Domain Name Association Inc
- Assets
- $0.0
- Revenue
- $103.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 01/2016
- Data as of
- 10/2020
- EIN
- 46-3104748
Organization Overview
Domain Name Association Inc is located in Wakefield, MA. The organization was established in 2016. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. Domain Name Association 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 10/2020, Domain Name Association Inc generated $103.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $69.7k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (29.0%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE DOMAIN NAME ASSOCIATION IS TO (SEE SCHEDULE O FOR CONTINUATION):HIGHLIGHT THE USE, POTENTIAL AND BENEFITS OF DOMAINS AND DNS AND A VIBRANT, ROBUST, AND TRUSTED DOMAIN NAME SYSTEM WHILE FOSTERING INNOVATION, SUSTAINABLE GROWTH AND UTILIZATION IN THE MARKETPLACE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FIRST PRIORITY IS TO EDUCATE INTERNET USERS AROUND THE WORLD ABOUTTHE USE OF DOMAINS AS THE PRIMARY NAVIGATION TOOL FOR THE INTERNET. THEINTERNET LANDSCAPE IS CHANGING, AND RESEARCH SHOWS THAT INTERNET USERSARE UNAWARE OF THESE CHANGES AND MAY BE CONFUSED ON HOW TO EFFECTIVELYUSE TRADITIONAL TLDS, CCTLDS AND NEW GTLDS TOGETHER ONLINE.
OUR FIRST PRIORITY IS TO EDUCATE INTERNET USERS AROUND THE WORLD ABOUTTHE USE OF DOMAINS AS THE PRIMARY NAVIGATION TOOL FOR THE INTERNET. THEINTERNET LANDSCAPE IS CHANGING, AND RESEARCH SHOWS THAT INTERNET USERSARE UNAWARE OF THESE CHANGES AND MAY BE CONFUSED ON HOW TO EFFECTIVELYUSE TRADITIONAL TLDS, CCTLDS AND NEW GTLDS TOGETHER ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Merdinger President | OfficerTrustee | 4 | $0 |
Statton Hammock Secretary | Officer | 4 | $0 |
Sean Baseri Treasurer | Officer | 4 | $0 |
Jothan Frakes Executive Director | Officer | 20 | $0 |
Roelof Meijer Director | Trustee | 4 | $0 |
Solomon Amoako Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virtualinc Professional Services | 6/29/16 | $208,091 |
Kurt Pritz Management Support | 6/29/16 | $213,314 |
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 | $103,916 |
| 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 | $103,916 |
| 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 | $2,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,644 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $196 |
| Information technology | $99 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $118 |
| All other expenses | $59,679 |
| Total functional expenses | $69,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
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