United States Information Technology Office Inc
- Assets
- $3.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Campbell, CA
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 52-1907156
Organization Overview
United States Information Technology Office Inc is located in Campbell, CA. The organization was established in 1997. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. As of 12/2023, United States Information Technology Office Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Information Technology Office 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, United States Information Technology Office Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE UNITED STATES INFORMATION TECHNOLOGY OFFICE (USITO) IS A PRIVATE, NON-PROFIT TRADE ASSOCIATION DESIGNED TO PROMOTE TRADE AND COOPERATION IN THE INFORMATION TECHNOLOGY INDUSTRIES OF THE UNITED STATES AND CHINA. IT IS COMMITTED TO INCREASING THE MARKET SHARE OF US COMPANIES IN CHINA'S GROWING AND DEVELOPING INFORMATION TECHNOLOGY SECTOR. USITO IS A CONSORTIUM FORMED BY: SOFTWARE & INFORMATION INDUSTRY ASSOCIATION, SEMICONDUCTOR INDUSTRY ASSOCIATION, INFORMATION TECHNOLOGY INDUSTRY COUNCIL, AND TELECOMMUNICATIONS INDUSTRY ASSOCIATION. USITO MEMBERSHIP IS OPEN TO ALL US CORPORATIONS IN THE TELECOM, INFORMATION, AND HIGH-TECH INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USITO HOSTS VARIOUS DELEGATIONS FOR US COMPANIES TO MEET AND INTERACT WITH VARIOUS GOVERNMENT OFFICIALS, CORPORATE EXECUTIVES AND OTHERS INVOLVED IN THE INFORMATION AND TELECOM INDUSTRIES WITHIN CHINA.
USITO HOSTS AND SPONSORS SEVERAL COMMITTEES AND GROUPS TO LEARN AND MEET WITH CHINESE GOVERNMENT OFFICIALS, CORPORATE EXECUTIVES, ACADEMICS, AND JOURNALISTS FOR OPEN DISCUSSIONS ON STANDARDS DEVELOPMENT, REGULATIONS AND INDUSTRY TRENDS.
USITO ASSISTS IN THE PREPARATION AND TRANSLATION OF KEY INDUSTRY INITIATIVES AND PROGRAMS TO ENSURE ACCESS AND INFORMATION TO US INFORMATION TECHNOLOGY COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Ragland Director | Trustee | 2 | $0 |
Joe Whitlock Director | Trustee | 2 | $0 |
Naomi Wilson Director | Trustee | 2 | $0 |
Jimmy Goodrich Director | Trustee | 2 | $0 |
John Neuffer Director | Trustee | 2 | $0 |
Jeremie Waterman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,698,008 |
| 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 | $1,698,008 |
| Total Program Service Revenue | $0 |
| Investment income | $2,945 |
| 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 | $1,712,898 |
| 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. | $500,456 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $186,136 |
| Payroll taxes | $17,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $246,076 |
| Advertising and promotion | $0 |
| Office expenses | $88,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130,884 |
| Travel | $186,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,439 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,565 |
| Insurance | $16,304 |
| All other expenses | $0 |
| Total functional expenses | $1,973,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,161,778 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,059,965 |
| 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 | $85,969 |
| Net Land, buildings, and equipment | $7,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,315,466 |
| Accounts payable and accrued expenses | $11,500 |
| Grants payable | $0 |
| Deferred revenue | $1,746,387 |
| 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 | $1,757,887 |
| Net assets without donor restrictions | $1,557,579 |
| 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 | $3,315,466 |