Civic Intelligence

Technology Network DBA Technet

990 • Fiscal year 2014 • EIN 77-0456865

Jan 01, 2014 to Dec 31, 2014 • Filed on May 12, 2015

5050 El Camino RealLos Altos, CA 94022

(650) 887-5640

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.82x

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

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

0.62x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

91st percentile

23%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

98th percentile

106%

Faster asset growth than 98% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

83rd percentile

18%

Faster revenue growth than 83% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$3,128,238

Up $1,613,153 (+106%) from 2013

Net Assets

Up

$554,672

Up $964,255 (+235%) from 2013

Liabilities

Up

$2,573,566

Up $648,898 (+34%) from 2013

Revenue

Up

$4,173,102

Up $626,378 (+18%) from 2013

Expenses

Down

$3,208,847

Down $270,659 (-7.8%) from 2013

Net Income

Up

$964,255

Up $897,037 (+1335%) from 2013

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $2,873,542Liabilities 2011: $3,358,763Net Assets 2011: -$485,2212011Assets 2012: $2,031,979Liabilities 2012: $2,508,780Net Assets 2012: -$476,8012012Assets 2013: $1,515,085Liabilities 2013: $1,924,668Net Assets 2013: -$409,5832013Assets 2014: $3,128,238Liabilities 2014: $2,573,566Net Assets 2014: $554,6722014Assets 2015: $3,724,448Liabilities 2015: $3,371,904Net Assets 2015: $352,5442015Assets 2016: $4,397,218Liabilities 2016: $3,429,920Net Assets 2016: $967,2982016Assets 2017: $4,173,305Liabilities 2017: $3,192,319Net Assets 2017: $980,9862017Assets 2018: $4,447,655Liabilities 2018: $3,064,916Net Assets 2018: $1,382,7392018Assets 2019: $4,614,672Liabilities 2019: $3,362,892Net Assets 2019: $1,251,7802019Assets 2020: $5,510,833Liabilities 2020: $4,141,203Net Assets 2020: $1,369,6302020Assets 2021: $5,055,908Liabilities 2021: $3,244,431Net Assets 2021: $1,811,4772021Assets 2022: $9,363,275Liabilities 2022: $6,593,600Net Assets 2022: $2,769,6752022Assets 2023: $15,670,333Liabilities 2023: $11,652,898Net Assets 2023: $4,017,4352023Assets 2024: $15,230,137Liabilities 2024: $11,192,709Net Assets 2024: $4,037,4282024

Highlighted filing

2014

Assets$3,128,238
Liabilities$2,573,566
Net Assets$554,672

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,716,461Expenses 2011: $6,715,788Net Income 2011: $6732011Revenue 2012: $4,357,498Expenses 2012: $4,349,078Net Income 2012: $8,4202012Revenue 2013: $3,546,724Expenses 2013: $3,479,506Net Income 2013: $67,2182013Revenue 2014: $4,173,102Expenses 2014: $3,208,847Net Income 2014: $964,2552014Revenue 2015: $3,726,630Expenses 2015: $3,928,758Net Income 2015: -$202,1282015Revenue 2016: $4,842,399Expenses 2016: $4,227,645Net Income 2016: $614,7542016Revenue 2017: $4,740,400Expenses 2017: $4,726,712Net Income 2017: $13,6882017Revenue 2018: $4,304,709Expenses 2018: $3,902,956Net Income 2018: $401,7532018Revenue 2019: $4,268,236Expenses 2019: $4,399,195Net Income 2019: -$130,9592019Revenue 2020: $4,295,114Expenses 2020: $4,177,264Net Income 2020: $117,8502020Revenue 2021: $6,384,516Expenses 2021: $5,987,252Net Income 2021: $397,2642021Revenue 2022: $10,440,950Expenses 2022: $9,512,752Net Income 2022: $928,1982022Revenue 2023: $13,678,213Expenses 2023: $12,430,453Net Income 2023: $1,247,7602023Revenue 2024: $15,752,072Expenses 2024: $15,732,078Net Income 2024: $19,9942024

Highlighted filing

2014

Revenue$4,173,102
Expenses$3,208,847
Net Income$964,255
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 12, 2015
Return Version
2014v5.0
Gross Receipts
$4,173,102
Mission and Program Overview

Mission

To encourage the development of public policy at both the state and federal levels, for the purpose of benefiting technology industries, their employees, and the community as a whole.

To encourage the development of public policy at both the state and federal levels, for the purpose of benefiting technology industries, their employees and the community as a whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,230,000$2,121,000▲ $891,000
Cash and Non-Interest-Bearing Accounts$185,405$950,640▲ $765,235
Prepaid Expenses and Deferred Charges$25,131$20,778▼ $4,353
Land, Buildings, and Equipment, Net$28,830$9,451▼ $19,379
Savings and Temporary Cash Investments$1,500$1,500→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,515,085$3,128,238▲ $1,613,153
Other Assets Total$44,219$24,869▼ $19,350
Liabilities
Deferred Revenue$1,519,125$2,432,833▲ $913,708
Other Liabilities$150,000--
Accounts Payable and Accrued Expenses$255,543$140,733▼ $114,810
Total Liabilities$1,924,668$2,573,566▲ $648,898
Net Assets / Fund Balance
Temporarily Rstr Net Assets$116,350$409,516▲ $293,166
Unrestricted Net Assets$-525,933$145,156▲ $671,089
Total Net Assets Fund Balance$-409,583$554,672▲ $964,255
Total Liabilities and Net Assets / Fund Balance$1,515,085$3,128,238▲ $1,613,153

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,489$140,708$146,197
Other Land Buildings$3,250$83,298$86,548
Leasehold Improvements$712$18,260$18,972
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda L MoorePresident & CEOFT$387,344$47,162$464,131
John DohertySVP,gen CounselFT$251,029$71,360$294,764
Patricia S AlbertsonCFO & TreasurerFT$147,148$39,128$189,276
ANGELA M O'CONNOREXECUTIVE DIRECTorFT$111,040$58,916$164,956
Brian WeissVP Public AffairsFT$118,969$22,325$141,294
Andrea M DeveauExecutive DirectorFT$117,000$20,481$137,481
Michael J WardVP Fed Pol & GovFT$110,781$16,304$127,085
Gideon D LettVP POL&GOV AFFAIRsFT$110,283$7,687$117,970

Board Members and Trustees

NameTitle
Brad SmithBoard Member
Bruce AustBoard Member
Bruce SewellBoard Member
Donald RosenbergBoard Member
Eric SchmidtBoard Member
Gregg MelinsonBoard Member
John ChambersBoard Member
John DoerrBoard Member
John McadamBoard Member
Joseph M TucciBoard Member
Joseph a GrundfestBoard Member
Kim PoleseBoard Member
Kr SridharBoard Member
Marc BenioffBoard Member
Marissa MayerBoard Member
Michael GregoireBoard Member
Safra CatzBoard Member
Terry HowertonBoard Member
Tim HealyBoard Member
Weili DaiBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,172,751
Investment Income
$351
Other Revenue
$0
Change in Net Assets
$964,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,216,495
Other Expenses$992,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$-3,171

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$815,427$132,744-$948,171
Other Salaries and Wages$808,301$131,540-$939,841
Occupancy$213,063$32,571-$245,634
Fees for Services Other$175,900$10,310-$186,210
Other Employee Benefits$116,949$35,582-$152,531
Payroll Taxes$96,837$17,165-$114,002
Travel$89,748--$89,748
All Other Expenses$76,307$12,337$-3,171$85,473
Fees for Services Legal$81,000$3,828-$84,828
Pension Plan Contributions$52,091$9,859-$61,950
Fees for Services Lobbying$42,610--$42,610
Depreciation Depletion$30,981$4,736-$35,717
Other Expenses$22,342--$22,342
Insurance$10,955$1,675-$12,630
Conferences and Meetings$11,061--$11,061
Fees for Services Accounting-$5,460-$5,460
Interest-$1,942-$1,942
Total Functional Expenses$2,812,269$399,749$-3,171$3,208,847
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$833,546
Total Nondeductible Lobbying and Political Cost$833,546
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

The Organization HAS two classes of membership consisting of the following:(i) General members (Voting members) - they have the right to vote on certain matters of the Corporation (ii)Non-Voting Members - they are not granted any of the corresponding voting rights of General Members

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

the affairs and activities of the organization shall be managed, and all corporate powers shall be exercised, by or under the direction of the Executive Council, which shall be the Board of Directors of the Corporation. the Executive Council has the following powers:(a)To select and remove all the officers, agents and employees of the organization, prescribe duties for them, fix the terms of their offices and their compensation, and in their discretion require from them security for faithful service.(b)To make disbursements from the funds and properties of the organization and generally to conduct, manage, and control the activities and affairs of the organization and to make rules and regulations. (c)To adopt, make, and use a corporate seal and to alter the form of the seal from time to time as they may deem best.(d)To borrow money and incur indebtedness for the purposes of the organization and to execute and deliver, in the organization name, promissory notes, bonds, debentures, deeds of trust, mortgages, pledges, hypothecations, or other evidences of debt and securities.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The Executive Council may create certain committees from time to time that do not exercise the authority of the Executive Council and which may include any non-Executive council Members or Non-Voting Members. Each such committee shall operate under the rules of a committee charter to be approved by a majority vote of the Executive Council and shall be chaired by an Executive Member.

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

the form 990 is reviewed by management prior to filing.

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

Compensation for the CEO is reviewed and approved using comparable data by independent persons who are PART OF the eXECUTIVE cOUNCILS budget and operations committee. The process is documented and was last done fEBRUARY 2015.

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

DOCUMENTS are AVAILABLE upon request through form 1024 and are available to members.

Filing and Contact Details

Filer

Filer Name
Technology Network
EIN
77-0456865
Phone
6508875640
Address
5050 EL CAMINO REAL, LOS ALTOS, CA 94022

Signing Officer

Name
Patricia S Albertson
Title
CFO
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda L Moore
Formed
1997
Legal Domicile
CA
Voting Board Members
18
Independent Board Members
18
Employees
18

Preparer

Firm
Moss Adams Llp
Address
635 CAMPBELL TECHNOLOGY PKWY, CAMPBELL, CA 95008-5071
Preparer
Stacey J Dell
Phone
4083692400
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IRS990/Form990PartVIISectionAGrp/PersonNm2ERIC SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm3BRAD SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSEPH A GRUNDFEST
IRS990/Form990PartVIISectionAGrp/PersonNm5WEILI DAI
IRS990/Form990PartVIISectionAGrp/PersonNm6JOSEPH M TUCCI
IRS990/Form990PartVIISectionAGrp/PersonNm7MARISSA MAYER
IRS990/Form990PartVIISectionAGrp/PersonNm8SAFRA CATZ
IRS990/Form990PartVIISectionAGrp/PersonNm9GREGG MELINSON
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IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN MCADAM
IRS990/Form990PartVIISectionAGrp/PersonNm12BRUCE AUST
IRS990/Form990PartVIISectionAGrp/PersonNm13MARC BENIOFF
IRS990/Form990PartVIISectionAGrp/PersonNm14KIM POLESE
IRS990/Form990PartVIISectionAGrp/PersonNm15KR SRIDHAR
IRS990/Form990PartVIISectionAGrp/PersonNm16TERRY HOWERTON
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL GREGOIRE
IRS990/Form990PartVIISectionAGrp/PersonNm18DONALD ROSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm19BRUCE SEWELL
IRS990/Form990PartVIISectionAGrp/PersonNm20JOHN DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm21PATRICIA S ALBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm22LINDA L MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm23GIDEON D LETT
IRS990/Form990PartVIISectionAGrp/PersonNm24MICHAEL J WARD
IRS990/Form990PartVIISectionAGrp/PersonNm25BRIAN WEISS
IRS990/Form990PartVIISectionAGrp/PersonNm26ANDREA M DEVEAU
IRS990/Form990PartVIISectionAGrp/PersonNm27ANGELA M O'CONNOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20SVP,GEN COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt21CFO & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP POL&GOV AFFAIRs
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP FED POL & GOV
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP PUBLIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE DIRECTor
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IRS990/Form990TFiledInd0false
IRS990/FormationYr01997
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToOrganizationsInd0false
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ENCOURAGE THE DEVELOPMENT OF PUBLIC POLICY AT BOTH THE STATE AND FEDERAL LEVELS, FOR THE PURPOSE OF BENEFITING TECHNOLOGY INDUSTRIES, THEIR EMPLOYEES AND THE COMMUNITY AS A WHOLE.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0116949
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0152531
IRS990/OtherExpensesGrp/Desc0EVENTS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$11.2$4.04$15.8$15.7$0.02
2023Summary only. Only limited summary data is available for this year.$15.7$11.7$4.02$13.7$12.4$1.25
2022Summary only. Only limited summary data is available for this year.$9.36$6.59$2.77$10.4$9.51$0.93
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.06$3.24$1.81$6.38$5.99$0.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.51$4.14$1.37$4.30$4.18$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.61$3.36$1.25$4.27$4.40$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$3.06$1.38$4.30$3.90$0.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$3.19$0.98$4.74$4.73$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.40$3.43$0.97$4.84$4.23$0.61
2015Detailed filing. Detailed filing data is available for this year.$3.72$3.37$0.35$3.73$3.93$0.20
2014Detailed filing. Detailed filing data is available for this year.$3.13$2.57$0.55$4.17$3.21$0.96
2013Summary only. Only limited summary data is available for this year.$1.52$1.92$0.41$3.55$3.48$0.07
2012Summary only. Only limited summary data is available for this year.$2.03$2.51$0.48$4.36$4.35$0.01
2011Summary only. Only limited summary data is available for this year.$2.87$3.36$0.49$6.72$6.72$0.00