Pci Sig
- Assets
- $7.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 93-1288657
Organization Overview
Pci Sig is located in Beaverton, OR. The organization was established in 2010. 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. Pci Sig 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 12/2021, Pci Sig generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PCI-SIG IS THE INDUSTRY ORGANIZATION CHARTERED TO DEVELOP AND MANAGE THE PCI STANDARD. WITH OVER 800 MEMBERS, THE PCI-SIG EFFECTIVELY PLACES OWNERSHIP AND MANAGEMENT OF THE PCI SPECIFICATIONS IN THE HANDS OF THE DEVELOPER COMMUNITY. A BOARD OF DIRECTORS COMPRISED OF NINE PEOPLE, EACH ELECTED BY THE MEMBERSHIP, LEADS THE PCI-SIG. THE PCI-SIG IS CHARTERED TO: (1) MAINTAIN THE FORWARD COMPATIBILITY OF ALL PCI REVISIONS OR ADDENDA. (2) CONTRIBUTE TO BOTH THE ESTABLISHMENT OF PCI AS AN INDUSTRY-WIDE STANDARD AND TO THE TECHNICAL LONGEVITY OF THE PCI ARCHITECTURE. (3) MAINTAIN THE PCI SPECIFICATION AS A SIMPLE, EASY-TO- IMPLEMENT, STABLE TECHNOLOGY THAT SUPPORTS THE SPIRIT OF ITS DESIGN. THE PCI-SIG FULFILLS ITS CHARTER BY CONTINUING TO PROMOTE INNOVATION AND EVOLVE THE PCI STANDARD TO MEET THE INDUSTRY'S NEEDS. THROUGH INTEROPERABILITY TESTING, TECHNICAL SUPPORT, SEMINARS AND INDUSTRY EVENTS, THE PCI-SIG ENABLES ITS MEMBERS TO GENERATE COMPETITIVE AND QUALITY PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPERS CONFERENCE: DESIGNED TO HELP OUR MEMBER COMPANIES DEVELOP AND BRING TO MARKET PRODUCTS UTILIZING PCI TECHNOLOGY FEATURING THE LATEST SERIES OF TECHNICAL TRAINING SESSIONS PRESENTED BY PCI-SIG WORKGROUP CHAIRS AND OTHER PCI EXPERTS.
COMPLIANCE WORKSHOPS: OFFER MEMBERS THE OPPORTUNITY TO TEST AND VALIDATE THEIR PRODUCTS BEFORE THEY ENTER THE FIELD. TESTING IS COMPLETED AGAINST PCI-SIG MAINTAINED SYSTEMS, AS WELL AS OTHER LEADING MANUFACTURERS OF PCI PRODUCTS.
FULFILLMENT/FIXTURES: PCI-SIG COMMISSIONS A VARIETY OF FIXTURES TO ASSIST MEMBERS WITH COMPLIANCE TESTING AND ARE MADE AVAILABLE TO MEMBER FOR PURCHASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Yanes President/ch | OfficerTrustee | 10 | $0 |
Debendra Das Sharma Treasurer | OfficerTrustee | 4 | $0 |
Richard Solomon Vice Pres/se | OfficerTrustee | 6 | $0 |
Reen Presnell Executive Di | Officer | 10 | $0 |
Gord Caruk Director | Trustee | 2 | $0 |
Steve Glaser Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vital Technical Marketing Inc Management | 12/30/21 | $1,903,856 |
Schwabe Williamson Wyatt Legal | 12/30/21 | $215,018 |
Nereus Public Relation | 12/30/21 | $214,534 |
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 | $3,604,150 |
| Investment income | $96 |
| 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 | -$42,519 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,561,727 |
| 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 | $602,280 |
| Fees for services: Legal | $215,068 |
| Fees for services: Accounting | $34,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $734,239 |
| Advertising and promotion | $29,941 |
| Office expenses | $80,547 |
| Information technology | $96,060 |
| 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 | $1,045,269 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $38,379 |
| All other expenses | $0 |
| Total functional expenses | $2,876,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,303,741 |
| Savings and temporary cash investments | $2,571,919 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $748,624 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $7,624,284 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $116,935 |
| Total liabilities | $116,935 |
| Net assets without donor restrictions | $7,507,349 |
| 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 | $7,624,284 |
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