Civic Intelligence

Fido Alliance Inc

990 • Fiscal year 2016 • EIN 45-4948949

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

401 Edgewater PlaceWakefield, MA 01880

(781) 246-0500

Siviq Scores

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

Liabilities / Assets

74th percentile

0.45x

Higher debt load relative to assets than 74% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.40x

Higher debt load relative to revenue than 62% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Net Margin

85th percentile

17%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$303,397

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Asset Growth

94th percentile

33%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

42%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$4,640,689

Up $1,152,209 (+33%) from 2015

Net Assets

Up

$2,563,723

Up $873,026 (+52%) from 2015

Liabilities

Up

$2,076,966

Up $279,183 (+16%) from 2015

Revenue

Up

$5,203,943

Up $1,538,818 (+42%) from 2015

Expenses

Up

$4,330,917

Up $1,882,283 (+77%) from 2015

Net Income

Down

$873,026

Down $343,465 (-28%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $242,883Liabilities 2013: $0Net Assets 2013: $242,8832013Assets 2014: $1,738,165Liabilities 2014: $1,263,959Net Assets 2014: $474,2062014Assets 2015: $3,488,480Liabilities 2015: $1,797,783Net Assets 2015: $1,690,6972015Assets 2016: $4,640,689Liabilities 2016: $2,076,966Net Assets 2016: $2,563,7232016Assets 2017: $4,154,846Liabilities 2017: $2,103,123Net Assets 2017: $2,051,7232017Assets 2018: $3,614,497Liabilities 2018: $2,303,185Net Assets 2018: $1,311,3122018Assets 2019: $3,635,707Liabilities 2019: $2,421,412Net Assets 2019: $1,214,2952019Assets 2020: $3,498,371Liabilities 2020: $2,316,072Net Assets 2020: $1,182,2992020Assets 2021: $3,413,033Liabilities 2021: $2,584,961Net Assets 2021: $828,0722021Assets 2022: $3,277,639Liabilities 2022: $2,876,240Net Assets 2022: $401,3992022Assets 2023: $3,207,127Liabilities 2023: $3,039,958Net Assets 2023: $167,1692023Assets 2024: $4,153,482Liabilities 2024: $3,519,825Net Assets 2024: $633,6572024

Highlighted filing

2016

Assets$4,640,689
Liabilities$2,076,966
Net Assets$2,563,723

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $504,583Expenses 2013: $261,700Net Income 2013: $242,8832013Revenue 2014: $2,124,530Expenses 2014: $1,397,159Net Income 2014: $727,3712014Revenue 2015: $3,665,125Expenses 2015: $2,448,634Net Income 2015: $1,216,4912015Revenue 2016: $5,203,943Expenses 2016: $4,330,917Net Income 2016: $873,0262016Revenue 2017: $4,898,306Expenses 2017: $5,410,306Net Income 2017: -$512,0002017Revenue 2018: $4,808,401Expenses 2018: $5,548,812Net Income 2018: -$740,4112018Revenue 2019: $4,745,363Expenses 2019: $4,842,380Net Income 2019: -$97,0172019Revenue 2020: $4,910,513Expenses 2020: $4,942,509Net Income 2020: -$31,9962020Revenue 2021: $5,016,391Expenses 2021: $5,369,640Net Income 2021: -$353,2492021Revenue 2022: $5,616,643Expenses 2022: $6,043,316Net Income 2022: -$426,6732022Revenue 2023: $6,691,524Expenses 2023: $6,925,754Net Income 2023: -$234,2302023Revenue 2024: $8,649,442Expenses 2024: $8,183,046Net Income 2024: $466,3962024

Highlighted filing

2016

Revenue$5,203,943
Expenses$4,330,917
Net Income$873,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$5,203,943
Mission and Program Overview

Mission

The mission of the FIDO Alliance is to change the nature of online authentication by: Developing technical specifications that define an open, scalable, interoperable set of mechanisms that reduce the reliance on passwords to authenticate users.Operating industry programs to help ensure successful worldwide adoption of the specifications. Submitting mature technical specification(s) to recognized standards development organization(s) for formal standardization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,505,339$3,178,718▲ $1,673,379
Cash and Non-Interest-Bearing Accounts$1,768,446$918,183▼ $850,263
Accounts Receivable$151,376$305,624▲ $154,248
Prepaid Expenses and Deferred Charges$26,319$177,164▲ $150,845
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$3,488,480$4,640,689▲ $1,152,209
Other Assets Total$37,000$61,000▲ $24,000
Liabilities
Deferred Revenue$1,577,017$1,738,696▲ $161,679
Accounts Payable and Accrued Expenses$215,766$328,270▲ $112,504
Other Liabilities$5,000$10,000▲ $5,000
Total Liabilities$1,797,783$2,076,966▲ $279,183
Net Assets / Fund Balance
Unrestricted Net Assets$1,690,697$2,563,723▲ $873,026
Total Net Assets Fund Balance$1,690,697$2,563,723▲ $873,026
Total Liabilities and Net Assets / Fund Balance$3,488,480$4,640,689▲ $1,152,209
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett McDowellExecutive DirectorFT$282,475$20,922$303,397
Andrew ShikiarSr. Dir, MarketingFT$172,000$20,922$172,000
Debbie MacDirector of OperationsFT$98,860$8,207$107,067

Board Members and Trustees

NameTitle
Sampath SrinivasPresident
Ramesh KesanupalliVice President
Ashfaq KamalDirector
Benoit GrangeDirector
Conor WhiteDirector
David BurnettDirector
Dinah SloanDirector
Dr Giridhar D Giri MandyamDirector
Guillaume PierquinDirector
Henry LeeDirector
James ColeDirector
Jeff HodgesDirector
John FontanaDirector
John TimarDirector
Judy ZhuDirector
Jungsub HanDirector
Kayvan AlikhaniDirector
Ken ParkDirector
Kevin LynchDirector
Koichi MoriyamaDirector
Mattieu NunninkDirector
Michael ArmentroutDirector
Mike LingDirector
Rob CoombsDirector
Sami NassarDirector
Tibi ZhangDirector
Wil BennettDirector
Abbie BarbirExecutive Board
Liz VotawExecutive Board
Rob LeffertsExecutive Board
Philip AndreaeSecretary
Joe PennisiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Alliances Management Consulting IncMembership Services544 Hillside Road, Redwood City, CA 94062$718,329
Chertoff Group LLCConsulting1399 New York Avenue, Washington, DC 20005$330,000
Montner & Associates IncMedia Relations180 Post Road East Suite 206, Westport, CT 06880$213,453
Virtual IncManagement Services401 Edgewater Place 600, Wakefield, MA 01880$178,750
Blank Rome LLPLegal Services717 Texas Avenue Suite 1700, Houston, TX 77002$137,847
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,195,564
Investment Income
$8,379
Other Revenue
$0
Change in Net Assets
$873,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,203,943
Total Revenue per Audited Statements
$5,203,943
Total Revenue per Form 990
$5,203,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,448,895
Salaries, Compensation, and Employee Benefits$882,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$578,625
Other Expenses---$311,906
Current Officers, Directors, Trustees, and Key Employees---$303,397
All Other Expenses---$233,727
Travel---$202,844
Fees for Services Legal---$133,992
Information Technology---$77,031
Fees for Services Accounting---$35,703
Total Functional Expenses$0$0$0$4,330,917

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,330,917
Total Expenses per Audited Statements$4,330,917
Total Expenses per Form 990$4,330,917
International Activity

International Summary

Spending
$304,804

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
AsiaProgram ServicesMember Meeting00$187,492
EuropeProgram ServicesMember Meeting00$117,312
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
Ramesh KesanupalliVice PresidentServicesNo$216,267

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
Refund Payable$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
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

The Organization delegates its management duties to Virtual, Inc, and to Alliances Management Consulting, Inc.

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

The FIDO Alliance welcomes all organizations interested in helping to create a more secure online ecosystem for users and businesses. Membership allows organizations to participate in the definition of a standard protocol for secure authentication. By participating in developing the technical standard, and in planning and executing the Alliances marketing, certification and deployment programs organizations will gain a thorough understanding of how authentication is evolving to ensure a secure internet for the future.Benefits from participation in the Alliances activities that members will experience include:Stronger account/transaction security This results in lower loss rates and fewer problems to mitigate, and will bring the possibility of improved customer loyalty and less churn. Improved authentication will also reduce risk and enable new business models and revenue streams.Improved user experience The FIDO solution enables businesses to improve convenience for both customers and employees. As users no longer need to remember complex passwords, user provisioning is therefore simplified and the cost associated with remote password resets will be drastically reduced.Improved return of investment in authentication The costs associated with the deployment and support of new solutions will be significantly reduced in comparison to current proprietary approaches which connect a single device type to a single application. System management functionality will be provided by the FIDO infrastructure, rather than having to be built by each application developer. Less testing will be required, as all devices just need to plug into the FIDO interface, and the time to introduce new technologies is significantly reduced.Reduced risk of fraud Users of all FIDO-enabled websites and cloud or mobile applications will enjoy a reduced risk of identity fraud, with the convenience of not having to rememberand worry aboutpasswords. Trust in online systems will grow again as a result of consistent user experiences and higher security.The degree of participation will depend on membership level. Membership levels may be upgraded from Associate to Sponsor at any time during FIDO membership.

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

A copy of the Form 990 is emailed to all primary directors for reveiw prior to filing.

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

The Executive Director's compensation is reviewed and approved annually by the Board of Directors.

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

The Organization makes its governing documents, policies, tax returns, and financial statements available upon request and on its website.

Filing and Contact Details

Filer

Filer Name
FIDO Alliance Inc
EIN
45-4948949
Phone
7812460500
Address
401 Edgewater Place, Wakefield, MA 01880

Signing Officer

Name
Joe Pennisi
Title
Treasurer
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Pennisi
Formed
2012
Legal Domicile
CA
Voting Board Members
32
Independent Board Members
29
Employees
4

Preparer

Firm
Ruane & Company LLP
Address
12 Alfred Street Suite 206, Woburn, MA 01801
Preparer
Thomas M Ruane CPA
Phone
7816430090
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IRS990/Form990PartVIISectionAGrp/PersonNm0Rob Lefferts
IRS990/Form990PartVIISectionAGrp/PersonNm1Joe Pennisi
IRS990/Form990PartVIISectionAGrp/PersonNm2Sampath Srinivas
IRS990/Form990PartVIISectionAGrp/PersonNm3Rob Coombs
IRS990/Form990PartVIISectionAGrp/PersonNm4Liz Votaw
IRS990/Form990PartVIISectionAGrp/PersonNm5John Timar
IRS990/Form990PartVIISectionAGrp/PersonNm6Abbie Barbir
IRS990/Form990PartVIISectionAGrp/PersonNm7Guillaume Pierquin
IRS990/Form990PartVIISectionAGrp/PersonNm8Conor White
IRS990/Form990PartVIISectionAGrp/PersonNm9Wil Bennett
IRS990/Form990PartVIISectionAGrp/PersonNm10Philip Andreae
IRS990/Form990PartVIISectionAGrp/PersonNm11Ramesh Kesanupalli
IRS990/Form990PartVIISectionAGrp/PersonNm12Sami Nassar
IRS990/Form990PartVIISectionAGrp/PersonNm13Koichi Moriyama
IRS990/Form990PartVIISectionAGrp/PersonNm14Jeff Hodges
IRS990/Form990PartVIISectionAGrp/PersonNm15Benoit Grange
IRS990/Form990PartVIISectionAGrp/PersonNm16Henry Lee
IRS990/Form990PartVIISectionAGrp/PersonNm17Kayvan Alikhani
IRS990/Form990PartVIISectionAGrp/PersonNm18John Fontana
IRS990/Form990PartVIISectionAGrp/PersonNm19Mike Ling
IRS990/Form990PartVIISectionAGrp/PersonNm20Dr Giridhar D Giri Mandyam
IRS990/Form990PartVIISectionAGrp/PersonNm21Ashfaq Kamal
IRS990/Form990PartVIISectionAGrp/PersonNm22Mattieu Nunnink
IRS990/Form990PartVIISectionAGrp/PersonNm23Judy Zhu
IRS990/Form990PartVIISectionAGrp/PersonNm24Brett McDowell
IRS990/Form990PartVIISectionAGrp/PersonNm25Michael Armentrout
IRS990/Form990PartVIISectionAGrp/PersonNm26David Burnett
IRS990/Form990PartVIISectionAGrp/PersonNm27James Cole
IRS990/Form990PartVIISectionAGrp/PersonNm28Kevin Lynch
IRS990/Form990PartVIISectionAGrp/PersonNm29Jungsub Han
IRS990/Form990PartVIISectionAGrp/PersonNm30Ken Park
IRS990/Form990PartVIISectionAGrp/PersonNm31Dinah Sloan
IRS990/Form990PartVIISectionAGrp/PersonNm32Tibi Zhang
IRS990/Form990PartVIISectionAGrp/PersonNm33Debbie Mac
IRS990/Form990PartVIISectionAGrp/PersonNm34Andrew Shikiar
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Board
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Executive Board
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Board
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director
IRS990/Form990PartVIISectionAGrp/TitleTxt30Director
IRS990/Form990PartVIISectionAGrp/TitleTxt31Director
IRS990/Form990PartVIISectionAGrp/TitleTxt32Director

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