Natcast INC FY2024 filing

Sunnyvale, CAUnknown exempt organizationSince 2023 EIN 93-4007133Revenue $13.2M in FY2024Latest return filed Nov 14, 2025

On file with the IRSnatcast.orgSunnyvale, 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.

54¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · 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
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.7M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.2M
Spent
$13.3M
To programs
54%
Net assets
−$137K
By yearFY2024–FY2025
Revenue
$13.2M
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$13.2M
FY2025$55.8M
Expenses
$13.3M
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$13.3M
FY2025$51.2M
Net assets
−$137K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024−$137K
FY2025$4.5M

From the FY2024 Form 990 (year ending September 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

54 cents of each dollar spent went to programs.

Program services 54% · $7.1M Management & general 46% · $6.2M

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Executive Officer
$0Pt VII · Sec A
Trustee (former Chief Executive Officer)
$0Pt VII · Sec A
Trustee (former Secretary)
$0Pt VII · Sec A
Trustee, Treasury
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Natcast INC executive salaries →

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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3 programs · $5.5M · in their own filed words · FY2023
01

Membership and public engagementon september 30, 2024, natacast officially launched the national semiconductor technology center (NSTC) membership program. The public-private consortium bolsters the U.S. Semiconductor industry with a focus on innovation, collaboration, and education.

$3.1Mprogram expense
02

Workforce developmentfunding of $16,763,074 and $3,825,385 were awarded to natcast to begin work on developing core initiatives and developing organization capabilities. One of these initiatives involved developing a workforce development center of excellence that would solicit proposals from institutions of learning and organizations in…

$1.5Mprogram expense
03

Research and developmentfunding of $16,763,074 and $3,825,385 were awarded to natcast to begin work on developing core initiatives and developing organization capabilities. One of these initiatives involved developing an early research program that would solicit proposals from semi-conductor organization to complete research on certain…

$894Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$13.2M
Ln 12
Gifts and grantsLn 1h$13.2M
Fees for servicesLn 2g$30K
Money outPt IX
$13.3M
Ln 25
Programscol B$7.1M
Managementcol C$6.2M
Owns and owesPt X
−$137K
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$5.6M
LiabilitiesLn 26$5.7M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.2M
Government grantsLn 1e$13.2M
Fees for servicesLn 2g$30K
Total revenueLn 12$13.2M
Assets in detailPt X, end of year
CashLn 1$4.6M
Cash and savings togetherLn 1–2$4.6M
Accounts receivableLn 4$502K
Prepaid expenses and deferred chargesLn 9$426K
Total assetsLn 16$5.6M
LiabilitiesLn 26$5.7M
Net assetsLn 32−$137K
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 FY24End FY24
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$0$5.6M
LiabilitiesLn 26$0$5.7M
Net assetsLn 32$0−$137K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$385K$49K$336K
Other salaries and wagesLn 7$1.9M$678K$1.2M
Pension plan contributionsLn 8$47K$20K$27K
Other employee benefitsLn 9$114K$57K$57K
Payroll taxesLn 10$141K$56K$85K
Management feesLn 11a$8.5M$5.6M$2.8M
Legal feesLn 11b$869K$145K$724K
Accounting feesLn 11c$474K$474K
Advertising and promotionLn 12$171K$171K
Office expensesLn 13$161K$76K$85K
Information technologyLn 14$37K$17K$20K
TravelLn 17$138K$92K$46K
Conferences, conventions and meetingsLn 19$138K$138K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$239K$4K$236K
Total functional expensesLn 25$13.3M$7.1M$6.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 14, 2025 $55.8M$51.2M$4.6M$4.5M 990 PDF
FY2024 ViewingFiled with the IRS Aug 15, 2025 $13.2M$13.3M−$137K−$137K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $13,183,776 revenue, 12 lines filed
I-8 Contributions and grants$13,154,131
I-9 Program service revenue$29,645
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$13,183,776
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$2,606,633
I-16a Professional fundraising fees$0
I-17 Other expenses$10,714,354
I-18 Total expenses$13,320,987
I-19 Revenue less expenses−$137,211
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
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 $13,183,776 across 4 lines filed
VIII-1e Government grants$13,154,131
VIII-1h Total contributions, gifts and grants$13,154,131
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,645$29,645
VIII-12 Total revenueRelated to mission $29,645 · Unrelated business $0 · Excluded from tax $0$13,183,776
Part IX · Statement of functional expenses $13,320,987 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $48,785 · Management $336,004$384,789
IX-7 Other salaries and wagesPrograms $678,335 · Management $1,241,155$1,919,490
IX-8 Pension plan contributionsPrograms $20,354 · Management $26,531$46,885
IX-9 Other employee benefitsPrograms $56,886 · Management $57,091$113,977
IX-10 Payroll taxesPrograms $56,199 · Management $85,293$141,492
IX-11a Management feesPrograms $5,624,823 · Management $2,835,912$8,460,735
IX-11b Legal feesPrograms $145,308 · Management $723,749$869,057
IX-11c Accounting feesManagement $474,076$474,076
IX-12 Advertising and promotionPrograms $170,895$170,895
IX-13 Office expensesPrograms $76,309 · Management $84,657$160,966
IX-14 Information technologyPrograms $16,731 · Management $20,054$36,785
IX-17 TravelPrograms $91,701 · Management $46,280$137,981
IX-19 Conferences, conventions and meetingsPrograms $138,493$138,493
IX-23 InsuranceManagement $26,211$26,211
IX-24 Other expenses (24a–d)Programs $3,538 · Management $235,617$239,155
IX-25 Total functional expensesPrograms $7,128,357 · Management $6,192,630 · Fundraising $0$13,320,987
Part X · Balance sheet $5,557,823 assets, 10 lines filed
X-1 Cash, non-interest-bearing$4,629,339
X-4 Accounts receivable$502,412
X-9 Prepaid expenses and deferred charges$426,072
X-16 Total assetsStart of year $0$5,557,823
X-17 Accounts payable and accrued expenses$3,677,068
X-19 Deferred revenue$2,017,966
X-26 Total liabilitiesStart of year $0$5,695,034
X-27 Net assets without donor restrictionsStart of year $0−$137,211
X-32 Total net assets or fund balancesStart of year $0−$137,211
X-33 Total liabilities and net assetsStart of year $0$5,557,823
Part XI · Reconciliation of net assets −$137,211 net assets at year end
XI-1 Total revenue$13,183,776
XI-2 Total expenses$13,320,987
XI-3 Revenue less expenses−$137,211
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$137,211

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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