Civic Intelligence

Ntec for Technology Inc

990 • Fiscal year 2016 • EIN 02-0651062

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 10, 2017

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

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

Higher debt load relative to revenue than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

33rd percentile

-2.6%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

2nd percentile

-53%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-6.1%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$198,233

Down $219,476 (-53%) from 2015

Net Assets

Down

$197,936

Down $219,229 (-53%) from 2015

Liabilities

Down

$297

Down $247 (-45%) from 2015

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin33rd percentile

Revenue

Down

$601,850

Down $39,348 (-6.1%) from 2015

Expenses

Up

$617,787

Up $3,966 (+0.6%) from 2015

Net Income

Down

-$15,937

Down $43,314 (-158%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2016

Assets$198,233
Liabilities$297
Net Assets$197,936
Open 2016 Filing

Operations Trend

Revenue Growth31st 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

2016

Revenue$601,850
Expenses$617,787
Net Income-$15,937
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 10, 2017
Return Version
2015v3.0
Gross Receipts
$604,100
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 startupcompanies, internal programs, investment forums, and other trainingprograms; hands on assistance with management, operations, regulatorymatters, manufacturing & qc, funding and staffing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$213,873$197,936▼ $15,937
Cash and Non-Interest-Bearing Accounts$193,149$182,693▼ $10,456
Accounts Receivable$14,963$10,969▼ $3,994
Land, Buildings, and Equipment, Net$5,074$3,345▼ $1,729
Prepaid Expenses and Deferred Charges$1,231$1,226▼ $5
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$214,417$198,233▼ $16,184
Liabilities
Accounts Payable and Accrued Expenses$544$297▼ $247
Total Liabilities$544$297▼ $247
Net Assets / Fund Balance
Total Net Assets Fund Balance$213,873$197,936▼ $15,937
Total Liabilities and Net Assets / Fund Balance$214,417$198,233▼ $16,184

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,345$5,299-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
John MillerExecutive DirectorFT$143,363$51,637$195,000

Board Members and Trustees

NameTitle
Dan BollnerDirector
Jaime RonderosDirector
Ken HawariDirector
Mollie MossmanDirector
Scott FreemanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$600,000
Program Service Revenue
$0
Investment Income
$1,850
Other Revenue
$0
Change in Net Assets
$-15,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$561,409
Other Expenses$56,378
Total Fundraising Expense$73
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$376,936$94,234-$471,170
Other Employee Benefits$56,430--$56,430
Payroll Taxes$31,156--$31,156
Fees for Services Accounting-$19,787-$19,787
Travel-$9,410-$9,410
Office Expenses-$7,874-$7,874
Depreciation Depletion-$3,729-$3,729
Information Technology$1,445$1,444-$2,889
Other Salaries and Wages$2,653--$2,653
Insurance-$2,457-$2,457
Other Expenses-$74$73$147
Total Functional Expenses$468,620$149,094$73$617,787
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
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

Filer Name
Ntec for Technology Inc
EIN
02-0651062
Phone
9729871403
Address
6170 RESEARCH ROAD, FRISCO, TX 75034

Signing Officer

Name
Jaime Ronderos
Title
Director
Phone
9729871403
Signed
2017-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaime Ronderos
Formed
2002
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
0

Preparer

Firm
Montgomery Coscia Greilich Llp
Address
2500 DALLAS PARKWAY SUITE 300, PLANO, TX 75093
Preparer
Laureen F Noonan
Phone
9727480300
Raw XML Appendix389 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0544
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0297
IRS990/AccountsReceivableGrp/BOYAmt014963
IRS990/AccountsReceivableGrp/EOYAmt010969
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ASSISTS ENTREPRENEURS WITH STARTING AND GROWING NEW MEDICAL TECHNOLOGY VENTURES.SIGNIFICANT ACTIVITIES INCLUDE A FACILITY DESIGNED FOR STARTUPCOMPANIES, INTERNAL PROGRAMS, INVESTMENT FORUMS, AND OTHER TRAININGPROGRAMS; HANDS ON ASSISTANCE WITH MANAGEMENT, OPERATIONS, REGULATORYMATTERS, MANUFACTURING & QC, FUNDING AND STAFFING.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0JAIME RONDEROS
IRS990/BooksInCareOfDetail/PhoneNum09729871403
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06170 RESEARCH ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0FRISCO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075034
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0193149
IRS990/CashNonInterestBearingGrp/EOYAmt0182693
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt094234
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0376936
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0471170
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0600000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01850
IRS990/CYOtherExpensesAmt056378
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-15937
IRS990/CYSalariesCompEmpBnftPaidAmt0561409
IRS990/CYTotalExpensesAmt0617787
IRS990/CYTotalFundraisingExpenseAmt073
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0601850
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03729
IRS990/DepreciationDepletionGrp/TotalAmt03729
IRS990/Desc0BUSINESS SERVICES: NTEC PROVIDES BUSINESS COACHING, CONSULTING,REFERRALS, AND OTHER ASSISTANCE AS MAY BE REQUIRED BY ITS PROGRAMCOMPANIES TO ACCELERATE THEIR GROWTH AND INCREASE THEIR ODDS OFSUCCESS. 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 ARETAILORED TO MEET THE SPECIFIC NEEDS AND STAGE OF DEVELOPMENT OF EACHCOMPANY.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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0304603
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt019787
IRS990/FeesForServicesAccountingGrp/TotalAmt019787
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt531637
IRS990/Form990PartVIISectionAGrp/PersonNm0SCOTT FREEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1KEN HAWARI
IRS990/Form990PartVIISectionAGrp/PersonNm2MOLLIE MOSSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAIME RONDEROS
IRS990/Form990PartVIISectionAGrp/PersonNm4DAN BOLLNER
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN MILLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5163363
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt01850
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0600000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt04100
IRS990/GrossReceiptsAmt0604100
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01444
IRS990/InformationTechnologyGrp/ProgramServicesAmt01445
IRS990/InformationTechnologyGrp/TotalAmt02889
IRS990/InsuranceGrp/ManagementAndGeneralAmt02457
IRS990/InsuranceGrp/TotalAmt02457
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05299
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05074
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03345
IRS990/LandBldgEquipCostOrOtherBssAmt08644
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02250
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0NTEC 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0213873
IRS990/NetAssetsOrFundBalancesEOYAmt0197936
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01850
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01850
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07874
IRS990/OfficeExpensesGrp/TotalAmt07874
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt056430
IRS990/OtherEmployeeBenefitsGrp/TotalAmt056430
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/FundraisingAmt073
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010085
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt174
IRS990/OtherExpensesGrp/TotalAmt010085
IRS990/OtherExpensesGrp/TotalAmt1147
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02653
IRS990/OtherSalariesAndWagesGrp/TotalAmt02653
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt031156
IRS990/PayrollTaxesGrp/TotalAmt031156
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01231
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01226
IRS990/PrincipalOfficerNm0JAIME RONDEROS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0FACILITY SERVICES: NTEC PROVIDES A FULL SERVICE FACILITY FOR INCUBATINGCOMPANIES. THE FACILITY HAS ALL OF THE SERVICES A COMPANY REQUIRES INORDER TO ACCELERATE ITS GROWTH, INCLUDING OFFICE SPACE, ADMINISTRATIVESERVICES, LAB AND TECHNICAL SPACE. THE FACILITY AND SERVICES AREFLEXIBLE TO MEET THE NEEDS OF STARTUP COMPANIES. THE FACILITY ALSOPROVIDES FOUNDING TEAMS THE OPPORTUNITY TO INTERACT WITH SEASONEDPROFESSIONALS, SERVICE PROVIDERS, AND CAPITAL PROVIDERS TO ADDRESSSTRATEGIC 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
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0140586
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION: NTEC PROVIDES EDUCATIONAL PROGRAMS, SEMINARS AND OUTREACHPROGRAMS, 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 DEVICEACTION ALLIANCE, BUSINESS PLAN COMPETITIONS, ANGEL FUNDING FORUMS,TECHNOLOGY AWARD EVENTS AND OTHER GENERAL TECHNOLOGY ANDENTREPRENEURIAL SEMINARS AND TRAINING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt023431
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0600000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-162094
IRS990/PYOtherExpensesAmt039707
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-175915
IRS990/PYSalariesCompEmpBnftPaidAmt0574114
IRS990/PYTotalExpensesAmt0613821
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0437906
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-15937
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0600000
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0213873
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0197936
IRS990ScheduleA/Form990ScheduleAPartVIGrp/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/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, SECTION B, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0600000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0600000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0559540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0562500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0500000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02822040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0694
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt094
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0929
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0615810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0518107
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0614988
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01748905
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61730
IRS990ScheduleA/PublicSupportPY170Pct00.59440
IRS990ScheduleA/PublicSupportTotal170Amt02822040
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0600000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0600000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0559540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0562500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0500000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02822040
IRS990ScheduleA/TotalSupportAmt04571874
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03345
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05299
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt08644
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03345
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0143363
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount020000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt031637
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0195000
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/TotalAssetsBOYAmt0214417
IRS990/TotalAssetsEOYAmt0198233
IRS990/TotalAssetsGrp/BOYAmt0214417
IRS990/TotalAssetsGrp/EOYAmt0198233
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0600000
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt073
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0149094
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0468620
IRS990/TotalFunctionalExpensesGrp/TotalAmt0617787
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0544
IRS990/TotalLiabilitiesEOYAmt0297
IRS990/TotalLiabilitiesGrp/BOYAmt0544
IRS990/TotalLiabilitiesGrp/EOYAmt0297
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0213873
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0197936
IRS990/TotalOtherCompensationAmt031637
IRS990/TotalProgramServiceExpensesAmt0468620
IRS990/TotalReportableCompFromOrgAmt0163363
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01850
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0601850
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0214417
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0198233
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt09410
IRS990/TravelGrp/TotalAmt09410
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06170 RESEARCH ROAD
IRS990/USAddress/CityNm0FRISCO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075034
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NTEC-INC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAIME RONDEROS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09729871403
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NTEC FOR TECHNOLOGY INC
ReturnHeader/Filer/BusinessNameControlTxt0NTEC
ReturnHeader/Filer/EIN0020651062
ReturnHeader/Filer/PhoneNum09729871403
ReturnHeader/Filer/USAddress/AddressLine1Txt06170 RESEARCH ROAD
ReturnHeader/Filer/USAddress/CityNm0FRISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075034
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752919818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MONTGOMERY COSCIA GREILICH LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02500 DALLAS PARKWAY SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLANO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075093
ReturnHeader/PreparerPersonGrp/PhoneNum09727480300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREEN F NOONAN
ReturnHeader/ReturnTs02017-08-10T11:14:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$198,233
Liabilities
$297
Net assets
$197,936
Revenue
$601,850
Expenses
$617,787
Net income
-$15,937
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