Civic Intelligence

Fab Owners Association

990 • Fiscal year 2014 • EIN 81-0667666

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 30, 2015

10251 Parlett PlaceCupertino, CA 95014-2016

(408) 725-7127

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Higher debt load relative to assets than 25% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Net Margin

21st percentile

-4.4%

Higher net margin than 21% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$132,752

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 27.2% of source-year revenue.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2014

Asset Growth

39th percentile

0.3%

Faster asset growth than 39% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-2.7%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$971,061

Up $2,731 (+0.3%) from 2013

Net Assets

Down

$967,080

Down $979 (-0.1%) from 2013

Liabilities

Up

$3,981

Up $3,710 (+1369%) from 2013

Revenue

Down

$487,665

Down $13,620 (-2.7%) from 2013

Expenses

Up

$508,961

Up $84,989 (+20%) from 2013

Net Income

Down

-$21,296

Down $98,609 (-128%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $515,861Liabilities 2010: $10,614Net Assets 2010: $505,2472010Assets 2011: $736,541Liabilities 2011: $222Net Assets 2011: $736,3192011Assets 2012: $957,379Liabilities 2012: $216Net Assets 2012: $957,1632012Assets 2013: $968,330Liabilities 2013: $271Net Assets 2013: $968,0592013Assets 2014: $971,061Liabilities 2014: $3,981Net Assets 2014: $967,0802014Assets 2015: $1,012,436Liabilities 2015: $80,604Net Assets 2015: $931,8322015Assets 2016: $886,254Liabilities 2016: $3,535Net Assets 2016: $882,7192016Assets 2017: $770,203Liabilities 2017: $394,686Net Assets 2017: $375,5172017

Highlighted filing

2014

Assets$971,061
Liabilities$3,981
Net Assets$967,080

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $217,6512010Revenue 2011: $536,320Expenses 2011: $305,249Net Income 2011: $231,0712011Expenses 2012: $347,8592012Revenue 2013: $501,285Expenses 2013: $423,972Net Income 2013: $77,3132013Revenue 2014: $487,665Expenses 2014: $508,961Net Income 2014: -$21,2962014Revenue 2015: $543,048Expenses 2015: $607,196Net Income 2015: -$64,1482015Revenue 2016: $431,761Expenses 2016: $480,874Net Income 2016: -$49,1132016Revenue 2017: $426,264Expenses 2017: $933,466Net Income 2017: -$507,2022017

Highlighted filing

2014

Revenue$487,665
Expenses$508,961
Net Income-$21,296
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 30, 2015
Return Version
2014v5.0
Gross Receipts
$487,665
Mission and Program Overview

Mission

The association was formed to improve the conditions of the semiconductor manufacturing industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$968,059$967,080▼ $979
Savings and Temporary Cash Investments$900,526$917,042▲ $16,516
Accounts Receivable$20,000$20,000→ $0
Land, Buildings, and Equipment, Net$2,462$2,233▼ $229
Cash and Non-Interest-Bearing Accounts$9,775$717▼ $9,058
Total Assets$968,330$971,061▲ $2,731
Other Assets Total$35,567$31,069▼ $4,498
Liabilities
Accounts Payable and Accrued Expenses$271$3,981▲ $3,710
Total Liabilities$271$3,981▲ $3,710
Net Assets / Fund Balance
Total Net Assets Fund Balance$968,059$967,080▼ $979
Total Liabilities and Net Assets / Fund Balance$968,330$971,061▲ $2,731

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,233$10,076$12,309
Other Assets Org$199--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lt GuttadauroExecutive Director & TreasureFT$132,752$132,752
Joseph ArdiniSecretaryPT$75,846$75,846

Board Members and Trustees

NameTitle
Rick GlasmannAdvisory Director
Lloyd WetzelDirector
William SmoakDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$471,457
Program Service Revenue
$0
Investment Income
$16,208
Other Revenue
$0
Change in Net Assets
$-21,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$262,312
Other Expenses$146,865
Grants and Similar Amounts Paid$60,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$111,884$96,715-$208,599
Grants to Domestic Orgs$60,000--$60,000
Fees for Services Management-$54,363-$54,363
Fees for Services Other$40,645--$40,645
Benefits to Members$39,784--$39,784
Travel$17,531$4,383-$21,914
Other Salaries and Wages$10,843$10,843-$21,686
Payroll Taxes$9,517$8,341-$17,858
Other Employee Benefits$7,551$6,618-$14,169
Information Technology$11,173--$11,173
Occupancy$2,970$2,970-$5,940
Advertising$3,751--$3,751
Office Expenses-$2,331-$2,331
Fees for Services Accounting-$2,065-$2,065
Insurance-$1,600-$1,600
Depreciation Depletion$499$499-$998
Other Expenses$780$10-$780
Total Functional Expenses$316,928$192,033$0$508,961
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SEMI FoundationSan Jose, CA501c3To support Semis educational work$60,000
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
Wafer Foundry Services IncEntity Owned by Exec DirectorManagement ServicesNo$54,363
Michael GuttadauroChild of Exec DirectorIt ServicesNo$2,200
Governance and Compliance

Governance Checklist

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

Governance Explanations

Members or stockholder classes and rights Part VI line 6

As a business league under 501(c)(6) the Association has members and associate members who join the Association.

Member election for additional members Part VI line 7A

The Association is based on membership. Members of the Assocation may be elected to the governing board; associate members are not allowed to be elected to the board.

Form 990 governing body review Part VI line 11

The Form 990 is reviewed by the Executive Director prior to filing. Members of the Governing Board are notified the Form 990 is available for review.

Conflict of interest policy compliance Part VI line 12C

To ensure the Assocation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. Also whether partnerships, joint ventures, and arrangements with management organizations conform to the Assocation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. Outside advisors may be used to conduct the reviews.

CEO executive director top management comp Part VI line 15A

A voting member of the governing board who receives compensation, directly or indirectly, from the Association for services is precluded from voting on matters pertaining to that member's compensation. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Association for services is precluded from voting on matters pertaining to that member's compensation. No voting member of the governing board or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Association, either individually or collectively, is prohibited from providing information to any committee regarding compensation.

Other officer or key employee compensation Part VI line 15B

A voting member of the governing board who receives compensation, directly or indirectly, from the Association for services is precluded from voting on matters pertaining to that member's compensation. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Association for services is precluded from voting on matters pertaining to that member's compensation. No voting member of the governing board or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Association, either individually or collectively, is prohibited from providing information to any committee regarding compensation.

Governing documents etc available to public Part VI line 19

The documents are available for for inspection at the organization's offices based on receipt of a written request. No requests for inspection were received during the period covered by this filing.

Filing and Contact Details

Filer

Filer Name
Fab Owners Association
EIN
81-0667666
Address
10251 PARLETT PLACE, CUPERTINO, CA 95014-2016

Signing Officer

Name
Lt Guttadauro
Title
Executive Direc
Phone
4087257127
Signed
2015-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lt Guttadauro
Formed
2004
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
3

Preparer

Firm
Bryan D Copas CPA A Prof Corp
Address
631 Del Monte Drive, Hollister, CA 95023-7213
Preparer
Bryan D Copas
Phone
8316350197
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

Member survey & analysis $40,645.

Raw XML Appendix362 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/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WAFER FOUNDRY SERVICES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1MICHAEL GUTTADAURO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ENTITY OWNED BY EXEC DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1CHILD OF EXEC DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt054363
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt12200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1IT SERVICES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0As a business league under 501(c)(6) the Association has members and associate members who join the Association.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Association is based on membership. Members of the Assocation may be elected to the governing board; associate members are not allowed to be elected to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is reviewed by the Executive Director prior to filing. Members of the Governing Board are notified the Form 990 is available for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3To ensure the Assocation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. Also whether partnerships, joint ventures, and arrangements with management organizations conform to the Assocation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. Outside advisors may be used to conduct the reviews.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A voting member of the governing board who receives compensation, directly or indirectly, from the Association for services is precluded from voting on matters pertaining to that member's compensation. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Association for services is precluded from voting on matters pertaining to that member's compensation. No voting member of the governing board or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Association, either individually or collectively, is prohibited from providing information to any committee regarding compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A voting member of the governing board who receives compensation, directly or indirectly, from the Association for services is precluded from voting on matters pertaining to that member's compensation. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Association for services is precluded from voting on matters pertaining to that member's compensation. No voting member of the governing board or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Association, either individually or collectively, is prohibited from providing information to any committee regarding compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The documents are available for for inspection at the organization's offices based on receipt of a written request. No requests for inspection were received during the period covered by this filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Member survey & analysis $40,645.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0968330
IRS990/TotalAssetsEOYAmt0971061
IRS990/TotalAssetsGrp/BOYAmt0968330
IRS990/TotalAssetsGrp/EOYAmt0971061
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0471457
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0192033
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0316928
IRS990/TotalFunctionalExpensesGrp/TotalAmt0508961
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0271
IRS990/TotalLiabilitiesEOYAmt03981
IRS990/TotalLiabilitiesGrp/BOYAmt0271
IRS990/TotalLiabilitiesGrp/EOYAmt03981
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0968059
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0967080
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0316928
IRS990/TotalReportableCompFromOrgAmt0208598
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016208
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0487665
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0968330
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0971061
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt04383
IRS990/TravelGrp/ProgramServicesAmt017531
IRS990/TravelGrp/TotalAmt021914
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.waferfabs.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LT GUTTADAURO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum04087257127
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAB OWNERS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0FABO
ReturnHeader/Filer/EIN0810667666
ReturnHeader/Filer/USAddress/AddressLine1Txt010251 PARLETT PLACE
ReturnHeader/Filer/USAddress/CityNm0CUPERTINO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0950142016
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431994776
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bryan D Copas CPA A Prof Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0631 Del Monte Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hollister
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0950237213
ReturnHeader/PreparerPersonGrp/PhoneNum08316350197
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bryan D Copas
ReturnHeader/ReturnTs02015-08-04T16:17:12-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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