Civic Intelligence

Nvm Express Inc

990 • Fiscal year 2018 • EIN 46-4586505

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 30, 2019

3855 SW 153rd DriveBeaverton, OR 97003

(503) 619-0505

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.56x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

0.44x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

12th percentile

-24%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

23rd percentile

-14%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

20%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$235,260

Down $37,420 (-14%) from 2017

Net Assets

Down

$103,776

Down $71,352 (-41%) from 2017

Liabilities

Up

$131,484

Up $33,932 (+35%) from 2017

Revenue

Up

$302,138

Up $49,990 (+20%) from 2017

Expenses

Up

$373,490

Up $72,057 (+24%) from 2017

Net Income

Down

-$71,352

Down $22,067 (-45%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $121,691Liabilities 2014: $55,241Net Assets 2014: $66,4502014Assets 2015: $236,971Liabilities 2015: $108,364Net Assets 2015: $128,6072015Assets 2016: $345,713Liabilities 2016: $121,300Net Assets 2016: $224,4132016Assets 2017: $272,680Liabilities 2017: $97,552Net Assets 2017: $175,1282017Assets 2018: $235,260Liabilities 2018: $131,484Net Assets 2018: $103,7762018Assets 2019: $199,071Liabilities 2019: $137,937Net Assets 2019: $61,1342019Assets 2020: $350,982Liabilities 2020: $165,083Net Assets 2020: $185,8992020Assets 2021: $572,872Liabilities 2021: $204,936Net Assets 2021: $367,9362021Assets 2022: $644,097Liabilities 2022: $161,292Net Assets 2022: $482,8052022Assets 2023: $732,206Liabilities 2023: $160,465Net Assets 2023: $571,7412023Assets 2024: $877,940Liabilities 2024: $201,267Net Assets 2024: $676,6732024

Highlighted filing

2018

Assets$235,260
Liabilities$131,484
Net Assets$103,776

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $180,173Expenses 2014: $113,723Net Income 2014: $66,4502014Revenue 2015: $234,153Expenses 2015: $171,996Net Income 2015: $62,1572015Revenue 2016: $293,604Expenses 2016: $197,798Net Income 2016: $95,8062016Revenue 2017: $252,148Expenses 2017: $301,433Net Income 2017: -$49,2852017Revenue 2018: $302,138Expenses 2018: $373,490Net Income 2018: -$71,3522018Revenue 2019: $290,253Expenses 2019: $332,895Net Income 2019: -$42,6422019Revenue 2020: $378,478Expenses 2020: $253,713Net Income 2020: $124,7652020Revenue 2021: $432,153Expenses 2021: $250,116Net Income 2021: $182,0372021Revenue 2022: $429,059Expenses 2022: $314,190Net Income 2022: $114,8692022Revenue 2023: $415,301Expenses 2023: $326,365Net Income 2023: $88,9362023Revenue 2024: $425,643Expenses 2024: $320,421Net Income 2024: $105,2222024

Highlighted filing

2018

Revenue$302,138
Expenses$373,490
Net Income-$71,352
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 30, 2019
Return Version
2018v3.1
Gross Receipts
$302,138
Mission and Program Overview

Mission

To fulfill its purposes, the corporation: (i) develops new, or updates existing, open specifications for the data storage industry and then acts as the neutral repository for the corporation's approved nvme specifications; and (ii) promotes and markets the benefits of the corporation's approved nvme specifications to the data storage industry to enable broader industry adoption of the corporation's open and publicly- available standards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$255,498$226,669▼ $28,829
Accounts Receivable$13,500$8,500▼ $5,000
Prepaid Expenses and Deferred Charges$3,682$91▼ $3,591
Total Assets$272,680$235,260▼ $37,420
Liabilities
Deferred Revenue$53,500$71,771▲ $18,271
Other Liabilities$19,000$51,500▲ $32,500
Accounts Payable and Accrued Expenses$25,052$8,213▼ $16,839
Total Liabilities$97,552$131,484▲ $33,932
Net Assets / Fund Balance
Unrestricted Net Assets$175,128$103,776▼ $71,352
Total Net Assets Fund Balance$175,128$103,776▼ $71,352
Total Liabilities and Net Assets / Fund Balance$272,680$235,260▼ $37,420
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amber HuffmanPresident
Bill LynnDirector
Bill MartinDirector
Chris PetersenDirector
Craig CarlsonDirector
Dave LandsmanDirector
David AllenDirector
Fred KnightDirector
J Michel MetzDirector
Jeremy WernerDirector
Lee PrewittDirector
Peter OnufrykDirector
Janene EllefsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vital Technical Marketing INCManagement3855 SW 153RD DRIVE, Beaverton, OR 97003$138,637
NereusPublic Relation3855 SW 153RD DRIVE, Beaverton, OR 97003$120,186
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$302,138
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-71,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$373,490
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$119,569
Advertising---$103,704
Fees for Services Management---$82,320
Fees for Services Other---$24,961
Information Technology---$14,831
Office Expenses---$12,002
Fees for Services Legal---$11,314
Fees for Services Accounting---$2,000
Other Expenses---$1,708
Insurance---$1,081
Total Functional Expenses$0$0$0$373,490
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$44,000
Refund Payable$7,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization delegates the majority of operations secretariat duties to the management company, vital technical marketing, inc. Including but not limited to administration of the majority of meetings, assistance with membership duties and all financial duties.

Form 990, Page 6, Part VI, Line 6

Adopter: -right to have access to ratified technical proposals -right to participate in the annual all-member meeting -right to actively participate in the corporation's marketing and promotional activities at trade shows and other industry events -right to participate in any logo or certification mark licensing program ("logo program") -early access to a final specification before it is released to the general public. Contributor: -all adopter benefits plus: -right to participate in work groups -right to vote as a participant of a work group -right to receive and review draft specifications promotor: -all adopter and contributor benefits plus: -a seat on the board of directors

Form 990, Page 6, Part VI, Line 7A

Current members have the authority to vote to elect or appoint members to the board.

Form 990, Page 6, Part VI, Line 11B

The form 990 is distributed to the board for review prior to the president signing.

Form 990, Page 6, Part VI, Line 19

Nvm express, inc. Does make its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Nvm Express Inc
EIN
46-4586505
Phone
5036190505
Address
3855 SW 153RD DRIVE, BEAVERTON, OR 97003

Signing Officer

Name
Amber Huffman
Title
President
Phone
5036190505
Signed
2019-04-30

Organization Details

Principal Officer
Amber Huffman
Formed
2014
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Skcpa & Co
Address
10260 SW GREENBURG ROAD SUITE 1000, PORTLAND, OR 97223-5526
Preparer
Sean S Kim
Phone
5032931040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To fulfill its purposes, the corporation: (i) develops new, or updates existing, open specifications for the data storage industry and then acts as the neutral repository for the corporation's approved nvme specifications; and (ii) promotes and markets the benefits of the corporation's approved nvme specifications to the data storage industry to enable broader industry adoption of the corporation's open and publicly- available standards.

Form 990, Page 1, Part I, Line 6

Officers and board of directors

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FULFILL ITS PURPOSES, THE CORPORATION: (I) DEVELOPS NEW, OR UPDATES EXISTING, OPEN SPECIFICATIONS FOR THE DATA STORAGE INDUSTRY AND THEN ACTS AS THE NEUTRAL REPOSITORY FOR THE CORPORATION'S APPROVED NVME SPECIFICATIONS; AND (II) PROMOTES AND MARKETS THE BENEFITS OF THE CORPORATION'S APPROVED NVME SPECIFICATIONS TO THE DATA STORAGE INDUSTRY TO ENABLE BROADER INDUSTRY ADOPTION OF THE CORPORATION'S OPEN AND PUBLICLY- AVAILABLE STANDARDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DELEGATES THE MAJORITY OF OPERATIONS SECRETARIAT DUTIES TO THE MANAGEMENT COMPANY, VITAL TECHNICAL MARKETING, INC. INCLUDING BUT NOT LIMITED TO ADMINISTRATION OF THE MAJORITY OF MEETINGS, ASSISTANCE WITH MEMBERSHIP DUTIES AND ALL FINANCIAL DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADOPTER: -RIGHT TO HAVE ACCESS TO RATIFIED TECHNICAL PROPOSALS -RIGHT TO PARTICIPATE IN THE ANNUAL ALL-MEMBER MEETING -RIGHT TO ACTIVELY PARTICIPATE IN THE CORPORATION'S MARKETING AND PROMOTIONAL ACTIVITIES AT TRADE SHOWS AND OTHER INDUSTRY EVENTS -RIGHT TO PARTICIPATE IN ANY LOGO OR CERTIFICATION MARK LICENSING PROGRAM ("LOGO PROGRAM") -EARLY ACCESS TO A FINAL SPECIFICATION BEFORE IT IS RELEASED TO THE GENERAL PUBLIC. CONTRIBUTOR: -ALL ADOPTER BENEFITS PLUS: -RIGHT TO PARTICIPATE IN WORK GROUPS -RIGHT TO VOTE AS A PARTICIPANT OF A WORK GROUP -RIGHT TO RECEIVE AND REVIEW DRAFT SPECIFICATIONS PROMOTOR: -ALL ADOPTER AND CONTRIBUTOR BENEFITS PLUS: -A SEAT ON THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CURRENT MEMBERS HAVE THE AUTHORITY TO VOTE TO ELECT OR APPOINT MEMBERS TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS DISTRIBUTED TO THE BOARD FOR REVIEW PRIOR TO THE PRESIDENT SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NVM EXPRESS, INC. DOES MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05036190505
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NVM EXPRESS INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O VITAL TECHNICAL MARKETING INC
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.71.181.209
ReturnHeader/FilingSecurityInformation/IPDt02019-05-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:15:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731691547
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKCPA & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010260 SW GREENBURG ROAD SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0972235526
ReturnHeader/PreparerPersonGrp/PhoneNum05032931040
ReturnHeader/PreparerPersonGrp/PreparationDt02019-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SEAN S KIM
ReturnHeader/ReturnTs02019-05-09T16:15:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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