Information Technology Industry Council Ltd

Organization Overview

Information Technology Industry Council Ltd, operating under the name Itic, is located in Washington, DC. The organization was established in 1938. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 11/2021, Itic employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itic 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 11/2021, Itic generated $20.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $17.9m during the year ending 11/2021. While expenses have increased by 5.4% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE GLOBAL COMPETITIVENESS OF ITS MEMBER COMPANIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ITIC HELPS MEMBER COMPANIES ACHIEVE THEIR POLICY OBJECTIVES THROUGH BUILDING RELATIONSHIPS WITH MEMBERS OF CONGRESS, ADMINISTRATION OFFICIALS, AND FOREIGN GOVERNMENTS; ORGANIZING INDUSTRY-WIDE CONSENSUS ON POLICY ISSUES; AND WORKING TO ENACT TECH-FRIENDLY GOVERNMENT POLICIES. ITI WORKS TO REDUCE BARRIERS THAT STIFLE INNOVATION, INCREASE ACCESS TO GLOBAL MARKETS, PROMOTE E-COMMERCE EXPANSION, PROTECT CONSUMER CHOICE, AND ENHANCE THE GLOBAL COMPETITIVENESS OF OUR COMPANIES.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Oxman
President & CEO
$1,052,020
Andrew Halataei
Evp, Gov't Affairs
$463,223
Ashley Berrang
Evp Of Public Affairs
$408,293
Teresa O'brien
CFO & Svp, Admin
$341,602
Gordon Bitko
SVP Of Policy
$330,123
John Miller
SVP Policy, Tdt & Gc
$309,713

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Guidepoststrategies Llc
Consulting Services
$156,000
Skdknickerbocker Llc
Consulting Services
$120,000
Mercury Public Affairs Llc
Consulting Services
$275,000
Synergy Consulting Llc
Hr Consulting Services
$134,410
Venable Llp
Legal Services
$147,815
View All Vendors

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$19,741,385
Investment income $100,163
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $872,981
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,714,529

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