Automotive Edge Computing Consortium Inc
- Assets
- $1.4m
- Revenue
- $619.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- Data as of
- 12/2023
- EIN
- 82-3054031
Organization Overview
Automotive Edge Computing Consortium Inc is located in Wakefield, MA. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Automotive Edge Computing 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 12/2023, Automotive Edge Computing Consortium Inc generated $619.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.1%) each year. All expenses for the organization totaled $886.7k during the year ending 12/2023. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 ACCOMPLISHMENTS:-REVAMP OF LIAISON PROGRAM-RECRUITMENT CAMPAIGN AND BOARD INITIATIVES-INTRODUCED SPONSOR PROGRAM-TRIAL ADOPTOR PROGRAM-MEMBER VALUE SURVEY-POC PROGRAM-HELD TWO IN PERSON MEETINGS-HOSTED GSMA MOBILE WORLD CONGRESS PANEL, "A SMART AND CONNECTED WORLD IN THE EDGE COMPUTING ERA" ON MARCH 1 ; THE PANEL FEATURED SPEAKERS FROM TOYOTA, NEXAR AND KDDI MEMBER COMPANIES, LED BY GSMA ANALYST PABLO IACOPINO-AECC AND FROST & SULLIVAN HOSTED THE ON-DEMAND WEBINAR, "UNLOCKING AND ACCELERATING THE CONNECTED VEHICLE SERVICES OPPORTUNITY." AECC MEMBERS PRESENTING ON THE WEBINAR INCLUDE DENSO, ERICSSON AND NEXAR.-ANNOUNCED MOTER TECHNOLOGIES AS A NEW AECC MEMBER-PUBLISHED A COMPREHENSIVE WHITE PAPER, "CONNECTED INFRASTRUCTURE FOR THE REALIZATION OF THE GREEN MOBILITY SOCIETY, AND GROUNDBREAKING GREEN MOBILITY PROOF OF CONCEPT (POC) BY AECC MEMBERS TOYOTA, KDDI, AND CISCO.-PUBLISHED WHITE PAPER TITLED "DATA MANAGEMENT SYSTEMS IN THE DISTRIBUTED ENVIRONMENT"-SUPPORTED INDUSTRY SPEAKING EVENTS (MURATA-SAN AT EDGETECH+, ROGER AT EDGE COMPUTING WORLD AND EDGE AI SUMMIT, CREATED COLLATERAL FOR ITS IN CHINA).-POC SUPPORT INCLUDED THREE WRITE-UPS AND THREE VIDEOS ON 2023 (DOUBLING THE SIZE OF THE HUB)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken-Ichi Murata Founding Chairperson | OfficerTrustee | 1 | $0 |
Dr Geng Wu Treasurer (left 2023) | OfficerTrustee | 1 | $0 |
Christer Boberg Secretary | OfficerTrustee | 1 | $0 |
Roger Berg Communications Vice Chair/treasurer | OfficerTrustee | 1 | $0 |
Ryokichi Onishi President/chairperson (as Of 12/2023) | OfficerTrustee | 1 | $0 |
Tomohiro Otani Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Virtual Inc Professional Services | 12/30/23 | $756,642 |
Gsma Advisory Services Ltd Consulting Services | 12/30/23 | $106,488 |
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 | $608,167 |
| Investment income | $1,562 |
| 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 | $619,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $150,695 |
| Fees for services: Legal | $14,209 |
| Fees for services: Accounting | $39,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,756 |
| Advertising and promotion | $230,153 |
| Office expenses | $17,000 |
| Information technology | $13,760 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $221,416 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,513 |
| All other expenses | $152,665 |
| Total functional expenses | $886,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $865,271 |
| Savings and temporary cash investments | $510,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,000 |
| 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 | $10,144 |
| 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 | $1,445,680 |
| Accounts payable and accrued expenses | $119,448 |
| Grants payable | $0 |
| Deferred revenue | $325,417 |
| 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 | $444,865 |
| Net assets without donor restrictions | $1,000,815 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,445,680 |