2025-11-21T13:23:12-06:00 2025-11-14 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2025-10-01 934007133 NATCAST INC NATC 2126517152 1166 AVE OF AMERICAS 15TH FL NEW YORK NY 10036 DEIRDRE HANFORD CHIEF EXECUTIVE OFFICER 2126517152 2025-11-14 1 0 BRIAN KEARNS P02061479 7032868000 2025-11-14 2024 2025-03-06 01:10:19Z X DEIRDRE HANFORD 1166 AVE OF AMERICAS 15TH FL NEW YORK NY 10036 0 0 X N/A X 2023 DE NATCAST IS A PURPOSE-BUILT, NON-PROFIT ENTITY CREATED TO OPERATE THE NATIONAL SEMICONDUCTOR TECHNOLOGY CENTER (NSTC), ESTABLISHED BY THE CHIPS AND SCIENCE ACT OF THE U.S. GOVERNMENT. X 5 4 112 4 0 0 50531951 1799782 5136291 -2711768 124322 298009 0 0 55792564 -613977 10131121 880198 0 0 16492885 1328738 0 0 0 24557220 1651214 51181226 3860150 4611338 -4474127 23862291 0 19388164 0 4474127 0 X NATCAST IS A PURPOSE-BUILT, NON-PROFIT ENTITY CREATED TO OPERATE THE NATIONAL SEMICONDUCTOR TECHNOLOGY CENTER (NSTC), ESTABLISHED BY THE CHIPS AND SCIENCE ACT OF THE U.S. GOVERNMENT. THE NSTC IS A PUBLIC-PRIVATE CONSORTIUM DEDICATED TO SEMICONDUCTOR R&D IN THE UNITED STATES. 0 0 916478 880198 0 WORKFORCE DEVELOPMENTDURING THE PERIOD OCTOBER 1, 2025 THROUGH NOVEMBER 14, 2025, NATCAST'S EFFORTS CONCENTRATED ON ITS WINDDOWN EFFORTS, INITIATED WITH THE U.S. DEPARTMENT OF COMMERCE'S AUGUST 25, 2025 LETTER. NATCAST'S CLOSEOUT OF NSTC PROGRAMMATIC ACTIVITIES INCLUDED THE ISSUANCE OF FINAL PAYMENTS AND TERMINATION OF WORKFORCE AWARDS AND THE 2024 WORKFORCE PROGRAM ALLIANCE PROGRAM. THE WORKFORCE DEVELOPMENT (WDF) EXPENSES ALSO INCLUDES SEVERANCE PAYMENTS MADE TO EMPLOYEES WHOSE REGULAR COMPENSATION, PRIOR TO TERMINATION ASSOCIATED WITH THE WIND DOWN, HAD BEEN ALLOCATED TO THE WDF PROGRAM. 154118 0 0 RESEARCH AND DEVELOPMENTDURING THE PERIOD OCTOBER 1, 2025 THROUGH NOVEMBER 14, 2025, NATCAST'S EFFORTS CONCENTRATED ON ITS WINDDOWN EFFORTS, INITIATED WITH THE U.S. DEPARTMENT OF COMMERCE'S AUGUST 25, 2025 LETTER. NATCAST'S CLOSEOUT OF NSTC PROGRAMMATIC ACTIVITIES INCLUDED THE ISSUANCE OF FINAL PAYMENTS AND TERMINATION OF R&D AWARDS AND THE ARTIFICIAL INTELLIGENCE DRIVEN RADIO FREQUENCY INTEGRATED CIRCUIT DESIGN ENABLEMENT (AIDRFIC) PROGRAM. THE R&D EXPENSES ALSO INCLUDES SEVERANCE PAYMENTS MADE TO EMPLOYEES WHOSE REGULAR COMPENSATION, PRIOR TO TERMINATION ASSOCIATED WITH THE WIND DOWN, HAD BEEN ALLOCATED TO THE R&D PROGRAM. 32848 0 0 DESIGN ENABLEMENT GATEWAYDURING THE PERIOD OCTOBER 1, 2025 THROUGH NOVEMBER 14, 2025, NATCAST'S EFFORTS CONCENTRATED ON ITS WINDDOWN EFFORTS, INITIATED WITH THE U.S. DEPARTMENT OF COMMERCE'S AUGUST 25, 2025 LETTER. THE DESIGN ENABLEMENT GATEWAY (DEG) EXPENSES INCLUDE SEVERANCE PAYMENTS MADE TO EMPLOYEES WHOSE REGULAR COMPENSATION, PRIOR TO TERMINATION ASSOCIATED WITH THE WIND DOWN, HAD BEEN ALLOCATED TO THE DEG PROGRAM. -181224 0 -2711768 OTHER PROGRAMSCERTAIN EXPENSE CATEGORIES SHOW NEGATIVE BALANCES FOR THE STUB PERIOD DUE TO THE RECOGNITION OF CREDITS, REFUNDS, OR OTHER ADJUSTMENTS RELATED TO COSTS PREVIOUSLY ACCRUED OR PAID IN PRIOR REPORTING PERIODS. THESE ADJUSTMENTS WERE THE RESULT OF VENDOR NEGOTIATIONS DURING FINAL ACCOUNT CLOSE OUTS CONDUCTED AS A PART OF NATCAST'S WIND-DOWN ACTIVITIES. -181224 0 -2711768 922220 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 47 0 112 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X EDWARD MOSER 2126517152 1166 AVE OF AMERICAS 15TH FL NEW YORK NY 10036 DEIRDRE HANFORD CHIEF EXECUTIVE OFFICER 40.00 0.00 X X 761540 0 14000 MICHAEL SPLINTER TRUSTEE, CHAIR 5.00 0.00 X 0 0 0 ROBIN ABRAMS TRUSTEE, SECRETARY 5.00 0.00 X X 0 0 0 CRAIG R BARRETT TRUSTEE, TREASURY 5.00 0.00 X X 0 0 0 L REGINALD BROTHERS TRUSTEE 5.00 0.00 X 0 0 0 ANANTHA CHANDRAKASAN TRUSTEE 5.00 0.00 X 0 0 0 NICHOLAS DONOFRIO TRUSTEE 5.00 0.00 X 0 0 0 DONNA DUBINSKY TRUSTEE 5.00 0.00 X 0 0 0 ERICA RH FUCHS TRUSTEE 5.00 0.00 X 0 0 0 JACK LAZAR TRUSTEE 5.00 0.00 X 0 0 0 LAUREN LARSON CHIEF FINANCIAL OFFICER 40.00 0.00 X 378192 0 13644 JEREMY LICHT GENERAL COUNSEL, SECRETARY 40.00 0.00 X 263182 0 7112 ROBERT CHAU SVP, REASEARCH 40.00 0.00 X 334615 0 12176 SUSAN FEINDT SVP, ECOSYSTEM DEVELOPMENT 40.00 0.00 X 291461 0 10544 VIVEK PRASAD VP, DESIGN ENGINEERING ECOSYSTEM ENABLEMENT 40.00 0.00 X 241101 0 6792 JOHN RATLIFF ED, NSTC WORKFORCE CENTER OF EXCELLENCE 40.00 0.00 X 238072 0 6154 ADELE FRANKEL SENIOR COUNSEL, IP 40.00 0.00 X 279937 0 3960 JILL BENNETT CONTROLLER 40.00 0.00 X 269414 0 9067 DANLI GUO SENIOR COUNSEL 40.00 0.00 X 241775 0 4583 SALMAN NASIR DIRECTOR OF R&D PROGRAMS 40.00 0.00 X 240149 0 7849 MARYAM COPE HEAD OF U.S. GOVERNMENT AFFAIRS 40.00 0.00 X 234636 0 7998 3774074 0 103879 56 0 1 0 DELOITTE CONSULTING LLP PO BOX 844717 DALLAS TX 75284 ERP SELECTION SERVICES 1329445 WORLD WIDE PROFESSIONAL SOLUTIONS LLC 369 BIG BAY ROAD QUEENSBURY NY 12804 PRE-CONSTRUCTION SERVICES 1189319 MORRISON & FOERSTER LLP 425 MARKET STREET SAN FRANCISCO CA 94105 LEGAL SERVICES 694718 ARNOLD & PORTER KAYE SCHOLER LLP 601 MASSACHUSETTS AVENUE NORTHWEST WASHINGTON DC 20001 LEGAL SERVICES 587836 GREENBERG TRAURIG LLP 8400 NW 36TH STREET SUITE 400 DORAL FL 33166 LEGAL SERVICES 473127 15 X 1799782 1799782 MEMBERSHIP DUES -2711768 -2711768 -2711768 298009 298009 -613977 -2711768 0 298009 X 880198 880198 245576 46654 198922 978879 478249 500630 6297 900 5397 32465 2774 29691 65521 36124 29397 492310 -296521 788831 54417 -98681 153098 326424 326424 -5000 -5000 38151 2146 36005 21950 -18016 39966 418553 4955 413598 -79 -79 -52823 -44485 -8338 311522 311522 ESTIMATED ADDITIONAL CL 78459 78459 OTHER DIRECT COSTS 4455 4455 DUES AND SUBSCRIPTIONS -37125 -66998 29873 3860150 922220 2937930 0 21789464 0 0 0 21961 0 0 0 0 0 2050866 0 0 0 0 0 0 0 23862291 0 8082610 11305554 19388164 0 X 4474127 0 4474127 0 23862291 0 -4474127 0 X 0 0 0 X 13154131 50531951 1386185 65072267 13154131 50531951 1386185 65072267 65072267 124322 298009 422331 65494598 -3019747 X 0 0 922220 922220 163333 40833 0 0 1000000 163333 1163333 1745000 50174 50174 250000 40833 290833 436250 1 TEXAS A&M ENGINEERING EXPERIMENT STATION 400 HARVEY MITCHELL PARKWAY SOUTH SUITE 300 COLLEGE STATION TX 77845 741974733 115 384209 0 WORKFORCE DEVELOPMENT AWARD THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS (UIUC) 1901 SOUTH FIRST STREET SUITE A CHAMPAIGN IL 61820 376000511 501(C)(3) 200000 0 WORKFORCE DEVELOPMENT AWARD ROCHESTER INSTITUTE OF TECHNOLOGY 25 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 160743140 501(C)(3) 295989 0 WORKFORCE DEVELOPMENT AWARD 3 0 PART I, LINE 2: THE RECIPIENT MONITORING PLAN WILL DIFFER DEPENDING ON THE ASSESSED LEVEL OF RISK, EITHER "LOW OR "HIGH". RECIPIENTS WITH A LOW ASSESSED LEVEL OF RISK ARE SUBJECTED TO THE FOLLOWING MONITORING ACTIVITIES: DETERMINE IF THE RECIPIENT WAS REQUIRED TO OBTAIN A SINGLE AUDIT OR COMPLIANCE AUDIT FOR ITS MOST RECENTLY COMPLETED FISCAL YEAR. IF YES, DETERMINE THE FOLLOWING: - THE RECIPIENT OBTAINED THE REQUIRED AUDIT. - THE AUDIT REPORTS WERE FREE OF FINDINGS. - THE RECIPIENT SUBMITTED A TIMELY RESPONSE TO THE AUDIT, INCLUDING A PLAN FOR CORRECTING ANY CONDITIONS REPORTED IN SUSTAINED FINDINGS. - AUDIT REPORTS WERE FREE OF QUESTIONED COSTS. - A CORRECTIVE ACTION PLAN WAS REQUIRED. - THE CORRECTIVE ACTION PLAN CALLS FOR THE SUBMISSION OF PROGRESS REPORTS. - DETERMINE IF THE RECIPIENT MAINTAINS RECORDS DETAILING THE IMPLEMENTATION OF ITS CORRECTIVE ACTION PLAN. - DETERMINE IF THE RECIPIENT'S RECORDS AND/OR OBSERVABLE EVIDENCE SUPPORT ITS CLAIMS TO HAVE IMPLEMENTED ITS CORRECTIVE ACTION PLAN. DETERMINE IF FINANCIAL AND PROGRAMMATIC STATUS REPORTS WERE ADEQUATE AND RECEIVED BY THE DEADLINE. DETERMINE IF THE RECIPIENT ADHERED TO A PROJECT TIMELINE ESTABLISHED WITH NATCAST (IF APPLICABLE) DETERMINE IF PAYMENT REQUESTS WERE SUBMITTED TIMELY AND WERE APPROPRIATELY DOCUMENTED. DOCUMENT DISCUSSIONS AND ANALYSIS OF ALL INSTANCES OF NONCOMPLIANCE NOTED AND THE IMPACT ON NATCAST'S AWARD. IN ADDITION TO THE MONITORING ACTIVITIES APPLIED TO LOW RISK RECIPIENTS, THE FOLLOWING ACTIVITIES WILL ALSO BE APPLIED TO HIGH RISK RECIPIENTS: USING MILESTONE PAYMENT REQUESTS, QUARTERLY, OR ANNUAL PROGRAMMATIC REPORTS SELECT A SAMPLE OF CLAIMED COSTS (WHEN APPROPRIATE), CLAIMED LEVERAGED FUNDING CONTRIBUTIONS, OR PROGRAMMATIC ACTIVITIES AND REQUEST SUPPORTING DOCUMENTATION FOR VARIOUS TYPES OF COSTS. EXAMINE THE SUPPORTING DOCUMENTATION AND DETERMINE IF IT ADEQUATELY SUPPORTS LEVERAGED FUNDING CONTRIBUTIONS REPORTED OR PROGRAM ACTIVITIES PERFORMED IN ACCORDANCE WITH NATCAST'S AWARD. ON AN ANNUAL BASIS, CONDUCT A VIRTUAL DESK REVIEW OR SITE VISIT TO EVALUATE THE RECIPIENT'S INTERNAL CONTROLS OVER NATCAST'S AWARD THAT PROVIDES REASONABLE ASSURANCE THAT THE RECIPIENT IS MANAGING THE AWARD IN COMPLIANCE WITH FEDERAL STATUTES, REGULATIONS, AND THE TERMS AND CONDITIONS OF THE AWARD. TESTS SHOULD BE CONDUCTED TO EVALUATE THE ADEQUACY OF THE DESIGN AND OPERATING EFFECTIVENESS. 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THESE GROSS UPS WERE MADE SOLELY TO COVER THE ASSOCIATED EMPLOYEE-PAID TAX OBLIGATIONS SO THAT THE INTENDED BENEFIT VALUE WOULD NOT BE REDUCED. NO OTHER TAX INDEMNIFICATION OR GROSS-UP PAYMENTS WERE PROVIDED. USED IT EQUIPMENT 2025-10-17 4500 ESTIMATED RESALE GIVING CENTER COMPUTERS WITH CAUSES 1175 SHAW AVENUE 104-135 CLOVIS CA 93612 92-1162407 USED CONFERENCE ROOM EQUIPMENT 2025-10-30 5400 PURCHASE PRICE PROSTRATUS 14 E MAIN STREET SUITE 400 SPRINGFIELD OH 45502 81-0781986 CONSULTING SERVICES 2025-11-07 13875 DISBURSEMENT AMOUNT KEN FROST 10116 SW WINDWOOD WAY PORTLAND OR 97225 ACCOUNTING SERVICES 2025-10-16 37962 DISBURSEMENT AMOUNT INNER CIRCLE SEARCH 21243 VENTURA BLVD 142 WOODLAND HILLS CA 91364 27-3400451 LEGAL SERVICES 2025-09-19 35000 DISBURSEMENT AMOUNT GELLERT SCALI BUSENKELL & BROWN LLC 1201 N ORANGE STREET SUITE 300 WILMINGTON DE 19801 46-997626 LEGAL SERVICES 2025-09-26 340367 DISBURSEMENT AMOUNT ARNOLD & PORTER KAYE SCHOLER LLP 601 MASSACHUSETTS AVENUE NORTHWEST WASHINGTON DC 20001 53-0208605 CONTRACT CONSULTING SERVICES 2025-10-15 45000 DISBURSEMENT AMOUNT DLA PIPER LLP US 650 SOUTH EXETER STREET SUITE 1100 BALTIMORE MD 21202 52-0616490 HR SERVICES 2025-10-03 40005 DISBURSEMENT AMOUNT HUMANLY RESOURCED LLC 1165 LINCOLN AVE SUITE 150-8113 SAN JOSE CA 95125 93-2878055 FINAL TRANSFER OF ASSETS 2025-11-14 237956 ESTIMATED DISBURSEMENT AMOUNT LAST MILE EDUCATION FUND 2770 ARAPAHOE ROAD SUITE 132 MB 51 LAFAYETTE CO 80026 88-0762233 OFFICE SUPPLIES 2025-10-09 550 ESTIMATED RESALE RESOURCE AREA FOR TEACHING 1355 RIDDER PARK DRIVE SAN JOSE CA 95131 77-0365627 0 0 0 0 1 1 1 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES REVIEWS THE FORM 990 PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C NATCAST MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL OF ITS TRUSTEES, CORPORATE OFFICERS AND EMPLOYEES. CONFLICTS ARE REQUIRED TO BE DISCLOSED BY A PERSON PRIOR TO OR PROMPTLY FOLLOWING SUCH PERSON BECOMING A TRUSTEE, CORPORATE OFFICER OR EMPLOYEE, AND THEREAFTER ANNUALLY AND AS A CONFLICT ARISES. FOR CONFLICTS INVOLVING A TRUSTEE OR CORPORATE OFFICER, (I) A DESIGNATED BOARD COMMITTEE REVIEWS DISCLOSURES, DETERMINES WHETHER A CONFLICT EXISTS, AND DETERMINES THE RESOLUTION OF THE CONFLICT, AND (II) THE BOARD MAY DETERMINE THE RESOLUTION OF A CONFLICT UPON REFERRAL FROM SUCH COMMITTEE. FOR CONFLICTS INVOLVING AN EMPLOYEE OTHER THAN A TRUSTEE OR CORPORATE OFFICER, (I) A DESIGNATED CONFLICTS OFFICER REVIEWS DISCLOSURES, DETERMINES WHETHER A CONFLICT EXISTS, AND DETERMINES THE RESOLUTION OF THE CONFLICT, AND (II) THE DESIGNATED COMMITTEE MAY DETERMINE THE RESOLUTION OF A CONFLICT UPON REFERRAL FROM THE CONFLICTS OFFICER. MEMBERS OF THE GOVERNING BODY WITH A CONFLICT ARE REQUIRED TO RECUSE THEMSELVES FROM DELIBERATIONS AND DECISIONS BY THE GOVERNING BODY RELATED TO THE MATTER AT ISSUE. THE POLICY IS REVIEWED PERIODICALLY AND UPDATED AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES HOLDS EXECUTIVE SESSIONS DURING THEIR PERIODIC MEETINGS. THE CEO'S COMPENSATION IS DISCUSSED IN EXECUTIVE SESSIONS DURING THE BUDGET PROCESS. THE CEO'S COMPENSATION IS DETERMINED AFTER TAKING INTO CONSIDERATION MARKET SURVEYS AND PUBLIC DISCLOSURES OF OTHER SIMILAR ORGANIZATIONS. DURING THE BUDGET PROCESS, THE BOARD OF TRUSTEES (AND/OR ITS COMPENSATION AND TALENT COMMITTEE), USING EXTERNAL DATA, REVIEWS AND APPROVES THE COMPENSATION PACKAGE FOR NEW OFFICERS AND KEY EMPLOYEES AS WELL AS ANY OF THEIR SUBSEQUENT SALARY ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 19 NATCAST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IF LEGALLY REQUIRED. PART VIII, LINE 2A MEMBERSHIP DUES NEGATIVE MEMBERSHIP DUES REVENUE AMOUNT REPRESENTS REFUNDS OF MEMBERSHIP DUES ISSUED DURING THE WIND-DOWN PERIOD REFLECTING CHANGES IN THE SERVICES PROVIDED TO MEMBERS. PART IX, NEGATIVE FUNCTIONAL EXPENSES CERTAIN EXPENSE CATEGORIES SHOW NEGATIVE BALANCES FOR THE STUB PERIOD DUE TO THE RECOGNITION OF CREDITS, REFUNDS, OR OTHER ADJUSTMENTS RELATED TO COSTS PREVIOUSLY ACCRUED OR PAID IN PRIOR REPORTING PERIODS. THESE ADJUSTMENTS WERE THE RESULT OF VENDOR NEGOTIATIONS DURING FINAL ACCOUNT CLOSE OUTS CONDUCTED AS A PART OF NATCAST'S WIND-DOWN ACTIVITIES.