Civic Intelligence

Augmented Reality Alliance Inc

990 • Fiscal year 2016 • EIN 46-4222755

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 31, 2017

401 Edgewater PlaceWakefield, MA 01880

(781) 246-0500

Siviq Scores

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

Liabilities / Assets

97th percentile

1.01x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

0.59x

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

38th percentile

-1.6%

Higher net margin than 38% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

86th percentile

$50,488

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

33rd percentile

-5.6%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

29%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$197,597

Down $11,613 (-5.6%) from 2015

Net Assets

Down

-$1,557

Down $5,247 (-142%) from 2015

Liabilities

Down

$199,154

Down $6,366 (-3.1%) from 2015

Revenue

Up

$335,625

Up $74,947 (+29%) from 2015

Expenses

Up

$340,872

Up $104,047 (+44%) from 2015

Net Income

Down

-$5,247

Down $29,100 (-122%) from 2015

Historical Trend

Balance Sheet Trend

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

$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

2016

Assets$197,597
Liabilities$199,154
Net Assets-$1,557

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$335,625
Expenses$340,872
Net Income-$5,247
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 31, 2017
Return Version
2016v3.0
Gross Receipts
$335,625
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
Accounts Receivable$68,387$103,000▲ $34,613
Cash and Non-Interest-Bearing Accounts$140,823$92,572▼ $48,251
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$209,210$197,597▼ $11,613
Other Assets Total-$2,025-
Liabilities
Deferred Revenue$188,542$161,417▼ $27,125
Accounts Payable and Accrued Expenses$16,978$37,737▲ $20,759
Total Liabilities$205,520$199,154▼ $6,366
Net Assets / Fund Balance
Unrestricted Net Assets$3,690$-1,557▼ $5,247
Total Net Assets Fund Balance$3,690$-1,557▼ $5,247
Total Liabilities and Net Assets / Fund Balance$209,210$197,597▼ $11,613
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark SageExecutive DirectorFT$50,488$50,488
Christine PereyFmr Exec. DirectorFT$27,025$27,025

Board Members and Trustees

NameTitle
Carl ByersPresident
Jim DonnellyVice President
Bob MeadsDirector
Christi FiorentiniDirector
Jay KimDirector
John J Simmins PhDDirector
Juergen LumeraDirector
Michael RygolDirector
Patrick RyanDirector
Paul DavisDirector
Rhonda TruittDirector
Sam AborneDirector
Thomas PerpereDirector
Xiaojun ZhangDirector
Pete WassellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$335,625
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-5,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,359
Salaries, Compensation, and Employee Benefits$77,513
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---$77,513
Fees for Services Management---$37,779
Conferences and Meetings---$26,399
All Other Expenses---$19,636
Other Expenses---$15,000
Travel---$11,455
Information Technology---$5,377
Fees for Services Accounting---$2,350
Insurance---$889
Office Expenses---$822
Fees for Services Legal---$643
Total Functional Expenses$0$0$0$340,872
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
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, Part VI, Line 3: Description of Delegated Duties to Management Company

The Organization delegates its administrative and financial duties to Virtual, Inc., a managment company.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Organization has four memberships classes: Charter Members, Community Members, Observer Members, and Academic Members. Charter members and any future classes of members that are entitled to voting rights are considered to be the voting members.

Form 990, Part VI, Line 11B: Form 990 Review Process

Appropriate members of the Board of Directors review and approve the Form 990 before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Management company and the Board of Directors annually disclose any potential conflicts of interest and take action as necessary.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation is reviewed annually by the Executive Committee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available only upon request.

Filing and Contact Details

Filer

Filer Name
Augmented Reality Alliance Inc
EIN
46-4222755
Phone
7812460500
Address
401 Edgewater Place, Wakefield, MA 01880

Signing Officer

Name
Mark Sage
Title
Executive Director
Signed
2017-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Byers
Formed
2013
Legal Domicile
De
Voting Board Members
23
Independent Board Members
23
Employees
0

Preparer

Firm
Ruane & Company LLP
Address
12 Alfred Street Suite 206, Woburn, MA 01801
Preparer
Thomas M Ruane CPA
Phone
7816430090
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IRS990/MissionDesc0The 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. Sponsor members as of October 1, 2015 include AERTEC Solutions, APX Labs, Atheer Labs, Augmate, Bosch, The Boeing Company, CN2 Technology, DAQRI, Design Mill, Electric Power Research Institute, IEEE Standards Association, iQagent, Johnson & Johnson, Newport News Shipbuilding, N
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization delegates its administrative and financial duties to Virtual, Inc., a managment company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has four memberships classes: Charter Members, Community Members, Observer Members, and Academic Members. Charter members and any future classes of members that are entitled to voting rights are considered to be the voting members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Appropriate members of the Board of Directors review and approve the Form 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Management company and the Board of Directors annually disclose any potential conflicts of interest and take action as necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation is reviewed annually by the Executive Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available only upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/USAddress/AddressLine1Txt0401 Edgewater Place Suite 600
IRS990/USAddress/CityNm0Wakefield
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ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark Sage

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