Nonprofit · EIN 77-0212238
VIDEO ELECTRONICS STANDARDS ASSOCIATION
Tax-exempt · SAN JOSE, CA 95110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,671,753 | $2,373,318 | $1,298,435 | $7,967,659 | $1,747,199 | $6,220,460 |
| December 31, 2023 | 990 | $2,733,872 | $2,241,789 | $492,083 | $7,177,654 | $1,643,164 | $5,534,490 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,535,000
- Membership dues
- $2,535,000
- Program service revenue
- $0
- Investment income
- $1,121,003
- Royalties
- $15,750
- Net gain from sales of assets
- $907,710
- Other revenue
- $15,750
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $300,000
- Other salaries and wages
- $43,159
- Salaries, compensation and benefits (total)
- $374,737
- Professional fundraising fees
- $0
- Legal fees
- $6,309
- Accounting fees
- $50,500
- Occupancy
- $77,074
- Depreciation
- $62,019
- Program services (functional)
- $1,955,489
- Management and general (functional)
- $417,829
Balance sheet and other
- Total assets, start of year
- $7,177,654
- Total assets, end of year
- $7,967,659
- Total liabilities, end of year
- $1,747,199
- Net assets, end of year
- $6,220,460
- Land, buildings and equipment
- $127,084
- Publicly traded securities
- $7,228,712
- Net assets without donor restrictions
- $6,220,460
- Gross receipts
- $8,134,466
- Employees
- 2
- Volunteers
- 70
- Year formed
- 1989
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM LEMPESIS | EXECUTIVE DIRECTOR Officer | 40 | $300,000 |
| ALAN KOBAYASHI | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SYED ATHAR HUSSAIN | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DO KYUN KIM | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES GOEL | BOARD MEMBER Trustee or director | 1 | $0 |
| GREG STATEN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| NAUSHEEN ANSARI | BOARD MEMBER Trustee or director | 1 | $0 |
| MARTIN HSU | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM LEMPESIS | EXECUTIVE DIRECTOR Officer | 40 | $300,000 |
| ALAN KOBAYASHI | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SYED ATHAR HUSSAIN | VICE-CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DO KYUN KIM | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES GOEL | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| GREG STATEN | BOARD MEMBER Trustee or director | 1 | $0 |
| NAUSHEEN ANSARI | BOARD MEMBER Trustee or director | 1 | $0 |
| MARTIN HSU | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1754 TECHNOLOGY DRIVE, SAN JOSE, CA 95110-1308
- Principal officer (990 for 2024)
- WILLIAM LEMPESIS, C/O VTM GROUP 3855 SW 153RD DRIVE, BEAVERTON, OR 97003
- Signed the 990
- WILLIAM LEMPESIS, EXECUTIVE DIRECTOR
- Phone
- (503) 619-0279
- Website
- WWW.VESA.ORG
- Return prepared by
- ABBOTT STRINGHAM & LYNCH
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0212238 or by the name VIDEO ELECTRONICS STANDARDS ASSOCIATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- DEVELOPMENT AND ENHANCEMENT OF IMPROVED COMPUTER GRAPHICS STANDARDS THROUGH MEETINGS AND CONFERENCES AMONG MEMBERS. VESA HOLDS 2-3 COMPLIANCE WORKSHOPS EACH YEAR TO PROVIDE MEMBERS WITH THE LATEST UPDATES TO THE VESA STANDARDS AND SPECIFICATIONS, AS WELL AS THE VESA COMPLIANCE PROGRAM AND REQUIREMENTS, VESA HOLDS 2 PLUGTEST EVENTS EACH YEAR TO ALLOW MEMEBERS THE OPPORTUNITY TO TEST THE INTEROPERABILITY OF THEIR PRODUCTS.Expenses $1,955,489
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0212238
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,967,659
- Income (IRS master file)
- $8,134,466
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,671,753 | $2,373,318 | $7,967,659 | XML |
| 990 | December 2023 | $2,733,872 | $2,241,789 | $7,177,654 | XML |
| 990 | December 2022 | $2,517,898 | $2,131,150 | $6,408,729 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0212238).
Questions about VIDEO ELECTRONICS STANDARDS ASSOCIATION
- What is the EIN of VIDEO ELECTRONICS STANDARDS ASSOCIATION?
- The employer identification number (EIN) of VIDEO ELECTRONICS STANDARDS ASSOCIATION is 77-0212238.
- Is VIDEO ELECTRONICS STANDARDS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
- Are donations to VIDEO ELECTRONICS STANDARDS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIDEO ELECTRONICS STANDARDS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIDEO ELECTRONICS STANDARDS ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIDEO ELECTRONICS STANDARDS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VIDEO ELECTRONICS STANDARDS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names WILLIAM LEMPESIS.
- Who are the officers and directors of VIDEO ELECTRONICS STANDARDS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $300,000 (WILLIAM LEMPESIS, EXECUTIVE DIRECTOR).
- How much revenue does VIDEO ELECTRONICS STANDARDS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,671,753, expenses of $2,373,318 and total assets of $7,967,659 at year end.
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