Civic Intelligence

Lot Network Inc

EIN 46-5160062 • 501(c)6 • Tempe, AZ

Profile

Lot network promotes innovation by reducing the risk of litigation from patent assertion entities.

2055 E Warner Road Ste 101Tempe, AZ 85284

lotnet.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.44x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.32x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

52nd percentile

5.0%

Higher net margin than 52% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

22%

Faster revenue growth than 84% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,584,256

Up $611,185 (+10%) from 2023

Liabilities

Up

$2,924,283

Up $299,109 (+11%) from 2023

Net Assets

Up

$3,659,973

Up $312,076 (+9.3%) from 2023

Revenue

Up

$9,164,417

Up $1,637,363 (+22%) from 2023

Expenses

Up

$8,707,352

Up $1,991,740 (+30%) from 2023

Net Income

Down

$457,065

Down $354,377 (-44%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $1,612,811Liabilities 2015: $194,097Net Assets 2015: $1,418,7142015Assets 2016: $2,930,377Liabilities 2016: $348,561Net Assets 2016: $2,581,8162016Assets 2017: $2,266,888Liabilities 2017: $412,707Net Assets 2017: $1,854,1812017Assets 2018: $2,004,194Liabilities 2018: $874,289Net Assets 2018: $1,129,9052018Assets 2019: $1,957,892Liabilities 2019: $1,091,989Net Assets 2019: $865,9032019Assets 2020: $2,753,990Liabilities 2020: $1,610,889Net Assets 2020: $1,143,1012020Assets 2021: $4,405,027Liabilities 2021: $2,275,266Net Assets 2021: $2,129,7612021Assets 2022: $3,722,374Liabilities 2022: $1,185,919Net Assets 2022: $2,536,4552022Assets 2023: $5,973,071Liabilities 2023: $2,625,174Net Assets 2023: $3,347,8972023Assets 2024: $6,584,256Liabilities 2024: $2,924,283Net Assets 2024: $3,659,9732024

Highlighted filing

2024

Assets$6,584,256
Liabilities$2,924,283
Net Assets$3,659,973

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $1,374,078Expenses 2015: $935,335Net Income 2015: $438,7432015Revenue 2016: $2,528,102Expenses 2016: $1,365,000Net Income 2016: $1,163,1022016Revenue 2017: $1,023,477Expenses 2017: $1,751,112Net Income 2017: -$727,6352017Revenue 2018: $1,715,579Expenses 2018: $2,439,855Net Income 2018: -$724,2762018Revenue 2019: $3,012,168Expenses 2019: $3,276,170Net Income 2019: -$264,0022019Revenue 2020: $3,740,667Expenses 2020: $3,463,469Net Income 2020: $277,1982020Revenue 2021: $5,062,730Expenses 2021: $4,076,070Net Income 2021: $986,6602021Revenue 2022: $6,476,636Expenses 2022: $6,069,942Net Income 2022: $406,6942022Revenue 2023: $7,527,054Expenses 2023: $6,715,612Net Income 2023: $811,4422023Revenue 2024: $9,164,417Expenses 2024: $8,707,352Net Income 2024: $457,0652024

Highlighted filing

2024

Revenue$9,164,417
Expenses$8,707,352
Net Income$457,065

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$9,164,417
Mission and Program Overview

Mission

Lot network promotes innovation by reducing the risk of litigation from patent assertion entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,389,709$4,778,245▲ $2,388,536
Cash and Non-Interest-Bearing Accounts$2,830,246$1,440,357▼ $1,389,889
Prepaid Expenses and Deferred Charges$334,278$357,760▲ $23,482
Accounts Receivable$418,838$7,894▼ $410,944
Total Assets$5,973,071$6,584,256▲ $611,185
Liabilities
Deferred Revenue$1,659,072$1,850,280▲ $191,208
Accounts Payable and Accrued Expenses$966,102$1,074,003▲ $107,901
Total Liabilities$2,625,174$2,924,283▲ $299,109
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,347,897$3,659,973▲ $312,076
Total Net Assets Fund Balance$3,347,897$3,659,973▲ $312,076
Total Liabilities and Net Assets / Fund Balance$5,973,071$6,584,256▲ $611,185
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ken SeddonCEOFT$577,500$251,000$828,500
John BronsnanLicensing ExecutiveFT$689,000$15,000$704,000
Steve McdevittSVP Head of Global Business DevelopmentFT$576,190$51,000$627,190
Steve McdevittSVP Head of Global Business Developm-$561,190$66,000$627,190
Ilja BednerLicensing ExecutiveFT$374,500$25,500$400,000
Lauren KraussLicensing ExecutiveFT$328,000$10,000$338,000
Sam WileyThought LeadershipFT$223,980$51,000$274,980
Tyler AronerLicensing ExecutiveFT$240,950-$240,950

Board Members and Trustees

NameTitle
David PerryDirector
Hideki SanatakeDirector
Tim KowalskiDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Syndefense INCConsulting And Commissions6604 GRANITE CREST CT, San Diego, CA 92130, Ja$280,004
Market Lateral LtdConsulting1600 AMPHITHEATRE PARKWAY, Mountain View, CA 94043, Uk$264,250
Render Strategies LLCPromotion And Communication8374 E SOLANO DR, Scottsdale, AZ 85250$253,123
Google SvcdDigital Advertising-$158,816
Gina SeddonAdministrative Services-$150,200
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,042,075
Investment Income
$122,342
Other Revenue
$0
Change in Net Assets
$457,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,937,584
Other Expenses$3,769,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,427,021
Current Officers, Directors, Trustees, and Key Employees---$1,455,690
Fees for Services Other---$681,404
Conferences and Meetings---$653,170
Advertising---$567,493
Travel---$533,616
Fees for Services Legal---$371,714
Fees for Services Accounting---$240,561
Fees for Services Management---$124,258
Office Expenses---$72,906
Payroll Taxes---$41,726
Insurance---$24,599
Other Employee Benefits---$13,147
All Other Expenses---$10,926
Information Technology---$9,841
Other Expenses---$5,516
Total Functional Expenses$0$0$0$8,707,352
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gina SeddonSpouse of the CEOCompensation for Administrative ServicesNo$150,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have committees.

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

The ceo and the board of directors will review the 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization requires annual sign-off by all employees and directors.

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

The board of directors reviews comparability data to determine the compensation of the organization's ceo. A compensation study was performed by korn ferry and reviewed and approved by the board of directors.

Form 990, Part VI, Section C, Line 18

The organization makes its form 1023 and form 990 available upon request.

Form 990, Part VI, Section C, Line 19

The organization generally makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lot Network Inc
EIN
46-5160062
Phone
4808394900
Address
2055 E WARNER ROAD STE 101, TEMPE, AZ 85284

Signing Officer

Name
Kenneth Seddon
Title
CEO
Phone
6023215334
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Seddon
Formed
2014
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
9
Volunteers
3

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
2055 E WARNER RD STE 101, TEMPE, AZ 85284
Preparer
Colette Kamps
Phone
4808394900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

The prior period adjustment relates to adjustments recorded after the 2023 form 990 was filed that affected the beginning of the year net asset balance. These adjustments included an increase in user fee income in 2023 in the amount of $114,437, an increase in a/r in the amount of $41,808, an increase in accrued expenses in the amount of $9,115, and various other small adjustments.

Raw XML AppendixShowing 400 of 497 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.

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0357760
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0USER FEES
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161415
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08980660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161415
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0392
IRS990/PYOtherExpensesAmt03064095
IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0811442
IRS990/PYSalariesCompEmpBnftPaidAmt03651517
IRS990/PYTotalExpensesAmt06715612
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07527054
IRS990/ReconcilationRevenueExpnssAmt0457065
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02389709
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04778245
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0577500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1689000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2561190
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3374500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4328000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5223980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt6240950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0200000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount115000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount215000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt60
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt60
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt60
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt60
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt051000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt251000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt325500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt410000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt551000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt60
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KEN SEDDON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN BRONSNAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2STEVE MCDEVITT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3ILJA BEDNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4LAUREN KRAUSS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5SAM WILEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6TYLER ARONER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1LICENSING EXECUTIVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SVP HEAD OF GLOBAL BUSINESS DEVELOPM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3LICENSING EXECUTIVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4LICENSING EXECUTIVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5THOUGHT LEADERSHIP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt6LICENSING EXECUTIVE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0828500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1704000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2627190
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3400000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt4338000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt5274980
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt6240950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt60
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS APPROVES THE CEO'S COMPENSATION BASED ON A COMPARISION TO INDUSTRY DATA. IN ADDITION, A COMPENSATION SURVEY STUDY WAS PERFORMED BY KORN FERRY AND WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS DURING 2024.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1CERTAIN INDIVIDUALS LISTED IN FORM 990, PART VII RECEIVE COMMISSIONS BASED ON MEMBERSHIP REVENUES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 6
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00

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