Mlcommons Association
- Assets
- $6.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- Data as of
- 12/2023
- EIN
- 85-0546914
Organization Overview
Mlcommons Association is located in Beaverton, OR. 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. Mlcommons 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 12/2023, Mlcommons Association generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. 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
THE MISSION OF MLCOMMONS IS TO: (1) ADVANCE THE SCIENTIFIC FIELD OF MACHINE LEARNING AND INCREASE THE POSITIVE IMPACT OF MACHINE LEARNING AND ARTIFICIAL INTELLIGENCE ON SOCIETY, (2) ENGAGE IN OR SPONSOR COLLABORATIVE RESEARCH AND DEVELOPMENT IN CONNECTION WITH THE MEASUREMENT AND VALIDATION OF MACHINE LEARNING, (3) PUBLISH THE RESULTS OF THE COLLABORATIVE RESEARCH AND DEVELOPMENT PROJECTS OF MLC AND PROVIDE OTHER RESOURCES TO THE SCIENTIFIC COMMUNITY AND THE PUBLIC AT LARGE WITH RESPECT TO MACHINE LEARNING, AND (4) TO ENGAGE IN FURTHER ACTIVITIES IN FURTHERANCE OF THE FOREGOING PURPOSES BY ALL OTHER LAWFUL MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S LARGEST EXEMPT-PURPOSE SPEND THROUGH LAST YEAR WAS ON PROFESSIONAL SERVICES SUCH AS EXECUTIVE DIRECTOR, LEGAL COUNSEL, AND ENGINEERING SUPPORT FOR BENCHMARKS AND DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Mattson President | OfficerTrustee | 3.5 | $0 |
Carole-Jean Wu Vice-Preside | OfficerTrustee | 1.5 | $0 |
Vijay Janapa Reddi Vice-Preside | OfficerTrustee | 1.5 | $0 |
Ritika Borkar Secretary | OfficerTrustee | 2.5 | $0 |
Sally Doherty Director | Trustee | 1 | $0 |
Peter Baldwin Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Real World Insights Llc Ed Service | 12/30/23 | $551,146 |
Vital Technical Marketing Inc Management | 12/30/23 | $246,893 |
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 | $3,954,198 |
| Investment income | $132,919 |
| 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 | $4,137,117 |
| 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 | $46,200 |
| Fees for services: Legal | $107,935 |
| Fees for services: Accounting | $14,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,327,773 |
| Advertising and promotion | $57,153 |
| Office expenses | $18,181 |
| Information technology | $92,431 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,528 |
| 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 | $27,500 |
| Insurance | $2,530 |
| All other expenses | $0 |
| Total functional expenses | $2,907,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,245,482 |
| Savings and temporary cash investments | $3,799,095 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $605,000 |
| 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 | $8,757 |
| 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 | $6,658,334 |
| Accounts payable and accrued expenses | $207,991 |
| Grants payable | $0 |
| Deferred revenue | $1,542,219 |
| 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 | $1,750,210 |
| 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 | $4,908,124 |
| Total liabilities and net assets/fund balances | $6,658,334 |