Fastr Inc
- Assets
- $0.0
- Revenue
- $77.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- Data as of
- 06/2018
- EIN
- 81-2562547
Organization Overview
Fastr Inc is located in Portland, OR. Fastr 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 06/2018, Fastr Inc generated $77.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (55.6%) each year. All expenses for the organization totaled $154.7k during the year ending 06/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE COMMON BUSINESS INTEREST OF ITS MEMBERS IN IMPROVING AUTOMOTIVE SECURITY AND SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FASTR WORKS WITH THE AUTOMOTIVE ECOSYSTEM TO ENABLE THE ORGANICALLY SECURE VEHICLE OF THE FUTURE AND WILL COLLABORATE WITH LIKE-MINDED ORGANIZATIONS WORLDWIDE TO HELP THE AUTOMOTIVE INDUSTRY GET IN FRONT OF NEXT-GENERATION SECURITY RISKS AND TECHNOLOGIES MAKING THE WORLD A SAFER PLACE. FASTR'S COLLABORATIONS WITH LIKE-MINDED ORGANIZATIONS INITIATED IN 2017. FASTR PROVIDES SPECIALIST WORKSHOPS FOR MEMBERS TO LEARN ABOUT AND INFLUENCE THE LATEST AUTOMOTIVE SECURITY TECHNOLOGIES AND HELP FACILITATE COMPLIANCE WITH EVOLVING REGULATIONS AND STANDARDS.
ACCELERATE AUTOMOTIVE SECURITY INNOVATION TO ENABLE TRUST IN THE AUTONOMOUS VEHICLE OF THE FUTURE BY CATALYZING THE CREATION AND DEPLOYMENT OF KEY TECHNOLOGIES. FASTR PARTICIPATES AND INFLUENCES AUTOMOTIVE SECURITY FORUMS FROM A TECHNOLOGY PERSPECTIVE, RAISES COMMUNITY AWARENESS AND ASSISTS REGULATORS AND STANDARDS BODIES.
CONDUCT APPLIED AND THEORETICAL AUTOMOTIVE SECURITY RESEARCH IN ORDER TO DELIVER PRE-COMPETITIVE TECHNOLOGICAL BUILDING BLOCKS, SUCH AS WHITE PAPERS, REFERENCE ARCHITECTURES, CODE SAMPLES, WORKSHOPS AND BEST-KNOWN METHODS THAT AUTOMOTIVE OEMS AND SUPPLIERS CAN UTILIZE AND TO DRIVE SECURITY REQUIREMENTS ACROSS THEIR SUPPLY CHAINS. FASTR'S COLLABORATION WITH UNIVERSITIES AND OTHER LIKE-MINDED ORGANIZATIONS IN 2017 SUPPORTS LONG-TERM RESEARCH MISSION WITH AUTOMOTIVE SECURITY EXPERTISE AND ENABLE BUILDING TECH TRANSFER LINKS. FASTR UTILIZED THE FOLLOWING PROPOSED WORK-GROUPS TO FOCUS ON EACH LAYER AND PROVIDE PROOF POINTS IN 2017: TRUSTED SUPPLY CHAIN (TSC) LEADERS, MEMBER VOLUNTEERS, UNIVERSITY STUDENTS AND CONSULTANTS OR CONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Grobman President | OfficerTrustee | 1 | $0 |
Michelle Avary Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Flynn Board Member | Trustee | 0.25 | $0 |
Joe Gullo Executive Director | Officer | 8 | $0 |
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 | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $2,500 |
| Investment income | $0 |
| 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 | $77,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,195 |
| 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 | $49,800 |
| Fees for services: Legal | $38,465 |
| Fees for services: Accounting | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,925 |
| Advertising and promotion | $8,700 |
| Office expenses | $737 |
| Information technology | $282 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,614 |
| All other expenses | $0 |
| Total functional expenses | $154,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |