Civic Intelligence

National Security Technology Accelerator

990 • Fiscal year 2023 • EIN 82-5338732

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

14051 Sgm Gene Shaw Tech Dr C-146Crane, IN 47522

(408) 970-0100

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

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

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

29.10x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

8th percentile

-28%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

4th percentile

$142,499

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

98th percentile

122%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

13%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Assets

Up

$830,463,714

Up $456,866,891 (+122%) from 2022

Net Assets

Down

-$4,745,955

Down $8,103,528 (-241%) from 2022

Liabilities

Up

$835,209,669

Up $464,970,419 (+126%) from 2022

Revenue

Up

$28,702,641

Up $3,405,454 (+13%) from 2022

Expenses

Up

$36,806,169

Up $14,753,003 (+67%) from 2022

Net Income

Down

-$8,103,528

Down $11,347,549 (-350%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0B$500M$0-$500MAssets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $27,841,063Liabilities 2019: $27,458,585Net Assets 2019: $382,4782019Assets 2020: $64,626,902Liabilities 2020: $69,797,640Net Assets 2020: -$5,170,7382020Assets 2021: $150,147,204Liabilities 2021: $152,198,805Net Assets 2021: -$2,051,6012021Assets 2022: $373,596,823Liabilities 2022: $370,239,250Net Assets 2022: $3,357,5732022Assets 2023: $830,463,714Liabilities 2023: $835,209,669Net Assets 2023: -$4,745,9552023Assets 2024: $914,808,580Liabilities 2024: $922,322,799Net Assets 2024: -$7,514,2192024

Highlighted filing

2023

Assets$830,463,714
Liabilities$835,209,669
Net Assets-$4,745,955

Operations Trend

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

$200M$100M$0-$100MRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $2,051,293Expenses 2019: $1,668,815Net Income 2019: $382,4782019Revenue 2020: $2,387,937Expenses 2020: $6,274,195Net Income 2020: -$3,886,2582020Revenue 2021: $193,455,372Expenses 2021: $190,241,248Net Income 2021: $3,214,1242021Revenue 2022: $25,297,187Expenses 2022: $22,053,166Net Income 2022: $3,244,0212022Revenue 2023: $28,702,641Expenses 2023: $36,806,169Net Income 2023: -$8,103,5282023Revenue 2024: $38,245,986Expenses 2024: $41,791,591Net Income 2024: -$3,545,6052024

Highlighted filing

2023

Revenue$28,702,641
Expenses$36,806,169
Net Income-$8,103,528
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$28,702,641
Mission and Program Overview

Mission

National Security Technology Accelerator (d/b/a Strategic and Spectrum Missions Advanced Resilient Trusted Systems or S2MARTS (pronounced smarts)) is a North Carolina nonprofit corporation and works to strengthen national security through identification, development, deployment and supply of advanced technology to the Warfighter. S2MARTS supports the United States Department of Defense (DoD) in refining current technology deficiencies and needs and subsequently identifying and testing potential technology solutions from companies, universities, laboratories, incubators and elsewhere. S2MARTS refines strategies and management planning activities, and implements integrated, complementary solutions that enable broader DoD access to commercial state-of-the-art EMS technologies, advanced microelectronics, radiation-hardened (RAD-HARD) and strategic missions hardware. For the government, the organization works with the national security agencies to identify and define their current technolog

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$282,650,397$692,542,465▲ $409,892,068
Cash and Non-Interest-Bearing Accounts$73,255,150$137,621,944▲ $64,366,794
Accounts Receivable$17,660,370$277,500▼ $17,382,870
Intangible Assets$275$275→ $0
Total Assets$373,596,823$830,463,714▲ $456,866,891
Other Assets Total$30,631$21,530▼ $9,101
Liabilities
Mortgage Notes Payable Secured by Investment Property$292,430,936$761,750,725▲ $469,319,789
Accounts Payable and Accrued Expenses$64,624,491$41,749,311▼ $22,875,180
Deferred Revenue$13,183,823$23,442,759▲ $10,258,936
Other Liabilities$0$8,266,874▲ $8,266,874
Total Liabilities$370,239,250$835,209,669▲ $464,970,419
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,357,573$-4,745,955▼ $8,103,528
Total Net Assets Fund Balance$3,357,573$-4,745,955▼ $8,103,528
Total Liabilities and Net Assets / Fund Balance$373,596,823$830,463,714▲ $456,866,891
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carl Douglas CroweDirector, S2MARTSFT$142,499$142,499
Anthony KestranekS2MARTS Deputy DirectorFT$128,534$128,534
Timothy Hugo GreeffBoard Member-$158$158

Board Members and Trustees

NameTitle
Kevin Mart RobnettBoard Member
Neill SciarroneBoard Member
Tobler Tippins VoghtBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Innovas IncContract Consulting9450 SW Gemini Dr Suite 83246, Beaverton, OR 97008$36,316,618
Revenue and Support

Revenue Composition

Contributions and Grants
$1,466,013
Program Service Revenue
$27,095,212
Investment Income
$131,991
Other Revenue
$9,425
Change in Net Assets
$-8,103,528

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,702,641
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$28,702,641
Total Revenue per Form 990
$28,702,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$36,381,534
Salaries, Compensation, and Employee Benefits$424,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$390,828--$390,828
Payroll Taxes$33,649--$33,649
Fees for Services Legal-$16,223-$16,223
Other Expenses$2,099--$2,099
Travel$1,604--$1,604
All Other Expenses-$202-$202
Current Officers, Directors, Trustees, and Key Employees$158--$158
Total Functional Expenses$36,789,744$16,425$0$36,806,169

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$36,806,169
Total Expenses per Audited Statements$36,806,169
Total Expenses per Form 990$36,806,169
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberTim Greeff is a board member and the majority shareholder of Innovas, Inc. In 2023 Mr. Greeff owned about 76%. of Innovas, Inc. Innovas is contracted by the Organization to do contract consulting.No$36,316,618
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Savings & Time Deposits$6,633,636
Government Securities Gain Payable$1,633,238
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 2

Tim Greeff, Board Member, is the CEO of Innovas, a firm doing business with NSTXL.

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

No review was or will be conducted.

Form 990, Part VI, Section C, line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
National Security Technology Accelerator
EIN
82-5338732
Phone
4089700100
Address
14051 Sgm Gene Shaw Tech Dr C-146, Crane, IN 47522
Doing Business As
Strategic & Spectrum Missions

Signing Officer

Name
Timothy Greeff
Title
Chief Executive Officer
Phone
4089700100
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Greeff
Formed
2018
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
3
Employees
35
Volunteers
0

Preparer

Firm
Aprio Llp
Address
111 ROCKVILLE PIKE SUITE 600, ROCKVILLE, MD 20850
Preparer
Stacy Cullen
Phone
3012316200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1: Mission Statement

National Security Technology Accelerator (d/b/a Strategic and Spectrum Missions Advanced Resilient Trusted Systems or S2MARTS (pronounced 'smarts')) is a North Carolina nonprofit corporation and works to strengthen national security through identification, development, deployment and supply of advanced technology to the Warfighter. S2MARTS supports the United States Department of Defense (DoD) in refining current technology deficiencies and needs and subsequently identifying and testing potential technology solutions from companies, universities, laboratories, incubators and elsewhere. S2MARTS refines strategies and management planning activities, and implements integrated, complementary solutions that enable broader DoD access to commercial state-of-the-art EMS technologies, advanced microelectronics, radiation-hardened (RAD-HARD) and strategic missions hardware. For the government, the organization works with the national security agencies to identify and define their current technology gaps. Utilizing Design Thinking methodologies, S2MARTS helps the government better understand what their problem is and then refines their problem statement in a manner that can be understood outside government circles. S2MARTS then engages strategic partners and networks to identify potential technology solutions. Once a match is made, the organization continues to manage the project through development, testing and fielding. S2MARTS is a nonprofit operating under an Other Transaction Authority ("OTA") agreement, a contractual acquisition tool long used by DoD and other government agencies for expedited procurement as an alternative to the Federal Acquisition Regulation ("FAR") contracting process. OTAs allow DoD to access non-traditional contractors, such as nonprofits, small businesses, and other organizations, who areotherwise unable to competitively participate in the FAR process due to burdensome overhead requirements.

Form 990, Part XII, Line 2C:

The oversight process has remained unchanged from the previous year.

Financial Statement Notes

Part X, Line 2:

The Organization evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of December 31, 2023 and 2022, there are no accruals for uncertain tax positions. If applicable, the Organization records interest and penalties as a component of other expenses and are presented as management and general in the combined statements of activities and functional expenses. Tax years from 2020 through the current year remain open for examination by tax authorities.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of December 31, 2023 and 2022, there are no accruals for uncertain tax positions. If applicable, the Organization records interest and penalties as a component of other expenses and are presented as management and general in the combined statements of activities and functional expenses. Tax years from 2020 through the current year remain open for examination by tax authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Tim Greef
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board Member
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Tim Greeff is a board member and the majority shareholder of Innovas, Inc. In 2023 Mr. Greeff owned about 76%. of Innovas, Inc. Innovas is contracted by the Organization to do contract consulting.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0National Security Technology Accelerator (d/b/a Strategic and Spectrum Missions Advanced Resilient Trusted Systems or S2MARTS (pronounced 'smarts')) is a North Carolina nonprofit corporation and works to strengthen national security through identification, development, deployment and supply of advanced technology to the Warfighter. S2MARTS supports the United States Department of Defense (DoD) in refining current technology deficiencies and needs and subsequently identifying and testing potential technology solutions from companies, universities, laboratories, incubators and elsewhere. S2MARTS refines strategies and management planning activities, and implements integrated, complementary solutions that enable broader DoD access to commercial state-of-the-art EMS technologies, advanced microelectronics, radiation-hardened (RAD-HARD) and strategic missions hardware. For the government, the organization works with the national security agencies to identify and define their current technology gaps. Utilizing Design Thinking methodologies, S2MARTS helps the government better understand what their problem is and then refines their problem statement in a manner that can be understood outside government circles. S2MARTS then engages strategic partners and networks to identify potential technology solutions. Once a match is made, the organization continues to manage the project through development, testing and fielding. S2MARTS is a nonprofit operating under an Other Transaction Authority ("OTA") agreement, a contractual acquisition tool long used by DoD and other government agencies for expedited procurement as an alternative to the Federal Acquisition Regulation ("FAR") contracting process. OTAs allow DoD to access non-traditional contractors, such as nonprofits, small businesses, and other organizations, who areotherwise unable to competitively participate in the FAR process due to burdensome overhead requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Tim Greeff, Board Member, is the CEO of Innovas, a firm doing business with NSTXL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The oversight process has remained unchanged from the previous year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1: Mission Statement
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
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IRS990/USAddress/AddressLine1Txt014051 Sgm Gene Shaw Tech Dr C-146
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Timothy Greeff
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chief Executive Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum04089700100
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0National Security Technology Accelerator
ReturnHeader/Filer/BusinessNameControlTxt0NATI

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