Civic Intelligence

Ieee Industry Standards and Technology

990 • Fiscal year 2024 • EIN 22-3639558

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 17, 2025

Organization ProfileWWW.ISTO.ORG
371 Hoes Lane Suite 200Piscataway, NJ 08854

(732) 377-2051

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.89x

Higher debt load relative to assets than 86% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

2.08x

Higher debt load relative to revenue than 73% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Net Margin

39th percentile

2.3%

Higher net margin than 39% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$324,491

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2024 filings • NTEE S • $10M-$25M nonprofits • Source year 2024

Asset Growth

49th percentile

3.4%

Faster asset growth than 49% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-8.4%

Faster revenue growth than 27% of similar nonprofits.

2024 filings • NTEE S • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$10,960,581

Up $363,404 (+3.4%) from 2023

Net Assets

Up

$1,203,053

Up $109,192 (+10.0%) from 2023

Liabilities

Up

$9,757,528

Up $254,212 (+2.7%) from 2023

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin39th percentile

Revenue

Down

$4,689,529

Down $427,760 (-8.4%) from 2023

Expenses

Down

$4,580,337

Down $591,809 (-11%) from 2023

Net Income

Up

$109,192

Up $164,049 (+299%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $22,477,898Liabilities 2010: $21,832,119Net Assets 2010: $645,7792010Assets 2011: $20,184,370Liabilities 2011: $19,336,054Net Assets 2011: $848,3162011Assets 2012: $20,649,873Liabilities 2012: $19,799,419Net Assets 2012: $850,4542012Assets 2013: $13,319,642Liabilities 2013: $12,382,237Net Assets 2013: $937,4052013Assets 2014: $15,365,300Liabilities 2014: $14,427,895Net Assets 2014: $937,4052014Assets 2015: $16,564,120Liabilities 2015: $15,578,685Net Assets 2015: $985,4352015Assets 2016: $18,065,931Liabilities 2016: $17,067,367Net Assets 2016: $998,5642016Assets 2017: $19,963,497Liabilities 2017: $18,948,467Net Assets 2017: $1,015,0302017Assets 2018: $22,474,476Liabilities 2018: $21,449,530Net Assets 2018: $1,024,9462018Assets 2019: $11,462,343Liabilities 2019: $10,461,911Net Assets 2019: $1,000,4322019Assets 2020: $6,683,131Liabilities 2020: $5,602,328Net Assets 2020: $1,080,8032020Assets 2021: $7,891,039Liabilities 2021: $6,729,006Net Assets 2021: $1,162,0332021Assets 2022: $8,953,678Liabilities 2022: $7,804,960Net Assets 2022: $1,148,7182022Assets 2023: $10,597,177Liabilities 2023: $9,503,316Net Assets 2023: $1,093,8612023Assets 2024: $10,960,581Liabilities 2024: $9,757,528Net Assets 2024: $1,203,0532024

Highlighted filing

2024

Assets$10,960,581
Liabilities$9,757,528
Net Assets$1,203,053
Open 2024 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2010: $10,879,808Expenses 2010: $10,689,845Net Income 2010: $189,9632010Expenses 2011: $9,006,0532011Revenue 2012: $10,332,985Expenses 2012: $10,330,847Net Income 2012: $2,1382012Revenue 2013: $7,091,926Expenses 2013: $7,004,975Net Income 2013: $86,9512013Revenue 2014: $8,262,494Expenses 2014: $8,262,494Net Income 2014: $02014Revenue 2015: $8,173,497Expenses 2015: $8,125,467Net Income 2015: $48,0302015Revenue 2016: $8,483,288Expenses 2016: $8,470,159Net Income 2016: $13,1292016Revenue 2017: $9,701,026Expenses 2017: $9,684,560Net Income 2017: $16,4662017Revenue 2018: $13,984,163Expenses 2018: $13,974,247Net Income 2018: $9,9162018Revenue 2019: $11,000,348Expenses 2019: $11,024,862Net Income 2019: -$24,5142019Revenue 2020: $3,779,418Expenses 2020: $3,699,047Net Income 2020: $80,3712020Revenue 2021: $4,518,129Expenses 2021: $4,436,899Net Income 2021: $81,2302021Revenue 2022: $5,133,157Expenses 2022: $5,146,472Net Income 2022: -$13,3152022Revenue 2023: $5,117,289Expenses 2023: $5,172,146Net Income 2023: -$54,8572023Revenue 2024: $4,689,529Expenses 2024: $4,580,337Net Income 2024: $109,1922024

Highlighted filing

2024

Revenue$4,689,529
Expenses$4,580,337
Net Income$109,192
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$4,689,529
Mission and Program Overview

Mission

To facilitate the life cycle of industry standards development through a staff committed to neutrality, quality, and member satisfaction.

ISTO mentors communities developing, certifying, and promoting their technology standards, best practices, guidelines, open source, and implementation activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,005,459$10,599,619▲ $594,160
Prepaid Expenses and Deferred Charges$147,321$185,320▲ $37,999
Accounts Receivable$444,397$175,642▼ $268,755
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$10,597,177$10,960,581▲ $363,404
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$7,801,719$8,774,126▲ $972,407
Accounts Payable and Accrued Expenses$1,701,597$983,402▼ $718,195
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,503,316$9,757,528▲ $254,212
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,093,861$1,203,053▲ $109,192
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,093,861$1,203,053▲ $109,192
Total Liabilities and Net Assets / Fund Balance$10,597,177$10,960,581▲ $363,404

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$33,982$33,982
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam NewmanDirector Pres. & CEO (THRU. 4/24)FT$85,711$238,780$324,491
Daniel BurnettDir., Pres. & CEO (eff. 04/24)FT$116,980-$116,980

Board Members and Trustees

NameTitle
Yatin TrivediChairman
Brian DalyDirector
Forrest WrightDirector
Leo CaseyDirector
Lewis Brodnax IIIDirector (thru. 4/24)
Heather J MeekerDirector (thru. 5/24)
Marco W MigliaroSecretary
Janet MalasigTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
IeeeConsulting445 Hoes Lane, Piscataway, NJ 08854, Uk$2,805,070
Well-ltd LimitedConsulting2730 8TH ST, Berkeley, CA 94710, Uk$290,997
Wadelux LimitedConsulting1725 I ST NW, Washington, DC 20006-2423$265,169
Aaron MannConsulting-$228,564
Beyond Light LLCSpace Utilization-$192,749
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,428,992
Investment Income
$260,537
Other Revenue
$0
Change in Net Assets
$109,192

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,689,529
Total Revenue per Audited Statements
$4,689,529
Total Revenue per Form 990
$4,689,529
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,138,866
Salaries, Compensation, and Employee Benefits$441,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$2,357,195
Conferences and Meetings---$792,209
Current Officers, Directors, Trustees, and Key Employees---$441,471
Travel---$273,083
Information Technology---$224,672
Fees for Services Legal---$178,290
Advertising---$146,866
Insurance---$91,174
Fees for Services Accounting---$25,000
Office Expenses---$22,769
Occupancy---$4,796
Other Expenses---$3,552
Total Functional Expenses$0$0$0$4,580,337

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,580,337
Total Expenses per Audited Statements$4,580,337
Total Expenses per Form 990$4,580,337
International Activity

International Summary

Spending
$2,195,932

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program ServicesConsulting--$1,555,144
Europe (Including Iceland and Greenland)Program ServicesMeetings, Trade Shows--$314,908
East Asia and the PacificProgram ServicesConsulting--$219,820
Europe (Including Iceland and Greenland)Program ServicesWebsite Services--$71,450
Europe (Including Iceland and Greenland)Program ServicesMagazines Advertising--$9,220
East Asia and the PacificProgram ServicesMeetings, Trade Shows--$8,192
Middle East and North AfricaProgram ServicesMeetings, Trade Shows--$7,350
North AmericaProgram Servicesconsulting--$7,337
North AmericaProgram ServicesMeetings, Trade Shows--$2,511
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI Section B Line 11B:

“The board of directors review the form 990 prior to filing.”

FORM 990, PART VI SECTION B LINE 12C:

“The organization has a written conflict of interest policy. All parties are required to comply with the policy. Evaluation of compliance with policies and procedures is performed annually.”

FORM 990, PART VI SECTION C LINE 19:

“The isto articles of incorporation, by laws, conflict of interest policy, and anti-trust guidelines are available on the corporation's website and are also available upon request.”

Filing and Contact Details

Filer

Filer Name
ISTO Inc
EIN
22-3639558
In Care Of
% DANIEL BURNETT
Phone
7323772051
Address
371 HOES LANE SUITE 200, Piscataway, NJ 08854

Signing Officer

Name
Daniel Burnett
Title
President & CEO
Phone
7324655856
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Burnett
Formed
1999
Legal Domicile
De
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Richard Ruvelson
Phone
7328281614
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The Audit Oversight Committee is responsible for the oversight of the accounting function and the performance of any independent auditor.”

Form 990 Part IX Line 11G

“Description:consulting fees total fees:2220909”

Form 990 Part IX Line 11G

“Description:other fees total fees:136286”

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

“Isto has received a determination letter from the internal revenue service concluding that it is exempt from federal income taxes under section 501(c)(6) of the internal revenue code. Isto, in accordance with accounting standards regarding uncertainty in income taxes, has evaluated uncertain tax positions and has determined that it has no uncertain tax positions. Furthermore, ieee-isto had no unrecognized tax benefits at december 31, 2024 and 2023. In addition, the organization has no income tax related penalties or interest for the periods presented in these financial statements.”

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IRS990/Form990PartVIISectionAGrp/PersonNm6Heather J Meeker
IRS990/Form990PartVIISectionAGrp/PersonNm7FORREST WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm8Marco W Migliaro
IRS990/Form990PartVIISectionAGrp/PersonNm9Janet Malasig
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1116980
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIR. Pres. & CEO (THRU. 4/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIR., PRES. & CEO (EFF. 04/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR (THRU. 4/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR (THRU. 5/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
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IRS990/MissionDesc0ISTO MENTORS COMMUNITIES DEVELOPING, CERTIFYING, AND PROMOTING THEIR TECHNOLOGY STANDARDS, BEST PRACTICES, GUIDELINES, OPEN SOURCE, AND IMPLEMENTATION ACTIVITIES.
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0185320
IRS990/PrincipalOfficerNm0DANIEL BURNETT
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1813920
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM MANAGEMENT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13849737
IRS990/ProgSrvcAccomActy2Grp/Desc0ZHAGA - AN INDUSTRY-WIDE COOPERATION AIMED AT THE DEVELOPMENT OF STANDARD SPECIFICATIONS FOR THE INTERFACES OF LED LIGHT ENGINES.
IRS990/ProgSrvcAccomActy3Grp/Desc0DiiA is an open, global consortium of lighting companies, whose main aim is to grow the market for lighting-control solutions based on the standardized Digital Addressable Lighting Interface (DALI) protocol.
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt04689529
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ISTO HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE CONCLUDING THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. ISTO, IN ACCORDANCE WITH ACCOUNTING STANDARDS REGARDING UNCERTAINTY IN INCOME TAXES, HAS EVALUATED UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS. FURTHERMORE, IEEE-ISTO HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2024 AND 2023. IN ADDITION, THE ORGANIZATION HAS NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE PERIODS PRESENTED IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2:
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt39220
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt4314908
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt571450
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt61555144
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt77337
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt82511
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Middle East and North Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt6Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt7North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt8North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MEETINGS, TRADE SHOWS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1CONSULTING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2MEETINGS, TRADE SHOWS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3MAGAZINES ADVERTISING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4MEETINGS, TRADE SHOWS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5WEBSITE SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt6CONSULTING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt7consulting

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,960,581
Liabilities
$9,757,528
Net assets
$1,203,053
Revenue
$4,689,529
Expenses
$4,580,337
Net income
$109,192
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.0$9.76$1.20$4.69$4.58$0.11
2023Summary only. Only limited summary data is available for this year.$10.6$9.50$1.09$5.12$5.17$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.95$7.80$1.15$5.13$5.15$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$6.73$1.16$4.52$4.44$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.68$5.60$1.08$3.78$3.70$0.08
2019Summary only. Only limited summary data is available for this year.$11.5$10.5$1.00$11.0$11.0$0.02
2018Summary only. Only limited summary data is available for this year.$22.5$21.4$1.02$14.0$14.0$0.01
2017Summary only. Only limited summary data is available for this year.$20.0$18.9$1.02$9.70$9.68$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.1$17.1$1.00$8.48$8.47$0.01
2015Summary only. Only limited summary data is available for this year.$16.6$15.6$0.99$8.17$8.13$0.05
2014Summary only. Only limited summary data is available for this year.$15.4$14.4$0.94$8.26$8.26$0.00
2013Detailed filing. Detailed filing data is available for this year.$13.3$12.4$0.94$7.09$7.00$0.09
2012Summary only. Only limited summary data is available for this year.$20.6$19.8$0.85$10.3$10.3$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.2$19.3$0.85$9.01
2010Summary only. Only limited summary data is available for this year.$22.5$21.8$0.65$10.9$10.7$0.19
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)6 • $10M-$25M nonprofits