Overview
What is Lot Network Inc?
Lot Network Inc, based in Tempe, Arizona, is a nonprofit organization primarily focused on advocating for innovation. They aim to decrease the likelihood of litigation from Patent Assertion Entities, thereby promoting a conducive environment for innovation. The organization has successfully gained recognition in various publications globally, thanks to its efforts in conference speaking engagements, marketing, public relations, and website development. With a team of 7 dedicated individuals, Lot Network Inc continues to contribute to the technological landscape, ensuring that innovators can thrive without the constant threat of patent-related litigations.
Official website here: www.lotnet.com
Is Lot Network Inc legitimate?
Lot Network Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lot Network Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $950,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,528,910
For more financial information, click here
Official website here: www.lotnet.com
What is the mission statement of Lot Network Inc?
Lot Network Inc's mission is to foster innovation by minimizing the risk of litigation from Patent Assertion Entities. By implementing strategies such as conference speaking engagements, marketing, public relations, and website development, the organization successfully promotes its mission to both its members and the general public. As a result, Lot Network Inc has gained recognition in numerous publications worldwide, discussing the risks associated with Patent Assertion Entities.
Official website here: www.lotnet.com
Who is the CEO of Lot Network Inc?
Kenneth Seddon is the Director of Lot Network Inc. The CEO's salary of Lot Network Inc is $900,000 and their total compensation is $950,400.
Official website here: www.lotnet.com
What is the revenue of Lot Network Inc?
Lot Network Inc's revenue in 2022 was $6,476,636.
Official website here: www.lotnet.com
Who are the executives of Lot Network Inc and what are their salaries?
The average compensation at Lot Network Inc during 2022 was $354,187. There are 7 employees and 3 volunteers at Lot Network Inc.
Here are 8 key members and their salaries (Lot Network Inc's CEO's salary is $900,000 and their total compensation is $950,400):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $900,000
- Related: $0
- Other: $50,400
- Compensation: $419,000
- Related: $0
- Other: $50,400
- Compensation: $329,812
- Related: $0
- Other: $0
- Compensation: $363,000
- Related: $0
- Other: $0
- Compensation: $123,077
- Related: $0
- Other: $0
Official website here: www.lotnet.com
Where can I find the form 990 for Lot Network Inc?
Lot Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lotnet.com
Learn more at the official website: www.lotnet.com
Mission Statement of Lot Network Inc
Lot Network Inc, a prominent entity, aims to foster innovation by minimizing the risk of litigation from Patent Assertion Entities. By promoting this mission, the organization seeks to create a conducive environment for innovation, shielding its members from potential legal disputes related to patents. Their efforts have extended beyond their membership base, gaining recognition in numerous publications worldwide, highlighting the risks associated with Patent Assertion Entities. Through conference speaking engagements, marketing and public relations activities, and website development, Lot Network Inc successfully communicates and implements its mission, protecting innovators and fostering a thriving technological landscape.
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Impact
October, 2024
Lot Network Inc plays a crucial role in fostering innovation by mitigating the threat of litigation posed by patent assertion entities. By actively engaging in conference speaking engagements, marketing, public relations, and website development, the organization raises awareness about the risks associated with patent assertion. These efforts not only benefit its members but also educate the general public, leading to a wider understanding of the challenges in the innovation landscape.
Lot Network Inc's influence can be seen in its recognition in various global publications, which highlights its pivotal role in addressing the concerns surrounding patent litigation. By promoting innovative practices and reducing the legal uncertainties faced by inventors and businesses, Lot Network encourages a more conducive environment for technological advancement and creativity. This impact extends beyond legal defense, fostering community improvement and reinforcing the importance of safeguarding intellectual property rights in today's rapidly evolving marketplace.
This information is meant to be a general summary of Lot Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $81
- Program Service Revenue: $6,476,555
- Gross Receipts: $6,476,636
Assets and Liabilities:
- Total Assets: $3,722,374
- Total Liabilities: $1,185,919
- Net Assets: $2,536,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
USER FEES
Revenue
$6,405,530
SPONSORSHIPS
Revenue
$62,500
REGISTRATION FEES
Revenue
$8,525
Organization Details
Founding Year
2014
Phone
(480) 839-4900Principal Officer
Kenneth Seddon
Main Address
2055 E WARNER ROAD STE 101, TEMPE, AZ, 85284
Website
www.lotnet.comNTEE Category
Code: S41 - Community improvement
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