Sip Forum Llc
- Assets
- $770.8k
- Revenue
- $486.4k
- Investments
- $0.0
- Employees
- 0
- Location
- North Andover, MA
- Founding
- 07/2006
- Data as of
- 06/2024
- EIN
- 55-0891386
Organization Overview
Sip Forum Llc is located in North Andover, MA. The organization was established in 2006. 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. Sip Forum Llc 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 06/2024, Sip Forum Llc generated $486.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $448.7k during the year ending 06/2024. While expenses have increased by 3.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE SIP FORUM IS ORGANIZED FOR THE PURPOSE OF PROMOTING THE SPREAD AND ADOPTION OF A TELECOMMUNICATIONS SIGNALING PROTOCOL KNOWN AS SESSION INITIATION PROTOCOL (SIP).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEST EVENT WORKING GROUP (TEWG) - THIS IS CHARTERED TO COORDINATE THE HOLDING OF LARGE-SCALE INTEROPERABILITY TEST EVENTS. THESE EVENTS, HELD MULTIPLE TIMES PER YEAR AT LOCATIONS AROUND THE WORLD, ARE OPEN TO ANY COMPANY, INDIVIDUAL, OR INSTITUTION THAT WISHES TO ATTEND AND BRING A PRODUCT OR SERVICE THAT INCORPORATES SIP SIGNALING TO TEST WITH OTHER PRODUCTS THAT INCORPORATE SIP WITH THE GOAL OF INCREASING INTER-OPERABILITY AMONG VENDORS' PRODUCTS OR SERVICES.
MARKETING WORKING GROUP - THIS IS CHARTERED TO TO INCREASE AWARENESS OF SIP AMONG SELECTED COMMUNITIES. TO DO THIS, THE WORKING GROUP PERFORMS TASKS LIKE CREATING WHITE PAPERS FOR DISTRIBUTION FROM A BOOTH AT SELECTED INDUSTRY CONFERENCES, MAINTAINING A FREELY ACCESSIBLE WEBSITE LISTING OF SIP-BASED PRODUCTS AND SERVICES, AND COORDINATING THE SPEAKING OPPORTUNITIES FOR FULL MEMBER REPRESENTATIVES AT TRADE CONFERENCES.
TECHNICAL WORKING GROUP - THIS IS CHARTERED TO CREATE DOCUMENTS THAT SERVE AS BEST PRACTICE RECOMENDATIONS ABOUT HOW PRODUCTS USE THIS SESSION INITIATION PROTOCOL (SIP) FOR APPLICATION-SPECIFIC PURPOSES. THESE DOCUMENTS, WHILE THEMSELVES NOT THE OFFICIAL DEFINITION OF SIP STANDARD, DESCRIBE WHICH FUNCTION IS TO USE WITHIN SIP (AND OTHER RELEVANT TECHNOLOGIES) IN ORDER TO SUPPLY APPLICATION-SPECIFIC FEATURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Robins Mnging Director | Officer | 40 | $228,000 |
Richard Shockey Chairman | Trustee | 5 | $24,000 |
Mary Barnes Director | Trustee | 1 | $0 |
Martin Dolly Director | Trustee | 1 | $0 |
Philip Linse Director | Trustee | 1 | $0 |
George Cray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $154,166 |
| 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 | $154,166 |
| Total Program Service Revenue | $332,281 |
| 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 | $486,447 |
| 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. | $252,000 |
| Compensation of current officers, directors, key employees. | $91,200 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,552 |
| Advertising and promotion | $0 |
| Office expenses | $1,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,419 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,897 |
| All other expenses | $3,604 |
| Total functional expenses | $448,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,000 |
| 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 | $17,179 |
| Total assets | $770,755 |
| Accounts payable and accrued expenses | $19,000 |
| Grants payable | $0 |
| Deferred revenue | $279,593 |
| 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 | $298,593 |
| 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 | $472,162 |
| Total liabilities and net assets/fund balances | $770,755 |