Ims Global Learning Consortium Inc
- Assets
- $12.5m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Lake Mary, FL
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 04-3489277
Organization Overview
Ims Global Learning Consortium Inc is located in Lake Mary, FL. The organization was established in 2003. 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. As of 12/2021, Ims Global Learning Consortium Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ims Global Learning Consortium 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 12/2021, Ims Global Learning Consortium Inc generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 11.9% 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 MISSION OF 1EDTECH CONSORTIUM (1EDTECH/1EDTECH)IS TO ADVANCE TECHNOLOGY THAT CAN AFFORDABLY SCALE AND IMPROVE EDUCATIONAL PARTICIPATION AND ATTAINMENT. TO ENSURE THE LEARNING IMPACT OF TECHNOLOGY-ENABLED INNOVATION IS ACHIEVED AROUND THE WORLD, 1EDTECH'S INFLUENTIAL COMMUNITY OF EDUCATIONAL INSTITUTIONS, SUPPLIERS, AND GOVERNMENT ORGANIZATIONS DEVELOPS OPEN INTEROPERABILITY STANDARDS, SUPPORTS ADOPTION WITH TECHNICAL SERVICES, AND ENCOURAGES ADOPTION THROUGH PROGRAMS THAT HIGHLIGHT EFFECTIVE PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF AND APPROVAL OF STANDARDS TO ENABLE INTEROPERABILITY AND ADOPTION OF LEARNING AND EDUCATIONAL TECHNOLOGY.
1EDTECH AND CASE REGISTRY - TO DEVELOP SOFTWARE FOR SCHOOLS THAT WILL BE A SECURE TRUSTED CLOUD-BASED REGISTRY AND CONNECTION SERVICE ENABLING ANY EDUCATIONAL TECHNOLOGY PROVIDER TO CONNECT TO ANY SCHOOL DISTRICT'S LEARNING PLATFORM, PORTAL, OR STUDENT SYSTEM USING THE 1EDTECH STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Abel Chief Executive Officer | OfficerTrustee | 40 | $333,500 |
Mark Leuba VP Product Development | 40 | $223,600 | |
Sandra Decastro VP Community Programs | 40 | $188,198 | |
Timothy Clark VP K-12 Programs | 40 | $185,000 | |
Lisa Mattson COO | Officer | 40 | $178,387 |
Gregory Mosbacker Technical Standards Architect | 40 | $140,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,062,947 |
| Fundraising events | $0 |
| Related organizations | $75,000 |
| Government grants | $1,296,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,608,777 |
| Total Program Service Revenue | $478,327 |
| Investment income | $33,762 |
| 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 | $7,120,866 |
| 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. | $664,871 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,533,936 |
| Pension plan accruals and contributions | $174,541 |
| Other employee benefits | $375,357 |
| Payroll taxes | $266,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,242 |
| Fees for services: Accounting | $20,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,918 |
| Advertising and promotion | $0 |
| Office expenses | $12,262 |
| Information technology | $62,942 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $409,063 |
| Insurance | $27,742 |
| All other expenses | $0 |
| Total functional expenses | $5,977,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,650,941 |
| Savings and temporary cash investments | $5,929,380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,686 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,770 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,849 |
| Net Land, buildings, and equipment | $564,033 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,539,659 |
| Accounts payable and accrued expenses | $33,668 |
| Grants payable | $0 |
| Deferred revenue | $2,524,331 |
| 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 | $293,502 |
| Total liabilities | $2,851,501 |
| Net assets without donor restrictions | $9,688,158 |
| 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 | $12,539,659 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ims Global Learning Consortium Inc has recieved totaling $518,612.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY SUCCESS | $251,806 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: POSTSECONDARY SUCCESS | $251,806 |
Mozilla Foundation San Francisco, CA PURPOSE: TO SPONSOR ANNUAL MEMBERSHIP DUES FOR A CONTRIBUTING MEMBER. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Midtown Business Association Inc Atlanta, GA | $4,952,556 | $10,845,776 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Visit Pensacola Inc Pensacola, FL | $2,535,965 | $7,930,486 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
The Florida Restaurant & Lodging Association Inc Tallahassee, FL | $14,927,226 | $6,472,755 |