Usb Implementers Forum Inc
- Assets
- $6.2m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 93-1296452
Organization Overview
Usb Implementers Forum Inc is located in Beaverton, OR. The organization was established in 2001. 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. Usb Implementers Forum 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, Usb Implementers Forum Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE DEVELOPMENT AND ADOPTION OF USB TECHNOLOGY DEVICES AND SERVE THE COMPUTER INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUR USB COMPLIANCE WORKSHOPS WERE HELD DURING 2021.
DURING 2021, THERE WERE TWO USB DEVELOPERS DAYS EVENTS HELD, WITH A TOTAL OF 276 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey L Ravencraft President & COO | Officer | 40 | $228,008 |
Brad Saunders Chair & Director | OfficerTrustee | 5 | $0 |
Alan Berkema Vice-President, Secretary & Director | OfficerTrustee | 5 | $0 |
Philip Leung Treasurer & Director | OfficerTrustee | 5 | $0 |
Dave Conroy Director | Trustee | 5 | $0 |
Gerard Mas Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Specwerkz Llc Consulting/test Development | 12/30/21 | $959,352 |
Cooley Llp Legal Counsel | 12/30/21 | $552,305 |
Nereus Public Relations | 12/30/21 | $298,670 |
Vtm Group Mgmt, Event Plnng & Mgmt, Consltg, Promo | 12/30/21 | $1,389,343 |
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 | $5,548,360 |
| 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 | $62,606 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,610,966 |
| 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 | $228,008 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $728,040 |
| Fees for services: Legal | $59,983 |
| Fees for services: Accounting | $42,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $721,119 |
| Office expenses | $67,598 |
| Information technology | $110,900 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,933,380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274,618 |
| Insurance | $8,292 |
| All other expenses | $0 |
| Total functional expenses | $4,931,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,661,582 |
| Savings and temporary cash investments | $2,272,914 |
| 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 | $472,648 |
| Prepaid expenses and deferred charges | $464 |
| Net Land, buildings, and equipment | $521,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $309,939 |
| Other assets | $0 |
| Total assets | $6,239,445 |
| Accounts payable and accrued expenses | $299,220 |
| 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 | $299,220 |
| Net assets without donor restrictions | $5,940,225 |
| 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 | $6,239,445 |
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