Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Design Verification Trade Association
990EZ • Fiscal year 2024 • EIN 45-4036953
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.12x
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
97th percentile
Higher net margin than 97% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 10.0% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
99th percentile
Faster revenue growth than 99% of similar nonprofits.
Balance Sheet
Assets
Up$98,636
Up $48,455 (+97%) from 2023
Net Assets
Up$87,236
Up $40,955 (+88%) from 2023
Liabilities
Up$11,400
Up $7,500 (+192%) from 2023
Revenue And Expenses
Revenue
Up$75,000
Up $63,000 (+525%) from 2023
Expenses
Up$34,046
Up $14,595 (+75%) from 2023
Net Income
Up$40,954
Up $48,405 (+650%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Feb 17, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $75,000
Mission and Program Overview
Mission
The association's 501(c)(6) activities include building and promoting the common interests of professionals in the semiconductor design and verification industry. This is accomplished through educational and networking events designed for professional development and stimulating a free exchange of information.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ASSOCIATION HELD 6 EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR IN VARIOUS CITIES. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KELLY LARSON | Secretary | - | $7,500 | - | $7,500 |
| MICHAEL HOYT | President | - | $0 | - | - |
| JAMES CROCKER | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Design Verification Trade
- EIN
- 45-4036953
- Phone
- 9788378309
- Address
- 733 TURNPIKE STREET SUITE 8, NORTH ANDOVER, MA 01845-6137
Signing Officer
- Name
- Michael Hoyt
- Title
- President
- Phone
- 9786882581
- Signed
- 2025-02-17
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Sj Dennen CPA Pc
- Address
- 471 ANDOVER STREET, NORTH ANDOVER, MA 01845
- Preparer
- Steven J Dennen
- Phone
- 9786882581
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses travel 2,373 bank charges 779 newsletter 979 conferences, conventions 13,820 event expenses 5,318 paychchex 842 website 97 outside contract services 8,258 total 32,466”
Form 990-ez, Part II, Line 24
“Accounts receivable 0 39,000 total 0 39,000”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 7,500 unsecured notes and loans payable 3,900 3,900”
Form 990-ez, Part III
“The association's 501(c)(6) activities include building and promoting the common interests of professionals in the semiconductor design and verification industry. This is accomplished through educational and networking events designed for professional development and stimulating a free exchange of information.”
Raw XML Appendix102 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | RONALD FORD JR |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9788378309 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 733 TURNPIKE STREET SUITE 8 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | NORTH ANDOVER |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01845 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 50182 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 59636 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 40954 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 980 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 50182 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 98636 |
| IRS990EZ/GrossReceiptsAmt | 0 | 75000 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 46282 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 87236 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 46282 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 87236 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 7500 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MICHAEL HOYT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KELLY LARSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JAMES CROCKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 39000 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 32466 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE ASSOCIATION'S 501(C)(6) ACTIVITIES INCLUDE BUILDING AND PROMOTING THE COMMON INTERESTS OF PROFESSIONALS IN THE SEMICONDUCTOR DESIGN AND VERIFICATION INDUSTRY. THIS IS ACCOMPLISHED THROUGH EDUCATIONAL AND NETWORKING EVENTS DESIGNED FOR PROFESSIONAL DEVELOPMENT AND STIMULATING A FREE EXCHANGE OF INFORMATION. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 24 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 75000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ASSOCIATION HELD 6 EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR IN VARIOUS CITIES. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 576 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 3900 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 11400 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 34046 |
| IRS990EZ/TotalRevenueAmt | 0 | 75000 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.DVCLUB.ORG |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES TRAVEL 2,373 BANK CHARGES 779 NEWSLETTER 979 CONFERENCES, CONVENTIONS 13,820 EVENT EXPENSES 5,318 PAYCHCHEX 842 WEBSITE 97 OUTSIDE CONTRACT SERVICES 8,258 TOTAL 32,466 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 0 39,000 TOTAL 0 39,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 7,500 UNSECURED NOTES AND LOANS PAYABLE 3,900 3,900 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ASSOCIATION'S 501(C)(6) ACTIVITIES INCLUDE BUILDING AND PROMOTING THE COMMON INTERESTS OF PROFESSIONALS IN THE SEMICONDUCTOR DESIGN AND VERIFICATION INDUSTRY. THIS IS ACCOMPLISHED THROUGH EDUCATIONAL AND NETWORKING EVENTS DESIGNED FOR PROFESSIONAL DEVELOPMENT AND STIMULATING A FREE EXCHANGE OF INFORMATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL HOYT |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9786882581 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DESIGN VERIFICATION TRADE |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | ASSOCIATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DESI |
| ReturnHeader/Filer/EIN | 0 | 454036953 |
| ReturnHeader/Filer/PhoneNum | 0 | 9788378309 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 733 TURNPIKE STREET SUITE 8 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NORTH ANDOVER |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 018456137 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 273730365 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SJ DENNEN CPA PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 471 ANDOVER STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NORTH ANDOVER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 01845 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9786882581 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-02-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STEVEN J DENNEN |
| ReturnHeader/ReturnTs | 0 | 2025-02-17T14:05:42-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $98,636
- Liabilities
- $11,400
- Net assets
- $87,236
- Revenue
- $75,000
- Expenses
- $34,046
- Net income
- $40,954