Isto INC

Not tax-deductible

Piscataway, NJ501(c)(6)Community DevelopmentEIN 22-3639558

To facilitate the life cycle of industry standards development through a staff committed to neutrality, quality, and member satisfaction.

Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $41K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$400K
to officers and key staff · 9% of spending
Top officer’s pay higher than 84% of similar orgs
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 27.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9.8M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
-8% vs prior year
Spent
$4.6M
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$4.7M
FY2024▼ -8%
Revenue by fiscal year
FY2020$3.8M
FY2021$4.5M
FY2022$5.1M
FY2023$5.1M
FY2024$4.7M
Expenses
$4.6M
FY2024▼ -11%
Expenses by fiscal year
FY2020$3.7M
FY2021$4.4M
FY2022$5.1M
FY2023$5.2M
FY2024$4.6M
Net assets
$1.2M
FY2024▲ +10%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.1M
FY2023$1.1M
FY2024$1.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

10 people listed on the 990; $400K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dir. Pres. & CEO (thru. 4/24)
$282,731Pt VII · Sec A
Dir., Pres. & CEO (eff. 04/24)
$116,980Pt VII · Sec A
$0Pt VII · Sec A
Director (thru. 4/24)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (thru. 5/24)
$0Pt VII · Sec A
$0Pt VII · Sec A

Adam Newman’s $283K as Dir. Pres. & CEO (thru. 4/24) is at the 84th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Adam Newman$282,731$319,301$265,156——
Marco W Migliaro——$142,092$181,659$171,574
Daniel Burnett$116,980————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops industry standards through a neutral, quality-focused process.

Provided by the organization

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3 program services, described in the organization's own filed words · FY2024.
01

Mipi Alliance

Deliver and support solutions for the multi-media enhanced mobile device industry that will promote a faster and broader adoption of multi-media enhanced mobile devices by defining, developing, and promoting mipi specifications that can be widely adopted in order to enhance demand for products that implement mipi specifications.

Pt IX · col B
02

DiiA is an open, global consortium of lighting companies, whose main aim is to grow the market for lighting-control solutions based on the standardized Digital Addressable Lighting Interface (DALI) protocol.

Pt IX · col B
03

Zhaga

An industry-wide cooperation aimed at the development of standard specifications for the interfaces of led light engines.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $25K · 2021–2021
Drexel UniversityPA · FY2021$25,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$261K
Money outPt IX
$4.6M
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$10.6M
Total assetsLn 16$11.0M
LiabilitiesLn 26$9.8M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$261K
Gains on assetsLn 7$0
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$10.6M
SavingsLn 2$0
Cash and savings togetherLn 1–2$10.6M
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$11.0M
LiabilitiesLn 26$9.8M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10.0M$10.6M
InvestmentsLn 11–13$0$0
Total assetsLn 16$10.6M$11.0M
LiabilitiesLn 26$9.5M$9.8M
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$441K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$178K
Accounting feesLn 11c$25K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2.4M
Advertising and promotionLn 12$147K
Office expensesLn 13$23K
Information technologyLn 14$225K
RoyaltiesLn 15$0
OccupancyLn 16$5K
TravelLn 17$273K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$792K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$91K
Other expenses (24a–d)Ln 24$23K
Total functional expensesLn 25$4.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.7M$4.6M$109K$1.2M 990 PDF
FY2023 $5.1M$5.2M−$55K$1.1M 990 PDF
FY2022 $5.1M$5.1M−$13K$1.1M 990 PDF
FY2021 $4.5M$4.4M$81K$1.2M 990 PDF
FY2020 $3.8M$3.7M$80K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,689,529 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,428,992$4,428,992
VIII-3 Investment incomeExcluded from tax $260,537$260,537
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $4,428,992 · Unrelated business $0 · Excluded from tax $260,537$4,689,529
Part IX · Statement of functional expenses $4,580,337 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$441,471
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$178,290
IX-11c Accounting fees$25,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$2,357,195
IX-12 Advertising and promotion$146,866
IX-13 Office expenses$22,769
IX-14 Information technology$224,672
IX-15 Royalties$0
IX-16 Occupancy$4,796
IX-17 Travel$273,083
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$792,209
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$91,174
IX-24 Other expenses (24a–d)$22,812
IX-25 Total functional expenses$4,580,337
Part X · Balance sheet $10,960,581 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $10,005,459$10,599,619
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $444,397$175,642
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $147,321$185,320
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $10,597,177$10,960,581
X-17 Accounts payable and accrued expensesStart of year $1,701,597$983,402
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $7,801,719$8,774,126
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $9,503,316$9,757,528
X-27 Net assets without donor restrictionsStart of year $1,093,861$1,203,053
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,093,861$1,203,053
X-33 Total liabilities and net assetsStart of year $10,597,177$10,960,581
Part XI · Reconciliation of net assets $1,203,053 net assets at year end
XI-1 Total revenue$4,689,529
XI-2 Total expenses$4,580,337
XI-3 Revenue less expenses$109,192
XI-4 Net assets at start of year$1,093,861
XI-10 Net assets at end of year$1,203,053

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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