Mipi Alliance Inc
- Assets
- $8.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Piscataway, NJ
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 20-0748279
Organization Overview
Mipi Alliance Inc is located in Piscataway, NJ. The organization was established in 2006. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mipi Alliance 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 12/2023, Mipi Alliance Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, IMPROVE AND REPRESENT THE COMMON BUSINESS INTERESTS AND IMPROVE THE BUSINESS CONDITIONS OF COMPANIES IN THE MULTI MEDIA ENHANCED MOBILE DEVICE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVER AND SUPPORT SOLUTIONS FOR THE MULTI-MEDIA ENHANCED MOBILE DEVICE INDUSTRY THAT WILL PROMOTE A FASTER AND BROADER ADOPTION OF MULTI-MEDIA ENHANCED MOBILE DEVICES BY DEFINING, DEVELOPING, AND PROMOTING MIPI SPECIFICATIONS THAT CAN BE WIDELY ADOPTED IN ORDER TO ENHANCE DEMAND FOR PRODUCTS THAT IMPLEMENT MIPI SPECIFICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjiv Desai Chairman/director | OfficerTrustee | 6 | $0 |
Rick Wietfeldt Vice Chair/director | OfficerTrustee | 6 | $0 |
Hezi Saar Treasurer/director | OfficerTrustee | 4 | $0 |
Francis Dell'ova Director | Trustee | 4 | $0 |
Baher Haroun Director | Trustee | 4 | $0 |
Neil Hendin Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ieee-isto Program Support | 12/30/23 | $1,493,291 |
Interprose Inc Public Relations | 12/30/23 | $234,836 |
Sharmion Kerley Communications Llc Consulting | 12/30/23 | $228,838 |
Picobolt Inc Consulting | 12/30/23 | $234,749 |
Chris Grigg Designs Llc Consulting | 12/30/23 | $184,243 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,963,933 |
| Investment income | $151,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,299 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,112,196 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $164,647 |
| Fees for services: Accounting | $20,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,245 |
| Fees for services: Other | $2,724,623 |
| Advertising and promotion | $81,188 |
| Office expenses | $128,896 |
| Information technology | $22,986 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $242,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $897,878 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,727 |
| Insurance | $20,702 |
| All other expenses | $14,958 |
| Total functional expenses | $4,345,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,923,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50 |
| 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 | $268,336 |
| Net Land, buildings, and equipment | $8,521 |
| Investments—publicly traded securities | $5,485,281 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $132,824 |
| Total assets | $8,818,512 |
| Accounts payable and accrued expenses | $102,892 |
| Grants payable | $0 |
| Deferred revenue | $1,998,000 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,100,892 |
| Net assets without donor restrictions | $6,717,620 |
| 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 | $8,818,512 |