2004 UNRESTRICTED NET ASSETS FOR NEEDFUL
PROVISION, INC. (NPI)
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As of 31 Dec 2004, NPI’s assets were $2,433,273.00 -------
with $17,260.00 being the depreciated value of land, buildings,
and equipment used for self-help training and the conduct of
distance education to assist impoverished and disadvantaged
populations. The remaining $2,416,013.00 is the value of 63
inventions (patents & trade secrets) donated to NPI by its
founder, David A. Nuttle. (Future values to be adjusted as needed.)
NPI’s patents and trade secrets are made available to
the public, for private and/or non-commercial use, without payment
of royalty or other fees. Selected patents and trade secrets
are licensed to social enterprises generally supporting NPI’s
mission, and these enterprises pay a royalty fee used to support
NPI’s various charitable activities. For the
purposes of valuation, required for record purposes, the assigned
value of any patent or trade secret is based on its projected
royalty income over the next 3-year period. Due to confidential
nature of technology licensing agreements, license holders are
disclosed only to those who have first signed a secrecy agreement.
U.S. Patent No. 5,121,708 and associated trade secrets, for production of algal-biodiesel and algal food/ feed supplements has an estimated value of $1,620,000.00 based on the 3-year royalty income at the rate of 03 percent of annual gross sales of biodiesel and subject supplements. The license holder is a major producer and marketer of biofuels, with the necessary contractual relationship with a food/ feed supplement marketer. (The potential global market for biodiesel is now estimated to be in excess of $21 billion annually.)
Three U.S. Patents (4,507,218 & 4,552,212 & 4,608,175), and associated trade secrets all relate to a green, passive solar, zero net energy means of home and building construction. These technologies are licensed to several groups, and being used in several areas of the world. In Indonesia, an NPI owned earthquake-proof foundation has been added to said design system. An added application for farm buildings is the addition of a biosecure method of air filtration to protect livestock and poultry; e. g. protection of poultry from exotic bird flu virus. For various applications, the 3-year royalty income is $437,000.00.
A series of NPI’s self-help patents and/or trade secrets have been licensed to various foreign manufacturers producing self-help products for Third World Villagers. This list of NPI technologies includes: 1) A solar-powered oven; 2) A solar-powered refrigerator; 3) An earth-block fabrication machine; 4) A potable water system; 5) A rainwater harvesting system; 6) A composting toilet; 7) An improvised drill-rig for water wells; 8) A production system for nutrient supplements; and 9) A bird control system to fully protect fields and orchards. The 3-year royalty income for all 9 (nine) self-help items is $243,000.00 ---with only slight variation in income between each of the said products.
NPI has also licensed its unique barter trade system (U.S.
Patent Disclosure Document No. 474849) for use in assisting
poor villagers trade surplus items/ resources as a means to
acquire self-help products needed. The 3-year royalty income,
for this new barter invention, has been calculated to be $116,013.00.
(NPI’s other inventions owned, but having no royalty income,
were assigned a zero value for purposes of financial records.)