Opc Foundation
- Assets
- $4.6m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 01/1998
- Data as of
- 12/2022
- EIN
- 74-2793815
Organization Overview
Opc Foundation is located in Scottsdale, AZ. The organization was established in 1998. 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. Opc 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 12/2022, Opc Foundation generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 9.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO ENSURING INTEROPERABILITY IN AUTOMATION BY CREATING AND MAINTAINING OPEN SPECIFICATIONS THAT STANDARDIZE THE COMMUNICATION OF ACQUIRED PROCESS DATA, ALARM AND EVENTS, RECORDS HISTORICAL DATA AND BATCH MULTI-VENDOR ENTERPRISE SYSTEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND INFORMATION ACTIVITIES: THE FOUNDATION FACILITATES THE EXCHANGE OF INFORMATION AMONG INTERESTED PARTIES TO ENHANCE THE FURTHER COLABORATION OF TECHNICAL SPECIFICATIONS FOR THE OPC INTERFACES. THE FOUNDATION PROVIDES TRAINING SEMINARS FOR MEMBERS AND THE GENERAL PUBLIC AS WELL AS FACILITATING DEMONSTRATIONS AT TRADE SHOWS OF USES OF THE STANDARDS. THE FOUNDATION PUBLISHES NEWSLETTERS TO INFORM THE INDUSTRY AND THE PUBLIC ABOUT THE STATE OF ENGINEERING, APPLICATION AND DEVELOPMENTS CONCERNING THE TECHNOLOGY
MAINTENANCE AND ENHANCEMENT ACTIVITIES: THE FOUNDATION PERFORMS OR SPONSORS RESEARCH AND DEVELOPMENT TO DEVELOP ENHANCEMENTS FOR THE OPC STANDARD INTERFACE. THE FOUNDATION COORDINATES RESEARCH AND DEVELOPMENT ACTIVITIES UNDERTAKEN AS COOPERATIVE AND PUBLICATION OF INTERFACE SPECIFICATIONS, DEVELOPMENT OF ENGINEER AND CONFORMANCE TESTING AND OTHER SERVICES AND TOOLS FOR THE STANDARD INTERFACE.
CERTIFICATION AND CONFORMANCE TESTING: THE FOUNDATION DEVELOPED A WORLDWIDE CONFORMANCE AND CERTIFICATION PROGRAM TO TEST SUPPLIERS PRODUCTS FOR CONFORMANCE TO THE OPC STANDARD INTERFACE. CERTIFICATION AND CONFORMANCE TESTING OF PRODUCTS IS CONDUCTED BY VENDORS DESIRING TO OBTAIN AN OPC CERTIFICATION. CERTIFIED PRODUCTS MAY USE THE NAME AND CERTIFICATION MARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudius Link Director | Trustee | 2 | $0 |
Shinji Oda Director | Trustee | 2 | $0 |
Kazuhiro Kusunoki Director | Trustee | 2 | $0 |
Aurelien Le Sant Director | Trustee | 2 | $0 |
Matthias Damm Director | Trustee | 2 | $0 |
Juergen Weinhofer Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Panoramix Services Llc Management | 12/30/22 | $299,675 |
Biddle Law Pc Legal | 12/30/22 | $210,773 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,400,100 |
| 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 | $1,400,100 |
| Total Program Service Revenue | $2,780,790 |
| Investment income | $4,194 |
| 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 | $4,185,084 |
| 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 | $878,598 |
| Fees for services: Legal | $212,148 |
| 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 | $9,625 |
| Advertising and promotion | $653,869 |
| Office expenses | $17,268 |
| Information technology | $152,940 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $157,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,370,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,406 |
| All other expenses | $1,163,158 |
| Total functional expenses | $4,958,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,216,471 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,560 |
| 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 | $31,581 |
| 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 | $4,639,612 |
| Accounts payable and accrued expenses | $152,663 |
| Grants payable | $0 |
| Deferred revenue | $23,500 |
| 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 | $176,163 |
| Net assets without donor restrictions | $4,463,449 |
| 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 | $4,639,612 |