Civic Intelligence

Augmented Reality Alliance Inc

EIN 46-4222755 • 501(c)6 • Wakefield, MA

Profile

The augmented reality for enterprise alliance (area) was incorporated in the state of delaware in december 2013 as a member-driven non-profit organization commited to the global advancement of augmented reality technology in enterprise. It emerged out of collaboration between thought leaders and early adopters of ar who share a stake in the sucessful expansion of a vibrant and healthy ar ecosystem to realize new revenues, cut operatinal costs, reduce risk to workflow, property and lives, and increase operational sucesses. The augmented reality for enterprise alliance (area) is the only global non-profit, member based organization dedicated to widespread adoption of interoperable ar-enabled enterprise systems. The organization provides high-quality, vendor-neutral content and programs.

401 Edgewater Place Suite 600Wakefield, MA 01880

www.thearea.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.17x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

0.78x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

77th percentile

16%

Higher net margin than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

54th percentile

0.7%

Faster asset growth than 54% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

23%

Faster revenue growth than 79% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$240,911

Up $1,717 (+0.7%) from 2019

Liabilities

Down

$281,530

Down $56,650 (-17%) from 2019

Net Assets

Up

-$40,619

Up $58,367 (+59%) from 2019

Revenue

Up

$359,792

Up $68,377 (+23%) from 2019

Expenses

Down

$301,425

Down $9,789 (-3.1%) from 2019

Net Income

Up

$58,367

Up $78,166 (+395%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$200K$0-$200KAssets 2015: $209,210Liabilities 2015: $205,520Net Assets 2015: $3,6902015Assets 2016: $197,597Liabilities 2016: $199,154Net Assets 2016: -$1,5572016Assets 2017: $88,708Liabilities 2017: $162,433Net Assets 2017: -$73,7252017Assets 2018: $193,585Liabilities 2018: $272,772Net Assets 2018: -$79,1872018Assets 2019: $239,194Liabilities 2019: $338,180Net Assets 2019: -$98,9862019Assets 2020: $240,911Liabilities 2020: $281,530Net Assets 2020: -$40,6192020

Highlighted filing

2020

Assets$240,911
Liabilities$281,530
Net Assets-$40,619

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2015: $260,678Expenses 2015: $236,825Net Income 2015: $23,8532015Revenue 2016: $335,625Expenses 2016: $340,872Net Income 2016: -$5,2472016Revenue 2017: $317,000Expenses 2017: $389,168Net Income 2017: -$72,1682017Revenue 2018: $301,590Expenses 2018: $307,052Net Income 2018: -$5,4622018Revenue 2019: $291,415Expenses 2019: $311,214Net Income 2019: -$19,7992019Revenue 2020: $359,792Expenses 2020: $301,425Net Income 2020: $58,3672020

Highlighted filing

2020

Revenue$359,792
Expenses$301,425
Net Income$58,367

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 2, 2021
Return Version
2020v4.0
Gross Receipts
$359,792
Mission and Program Overview

Mission

The Augmented Reality for Enterprise Alliance (AREA) was incorporated in the state of Delaware in December 2013 as a member-driven non-profit organization committed to the global advancement of Augmented Reality technology in enterprise. It emerged out of collaboration between thought leaders and early adopters of AR who share a stake in the successful expansion of a vibrant and healthy AR ecosystem to realize new revenues, cut operational costs, reduce risk to workflow, property and lives, and increase operational successes.The Augmented Reality for Enterprise Alliance (AREA) is the only global non-profit, member-based organization dedicated to widespread adoption of interoperable AR-enabled enterprise systems. The organization provides high-quality, vendor-neutral content and programs.

The mission of the area is to help companies in all parts of the ecosystem to achieve greater operational efficiency through the smooth introduction and widespread adoption of interoperable ar-assisted enterprise systems.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$123,595$198,105▲ $74,510
Accounts Receivable$112,000$38,200▼ $73,800
Prepaid Expenses and Deferred Charges$3,599$4,606▲ $1,007
Total Assets$239,194$240,911▲ $1,717
Liabilities
Deferred Revenue$314,958$251,125▼ $63,833
Accounts Payable and Accrued Expenses$23,222$30,405▲ $7,183
Total Liabilities$338,180$281,530▼ $56,650
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-98,986$-40,619▲ $58,367
Total Net Assets Fund Balance$-98,986$-40,619▲ $58,367
Total Liabilities and Net Assets / Fund Balance$239,194$240,911▲ $1,717
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark SageExecutive DiFT$73,800$73,800

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$359,792
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$58,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,625
Salaries, Compensation, and Employee Benefits$73,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$73,800
Fees for Services Management---$71,427
Conferences and Meetings---$13,200
Information Technology---$6,196
Office Expenses---$1,769
Other Expenses---$1,507
All Other Expenses---$1,500
Fees for Services Accounting---$1,500
Insurance---$889
Fees for Services Legal---$127
Total Functional Expenses$0$0$0$301,425
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
Subject to proxy tax
No
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 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
No
CEO compensation reviewed
Yes
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 delegates its administrative and financial duties to virtual, inc., a managment company.

Form 990, Page 6, Part VI, Line 6

The organization has four membership classes: charter members, community members, observer members, and academic members and any future classes of members that are entitled to voting rights are considered to be the voting members.

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

Community members are entitled to nominate one representative to run for election as vice-chairperson (if any) of any committee of the members and sub-group; appoint one representative, on a one vote per member basis, to each member committee and sub-group that the organization may establish and appoint non-voting representatives to each such member committee and sub-group.

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

The president of the board, executive director, and the management company review and approve the form 990 before it is filed.

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

The management company and the board of directors annually disclose any potential conflicts of interest and take action as necessary.

Form 990, Page 6, Part VI, Line 15A

Compensation is reviewed annually by the executive committee.

Form 990, Page 6, Part VI, Line 19

Available only upon request.

Filing and Contact Details

Filer

Filer Name
Augmented Reality Alliance Inc
EIN
46-4222755
Phone
7812460500
Address
401 EDGEWATER PLACE SUITE 600, WAKEFIELD, MA 01880

Signing Officer

Name
Mark Sage
Title
Executive Director
Phone
7812460500
Signed
2021-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Sage
Formed
2013
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Ruane & Company Llp
Address
12 ALFRED STREET SUITE 206, WOBURN, MA 01801
Preparer
Thomas M Ruane CPA
Phone
7816430090
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The augmented reality for enterprise alliance (area) was incorporated in the state of delaware in december 2013 as a member-driven non-profit organization commited to the global advancement of augmented reality technology in enterprise. It emerged out of collaboration between thought leaders and early adopters of ar who share a stake in the sucessful expansion of a vibrant and healthy ar ecosystem to realize new revenues, cut operatinal costs, reduce risk to workflow, property and lives, and increase operational sucesses. The augmented reality for enterprise alliance (area) is the only global non-profit, member based organization dedicated to widespread adoption of interoperable ar-enabled enterprise systems. The organization provides high-quality, vendor-neutral content and programs.

Form 990, Page 2, Part III, Line 4A

The augmented reality for enterprise alliance (area) was incorporated in the state of delaware in december 2013 as a member-driven non-profit organization commited to the global advancement of augmented reality technology in enterprise. It emerged out of collaboration between thought leaders and early adopters of ar who share a stake in the sucessful expansion of a vibrant and healthy ar ecosystem to realize new revenues, cut operatinal costs, reduce risk to workflow, property and lives, and increase operational sucesses. The augmented reality for enterprise alliance (area) is the only global non-profit, member based organization dedicated to widespread adoption of interoperable ar-enabled enterprise systems. The organization provides high-quality, vendor-neutral content and programs.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AUGMENTED REALITY FOR ENTERPRISE ALLIANCE (AREA) WAS INCORPORATED IN THE STATE OF DELAWARE IN DECEMBER 2013 AS A MEMBER-DRIVEN NON-PROFIT ORGANIZATION COMMITED TO THE GLOBAL ADVANCEMENT OF AUGMENTED REALITY TECHNOLOGY IN ENTERPRISE. IT EMERGED OUT OF COLLABORATION BETWEEN THOUGHT LEADERS AND EARLY ADOPTERS OF AR WHO SHARE A STAKE IN THE SUCESSFUL EXPANSION OF A VIBRANT AND HEALTHY AR ECOSYSTEM TO REALIZE NEW REVENUES, CUT OPERATINAL COSTS, REDUCE RISK TO WORKFLOW, PROPERTY AND LIVES, AND INCREASE OPERATIONAL SUCESSES. THE AUGMENTED REALITY FOR ENTERPRISE ALLIANCE (AREA) IS THE ONLY GLOBAL NON-PROFIT, MEMBER BASED ORGANIZATION DEDICATED TO WIDESPREAD ADOPTION OF INTEROPERABLE AR-ENABLED ENTERPRISE SYSTEMS. THE ORGANIZATION PROVIDES HIGH-QUALITY, VENDOR-NEUTRAL CONTENT AND PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUGMENTED REALITY FOR ENTERPRISE ALLIANCE (AREA) WAS INCORPORATED IN THE STATE OF DELAWARE IN DECEMBER 2013 AS A MEMBER-DRIVEN NON-PROFIT ORGANIZATION COMMITED TO THE GLOBAL ADVANCEMENT OF AUGMENTED REALITY TECHNOLOGY IN ENTERPRISE. IT EMERGED OUT OF COLLABORATION BETWEEN THOUGHT LEADERS AND EARLY ADOPTERS OF AR WHO SHARE A STAKE IN THE SUCESSFUL EXPANSION OF A VIBRANT AND HEALTHY AR ECOSYSTEM TO REALIZE NEW REVENUES, CUT OPERATINAL COSTS, REDUCE RISK TO WORKFLOW, PROPERTY AND LIVES, AND INCREASE OPERATIONAL SUCESSES. THE AUGMENTED REALITY FOR ENTERPRISE ALLIANCE (AREA) IS THE ONLY GLOBAL NON-PROFIT, MEMBER BASED ORGANIZATION DEDICATED TO WIDESPREAD ADOPTION OF INTEROPERABLE AR-ENABLED ENTERPRISE SYSTEMS. THE ORGANIZATION PROVIDES HIGH-QUALITY, VENDOR-NEUTRAL CONTENT AND PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DELEGATES ITS ADMINISTRATIVE AND FINANCIAL DUTIES TO VIRTUAL, INC., A MANAGMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS FOUR MEMBERSHIP CLASSES: CHARTER MEMBERS, COMMUNITY MEMBERS, OBSERVER MEMBERS, AND ACADEMIC MEMBERS AND ANY FUTURE CLASSES OF MEMBERS THAT ARE ENTITLED TO VOTING RIGHTS ARE CONSIDERED TO BE THE VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMMUNITY MEMBERS ARE ENTITLED TO NOMINATE ONE REPRESENTATIVE TO RUN FOR ELECTION AS VICE-CHAIRPERSON (IF ANY) OF ANY COMMITTEE OF THE MEMBERS AND SUB-GROUP; APPOINT ONE REPRESENTATIVE, ON A ONE VOTE PER MEMBER BASIS, TO EACH MEMBER COMMITTEE AND SUB-GROUP THAT THE ORGANIZATION MAY ESTABLISH AND APPOINT NON-VOTING REPRESENTATIVES TO EACH SUCH MEMBER COMMITTEE AND SUB-GROUP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT OF THE BOARD, EXECUTIVE DIRECTOR, AND THE MANAGEMENT COMPANY REVIEW AND APPROVE THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MANAGEMENT COMPANY AND THE BOARD OF DIRECTORS ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AND TAKE ACTION AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AVAILABLE ONLY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0240911
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IRS990/TotalAssetsGrp/EOYAmt0240911
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0301425
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0338180
IRS990/TotalLiabilitiesEOYAmt0281530
IRS990/TotalLiabilitiesGrp/BOYAmt0338180
IRS990/TotalLiabilitiesGrp/EOYAmt0281530
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-98986
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-40619
IRS990/TotalProgramServiceRevenueAmt0359792
IRS990/TotalReportableCompFromOrgAmt073800
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0359792
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0359792
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0239194
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0240911
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0WAKEFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001880
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.THEAREA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK SAGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIR.
ReturnHeader/BusinessOfficerGrp/PhoneNum07812460500
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AUGMENTED REALITY ALLIANCE INC
ReturnHeader/Filer/BusinessNameControlTxt0AUGM
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ReturnHeader/Filer/PhoneNum07812460500
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320344584
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUANE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012 ALFRED STREET SUITE 206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001801
ReturnHeader/PreparerPersonGrp/PhoneNum07816430090
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS M RUANE CPA
ReturnHeader/ReturnTs02021-11-09T13:22:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SAGE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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