LOT Network Inc
Revenue
$9.2m
year to 31 December 2024
Expenses
$8.7m
year to 31 December 2024
Total assets
$6.6m
$2.9m liabilities
Net assets
$3.7m
assets less liabilities
Directors and trustees
3
6.8 years on average
Staff
9
3 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
6
named in Part VII
LOT Network Inc's network
3 people1 organisationi3 people and 1 organisation on this map.The large node is the subject of this page. Solid lines are what the register itself records (3). Violet dotted lines (1) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
3 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 3 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| David Perry | Director | 2023 | 3 yrs |
| Hideki Sanatake | Director | 2018 | 8 yrs |
| TIM Kowalski | Director | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
6 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Ilja Bedner | Licensing Executive | since 2018 |
| John Bronsnan | Licensing Executive | since 2022 |
| Ken Seddon | CEO | since 2018 |
| Lauren Krauss | Licensing Executive | 2023 |
| Steve McDevitt | SVP, Head of Global Busine | since 2022 |
| Tyler Aroner | Licensing Executive | since 2022 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Ken Seddon | CEO | 45 | $778k | $51k | |
| John Bronsnan | Licensing Executive | 40 | $704k | ||
| Steve McDevitt | SVP Head of Global Business Development | 40 | $576k | $51k | |
| Ilja Bedner | Licensing Executive | 40 | $375k | $26k | |
| Lauren Krauss | Licensing Executive | 40 | $328k | $10k | |
| Tyler Aroner | Licensing Executive | 40 | $241k | ||
| Sam Wiley | Thought Leadership | 40 | $224k | $51k | |
| Hideki Sanatake | Director | 4 | $0 | ||
| Tim Kowalski | Director | 4 | $0 | ||
| David Perry | Director | 4 | $0 |
About
- Legal name
- Lot Network Inc
- EIN
- 465160062
- Address
- 2055 E Warner Rd, Tempe, AZ, 85284-3487
- State
- Arizona
- Mission
- Lot network promotes innovation by reducing the risk of litigation from patent assertion entities. (as filed on the Form 990)
- Activity (NTEE)
- S41 Community improvement and capacity building
- IRS classification
- 501(c)06 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 7 (IRS master file code)
- Formed
- 2014
- Principal officer
- Kenneth Seddon (as named on the Form 990)
- IRS ruling date
- 1 February 2018
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 4, latest 2023
Most connected
Longest observed on the filings
≥8years on the filingsHideki Sanatake
≥8years on the filingsTIM Kowalski
≥3years on the filingsDavid Perry
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $6.6m
- Total liabilities
- $2.9m
- Net assets or fund balances
- $3.7m
- Contributions and grants received
- $0
- Program service revenue
- $9m
- Employees
- 9
- Volunteers
- 3