Prpl Foundation Inc
- Assets
- $4.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 11/2016
- Data as of
- 12/2023
- EIN
- 47-1110074
Organization Overview
Prpl Foundation Inc is located in Wakefield, MA. The organization was established in 2016. 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. Prpl Foundation 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, Prpl Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. 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 PRPL FOUNDATION IS A COLLABORATIVE OPEN-SOURCE COMMUNITY DEDICATED TO OPEN API SPECIFICATIONS AND OPEN INDUSTRY STANDARDS, FOCUSING ON CARRIER-GRADE SOFTWARE FOR BROADBAND CUSTOMER PREMISE EQUIPMENT AS SPECIFIED BY OPERATOR MEMBERS. THE PRPL FOUNDATION BRINGS TOGETHER SERVICE PROVIDERS, ORIGINAL EQUIPMENT MANUFACTURERS, SYSTEM INTEGRATORS, CHIP VENDORS AND APPLICATION DEVELOPERS TO HARMONIZE HOME NETWORK ARCHITECTURE, THEN COMMONIZES A REFERENCE IMPLEMENTATION OF STANDARDIZED OPEN-SOURCE INFRASTRUCTURE BUILT ATOP OPEN API SPECIFICATIONS AND OPEN INDUSTRY STANDARDS. PRPL ENABLES A SERVICE DELIVERY ECOSYSTEM INCLUDING INNOVATIVE THIRD-PARTY APPLICATIONS THAT CAN BE QUICKLY AND EASILY DEPLOYED ACROSS DIFFERENT CPE PLATFORMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) FOSTERED A COLLABORATIVE COMMUNITY TO INNOVATE OPEN CPE ARCHITECTURE AND CONTRIBUTE TO RELEVANT OPEN INDUSTRY STANDARDS. THIS SERVICE IS ONGOING AND RESULTS IN REGULAR CONTRIBUTIONS INTO CORRESPONDING STANDARDS DEVELOPMENT ORGANIZATIONS.2) FOSTERED A COLLABORATIVE COMMUNITY TO HARMONIZE, DOCUMENT AND PUBLISH OPEN API SPECIFICATIONS. THIS SERVICE IS ONGOING AND RESULTS IN REGULAR PUBLICATION OF RELEASES AND UPDATES TO SPECIFICATIONS COMPATIBLE WITH SERVICE 1.3) COLLABORATIVLEY DEVELOPED AND IMPLEMENTED OPEN-SOURCE SOFTWARE COMPONENTS COMPATIBLE WITH SERVICES 1 AND 2. THIS SERVICE IS ONGOING AND RESULTS IN REGULAR PUBLICATION OF RELEASES AND UPDATES OF THE SOFTWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Leonard Dauphinee President | OfficerTrustee | 8 | $0 |
Thomas Staneker Treasurer | OfficerTrustee | 4 | $0 |
Randy Zimler Platinum Director | Trustee | 4 | $0 |
Wojtek Makowski Platinum Director | Trustee | 4 | $0 |
Paul Keator Gold Director | Trustee | 4 | $0 |
Endika Miragaya Gold Director (until 5/2023) | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inango Systems Ltd Software Developers | 12/30/23 | $234,000 |
Petr Stetiar Software Developer | 12/30/23 | $111,300 |
Shelly Coen Contracted Operations Manager | 12/30/23 | $131,814 |
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 | $47,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,180 |
| Total Program Service Revenue | $1,153,379 |
| Investment income | $13,628 |
| 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 | $1,214,187 |
| 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 | $132,336 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39,848 |
| Office expenses | $6,365 |
| Information technology | $7,993 |
| 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 | $2,369 |
| All other expenses | $0 |
| Total functional expenses | $1,013,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,067,002 |
| Savings and temporary cash investments | $818,686 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,322,164 |
| 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 | $4,207,852 |
| Accounts payable and accrued expenses | $72,236 |
| Grants payable | $0 |
| Deferred revenue | $1,158,411 |
| 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 | $2,539,925 |
| Total liabilities | $3,770,572 |
| Net assets without donor restrictions | $437,280 |
| 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 | $4,207,852 |