World Information Technology And Services Alliance
- Assets
- $889.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Fairfax, VA
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 54-1757170
Organization Overview
World Information Technology And Services Alliance is located in Fairfax, VA. The organization was established in 1998. 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 12/2022, World Information Technology And Services Alliance employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Information Technology And Services Alliance 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 12/2022, World Information Technology And Services Alliance 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 6.3% each year. All expenses for the organization totaled $383.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WORLD INNOVATION, TECHNOLOGY AND SERVICES ALLIANCE (WITSA) IS A CONSORTIUM OF OVER 60 INFORMATION TECHNOLOGY INDUSTRY ASSOCIATIONS FROM ECONOMIES AROUND THE WORLD. AS THE GLOBAL VOICE OF THE IT INDUSTRY, WITSA PLAYS AN ACTIVE ADVOCACY ROLE IN INTERNATIONAL PUBLIC POLICY ISSUES AFFECTING THE CREATION OF A ROBUST GLOBAL INFORMATION INFRASTRUCTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITSA OWNS AND LICENSES OUT THE RIGHT TO HOST THE WORLD CONGRESS ON INFORMATION TECHNOLOGY, WHERE INFORMATION TECHNOLOGY INDUSTRY ASSOCIATIONS MEMBERS AND COUNTRIES AROUND THE WORLD GATHER TO EXCHANGE IDEAS AND SERVICES RELATED TO THIS INDUSTRY.
THE WITSA GLOBAL PARTNERS PROGRAM IS SPECIFICALLY DESIGNED FOR ORGANIZATIONS INTERESTED IN PROMOTING ICT INVESTMENT FOR EXPANSION IN THEIR RESPECTIVE GEOGRAPHIC LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Yannis Sirros Chairperson | Trustee | 1 | $0 |
Mr Sean Seah Chairman | Trustee | 1 | $0 |
Mr Tarek M Abdel Monem Taha Vice Chairman | OfficerTrustee | 1 | $0 |
Mr Alberto Patron Director | Trustee | 1 | $0 |
Mr Santiago Gutierrez Chairman | Trustee | 5 | $0 |
Mr Matthias Ifesieh Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,000 |
| 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 | $33,000 |
| Total Program Service Revenue | $1,137,885 |
| Investment income | $1 |
| 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 | $1,170,886 |
| 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. | $245,242 |
| 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 | $27,457 |
| Payroll taxes | $14,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,710 |
| Fees for services: Accounting | $11,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,000 |
| Office expenses | $4,614 |
| Information technology | $12,020 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $211 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191 |
| Insurance | $2,304 |
| All other expenses | $0 |
| Total functional expenses | $383,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $882,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $525 |
| 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 | $5,832 |
| Net Land, buildings, and equipment | $237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $889,020 |
| Accounts payable and accrued expenses | $28,532 |
| Grants payable | $0 |
| Deferred revenue | $4,615 |
| 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 | $33,147 |
| Net assets without donor restrictions | $855,873 |
| 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 | $889,020 |