Civic Intelligence

Nfc Forum Inc

990 • Fiscal year 2018 • EIN 20-1752543

Nov 01, 2017 to Oct 31, 2018 • Filed on Sep 04, 2019

401 Edgewater PlaceWakefield, MA 01880

(781) 246-0050

Siviq Scores

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

Liabilities / Assets

88th percentile

0.59x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

0.52x

Higher debt load relative to revenue than 84% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

59th percentile

5.9%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$193,650

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

80th percentile

15%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-5.9%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,592,953

Up $207,018 (+15%) from 2017

Net Assets

Up

$645,827

Up $108,037 (+20%) from 2017

Liabilities

Up

$947,126

Up $98,981 (+12%) from 2017

Revenue

Down

$1,825,977

Down $115,263 (-5.9%) from 2017

Expenses

Down

$1,717,940

Down $282,683 (-14%) from 2017

Net Income

Up

$108,037

Up $167,420 (+282%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,528,245Liabilities 2012: $1,127,293Net Assets 2012: $400,9522012Assets 2013: $2,052,911Liabilities 2013: $1,342,926Net Assets 2013: $709,9852013Assets 2014: $2,018,546Liabilities 2014: $1,341,972Net Assets 2014: $676,5742014Assets 2015: $1,881,929Liabilities 2015: $1,256,347Net Assets 2015: $625,5822015Assets 2016: $1,514,225Liabilities 2016: $917,052Net Assets 2016: $597,1732016Assets 2017: $1,385,935Liabilities 2017: $848,145Net Assets 2017: $537,7902017Assets 2018: $1,592,953Liabilities 2018: $947,126Net Assets 2018: $645,8272018Assets 2019: $1,680,536Liabilities 2019: $875,527Net Assets 2019: $805,0092019Assets 2020: $1,899,401Liabilities 2020: $885,576Net Assets 2020: $1,013,8252020Assets 2021: $1,951,319Liabilities 2021: $875,771Net Assets 2021: $1,075,5482021Assets 2022: $1,845,596Liabilities 2022: $765,213Net Assets 2022: $1,080,3832022Assets 2023: $1,884,917Liabilities 2023: $742,160Net Assets 2023: $1,142,7572023Assets 2024: $1,657,458Liabilities 2024: $775,831Net Assets 2024: $881,6272024

Highlighted filing

2018

Assets$1,592,953
Liabilities$947,126
Net Assets$645,827

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $2,663,895Expenses 2012: $2,516,672Net Income 2012: $147,2232012Revenue 2013: $2,646,567Expenses 2013: $2,337,564Net Income 2013: $309,0032013Revenue 2014: $2,631,734Expenses 2014: $2,665,145Net Income 2014: -$33,4112014Revenue 2015: $2,431,381Expenses 2015: $2,482,373Net Income 2015: -$50,9922015Revenue 2016: $2,185,197Expenses 2016: $2,213,606Net Income 2016: -$28,4092016Revenue 2017: $1,941,240Expenses 2017: $2,000,623Net Income 2017: -$59,3832017Revenue 2018: $1,825,977Expenses 2018: $1,717,940Net Income 2018: $108,0372018Revenue 2019: $1,894,353Expenses 2019: $1,735,171Net Income 2019: $159,1822019Revenue 2020: $1,800,460Expenses 2020: $1,591,644Net Income 2020: $208,8162020Revenue 2021: $1,514,066Expenses 2021: $1,452,343Net Income 2021: $61,7232021Revenue 2022: $1,629,792Expenses 2022: $1,624,957Net Income 2022: $4,8352022Revenue 2023: $1,549,542Expenses 2023: $1,487,168Net Income 2023: $62,3742023Revenue 2024: $1,509,038Expenses 2024: $1,770,167Net Income 2024: -$261,1292024

Highlighted filing

2018

Revenue$1,825,977
Expenses$1,717,940
Net Income$108,037
Jump To
Filing Snapshot
Filing Period
Nov 1, 2017 to Oct 31, 2018
Signed
Sep 4, 2019
Return Version
2017v2.2
Gross Receipts
$1,825,977
Mission and Program Overview

Mission

The Near Field Communication Forum was formed to advance the use of Near Field Communication technology by developing specifications, ensuring interoperability among devices and services, and educating the market about NFC technology. Formed in 2004, the Forum now has 117 members. Manufacturers, applications developers, financial services institutions, and more all work together to promote the use of NFC technology in consumer electronics, mobile devices, and PCs.

The Near Field Communication Forum was formed to advance the use of Near Field Communication technology by developing specifications, ensuring interoperability among devices and services, and educating the market about NFC technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,112,036$1,117,609▲ $5,573
Cash and Non-Interest-Bearing Accounts$63,143$280,587▲ $217,444
Accounts Receivable$159,895$121,752▼ $38,143
Prepaid Expenses and Deferred Charges$28,961$58,005▲ $29,044
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,385,935$1,592,953▲ $207,018
Other Assets Total$21,900$15,000▼ $6,900
Liabilities
Deferred Revenue$621,136$665,628▲ $44,492
Accounts Payable and Accrued Expenses$136,969$180,650▲ $43,681
Other Liabilities$90,040$100,848▲ $10,808
Total Liabilities$848,145$947,126▲ $98,981
Net Assets / Fund Balance
Unrestricted Net Assets$537,790$645,827▲ $108,037
Total Net Assets Fund Balance$537,790$645,827▲ $108,037
Total Liabilities and Net Assets / Fund Balance$1,385,935$1,592,953▲ $207,018
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paula HunterExecutive DirectorFT$193,650$193,650

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Virtual IncManagement Fees401 Edgewater Place Suite 600, Wakefield, MA 01880, Sw$823,271
Wendel StenConsulting-$205,622
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,820,404
Investment Income
$5,573
Other Revenue
$0
Change in Net Assets
$108,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,379,082
Salaries, Compensation, and Employee Benefits$338,858
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$315,060
Current Officers, Directors, Trustees, and Key Employees---$240,777
All Other Expenses---$224,868
Conferences and Meetings---$221,222
Other Salaries and Wages---$98,081
Other Expenses---$58,415
Office Expenses---$18,780
Fees for Services Legal---$15,891
Insurance---$2,387
Fees for Services Accounting---$2,055
Total Functional Expenses$0$0$0$1,717,940
International Activity

International Summary

Spending
$89,946

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesMember Meetings00$89,946
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
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid conference and membership fees$96,500
VAT payable$4,348
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

NFC Forum delegated all Management, Adminstrative, Membership, Events and Meetings, Financial and Public Relations duties to Virtual, Inc.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

NFC Forum has 5 levels of membership: Sponsor, Principal, Associate, Implementor, and Non-Profit. All members receive these benefits:Access to the NFC Forum Members Community Web site One copy of all published Forum specifications without charge Attendance at plenary meetings of the forum Ability to participate in Plugfests (currently open only to members) Discounted rates in the NFC Forum certification program (when it starts in 2010) Access to Forum research, technical information, and other resources Opportunities for peer-to-peer collaboration Your company name, logo and press releases cited on the Forum Web site Use of the NFC Forum logo on your Website to indicate membershipOnly Sponsor members are allowed to elect a representative to the Board of Directors.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Management company and the Board of Directors review the 990 before it is filed.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board of Directors annually reviews the performance and salary of the Executive Director. The Board of Directors uses comparability data to help determine the Executive Director's compensation.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

NFC Forum, Inc. makes the organization's bylaws available on their website. Other governing documents, policies, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
NFC Forum Inc
EIN
20-1752543
Phone
7812460050
Address
401 Edgewater Place, Wakefield, MA 01880

Signing Officer

Name
Laurent Sourgen
Title
Treasurer
Signed
2019-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurent Sourgen
Formed
2004
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Ruane & Company LLP
Address
12 Alfred Street Suite 206, Woburn, MA 01801
Preparer
Thomas M Ruane CPA
Phone
7816430090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Bad Debts: Column (A) - Total = $43291; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Bank service charges: Column (A) - Total = $8399; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Kavi set-up and Subscription: Column (A) - Total = $40520; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SIG Committee: Column (A) - Total = $43966; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Strategic Oversidght: Column (A) - Total = $5600; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Technical Committee: Column (A) - Total = $39635; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Telecom & datacom: Column (A) - Total = $43457; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt12Co-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt13Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01825977
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt02387
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt05573
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05573
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0DE
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Near Field Communication Forum was formed to advance the use of Near Field Communication technology by developing specifications, ensuring interoperability among devices and services, and educating the market about NFC technology. Formed in 2004, the Forum now has 140 members. Manufacturers, applications developers, financial services institutions, and more all work together to promote the use of NFC technology in consumer electronics, mobile devices, and PCs.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0537790
IRS990/NetAssetsOrFundBalancesEOYAmt0645827
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt018780
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt021900
IRS990/OtherAssetsTotalGrp/EOYAmt015000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Compliance Committee
IRS990/OtherExpensesGrp/Desc1Communication & PR
IRS990/OtherExpensesGrp/Desc2Marketing & Communications
IRS990/OtherExpensesGrp/Desc3Board Initiatives
IRS990/OtherExpensesGrp/TotalAmt0238782
IRS990/OtherExpensesGrp/TotalAmt1179820
IRS990/OtherExpensesGrp/TotalAmt2101802
IRS990/OtherExpensesGrp/TotalAmt358415
IRS990/OtherLiabilitiesGrp/BOYAmt090040
IRS990/OtherLiabilitiesGrp/EOYAmt0100848
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt098081
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028961
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058005
IRS990/PrincipalOfficerNm0Laurent Sourgen
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Conference income
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc2Online Specification
IRS990/ProgramServiceRevenueGrp/Desc3Plugfest & Cert Fees
IRS990/ProgramServiceRevenueGrp/Desc4Sponsorship income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0108000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11623904
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt223900
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt346600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt418000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0108000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11623904
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt223900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt346600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt06098
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01675339
IRS990/PYProgramServiceRevenueAmt01935142
IRS990/PYRevenuesLessExpensesAmt0-59383
IRS990/PYSalariesCompEmpBnftPaidAmt0325284
IRS990/PYTotalExpensesAmt02000623
IRS990/PYTotalRevenueAmt01941240
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0108037
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01112036
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01117609
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt096500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14348
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid conference and membership fees
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1VAT payable
IRS990ScheduleD/TotalLiabilityAmt0100848
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt089946
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Member Meetings
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt089946
IRS990ScheduleF/TotalSpentAmt089946
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0193650
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Paula Hunter
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0193650
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NFC Forum delegated all Management, Adminstrative, Membership, Events and Meetings, Financial and Public Relations duties to Virtual, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NFC Forum has 5 levels of membership: Sponsor, Principal, Associate, Implementor, and Non-Profit. All members receive these benefits:Access to the NFC Forum Members Community Web site One copy of all published Forum specifications without charge Attendance at plenary meetings of the forum Ability to participate in Plugfests (currently open only to members) Discounted rates in the NFC Forum certification program (when it starts in 2010) Access to Forum research, technical information, and other resources Opportunities for peer-to-peer collaboration Your company name, logo and press releases cited on the Forum Web site Use of the NFC Forum logo on your Website to indicate membershipOnly Sponsor members are allowed to elect a representative to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Management company and the Board of Directors review the 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors annually reviews the performance and salary of the Executive Director. The Board of Directors uses comparability data to help determine the Executive Director's compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NFC Forum, Inc. makes the organization's bylaws available on their website. Other governing documents, policies, and financial statements are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bad Debts: Column (A) - Total = $43291; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank service charges: Column (A) - Total = $8399; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Kavi set-up and Subscription: Column (A) - Total = $40520; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SIG Committee: Column (A) - Total = $43966; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Strategic Oversidght: Column (A) - Total = $5600; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Technical Committee: Column (A) - Total = $39635; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Telecom & datacom: Column (A) - Total = $43457; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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