Nonprofit · EIN 46-5160062
LOT NETWORK INC
Tax-exempt · TEMPE, AZ 85284
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,164,417 | $8,707,352 | $457,065 | $6,584,256 | $2,924,283 | $3,659,973 |
| December 31, 2023 | 990 | $7,527,054 | $6,715,612 | $811,442 | $5,973,071 | $2,625,174 | $3,347,897 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,042,075
- Investment income
- $122,342
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,455,690
- Other salaries and wages
- $3,427,021
- Salaries, compensation and benefits (total)
- $4,937,584
- Professional fundraising fees
- $0
- Legal fees
- $371,714
- Accounting fees
- $240,561
- Travel
- $533,616
Balance sheet and other
- Total assets, start of year
- $5,973,071
- Total assets, end of year
- $6,584,256
- Total liabilities, end of year
- $2,924,283
- Net assets, end of year
- $3,659,973
- Net assets without donor restrictions
- $3,659,973
- Gross receipts
- $9,164,417
- Employees
- 9
- Volunteers
- 3
- Year formed
- 2014
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEN SEDDON | CEO Officer | 45 | $777,500 | $51,000 |
| JOHN BRONSNAN | LICENSING EXECUTIVE Highest-paid employee | 40 | $704,000 | $0 |
| STEVE MCDEVITT | SVP HEAD OF GLOBAL BUSINESS DEVELOPMENT Key employee | 40 | $576,190 | $51,000 |
| ILJA BEDNER | LICENSING EXECUTIVE Highest-paid employee | 40 | $374,500 | $25,500 |
| LAUREN KRAUSS | LICENSING EXECUTIVE Highest-paid employee | 40 | $328,000 | $10,000 |
| SAM WILEY | THOUGHT LEADERSHIP Highest-paid employee | 40 | $223,980 | $51,000 |
| TYLER ARONER | LICENSING EXECUTIVE Highest-paid employee | 40 | $240,950 | $0 |
| HIDEKI SANATAKE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| TIM KOWALSKI | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DAVID PERRY | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEN SEDDON | CEO Officer | 45 | $1,407,115 | $44,400 |
| STEVE MCDEVITT | SVP, HEAD OF GLOBAL BUSINE Highest-paid employee | 40 | $469,800 | $27,600 |
| ILJA BEDNER | LICENSING EXECUTIVE Highest-paid employee | 40 | $334,000 | $44,400 |
| JOHN BRONSNAN | LICENSING EXECUTIVE Highest-paid employee | 40 | $365,000 | $0 |
| LAUREN KRAUSS | LICENSING EXECUTIVE Highest-paid employee | 40 | $262,000 | $7,920 |
| TYLER ARONER | LICENSING EXECUTIVE Highest-paid employee | 40 | $228,000 | $0 |
| HIDEKI SANATAKE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| TIM KOWALSKI | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DAVID PERRY | DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2055 E WARNER RD, TEMPE, AZ 85284-3487
- In care of
- %
- Principal officer (990 for 2024)
- KENNETH SEDDON, 2055 E WARNER ROAD STE 101, TEMPE, AZ 85284
- Signed the 990
- KENNETH SEDDON, CEO
- Phone
- (480) 839-4900
- Website
- LOTNET.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
LOT NETWORK PROMOTES INNOVATION BY REDUCING THE RISK OF LITIGATION FROM PATENT ASSERTION ENTITIES.
Program accomplishments
- CONFERENCE SPEAKING ENGAGEMENTS, MARKETING/PUBLIC RELATIONS AND WEBSITE DEVELOPMENT - EACH OF THESE ACTIVITIES HELPED PROMOTE THE MISSION OF THE ORGANIZATION TO BOTH MEMBERS AND THE GENERAL PUBLIC. DUE TO THESE EFFORTS, THE ORGANIZATION HAS BEEN REFERENCED IN NUMEROUS PUBLICATIONS AROUND THE WORLD REGARDING RISKS RELATED TO PATENT ASSERTION ENTITIES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5160062
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $6,584,256
- Income (IRS master file)
- $9,164,417
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,164,417 | $8,707,352 | $6,584,256 | IRS |
| 990 | December 2023 | $7,527,054 | $6,715,612 | $5,973,071 | XML |
| 990 | December 2022 | $6,476,636 | $6,069,942 | $3,722,374 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-5160062).
Questions about LOT NETWORK INC
- What is the EIN of LOT NETWORK INC?
- The employer identification number (EIN) of LOT NETWORK INC is 46-5160062.
- Is LOT NETWORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2018.
- Are donations to LOT NETWORK INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOT NETWORK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOT NETWORK INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOT NETWORK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LOT NETWORK INC?
- The 990 for the year ended December 31, 2024 names KENNETH SEDDON.
- Who are the officers and directors of LOT NETWORK INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 7 received compensation from the organization, the highest $777,500 (KEN SEDDON, CEO).
- How much revenue does LOT NETWORK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,164,417, expenses of $8,707,352 and total assets of $6,584,256 at year end.
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