Civic Intelligence

Xr Association

EIN 82-2433055 • 501(c)6 • Washington, DC

Profile

To promote responsible development and adoption of virtual and augmented reality globally with best practices, dialogue across stakeholders, and research.

PO Box 70267 45 L Street SWWashington, DC 20024-9997

xra.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

24th percentile

-6.0%

Higher net margin than 24% of similar nonprofits.

501(c)6 • $500k-$1M 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

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-54%

Faster revenue growth than 2% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $3,231,532 (-100%) from 2019

Liabilities

Down

$0

Down $56,981 (-100%) from 2019

Net Assets

Down

$0

Down $3,174,551 (-100%) from 2019

Revenue

Down

$875,536

Down $1,037,850 (-54%) from 2019

Expenses

Up

$928,404

Up $297,559 (+47%) from 2019

Net Income

Down

-$52,868

Down $1,335,409 (-104%) from 2019

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $3,231,532Liabilities 2019: $56,981Net Assets 2019: $3,174,5512019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $1,913,386Expenses 2019: $630,845Net Income 2019: $1,282,5412019Revenue 2020: $875,536Expenses 2020: $928,404Net Income 2020: -$52,8682020

Highlighted filing

2020

Revenue$875,536
Expenses$928,404
Net Income-$52,868

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 7, 2021
Return Version
2020v4.1
Gross Receipts
$875,536
Mission and Program Overview

Mission

To promote responsible development and adoption of virtual and augmented reality globally with best practices, dialogue across stakeholders, and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,868,148$0▼ $2,868,148
Accounts Receivable$340,000$0▼ $340,000
Land, Buildings, and Equipment, Net$19,400$0▼ $19,400
Prepaid Expenses and Deferred Charges$3,984$0▼ $3,984
Cash and Non-Interest-Bearing Accounts-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,231,532$0▼ $3,231,532
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$56,981--
Total Liabilities$56,981$0▼ $56,981
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,174,551$0▼ $3,174,551
Total Net Assets Fund Balance$3,174,551$0▼ $3,174,551
Total Liabilities and Net Assets / Fund Balance$3,231,532$0▼ $3,231,532
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth HymanChief Executive OfficerFT$271,058$34,661$305,719

Board Members and Trustees

NameTitle
Amy FoxPresident (former)
Debbie GirolamoPresident/director
Heidi HolmanDirector
Luis JimenezDirector
Marc MetisSecretary/director
Riley R RussellTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$875,000
Program Service Revenue
$0
Investment Income
$536
Other Revenue
$0
All Other Contributions
$750,000
Change in Net Assets
$-52,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$483,390
Salaries, Compensation, and Employee Benefits$445,014
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---$315,910
Fees for Services Other---$226,485
Other Salaries and Wages---$91,088
Fees for Services Accounting---$66,913
Information Technology---$55,416
Conferences and Meetings---$31,288
Payroll Taxes---$24,481
Fees for Services Legal---$21,419
Other Employee Benefits---$10,102
Other Expenses---$8,014
Depreciation Depletion---$7,274
Travel---$6,756
All Other Expenses---$4,929
Pension Plan Contributions---$3,433
Occupancy---$3,019
Insurance---$2,013
Advertising---$1,200
Office Expenses---$1,196
Total Functional Expenses$0$0$0$928,404
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
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 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
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Xr association has two membership classes

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

At the annual meeting of the board, each sponsor member shall appoint one director to represent it on the board.

Form 990, Part VI, Section A, Line 8B

Xr association did not have any committees with authority to act on behalf of the governing body.

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

The form 990 is prepared by an outside accountant and reviewed by management with the assistance of legal counsel. A final copy of the return was provided to the board of directors before submission to the irs.

Form 990, Part VI, Section B, Line 12C

Each interested person (as defined in the conflicts of interest policy) is required to disclose actual and potential conflicts of interest exists through periodic disclosure and whenever such actual or potential conflict of interest arises. The board of directors would evaluate any disclosure and determine an appropriate remedy to comply with applicable requirements governing conflicts of interest. An interested person whose potential conflict is under review by the board may not debate, vote, or otherwise participate in such determination except to disclose material facts and to respond to questions.

Form 990, Part VI, Section B, Line 15A

The ceo's compensation is approved by the board of directors when preparing the association's budget. The board of directors reviews the executive compensation disclosed on other organiations' form 990 that are similar in size and mission to xr association.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Xr Association
EIN
82-2433055
Phone
2025779570
Address
PO BOX 70267 45 L STREET SW, WASHINGTON, DC 20024-9997

Signing Officer

Name
Susan Arceneaux
Title
Chief Financial Officer
Phone
7034098007
Signed
2021-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Hyman
Formed
2016
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
0

Preparer

Firm
Councilor Buchanan & Mitchell Pc
Address
7910 WOODMONT AVE STE 500, BETHESDA, MD 20814
Preparer
Julia L Lafferty
Phone
3019860600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultant fee: executive recruitment 217,516. Payroll service fees 8,969.

FORM 990, PART XI, LINE 9:

Liquidation due to termination -3,121,681. Rounding -2.

Raw XML AppendixShowing 400 of 413 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.

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IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1FIXED ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2OTHER CURRENT LIABILITIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0XRA ONE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1XRA ONE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2XRA ONE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-09-28
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12020-09-28
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22020-09-28
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0850836692
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1850836692
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2850836692
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt03109638
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt121419
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt2-9375
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(6)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(6)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(6)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01299 PENNSYLVANIA AVE NW STE 300
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt11299 PENNSYLVANIA AVE NW STE 300
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt21299 PENNSYLVANIA AVE NW STE 300
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0WASHINGTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1WASHINGTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2WASHINGTON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0DC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1DC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2DC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd020004
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd120004
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd220004
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: ELIZABETH HYMANDEBBIE GIROLAMOMARC METISRILEY R. RUSSELLHEIDI HOLMANLUIS JIMENEZAMY FOX
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: ALL OFFICERS AND DIRECTORS LISTED ABOVE BECAME OFFICERS AND DIRECTORS OF THE SUCCESSOR ENTITY XRA ONE.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0XR ASSOCIATION HAS TWO MEMBERSHIP CLASSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT THE ANNUAL MEETING OF THE BOARD, EACH SPONSOR MEMBER SHALL APPOINT ONE DIRECTOR TO REPRESENT IT ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2XR ASSOCIATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT AND REVIEWED BY MANAGEMENT WITH THE ASSISTANCE OF LEGAL COUNSEL. A FINAL COPY OF THE RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH INTERESTED PERSON (AS DEFINED IN THE CONFLICTS OF INTEREST POLICY) IS REQUIRED TO DISCLOSE ACTUAL AND POTENTIAL CONFLICTS OF INTEREST EXISTS THROUGH PERIODIC DISCLOSURE AND WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES. THE BOARD OF DIRECTORS WOULD EVALUATE ANY DISCLOSURE AND DETERMINE AN APPROPRIATE REMEDY TO COMPLY WITH APPLICABLE REQUIREMENTS GOVERNING CONFLICTS OF INTEREST. AN INTERESTED PERSON WHOSE POTENTIAL CONFLICT IS UNDER REVIEW BY THE BOARD MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS WHEN PREPARING THE ASSOCIATION'S BUDGET. THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE COMPENSATION DISCLOSED ON OTHER ORGANIATIONS' FORM 990 THAT ARE SIMILAR IN SIZE AND MISSION TO XR ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONSULTANT FEE: EXECUTIVE RECRUITMENT 217,516. PAYROLL SERVICE FEES 8,969.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LIQUIDATION DUE TO TERMINATION -3,121,681. ROUNDING -2.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt03231532
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt03231532
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0875000
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/TotalAmt0928404
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt056981
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt056981
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03174551
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt034661
IRS990/TotalReportableCompFromOrgAmt0271058
IRS990/TotalRevenueGrp/ExclusionAmt0536
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0875536
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03231532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt06756
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 70267 45 L STREET SW
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd0200249997
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://XRA.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN ARCENEAUX
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07034098007
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0XR ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0XRAS
ReturnHeader/Filer/EIN0822433055
ReturnHeader/Filer/PhoneNum02025779570
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 70267 45 L STREET SW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd0200249997
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521711839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COUNCILOR BUCHANAN & MITCHELL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07910 WOODMONT AVE STE 500

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