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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cathy Sheppard Ceo, Secretary | OfficerTrustee | 40 | $310,476 |
Peter Anderson Treasurer | Officer | 5 | $5,944 |
Stephanie Fetzer Chair | OfficerTrustee | 1 | $0 |
Gary Beatty Vice Chair | OfficerTrustee | 1 | $0 |
Todd Gould Director | Trustee | 1 | $0 |
Daniel Kazzaz Director | Trustee | 1 | $0 |
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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