X12 Incorporated
- Assets
- $888.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-1372675
Organization Overview
X12 Incorporated is located in Arlington, VA. The organization was established in 2014. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. X12 Incorporated 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 12/2021, X12 Incorporated generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
X12 IS AN ANSI-ACCREDITED, CONSENSUS-BASED, NON-PROFIT ORGANIZATION FOCUSED ON DEVELOPMENT, IMPLEMENTATION, AND ONGOING USE OF MATURE, HIGHLY-EFFICIENT AND EFFECTIVE, TECHNOLOGY-NEUTRAL, INTEROPERABLE ELECTRONIC DATA INTERCHANGE STANDARDS THAT SUPPORT ONGOING AND EMERGING NEEDS OF BUSINESSES AND CONSUMERS ACROSS AND WITHIN VARIOUS INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK PRODUCTS: (1) MAINTAINING AN EXPANSIVE STANDARDIZED VOCABULARY TO DEFINE DATA CONTENT AND DESCRIBE DATA RELATIONSHIPS FOR PARTICULAR BUSINESS USES ACROSS MANY INDUSTRY VERTICALS; (2) PUBLISHING OF: (A) METADATA REPOSITORY THAT SUPPORTS SYNTAX-SPECIFIC AND SYNTAX-NEUTRAL ELECTRONIC MESSAGES, (B) EDI STANDARDS- TRADITIONAL EDI SYNTAX THAT POWERS BUSINESS-TO-BUSINESS ELECTRONIC TRANSACTIONS IN THE U.S. AND INTERNATIONALLY, (C) TECHNICAL REPORTS- IMPLEMENTATION INSTRUCTIONS, EXPLANATIONS, AND BEST-PRACTICE GUIDANCE THAT ENABLES CONSISTENT, INTEROPERABLE EXCHANGE OF ELECTRONIC MESSAGES, (D) EXTERNAL CODE SETS- STANDARDIZED CODE SETS THAT SUPPORT CONSISTENT AND INTEROPERABLE INFORMATION EXCHANGE, (E) INTERPRETATIONS- CLARIFICATIONS AND OTHER EXPLANATIONS THAT SATISFY QUESTIONS FROM X12'S CLIENTS AND MEMBERS, AND (F) IMPLEMENTATION TOOLS- APPLICATIONS, APIS, AND OTHER TECHNICAL SOLUTIONS THAT ASSIST IMPLEMENTERS AND USERS OF X12 PRODUCTS; (3) PROVIDING EASY AND CONVENIENT WEB-BASED ACCESS TO X12 PRODUCTS; (4) PROVIDING TOOLS TO SUPPORT MEMBER COLLABORATIONS VIA WEB-BASED TOOLS, WEB CONFERENCES, AND TELECONFERENCING; (5) PROVIDING A FORUM FOR INDUSTRY OR CROSS-INDUSTRY DISCUSSION OF EMERGING BUSINESS NEEDS, TECHNOLOGIES, AND OPPORTUNITIES.
MEMBERSHIP: (1) RECRUITING AND SUPPORTING MATERIALLY-INTERESTED ORGANIZATIONS AND INDIVIDUALS AS X12 MEMBERS. X12 MEMBERS THEN PROVIDE CROSS-INDUSTRY AND CROSS-FUNCTIONAL EXPERTS WHO CONTRIBUTE THEIR EXPERTISE, EXPERIENCE, AND KNOWLEDGE TO ENSURE X12 WORK PRODUCTS ARE RELEVANT, EFFICIENT, AND RELIABLE. (2) ENABLING FACE-TO-FACE AND VIRTUAL COLLABORATION. (3) SUPPORTING ANSI-COMPLIANT CONSENSUS DEVELOPMENT, INCLUDING DISCUSSION AND VOTING.
MEETINGS: ENABLING FACE-TO-FACE AND VIRTUAL COLLABORATION, NETWORKING, AND CORPORATE ACTIVITIES FOR X12 MEMBERS AND MATERIALLY INTERESTED NON-MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Sheppard Ceo, Secretary | OfficerTrustee | 40 | $310,476 |
Peter Anderson Treasurer | Officer | 5 | $5,944 |
Gary Beatty Vice Chair | OfficerTrustee | 1 | $0 |
Stephanie Fetzer Chair | OfficerTrustee | 1 | $0 |
Daniel Kazzaz Director | Trustee | 1 | $0 |
Todd Gould Director | Trustee | 1 | $0 |
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 | $1,461,658 |
| 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 | $1,461,658 |
| 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 | $1,126 |
| Compensation of current officers, directors, key employees. | $332,680 |
| 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 | $15,258 |
| Fees for services: Accounting | $29,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $941,353 |
| Advertising and promotion | $32,104 |
| Office expenses | $938 |
| Information technology | $30,536 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,250 |
| All other expenses | $0 |
| Total functional expenses | $1,541,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,885 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $198,658 |
| 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 | $50,684 |
| 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 | $888,227 |
| Accounts payable and accrued expenses | $121,432 |
| Grants payable | $0 |
| Deferred revenue | $638,680 |
| 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 | $760,112 |
| Net assets without donor restrictions | $128,115 |
| 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 | $888,227 |
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