Civic Intelligence

Wsts Inc

990 • Fiscal year 2015 • EIN 94-2994572

Jan 01, 2015 to Dec 31, 2015 • Filed on May 12, 2016

4357 Esther DriveSan Jose, CA 95124

(408) 559-3592

Siviq Scores

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

Liabilities / Assets

90th percentile

0.63x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

0.65x

Higher debt load relative to revenue than 92% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

28th percentile

-2.1%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

91st percentile

$168,296

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 20.0% of source-year revenue.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

15th percentile

-12%

Faster asset growth than 15% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

3.9%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$867,400

Down $117,584 (-12%) from 2014

Net Assets

Down

$319,502

Down $17,698 (-5.2%) from 2014

Liabilities

Down

$547,898

Down $99,886 (-15%) from 2014

Revenue

Up

$842,317

Up $31,745 (+3.9%) from 2014

Expenses

Down

$860,015

Down $156,637 (-15%) from 2014

Net Income

Up

-$17,698

Up $188,382 (+91%) 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 2011: $1,409,458Liabilities 2011: $693,619Net Assets 2011: $715,8392011Assets 2012: $1,282,872Liabilities 2012: $710,495Net Assets 2012: $572,3772012Assets 2013: $1,216,689Liabilities 2013: $673,409Net Assets 2013: $543,2802013Assets 2014: $984,984Liabilities 2014: $647,784Net Assets 2014: $337,2002014Assets 2015: $867,400Liabilities 2015: $547,898Net Assets 2015: $319,5022015Assets 2016: $922,369Liabilities 2016: $560,599Net Assets 2016: $361,7702016Assets 2017: $919,537Liabilities 2017: $556,520Net Assets 2017: $363,0172017Assets 2018: $998,385Liabilities 2018: $658,678Net Assets 2018: $339,7072018Assets 2019: $1,074,303Liabilities 2019: $646,674Net Assets 2019: $427,6292019Assets 2020: $1,156,574Liabilities 2020: $626,237Net Assets 2020: $530,3372020Assets 2021: $1,321,708Liabilities 2021: $661,286Net Assets 2021: $660,4222021Assets 2022: $1,265,039Liabilities 2022: $667,275Net Assets 2022: $597,7642022Assets 2023: $1,288,168Liabilities 2023: $640,034Net Assets 2023: $648,1342023Assets 2024: $1,387,395Liabilities 2024: $669,129Net Assets 2024: $718,2662024

Highlighted filing

2015

Assets$867,400
Liabilities$547,898
Net Assets$319,502

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $775,791Expenses 2011: $903,264Net Income 2011: -$127,4732011Revenue 2012: $762,501Expenses 2012: $905,963Net Income 2012: -$143,4622012Revenue 2013: $839,871Expenses 2013: $868,968Net Income 2013: -$29,0972013Revenue 2014: $810,572Expenses 2014: $1,016,652Net Income 2014: -$206,0802014Revenue 2015: $842,317Expenses 2015: $860,015Net Income 2015: -$17,6982015Revenue 2016: $705,362Expenses 2016: $663,094Net Income 2016: $42,2682016Revenue 2017: $700,659Expenses 2017: $699,412Net Income 2017: $1,2472017Revenue 2018: $727,953Expenses 2018: $751,263Net Income 2018: -$23,3102018Revenue 2019: $769,533Expenses 2019: $681,611Net Income 2019: $87,9222019Revenue 2020: $747,188Expenses 2020: $644,480Net Income 2020: $102,7082020Revenue 2021: $748,114Expenses 2021: $618,029Net Income 2021: $130,0852021Revenue 2022: $755,110Expenses 2022: $817,768Net Income 2022: -$62,6582022Revenue 2023: $786,768Expenses 2023: $736,398Net Income 2023: $50,3702023Revenue 2024: $827,696Expenses 2024: $757,564Net Income 2024: $70,1322024

Highlighted filing

2015

Revenue$842,317
Expenses$860,015
Net Income-$17,698
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 12, 2016
Return Version
2015v2.0
Gross Receipts
$842,317
Mission and Program Overview

Mission

The mission of wsts is to be the respected source of semiconductor market data and forecasts. Wsts provides statistical data based on direct survey of member companies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$364,572$371,748▲ $7,176
Accounts Receivable$368,245$336,106▼ $32,139
Rtn Earn Endowment Incm Other Fnds$337,200$319,502▼ $17,698
Intangible Assets$237,998$153,901▼ $84,097
Prepaid Expenses and Deferred Charges$11,360$2,885▼ $8,475
Land, Buildings, and Equipment, Net$2,809$2,760▼ $49
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Inventories for Sale or Use-$0-
Total Assets$984,984$867,400▼ $117,584
Other Assets Total-$0-
Liabilities
Deferred Revenue$587,759$516,468▼ $71,291
Accounts Payable and Accrued Expenses$26,515$16,706▼ $9,809
Other Liabilities$33,510$14,724▼ $18,786
Total Liabilities$647,784$547,898▼ $99,886
Net Assets / Fund Balance
Total Net Assets Fund Balance$337,200$319,502▼ $17,698
Total Liabilities and Net Assets / Fund Balance$984,984$867,400▼ $117,584

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,760$20,971$23,731
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bernd SchniggenfittigAdministrator

Highest Paid Contractors

ContractorServicesLocationCompensation
Moss Adams LLPData Collection635 CAMPBELL TECHNOLOGY PARKWAY, Campbell, CA 95008$133,633
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$571,561
Investment Income
$19
Other Revenue
$270,737
Change in Net Assets
$-17,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$620,983
Salaries, Compensation, and Employee Benefits$239,032
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$168,296--$168,296
Depreciation Depletion---$85,008
Conferences and Meetings$68,233--$68,233
Other Salaries and Wages-$49,800-$49,800
Other Expenses$36,797--$36,797
All Other Expenses$24,033--$24,033
Payment Travel Entrtnmnt Publicly Ofcl$15,991--$15,991
Other Employee Benefits$15,950--$15,950
Fees for Services Accounting$6,472$6,471-$12,943
Occupancy$6,041$6,042-$12,083
Payroll Taxes$4,986--$4,986
Total Functional Expenses$712,694$62,313$0$860,015
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ap-germany$14,724
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Conflict-of-interest policy
Yes
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

Classes of members or stockholders organized with members

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

Election of directors and their rights-the wsts board of directors is made up of the individuals from the member companies. The election of the future directors and their rights of the board are elected by the members.

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

Yes, many of the decisions of the board are reviewed and then voted upon by the wsts members.

Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address

SEE ATTACHED

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

Wsts administrator and administrator assisstant reviewed the tax return.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

There is a conflict of interest policy in the executive agreement signed by the administrator.

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

Compensation is mandated by the board.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation is mandated by the board.

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

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Wsts Inc
EIN
94-2994572
Phone
4085593592
Address
4357 ESTHER DRIVE, SAN JOSE, CA 95124

Signing Officer

Name
Bernd Schniggenfittig
Title
Administrator
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
1

Preparer

Firm
Deaton Michaels Richards and Hall Llp
Address
987 University Ave Suite 22, Los Gatos, CA 95032-7640
Preparer
Rhonda a Richards CPA
Phone
4083549922
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: form 990, part iii , line 4d- all other achievements depreciation expense $85,008.

Financial Statement Notes

Part X : FIN48 Footnote

Since the Organization is exempt from United States and California income tax liability, no provision is made for current or deferred income taxes. The German GmbH is not exempted from income tax and due to a small Germany net income incurred German tax of $4,461 and $700 for December 31, 2015 and 2014. The Organization uses the same accounting methods for tax and financial reporting. Generally accepted accounting principles accepted in the United States of America provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken in its United States, California and Germany organization tax returns are more likely than not to be sustained upon examination. The organizations tax returns are subject to examination by United States Federal taxing authorities for a period of three years from the date they are filed and a period of four years for California taxing authorities with the German taxing authorities having five years. There was no interest expense or penalties incurred during the years ended December 31, 2015 and 2014.

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AP-GERMANY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Since the Organization is exempt from United States and California income tax liability, no provision is made for current or deferred income taxes. The German GmbH is not exempted from income tax and due to a small Germany net income incurred German tax of $4,461 and $700 for December 31, 2015 and 2014. The Organization uses the same accounting methods for tax and financial reporting. Generally accepted accounting principles accepted in the United States of America provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken in its United States, California and Germany organization tax returns are more likely than not to be sustained upon examination. The organizations tax returns are subject to examination by United States Federal taxing authorities for a period of three years from the date they are filed and a period of four years for California taxing authorities with the German taxing authorities having five years. There was no interest expense or penalties incurred during the years ended December 31, 2015 and 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalLiabilityAmt014724
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0REIMBURSEMENT FOR BUSINESS USE OF PERSONAL RESIDENCE IS DETERMINED BY THE BOARD OF DIRECTORS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: FORM 990, PART III , LINE 4D- ALL OTHER ACHIEVEMENTS DEPRECIATION EXPENSE $85,008.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASSES OF MEMBERS OR STOCKHOLDERS ORGANIZED WITH MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTION OF DIRECTORS AND THEIR RIGHTS-THE WSTS BOARD OF DIRECTORS IS MADE UP OF THE INDIVIDUALS FROM THE MEMBER COMPANIES. THE ELECTION OF THE FUTURE DIRECTORS AND THEIR RIGHTS OF THE BOARD ARE ELECTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES, MANY OF THE DECISIONS OF THE BOARD ARE REVIEWED AND THEN VOTED UPON BY THE WSTS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SEE ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WSTS ADMINISTRATOR AND ADMINISTRATOR ASSISSTANT REVIEWED THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE IS A CONFLICT OF INTEREST POLICY IN THE EXECUTIVE AGREEMENT SIGNED BY THE ADMINISTRATOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPENSATION IS MANDATED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8COMPENSATION IS MANDATED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0FASANENSTR 12A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0BRUCKMUEHL
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/ForeignPostalCd083052
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0GM
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0860015
IRS990/TotalGrossUBIAmt00
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IRS990/WebsiteAddressTxt0WWW.WSTS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BERND SCHNIGGENFITTIG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WSTS INC
ReturnHeader/Filer/BusinessNameControlTxt0WSTS
ReturnHeader/Filer/EIN0942994572
ReturnHeader/Filer/PhoneNum04085593592
ReturnHeader/Filer/USAddress/AddressLine1Txt04357 ESTHER DRIVE
ReturnHeader/Filer/USAddress/CityNm0SAN JOSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095124
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEATON MICHAELS RICHARDS AND HALL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0987 University Ave Suite 22
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Los Gatos
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0950327640
ReturnHeader/PreparerPersonGrp/PhoneNum04083549922
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RHONDA A RICHARDS CPA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.67$0.72$0.83$0.76$0.07
2023Summary only. Only limited summary data is available for this year.$1.29$0.64$0.65$0.79$0.74$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.67$0.60$0.76$0.82$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.66$0.66$0.75$0.62$0.13
2020Summary only. Only limited summary data is available for this year.$1.16$0.63$0.53$0.75$0.64$0.10
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.65$0.43$0.77$0.68$0.09
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.66$0.34$0.73$0.75$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.56$0.36$0.70$0.70$0.00
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.56$0.36$0.71$0.66$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.55$0.32$0.84$0.86$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.65$0.34$0.81$1.02$0.21
2013Summary only. Only limited summary data is available for this year.$1.22$0.67$0.54$0.84$0.87$0.03
2012Summary only. Only limited summary data is available for this year.$1.28$0.71$0.57$0.76$0.91$0.14
2011Summary only. Only limited summary data is available for this year.$1.41$0.69$0.72$0.78$0.90$0.13
Peer Organizations

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