Network Time Foundation Inc
- Assets
- $124.3k
- Revenue
- $290.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Talent, OR
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 45-1739761
Organization Overview
Network Time Foundation Inc is located in Talent, OR. The organization was established in 2014. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network Time Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Network Time Foundation Inc generated $290.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $358.9k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NETWORK TIME FOUNDATION WAS FORMED TO PROVIDE DIRECT SERVICES AND SUPPORT TO IMPROVE THE STATE OF ACCURATE COMPUTER NETWORK TIMEKEEPING IN THE GENERAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHED A NEW NTF SECURITY OFFICER KEY;NTP-4.2.8P16, NTP-4.2.8P17, LINUXPTP 4.0 RELEASED;IETF DRAFT KHRONOS SPECIFICATION WAS REVISED AND UPDATED ACCORDING TO THE AD EVALUATION; LIBPTPMGMT 1.1 RELEASED 06/10/2023;LINUXPTP 4.1 RELEASED ON SEPTEMBER 5, 2023 AND LINUXPTP 4.2 RELEASED IN DECEMBER;LINUXPTP PROJECT MAILING LISTS NOW HOSTED BY NTF; LIBPTPMGMT 1.2 RELEASEDBITBUCKET TO FORGEJO MIGRATION COMPLETED IN AUGUST OF 2023;ARIN GRANT AWARDED TO NTF FOR THE 2ND CONSECUTIVE YEAR - $20,000;DURING THE YEAR ENDED DECEMBER 31, 2023, THE FOUNDATION RECEIVED NON-CASH COMPUTER SERVICES VALUED AT $16,477.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyson Towry Sec/treas | Officer | 5 | $27,103 |
Harlan Stenn President, CEO | OfficerTrustee | 95 | $0 |
Majdi Abbas Board Member | Trustee | 5 | $0 |
Laura Atkins Board Member | Trustee | 5 | $0 |
Wayne Buckhanan Board Member | Trustee | 5 | $0 |
Matt Ploessel Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,225 |
| Total Program Service Revenue | $258,800 |
| Investment income | $491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,103 |
| Compensation of current officers, directors, key employees. | $27,103 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,347 |
| Fees for services: Accounting | $10,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $511 |
| Advertising and promotion | $2,305 |
| Office expenses | $14,560 |
| Information technology | $4,534 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,311 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $639 |
| All other expenses | $0 |
| Total functional expenses | $358,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,173 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,125 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $124,298 |
| Accounts payable and accrued expenses | $525 |
| Grants payable | $0 |
| Deferred revenue | $171,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $562,753 |
| Total liabilities | $734,278 |
| Net assets without donor restrictions | -$609,980 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $124,298 |