Object Management Group Inc
- Assets
- $2.4m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 37
- Location
- Milford, MA
- Founding
- 08/1990
- Data as of
- 03/2022
- EIN
- 04-3047994
Organization Overview
Object Management Group Inc is located in Milford, MA. The organization was established in 1990. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2022, Object Management Group Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Object Management Group Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Object Management Group Inc generated $6.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $7.6m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION IS: TO PROMOTE OJECT-ORIENTED APPLICATIONS INTEGRATION BASED ON APPROPRIATE INDUSTRY STANDARDS, A MODEL- DRIVEN ARCHITECTURAL APPROACH TO SOFTWARE DESIGN AND THE APPLICATION OF MODELING AND MIDDLEWARE TECHNOLOGY TO SPECIFIC VIRTUAL MARKETS; TO FOSTER BUILDING COMMUNITIES IN MODERN COMPUTING TECHOLOGY; TO PROMOTE FRAMEWORKS FOR COMPATIBLE AND INDEPENDENT DEVELOPMENT OF APPLICATIONS; TO ENABLE COORDINATION AMONG APPLICATIONS ACROSS HETEROGENEOUS NETWORKED SYSTEMS IN A MULTINATIONAL, MULTILINGUAL ENVIRONMENT; TO ADOPT A CORE OF SPECIFICATIONS THAT COMPLY WITH THESE FRAMEWORKS AND TO PROMOTE THEIR INTERNATIONAL MARKET ACCEPTANCE AND USE; TO ACTIVELY INFLUENCE THE FUTURE DIRECTION AND DEVELOPMENT OF THESE ADOPTED SPECIFICATIONS; AND TO FOSTER THE DEVELOPMENT OF TOOLS AND APPLICATIONS THAT CONFORM TO THESE SPECIFICATIONS AND TO PROVIDE A MECHANISM FOR CERTIFYING COMPLIANCE WITH ADOPTED SPECIFICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVELOPS AND PROMOTES STANDARDS FOR A HETEROGENEOUS OPERATING ENVIRONMENT BASED UPON OBJECT ORIENTED PROGRAMMING. OVER 440 MEMBERS ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Soley Chair/ceo/tr | OfficerTrustee | 40 | $452,085 |
William Hoffman Pres/coo/sec | OfficerTrustee | 40 | $446,434 |
Stephen Mellor Chief Tech. | Officer | 40 | $296,346 |
Howard Kradjel Chief Of Sta | 40 | $231,487 | |
Daniel Isaacs Vp/technical | 40 | $193,499 | |
Jason Smith Vp/technical | Officer | 40 | $172,627 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Highland Consulting Group Consulting | 3/30/20 | $106,500 |
Morse Barnes-brown Pendleton Legal | 3/30/20 | $172,188 |
Charles River Consulting Consulting | 3/30/20 | $220,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $617,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $617,515 |
| Total Program Service Revenue | $6,185,405 |
| Investment income | $168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,803,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,819,493 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,372,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $348,118 |
| Payroll taxes | $272,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,112 |
| Fees for services: Accounting | $67,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $264 |
| Advertising and promotion | $0 |
| Office expenses | $1,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,703 |
| Travel | $47,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $603,451 |
| Interest | $8,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,481 |
| Insurance | $55,788 |
| All other expenses | $197,195 |
| Total functional expenses | $7,574,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,010,264 |
| Savings and temporary cash investments | $160,638 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $433,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $280,439 |
| Net Land, buildings, and equipment | $481,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,365,622 |
| Accounts payable and accrued expenses | $1,819,918 |
| Grants payable | $0 |
| Deferred revenue | $2,471,640 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $639,200 |
| Total liabilities | $5,080,758 |
| Net assets without donor restrictions | -$2,715,136 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,365,622 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fuller Road Management Corporation Albany, NY | $601,969,946 | $4,855,956 |
Object Management Group Inc Milford, MA | $2,365,622 | $6,803,088 |
New York City Industrial Technology Assistance Corporation New York, NY | $2,890,075 | $3,091,612 |
Metro Iaf Inc Jamaica, NY | $14,740,906 | $11,706,994 |
Long Island Builders Institute Inc Islandia, NY | $791,681 | $1,652,443 |
Callahan Management Training Center Inc Syracuse, NY | $786,025 | $1,731,889 |
Builders Exchange Inc Rochester, NY | $3,756,209 | $1,721,485 |
Vision Ed Inc Brooklyn, NY | $327,242 | $1,213,822 |
Empire State Supervisors & Administrators Association Lincolndale, NY | $610,477 | $805,943 |
International Caterers Association Educational Foundation Staten Island, NY | $957,406 | $726,001 |
Vermont Fuel Dealers Association Berlin, VT | $796,983 | $550,367 |
Continuum Management Corporation New Haven, CT | $7,811,943 | $599,107 |