Object Management Group Inc
- Assets
- $2.1m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 36
- Location
- Milford, MA
- Founding
- 08/1990
- Data as of
- 03/2023
- EIN
- 04-3047994
Organization Overview
Object Management Group Inc is located in Milford, MA. The organization was established in 1990. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Object Management Group Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Object Management Group 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.
For the year ending 03/2023, Object Management Group Inc generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $7.0m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. 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 PURPOSE OF THE ORGANIZATION IS: TO PROMOTE OJECT-ORIENTED APPLICATIONS INTEGRATION BASED ON APPROPRIATE INDUSTRY STANDARDS, A MODEL- DRIVEN ARCHITECTURAL APPROACH TO SOFTWARE DESIGN AND THE APPLICATION OF MODELING AND MIDDLEWARE TECHNOLOGY TO SPECIFIC VIRTUAL MARKETS; TO FOSTER BUILDING COMMUNITIES IN MODERN COMPUTING TECHOLOGY; TO PROMOTE FRAMEWORKS FOR COMPATIBLE AND INDEPENDENT DEVELOPMENT OF APPLICATIONS; TO ENABLE COORDINATION AMONG APPLICATIONS ACROSS HETEROGENEOUS NETWORKED SYSTEMS IN A MULTINATIONAL, MULTILINGUAL ENVIRONMENT; TO ADOPT A CORE OF SPECIFICATIONS THAT COMPLY WITH THESE FRAMEWORKS AND TO PROMOTE THEIR INTERNATIONAL MARKET ACCEPTANCE AND USE; TO ACTIVELY INFLUENCE THE FUTURE DIRECTION AND DEVELOPMENT OF THESE ADOPTED SPECIFICATIONS; AND TO FOSTER THE DEVELOPMENT OF TOOLS AND APPLICATIONS THAT CONFORM TO THESE SPECIFICATIONS AND TO PROVIDE A MECHANISM FOR CERTIFYING COMPLIANCE WITH ADOPTED SPECIFICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVELOPS AND PROMOTES STANDARDS FOR A HETEROGENEOUS OPERATING ENVIRONMENT BASED UPON OBJECT ORIENTED PROGRAMMING. OVER 440 MEMBERS ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hoffman Chairman And | OfficerTrustee | 40 | $383,271 |
Stephen Mellor Chief Tech. | Officer | 40 | $261,845 |
Daniel Isaacs Vp/technical | 40 | $190,320 | |
Nancy Zukowski Chief Of Mar | Officer | 40 | $191,047 |
Richard Soley Former Chair | 40 | $186,375 | |
Jason Smith Vp/technical | Officer | 40 | $172,643 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Highland Consulting Group Consulting | 3/30/23 | $109,351 |
Evan Birkhead Llc Consulting | 3/30/23 | $115,625 |
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 | $6,885,674 |
| Investment income | $291 |
| 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 | $6,885,965 |
| 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. | $856,507 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,189,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $362,292 |
| Payroll taxes | $209,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,342 |
| Fees for services: Accounting | $49,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $586 |
| Advertising and promotion | $337,813 |
| Office expenses | $1,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,271 |
| Travel | $75,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,668 |
| Insurance | $59,548 |
| All other expenses | $355,161 |
| Total functional expenses | $7,016,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $554,337 |
| 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 | $224,005 |
| Net Land, buildings, and equipment | $311,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $427,051 |
| Total assets | $2,144,200 |
| Accounts payable and accrued expenses | $1,822,620 |
| Grants payable | $0 |
| Deferred revenue | $2,266,758 |
| 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 | $150,000 |
| Other liabilities | $323,636 |
| Total liabilities | $4,563,014 |
| Net assets without donor restrictions | -$2,418,814 |
| 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 | $2,144,200 |