Joint Development Foundation
- Assets
- $5.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1122212
Organization Overview
Joint Development Foundation is located in San Francisco, CA. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joint Development Foundation 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, Joint Development Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
THE JOINT DEVELOPMENT FOUNDATION PROVIDES SERVICES TO BENEFIT THE COMMON INTEREST OF ITS MEMBERS AND PARTICIPANTS BY FACILITATING THE DEVELOPMENT OF STANDARDS, BEST PRACTICES, RECOMMENDATIONS, INDUSTRY GUIDELINES, TECHNICAL SPECIFICATIONS, INDUSTRY INTEROPERABILTY STANDARDS, COMPUTER SOURCE CODE, AND SUPPORTING DOCUMENTATION, WHICH ARE INTENDED FOR WIDESPREAD INDUSTRY ADOPTION.THE JOINT DEVELOPMENT FOUNDATION DOES SO BY PROVIDING A FORUM, INFRASTURCTURE, LEGAL FRAMEWORK, AND GOVERNANCE RULES FOR CONDUCTING THESE COLLABORATIONS. BY PROVIDING THESE PRE-MADE ITEMS, PROJECTS CAN FORM QUICKLY AND OPERATE EFFICIENTLY, WHICH IN TURN PROMOTES EFFICIENT AND EFFECTIVE PROJECTS RESULTS. JOINT DEVELOPMENT FOUNDATION PROJECTS CAN BE INITIATED BY INDIVIDUALS AND CORPORATIONS AT ANYTIME, AND PROJECTS MAY OPERATE MAY OPERATE BOTH IN-PERSON AND ELECTRONICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOINT DEVELOPMENT FOUNDATION PROVIDES THE CORPORATE AND LEGAL INFRASTRUCTURE TO ENABLE GROUPS TO QUICKLY ESTABLISH AND OPERATE LIGHTWEIGHT COLLABORATIONS TO DEVELOP TECHNICAL SPECIFICATIONS, STANDARDS, AND SOURCE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Zemlin Executive Director | OfficerTrustee | 1 | $0 |
David Rudin Director | Trustee | 1 | $0 |
Frank Fanzilli Director | Trustee | 1 | $0 |
Doug Fisher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cleary Gottlied Steen & Hamilton Llp Legal Services | 12/30/21 | $374,625 |
Choate Hall & Stewart Llp Legal Services | 12/30/21 | $217,339 |
The Linux Foundation Management Services | 12/30/21 | $172,021 |
Shook Hardy & Bacon Llp Legal Services | 12/30/21 | $128,947 |
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 | $11,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,000 |
| Total Program Service Revenue | $1,819,709 |
| 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 | $1,900,709 |
| 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 | $157,139 |
| Fees for services: Legal | $504,015 |
| Fees for services: Accounting | $76,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $302,163 |
| Advertising and promotion | $74,510 |
| Office expenses | $73,202 |
| Information technology | $17,832 |
| 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 | $70,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,387 |
| All other expenses | $14,500 |
| Total functional expenses | $1,290,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,352,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $392,311 |
| 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 | $5,744,847 |
| Accounts payable and accrued expenses | $132,275 |
| Grants payable | $0 |
| Deferred revenue | $967,375 |
| 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 | $1,099,650 |
| Net assets without donor restrictions | $4,645,197 |
| 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 | $5,744,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |