Telecom Infra Project Inc
- Assets
- $19.4m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 81-1395224
Organization Overview
Telecom Infra Project Inc is located in Wakefield, MA. The organization was established in 2019. 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. Telecom Infra Project 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 12/2021, Telecom Infra Project Inc generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $18.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Telecom Infra Project Inc has awarded 21 individual grants totaling $1,993,032. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED FEBRUARY 2016, THE TELECOM INFRA PROJECT, INC. (TIP) IS AN ENGINEERING-FOCUSED INITIATIVE DRIVEN BY OPERATORS, SUPPLIERS, DEVELOPERS, INTEGRATORS, AND STARTUPS TO DISAGGREGATE THE TRADITIONAL NETWORK DEPLOYMENT APPROACH.WE HAVE STRIVED TO MAKE THE SITE A HELPFUL RESOURCE FOR EXISTING, AND PROSPECTIVE, MEMBERS AND WE WILL CONTINUE TO IMPROVE ITS USEFULNESS.THE COLLECTIVE AIM OF OUR COMMUNITY IS TO COLLABORATE ON NEW TECHNOLOGIES, EXAMINE NEW BUSINESS APPROACHES AND SPUR NEW INVESTMENTS INTO THE TELECOM SPACE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TELECOM INFRA PROJECT ("TIP") IS AN INDUSTRY ORGANIZATION DESIGNED FOR ENGINEERING MINDSHARE TO REIMAGINE AND DEFINE THE TRADITIONAL APPROACH TO BUILDING AND DEPLOYING TELECOM INFRASTRUCTURE. TIP WAS CREATED WITH THE FOCUS OF CONNECTING THE UNCONNECTED AND UNDER-CONNECTED BY DISAGGREGATING THE TRADITIONAL DEPLOYMENT MODELS. TIP IS BRINGING OPERATORS, INFRASTRUCTURE PROVIDERS, SYSTEM INTEGRATORS, AND OTHER TECHNOLOGY COMPANIES TOGETHER TO COLLABORATE ON THE DEVELOPMENT OF NEW TECHNOLOGIES AND REIMAGINE TRADITIONAL APPROACHES TO BUILDING AND DEPLOYING TELECOM NETWORK INFRASTRUCTURE. TIP WILL ALLOW INDUSTRY CONSTITUENTS TO BRING THEIR FRESH IDEAS BUT ALSO WORK WITH OTHER ESTABLISHED STANDARDS ORGANIZATIONS TO BRING TELECOM INFRASTRUCTURE TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Attillio Zani Executive Director | OfficerTrustee | 40 | $822,293 |
Dave Hutton Chief Engineer | 40 | $306,383 | |
Vishal Mathus Head Of Engagement | 40 | $288,928 | |
Eran Tal Treasurer | OfficerTrustee | 1 | $0 |
Yago Tenorio Chairman | OfficerTrustee | 1 | $0 |
Juan Carlos Garcia Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virtual Inc Management Consulting | 12/30/21 | $578,637 |
Justech Law Pllc Legal Services | 12/30/21 | $499,359 |
Mike Sly Marketing Consulting | 12/30/21 | $137,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,926,167 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,667,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,593,267 |
| Total Program Service Revenue | $285,900 |
| 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 | $19,879,167 |
| 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. | $822,293 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $630,774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $542,663 |
| Fees for services: Accounting | $2,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,102,406 |
| Advertising and promotion | $0 |
| Office expenses | $29,862 |
| Information technology | $281,639 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $993,038 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,964,583 |
| Total functional expenses | $18,369,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,713,977 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,554,446 |
| 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 | $24,555 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,166 |
| Total assets | $19,363,144 |
| Accounts payable and accrued expenses | $1,078,540 |
| Grants payable | $0 |
| Deferred revenue | $2,397,792 |
| 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 | $3,476,332 |
| Net assets without donor restrictions | $620,445 |
| Net assets with donor restrictions | $15,266,367 |
| 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 | $19,363,144 |
Grants Awarded
Over the last fiscal year, Telecom Infra Project Inc has awarded $1,687,867 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
LAUNCH CONSULTING PURPOSE: PROJECT GROUP SUPPORT | $667,614 |
PHLUIDO INC PURPOSE: PROJECT GROUP SUPPORT | $400,342 |
RADISYS CORPORATION PURPOSE: OPENRAN PROJECT GROUP | $188,750 |
NTT ELECTRONICS AMERICA INC PURPOSE: OPEN OPTICAL AND PACKET TRANSPORT ("OOPT") PROJECT GROUP | $99,000 |
OCLARO FIBER OPTICS INC PURPOSE: OPEN OPTICAL AND PACKET TRANSPORT ("OOPT") PROJECT GROUP | $75,690 |
SHOELACE WIRELESS INC PURPOSE: WIFI PROJECT GROUP | $70,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Broadway Cares-Equity Fights Aids Inc New York, NY | $15,399,806 | $32,018,599 |
Warren Alpert Foundation Providence, RI | $0 | $34,230,713 |
Advanced Regenerative Manufacturing Institute Inc Manchester, NH | $22,637,554 | $26,561,020 |