Telecom Infra Project Inc
- Assets
- $13.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 03/2019
- Data as of
- 12/2023
- 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 12/2023, Telecom Infra Project Inc generated $6.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $16.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 2016, TELECOM INFRA PROJECT (TIP) IS A GLOBAL COMMUNITY OF COMPANIES AND ORGANIZATIONS WORKING TOGETHER TO ACCELERATE THE DEVELOPMENT AND DEPLOYMENT OF OPEN, DISAGGREGATED, AND STANDARDS-BASED TECHNOLOGY SOLUTIONS THAT DELIVER THE HIGH QUALITY CONNECTIVITY THAT THE WORLD NEEDS NOW AND IN THE DECADES TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIP TAKES EARLY PROOFS OF CONCEPT, PRODUCTS, AND SOLUTIONS INTO TIP LABS AND TESTING ENVIRONMENTS TO DRIVE THEIR VALIDATION AND ENABLE THEIR COMMERCIAL DEPLOYMENT. THROUGH TIP COMMUNITY LABS, PARTICIPANTS COLLABORATE TO PRODUCE AND VALIDATE PROJECT GROUP SOLUTIONS, LAB TEST PLANS, AND EXIT REPORTS.
OTHER PROGRAM SERVICE REVENUE INCLUDING TIP ACADEMY AND TIP SERVICES
FYUZ IS THE INDUSTRY'S ONLY OPEN AND DISAGGREGATED EVENT, WHERE THE FUTURE OF CONNECTIVITY COMES TO TAKE ROOT, GROW AND FLOURISH. FYUZ 2023 WELCOMED OVER 1200 ATTENDEES FROM 47 COUNTRIES REPRESENTING MOBILE OPERATORS AND OTHER SERVICE PROVIDERS, VENDORS, SYSTEMS INTEGRATORS, REGULATORS, INVESTORS, CONSULTANTS, ANALYSTS, BUSINESS AND TRADE MEDIA. THE EVENT HAD OVER 250 CONFERENCE AND PARTNER PROGRAM SPEAKERS.
THE TIP MEMBER COMMUNITY IS A UNIQUE COLLABORATION OF ORGANIZATIONS INCLUDING OPERATORS, SUPPLIERS, DEVELOPERS, INTEGRATORS, AND STARTUPS FROM AROUND THE WORLD. TIP MEMBERS HAVE AN UNPRECEDENTED OPPORTUNITY TO CONTRIBUTE TO CUTTING-EDGE SOLUTIONS, NETWORK WITH FELLOW INDUSTRY EXPERTS, AND HELP SHAPE THE FUTURE OF THE TELECOM INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristian Toivo Executive Director | Officer | 40 | $337,500 |
Vishal Mathur Global Head Of Engagement | 40 | $200,000 | |
Eugina Jordan Chief Marketing Officer | 40 | $200,000 | |
Yago Tenorio Chairman/president | OfficerTrustee | 4 | $0 |
Eran Tal Treasurer (until 4/2023) | OfficerTrustee | 4 | $0 |
Larry Alder Treasurer (as Of 4/2023) | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virtual Inc Managment Consulting | 12/30/23 | $762,621 |
Launch Consulting Technical Consulting | 12/30/23 | $670,358 |
Embedd Gmbh Project Support | 12/30/23 | $666,667 |
Candela Technologies India Pvt Ltd Project Support | 12/30/23 | $500,000 |
Wilkinson Barker Knauer Llp Legal Services | 12/30/23 | $441,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,171,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,165 |
| Total Program Service Revenue | $3,491,508 |
| Investment income | $373,643 |
| 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 | $6,036,316 |
| 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. | $432,711 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,387,737 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,145 |
| Fees for services: Accounting | $3,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,044,534 |
| Advertising and promotion | $3,217,264 |
| Office expenses | $150,790 |
| Information technology | $278,671 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $279,137 |
| 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 | $0 |
| Insurance | $24,894 |
| All other expenses | $0 |
| Total functional expenses | $16,131,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,727,051 |
| Savings and temporary cash investments | $10,373,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $597,550 |
| 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 | $57,912 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215,760 |
| Total assets | $12,971,916 |
| Accounts payable and accrued expenses | $563,464 |
| Grants payable | $0 |
| Deferred revenue | $867,688 |
| 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 | $1,431,152 |
| Net assets without donor restrictions | -$3,720,758 |
| Net assets with donor restrictions | $15,261,522 |
| 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 | $12,971,916 |
Grants Awarded
Over the last fiscal year, Telecom Infra Project Inc has awarded $1,687,867 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AIRWAVE MISSIONS INC PURPOSE: OPEN CELLULAR PROJECT GROUP | $25,000 |
KOTIS DESIGN LLC PURPOSE: PROJECT GROUP SUPPORT | $2,284 |
MAVENIR SYSTEMS INC PURPOSE: VRAN PROJECT GROUP | $30,000 |
FUJITSU COMPONENTS AMERICA INC PURPOSE: PROJECT GROUP SUPPORT | $4,130 |
NTT ELECTRONICS AMERICA INC PURPOSE: OPEN OPTICAL AND PACKET TRANSPORT ("OOPT") PROJECT GROUP | $99,000 |
LAUNCH CONSULTING PURPOSE: PROJECT GROUP SUPPORT | $667,614 |