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Lot Network Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$6.48M (2022)

Expenses
$6.07M (2022)

Total Assets
$3.72M (2022)

Total Liabilities
$1.19M (2022)

Source: Form 990 tax filings from 2015 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,476,636
Expenses
$6,069,942
Net Income
$406,694
Net Assets
$2,536,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,476,555
100.0%
Investment Income $81
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $950,400
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,528,910
25.2%
Assets/Debt
Total Assets $3,722,374
Total Liabilities $1,185,919
Net Assets $2,536,455
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ken Seddon (Ceo) $900,000 $0 $50,400
Ilja Bedner (Licensing Executive) $419,000 $0 $50,400
John Bronsnan (Licensing Executive) $363,000 $0 $0
Steve Mcdevitt (Svp, Head Of Global Busine) $329,812 $0 $0
Tyler Aroner (Licensing Executive) $123,077 $0 $0
Hideki Sanatake (Director) $0 $0 $0
Patrick Mcbride (Director) $0 $0 $0
Tim Kowalski (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,062,730
Expenses
$4,076,070
Net Income
$986,660
Net Assets
$2,129,761
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,062,682
100.0%
Investment Income $48
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $504,400
12.4%
Professional Fundraising Fees $0
Other Salaries and Wages $774,740
19.0%
Assets/Debt
Total Assets $4,405,027
Total Liabilities $2,275,266
Net Assets $2,129,761
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ken Seddon (Ceo) $450,000 $0 $50,400
Ilja Bedner (Licensing Executive) $410,250 $0 $50,400
John Bronsnan (Licensing Executive) $333,000 $0 $0
Steve Mcdevitt (Svp, Head Of Global Business) $240,389 $0 $0
Andrew Block (Licensing Executive) $150,000 $0 $0
Hideki Sanatake (Director) $0 $0 $0
Patrick Mcbride (Director) $0 $0 $0
Tim Kowalski (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,740,667
Expenses
$3,463,469
Net Income
$277,198
Net Assets
$1,143,101
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,740,339
100.0%
Investment Income $328
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $504,400
14.6%
Professional Fundraising Fees $0
Other Salaries and Wages $782,321
22.6%
Assets/Debt
Total Assets $2,753,990
Total Liabilities $1,610,889
Net Assets $1,143,101
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ken Seddon (Ceo) $450,000 $0 $54,400
Ilja Bedner (Licensing Executive) $356,000 $0 $54,400
John Bronsnan (Licensing Executive) $241,250 $0 $0
Hideki Sanatake (Director) $0 $0 $0
Patrick Mcbride (Director) $0 $0 $0
Tim Kowalski (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,012,168
Expenses
$3,276,170
Net Income
-$264,002
Net Assets
$865,903
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,011,814
100.0%
Investment Income $354
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $748,000
22.8%
Professional Fundraising Fees $0
Other Salaries and Wages $194,999
6.0%
Assets/Debt
Total Assets $1,957,892
Total Liabilities $1,091,989
Net Assets $865,903
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ken Seddon (Ceo) $619,503 $0 $36,000
Ilja Bedner (Licensing Executive) $324,584 $0 $30,682
Hideki Sanatake (Director) $0 $0 $0
Michael Cunningham (Director) $0 $0 $0
Tim Kowalski (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,715,579
Expenses
$2,439,855
Net Income
-$724,276
Net Assets
$1,129,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,714,856
100.0%
Investment Income $723
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $575,625
23.6%
Professional Fundraising Fees $0
Other Salaries and Wages $100,000
4.1%
Assets/Debt
Total Assets $2,004,194
Total Liabilities $874,289
Net Assets $1,129,905
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Ken Seddon (Ceo) $410,577 $0 $36,625
Ilja Bedner (Licensing Executive) $206,750 $0 $27,295
Hideki Sanatake (Director) $0 $0 $0
Michael Cunningham (Director) $0 $0 $0
Tim Kowalski (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,023,477
Expenses
$1,751,112
Net Income
-$727,635
Net Assets
$1,854,181
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,022,474
99.9%
Investment Income $1,003
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $575,000
32.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,266,888
Total Liabilities $412,707
Net Assets $1,854,181
Compensation
Key Employees and Officers Compensation Related Other
Ken Seddon (Ceo) $484,000 $0 $91,000
Hideki Sanatake (Director) $0 $0 $0
Michael Cunningham (Director) $0 $0 $0
Tim Kowalski (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,528,102
Expenses
$1,365,000
Net Income
$1,163,102
Net Assets
$2,581,816
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,100,000
83.1%
Program Services $427,026
16.9%
Investment Income $1,076
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $595,677
43.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,930,377
Total Liabilities $348,561
Net Assets $2,581,816

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,374,078
Expenses
$935,335
Net Income
$438,743
Net Assets
$1,418,714
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,160,000
84.4%
Program Services $213,499
15.5%
Investment Income $579
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $402,789
43.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,612,811
Total Liabilities $194,097
Net Assets $1,418,714

Document Links

Fiscal Year Ending Dec.
2014

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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