338Liabilities 2014: $133,550Net Assets 2014: $389,7882014Assets 2015: $417,709Liabilities 2015: $544Net Assets 2015: $417,1652015Assets 2016: $198,233Liabilities 2016: $297Net Assets 2016: $197,9362016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2014

Assets$523,338
Liabilities$133,550
Net Assets$389,788
Open 2014 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $952,061Expenses 2011: $947,061Net Income 2011: $5,0002011Revenue 2012: $1,115,129Expenses 2012: $1,060,464Net Income 2012: $54,6652012Revenue 2013: $1,080,701Expenses 2013: $1,158,258Net Income 2013: -$77,5572013Revenue 2014: $1,181,044Expenses 2014: $1,046,546Net Income 2014: $134,4982014Revenue 2015: $641,198Expenses 2015: $613,821Net Income 2015: $27,3772015Revenue 2016: $601,850Expenses 2016: $617,787Net Income 2016: -$15,9372016Revenue 2017: $270,170Expenses 2017: $468,106Net Income 2017: -$197,9362017

Highlighted filing

2014

Revenue$1,181,044
Expenses$1,046,546
Net Income$134,498
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$1,181,044
Mission and Program Overview

Mission

Ntec stimulates local and regional economic development by assistingentrepreneurs with starting and growing new technology basedcompanies.ntec fulfills this mission by delivering to entrepreneurs acomprehensive suite of management support services, education andphysical infrastructure that enables them to attract investment capitaland accelerate market entry.

Assists entrepreneurs with starting and growing new medical technology ventures. Significant activities include a facility designed for startup companies, internal programs, investment forums, and other training programs; hands on assistance with management, operations, regulatory matters, manufacturing & qc, funding and staffing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$255,290$389,788▲ $134,498
Land, Buildings, and Equipment, Net$92,771$201,448▲ $108,677
Cash and Non-Interest-Bearing Accounts$292,911$167,286▼ $125,625
Accounts Receivable$2,067$113,878▲ $111,811
Prepaid Expenses and Deferred Charges$11,400$10,654▼ $746
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$399,149$523,338▲ $124,189
Other Assets Total$0$30,072▲ $30,072
Liabilities
Other Liabilities$104,697$73,036▼ $31,661
Accounts Payable and Accrued Expenses$37,587$38,553▲ $966
Mortgage Notes Payable Secured by Investment Property-$21,961-
Deferred Revenue$1,575$0▼ $1,575
Total Liabilities$143,859$133,550▼ $10,309
Net Assets / Fund Balance
Total Net Assets Fund Balance$255,290$389,788▲ $134,498
Total Liabilities and Net Assets / Fund Balance$399,149$523,338▲ $124,189

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$88,336$180,143-
Equipment$17,105$249,288-
Leasehold Improvements$96,007$44,517-
Other Assets Org$30,072--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John MillerExecutive DirectorFT$173,200$173,200

Board Members and Trustees

NameTitle
Dan BollnerDirector
Doug BrennerDirector
Jaime RonderosDirector
Ken HawariDirector
Scott FreemanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$559,540
Program Service Revenue
$615,810
Investment Income
$694
Other Revenue
$5,000
All Other Contributions
$12,500
Change in Net Assets
$134,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$539,959
Other Expenses$506,587
Total Fundraising Expense$5,061
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$376,529$94,132-$470,661
Occupancy$143,320$143,321-$286,641
Information Technology$34,242$34,241-$68,483
Depreciation Depletion-$48,631-$48,631
Office Expenses-$42,313-$42,313
Payroll Taxes$35,431--$35,431
Other Employee Benefits$31,476--$31,476
Fees for Services Accounting-$24,778-$24,778
Travel-$13,303-$13,303
Other Expenses-$5,061$5,061$10,122
Conferences and Meetings-$5,415-$5,415
Insurance-$2,411-$2,411
Other Salaries and Wages$2,391--$2,391
Interest-$2,193-$2,193
Advertising-$1,297-$1,297
Fees for Services Management$1,000--$1,000
Total Functional Expenses$624,389$417,096$5,061$1,046,546
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$49,616
Term Loan$23,420
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The frisco economic development corporation is a primary funding source for ntec. One member of its board serves on the ntec board.”

Form 990, Part VI, Section B, Line 11

“Form 990 is prepared by the firm that handles its accounting and reporting. The executive director participates in the process of preparing the tax return and reviews the tax return prior to filing. Form 990 and related schedules are provided to the board of directors.”

Form 990, Part VI, Section B, Line 12C

“Ntec reviews the annual disclosure forms and notes any potential conflicts. Based on the nature of each reported item, these may be brought to the board of directors for review and discussion.”

Form 990, Part VI, Section B, Line 15A

“A member of the board of directors conducted a review of salaries of comparable organizations and presented the findings to the compensation subcommittee of the board. Their recommendations were voted on and approved by the full board.”

Form 990, Part VI, Section C, Line 19

“Ntec maintains an electronic version (pdf) of its documents and provides them upon written request.”

Filing and Contact Details

Filer

EIN
02-0651062
Phone
9729871403

Signing Officer

Name
John Miller
Title
Director
Phone
9729871403
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Miller
Formed
2002
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
0

Preparer

Preparer
Laureen F Noonan
Phone
9727480300
Raw XML AppendixShowing 400 of 430 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ASSISTS ENTREPRENEURS WITH STARTING AND GROWING NEW MEDICAL TECHNOLOGY VENTURES. SIGNIFICANT ACTIVITIES INCLUDE A FACILITY DESIGNED FOR STARTUP COMPANIES, INTERNAL PROGRAMS, INVESTMENT FORUMS, AND OTHER TRAINING PROGRAMS; HANDS ON ASSISTANCE WITH MANAGEMENT, OPERATIONS, REGULATORY MATTERS, MANUFACTURING & QC, FUNDING AND STAFFING.
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IRS990/Desc0BUSINESS SERVICES: NTEC PROVIDES BUSINESS COACHING, CONSULTING, REFERRALS, AND OTHER ASSISTANCE AS MAY BE REQUIRED BY ITS PROGRAM COMPANIES TO ACCELERATE THEIR GROWTH AND INCREASE THEIR ODDS OF SUCCESS. NTEC'S DIRECT ASSISTANCE INCLUDES BUSINESS MANAGEMENT, OPERATIONS, FINANCE AND ACCOUNTING, FUNDRAISING, REGULATORY MATTERS, MANUFACTURING AND QUALITY CONTROL, STAFFING, SUPPORT NETWORKS, REFERRALS, AND ENTREPRENEURIAL EDUCATION. BUSINESS SERVICES ARE TAILORED TO MEET THE SPECIFIC NEEDS AND STAGE OF DEVELOPMENT OF EACH COMPANY.NTEC RECEIVES NUMEROUS PERSONAL INQUIRIES DURING THE YEAR. THE TEAM REVIEWS EXECUTIVE SUMMARIES, BUSINESS PLANS, STARTUP COMPANY PITCHES AND PRESENTATIONS. OF THESE NTEC SELECTS COMPANIES FOR COACHING, MAKES REFERRALS TO INVESTORS AND OTHER SOURCES OF FUNDING. THESE ACTIVITIES ARE PROVIDED BY THE FULL TIME STAFF AS WELL AS NUMEROUS MENTORS AND VOLUNTEERS.
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IRS990/MissionDesc0NTEC STIMULATES LOCAL AND REGIONAL ECONOMIC DEVELOPMENT BY ASSISTING ENTREPRENEURS WITH STARTING AND GROWING NEW TECHNOLOGY BASED COMPANIES.NTEC FULFILLS THIS MISSION BY DELIVERING TO ENTREPRENEURS A COMPREHENSIVE SUITE OF MANAGEMENT SUPPORT SERVICES, EDUCATION AND PHYSICAL INFRASTRUCTURE THAT ENABLES THEM TO ATTRACT INVESTMENT CAPITAL AND ACCELERATE MARKET ENTRY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0FACILITY SERVICES: NTEC PROVIDES A FULL SERVICE FACILITY FOR INCUBATING COMPANIES. THE FACILITY HAS ALL OF THE SERVICES A COMPANY REQUIRES IN ORDER TO ACCELERATE ITS GROWTH, INCLUDING OFFICE SPACE, ADMINISTRATIVE SERVICES, LAB AND TECHNICAL SPACE. THE FACILITY AND SERVICES ARE FLEXIBLE TO MEET THE NEEDS OF STARTUP COMPANIES. THE FACILITY ALSO PROVIDES FOUNDING TEAMS THE OPPORTUNITY TO INTERACT WITH SEASONED PROFESSIONALS, SERVICE PROVIDERS, AND CAPITAL PROVIDERS TO ADDRESS STRATEGIC AND TACTICAL ISSUES.THE FACILITY IS A 50,000 SQUARE FOOT ENTERPRISE CENTER THAT INCLUDES LAB SPACE, FURNISHED OFFICES, HIGH TECH FLEX-SPACE, CUBICLES, CONFERENCE SPACE AND MEETING ROOMS, KITCHEN AND BREAK ROOMS, 24 HOUR ACCESS TO SECURED BUILDING, AND SHARED RECEPTION. THE BUILDING INFRASTRUCTURE INCLUDED HIGH SPEED INTERNET ACCESS, WIRELESS IN-OFFICE CONNECTIVITY, DATA AND DIGITAL/IP TELEPHONE COMMUNICATIONS, STATE-OF-THE-ART PRESENTATION AND PROJECTION EQUIPMENT, VIDEO SURVEILLANCE, NETWORKED PRINTING AND SHARED PRINTERS. THE FACILITY CAN ACCOMODATE UP TO 150 OCCUPANTS
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IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION: NTEC PROVIDES EDUCATIONAL PROGRAMS, SEMINARS AND OUTREACH PROGRAMS, INCLUDING CEO ROUNDTABLES, BROWN-BAG LUNCH PANEL DISCUSSIONS, STAKEHOLDER MEETINGS, INVESTMENT FORUMS, AND OTHER TRAINING PROGRAMS. NTEC ALSO PARTICIPATES IN OUTWARD-FACING EVENTS SUCH AS MEDICAL DEVICE ACTION ALLIANCE, BUSINESS PLAN COMPETITIONS, ANGEL FUNDING FORUMS, TECHNOLOGY AWARD EVENTS AND OTHER GENERAL TECHNOLOGY AND ENTREPRENEURIAL SEMINARS AND TRAINING.
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IRS990/PYTotalExpensesAmt01158258
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01080701
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0134498
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0AMOUNTS REPRESENT PROGRAM SERVICE REVENUE WHICH INCLUDES LICENSE FEES RECEIVED FROM SUPPORTED COMPANIES AND INCOME RECEIVED FROM SPONSORS AND ATTENDEES OF PROGRAMS AND SEMINARS HELD BY NTEC.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, SECTION B, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0559540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0562500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0500000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0710583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0569740
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02902363
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0694
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0141
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0245
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018748
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019922
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0615810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0518107
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0614988
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0251210
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0236324
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02236439
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56260
IRS990ScheduleA/PublicSupportPY170Pct00.66400
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0559540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0562500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0500000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0710583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0569740
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02902363
IRS990ScheduleA/TotalSupportAmt05158724
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0249288
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0266393
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt096007
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt044517
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0140524
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt030072
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNDEPOSITED FUNDS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0180143
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0268479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt023420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt149616
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TERM LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0201448
IRS990ScheduleD/TotalBookValueOtherAssetsAmt030072
IRS990ScheduleD/TotalLiabilityAmt073036
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0173200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EMPLOYEES WORK A SUBSTANTIAL NUMBER OF HOURS, SO HEALTH CLUB DUES ARE PROVIDED TO ENCOURAGE MAINTAINING A HEALTHY LIFESTYLE. THE EXECUTIVE DIRECTOR IS PROVIDED A SOCIAL MEMBERSHIP IN DINNER CLUBS FOR NETWORKING PURPOSES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FRISCO ECONOMIC DEVELOPMENT CORPORATION IS A PRIMARY FUNDING SOURCE FOR NTEC. ONE MEMBER OF ITS BOARD SERVES ON THE NTEC BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY THE FIRM THAT HANDLES ITS ACCOUNTING AND REPORTING. THE EXECUTIVE DIRECTOR PARTICIPATES IN THE PROCESS OF PREPARING THE TAX RETURN AND REVIEWS THE TAX RETURN PRIOR TO FILING. FORM 990 AND RELATED SCHEDULES ARE PROVIDED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NTEC REVIEWS THE ANNUAL DISCLOSURE FORMS AND NOTES ANY POTENTIAL CONFLICTS. BASED ON THE NATURE OF EACH REPORTED ITEM, THESE MAY BE BROUGHT TO THE BOARD OF DIRECTORS FOR REVIEW AND DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A MEMBER OF THE BOARD OF DIRECTORS CONDUCTED A REVIEW OF SALARIES OF COMPARABLE ORGANIZATIONS AND PRESENTED THE FINDINGS TO THE COMPENSATION SUBCOMMITTEE OF THE BOARD. THEIR RECOMMENDATIONS WERE VOTED ON AND APPROVED BY THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NTEC MAINTAINS AN ELECTRONIC VERSION (PDF) OF ITS DOCUMENTS AND PROVIDES THEM UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0399149
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IRS990/TotalAssetsGrp/BOYAmt0399149
IRS990/TotalAssetsGrp/EOYAmt0523338
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0559540
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05061
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0417096
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0624389
IRS990/TotalFunctionalExpensesGrp/TotalAmt01046546
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0143859
IRS990/TotalLiabilitiesEOYAmt0133550
IRS990/TotalLiabilitiesGrp/BOYAmt0143859
IRS990/TotalLiabilitiesGrp/EOYAmt0133550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0255290
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0389788
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0624389
IRS990/TotalProgramServiceRevenueAmt0615810
IRS990/TotalReportableCompFromOrgAmt0173200
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0621504
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01181044
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0399149
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine106170 RESEARCH ROAD
IRS990/USAddress/City0FRISCO
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode075034
IRS990/VotingMembersGoverningBodyCnt05

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$523,338
Liabilities
$133,550
Net assets
$389,788
Revenue
$1,181,044
Expenses
$1,046,546
Net income
$134,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.27$0.47$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.60$0.62$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.64$0.61$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.13$0.39$1.18$1.05$0.13
2013Summary only. Only limited summary data is available for this year.$0.40$0.14$0.26$1.08$1.16$0.08
2012Summary only. Only limited summary data is available for this year.$0.46$0.13$0.33$1.12$1.06$0.05
2011Summary only. Only limited summary data is available for this year.$0.41$0.13$0.28$0.95$0.95$0.01