Civic Intelligence

Open Connectivity Foundation Inc

990 • Fiscal year 2016 • EIN 47-1709705

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

3855 SW 153rd DriveBeaverton, OR 97003

(503) 619-0673

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.79x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.99x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

2nd percentile

-55%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

17th percentile

-6.9%

Faster asset growth than 17% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-36%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$3,155,470

Down $232,777 (-6.9%) from 2015

Net Assets

Down

$660,889

Down $1,352,763 (-67%) from 2015

Liabilities

Up

$2,494,581

Up $1,119,986 (+81%) from 2015

Revenue

Down

$2,526,814

Down $1,409,925 (-36%) from 2015

Expenses

Up

$3,924,128

Up $1,782,654 (+83%) from 2015

Net Income

Down

-$1,397,314

Down $3,192,579 (-178%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $1,737,811Liabilities 2014: $1,519,424Net Assets 2014: $218,3872014Assets 2015: $3,388,247Liabilities 2015: $1,374,595Net Assets 2015: $2,013,6522015Assets 2016: $3,155,470Liabilities 2016: $2,494,581Net Assets 2016: $660,8892016Assets 2017: $2,246,653Liabilities 2017: $2,097,840Net Assets 2017: $148,8132017Assets 2018: $2,252,986Liabilities 2018: $2,072,659Net Assets 2018: $180,3272018Assets 2019: $1,783,695Liabilities 2019: $1,110,510Net Assets 2019: $673,1852019Assets 2020: $1,161,430Liabilities 2020: $595,607Net Assets 2020: $565,8232020Assets 2021: $752,890Liabilities 2021: $266,287Net Assets 2021: $486,6032021Assets 2022: $499,270Liabilities 2022: $85,366Net Assets 2022: $413,9042022Assets 2023: $274,061Liabilities 2023: $72,005Net Assets 2023: $202,0562023Assets 2024: $154,320Liabilities 2024: $52,401Net Assets 2024: $101,9192024

Highlighted filing

2016

Assets$3,155,470
Liabilities$2,494,581
Net Assets$660,889

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $542,315Expenses 2014: $323,928Net Income 2014: $218,3872014Revenue 2015: $3,936,739Expenses 2015: $2,141,474Net Income 2015: $1,795,2652015Revenue 2016: $2,526,814Expenses 2016: $3,924,128Net Income 2016: -$1,397,3142016Revenue 2017: $4,256,704Expenses 2017: $4,768,780Net Income 2017: -$512,0762017Revenue 2018: $4,293,255Expenses 2018: $4,261,741Net Income 2018: $31,5142018Revenue 2019: $3,450,877Expenses 2019: $2,958,019Net Income 2019: $492,8582019Revenue 2020: $1,508,697Expenses 2020: $1,615,373Net Income 2020: -$106,6762020Revenue 2021: $915,013Expenses 2021: $993,618Net Income 2021: -$78,6052021Revenue 2022: $305,102Expenses 2022: $374,668Net Income 2022: -$69,5662022Revenue 2023: $106,985Expenses 2023: $269,730Net Income 2023: -$162,7452023Revenue 2024: $57,433Expenses 2024: $157,570Net Income 2024: -$100,1372024

Highlighted filing

2016

Revenue$2,526,814
Expenses$3,924,128
Net Income-$1,397,314
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$2,526,814
Mission and Program Overview

Mission

The mission of open connectivity foundation, inc. (ocf) is to define connectivity requirements and ensure interoperability of the billions of devices that will make up the emergying internet of things (iot).

The mission of open connectivity foundation, inc. (ocf) is to define connectivity requirements and ensure interoperability of the billions of devices that will make up the emerging internet of things (iot).

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$801,400$999,064▲ $197,664
Cash and Non-Interest-Bearing Accounts$1,572,014$874,855▼ $697,159
Rtn Earn Endowment Incm Other Fnds$2,013,652$660,889▼ $1,352,763
Accounts Receivable$410,000$589,500▲ $179,500
Prepaid Expenses and Deferred Charges$271,624$256,749▼ $14,875
Intangible Assets$333,209$217,890▼ $115,319
Pledges and Grants Receivable-$217,412-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,388,247$3,155,470▼ $232,777
Liabilities
Deferred Revenue$1,338,295$1,715,874▲ $377,579
Other Liabilities$0$479,782▲ $479,782
Accounts Payable and Accrued Expenses$36,300$298,925▲ $262,625
Total Liabilities$1,374,595$2,494,581▲ $1,119,986
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,013,652$660,889▼ $1,352,763
Total Liabilities and Net Assets / Fund Balance$3,388,247$3,155,470▼ $232,777
Compensation and Service Providers

Board Members and Trustees

NameTitle
Imad SousouChairman
Matt PerryPresident
Ibrahim HaddadVice President
Anoop MohanDirector
Cem KuralDirector
Charles CheeversDirector
David CronstromDirector
Dr Edward G TiedemannDirector
Hangyu ChoDirector
Olivier CarmonaDirector
Ralph BrownDirector
Shinichi YugaDirector
Wang MiaoDirector
Michael RichmondExecutive Director
Abhi KunteSecretary
John OberonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vtm INCManagement & It Services3855 SW 153RD DRIVE, Beaverton, OR 97003$1,253,029
Schwabe Williamson & Wyatt PCLegal Services1211 SW FIFTH AVENUE SUITE 1900, Portland, OR 97204$504,744
Comarch INCInformation Technology Services9450 W BRYN MAWR AVE SUITE 325, Rosemont, IL 60018$255,280
The Linux FoundationInformation Technology ServicesPO BOX 742987, Los Angeles, CA 90074$201,567
Softspace INCConstruction Services1512 NASHVILLE HWY, Columbia, TN 38401$192,140
Revenue and Support

Revenue Composition

Contributions and Grants
$270,000
Program Service Revenue
$2,251,139
Investment Income
$5,675
Other Revenue
$0
All Other Contributions
$270,000
Change in Net Assets
$-1,397,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,876,654
Salaries, Compensation, and Employee Benefits$47,474
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$617,341
Fees for Services Legal---$525,971
Information Technology---$518,775
Fees for Services Management---$447,180
Conferences and Meetings---$321,168
Depreciation Depletion---$108,945
Current Officers, Directors, Trustees, and Key Employees---$47,474
Other Expenses---$20,292
Office Expenses---$12,492
Fees for Services Accounting---$3,100
Insurance---$2,728
Total Functional Expenses$0$0$0$3,924,128
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
Customer Deposits$479,782
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has contracted with vtm inc, to provide management services.

Form 990, Part VI, Section A, Line 4

The name of the corporation changed from open interconnect consortium, inc. To open connectivity, inc. This change was reflected in the bylaws, ipr policy and articles of incorporation.

Form 990, Part VI, Section A, Line 6

The organization has members with benefits based on their membership purchased (see membership options below). Diamond member benefits (annual dues: $350,000 usd) requires 3/4 affirmative vote of current directors appointed by diamond members. Benefits include: - board of director representative appointment eligibility - eligible to have a representative appointed or elected as an officer of the organization - eligible to participate and chair in the working groups and task groups - eligible to seek ocf and upnp certification of products and/or services - eligible to use the organization's trademarks in connection with member's certified products and/or services platinum member benefits (annual dues: $50,000 usd). Benefits include: - eligible to have a representative elected to the board of directors - eligible to have a representative appointed or elected as an officer of the organization - eligible to participate and chair in the work groups and task groups - eligible to seek ocf and upnp certification of products and/or services - eligible to use the organization's trademarks in connection with member's certified products and/or services gold member benefits (annual dues: $2,000 usd). Benefits include: - eligible to participate in a non-voting capacity in the work group and task groups - eligible to seek ocf and upnp certification of products and/or services - eligible to use the organization's trademarks in connection with member's certified products and/or services non-profit, educational gold member benefits (one time fee: $1,000 usd). Benefits include: - eligible to participate in a non-voting capacity in work group and task groups - eligible to seek ocf and upnp certification of products and/or services - eligible to use the organization's trademarks in connection with member's certified products and/or services

Form 990, Part VI, Section A, Line 7A

Diamond members will be entitled to appoiont a director for so long as such diamond member, is a diamond member.

Form 990, Part VI, Section B, Line 11B

Only the executive director will review the return prior to filing

Form 990, Part VI, Section C, Line 19

Governing documents are posted publicly on the organizations website. Financial statements are provided to the governing body and can be made available upon request.

Filing and Contact Details

Filer

Filer Name
Open Connectivity Foundation Inc
EIN
47-1709705
Phone
5036190673
Address
3855 SW 153RD DRIVE, BEAVERTON, OR 97003

Signing Officer

Name
President
Title
Executive Director
Phone
5036190673
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Park
Formed
2014
Legal Domicile
De
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
2,547

Preparer

Firm
Delap Llp
Address
5885 MEADOWS ROAD NO 200, LAKE OSWEGO, OR 97035
Preparer
Mark E Eklund CPA
Phone
5036974118
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
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IRS990/GrantsToOrganizationsInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF OPEN CONNECTIVITY FOUNDATION, INC. (OCF) IS TO DEFINE CONNECTIVITY REQUIREMENTS AND ENSURE INTEROPERABILITY OF THE BILLIONS OF DEVICES THAT WILL MAKE UP THE EMERGYING INTERNET OF THINGS (IOT).
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt012492
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc0CERTIFICATION PROGRAMS
IRS990/OtherExpensesGrp/Desc1PLUGFEST EVENTS
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IRS990/OtherExpensesGrp/TotalAmt120292
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IRS990/OtherLiabilitiesGrp/EOYAmt0479782
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IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0JOHN PARK
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1104315
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02146824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1104315
IRS990/ProgSrvcAccomActy2Grp/Desc02. OPEN SOURCE PROJECT OCF SPONSORS OPEN SOURCE PROJECTS TO ENABLE THE DEVELOPMENT OF OPEN SOURCE SOFTWARE IN SUPPORT OF THE OCF SPECIFICATIONS. OCF IS THE SOLE SPONSOR TO THE IOTIVITY.ORG OPEN SOURCE PROJECT. OPEN SOURCE CONTRIBUTIONS CAN BE INITIATED BY MEMBERS AND THE GENERAL PUBLIC. OCF ALSO ACQUIRED AND SUPPORTS THE ALLJOYN OPEN SOURCE PROJECT AS PART OF THE ASSET TRANSFER AGREEMENT WITH THE ALLSEEN ALLIANCE. MORE INFORMATION ON ALLJOYN CAN BE FOUND AT: HTTPS://CERTIFY.ALLJOYN.ORG/.
IRS990/ProgSrvcAccomActy3Grp/Desc03. CERTIFICATIONFOLLOWING PUBLICATION OF SPECIFICATIONS AND OPEN SOURCE PROJECTS, OCF HAS DEVELOPED A FORMAL CERTIFICATION PROCESS FOR THOSE PRODUCTS THAT PASS THE CERTIFICATION REQUIREMENTS. TECHNICAL RESOURCES, SUCH AS SOFTWARE IN BINARY AND/OR SOURCE CODE FORM, FOR VALIDATING COMPLIANCE WITH SPECIFICATIONS AND OPEN SOURCE PROJECTS HAVE BEEN PRODUCED AND FUNDED BY OCF. THE ORGANIZATION HAS ALSO DEVELOPED A TEST TOOL FOR TESTING AGAINST THE SPECIFICATION AND OPEN SOURCE IMPLEMENTATIONS. FIVE PLUGFESTS WERE HELD THAT PROVIDE OPPORTUNITIES FOR MEMBERS TO TEST INTEROPERABILITY AND VALIDATE COMPLIANCE WITH SPECIFICATIONS AND OPEN SOURCE PROJECTS. THIS ACTIVITY IS CONDUCTED BY INDEPENDENT TEST LABS WORLD-WIDE.
IRS990/ProgSrvcAccomActyOtherGrp/Desc04. MARKETING/PR/COMMUNICATIONSOCF IS REPRESENTED IN VARIOUS ACTIVITIES TO ATTRACT INDUSTRY MEMBERSHIP AND BROAD ADOPTION. OCF SEEKS TO BE REPRESENTED, GENERATE AWARENESS AND PROVIDE LIAISON REPRESENTATION TO OTHER ORGANIZATIONS TO FURTHER EXPAND ITS ECOSYSTEM.
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0999064
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IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0479782
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION PAID $47,474 TO AN UNRELATED PEO, (CINDER STAFFING ) FOR THE SERVICES OF THE EXECUTIVE DIRECTOR, (MICHAEL RICHMOND)
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VII, LINE 5
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH VTM INC, TO PROVIDE MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NAME OF THE CORPORATION CHANGED FROM OPEN INTERCONNECT CONSORTIUM, INC. TO OPEN CONNECTIVITY, INC. THIS CHANGE WAS REFLECTED IN THE BYLAWS, IPR POLICY AND ARTICLES OF INCORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS MEMBERS WITH BENEFITS BASED ON THEIR MEMBERSHIP PURCHASED (SEE MEMBERSHIP OPTIONS BELOW). DIAMOND MEMBER BENEFITS (ANNUAL DUES: $350,000 USD) REQUIRES 3/4 AFFIRMATIVE VOTE OF CURRENT DIRECTORS APPOINTED BY DIAMOND MEMBERS. BENEFITS INCLUDE: - BOARD OF DIRECTOR REPRESENTATIVE APPOINTMENT ELIGIBILITY - ELIGIBLE TO HAVE A REPRESENTATIVE APPOINTED OR ELECTED AS AN OFFICER OF THE ORGANIZATION - ELIGIBLE TO PARTICIPATE AND CHAIR IN THE WORKING GROUPS AND TASK GROUPS - ELIGIBLE TO SEEK OCF AND UPNP CERTIFICATION OF PRODUCTS AND/OR SERVICES - ELIGIBLE TO USE THE ORGANIZATION'S TRADEMARKS IN CONNECTION WITH MEMBER'S CERTIFIED PRODUCTS AND/OR SERVICES PLATINUM MEMBER BENEFITS (ANNUAL DUES: $50,000 USD). BENEFITS INCLUDE: - ELIGIBLE TO HAVE A REPRESENTATIVE ELECTED TO THE BOARD OF DIRECTORS - ELIGIBLE TO HAVE A REPRESENTATIVE APPOINTED OR ELECTED AS AN OFFICER OF THE ORGANIZATION - ELIGIBLE TO PARTICIPATE AND CHAIR IN THE WORK GROUPS AND TASK GROUPS - ELIGIBLE TO SEEK OCF AND UPNP CERTIFICATION OF PRODUCTS AND/OR SERVICES - ELIGIBLE TO USE THE ORGANIZATION'S TRADEMARKS IN CONNECTION WITH MEMBER'S CERTIFIED PRODUCTS AND/OR SERVICES GOLD MEMBER BENEFITS (ANNUAL DUES: $2,000 USD). BENEFITS INCLUDE: - ELIGIBLE TO PARTICIPATE IN A NON-VOTING CAPACITY IN THE WORK GROUP AND TASK GROUPS - ELIGIBLE TO SEEK OCF AND UPNP CERTIFICATION OF PRODUCTS AND/OR SERVICES - ELIGIBLE TO USE THE ORGANIZATION'S TRADEMARKS IN CONNECTION WITH MEMBER'S CERTIFIED PRODUCTS AND/OR SERVICES NON-PROFIT, EDUCATIONAL GOLD MEMBER BENEFITS (ONE TIME FEE: $1,000 USD). BENEFITS INCLUDE: - ELIGIBLE TO PARTICIPATE IN A NON-VOTING CAPACITY IN WORK GROUP AND TASK GROUPS - ELIGIBLE TO SEEK OCF AND UPNP CERTIFICATION OF PRODUCTS AND/OR SERVICES - ELIGIBLE TO USE THE ORGANIZATION'S TRADEMARKS IN CONNECTION WITH MEMBER'S CERTIFIED PRODUCTS AND/OR SERVICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DIAMOND MEMBERS WILL BE ENTITLED TO APPOIONT A DIRECTOR FOR SO LONG AS SUCH DIAMOND MEMBER, IS A DIAMOND MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ONLY THE EXECUTIVE DIRECTOR WILL REVIEW THE RETURN PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE POSTED PUBLICLY ON THE ORGANIZATIONS WEBSITE. FINANCIAL STATEMENTS ARE PROVIDED TO THE GOVERNING BODY AND CAN BE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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