Xr Association
- Assets
- $5.6m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 85-0836692
Organization Overview
Xr Association is located in Washington, DC. As of 12/2022, Xr Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xr 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 12/2022, Xr Association generated $7.5m in total revenue. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 70.6% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RESPONSIBLE DEVELOPMENT AND ADOPTION OF VIRTUAL AND AUGMENTED REALITY GLOBALLY WITH BEST PRACTICES, DIALOGUE ACROSS STAKEHOLDERS AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE XR ASSOCIATION PROMOTES THE DYNAMIC GLOBAL GROWTH OF THE XR INDUSTRY. WE UNITE EXPERTS, RESEARCHERS, DEVELOPERS, POLICY LEADERS AND OTHER KEY STAKEHOLDERS IN WORKING COLLABORATIVELY ON IMPORTANT MATTERS THAT WILL IMPACT THE FUTURE OF THE XR INDUSTRY. THIS INCLUDES THE CONVENING OF WORKING GROUPS ORGANIZED TO ADDRESS BOTH NEAR AND LONG TERM CHALLENGES TO THE INDUSTRY'S GROWTH. TOGETHER, WE ENABLE THE DEVELOPMENT OF RELEVANT RESEARCH AND GUIDANCE. WE ALSO HOST AND PARTICIPATE IN INTERNATIONAL DISCUSSIONS THAT SHAPE THE PUBLIC DISCOURSE ON XR TECHNOLOGY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hyman Chief Executive Officer | Officer | 40 | $516,186 |
Heidi Holman Chairperson | OfficerTrustee | 1 | $0 |
Marc Metis Secretary | Trustee | 1 | $0 |
Daniel Guenther Director | Trustee | 1 | $0 |
James Green Director | Trustee | 1 | $0 |
Debbie Girolamo Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glen Echo Group Llc Public Relations Consulting | 12/30/22 | $242,730 |
Monument Policy Group Government Relations & Lobbying | 12/30/22 | $184,994 |
Five Ones Marketing & Communications | 12/30/22 | $111,800 |
Locust Street Group Advertising Agency | 12/30/22 | $167,806 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $386,879 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,386,879 |
| Total Program Service Revenue | $72,497 |
| Investment income | $20,506 |
| 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 | $7,490,962 |
| 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. | $516,186 |
| Compensation of current officers, directors, key employees. | $516,186 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,119,914 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $124,625 |
| Payroll taxes | $96,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,110 |
| Fees for services: Accounting | $52,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,182 |
| Information technology | $50,309 |
| Royalties | $0 |
| Occupancy | $172,532 |
| Travel | $88,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $832 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,051 |
| Insurance | $7,419 |
| All other expenses | $1,338,146 |
| Total functional expenses | $3,894,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,068,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,235 |
| 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 | $75,688 |
| Net Land, buildings, and equipment | $22,381 |
| Investments—publicly traded securities | $3,414,625 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $27,884 |
| Other assets | $11,101 |
| Total assets | $5,621,963 |
| Accounts payable and accrued expenses | $13,209 |
| Grants payable | $0 |
| Deferred revenue | $71,076 |
| 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 | $41,455 |
| Total liabilities | $125,740 |
| Net assets without donor restrictions | $5,496,223 |
| 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 | $5,621,963 |