Cause IQ organization profile

Near Field Communication Forum (NFC)

NFC is a trade / professional association based in Wakefield, MA that was founded in 2004. As of 2018 they had $1.8 million in revenue and $1.5 million in assets.

The Near Field Communication Forum is a non-profit industry assoc.iation that promotes the use of NFC short-range wireless interaction in consumer electronics.

Previous legal names or variations of their name include: Nfc Forum.

EIN:

20-1752543

City:

Wakefield

State:

Massachusetts

Metro:

Boston-Cambridge-Newton, MA-NH

Website:

nfc-forum.org

Facebook:

facebook.com/nfcforum

Twitter:

@nfcforum

Founded:

2004

Type:

501(c)(6)

NTEE:

S41: Trade / professional associations and chambers of commerce

Revenue:

$1,825,977

Assets:

$1,592,953

Employees:

Fiscal year end:

October

Revenue trends:

Asset trends:

Program areas at NFC

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.

Form 990s for NFC

Fiscal year ending	Date received by IRS	Form	PDF link
2018-10	Oct 28, 2019	990	View PDF
2017-10	Nov 15, 2018	990	View PDF
2016-10	Nov 8, 2017	990O	View PDF
2015-10	Aug 16, 2016	990O	View PDF
2014-10	Jun 25, 2015	990O	View PDF
...and four more Form 990 PDFs

Financials for NFC

Field	2018	2017
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$0	$0

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Program services	$1,820,404	$1,935,142	-5.9%
Investment income and dividends	$5,573	$6,098	-8.6%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$1,825,977	$1,941,240	-5.9%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$240,777	$214,795	12.1%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$98,081	$110,489	-11.2%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$0	$0
Payroll taxes	$0	$0
Management fees	$315,060	$331,564	-5.0%
Legal fees	$15,891	$15,588	1.9%
Accounting fees	$2,055	$13,002	-84.2%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$0	$0
Advertising and promotion	$0	$0
Office expenses	$18,780	$20,718	-9.4%
Information tech. expenses	$0	$0
Royalty expenses	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$221,222	$333,818	-33.7%
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$0	$0
Insurance	$2,387	$2,228	7.1%
All other expenses	$803,687	$958,421	-16.1%
Total expenses	$1,717,940	$2,000,623	-14.1%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$280,587	$63,143	344.4%
Savings, short-term investments, etc.	$1,117,609	$1,112,036	0.5%
Pledges and grants receivable	$0	$0
Accounts receivable	$121,752	$159,895	-23.9%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$58,005	$28,961	100.3%
Buildings, equipment, etc. post-depreciation	$0	$0
Investments, publicly traded securities	$0	$0
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$15,000	$21,900	-31.5%
Total assets	$1,592,953	$1,385,935	14.9%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$180,650	$136,969	31.9%
Grants payable	$0	$0
Deferred revenue	$665,628	$621,136	7.2%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$100,848	$90,040	12.0%
Total liabilities	$947,126	$848,145	11.7%

Field	2018	2017	% Change
Unrestricted net assets	$645,827	$537,790	20.1%
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for NFC

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2020-08-14
█████ ███ ███████ ███	Tax accounting		2019-10-28
███████ ███	Management Fees	$823,271	2018-10-01
██████ ████	Consulting	$205,622	2018-10-01

Personnel at NFC

Name	Title	Compensation	Most recent data
Laurent Sourgen	Treasurer	$0	Oct. 28, 2019
Koichi Tagawa	Chairman	$0	Jan. 10, 2019
█████ ██████	Executive Dir.	$193,650	Jan. 10, 2019
█████ ██████████	Secretary	$0	Jan. 10, 2019

Peer trade / professional associations and chambers of commerce

	Name	Type	Revenue	Location
1	Beer Distributors of Massachusetts	501(c)(6)	$850,470	Boston, MA
2	Massachusetts State Automobile Dealers Association (MSADA)	501(c)(6)	$2.4 million	Boston, MA
3	New England Concrete Masonry Association	501(c)(6)	$825,466	Manchaug, MA
4	Builders and Remodelers Association of Greater Boston Bragb (BRAGB)	501(c)(6)	$577,418	Canton, MA
5	Massachusetts Energy Marketers Association	501(c)(6)	$677,789	Burlington, MA
6	Kantara Initiative	501(c)(6)	$506,783	Wakefield, MA
7	Anna Exhibitors Group	501(c)(6)	$577,226	Uxbridge, MA
8	Home Builders and Remodelers Association	501(c)(6)	$994,116	Springfield, MA
9	Northeast Energy and Commerce Association	501(c)(6)	$496,115	Needham, MA
10	Massachusetts Mortgage Bankers Association	501(c)(6)	$885,455	Boston, MA
11	The Art and Creative Materials Institute (ACMI)	501(c)(6)	$1.6 million	Hingham, MA
12	New England Fuel Institute (NEFI)	501(c)(6)	$1.2 million	Southborough, MA
13	New England Cable & Telecommunications Association (NECTA)	501(c)(6)	$2.6 million	Braintree, MA
14	National Retail Tenants Association	501(c)(6)	$510,299	East Longmeadow, MA
15	International District Energy Association (IDEA)	501(c)(6)	$4.6 million	Westborough, MA
16	Wine and Spirits Wholesalers of Connecticut	501(c)(6)	$802,375	Norwalk, CT
17	California Hotel & Lodging Association	501(c)(6)	$3.3 million	Sacramento, CA
18	Inland Press Association	501(c)(6)	$782,430	Des Plaines, IL
19	RFG Survey Association (RFGSA)	501(c)(6)	$4.6 million	Salem, VA
20	Lincoln Park Chamber of Commerce	501(c)(6)	$1.2 million	Chicago, IL
21	National Pawnbrokers Association (NPA)	501(c)(6)	$1.7 million	Keller, TX
22	Sematech	501(c)(6)	$2.1 million	Albany, NY
23	National Bicycle Dealers Association (NBDA)	501(c)(6)	$1.2 million	Irvine, CA
24	Home Builders and Remodelers of Central New York	501(c)(6)	$975,132	Syracuse, NY
25	Texas Statewide Telephone Cooperative	501(c)(6)	$1.3 million	Austin, TX

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Cause IQ organization profile

Near Field Communication Forum (NFC)

Program areas at NFC

Form 990s for NFC

Financials for NFC

Vendors for NFC

Personnel at NFC

Peer trade / professional associations and chambers of commerce

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