Natcast INC

Sunnyvale, CAUnknown exempt organizationSince 2023 EIN 93-4007133Revenue $55.8M in FY2025

On file with the IRSnatcast.org111 W Java Drive · Sunnyvale, CA

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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.

2¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 2
filings with a surplus
Average surplus $2.2M a year · 6% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
2%
of spending
Concern: 2% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.8M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55.8M
+323% vs prior year
Spent
$51.2M
To programs
2%
Net assets
$4.5M
By yearFY2024–FY2025
Revenue
$55.8M
FY2025▲ +323%
Tap a bar for its year
Revenue by fiscal year
FY2024$13.2M
FY2025$55.8M
Expenses
$51.2M
FY2025▲ +284%
Tap a bar for its year
Expenses by fiscal year
FY2024$13.3M
FY2025$51.2M
Net assets
$4.5M
FY2025▲ ×35
Tap a bar for its year
Net assets by fiscal year
FY2024−$137K
FY2025$4.5M

From the FY2025 Form 990 (year ending September 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

2 cents of each dollar spent went to programs.

Program services 2% · $922K Management & general 6% · $2.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $3.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer
$761,540Pt VII · Sec A
Chief Financial Officer
$378,192Pt VII · Sec A
SVP, Reasearch
$334,615Pt VII · Sec A
SVP, Ecosystem Development
$291,461Pt VII · Sec A
Senior Counsel, IP
$279,937Pt VII · Sec A
Controller
$269,414Pt VII · Sec A
General Counsel, Secretary
$263,182Pt VII · Sec A
Senior Counsel
$241,775Pt VII · Sec A
See Natcast 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 15aYes

Programs and updates

Operates the National Semiconductor Technology Center to advance chip research and manufacturing.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2024
01

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.

$916Kprogram expense
02

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.

$154Kprogram expense
03

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.

$33Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $880K · 2024–2024
Texas A&m Engineering Experiment StationFY2024$384,209

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$55.8M
Ln 12
Other incomeLn 4–11$53.7M
Gifts and grantsLn 1h$1.8M
Investment incomeLn 3$298K
Money outPt IX
$51.2M
Ln 25
Programscol B$922K
Managementcol C$2.9M
Owns and owesPt X
$4.5M
net assets · Ln 32
Total assetsLn 16$23.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
21
listed · VII A
PaidVII A12
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$1.8M
Fees for servicesLn 2g−$2.7M
Investment incomeLn 3$298K
Other incomeLn 4–11$53.7M
Total revenueLn 12$55.8M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$23.9M
LiabilitiesLn 26$0
Net assetsLn 32$4.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderSeptember
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$21.8M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$23.9M$0
LiabilitiesLn 26$19.4M$0
Net assetsLn 32$4.5M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$880K$880K
Pay of current officers, directors and key staffLn 5$246K$47K$199K
Other salaries and wagesLn 7$979K$478K$501K
Pension plan contributionsLn 8$6K$900$5K
Other employee benefitsLn 9$32K$3K$30K
Payroll taxesLn 10$66K$36K$29K
Management feesLn 11a$492K−$297K$789K
Legal feesLn 11b$54K−$99K$153K
Accounting feesLn 11c$326K$326K
Lobbying feesLn 11d−$5K−$5K
Office expensesLn 13$38K$2K$36K
Information technologyLn 14$22K−$18K$40K
OccupancyLn 16$419K$5K$414K
TravelLn 17−$79−$79
Conferences, conventions and meetingsLn 19−$53K−$44K−$8K
InsuranceLn 23$312K$312K
Other expenses (24a–d)Ln 24$46K−$67K$113K
Total functional expensesLn 25$3.9M$922K$2.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $55.8M$51.2M$4.6M$4.5M 990 PDF
FY2024 $13.2M$13.3M−$137K−$137K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary −$613,977 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,531,951$1,799,782
I-9 Program service revenuePrior year $5,136,291−$2,711,768
I-10 Investment incomePrior year $124,322$298,009
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $55,792,564−$613,977
I-13 Grants and similar amounts paidPrior year $10,131,121$880,198
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,492,885$1,328,738
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,557,220$1,651,214
I-18 Total expensesPrior year $51,181,226$3,860,150
I-19 Revenue less expensesPrior year $4,611,338−$4,474,127
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue −$613,977 across 5 lines filed
VIII-1e Government grants$1,799,782
VIII-1h Total contributions, gifts and grants$1,799,782
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission −$2,711,768−$2,711,768
VIII-3 Investment incomeExcluded from tax $298,009$298,009
VIII-12 Total revenueRelated to mission −$2,711,768 · Unrelated business $0 · Excluded from tax $298,009−$613,977
Part IX · Statement of functional expenses $3,860,150 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $880,198$880,198
IX-5 Pay of current officers, directors and key staffPrograms $46,654 · Management $198,922$245,576
IX-7 Other salaries and wagesPrograms $478,249 · Management $500,630$978,879
IX-8 Pension plan contributionsPrograms $900 · Management $5,397$6,297
IX-9 Other employee benefitsPrograms $2,774 · Management $29,691$32,465
IX-10 Payroll taxesPrograms $36,124 · Management $29,397$65,521
IX-11a Management feesPrograms −$296,521 · Management $788,831$492,310
IX-11b Legal feesPrograms −$98,681 · Management $153,098$54,417
IX-11c Accounting feesManagement $326,424$326,424
IX-11d Lobbying feesPrograms −$5,000−$5,000
IX-13 Office expensesPrograms $2,146 · Management $36,005$38,151
IX-14 Information technologyPrograms −$18,016 · Management $39,966$21,950
IX-16 OccupancyPrograms $4,955 · Management $413,598$418,553
IX-17 TravelPrograms −$79−$79
IX-19 Conferences, conventions and meetingsPrograms −$44,485 · Management −$8,338−$52,823
IX-23 InsuranceManagement $311,522$311,522
IX-24 Other expenses (24a–d)Programs −$66,998 · Management $112,787$45,789
IX-25 Total functional expensesPrograms $922,220 · Management $2,937,930 · Fundraising $0$3,860,150
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $21,789,464$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $21,961$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,050,866$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $23,862,291$0
X-26 Total liabilitiesStart of year $19,388,164$0
X-27 Net assets without donor restrictionsStart of year $4,474,127$0
X-32 Total net assets or fund balancesStart of year $4,474,127$0
X-33 Total liabilities and net assetsStart of year $23,862,291$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue−$613,977
XI-2 Total expenses$3,860,150
XI-3 Revenue less expenses−$4,474,127
XI-4 Net assets at start of year$4,474,127
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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