Civic Intelligence

Fido Alliance Inc

990 • Fiscal year 2018 • EIN 45-4948949

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

89th percentile

0.64x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

82nd percentile

0.48x

Higher debt load relative to revenue than 82% of similar nonprofits.

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

Net Margin

7th percentile

-15%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

91st percentile

$330,544

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

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

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

30th percentile

-1.8%

Faster revenue growth than 30% of similar nonprofits.

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

Assets

Down

$3,614,497

Down $540,349 (-13%) from 2017

Net Assets

Down

$1,311,312

Down $740,411 (-36%) from 2017

Liabilities

Up

$2,303,185

Up $200,062 (+9.5%) from 2017

Revenue

Down

$4,808,401

Down $89,905 (-1.8%) from 2017

Expenses

Up

$5,548,812

Up $138,506 (+2.6%) from 2017

Net Income

Down

-$740,411

Down $228,411 (-45%) from 2017

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

2018

Assets$3,614,497
Liabilities$2,303,185
Net Assets$1,311,312

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

2018

Revenue$4,808,401
Expenses$5,548,812
Net Income-$740,411
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$4,808,401
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$2,637,637$1,909,813▼ $727,824
Cash and Non-Interest-Bearing Accounts$1,028,999$1,131,555▲ $102,556
Prepaid Expenses and Deferred Charges$256,557$297,906▲ $41,349
Accounts Receivable$231,153$224,662▼ $6,491
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$4,154,846$3,614,497▼ $540,349
Other Assets Total$500$50,561▲ $50,061
Liabilities
Deferred Revenue$1,510,325$1,889,130▲ $378,805
Accounts Payable and Accrued Expenses$591,816$404,055▼ $187,761
Other Liabilities$982$10,000▲ $9,018
Total Liabilities$2,103,123$2,303,185▲ $200,062
Net Assets / Fund Balance
Unrestricted Net Assets$2,051,723$1,311,312▼ $740,411
Total Net Assets Fund Balance$2,051,723$1,311,312▼ $740,411
Total Liabilities and Net Assets / Fund Balance$4,154,846$3,614,497▼ $540,349
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett McDowellPrior Executive DirectorFT$308,076$22,468$330,544
Andrew ShikiarSr. Director MarketingFT$236,742$20,987$257,729
Christina M HulkaDirector of OperationsFT$211,762$19,666$231,428

Board Members and Trustees

NameTitle
Sam SrinivasPresident
Sean EstradaVice President
Abbie BarbirDirector
Andy KeysDirector
Bernard JolyDirector
Bill LeddyDirector
Brad DoctorDirector
Brad HillDirector
Brian PielDirector
Dana HuangDirector
David KeltsDirector
Dongpyo HongDirector
Giridhar MandyamDirector
Henry LeeDirector
Hubert Le Van GongDirector
James AherneDirector
James ColeDirector
John FontanaDirector
John TimarDirector
Judy ZhuDirector
Karen ChangDirector
Koichi MoriyamaDirector
Marc CanelDirector
Matthieu NunninkDirector
Michael ArmentroutDirector
Naohisa IchiharaDirector
Niklas StridDirector
Ramesh KesanupalliDirector
Ray TrentDirector
Salah MachaniDirector
Sami NassarDirector
Sang Hun WonDirector
Shinya SugawaraDirector
Tibi ZhangDirector
Will BennettDirector
Alain MartinSecretary
Joe PennisiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Alliances Management Consulting IncMembership Services544 Hillside Road, Redwood City, CA 94062$1,118,949
Virtual IncManagement Services401 Edgewater Place 600, Wakefield, MA 01880$407,027
Venable LLPConsultingPO Box 62727, Baltimore, MD 21264-2727$345,234
Montner & Associates IncMedia Relations180 Post Road East Suite 206, Westport, CT 06880$323,745
Blank Rome LLPLegal serviceOne Logan Square130 North 18th St, Philadelphia, PA 19103$179,105
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,796,224
Investment Income
$12,177
Other Revenue
$0
Change in Net Assets
$-740,411

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,808,401
Total Revenue per Audited Statements
$4,808,401
Total Revenue per Form 990
$4,808,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,340,345
Salaries, Compensation, and Employee Benefits$1,208,467
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$819,701
Other Salaries and Wages---$388,766
All Other Expenses---$329,627
Other Expenses---$302,222
Fees for Services Legal---$232,068
Travel---$214,827
Information Technology---$138,011
Fees for Services Accounting---$36,359
Total Functional Expenses$0$0$0$5,548,812

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,548,812
Total Expenses per Audited Statements$5,548,812
Total Expenses per Form 990$5,548,812
International Activity

International Summary

Spending
$561,888

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$336,659
South AsiaProgram ServicesMember Meetings00$153,424
East Asia and PacificProgram ServicesMember Meetings00$71,805
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ramesh KesanupalliDirectorServicesNo$85,000

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
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
Yes
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 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 reviewed by the Treasurer.

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 15B: Compensation Review and Approval Process for Officers and Key Employees

Key employee 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
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Pennisi
Formed
2012
Legal Domicile
CA
Voting Board Members
35
Independent Board Members
34
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/PersonNm0Abbie Barbir
IRS990/Form990PartVIISectionAGrp/PersonNm1Joe Pennisi
IRS990/Form990PartVIISectionAGrp/PersonNm2John Timar
IRS990/Form990PartVIISectionAGrp/PersonNm3Marc Canel
IRS990/Form990PartVIISectionAGrp/PersonNm4Andy Keys
IRS990/Form990PartVIISectionAGrp/PersonNm5Sang Hun Won
IRS990/Form990PartVIISectionAGrp/PersonNm6Karen Chang
IRS990/Form990PartVIISectionAGrp/PersonNm7Sean Estrada
IRS990/Form990PartVIISectionAGrp/PersonNm8James Aherne
IRS990/Form990PartVIISectionAGrp/PersonNm9Brad Hill
IRS990/Form990PartVIISectionAGrp/PersonNm10Niklas Strid
IRS990/Form990PartVIISectionAGrp/PersonNm11Alain Martin
IRS990/Form990PartVIISectionAGrp/PersonNm12Sam Srinivas
IRS990/Form990PartVIISectionAGrp/PersonNm13Koichi Moriyama
IRS990/Form990PartVIISectionAGrp/PersonNm14David Kelts
IRS990/Form990PartVIISectionAGrp/PersonNm15Michael Armentrout
IRS990/Form990PartVIISectionAGrp/PersonNm16Henry Lee
IRS990/Form990PartVIISectionAGrp/PersonNm17Dana Huang
IRS990/Form990PartVIISectionAGrp/PersonNm18Brian Piel
IRS990/Form990PartVIISectionAGrp/PersonNm19Ramesh Kesanupalli
IRS990/Form990PartVIISectionAGrp/PersonNm20John Fontana
IRS990/Form990PartVIISectionAGrp/PersonNm21Sami Nassar
IRS990/Form990PartVIISectionAGrp/PersonNm22Bernard Joly
IRS990/Form990PartVIISectionAGrp/PersonNm23Giridhar Mandyam
IRS990/Form990PartVIISectionAGrp/PersonNm24Dongpyo Hong
IRS990/Form990PartVIISectionAGrp/PersonNm25Hubert Le Van Gong
IRS990/Form990PartVIISectionAGrp/PersonNm26Naohisa Ichihara
IRS990/Form990PartVIISectionAGrp/PersonNm27Matthieu Nunnink
IRS990/Form990PartVIISectionAGrp/PersonNm28Judy Zhu
IRS990/Form990PartVIISectionAGrp/PersonNm29Ray Trent
IRS990/Form990PartVIISectionAGrp/PersonNm30Shinya Sugawara
IRS990/Form990PartVIISectionAGrp/PersonNm31Salah Machani
IRS990/Form990PartVIISectionAGrp/PersonNm32James Cole
IRS990/Form990PartVIISectionAGrp/PersonNm33Will Bennett
IRS990/Form990PartVIISectionAGrp/PersonNm34Bill Leddy
IRS990/Form990PartVIISectionAGrp/PersonNm35Brad Doctor
IRS990/Form990PartVIISectionAGrp/PersonNm36Tibi Zhang
IRS990/Form990PartVIISectionAGrp/PersonNm37Andrew Shikiar
IRS990/Form990PartVIISectionAGrp/PersonNm38Christina M Hulka
IRS990/Form990PartVIISectionAGrp/PersonNm39Brett McDowell
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt380

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.15$3.52$0.63$8.65$8.18$0.47
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$3.04$0.17$6.69$6.93$0.23
2022Detailed filing. Detailed filing data is available for this year.$3.28$2.88$0.40$5.62$6.04$0.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$2.58$0.83$5.02$5.37$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$2.32$1.18$4.91$4.94$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.64$2.42$1.21$4.75$4.84$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.61$2.30$1.31$4.81$5.55$0.74
2017Detailed filing. Detailed filing data is available for this year.$4.15$2.10$2.05$4.90$5.41$0.51
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.64$2.08$2.56$5.20$4.33$0.87
2015Detailed filing. Detailed filing data is available for this year.$3.49$1.80$1.69$3.67$2.45$1.22
2014Detailed filing. Detailed filing data is available for this year.$1.74$1.26$0.47$2.12$1.40$0.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.24$0.00$0.24$0.50$0.26$0.24