Civic Intelligence

The Augmented Reality Organization

990 • Fiscal year 2017 • EIN 46-0772775

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

3855 SW 153rd DriveBeaverton, OR 97003

(503) 619-0505

Siviq Scores

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

Liabilities / Assets

95th percentile

0.87x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.22x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

72nd percentile

10%

Higher net margin than 72% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

89th percentile

$301,211

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

100th percentile

2290%

Faster asset growth than 100% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

69%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$641,585

Up $614,745 (+2290%) from 2016

Net Assets

Up

$84,934

Up $58,094 (+216%) from 2016

Liabilities

Up

$556,651

Up $556,651 from 2016

Revenue

Up

$2,562,745

Up $1,047,312 (+69%) from 2016

Expenses

Up

$2,300,274

Up $759,090 (+49%) from 2016

Net Income

Up

$262,471

Up $288,222 (+1119%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2013: $13,009Liabilities 2013: $0Net Assets 2013: $13,0092013Assets 2014: $54,021Liabilities 2014: $0Net Assets 2014: $54,0212014Assets 2015: $52,591Liabilities 2015: $0Net Assets 2015: $52,5912015Assets 2016: $26,840Liabilities 2016: $0Net Assets 2016: $26,8402016Assets 2017: $641,585Liabilities 2017: $556,651Net Assets 2017: $84,9342017Assets 2018: $891,169Liabilities 2018: $914,281Net Assets 2018: -$23,1122018Assets 2019: $855,196Liabilities 2019: $709,248Net Assets 2019: $145,9482019Assets 2020: $273,211Liabilities 2020: $199,951Net Assets 2020: $73,2602020Assets 2021: $85,747Liabilities 2021: $116,686Net Assets 2021: -$30,9392021Assets 2022: $3,039Liabilities 2022: $10,248Net Assets 2022: -$7,2092022Assets 2023: $4,629Liabilities 2023: $6,434Net Assets 2023: -$1,8052023Assets 2024: $1,162Liabilities 2024: $4,266Net Assets 2024: -$3,1042024

Highlighted filing

2017

Assets$641,585
Liabilities$556,651
Net Assets$84,934

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2013: $367,554Expenses 2013: $354,699Net Income 2013: $12,8552013Revenue 2014: $622,927Expenses 2014: $581,915Net Income 2014: $41,0122014Revenue 2015: $844,717Expenses 2015: $846,147Net Income 2015: -$1,4302015Revenue 2016: $1,515,433Expenses 2016: $1,541,184Net Income 2016: -$25,7512016Revenue 2017: $2,562,745Expenses 2017: $2,300,274Net Income 2017: $262,4712017Revenue 2018: $3,826,898Expenses 2018: $3,934,944Net Income 2018: -$108,0462018Revenue 2019: $3,885,056Expenses 2019: $3,715,996Net Income 2019: $169,0602019Revenue 2020: $1,511,433Expenses 2020: $1,584,121Net Income 2020: -$72,6882020Revenue 2021: $14,361Expenses 2021: $118,560Net Income 2021: -$104,1992021Revenue 2022: $58,960Expenses 2022: $35,230Net Income 2022: $23,7302022Revenue 2023: $31,699Expenses 2023: $26,295Net Income 2023: $5,4042023Revenue 2024: $17,584Expenses 2024: $18,883Net Income 2024: -$1,2992024

Highlighted filing

2017

Revenue$2,562,745
Expenses$2,300,274
Net Income$262,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$2,562,745
Mission and Program Overview

Mission

A. Educate the general public on a global scale and increase awareness about the power and potential of augmented reality technology (ar) and promote excellence in the field. B. Connect the best talent and industry partners around world to advance augmented reality technology by serving as an online and on-site forum for these parties to collaborate. C. Spark innovation in augmented reality technology that addresses and solves real-world problems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$362,939-
Cash and Non-Interest-Bearing Accounts$21,278$227,830▲ $206,552
Rtn Earn Endowment Incm Other Fnds$26,840$84,934▲ $58,094
Prepaid Expenses and Deferred Charges-$46,563-
Land, Buildings, and Equipment, Net$5,562$4,253▼ $1,309
Total Assets$26,840$641,585▲ $614,745
Liabilities
Other Liabilities-$461,702-
Accounts Payable and Accrued Expenses-$94,949-
Total Liabilities$0$556,651▲ $556,651
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,840$84,934▲ $58,094
Total Liabilities and Net Assets / Fund Balance$26,840$641,585▲ $614,745

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,253$2,290$6,543
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ori InbarCEOPT$301,211$301,211$301,211
Tom EmrichDirectorPT$15,452-$15,452

Board Members and Trustees

NameTitle
Brian MullinsDirector
David LorenziniDirector
Tish ShuteContent Offi

Highest Paid Contractors

ContractorServicesLocationCompensation
Super Ventures LLCEvent Services25 TAYLOR STREET, San Francisco, CA 94102$337,500
Prospera Events LLCEvent MgmtPO BOX 4068, Wilsonville, OR 97070-4068$131,895
Revenue and Support

Revenue Composition

Contributions and Grants
$46,236
Program Service Revenue
$2,516,509
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$262,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,300,274
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$1,565,424
Fees for Services Management---$574,780
Fees for Services Legal---$62,454
Advertising---$60,192
Information Technology---$11,218
Office Expenses---$8,329
Fees for Services Accounting---$7,700
Travel---$6,776
Insurance---$2,092
Depreciation Depletion---$1,309
Total Functional Expenses$0$0$0$2,300,274
International Activity

International Summary

Spending
$762,098

International Compliance

Foreign grant records maintained
No
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
GermanyProgram ServiceAugmented World Expo--$762,098
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Event Deposits$460,502
Accrued Liabilities$1,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization delegated control over management duties to a management company, vital technical marketing, inc.

Form 990, Page 6, Part VI, Line 6

Ar.org currently has only one level of membership: individual. Individuals may become ar.org members for a nominal fee of 99. Benefits of membership are twofold: discounted pricing to ar.org events (such as the awe tradeshow every june), and gratis research and industry white papers, when available.

Form 990, Page 6, Part VI, Line 7A

Ar.or has members who may elect one or more members of the governing body.

Form 990, Page 6, Part VI, Line 11B

The form 990 is provided to the president for review and signature.

Form 990, Page 6, Part VI, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands that in order to maintain its federal tax exemption, the corporation must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
The Augmented Reality Organization
EIN
46-0772775
Phone
5036190505
Address
3855 SW 153RD DRIVE, BEAVERTON, OR 97003

Signing Officer

Name
Ori Inbar
Title
CEO
Phone
5036190505
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ori Inbar
Formed
2012
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Skcpa & Co
Address
10260 SW GREENBURG ROAD SUITE 1000, PORTLAND, OR 97223-5526
Preparer
Sean S Kim
Phone
5032931040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

A. Educate the general public on a global scale and increase awareness about the power and potential of augmented reality technology (ar) and promote excellence in the field. B. Connect the best talent and industry partners around world to advance augmented reality technology by serving as an online and on-site forum for these parties to collaborate. C. Spark innovation in augmented reality technology that addresses and solves real-world problems.

Form 990, Page 1, Part I, Line 6

OFFICERS AND DIRECTORS

Form 990, Part XI, Line 9

Net section 481(a) adjustment -204,377

Form 990, Page 12, Part XII, Line 1

The organization filed the enclosed form 3115, application for change in accounting method in accordance with the provisions of reg. Sec. 1.448-1 (h)(2)(i). By filing this form, the organization changed its overall method of accounting from the cash method to the accrual method.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A. EDUCATE THE GENERAL PUBLIC ON A GLOBAL SCALE AND INCREASE AWARENESS ABOUT THE POWER AND POTENTIAL OF AUGMENTED REALITY TECHNOLOGY (AR) AND PROMOTE EXCELLENCE IN THE FIELD. B. CONNECT THE BEST TALENT AND INDUSTRY PARTNERS AROUND WORLD TO ADVANCE AUGMENTED REALITY TECHNOLOGY BY SERVING AS AN ONLINE AND ON-SITE FORUM FOR THESE PARTIES TO COLLABORATE. C. SPARK INNOVATION IN AUGMENTED REALITY TECHNOLOGY THAT ADDRESSES AND SOLVES REAL-WORLD PROBLEMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO A MANAGEMENT COMPANY, VITAL TECHNICAL MARKETING, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AR.ORG CURRENTLY HAS ONLY ONE LEVEL OF MEMBERSHIP: INDIVIDUAL. INDIVIDUALS MAY BECOME AR.ORG MEMBERS FOR A NOMINAL FEE OF 99. BENEFITS OF MEMBERSHIP ARE TWOFOLD: DISCOUNTED PRICING TO AR.ORG EVENTS (SUCH AS THE AWE TRADESHOW EVERY JUNE), AND GRATIS RESEARCH AND INDUSTRY WHITE PAPERS, WHEN AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AR.OR HAS MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS PROVIDED TO THE PRESIDENT FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, THE CORPORATION MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NET SECTION 481(A) ADJUSTMENT -204,377
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION FILED THE ENCLOSED FORM 3115, APPLICATION FOR CHANGE IN ACCOUNTING METHOD IN ACCORDANCE WITH THE PROVISIONS OF REG. SEC. 1.448-1 (H)(2)(I). BY FILING THIS FORM, THE ORGANIZATION CHANGED ITS OVERALL METHOD OF ACCOUNTING FROM THE CASH METHOD TO THE ACCRUAL METHOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 12, PART XII, LINE 1
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE AUGMENTED REALITY ORGANIZATION
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ReturnHeader/ReturnTs02018-11-12T14:53:09-06:00
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ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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