Tm Forum
- Assets
- $18.7m
- Revenue
- $28.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Parsippany, NJ
- Founding
- 04/1989
- Data as of
- 03/2023
- EIN
- 22-2926307
Organization Overview
Tm Forum is located in Parsippany, NJ. The organization was established in 1989. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 03/2023, Tm Forum employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tm Forum 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 03/2023, Tm Forum generated $28.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $27.5m during the year ending 03/2023. While expenses have increased by 4.3% per year over the past 8 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
THE FORUM DRIVES COLLABORATION AND COLLECTIVE PROBLEM-SOLVING TO MAXIMIZE THE BUSINESS SUCCESS OF COMMUNICATION AND DIGITAL SERVICE PROVIDERS AND THE ECOSYSTEM OF SUPPLIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RUNS A SERIES OF EVENTS WORLDWIDE WITH THEIR FLAGSHIP EVENT OCCURRING EACH SUMMER. THE DIGITAL TRANSFORMATION WORLD CONFERENCE INCLUDES 6 CONCURRENT TRACKS OVER 3 DAYS, AN EXHIBITION OF OVER 100 MEMBER COMPANIES, SHOWCASING OVER 30 CATALYST "PROOF-OF-CONCEPT" PROJECTS, OVER 300 PRE-ARRANGED ONE-ON-ONE MEETINGS, 2 AWARD CEREMONIES, 2 NETWORKING PARTIES, AND VARIOUS OTHER NETWORKING ACTIVITIES THE DAY PRIOR TO THE EVENT WHICH ATTRACTS OVER 4,100 ATTENDEES.THE ORGANIZATION ALSO OFFERS A COMPREHENSIVE, WORLDWIDE TRAINING AND CERTIFICATION PROGRAM TO SUPPORT THE IMPLEMENTATION OF THE OPEN DIGITAL FRAMEWORK (ODF), A COMPREHENSIVE SUITE OF STANDARDS AND BEST PRACTICES THAT ENABLE BUSINESSES TO RUN WITH MAXIMUM AGILITY, SIMPLICITY, AND EFFICIENCY. WITH OVER 82,000 INDIVIDUAL CERTIFICATIONS AROUND THE WORLD, THE ORGANIZATION'S CERTIFICATION PROGRAM ENABLES TECHNICAL PROFESSIONALS TO DEMONSTRATE THEIR KNOWLEDGE OF ODF AND PROVIDES ACCESS TO A WORLDWIDE POOL OF CERTIFIED INDIVIDUALS. TRAINING COURSES ARE HELD IN AN ONLINE, SELF-PACED FORMAT AND INSTRUCTOR-LED FORMAT BOTH VIRTUALLY AND ONSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shankar Arumugavelu Director | Trustee | 1 | $0 |
Sarit Assaf Director | Trustee | 1 | $0 |
Enrique Blanco Director | Trustee | 1 | $0 |
Li Huidi Director | Trustee | 1 | $0 |
Jan Karlsson Director | Trustee | 1 | $0 |
Michael Lawrey Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Second Rock-jersey Associates Office & Facility Rental | 3/30/23 | $538,410 |
Forest Edge Computer Solutions Ltd Vp Technology & Community | 3/30/23 | $157,827 |
Connext20x Chief Analyst | 3/30/23 | $140,851 |
Juliana Grundner Commercial Counsel | 3/30/23 | $145,250 |
Pierre Gauthier Chief Api Architect | 3/30/23 | $119,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,347,451 |
| 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 | $14,347,451 |
| Total Program Service Revenue | $14,250,900 |
| Investment income | $42,083 |
| 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 | $28,640,434 |
| 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 | $9,804,557 |
| Pension plan accruals and contributions | $578,767 |
| Other employee benefits | $583,184 |
| Payroll taxes | $1,069,277 |
| Fees for services: Management | $3,532,973 |
| Fees for services: Legal | $95,803 |
| Fees for services: Accounting | $114,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $583,438 |
| Office expenses | $78,749 |
| Information technology | $1,959,712 |
| Royalties | $0 |
| Occupancy | $289,958 |
| Travel | $984,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,552,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $242,501 |
| Insurance | $68,187 |
| All other expenses | $610,387 |
| Total functional expenses | $27,538,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,815,642 |
| Savings and temporary cash investments | $5,099,724 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,195,003 |
| 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 | $773,903 |
| Net Land, buildings, and equipment | $853,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $977,974 |
| Total assets | $18,715,977 |
| Accounts payable and accrued expenses | $3,789,985 |
| Grants payable | $0 |
| Deferred revenue | $8,337,624 |
| 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 | $757,711 |
| Total liabilities | $12,885,320 |
| Net assets without donor restrictions | $5,830,657 |
| 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 | $18,715,977 |