Civic Intelligence

Fab Owners Association

990 • Fiscal year 2015 • EIN 81-0667666

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 13, 2016

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

33rd percentile

0.08x

Higher debt load relative to assets than 33% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

45th percentile

0.15x

Higher debt load relative to revenue than 45% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

9th percentile

-12%

Higher net margin than 9% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$143,590

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 26.4% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

56th percentile

4.3%

Faster asset growth than 56% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

74th percentile

11%

Faster revenue growth than 74% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,012,436

Up $41,375 (+4.3%) from 2014

Net Assets

Down

$931,832

Down $35,248 (-3.6%) from 2014

Liabilities

Up

$80,604

Up $76,623 (+1925%) from 2014

Revenue

Up

$543,048

Up $55,383 (+11%) from 2014

Expenses

Up

$607,196

Up $98,235 (+19%) from 2014

Net Income

Down

-$64,148

Down $42,852 (-201%) from 2014

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

2015

Assets$1,012,436
Liabilities$80,604
Net Assets$931,832

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

2015

Revenue$543,048
Expenses$607,196
Net Income-$64,148
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 13, 2016
Return Version
2015v2.1
Gross Receipts
$543,048
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$967,080$931,832▼ $35,248
Savings and Temporary Cash Investments$917,042$929,284▲ $12,242
Accounts Receivable$20,000$50,301▲ $30,301
Cash and Non-Interest-Bearing Accounts$717$23,547▲ $22,830
Land, Buildings, and Equipment, Net$2,233$1,485▼ $748
Total Assets$971,061$1,012,436▲ $41,375
Other Assets Total$31,069$7,819▼ $23,250
Liabilities
Other Liabilities-$50,542-
Accounts Payable and Accrued Expenses$3,981$30,062▲ $26,081
Total Liabilities$3,981$80,604▲ $76,623
Net Assets / Fund Balance
Total Net Assets Fund Balance$967,080$931,832▼ $35,248
Total Liabilities and Net Assets / Fund Balance$971,061$1,012,436▲ $41,375

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,485$10,824$12,309
Other Assets Org$199--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lt GuttadauroExecutive Director & TreasureFT$143,590$143,590
Joseph ArdiniSecretaryPT$92,958$92,958

Board Members and Trustees

NameTitle
Rick GlasmannAdvisory Director
Lloyd WetzelDirector
William SmoakDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$529,175
Program Service Revenue
$0
Investment Income
$13,873
Other Revenue
$0
Change in Net Assets
$-64,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$297,890
Other Expenses$239,522
Grants and Similar Amounts Paid$50,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$127,570$108,978-$236,548
Other Expenses$57,542$30-$57,542
Fees for Services Management-$56,410-$56,410
Grants to Domestic Orgs$50,000--$50,000
Fees for Services Other$40,000--$40,000
Other Salaries and Wages$12,848$12,848-$25,696
Benefits to Members$19,784--$19,784
Payroll Taxes$10,246$8,890-$19,136
Information Technology$16,862--$16,862
Other Employee Benefits$8,840$7,670-$16,510
Travel$12,361$3,090-$15,451
Occupancy$2,972$2,972-$5,944
Advertising$2,485--$2,485
Fees for Services Accounting-$2,246-$2,246
Insurance-$1,606-$1,606
Office Expenses-$1,530-$1,530
Depreciation Depletion$374$374-$748
Conferences and Meetings$695--$695
Total Functional Expenses$398,100$209,096$0$607,196
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SEMI FoundationSan Jose, CA501c3To support Semis educational work$50,000
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$56,410
Michael GuttadauroChild of Exec DirectorIt ServicesNo$2,400
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Commissions$47,042
Refunds Payable$3,500
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
Yes
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 arms length bargaining. Also whether partnerships, joint ventures, and arrangements with management organizations conform to the Assocations 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 members 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 members 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 members 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 members 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 organizations 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
2016-07-13
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 $40,000.

Raw XML Appendix372 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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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SEMI Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0300155873
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03081 Zanker Road
IRS990ScheduleI/RecipientTable/USAddress/CityNm0San Jose
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd095134
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Check
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Payments to other organizations are approved in advance by the board and is made in a single payment. The records of the payment are available to the board for inspection.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
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/TransactionAmt056410
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt12400
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 arms length bargaining. Also whether partnerships, joint ventures, and arrangements with management organizations conform to the Assocations 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 members 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 members 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 members 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 members 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 organizations 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 $40,000.
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/TotalAssetsBOYAmt0971061
IRS990/TotalAssetsEOYAmt01012436
IRS990/TotalAssetsGrp/BOYAmt0971061
IRS990/TotalAssetsGrp/EOYAmt01012436
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0529175
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0209096
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0398100
IRS990/TotalFunctionalExpensesGrp/TotalAmt0607196
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03981
IRS990/TotalLiabilitiesEOYAmt080604
IRS990/TotalLiabilitiesGrp/BOYAmt03981
IRS990/TotalLiabilitiesGrp/EOYAmt080604
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0967080
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0931832
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0398100
IRS990/TotalReportableCompFromOrgAmt0236548
IRS990/TotalRevenueGrp/ExclusionAmt013873
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0543048
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0971061
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01012436
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt03090
IRS990/TravelGrp/ProgramServicesAmt012361
IRS990/TravelGrp/TotalAmt015451
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.waferfabs.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LT GUTTADAURO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum04087257127
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-13
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/PreparationDt02016-07-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bryan D Copas
ReturnHeader/ReturnTs02016-07-26T13:13:51-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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