Video Electronics Standards Association
- Assets
- $6.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Beaverton, OR
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 77-0212238
Organization Overview
Video Electronics Standards Association is located in Beaverton, OR. The organization was established in 1990. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Video Electronics Standards Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Video Electronics Standards Association 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, Video Electronics Standards Association generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
VESA'S (VIDEO ELECTRONIC STANDARDS ASSOCIATION) MISSION IS TO DEVELOP, PROMOTE AND SUPPORT AN ECOSYSTEM OF VENDORS AND CERTIFIED, INTEROPERABLE PRODUCTS FOR THE ELECTRONICS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND ENHANCEMENT OF IMPROVED COMPUTER GRAPHICS STANDARDS THROUGH MEETINGS AND CONFERENCES AMONG MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Lempesis Executive Director | Officer | 40 | $232,000 |
Alan Kobayashi Chairman | OfficerTrustee | 1 | $0 |
Syed Athar Hussain Vice-Chairman | OfficerTrustee | 1 | $0 |
Craig Wiley Secretary/treasurer | OfficerTrustee | 1 | $0 |
DO Kyun Kim Board Member | Trustee | 1 | $0 |
Pablo Ortega Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vtm Inc Management Services | 12/30/21 | $264,379 |
Incline Compliance Engineering Standards Compliance Management | 12/30/21 | $171,272 |
Teledyne Lecroy Inc Test Equipment | 12/30/21 | $120,059 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,310,000 |
| 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 | $2,310,000 |
| Total Program Service Revenue | $0 |
| Investment income | $139,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $583 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $232,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,683,211 |
| 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. | $232,000 |
| Compensation of current officers, directors, key employees. | $58,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,294 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,545 |
| Payroll taxes | $16,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,305 |
| Fees for services: Accounting | $45,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,478 |
| Fees for services: Other | $683,473 |
| Advertising and promotion | $155,889 |
| Office expenses | $61,568 |
| Information technology | $66,684 |
| Royalties | $0 |
| Occupancy | $66,647 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,644 |
| Insurance | $13,789 |
| All other expenses | $0 |
| Total functional expenses | $1,579,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,759 |
| Savings and temporary cash investments | $253,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100 |
| 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 | $123,664 |
| Net Land, buildings, and equipment | $190,706 |
| Investments—publicly traded securities | $5,543,315 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,427 |
| Total assets | $6,526,877 |
| Accounts payable and accrued expenses | $170,120 |
| Grants payable | $0 |
| Deferred revenue | $1,110,750 |
| 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 | $155,000 |
| Total liabilities | $1,435,870 |
| Net assets without donor restrictions | $5,091,007 |
| 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 | $6,526,877 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Documentary Association Inc Los Angeles, CA | $8,198,815 | $12,252,709 |
Film Independent Inc Los Angeles, CA | $7,465,634 | $11,527,723 |
Array Alliance Inc Encino, CA | $23,025,170 | $9,034,009 |
Santa Barbara International Film Festival Inc Santa Barbara, CA | $7,671,000 | $6,230,884 |
California Film Institute San Rafael, CA | $8,333,182 | $5,073,101 |
National Film Preserve Ltd Berkeley, CA | $40,155,231 | $15,232,996 |
Bfca Los Angeles, CA | $405,968 | $4,064,869 |
San Francisco Film Society San Francisco, CA | $2,689,392 | $4,948,774 |
Outfest Los Angeles, CA | $414,961 | $3,920,238 |
Bay Area Video Coalition Inc San Francisco, CA | $1,856,423 | $3,177,189 |
American Cinematheque Los Angeles, CA | $27,763,140 | $2,833,838 |
Forward Impact Los Angeles, CA | $1,099,494 | $2,810,551 |