Civic Intelligence

Interactive Financial Exchange Forum Inc

990 • Fiscal year 2014 • EIN 54-1964448

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 28, 2015

Organization ProfileWWW.IFXFORUM.ORG
401 Edgewater Place Suite 600Wakefield, MA 01880

(781) 246-0500

Siviq Scores

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

Liabilities / Assets

95th percentile

0.85x

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

96th percentile

0.68x

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

28th percentile

-8.2%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

29th percentile

-8.3%

Faster revenue growth than 29% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$170,689

Down $15,310 (-8.2%) from 2013

Net Assets

Down

$26,401

Down $26,632 (-50%) from 2013

Liabilities

Up

$144,288

Up $11,322 (+8.5%) from 2013

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin18th percentile

Revenue

Down

$213,195

Down $19,204 (-8.3%) from 2013

Expenses

Up

$239,827

Up $42,004 (+21%) from 2013

Net Income

Down

-$26,632

Down $61,208 (-177%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$200K$150K$100K$50K$0-$50KAssets 2012: $161,780Liabilities 2012: $143,323Net Assets 2012: $18,4572012Assets 2013: $185,999Liabilities 2013: $132,966Net Assets 2013: $53,0332013Assets 2014: $170,689Liabilities 2014: $144,288Net Assets 2014: $26,4012014Assets 2015: $172,491Liabilities 2015: $142,022Net Assets 2015: $30,4692015Assets 2016: $139,008Liabilities 2016: $125,091Net Assets 2016: $13,9172016Assets 2017: $130,809Liabilities 2017: $139,631Net Assets 2017: -$8,8222017

Highlighted filing

2014

Assets$170,689
Liabilities$144,288
Net Assets$26,401
Open 2014 Filing

Operations Trend

Revenue Growth29th percentile

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

$300K$200K$100K$0-$100KRevenue 2012: $229,531Expenses 2012: $211,427Net Income 2012: $18,1042012Revenue 2013: $232,399Expenses 2013: $197,823Net Income 2013: $34,5762013Revenue 2014: $213,195Expenses 2014: $239,827Net Income 2014: -$26,6322014Revenue 2015: $234,559Expenses 2015: $230,491Net Income 2015: $4,0682015Revenue 2016: $198,497Expenses 2016: $215,049Net Income 2016: -$16,5522016Revenue 2017: $196,517Expenses 2017: $219,256Net Income 2017: -$22,7392017

Highlighted filing

2014

Revenue$213,195
Expenses$239,827
Net Income-$26,632
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 28, 2015
Return Version
2013v4.0
Gross Receipts
$213,195
Mission and Program Overview

Mission

The purpose of the Interactive Financial Exchange Forum is to facilitate the development of a robust XML framework for the electronic business to business exchange of data among financial service institutions around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$79,946$80,465▲ $519
Cash and Non-Interest-Bearing Accounts$86,996$67,114▼ $19,882
Accounts Receivable$17,985$21,985▲ $4,000
Prepaid Expenses and Deferred Charges$1,072$1,125▲ $53
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-
Total Assets$185,999$170,689▼ $15,310
Other Assets Total-$0-
Liabilities
Deferred Revenue$119,656$130,810▲ $11,154
Accounts Payable and Accrued Expenses$13,310$13,478▲ $168
Total Liabilities$132,966$144,288▲ $11,322
Net Assets / Fund Balance
Unrestricted Net Assets$53,033$26,401▼ $26,632
Total Net Assets Fund Balance$53,033$26,401▼ $26,632
Total Liabilities and Net Assets / Fund Balance$185,999$170,689▼ $15,310
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Richard DuvallChairman
David MossDirector
Ewan McGuireDirector
Joachim SeibertDirector
Murray HeldonDirector
Terri WillisDirector
Troy BradleyDirector
Mark TiggasSecretary
Victor DosseyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Virtual IncManagement-$156,163
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$212,677
Investment Income
$518
Other Revenue
$0
Change in Net Assets
$-26,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,827
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
Fees for Services Management---$139,005
Conferences and Meetings---$9,374
Office Expenses---$6,062
Other Expenses---$5,296
All Other Expenses---$3,845
Fees for Services Legal---$3,413
Travel---$3,286
Insurance---$1,447
Fees for Services Accounting---$1,200
Total Functional Expenses$0$0$0$239,827
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
No
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
No
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

“Virtual, Inc. is a management company that handles all financial recordkeeping for the Organization. They also handle public relations, advertising and other Administrative duties.”

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

“The Organization has two classes of members, Voting and Non-Voting. A member can be an individual, a firm, a partnership, a corporation or a governmental body. All members can participate in the development of the IFX specification to ensure your business needs and requirements are met.”

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

“Only the signatory reviews the Form 990 prior to its signing/filing.”

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

“The Organization's financial statements, governing documents and tax returns are available only upon request.”

Filing and Contact Details

Filer

EIN
54-1964448
Phone
7812460500

Signing Officer

Name
Richard Duvall
Title
Chairman
Signed
2015-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Duvall
Formed
1997
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Preparer
Thomas M Ruane CPA
Phone
7816430090
Raw XML Appendix367 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013310
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013478
IRS990/AccountsReceivableGrp/BOYAmt017985
IRS990/AccountsReceivableGrp/EOYAmt021985
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The purpose of the Interactive Financial Exchange Forum is to facilitate the development of a robust XML framework for the electronic business to business exchange of data among financial service institutions around the world.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt03845
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Virtual Inc
IRS990/BooksInCareOfDetail/PhoneNum07812460500
IRS990/BooksInCareOfDetail/USAddress/AddressLine10401 Edgewater Place Suite 600
IRS990/BooksInCareOfDetail/USAddress/City0Wakefield
IRS990/BooksInCareOfDetail/USAddress/State0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode001880
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt086996
IRS990/CashNonInterestBearingGrp/EOYAmt067114
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt09374
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0156163
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine10401 Edgewater Place Ste 600
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City0Wakefield
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode001880
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine10Virtual Inc
IRS990/ContractorCompensationGrp/ServicesDesc0Management
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0518
IRS990/CYOtherExpensesAmt0239827
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0212677
IRS990/CYRevenuesLessExpensesAmt0-26632
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0239827
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0213195
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0119656
IRS990/DeferredRevenueGrp/EOYAmt0130810
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The Interactive Financial Exchange Forum was formed in 1997 to create a messaging standard for financial services that would address the challenges faced with the advent of network-based computing models. Through the use of Committees and working groups, the Forum works to facilitate the design of a next generetion XML standard that would be usable in many types of environments, extensible to cover many types of financial transactions, and globally focused in recognition of the increased need to communicate around the world.
IRS990/DescribedInSection501c3Ind0false
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IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0false
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt01200
IRS990/FeesForServicesLegalGrp/TotalAmt03413
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt0139005
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Ewan McGuire
IRS990/Form990PartVIISectionAGrp/PersonNm1David Moss
IRS990/Form990PartVIISectionAGrp/PersonNm2Joachim Seibert
IRS990/Form990PartVIISectionAGrp/PersonNm3Terri Willis
IRS990/Form990PartVIISectionAGrp/PersonNm4Murray Heldon
IRS990/Form990PartVIISectionAGrp/PersonNm5Troy Bradley
IRS990/Form990PartVIISectionAGrp/PersonNm6Richard Duvall
IRS990/Form990PartVIISectionAGrp/PersonNm7Victor Dossey
IRS990/Form990PartVIISectionAGrp/PersonNm8Mark Tiggas
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0false
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0213195
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt01447
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0518
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0518
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The purpose of the Interactive Financial Exchange Forum is to facilitate the development of a robust XML framework for the electronic business to business exchange of data among financial service institutions around the world.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt053033
IRS990/NetAssetsOrFundBalancesEOYAmt026401
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt06062
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Technical services
IRS990/OtherExpensesGrp/Desc1Liason expenses
IRS990/OtherExpensesGrp/Desc2Marketing Communications
IRS990/OtherExpensesGrp/Desc3Webex & Kavi
IRS990/OtherExpensesGrp/TotalAmt035000
IRS990/OtherExpensesGrp/TotalAmt125627
IRS990/OtherExpensesGrp/TotalAmt26272
IRS990/OtherExpensesGrp/TotalAmt35296
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01072
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01125
IRS990/PrincipalOfficerNm0Richard Duvall
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Annual Subscriptions
IRS990/ProgramServiceRevenueGrp/Desc1Dues & Membership
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016118
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1196559
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016118
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1196559
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0188
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0197823
IRS990/PYProgramServiceRevenueAmt0232211
IRS990/PYRevenuesLessExpensesAmt034576
IRS990/PYTotalExpensesAmt0197823
IRS990/PYTotalRevenueAmt0232399
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-26632
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt079946
IRS990/SavingsAndTempCashInvstGrp/EOYAmt080465
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Virtual, Inc. is a management company that handles all financial recordkeeping for the Organization. They also handle public relations, advertising and other Administrative duties.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has two classes of members, Voting and Non-Voting. A member can be an individual, a firm, a partnership, a corporation or a governmental body. All members can participate in the development of the IFX specification to ensure your business needs and requirements are met.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Only the signatory reviews the Form 990 prior to its signing/filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization's financial statements, governing documents and tax returns are available 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 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0185999
IRS990/TotalAssetsEOYAmt0170689
IRS990/TotalAssetsGrp/BOYAmt0185999
IRS990/TotalAssetsGrp/EOYAmt0170689
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0239827
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0132966
IRS990/TotalLiabilitiesEOYAmt0144288
IRS990/TotalLiabilitiesGrp/BOYAmt0132966
IRS990/TotalLiabilitiesGrp/EOYAmt0144288
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt053033
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026401
IRS990/TotalProgramServiceRevenueAmt0212677
IRS990/TotalRevenueGrp/ExclusionAmt0518
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0212677
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213195
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0185999
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0170689
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt03286
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt053033
IRS990/UnrestrictedNetAssetsGrp/EOYAmt026401
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10401 Edgewater Place Suite 600
IRS990/USAddress/City0Wakefield
IRS990/USAddress/State0MA
IRS990/USAddress/ZIPCode001880
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.IFXFORUM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard Duvall
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-28
ReturnHeader/Filer/BusinessName/BusinessNameLine10Interactive Financial Exchange Forum
ReturnHeader/Filer/BusinessName/BusinessNameLine20Inc
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0541964448
ReturnHeader/Filer/PhoneNum07812460500
ReturnHeader/Filer/USAddress/AddressLine10401 Edgewater Place Suite 600
ReturnHeader/Filer/USAddress/City0Wakefield
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode001880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Ruane & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1022 Mill Street Suite 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Arlington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode002476
ReturnHeader/PreparerPersonGrp/PhoneNum07816430090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas M Ruane CPA
ReturnHeader/ReturnTs02015-04-28T05:46:26-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$170,689
Liabilities
$144,288
Net assets
$26,401
Revenue
$213,195
Expenses
$239,827
Net income
-$26,632
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$1.40$0.09$1.97$2.19$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.39$1.25$0.14$1.98$2.15$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.72$1.42$0.30$2.35$2.30$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.71$1.44$0.26$2.13$2.40$0.27
2013Summary only. Only limited summary data is available for this year.$1.86$1.33$0.53$2.32$1.98$0.35
2012Summary only. Only limited summary data is available for this year.$1.62$1.43$0.18$2.30$2.11$0.18