Fibre Channel Industry Association
- Assets
- $273.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 04/2000
- Data as of
- 12/2021
- EIN
- 33-0576618
Organization Overview
Fibre Channel Industry Association is located in Plymouth, MN. The organization was established in 2000. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fibre Channel Industry Association 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, Fibre Channel Industry Association generated $117.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $98.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TRADE ASSOCIATION FOR THE FIBRE CHANNEL LOOP FIELD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rupin Mohan Secretary | 3 | $0 | |
Steven Wilson Director | 1 | $0 | |
Chris Lyon Chairman | 3 | $0 | |
Mark Jones Director | 1 | $0 | |
Patty Driever Director | 1 | $0 | |
Martin Skagen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,621 |
| Membership dues | $114,800 |
| Investment income | $116 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $117,537 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $50,582 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,772 |
| Other expenses | $46,089 |
| Total expenses | $98,443 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $213,704 |
| Other assets | $0 |
| Total assets | $273,155 |
| Total liabilities | $129,935 |
| Net assets or fund balances | $143,220 |
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|---|---|---|
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Paramedic Foundation Duluth, MN | $23,086 | $170,213 |
Minnesota Association Of Health Underwriters Saint Louis Park, MN | $6,220 | $105,612 |
Hamsters Usa Inc Rapid City, SD | $93,419 | $0 |
Fibre Channel Industry Association Plymouth, MN | $273,155 | $0 |
Fix The System - Wisconsin Action Inc Middleton, WI | $210,403 | $151,283 |
Harris Firemans Relief Association Harris, MN | $183,509 | $0 |
Rock Rapids Development Corporation Inc Rock Rapids, IA | $1,599,378 | $119,850 |