Vmware User Group Inc
- Assets
- $6.3m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 27-2343163
Organization Overview
Vmware User Group Inc is located in Nashville, TN. The organization was established in 2017. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, 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. Vmware User 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 12/2023, Vmware User Group Inc generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $8.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VMWARE USER GROUP (VMUG) IS AN INDEPENDENT, GLOBAL, CUSTOMER-LED ORGANIZATION, CREATED TO MAXIMIZE MEMBERS' USE OF VMWARE AND PARTNER SOLUTIONS THROUGH KNOWLEDGE SHARING, TRAINING, COLLABORATION, AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: VMUG PROVIDES EDUCATION THROUGH WEBINARS ON ITS WEBSITE AND HOLDS OVER 35 ONE DAY EVENTS EACH YEAR WHERE MULTIPLE EDUCATION OPPORTUNITIES ARE PROVIDED.
NETWORKING: VMUG PROVIDES NETWORKING OPPORTUNITIES THROUGH ONLINE GLOBAL, LOCAL, AND INTEREST-BASED COMMUNITIES. VMUG'S MULTI-DAY CONFERENCES ALSO PROVIDE NETWORKING OPPORTUNITIES.
ADVOCACY: VMUG PROVIDES OPPORTUNITIES FOR ADVOCACY THROUGH ITS VMUG LOCAL LEADER PROGRAM. EACH VMUG LEADER IS A VOLUNTEER RESPONSIBLE FOR COORDINATING THE ACTIVITIES OF THE LOCAL VMUG COMMUNITY AND ACTING AS THE PRIMARY POINT OF CONTACT ON BEHALF OF THE GROUP. THE LEADER OF THE USER GROUP MUST BE A VMUG MEMBER AND A USER OR PARTNER THAT SERVES IN A TECHNICAL ROLE AT HIS/HER COMPANY. LEADERS ARE EXPECTED TO HOLD QUARTERLY MEETING/EVENTS FOR THEIR LOCAL VMUG MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Campbell Director | Trustee | 1 | $0 |
Jonathan Clark Director | Trustee | 1 | $0 |
Jeff Couch Director | Trustee | 1 | $0 |
Sumanth Gaidge Director | Trustee | 1 | $0 |
Rizwan Khan Secretary/tr | Trustee | 1 | $0 |
Tamecka Mckay Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lef Marketing & Events Rijksweg 55b | 12/30/23 | $577,668 |
Westin Boston Seaport District | 12/30/23 | $156,399 |
Innovatis Group | 12/30/23 | $5,730,876 |
Hilton San Diego Bayfront Sunstone Park Lessee Llc | 12/30/23 | $103,200 |
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 | $8,365,336 |
| Investment income | $238,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,575,958 |
| 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 | $1,290,980 |
| Fees for services: Legal | $2,431 |
| Fees for services: Accounting | $196,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,364,343 |
| Advertising and promotion | $1,379,063 |
| Office expenses | $89,089 |
| Information technology | $123,405 |
| Royalties | $0 |
| Occupancy | $22,086 |
| Travel | $264,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,958,723 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,441 |
| Insurance | $18,716 |
| All other expenses | $68,351 |
| Total functional expenses | $8,760,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,800 |
| Savings and temporary cash investments | $113,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $430,957 |
| 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 | $285,502 |
| Net Land, buildings, and equipment | $51,007 |
| Investments—publicly traded securities | $5,312,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,284,982 |
| Accounts payable and accrued expenses | $833,106 |
| Grants payable | $0 |
| Deferred revenue | $1,719,244 |
| 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 | $2,552,350 |
| Net assets without donor restrictions | $3,732,632 |
| 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 | $6,284,982 |
Grants Awarded
Over the last fiscal year, Vmware User Group Inc has awarded $16,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GIRLS WHO CODE | | | $6,400 |
OLPC INC | | | $9,600 |