Civic Intelligence

Media Coding Industry Forum Inc C/O Vital Technical Marketing Inc

990 • Fiscal year 2023 • EIN 83-2009083

Jan 01, 2023 to Dec 31, 2023 • Filed on May 09, 2024

Organization ProfileWWW.MC-IF.ORG
3855 SW 153rd DriveBeaverton, OR 97003

(503) 619-0505

Siviq Scores

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

Liabilities / Assets

79th percentile

0.18x

Higher debt load relative to assets than 79% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

0.49x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

66th percentile

9.3%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

42nd percentile

-2.6%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-18%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$327,380

Down $8,608 (-2.6%) from 2022

Net Assets

Up

$269,554

Up $10,956 (+4.2%) from 2022

Liabilities

Down

$57,826

Down $19,564 (-25%) from 2022

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin66th percentile

Revenue

Down

$118,417

Down $26,229 (-18%) from 2022

Expenses

Up

$107,461

Up $34,125 (+47%) from 2022

Net Income

Down

$10,956

Down $60,354 (-85%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$400K$300K$200K$100K$0-$100KAssets 2018: $117,519Liabilities 2018: $180,222Net Assets 2018: -$62,7032018Assets 2019: $170,710Liabilities 2019: $170,654Net Assets 2019: $562019Assets 2020: $184,654Liabilities 2020: $115,960Net Assets 2020: $68,6942020Assets 2021: $278,948Liabilities 2021: $91,660Net Assets 2021: $187,2882021Assets 2022: $335,988Liabilities 2022: $77,390Net Assets 2022: $258,5982022Assets 2023: $327,380Liabilities 2023: $57,826Net Assets 2023: $269,5542023Assets 2024: $274,197Liabilities 2024: $61,006Net Assets 2024: $213,1912024

Highlighted filing

2023

Assets$327,380
Liabilities$57,826
Net Assets$269,554
Open 2023 Filing

Operations Trend

Revenue Growth18th percentile

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

$300K$200K$100K$0-$100KRevenue 2018: $29,400Expenses 2018: $92,103Net Income 2018: -$62,7032018Revenue 2019: $181,550Expenses 2019: $118,791Net Income 2019: $62,7592019Revenue 2020: $222,391Expenses 2020: $153,753Net Income 2020: $68,6382020Revenue 2021: $207,938Expenses 2021: $89,344Net Income 2021: $118,5942021Revenue 2022: $144,646Expenses 2022: $73,336Net Income 2022: $71,3102022Revenue 2023: $118,417Expenses 2023: $107,461Net Income 2023: $10,9562023Revenue 2024: $95,000Expenses 2024: $151,363Net Income 2024: -$56,3632024

Highlighted filing

2023

Revenue$118,417
Expenses$107,461
Net Income$10,956
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 9, 2024
Return Version
2023v5.0
Gross Receipts
$118,417
Mission and Program Overview

Mission

To further the adoption of mpeg standards, initially focusing on vvc (versatile video coding), by establishing them as well accepted and widely used standards for the benefit of consumers and the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$333,123$327,015▼ $6,108
Rtn Earn Endowment Incm Other Fnds$258,598$269,554▲ $10,956
Accounts Receivable$2,500--
Prepaid Expenses and Deferred Charges$365$365→ $0
Total Assets$335,988$327,380▼ $8,608
Liabilities
Other Liabilities$66,500$38,000▼ $28,500
Accounts Payable and Accrued Expenses$15$15,868▲ $15,853
Deferred Revenue$10,875$3,958▼ $6,917
Total Liabilities$77,390$57,826▼ $19,564
Net Assets / Fund Balance
Total Net Assets Fund Balance$258,598$269,554▲ $10,956
Total Liabilities and Net Assets / Fund Balance$335,988$327,380▼ $8,608
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Justin RidgePresident
Alan SteinDirector
Aytac BiberDirector
Fredric BonnetDirector
Per FrojdhDirector
Sean MccarthyDirector
Yi JenDirector
Ruth McginnisExecutive Di
Stephan WengerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$118,417
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$10,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,461
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---$60,660
Advertising---$29,008
Fees for Services Legal---$6,382
Information Technology---$5,760
Fees for Services Accounting---$3,000
Insurance---$2,190
Office Expenses---$461
Total Functional Expenses$0$0$0$107,461
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
Member Deposits$38,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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, Page 6, Part VI, Line 3

“The organization delegates the majority of operations secretariat duties to the management company, vital technical marketing, inc. Including but not limited to administration of the majority of meetings, assistance with membership duties and all financial duties.”

Form 990, Page 6, Part VI, Line 6

“There are two classes of members: regular members and small entity members. Regular members benefits include all benefits afforded to the small entity members and the right to nominate and vote to elect representatives for the board of directors.”

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

“Regular members have voting rights.”

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

“The organization's president is asked to review the form 990 and provide approval, so the executive director can sign.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Media Coding Industry Forum Inc
EIN
83-2009083
Phone
5036190505
Address
3855 SW 153RD DRIVE, BEAVERTON, OR 97003

Signing Officer

Name
Ruth Mcginnis
Title
Executive Director
Phone
5036190505
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Ridge
Formed
2018
Legal Domicile
De
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Skcpa & Co
Address
10260 SW GREENBURG ROAD SUITE 1000, PORTLAND, OR 97223-5526
Preparer
Sean S Kim
Phone
5032931040
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Officers and board members”

Raw XML Appendix294 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATES THE MAJORITY OF OPERATIONS SECRETARIAT DUTIES TO THE MANAGEMENT COMPANY, VITAL TECHNICAL MARKETING, INC. INCLUDING BUT NOT LIMITED TO ADMINISTRATION OF THE MAJORITY OF MEETINGS, ASSISTANCE WITH MEMBERSHIP DUTIES AND ALL FINANCIAL DUTIES.
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-09
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ReturnHeader/ReturnTs02024-05-14T14:24:38-04:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$327,380
Liabilities
$57,826
Net assets
$269,554
Revenue
$118,417
Expenses
$107,461
Net income
$10,956
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.74$0.61$2.13$0.95$1.51$0.56
2023Detailed filing. Detailed filing data is available for this year.$3.27$0.58$2.70$1.18$1.07$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$0.77$2.59$1.45$0.73$0.71
2021Detailed filing. Detailed filing data is available for this year.$2.79$0.92$1.87$2.08$0.89$1.19
2020Detailed filing. Detailed filing data is available for this year.$1.85$1.16$0.69$2.22$1.54$0.69
2019Detailed filing. Detailed filing data is available for this year.$1.71$1.71$0.00$1.82$1.19$0.63
2018Detailed filing. Detailed filing data is available for this year.$1.18$1.80$0.63$0.29$0.92$0.63