Mobility Open Blockchain Initiative
- Assets
- $481.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Chatsworth, CA
- Founding
- Data as of
- 03/2023
- EIN
- 82-4876293
Organization Overview
Mobility Open Blockchain Initiative, operating under the name Mobi, is located in Chatsworth, CA. 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. Mobi 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 03/2023, Mobi generated $1.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.4m during the year ending 03/2023. While expenses have increased by 1.7% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MOBILITY OPEN BLOCKCHAIN INITIATIVE CONDUCTS EDUCATIONAL ACTIVITIES, CONDUCTS COLLOQUIUMS, INFLUENCES INDUSTRY STANDARDS FOR ADVANCING THE STATE OF BLOCKCHAIN AND RELATED TECHNOLOGIES, AND ACTS AS A NEUTRAL PLATFORM IN DRIVING COLLABORATION AND GROWTH OF THE BLOCKCHAIN COMMUNITY. MEMBER PARTICIPANTS FOR THE ACTIVITIES TYPICALLY INCLUDE SMALL AND LARGE COMPANIES, UNIVERSITIES, NGOS AND GOVERNMENT AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING GROUPS: WORKING GROUPS EXPLORE SPECIFIC USE CASES WITHIN THE MOBILITY INDUSTRY AND ESTABLISH COMMON MEANS TO DEFINE, MEASURE, AND TEST QUALITY PERFORMANCE, AND SECURITY. THE PRODUCT OF WORKING GROUPS FOSTERS ADOPTION AND REDUCES TIME-TO-MARKET, FACILITATES INTERCHANGE AND INTEROPERABILITY, AND REDUCES RISK TO INTEGRATORS AND USERS. VID: THE VID WORKING GROUP AIMS TO DEFINE A UNIQUE DIGITAL DOCUMENT THAT IS A VERIFIABLE LINK TO A SPECIFIC VEHICLE AND IS A MINIMUM REPRESENTATION OF THAT VEHICLE'S DIGITAL TWIN. UBI: THE UBI WORKING GROUP AIMS TO DEFINE GENERAL FRAMEWORK WHICH, IF FOLLOWED, ALLOWS PEOPLE TO PLUG-AND-PLAY DIFFERENT UBI DATA SOURCES, IDENTITIES, AND APPLICATIONS. SUPPLY CHAIN: THE SUPPLY CHAIN WORKING GROUP ASSESSES THE VALUE PROPOSITION OF BLOCKCHAIN TO TRACK THE PROGRESS AND PROVENANCE OF PRODUCTS AND PARTS MOVING ACCROSS SUPPLY CHAINS. CMDM: THE CMDM WORKING GROUP IS RESEARCHING THE POTENTIAL VALUE PROPOSITION OF BLOCKCHAIN, WORK ON STANDARDS AND, POTENTIALLY, LOGISTC NECESSARY TO CARRY OUT A PILOT PROGRAM FOR USES CASES IN CONNECTED MOBILITY AND DATA MARKETPLACE. FINANCE AND SECURITATIZATION: THIS GROUP ASSESSES THE POTENTIAL VALUE PROPOSITION OF BLOCKCHAIN, WORK ON STANDARDS, AND POTENTIALLY, HELP COORDINATE LOGISTICS NECESSARY TO CARRY OUT A PILOT PROGRAM FOR USES CASES IN FINANCE AND SECURITAZATION. EVGI: THE EVGI GROUP INVESTIGATES THE POTENTIAL VALUE PROPOSITION OF BLOCKCHAIN AND LOGISTICS NECESSARY TO CARRY OUT A PILOT PROGRAM FOR USES CASES SUCH AS PEER-TO-PEER SMART CONTRACTS, TOKENIZED CARBON CREDITS, AND VEHICLE-TO-GRID (V2G) ENERGY STORAGE AND ANCILLIARY SERVICES.
COMMUNITY BUILDING - MOBI PROMOTES CROSS-INDUSTRY DIALOGUE THROUGH GLOBAL COLLOQIUMS. MOBI MEMBERS ATTEND GLOBAL CONFERENCES HOSTED BY MOBI TO NETWORK AND BRAINSTROM WITH ORGANIZATIONS WHO SHARE OUR VISION OF GREENER, SAFER AND MORE ACCESSIBLE MOBILITY. LEARN ABOUT THE PROGRESS MOBI HAS MADE AND HEAR IDEAS FROM OUR COMMUNITY MEMBERS ABOUT THE FUTURE OF MOBILITY.
EDUCATION: MOBI MEMBERS ARE ABLE TO PARTICIPATE IN AN OPEN INNOVATION CALL ONCE A MONTH. INNOVATION CALLS SERVE TO SHARE INDUSTRY BEST PRACTICES, NEW TECHNOLOGY, AND TRENDS IN SMART MOBILITY.
RESEARCH: THROUGH ITS WORKING GROUPS, MOBI IMPLEMENTS TECHNICAL RESEARCH AND DEVELOPS PAPERS AS WELL AS BLOCKCHAING STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Ballinger Board Member | OfficerTrustee | $0 | |
Sanshiro Fukao Board Member | Trustee | $0 | |
Kathleen Olstedt Board Member | Trustee | $0 | |
Tram Vo CEO & Board | OfficerTrustee | $0 | |
Joan Zerkovich Board Member | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mobi World Inc Project Mgmt | 3/30/23 | $246,000 |
Umed Khudoiberdiev Software Dev | 3/30/23 | $180,000 |
Vollinger Corp Ceo Services | 3/30/23 | $171,916 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,276,675 |
| Investment income | $62 |
| 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 | $1,276,737 |
| 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 | $236,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,750 |
| Fees for services: Management | $940,563 |
| Fees for services: Legal | $17,056 |
| Fees for services: Accounting | $51,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,700 |
| Advertising and promotion | $6,399 |
| Office expenses | $878 |
| Information technology | $9,533 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,569 |
| Interest | $29,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,773 |
| All other expenses | $0 |
| Total functional expenses | $1,369,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,476 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,000 |
| 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 | $4,890 |
| 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 | $481,366 |
| Accounts payable and accrued expenses | $47,364 |
| Grants payable | $0 |
| Deferred revenue | $7,000 |
| 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 | $567,209 |
| Other liabilities | $0 |
| Total liabilities | $621,573 |
| 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 | -$140,207 |
| Total liabilities and net assets/fund balances | $481,366 |