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Nfc Forum INC

Not tax-deductible

Wakefield, MA501(c)(6)Since 2004Community Development EIN 20-1752543Revenue $1.4M in FY2025

On file with the IRSnfc-forum.org401 Edgewater Pl Ste 600, 01880-6200 · Wakefield, MATax-exempt since Mar 2006

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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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $30K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$722K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-7% vs prior year
Spent
$1.7M
Net assets
$624K
By yearFY2020–FY2025
Revenue
$1.4M
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.5M
FY2022$1.6M
FY2023$1.5M
FY2024$1.5M
FY2025$1.4M
Expenses
$1.7M
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.6M
FY2023$1.5M
FY2024$1.8M
FY2025$1.7M
Net assets
$624K
FY2025▼ -29%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2024$882K
FY2025$624K

From the FY2025 Form 990 (year ending October 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jean-Remi Ruiz
Vice-Chair
$0Pt VII · Sec A
Michael Stark
Vice-Chair
$0Pt VII · Sec A
Yo Tabayashi
Treasurer
$0Pt VII · Sec A
See Nfc Forum INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes Near Field Communication technology through standards, interoperability, and education.

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1 program · in their own filed words · FY2024
01

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.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$34K
Other incomeLn 4–11$120
Money outPt IX
$1.7M
Ln 25
Owns and owesPt X
$624K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$722K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$34K
Other incomeLn 4–11$120
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$380K
SavingsLn 2$925K
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$722K
Net assetsLn 32$624K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.6M$1.3M
Total assetsLn 16$1.7M$1.3M
LiabilitiesLn 26$776K$722K
Net assetsLn 32$882K$624K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$401K
Legal feesLn 11b$36K
Accounting feesLn 11c$2K
Advertising and promotionLn 12$171K
Office expensesLn 13$20
Conferences, conventions and meetingsLn 19$209K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$586K
All other expensesLn 24e$259K
Total functional expensesLn 25$1.7M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.4M$1.7M−$257K$624K 990 PDF
FY2024 $1.5M$1.8M−$261K$882K 990 PDF
FY2023 $1.5M$1.5M$62K$1.1M 990 PDF
FY2022 $1.6M$1.6M$5K$1.1M 990 PDF
FY2021 $1.5M$1.5M$62K$1.1M 990 PDF
FY2020 $1.8M$1.6M$209K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,409,208 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,476,828$1,374,903
I-10 Investment incomePrior year $32,210$34,185
I-11 Other revenue$120
I-12 Total revenuePrior year $1,509,038$1,409,208
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,770,167$1,666,567
I-18 Total expensesPrior year $1,770,167$1,666,567
I-19 Revenue less expensesPrior year −$261,129−$257,359
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,409,208 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,374,903$1,374,903
VIII-3 Investment incomeExcluded from tax $34,185$34,185
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $120$120
VIII-12 Total revenueRelated to mission $1,375,023 · Excluded from tax $34,185$1,409,208
Part IX · Statement of functional expenses $1,666,567 across 9 lines filed
IX-11a Management fees$400,800
IX-11b Legal fees$36,377
IX-11c Accounting fees$2,000
IX-12 Advertising and promotion$171,000
IX-13 Office expenses$20
IX-19 Conferences, conventions and meetings$209,336
IX-23 Insurance$2,525
IX-24 Other expenses (24a–d)$585,733
IX-24e All other expenses$258,776
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,666,567
Part X · Balance sheet $1,346,287 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $430,894$379,817
X-2 Savings and temporary cash investmentsStart of year $1,184,544$924,730
X-4 Accounts receivableStart of year $39,285$41,530
X-9 Prepaid expenses and deferred chargesStart of year $2,735$210
X-16 Total assetsStart of year $1,657,458$1,346,287
X-17 Accounts payable and accrued expensesStart of year $179,637$135,811
X-19 Deferred revenueStart of year $398,167$453,208
X-25 Other liabilitiesStart of year $198,027$133,000
X-26 Total liabilitiesStart of year $775,831$722,019
X-27 Net assets without donor restrictionsStart of year $881,627$624,268
X-32 Total net assets or fund balancesStart of year $881,627$624,268
X-33 Total liabilities and net assetsStart of year $1,657,458$1,346,287
Part XI · Reconciliation of net assets $624,268 net assets at year end
XI-1 Total revenue$1,409,208
XI-2 Total expenses$1,666,567
XI-3 Revenue less expenses−$257,359
XI-4 Net assets at start of year$881,627
XI-10 Net assets at end of year$624,268

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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