Civic Intelligence

Finops Foundation Inc

EIN 83-3842679 • 501(c)6 • Portland, OR

Profile

To promote the general welfare and common business interests of the cloud financial management industry.

3435 SW Gale AvePortland, OR 97239

finops.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

50th percentile

0.00x

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

501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

30th percentile

-11%

Higher net margin than 30% of similar nonprofits.

501(c)6 • <$500k 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

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Revenue

$328,823

No earlier filing loaded for comparison.

Expenses

$364,596

No earlier filing loaded for comparison.

Net Income

-$35,773

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$0Assets 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.

$400K$200K$0-$200KRevenue 2020: $328,823Expenses 2020: $364,596Net Income 2020: -$35,7732020

Highlighted filing

2020

Revenue$328,823
Expenses$364,596
Net Income-$35,773

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.29$3.65$0.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 27, 2021
Return Version
2020v4.0
Gross Receipts
$328,823
Mission and Program Overview

Mission

To promote the general welfare and common business interests of the cloud financial management industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$33,373$0▼ $33,373
Pledges and Grants Receivable$2,400$0▼ $2,400
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$35,773$0▼ $35,773
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$35,773--
Total Net Assets Fund Balance$35,773$0▼ $35,773
Total Liabilities and Net Assets / Fund Balance$35,773$0▼ $35,773
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jason StormentPresident
Ashley HromatkoBoard Member
Jason FullerBoard Member
Joseph DalyBoard Member
Michael FullerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$328,823
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-35,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$247,608
Grants and Similar Amounts Paid$116,988
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$161,107
Grants to Domestic Orgs---$116,988
Advertising---$32,190
Office Expenses---$17,269
Fees for Services Legal---$4,957
Other Expenses---$25
Total Functional Expenses$0$0$0$364,596
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Linux FoundationSan Francisco, CA501(c)(6)General Support$116,988
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
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
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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, Line 4: Description of Significant Changes to Organizational Documents

Adopted articles of dissolution.

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

The organization has five classes of members: charter, practitioner, vendor, cloud service provider, and services. All members have the same rights.

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

No review was or will be conducted.

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

A conflict of interest questionnaire is completed annually by all officers, directors, and members of board committees, and by employees designated by the board or by the president.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
FinOps Foundation Inc
EIN
83-3842679
Phone
8089891227
Address
3435 SW Gale Ave, Portland, OR 97239

Signing Officer

Name
Jason Storment
Title
President
Signed
2021-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Storment
Formed
2019
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Kern & Thompson LLC
Address
1800 SW First Avenue Suite 410, Portland, OR 97201
Preparer
William K Rouse CPA
Phone
5032223338
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

ORGANIZATION DISSOLVED.

Raw XML Appendix342 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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