Innovative Optical And Wireless Network Global Forum Inc
- Assets
- $3.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4628405
Organization Overview
Innovative Optical And Wireless Network Global Forum Inc is located in Wakefield, MA. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovative Optical And Wireless Network Global Forum 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROPEL TECHNOLOGIES IN COMMUNICATION AND NETWORK INFRASTRUCTURE TO MEET TECHNOLOGICAL CHALLENGES AND SOCIAL NEEDS SO THAT WE WILL BE ABLE TO CONTRIBUTE TO DELIVERING THE BEST VALUE TO ALL GLOBAL CITIZENS, MAKING THE WORLD A BETTER PLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IOWN GLOBAL FORUM ACCOMPLISHMENTS IN 2021 INCLUDE: THE EXPANSION OF THE BOARD TO NINE DIRECTORS WITH THE FIRST ELECTION, RELEASE OF THE SYSTEM AND TECHNOLOGY OUTLOOK PAPER, RELEASE OF AIC & CPS USE CASE INTERIM REPORTS AND VERSION 1.0, CREATION OF EXPLANATORY VIDEOS, THE FORMATION OF A LIAISON PROGRAM MANAGED BY A LIAISON WORKING GROUP, HOSTING OF THREE MEMBER MEETINGS (INCLUDING AN ANNUAL MEMBER MEETING) AND THE LAUNCH OF A NEWSLETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geng Wu Treasurer | OfficerTrustee | 5 | $0 |
Katsuhiko Kawazoe President | OfficerTrustee | 5 | $0 |
Masayuki Hattori Secretary | OfficerTrustee | 5 | $0 |
Yuan-Kuang Tu Director | Trustee | 5 | $0 |
Vishwamitra Nandlall Director | Trustee | 5 | $0 |
Shingo Mizuno Director | Trustee | 5 | $0 |
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 | $1,977,333 |
| 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 | $1,977,333 |
| 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 | $231,250 |
| Fees for services: Legal | $47,479 |
| Fees for services: Accounting | $48,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $230,360 |
| Office expenses | $86,721 |
| Information technology | $50,250 |
| 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 | $85,414 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $779,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,653,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $574,000 |
| 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 | $37,044 |
| 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 | $3,264,207 |
| Accounts payable and accrued expenses | $53,181 |
| Grants payable | $0 |
| Deferred revenue | $1,681,768 |
| 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 | $1,734,949 |
| Net assets without donor restrictions | $1,529,258 |
| 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 | $3,264,207 |
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|---|---|---|
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The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
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Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |
Authors Guild Inc New York, NY | $3,070,324 | $4,065,324 |