Civic Intelligence

Ntec for Technology Inc

990 • Fiscal year 2017 • EIN 02-0651062

Oct 01, 2016 to Aug 10, 2017 • Filed on Dec 04, 2017

Organization ProfileWWW.NTEC-INC.ORG
4501 Voyager DriveFrisco, TX 75034

(972) 987-1403

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-73%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-55%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $198,233 (-100%) from 2016

Net Assets

Down

$0

Down $197,936 (-100%) from 2016

Liabilities

Down

$0

Down $297 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin6th percentile

Revenue

Down

$270,170

Down $331,680 (-55%) from 2016

Expenses

Down

$468,106

Down $149,681 (-24%) from 2016

Net Income

Down

-$197,936

Down $181,999 (-1142%) from 2016

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

2017

Assets$0
Liabilities$0
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth8th 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

2017

Revenue$270,170
Expenses$468,106
Net Income-$197,936
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Aug 10, 2017
Signed
Dec 4, 2017
Return Version
2016v3.0
Gross Receipts
$272,095
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$197,936$0▼ $197,936
Cash and Non-Interest-Bearing Accounts$182,693$0▼ $182,693
Accounts Receivable$10,969$0▼ $10,969
Land, Buildings, and Equipment, Net$3,345$0▼ $3,345
Prepaid Expenses and Deferred Charges$1,226$0▼ $1,226
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$198,233$0▼ $198,233
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$297$0▼ $297
Total Liabilities$297$0▼ $297
Net Assets / Fund Balance
Total Net Assets Fund Balance$197,936$0▼ $197,936
Total Liabilities and Net Assets / Fund Balance$198,233$0▼ $198,233
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$257,500
Program Service Revenue
$0
Investment Income
$-1,925
Other Revenue
$14,595
Change in Net Assets
$-197,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$446,919
Other Expenses$21,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$316,168$79,042-$395,210
Payroll Taxes$26,696--$26,696
Other Employee Benefits$23,597--$23,597
Fees for Services Accounting-$8,176-$8,176
Travel-$4,300-$4,300
Office Expenses-$3,250-$3,250
Information Technology$1,263$1,262-$2,525
Depreciation Depletion-$1,420-$1,420
Other Salaries and Wages$1,416--$1,416
Insurance-$1,226-$1,226
Other Expenses-$290-$290
Total Functional Expenses$369,140$98,966$0$468,106
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 11B

“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
4501 VOYAGER DRIVE, FRISCO, TX 75034

Signing Officer

Name
Jaime Ronderos
Title
Director
Phone
9729871403
Signed
2017-12-04
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
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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0562500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02579540
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt094
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0615810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0518107
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01148512
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IRS990ScheduleA/PublicSupportPY170Pct00.61730
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0562500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02579540
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0FIXED ASSETS
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IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
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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 11B
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
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
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IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0369140
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-1925
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IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAIME RONDEROS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09729871403
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NTEC FOR TECHNOLOGY INC
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ReturnHeader/FilingSecurityInformation/IPDt02017-12-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:51:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752919818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MONTGOMERY COSCIA GREILICH LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLANO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
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ReturnHeader/PreparerPersonGrp/PhoneNum09727480300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAUREEN F NOONAN
ReturnHeader/ReturnTs02017-12-04T10:17:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-08-10
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$270,170
Expenses
$468,106
Net income
-$197,936
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