NFC FORUM INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- NFC FORUM INC (EIN 20-1752543)
- Tax period
- 2021-11-01 to 2022-10-31
- Filed
- 2023-09-13
- IRS object ID
- 202342569349300919
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-09-13T10:00:15-04:00 | ReturnTs |
| Tax Period End | 2022-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 320344584 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RUANE & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 105 CENTRAL STREET SUITE 1200 | AddressLine1Txt |
| City | STONEHAM | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02180 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201752543 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NFC FORUM INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NFCF | BusinessNameControlTxt |
| Phone | 7812460500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 EDGEWATER PLACE SUITE 600 | AddressLine1Txt |
| City | WAKEFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01880 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | YO TABAYASHI | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 7812460500 | PhoneNum |
| Signature | 2023-08-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | YO | PersonFirstNm |
| Person Last | TABAYASHI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS M RUANE CPA | PreparerPersonNm |
| PTIN | P00005237 | PTIN |
| Phone | 7816430090 | PhoneNum |
| Preparation | 2023-09-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | YO TABAYASHI | PrincipalOfficerNm |
| Gross Receipts | $1,629,792 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | NFC-FORUM.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | THE NEAR FIELD COMMUNICATION FORUM WAS FORMED TO ADVANCE THE USE OF NEAR FIELD COMMUNICATION TECHNOLOGY BY DEVELOPING SPECIFICATIONS, ENSURING INTEROPERABILITY AMONG DEVICES AND SERVICES, AND EDUCATING THE MARKET ABOUT NFC TECHNOLOGY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,513,843 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,628,995 | CYProgramServiceRevenueAmt |
| PY Investment Income | $223 | PYInvestmentIncomeAmt |
| CY Investment Income | $322 | CYInvestmentIncomeAmt |
| CY Other Revenue | $475 | CYOtherRevenueAmt |
| PY Total Revenue | $1,514,066 | PYTotalRevenueAmt |
| CY Total Revenue | $1,629,792 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,452,343 | PYOtherExpensesAmt |
| CY Other Expenses | $1,624,957 | CYOtherExpensesAmt |
| PY Total Expenses | $1,452,343 | PYTotalExpensesAmt |
| CY Total Expenses | $1,624,957 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $61,723 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,835 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,951,319 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,845,596 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $875,771 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $765,213 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,075,548 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,080,383 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE NEAR FIELD COMMUNICATION FORUM WAS FORMED TO ADVANCE THE USE OF NEAR FIELD COMMUNICATION TECHNOLOGY BY DEVELOPING SPECIFICATIONS, ENSURING INTEROPERABILITY AMONG DEVICES AND SERVICES, AND EDUCATING THE MARKET ABOUT NFC TECHNOLOGY. FORMED IN 2004, THE FORUM NOW HAS 117 MEMBERS. MANUFACTURERS, APPLICATIONS DEVELOPERS,FINANCIAL SERVICES INSTITUTIONS, AND MORE ALL WORK TOGETHER TO PROMOTE THE USE OF NFC TECHNOLOGY IN CONSUMER ELECTRONICS, MOBILE DEVICES, AND PCS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | THE ORGANIZATION PROMOTES THE DEVELOPMENT AND ADOPTION OF OPEN, ACCESSIBLE STANDARDS AND RESPECTIVE SPECIFICATIONS TO ADVANCE THE USE OF NFC SHORT- RANGE WIRELESS INTERACTION IN CONSUMER ELECTRONICS, MOBILE DEVICES AND PCS. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIRTUAL INC | PersonNm |
| Phone | 7812460500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 EDGEWATER PLACE | AddressLine1Txt |
| Address Line2 | SUITE 600 | AddressLine2Txt |
| City | WAKEFIELD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01880 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| ALISHER ALIKHODJAEV | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ANDREW DAVIDSON | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| AMIR KHOSHNIYATI | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JEROME LEGROS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DANIEL ORSATTI | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MAURIZIO SKERLJ | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| YO TABAYASHI | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| DAWEI ZHANG | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| XIAOFENG ZHANG | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| FRANK DAWIDOWSKY | ||||||
| SECRETARY | 1.00 | $0 | $0 | $0 | Yes (X) | |
| PREETI OHRI KHEMANI | ||||||
| CHAIR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| MICHAEL MCCAMON | ||||||
| EXECUTIVE DI | 20.00 | $0 | $0 | $0 | Yes (X) | |
| MICHAEL STARK | ||||||
| VICE CHAIR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd |
|---|---|---|---|---|---|---|---|---|
| VIRTUAL INC | ||||||||
| 401 EDGEWATER PLACE SUIT | WAKEFIELD | MA | 01880 | MANAGEMENT FEES | $994,357 | |||
| WENDEL STEN | ||||||||
| CONSULTING | $128,250 | TOSTARPSVAGEN 1 | BILLEBERGA | SW | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| MEMBERSHIP DUES | $1,405,923 | $1,405,923 |
| SPECS & COMPLIANCE | $197,855 | $197,855 |
| MEETING REGISTRATION | $22,967 | $22,967 |
| MEETING SPONSORSHIPS | $2,250 | $2,250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,628,995 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $322 | TotalRevenueColumnAmt |
| Exclusion | $322 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Total Revenue Column | $475 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $475 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $475 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,629,792 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,629,470 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $322 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $246,000 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,437 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,000 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,216 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,097 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,085 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COMPLIANCE RELATED EXPS. | $180,417 |
| PUBLIC RELATIONS | $176,324 |
| WEB SERVICES | $102,548 |
| MEMBERSHIP SERVICES | $77,520 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $428,313 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,624,957 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $770,228 | BOYAmt |
| EOY | $560,808 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,123,878 | BOYAmt |
| EOY | $1,124,200 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,624 | BOYAmt |
| EOY | $128,177 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,589 | BOYAmt |
| EOY | $32,411 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,951,319 | BOYAmt |
| EOY | $1,845,596 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,841 | BOYAmt |
| EOY | $158,662 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $519,855 | BOYAmt |
| EOY | $512,958 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $210,075 | BOYAmt |
| EOY | $93,593 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $875,771 | BOYAmt |
| EOY | $765,213 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,075,548 | BOYAmt |
| EOY | $1,080,383 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,075,548 | BOYAmt |
| EOY | $1,080,383 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,951,319 | BOYAmt |
| EOY | $1,845,596 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $4,835 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PREPAID MEMBERHSIP DUES | $89,000 |
| VAT PAYABLE | $4,593 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $93,593 | TotalLiabilityAmt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | EUROPE | RegionTxt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | MEMBER MEETINGS | SpecificServicesProvidedTxt |
| Region Total Expenditures | $30,435 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $30,435 | SubtotalSpentAmt |
| Total Spent | $30,435 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, PAGE 1, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | EUROPE 30,435 0 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE NEAR FIELD COMMUNICATION FORUM WAS FORMED TO ADVANCE THE USE OF NEAR FIELD COMMUNICATION TECHNOLOGY BY DEVELOPING SPECIFICATIONS, ENSURING INTEROPERABILITY AMONG DEVICES AND SERVICES, AND EDUCATING THE MARKET ABOUT NFC TECHNOLOGY. FORMED IN 2004, THE FORUM NOW HAS 117 MEMBERS. MANUFACTURERS, APPLICATIONS DEVELOPERS,FINANCIAL SERVICES INSTITUTIONS, AND MORE ALL WORK TOGETHER TO PROMOTE THE USE OF NFC TECHNOLOGY IN CONSUMER ELECTRONICS, MOBILE DEVICES, AND PCS. |
| FORM 990, PAGE 6, PART VI, LINE 3 | NFC FORUM DELEGATED ALL MANAGMENT, ADMINISTRATIVE, MEMBERSHIP, EVENTS AND MEETING, FINANCIAL, AND PUBLIC RELATIONS DUTIES TO VIRTUAL, INC. |
| FORM 990, PAGE 6, PART VI, LINE 6 | NFC FORUM HAS SIX LEVELS OF MEMBERSHIP: SPONSOR, PRINCIPAL, ASSOCIATE,IMPLEMENTER, START-UP IMPLEMENTER, AND NONPROFIT. ALL MEMBERS RECEIVE THESE BENEFITS: ACCESS TO NFC FORUM MEMBERS COMMUNITY WEBSITE. ACCESS TO ALL PUBLISHED FORUM SPECIFICATIONS AT NO CHARGE. ATTENDANCE AT PLENARY MEETING OF THE FORUM. ABILITY TO PARTICIPATE IN PRODUCT INTEROPERABILITY TESTING/PLUGFEST. ABILITY TO PARTICIPATE IN THE NFC FORUM CERTIFICATION PROGRAM. ACCESS TO FORUM RESEARCH, TECHNICAL INFORMATION, AND OTHER RESOURCES. OPPORTUNITIES FOR PEER-TO-PEER COLLABERATION YOUR COMPANY NAME, LOGO, AND PRESS RELEASES DISPLAYED ON THE FORUM WEBSITE. USE OF THE NFC FORUM LOGO ON YOUR WEBSITE TO INDICATE MEMBERSHIP. ONLY SPONSOR MEMBERS ARE ALLOWED TO ELECT A REPRESENTATIVE TO THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | SPONSOR MEMBERS ARE ALLOWED TO ELECT A REPRSENTATIVE TO THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS REVIEWED BY THE TREASURER AND PRESENTED TO THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE BOARD OF DIRECTORS REQUIRES EACH DIRECTOR TO FILL OUT A FORM TO DISCLOSE ANY POSSIBLE CONFLICTS AT THE BEGINNING OF THEIR TERM AND THE DIRECTOR MUST UPDATE THE FORM ON AN ANNUAL BASIS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NFC FORUM, INC. MAKES THE ORGANIZATION'S BYLAWS AVAILABLE ON THEIR WEBSITE. OTHER GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | FINANCIAL SERVICES 77,400 0 0 SIG COMMITTE SUPPORT STAF 74,784 0 0 BOARD INITIATIVES 62,723 0 0 TELEPHONE 49,106 0 0 BRAND ACTIVITIES 49,095 0 0 SOFTWARE SUBSCRIPTIONS 40,774 0 0 FORUM COMMUNICATIONS 19,225 0 0 TECHNICAL COMMITTEES 16,200 0 0 BAD DEBT EXPENSE 10,833 0 0 BANK CHARGES 7,501 0 0 DISCRETIONARY SPENDING 6,135 0 0 MISC 5,164 0 0 MEMBER NEWSLETTER 4,000 0 0 STRATEGIC PROJECTS 2,623 0 0 D & O INSURANCE 2,525 0 0 SUPPLIES 225 0 0 TOTAL 428,313 0 0 |