Civic Intelligence

Technology Network DBA Technet

990 • Fiscal year 2016 • EIN 77-0456865

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

Organization Profilewww.technet.org

View Organization Page

4633 Old Ironsides DriveSanta Clara, CA 95054

(650) 887-5640

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.78x

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

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

0.71x

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

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

79th percentile

13%

Higher net margin than 79% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

91st percentile

30%

Faster revenue growth than 91% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$4,397,218

Up $672,770 (+18%) from 2015

Net Assets

Up

$967,298

Up $614,754 (+174%) from 2015

Liabilities

Up

$3,429,920

Up $58,016 (+1.7%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin79th percentile

Revenue

Up

$4,842,399

Up $1,115,769 (+30%) from 2015

Expenses

Up

$4,227,645

Up $298,887 (+7.6%) from 2015

Net Income

Up

$614,754

Up $816,882 (+404%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

2016

Assets$4,397,218
Liabilities$3,429,920
Net Assets$967,298
Open 2016 Filing

Operations Trend

Revenue Growth91st percentile

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

2016

Revenue$4,842,399
Expenses$4,227,645
Net Income$614,754
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$4,842,399
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
Cash and Non-Interest-Bearing Accounts$1,703,800$2,675,858▲ $972,058
Pledges and Grants Receivable$1,945,088$1,645,425▼ $299,663
Prepaid Expenses and Deferred Charges$43,639$50,865▲ $7,226
Land, Buildings, and Equipment, Net$7,106$7,376▲ $270
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$3,724,448$4,397,218▲ $672,770
Other Assets Total$23,315$16,194▼ $7,121
Liabilities
Deferred Revenue$3,162,109$3,124,716▼ $37,393
Accounts Payable and Accrued Expenses$209,795$305,204▲ $95,409
Total Liabilities$3,371,904$3,429,920▲ $58,016
Net Assets / Fund Balance
Unrestricted Net Assets$97,438$779,399▲ $681,961
Temporarily Rstr Net Assets$255,106$187,899▼ $67,207
Total Net Assets Fund Balance$352,544$967,298▲ $614,754
Total Liabilities and Net Assets / Fund Balance$3,724,448$4,397,218▲ $672,770

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,370$84,504$90,874
Other Land Buildings$910$82,582$83,492
Leasehold Improvements$96$8,698$8,794
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda L MoorePresident & CEOFT$432,330$86,027$518,357
John DohertySVP,gen CounselFT$250,920$34,849$285,769
Michael J WardVP Fed Pol & GovFT$176,888$13,325$190,213
Andrea M DeveauExecutive DirectorFT$125,511$51,788$177,299
Patricia S AlbertsonCFO & TreasurerFT$151,709$15,331$167,040
David J ToomeyDirector Fed PolicFT$143,788$21,305$165,093
Caroline M JoinerEXECUTIVE DIRECTorFT$124,905$32,379$157,284
Matthew J MincieliExecutive DirectorFT$124,735$32,184$156,919

Board Members and Trustees

NameTitle
Badar KhanBoard Member
Brad SmithBoard Member
Bruce AustBoard Member
Bruce SewellBoard Member
David IgouldenBoard Member
Ellen RicheyBoard Member
Eric SchmidtBoard Member
Gregg MelinsonBoard Member
John ChambersBoard Member
John DoerrBoard Member
Julie SweetBoard Member
Kim PoleseBoard Member
Kr SridharBoard Member
Lyndon RiveBoard Member
Michael GregoireBoard Member
Ronald a KlainBoard Member
Safra CatzBoard Member
Terry HowertonBoard Member
Tim HealyBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Blueprint CommunicationsAdvocacy Services2111 EISENHOWER AVE STE 400, Alexandria, VA 22314$435,011
463 Communications LLCPublic Relations1150 17TH STREET NW, Washinton, DC 20036$151,722
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,841,449
Investment Income
$950
Other Revenue
$0
Change in Net Assets
$614,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,579,015
Other Expenses$1,648,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,262,792
Current Officers, Directors, Trustees, and Key Employees---$971,166
Fees for Services Other---$428,885
Occupancy---$179,117
Other Employee Benefits---$149,976
All Other Expenses---$143,650
Payroll Taxes---$126,222
Fees for Services Lobbying---$103,539
Travel---$87,934
Fees for Services Legal---$87,220
Pension Plan Contributions---$68,859
Other Expenses---$65,855
Conferences and Meetings---$15,641
Insurance---$12,641
Fees for Services Accounting---$5,450
Depreciation Depletion---$5,169
Total Functional Expenses$0$0$0$4,227,645
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$1,022,403
Total Nondeductible Lobbying and Political Cost$1,022,403
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
4633 OLD IRONSIDES DRIVE, SANTA CLARA, CA 95054

Signing Officer

Name
Patricia S Albertson
Title
CFO
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
17
Volunteers
19

Preparer

Firm
Moss Adams Llp
Address
635 CAMPBELL TECHNOLOGY PKWY, CAMPBELL, CA 95008-5071
Preparer
Stacey J Dell
Phone
4085587500
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IRS990/Form990PartVIISectionAGrp/TitleTxt20CFO & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR FED POLIC
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP FED POL & GOV
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,397,218
Liabilities
$3,429,920
Net assets
$967,298
Revenue
$4,842,399
Expenses
$4,227,645
Net income
$614,754
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
2016Detailed filing. Detailed filing data is available for this year.$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