Civic Intelligence

Network Time Foundation Inc.

990 • Fiscal year 2015 • EIN 45-1739761

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

PO Box 918Talent, OR 97540

(650) 691-8463

Siviq Scores

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

Liabilities / Assets

99th percentile

7.41x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

1.94x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

8th percentile

-51%

Higher net margin than 8% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

37th percentile

-3.9%

Faster asset growth than 37% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

88%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$50,563

Down $2,063 (-3.9%) from 2014

Net Assets

Down

-$323,984

Down $125,723 (-63%) from 2014

Liabilities

Up

$374,547

Up $123,660 (+49%) from 2014

Revenue

Up

$192,645

Up $90,346 (+88%) from 2014

Expenses

Up

$290,368

Up $85,615 (+42%) from 2014

Net Income

Up

-$97,723

Up $4,731 (+4.6%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2012: $32,829Liabilities 2012: $152012Assets 2013: $34,844Liabilities 2013: $5,5832013Assets 2014: $52,626Liabilities 2014: $250,887Net Assets 2014: -$198,2612014Assets 2015: $50,563Liabilities 2015: $374,547Net Assets 2015: -$323,9842015Assets 2016: $23,053Liabilities 2016: $473,052Net Assets 2016: -$449,9992016Assets 2017: $59,389Liabilities 2017: $517,806Net Assets 2017: -$458,4172017Assets 2018: $20,073Liabilities 2018: $532,997Net Assets 2018: -$512,9242018Assets 2019: $14,124Liabilities 2019: $546,134Net Assets 2019: -$532,0102019Assets 2020: $34,430Liabilities 2020: $581,417Net Assets 2020: -$546,9872020Assets 2021: $31,555Liabilities 2021: $580,707Net Assets 2021: -$549,1522021Assets 2022: $171,713Liabilities 2022: $713,267Net Assets 2022: -$541,5542022Assets 2023: $124,298Liabilities 2023: $734,278Net Assets 2023: -$609,9802023Assets 2024: $122,136Liabilities 2024: $737,417Net Assets 2024: -$615,2812024

Highlighted filing

2015

Assets$50,563
Liabilities$374,547
Net Assets-$323,984

Operations Trend

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

$400K$200K$0-$200KRevenue 2012: $111,008Expenses 2012: $80,198Net Income 2012: $30,8102012Revenue 2013: $80,508Expenses 2013: $84,072Net Income 2013: -$3,5642013Revenue 2014: $102,299Expenses 2014: $204,753Net Income 2014: -$102,4542014Revenue 2015: $192,645Expenses 2015: $290,368Net Income 2015: -$97,7232015Revenue 2016: $224,077Expenses 2016: $350,092Net Income 2016: -$126,0152016Revenue 2017: $276,149Expenses 2017: $273,245Net Income 2017: $2,9042017Revenue 2018: $225,530Expenses 2018: $280,037Net Income 2018: -$54,5072018Revenue 2019: $246,270Expenses 2019: $265,356Net Income 2019: -$19,0862019Revenue 2020: $256,839Expenses 2020: $271,816Net Income 2020: -$14,9772020Revenue 2021: $302,725Expenses 2021: $304,890Net Income 2021: -$2,1652021Revenue 2022: $391,096Expenses 2022: $383,498Net Income 2022: $7,5982022Revenue 2023: $290,516Expenses 2023: $358,942Net Income 2023: -$68,4262023Revenue 2024: $283,432Expenses 2024: $288,733Net Income 2024: -$5,3012024

Highlighted filing

2015

Revenue$192,645
Expenses$290,368
Net Income-$97,723
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$192,645
Mission and Program Overview

Mission

Ntf exists to support the ongoing development and evolution of timekeeping protocols that maintain network time and other related time keeping projects.

Network time foundation was formed to provide direct services and support to improve the state of accurate computer network timekeeping in the general community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$23,112$40,794▲ $17,682
Accounts Receivable-$9,769-
Total Assets$52,626$50,563▼ $2,063
Other Assets Total$29,514--
Liabilities
Other Liabilities$246,627$366,613▲ $119,986
Accounts Payable and Accrued Expenses$4,260$7,934▲ $3,674
Total Liabilities$250,887$374,547▲ $123,660
Net Assets / Fund Balance
Unrestricted Net Assets$-198,261$-323,984▼ $125,723
Total Net Assets Fund Balance$-198,261$-323,984▼ $125,723
Total Liabilities and Net Assets / Fund Balance$52,626$50,563▼ $2,063
Compensation and Service Providers

Board Members and Trustees

NameTitle
Harlan StennPresident
Brian Reid PhdBoard Member
Eugene H SpaffordphdBoard Member
Paul MaceBoard Member
Ray Everett JdBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$174,146
Program Service Revenue
$16,671
Investment Income
$52
Other Revenue
$1,776
All Other Contributions
$15,346
Change in Net Assets
$-97,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$192,645
Total Revenue per Audited Statements
$192,645
Total Revenue per Form 990
$192,645
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,368
Total Fundraising Expense$9,809
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$63,796$21,116$0$84,912
Fees for Services Management$0$42,948$0$42,948
Travel$0$2,816$8,448$11,264
Fees for Services Legal$0$4,764$0$4,764
Advertising$0$0$1,361$1,361
Office Expenses$654$73$0$727
Total Functional Expenses$180,042$100,517$9,809$290,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$290,368
Total Expenses per Audited Statements$290,368
Total Expenses per Form 990$290,368
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-PresidentPerformance of It ServicesNo$144,000
-OfficerAdministrative ServicesNo$10,026
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$366,613
Client Funds Held in Trust Account-
Credit Card-
Pfcs Loan Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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
Filing and Contact Details

Filer

Filer Name
Network Time Foundation Inc
EIN
45-1739761
Phone
6506918463
Address
PO BOX 918, TALENT, OR 97540

Signing Officer

Name
Harlan Stenn
Title
President
Phone
6506918463
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harlan Stenn
Formed
2011
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
15

Preparer

Firm
Randy K Jentzsch CPA LLC
Address
211 ROGUE RIVER HWY, GRANTS PASS, OR 97527-5477
Preparer
Jeremy Allen CPA
Phone
5414798082
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Board of Directors recieved a copy of the 990 at a board meeting and reviewed the documents prior to filing. Additionally, the 990 was reviewed by outside counsel.

Form 990, Part IX, Line 24E

Professional fees 84465. 63349. 21116. 0.

Form 990, Part IX, Line 24E

POSTAGE 447. 447. 0. 0.

Form 990, Part IX, Line 24E

Miscellaneous 0. 0. 0. 0.

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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ENTERED INTO A CONTRACTOR AGREEMENT WITH PFCS CORPORATION, SOLELY OWNED BY HARLAN STENN, WHO IS ALSO PRESIDENT OF THE FOUNDATION. THE AGREED UPON SERVICES INCLUDE TRANSPORTATION, EQUIPMENT, FACILITIES, AND INSTRUMENTALITIES REQUIRED FOR THE PROMPT EXECUTION OF SERVICES. THE FOUNDATION'S FUNDING HAS NOT ALLOWED IT TO PAY FOR THE SERVICES PROVIDED AS PER THE AGREEMENT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc01
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors recieved a copy of the 990 at a board meeting and reviewed the documents prior to filing. Additionally, the 990 was reviewed by outside counsel.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROFESSIONAL FEES 84465. 63349. 21116. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POSTAGE 447. 447. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISCELLANEOUS 0. 0. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt052626
IRS990/TotalAssetsEOYAmt050563
IRS990/TotalAssetsGrp/BOYAmt052626
IRS990/TotalAssetsGrp/EOYAmt050563
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0174146
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt09809
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100517
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0180042
IRS990/TotalFunctionalExpensesGrp/TotalAmt0290368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0250887
IRS990/TotalLiabilitiesEOYAmt0374547
IRS990/TotalLiabilitiesGrp/BOYAmt0250887
IRS990/TotalLiabilitiesGrp/EOYAmt0374547
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-198261
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-323984
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt016671
IRS990/TotalProgramServiceExpensesAmt0180042
IRS990/TotalProgramServiceRevenueAmt016671
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018499
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192645
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt052626
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt050563
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt08448
IRS990/TravelGrp/ManagementAndGeneralAmt02816
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt011264
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-198261
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-323984
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 918
IRS990/USAddress/CityNm0TALENT
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097540
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.networktimefoundation.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HARLAN STENN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06506918463
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NETWORK TIME FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NETW
ReturnHeader/Filer/EIN0451739761
ReturnHeader/Filer/PhoneNum06506918463
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 918
ReturnHeader/Filer/USAddress/CityNm0TALENT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097540
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RANDY K JENTZSCH CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0211 ROGUE RIVER HWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANTS PASS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0975275477
ReturnHeader/PreparerPersonGrp/PhoneNum05414798082
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEREMY ALLEN CPA
ReturnHeader/ReturnTs02016-09-22T15:19:42-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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