Tech Inventors Alliance
- Assets
- $1.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 82-1595397
Organization Overview
Tech Inventors Alliance, operating under the name High Tech Inventors Alliance, is located in Washington, DC. 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. High Tech Inventors Alliance 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 12/2023, High Tech Inventors Alliance generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 13.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT LEGAL REFORM EFFORTS THAT PROTECT COMPANIES' INNOVATION AND CONTRIBUTIONS TO THE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HIGH TECH INVENTORS ALLIANCE (HTIA) HAS BEEN AN ADVOCATE FOR BALANCED REFORMS AT THE US PATENT AND TRADEMARK OFFICE, THE US COURTS, AND CONGRESS, ADDRESSING THE ROOT CAUSES OF PATENT LITIGATION ABUSE WHILE PROMOTING A PATENT SYSTEM THAT ENCOURAGES INVESTMENT IN NEW TECHNOLOGIES AND AMERICAN JOBS. THOSE REFORMS INCLUDE:- IMPROVING PATENT QUALITY;- SUPPORTING THE INTER PARTES REVIEW PROCEDURE OF THE AMERICA INVENTS ACT;- MAKING PATENT LITIGATION FAIR AND EFFICIENT;- APPLYING DAMAGE AWARDS THAT ARE FAIR AND SUPPORT INNOVATION.IN 2023, HTIA ACTIVELY PARTICIPATED IN THE POLICY-MAKING PROCESS BY SUBMITTING COMMENTS AND RECOMMENDATIONS TO THE USPTO. HTIA SUPPORTED THE PROPOSED RULE GOVERNING PRE-ISSUANCE INTERNAL CIRCULATION AND REVIEW OF DECISIONS AT THE PATENT TRIAL AND APPEAL BOARD (PTAB), WHICH INCLUDES A PROVISION TO PROTECT THE INDEPENDENCE OF PTAB. IN ADDITION, HTIA PROPOSED MODIFICATIONS TO ENHANCE THE POLICY GUIDANCE WITHIN THE SAME RULE. HTIA ALSO EXPRESSED CONCERNS REGARDING THE ADVANCE NOTICE OF PROPOSED RULEMAKING ABOUT DISCRETIONARY INSTITUTION PRACTICES AT THE PTAB THAT COULD POTENTIALLY RESTRICT ACCESS TO PATENT REVIEW PROCEEDINGS IN VARIOUS CASES. IN ADDITION, THE ALLIANCE PROVIDED FEEDBACK ON THE EMERGENCE OF ARTIFICIAL INTELLIGENCE, STRESSING THAT AI SHOULD BE SEEN AS A TOOL AIDING HUMAN INVENTORS RATHER THAN BEING ACKNOWLEDGED AS AN INVENTOR ITSELF. ADDITIONALLY, HTIA HAS ADDRESSED THE ISSUES SURROUNDING THIRD-PARTY LITIGATION FUNDING, ESPECIALLY THE LACK OF TRANSPARENCY AND THE INFLUENCE OF FUNDERS IN THE LITIGATION THEY SPONSOR. THE ALLIANCE HAS RAISED THESE ISSUES IN JOINT COMMENTS ON THE FEDERAL RULES OF CIVIL PROCEDURE AND HIGHLIGHTED THEM IN A JOINT LETTER TO THE U.S. HOUSE JUDICIARY SUBCOMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Jezek Secretary | OfficerTrustee | 1 | $0 |
Laura Sheridan Treasurer | OfficerTrustee | 1 | $0 |
Vishal Amin Director | Trustee | 1 | $0 |
Tom Brown Director | Trustee | 1 | $0 |
Dan Choi Director As Of 11/2023 | Trustee | 1 | $0 |
Jeff Dean Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Haynes Boone Legal Services | 12/30/23 | $175,000 |
Franklin Square Group Lobbying | 12/30/23 | $260,000 |
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 | $1,265,000 |
| Investment income | $60 |
| 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 | $1,265,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $60,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $433,500 |
| 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 | $0 |
| Fees for services: Legal | $247,698 |
| Fees for services: Accounting | $20,332 |
| Fees for services: Lobbying | $327,049 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,731 |
| Advertising and promotion | $0 |
| Office expenses | $213 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,324 |
| Total functional expenses | $1,180,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,615 |
| Savings and temporary cash investments | $602,528 |
| 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 | $217 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200 |
| Total assets | $1,034,560 |
| Accounts payable and accrued expenses | $47,000 |
| 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 | $47,000 |
| Net assets without donor restrictions | $387,560 |
| Net assets with donor restrictions | $600,000 |
| 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 | $1,034,560 |