2024-11-14T20:28:44-06:00 2023-12-31 770051130 ABBOTT STRINGHAM & LYNCH 1901 S BASCOM AVE STE 105 CAMPBELL CA 95008 990 2023-01-01 770212238 VIDEO ELECTRONICS STANDARDS ASSOCIATION VIDE 5036190279 CO VTM GROUP 3855 SW 153RD DRIVE BEAVERTON OR 97003 WILLIAM LEMPESIS EXECUTIVE DIRECTOR 5036190279 2024-11-14 1 0 SHEBA B DALANEY P00351252 4083778700 2024-11-14 2023 2024-10-15 13:58:12Z WILLIAM LEMPESIS C/O VTM GROUP 3855 SW 153RD DRIVE BEAVERTON OR 97003 5315081 0 X WWW.VESA.ORG X 1989 CA VESA'S (VIDEO ELECTRONIC STANDARDS ASSOCIATION) MISSION IS TO DEVELOP, PROMOTE AND SUPPORT AN ECOSYSTEM OF VENDORS AND CERTIFIED, INTEROPERABLE PRODUCTS FOR THE ELECTRONICS INDUSTRY. 7 7 2 30 0 0 2447083 2547500 0 0 63815 175653 7000 10719 2517898 2733872 0 0 0 0 315412 390281 0 0 0 1815738 1851508 2131150 2241789 386748 492083 6408729 7177654 1822200 1643164 4586529 5534490 VESA'S (VIDEO ELECTRONIC STANDARDS ASSOCIATION) MISSION IS TO DEVELOP, PROMOTE AND SUPPORT AN ECOSYSTEM OF VENDORS AND CERTIFIED, INTEROPERABLE PRODUCTS FOR THE ELECTRONICS INDUSTRY. 0 0 1822134 DEVELOPMENT AND ENHANCEMENT OF IMPROVED COMPUTER GRAPHICS STANDARDS THROUGH MEETINGS AND CONFERENCES AMONG MEMBERS. 1822134 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 2 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X VTM 5036190279 3855 SW 153RD DRIVE BEAVERTON OR 97003 ALAN KOBAYASHI CHAIRMAN 1.00 X X 0 0 0 SYED ATHAR HUSSAIN VICE-CHAIRMAN 1.00 X X 0 0 0 DO KYUN KIM BOARD MEMBER 1.00 X 0 0 0 JAMES GOEL SECRETARY/TREASURER 1.00 X X 0 0 0 GREG STATEN BOARD MEMBER 1.00 X 0 0 0 NAUSHEEN ANSARI BOARD MEMBER 1.00 X 0 0 0 MARTIN HSU BOARD MEMBER 1.00 X 0 0 0 WILLIAM LEMPESIS EXECUTIVE DIRECTOR 40.00 X 300000 0 0 300000 0 0 1 0 1 0 VTM INC 3855 SW 153RD DR BEAVERTON OR 97003 COMPLIANCE SERVICES, MEMBERSHIP & FINANC 350973 INCLINE COMPLIANCE ENGINEERING 311 CRYSTAL HILLS BLVD MANITOU SPRINGS CO 80829 COMPLIANCE PROGRAM MANAGER 171754 POLYTECH MARKETING LLC 2120 UNIVERSITY AVENUE BERELEY CA 94704 MARKETING 145860 PRANGER LAW PC 88 GUY PLACE SAN FRANCISCO CA 94105 LEGAL 122492 4 2547500 2547500 168890 168890 10719 10719 2587972 2581209 6763 6763 6763 2733872 0 0 186372 X 300000 225000 75000 45736 45736 25191 19726 5465 19354 15156 4198 96798 96798 67500 67500 51520 51520 728050 656530 71520 239659 239659 27032 27032 278202 278202 76515 76515 49835 39024 10811 21242 21242 TRADE SHOWS 206303 206303 BANK CHARGES 7643 7643 TAXES AND FEES 1209 1209 2241789 1822134 419655 0 886728 710237 188361 1076608 74203 72684 308597 186886 139748 121711 5025796 5116403 93893 80011 6408729 7177654 309425 204885 1218666 1174448 294109 263831 1822200 1643164 X 4586529 5534490 4586529 5534490 6408729 7177654 X 492083 455869 9 X 0 1 X 1 0 308597 186886 121711 121711 PREPAID MEMBERSHIP DUES 193563 CURRENT PORTION LEASE PAYABLE 64688 NON-CURRENT LEASE PAYABLE 5580 263831 X 3137072 455869 455869 2681203 51520 1149 52669 2733872 2189120 0 2189120 51520 1149 52669 2241789 PART X, LINE 2: THE ASSOCIATION HAS ADOPTED THE ACCOUNTING STANDARD RELATED TO UNCERTAINTIES IN INCOME TAXES. THE ASSOCIATION EVALUATES UNCERTAIN TAX POSITIONS THROUGH ITS REVIEW OF THE SOURCE OF REVENUE TO IDENTIFY UNRELATED BUSINESS INCOME AND CERTAIN OTHER MATTERS, INCLUDING THOSE WHICH MAY AFFECT ITS TAX EXEMPT STATUS. MANAGEMENT BELIEVES THEIR ESTIMATES RELATED TO INCOME TAX UNCERTAINTIES ARE APPROPRIATE BASED ON THE CURRENT FACTS AND CIRCUMSTANCES. THE ASSOCIATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR YEARS ENDED DECEMBER 31, 2020 THROUGH 2023 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE ASSOCIATION'S STATE RETURNS (FORM 199) FOR THE YEARS ENDED DECEMBER 31, 2019 THROUGH 2023 COULD BE SUBJECT TO EXAMINATION BY STATE TAXING AUTHORITIES, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAX WITHHELD FROM DIVIDENDS 1,149. PART XII, LINE 4B - OTHER ADJUSTMENTS: FOREIGN TAX WITHHELD FROM DIVIDENDS 1,149. EAST ASIA AND THE PACIFIC 0 1 CONDUCT MONTHLY MEMBER MEETINGS IN ASIA ORGANIZATION OF MEETINGS AND TRANSLATION OF DOCUMENTS. 86535 0 1 0 0 0 1 86535 0 86535 0 0 0 0 0 0 X X X 0 0 0 WILLIAM LEMPESIS EXECUTIVE DIRECTOR 300000 0 0 0 0 0 0 0 0 0 300000 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS COMPRISED OF MEMBERS WHO PAY MEMBERSHIP DUES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. EACH MEMBER COMPANY IS ENTITLED TO ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B IF THERE ARE ANY CHANGES TO THE BYLAWS OF THE ORGANIZATION, ALL MEMBERS OF THE ORGANIZATION ARE ALLOWED TO VOTE AND 20 PERCENT QUORUM IS REQUIRED. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR MEETS WITH THE AUDITORS TO REVIEW AND DISCUSS A DRAFT OF FORM 990 AND APPROVES IT BEFORE PRESENTING TO THE EXECUTIVE COMMITTEE AND TO THE ENTIRE BOARD OF DIRECTORS TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED BY THE BOARD USING GOALS AND OBJECTIVES TO DETERMINE COMPENSATION. INDUSTRY STANDARDS BODIES STUDIED BY INDEPENDENT THIRD PARTIES ARE USED AS A BASIS. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS ARE MADE PUBLIC AT WWW.VESA.ORG. THE ORGANIZATION MAKES OTHER GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO MEMBERS ONLY UPON REQUEST. FORM 990, PART IX, LINE 11G COMPLIANCE MANAGER: PROGRAM SERVICE EXPENSES 291,222. MANAGEMENT AND GENERAL EXPENSES 71,520. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 362,742. DOCUMENT EDITOR: PROGRAM SERVICE EXPENSES 81,881. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,881. VTM CONSULTANT: PROGRAM SERVICE EXPENSES 196,892. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 196,892. JAPAN CONSULTANT: PROGRAM SERVICE EXPENSES 29. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29. ASIA EXPENSES: PROGRAM SERVICE EXPENSES 86,506. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,506. FORM 990, PART XI, LINE 9: ROUNDING 9.