Internet Of Things Talent Consortium Inc
- Assets
- $195.6k
- Revenue
- $214.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 47-4110657
Organization Overview
Internet Of Things Talent Consortium Inc is located in Beaverton, OR. The organization was established in 2016. 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. Internet Of Things Talent Consortium 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 12/2021, Internet Of Things Talent Consortium Inc generated $214.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $139.8k during the year ending 12/2021. While expenses have increased by 10.5% 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
THE INTERNET OF THINGS TALENT CONSORTIUM (IOTTC) IS A UNIQUE, NON-PROFIT COMMUNITY OF HUMAN TALENT EXPERTS AND PRACTITIONERS. WE WORK ACROSS INDUSTRIES TO HELP INSPIRE, CREATE AND GROW THE ORGANIZATIONS AND WORKFORCES NEEDED TO DRIVE IOT-ENABLED DIGITAL TRANSFORMATION IN EVERY SECTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITY 1: ASSIST THE INDUSTRY IN PROVIDING A COMMUNITY WHO POSITIVELY IMPACTS THE FUTURE OF WORK AND DIGITAL TRANSFORMATION. THIS ACTIVITY WILL SUPPORT THE ORGANIZATION'S TAX-EXEMPT PURPOSE BY PROVIDING LEADING ORGANIZATIONS WITH REAL-WORLD INSIGHTS ON TALENT AND THE FUTURE OF WORK BASED ON PRIMARY AND SECONDARY RESEARCH, SUPPORT, BEST PRACTICES FROM LESSONS LEARNED AND ACCESS TO A COMMUNITY OF EXPERTS AND PRACTITIONERS. WE ALSO SHOWCASE THE BEST EDUCATIONAL PROGRAMS DEVELOPED BY PRACTITIONERS FOR THE TOP IN-DEMAND JOBS AND SKILLS IN THE DIGITAL, IOT ARENA. OUR ACTIONS ACCELERATE TALENT TRANSFORMATION IN THE IOT-ENABLED DIGITAL JOURNEY TO SUPPORT THE NEXT INDUSTRIAL REVOLUTION.
ACTIVITY 2: PROVIDE LEARNING ASSETS TO GUIDE ORGANIZATIONS THROUGH DIGITAL TRANSFORMATION. THIS ACTIVITY WILL SUPPORT THE ORGANIZATION'S TAX-EXEMPT PURPOSE BY HELPING COMPANIES IN THE DIGITAL TRANSFORMATION INDUSTRY UNDERSTAND CHALLENGES, OBTAIN TRAINING, AND FACILITATE LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trent Salvaggio Executive Di | Officer | 40 | $96,867 |
Michael Cook Vice Pres/se | OfficerTrustee | 1 | $0 |
Peter Hirst Director | Trustee | 1 | $0 |
Sandra Wheatley Director | Trustee | 1 | $0 |
Michael Shannon Director | Trustee | 1 | $0 |
Philip Quade Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,029 |
| 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 | $56,029 |
| Total Program Service Revenue | $157,500 |
| Investment income | $756 |
| 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 | $214,285 |
| 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. | $96,867 |
| 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 | $28,800 |
| Fees for services: Legal | $124 |
| Fees for services: Accounting | $1,500 |
| 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 | $1,202 |
| Information technology | $7,862 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,158 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,919 |
| All other expenses | $0 |
| Total functional expenses | $139,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,597 |
| 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 | $195,597 |
| 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 | $114,500 |
| Total liabilities | $114,500 |
| 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 | $81,097 |
| Total liabilities and net assets/fund balances | $195,597 |
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Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
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Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
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Travel Portland Portland, OR | $18,865,244 | $9,767,566 |