Civic Intelligence

Network Time Foundation Inc.

990 • Fiscal year 2023 • EIN 45-1739761

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

PO Box 918Talent, OR 97540

(650) 789-8463

Siviq Scores

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

Liabilities / Assets

98th percentile

5.91x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

2.53x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

18th percentile

-24%

Higher net margin than 18% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

87th percentile

$27,103

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

19th percentile

-28%

Faster asset growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

21st percentile

-26%

Faster revenue growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$124,298

Down $47,415 (-28%) from 2022

Net Assets

Down

-$609,980

Down $68,426 (-13%) from 2022

Liabilities

Up

$734,278

Up $21,011 (+2.9%) from 2022

Revenue

Down

$290,516

Down $100,580 (-26%) from 2022

Expenses

Down

$358,942

Down $24,556 (-6.4%) from 2022

Net Income

Down

-$68,426

Down $76,024 (-1001%) from 2022

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

2023

Assets$124,298
Liabilities$734,278
Net Assets-$609,980

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

2023

Revenue$290,516
Expenses$358,942
Net Income-$68,426
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$290,516
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$26,713$101,173▲ $74,460
Accounts Receivable$145,000$13,000▼ $132,000
Prepaid Expenses and Deferred Charges-$10,125-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$171,713$124,298▼ $47,415
Other Assets Total-$0-
Liabilities
Other Liabilities$562,967$562,753▼ $214
Deferred Revenue$145,000$171,000▲ $26,000
Accounts Payable and Accrued Expenses$5,300$525▼ $4,775
Total Liabilities$713,267$734,278▲ $21,011
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-541,554$-609,980▼ $68,426
Total Net Assets Fund Balance$-541,554$-609,980▼ $68,426
Total Liabilities and Net Assets / Fund Balance$171,713$124,298▼ $47,415

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$15,000$15,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alyson TowrySec/TreasPT$27,103$27,103

Board Members and Trustees

NameTitle
Harlan StennPresident, CEO
Laura AtkinsBoard Member
Majdi AbbasBoard Member
Matt PloesselBoard Member
Wayne BuckhananBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$31,225
Program Service Revenue
$258,800
Investment Income
$491
Other Revenue
$0
All Other Contributions
$31,225
Change in Net Assets
$-68,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,839
Salaries, Compensation, and Employee Benefits$27,103
Total Fundraising Expense$4,432
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$27,103-$27,103
Office Expenses$4,370$10,140$50$14,560
Fees for Services Accounting-$10,150-$10,150
Travel$6,234-$2,077$8,311
Information Technology$4,534--$4,534
Grants to Domestic Orgs$3,000--$3,000
Advertising--$2,305$2,305
Fees for Services Legal-$1,347-$1,347
Insurance-$639-$639
Other Expenses$118,051$517-$517
Fees for Services Other-$511-$511
Total Functional Expenses$280,189$74,321$4,432$358,942
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
-PresidentPerform It ServiceNo$144,000

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
Related Party Payables$562,467
Credit Cards Payable$286
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors received a copy of the 990 at a board meeting and reviewed the documents prior to filing.

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

Compensation for CEO, executive director and top management, when applicable, is reviewed and approved by the Board of Directors.

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

Compensation for other officers and key employees, when applicable, is reviewed and approved by the Board of Directors.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Network Time Foundation Inc
EIN
45-1739761
Phone
6507898463
Address
PO BOX 918, TALENT, OR 97540

Signing Officer

Name
Harlan Stenn
Title
President
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
15

Preparer

Firm
The Sudbrook Tax Group LLC
Address
115 SUDBROOK LN STE 210, BALTIMORE, MD 21208
Preparer
David A Landman CPA
Phone
4106028040
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IRS990/RevenueAmt0258800
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt031224
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt032471
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt014536
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt053374
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt07069
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0138674
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt089
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0113800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0358325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0288100
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0203310
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0239160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01202695
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt089
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0776
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt01341369
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0145024
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0390796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0302636
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0256684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0246229
IRS990ScheduleA/Total509Grp/TotalAmt01341369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0145515
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0390796
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0302725
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0256839
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0246270
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01342145
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1562467
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RELATED PARTY PAYABLES
IRS990ScheduleD/TotalLiabilityAmt0562753
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PFCS CORP HARLAN STENN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0144000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PERFORM IT SERVICE
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 INCLUDED 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/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS RECEIVED A COPY OF THE 990 AT A BOARD MEETING AND REVIEWED THE DOCUMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation for CEO, executive director and top management, when applicable, is reviewed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for other officers and key employees, when applicable, is reviewed and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1OR
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0171713
IRS990/TotalAssetsEOYAmt0124298
IRS990/TotalAssetsGrp/BOYAmt0171713
IRS990/TotalAssetsGrp/EOYAmt0124298
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt031225
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04432
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074321
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280189
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358942
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0713267
IRS990/TotalLiabilitiesEOYAmt0734278
IRS990/TotalLiabilitiesGrp/BOYAmt0713267
IRS990/TotalLiabilitiesGrp/EOYAmt0734278
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-541554
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-609980
IRS990/TotalProgramServiceExpensesAmt0280189
IRS990/TotalProgramServiceRevenueAmt0258800
IRS990/TotalReportableCompFromOrgAmt027103
IRS990/TotalRevenueGrp/ExclusionAmt0491
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0258800
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0290516
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0171713
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0124298
IRS990/TravelGrp/FundraisingAmt02077
IRS990/TravelGrp/ProgramServicesAmt06234
IRS990/TravelGrp/TotalAmt08311
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 918
IRS990/USAddress/CityNm0TALENT
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097540
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04

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