Home Connectivity Alliance
- Assets
- $452.0k
- Revenue
- $385.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- Data as of
- 12/2022
- EIN
- 87-3001132
Organization Overview
Home Connectivity Alliance 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. Home Connectivity Alliance 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 12/2022, Home Connectivity Alliance generated $385.0k in total revenue. All expenses for the organization totaled $537.3k during the year ending 12/2022. While expenses have increased by 120.4% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOME CONNECTIVITY ALLIANCE IS A NONPROFIT CORPORATION FORMED FOR THE FOLLOWING PURPOSES: (I) TO FACILITATE TECHNICAL COLLABORATION OF ITS MEMBERS IN ORDER TO EXPLORE THE DIFFERENT SOLUTIONS ALLOWING INTEROPERABILITY BETWEEN CONNECTED PRODUCT FEATURES THROUGH A SECURE AND PRIVATE ENVIRONMENT IN FURTHERANCE OF FOSTERING HOLISTIC SMART HOME EXPERIENCES FOR CONSUMERS; (II) TO PROMOTE THROUGH ITS WORK PRODUCT THE WORK OF THE CORPORATION; (III) TO DEFINE THROUGH REFERENCE DOCUMENTS AND WORK PRODUCT A CLEAR STRATEGY FOR ENABLING MEMBERS INTEROPERABILITY AND INTERACTIVITY BY ESTABLISHING OPEN GUIDING PRINCIPLES FOR INTEROPERABILITY, ACCESS, AND PLATFORM INFRASTRUCTURE TO DRIVE SEAMLESS INTERCONNECTION ACROSS THE SMART HOME PRODUCT LANDSCAPE WITH AN EMPHASIS ON FOSTERING AN OPEN AND BALANCED ENVIRONMENT FOR PARTICIPATION BY ALL INTERESTED CONSUMER ELECTRONICS RELATED ENTITIES; (IV) TO PROVIDE SECURE, CONSISTENT, AND FRICTIONLESS SMART HOME EXPERIENCES FOR CONSUMERS AND MANUFACTURERS OF INTE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGAGE IN THE DEVELOPMENT OF, DISSEMINATION, SUPPORT, AND MAINTENANCE OF VARIOUS WORK PRODUCT, REFERENCE DOCUMENTS, JOINT SUBMISSIONS, AND SOFTWARE PROJECTS. ORGANIZED CONFERENCES RELATED TO THE PURPOSE OF THE CORPORATION.
COORDINATE THE PROMOTION OF THE HOME CONNECTIVITY ALLIANCE WORK PRODUCT AND REFERENCE DOCUMENTS AMONG MEMBERS AND NON-MEMBERS, AS WELL AS CREATE MARKETING PROMOTIONAL COLLATERAL. HCA PARTICIPATED IN THE IFA 2022 TRADESHOW AND PROMOTED THE FIRST DEMONSTRATION OF INTEROPERABILITY.
MAINTAIN RELATIONS WITH OTHER STANDARD SETTING ORGANIZATIONS AND INDUSTRY CONSORTIA, AND STRIVE FOR COHERENCE AMONG STANDARDS OR SPECIFICATIONS MAINTAINED BY THE HOME CONNECTIVITY ALLIANCE AND THOSE OF SUCH OTHER ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoonho Choi President | OfficerTrustee | 10 | $0 |
Erin Joy Secretary | OfficerTrustee | 1 | $0 |
Shawn Stover Treasurer | OfficerTrustee | 3 | $0 |
Andrea Corda Director | Trustee | 1 | $0 |
Selahattin Koksal Director | Trustee | 1 | $0 |
Linsey Miler Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vital Technical Marketing Inc Management | 12/30/22 | $140,340 |
Nereus Public Relation | 12/30/22 | $127,896 |
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 | $385,000 |
| 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 | $385,000 |
| 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 | $102,063 |
| Fees for services: Legal | $27,081 |
| Fees for services: Accounting | $1,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,100 |
| Advertising and promotion | $11,964 |
| Office expenses | $3,191 |
| Information technology | $7,895 |
| 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 | $247,889 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,500 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $537,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,000 |
| 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 | $87,786 |
| Net Land, buildings, and equipment | $8,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,597 |
| Total assets | $452,034 |
| Accounts payable and accrued expenses | $79,998 |
| Grants payable | $0 |
| Deferred revenue | $565,000 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $644,998 |
| 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 | -$192,964 |
| Total liabilities and net assets/fund balances | $452,034 |