Gen-Z Consortium Inc
- Assets
- $754.7k
- Revenue
- $500.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 81-3713195
Organization Overview
Gen-Z Consortium Inc is located in Beaverton, OR. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gen-Z 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, Gen-Z Consortium Inc generated $500.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $542.8k during the year ending 12/2021. 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 CORPORATION AND ITS MEMBERS ARE COMMITTED TO THE CREATION, PROMOTION, AND MAINTENANCE OF A STANDARD FOR A SCALABLE, GENERAL-PURPOSE, INTERCONNECT AND PROTOCOL THAT SCALES ACROSS CONSUMER AND ENTERPRISE SOLUTIONS AND IS OPTIMIZED TO SUPPORT MEMORY SEMANTIC COMMUNICATIONS. THE CORPORATION MAY MAKE OR PROPOSE TECHNICAL STANDARDS AND INTERFACE WITH OTHER GROUPS OR BODIES DEVELOPING SUCH STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIFICATION DEVELOPMENT: THE GEN-Z CONSORTIUM MAINTAINS NUMBEROUS TECHNICAL WORK GROUPS, EACH OF WHICH IS DEVOTED TO FURTHERING THE GEN-Z SPECIFICATIONS. GEN-Z DELIVERS A DATA ACCESS TECHNOLOGY WHICH ENHANCES MEMORY AND DATA STORAGE SOLUTIONS AND PROVIDES A FRAMEWORK FOR BOTH OPTIMIZED AND TRADITIONAL STORAGE SOLUTIONS.
INDUSTRY EDUCATION AND PROMOTION: A KEY EFFORT IS TO PROVIDE INFORMATION TO THE INDUSTRY USING VARIOUS COMMISSIONED AND VOLUNTEERED RESOURCES. THESE INCLUDE BUT ARE NOT LIMITED TO: COMMISSIONING AND PUBLIC POSTING OF WHITE PAPERS DESCRIBING THE BENEFITS OF GEN-Z TECHNOLOGIES COMMISSIONING AND PUBLIC POSTING OF VIDEOS DESCRIBING THE BENEFITS OF GEN-Z TECHNOLOGIES TAKING ADVANTAGE OF INDUSTRY SPEAKING AND TRADESHOW OPPORTUNITIES SHOWCASE DEVELOPMENTS AND ACTIVELY ENGAGE WITH THE AFFECTED INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hiren Patel President | OfficerTrustee | 2 | $0 |
Barry Mcauliffe Secretary | OfficerTrustee | 2 | $0 |
Tim Symons Vice Preside | OfficerTrustee | 2 | $0 |
Kurtis Bowman Treasurer | OfficerTrustee | 2 | $0 |
Thomas Won Ha Choi Director | Trustee | 2 | $0 |
Leendert Van Doorn Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nereus Public Relation | 12/30/21 | $146,802 |
Vital Technical Marketing Inc Management | 12/30/21 | $100,099 |
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 | $500,767 |
| Investment income | $151 |
| 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 | $500,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $72,120 |
| Fees for services: Legal | $34,721 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,302 |
| Advertising and promotion | $1,667 |
| Office expenses | $3,175 |
| Information technology | $16,188 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,753 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,181 |
| Insurance | $1,415 |
| All other expenses | $96,239 |
| Total functional expenses | $542,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,100 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,500 |
| 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 | $229 |
| Net Land, buildings, and equipment | $50,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $754,741 |
| Accounts payable and accrued expenses | $58,195 |
| Grants payable | $0 |
| Deferred revenue | $228,750 |
| 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 | $286,945 |
| Net assets without donor restrictions | $0 |
| 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 | $467,796 |
| Total liabilities and net assets/fund balances | $754,741 |
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