Network Time Foundation Inc
- Assets
- $31.6k
- Revenue
- $302.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Talent, OR
- Founding
- 07/2014
- Data as of
- 12/2021
- 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 12/2021, Network Time Foundation Inc generated $302.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $304.9k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
2021
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
MONSTER INSIGHTS RUNNING ON NWTIME.ORG;UPGRADE OF INTERNAL TICKETING SYSTEM;DEPLOYMENT OF NEW DOC.NTP.ORG SITE;DEPLOYMENT OF UPGRADED BUGS.NTP.ORG SITE;LIBPMC PROJECT;MOVING FORWARD WITH OUR FMT1 DATA CENTER AND TAL1 DATA CENTER UPGRADES. DURING THE YEAR ENDED DECEMBER 31, 2021, 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 | $6,760 |
Harlan Stenn President, CEO | OfficerTrustee | 95 | $0 |
Laura Atkins Board Member | Trustee | 5 | $0 |
Majdi Abbas 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 | $2,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,536 |
| Total Program Service Revenue | $288,100 |
| Investment income | $89 |
| 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 | $302,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $6,760 |
| Compensation of current officers, directors, key employees. | $6,760 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $604 |
| Office expenses | $4,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,928 |
| 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 | $6,242 |
| Total functional expenses | $304,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,555 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $31,555 |
| Accounts payable and accrued expenses | $5,655 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $575,052 |
| Total liabilities | $580,707 |
| Net assets without donor restrictions | -$549,152 |
| 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 | $31,555 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Network Time Foundation Inc has recieved totaling $117.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Astera Institute Berkeley, CA | $1,690,396,167 | $1,353,526,926 |
Partnership On Ai To Benefit People And Society San Francisco, CA | $11,337,057 | $6,018,330 |
Machine Intelligence Research Institute Inc Berkeley, CA | $29,660,816 | $25,558,423 |
International Computer Science Institute Berkeley, CA | $14,202,562 | $6,417,874 |
Meedan Inc San Francisco, CA | $3,162,332 | $5,379,293 |
Code For Science And Society Inc Portland, OR | $4,762,095 | $5,815,149 |
Organization For Educational Technology And Curriculum Salem, OR | $19,424,020 | $7,330,105 |
Computer Using Educators Inc San Francisco, CA | $1,715,707 | $2,024,124 |
United States Information Technology Office Inc Campbell, CA | $3,525,593 | $1,630,625 |
Hack Foundation West Hollywood, CA | $3,032,702 | $3,041,120 |
Python Software Foundation Beaverton, OR | $4,902,663 | $2,311,080 |
Openfog Consortium Inc Fremont, CA | $1,296,747 | $1,683,783 |