Ieee Industry Standards And Technology Organization Inc
- Assets
- $9.0m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Piscataway, NJ
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 22-3639558
Organization Overview
Ieee Industry Standards And Technology Organization Inc is located in Piscataway, NJ. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ieee Industry Standards And Technology Organization 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 12/2022, Ieee Industry Standards And Technology Organization Inc generated $5.1m 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 (6.4%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) 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
ISTO MENTORS COMMUNITIES DEVELOPING, CERTIFYING, AND PROMOTING THEIR TECHNOLOGY STANDARDS, BEST PRACTICES, GUIDELINES, OPEN SOURCE, AND IMPLEMENTATION ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIPI ALLIANCE - 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.
CRDSA - CRDSA SERVES THE CLINICAL DATA SHARING ECOSYSTEM WITH MEMBERS HAVING A SHARED GOAL OF ACCELERATING THE DISCOVERY AND DELIVERY OF LIFE-SAVING AND LIFE-CHANGING THERAPIES TO PATIENTS BY EXPANDING THE RESEARCH VALUE OF THE DATA COLLECTED THROUGH THE CLINICAL DEVELOPMENT PROCESS.
DIIA IS AN OPEN, GLOBAL CONSORTIUM OF LIGHTING COMPANIES, WHOSE MAIN AIM IS TO GROW THE MARKET FOR LIGHTING-CONTROL SOLUTIONS BASED ON THE STANDARDIZED DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI) PROTOCOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Newman Director/president & CEO | OfficerTrustee | 40 | $265,156 |
Marco W Migliaro President & CEO (thru 7/2022) | OfficerTrustee | 20 | $142,092 |
Yatin Trivedi Chairman/director | OfficerTrustee | 4 | $0 |
Daniel Burnett Director | Trustee | 4 | $0 |
Forrest Wright Director | Trustee | 4 | $0 |
Lewis Brodnax III Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eisenfuhr Speiser Legal Services | 12/30/22 | $378,557 |
Well-ltd Limited Consulting | 12/30/22 | $175,028 |
Wadelux Limited Consulting | 12/30/22 | $208,401 |
Ieee Consulting | 12/30/22 | $4,555,377 |
Aaron Mann Consulting | 12/30/22 | $274,910 |
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 | $5,133,157 |
| Investment income | $0 |
| 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 | $5,133,157 |
| 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 | $295,694 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,782,486 |
| Advertising and promotion | $160,073 |
| Office expenses | $32,568 |
| Information technology | $68,114 |
| Royalties | $0 |
| Occupancy | $10,273 |
| Travel | $97,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $419,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $87,153 |
| All other expenses | $172,264 |
| Total functional expenses | $5,146,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,502,328 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $258,878 |
| 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 | $192,472 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,953,678 |
| Accounts payable and accrued expenses | $1,825,979 |
| Grants payable | $0 |
| Deferred revenue | $5,978,981 |
| 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 | $7,804,960 |
| Net assets without donor restrictions | $1,148,718 |
| 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 | $8,953,678 |