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Augmented Reality Alliance INC

IRS exemption revoked

Wakefield, MAUnknown exempt organization EIN 46-4222755Revenue $360K in FY2020

On file with the IRSthearea.org401 Edgewater Place Suite 600 · Wakefield, MA

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The mission of the area is to help companies in all parts of the ecosystem to achieve greater operational efficiency through the smooth introduction and widespread adoption of interoperable ar-assisted enterprise systems.

$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$282K
117% of total assets
Concern: liabilities are 117% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$360K
Spent
$301K
To programs
0%
Net assets
−$41K

From the FY2020 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Who runs it and what they're paid

9 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Mark Sage
Executive Di
$73,800Pt VII · Sec A
Paul Davies
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Schuetz
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Augmented Reality Alliance INC executive salaries →

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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 15aYes

Programs and updates

Improves company efficiency by promoting interoperable AR systems.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

The augmented reality for enterprise alliance (area) was incorporated in the state of delaware in december 2013 as a member-driven non-profit organization commited to the global advancement of augmented reality technology in enterprise.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$360K
Ln 12
Fees for servicesLn 2g$360K
Money outPt IX
$301K
Ln 25
Owns and owesPt X
−$41K
net assets · Ln 32
Cash and savingsLn 1–2$198K
Total assetsLn 16$241K
LiabilitiesLn 26$282K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$360K
Total revenueLn 12$360K
Assets in detailPt X, end of year
CashLn 1$198K
Cash and savings togetherLn 1–2$198K
Total assetsLn 16$241K
LiabilitiesLn 26$282K
Net assetsLn 32−$41K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$124K$198K
Total assetsLn 16$239K$241K
LiabilitiesLn 26$338K$282K
Net assetsLn 32−$99K−$41K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$74K
Management feesLn 11a$71K
Legal feesLn 11b$127
Accounting feesLn 11c$2K
Office expensesLn 13$2K
Information technologyLn 14$6K
Conferences, conventions and meetingsLn 19$13K
InsuranceLn 23$889
Other expenses (24a–d)Ln 24$131K
All other expensesLn 24e$2K
Total functional expensesLn 25$301K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $360K$301K$58K−$41K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $359,792 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $291,415$359,792
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $291,415$359,792
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $73,800$73,800
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $237,414$227,625
I-18 Total expensesPrior year $311,214$301,425
I-19 Revenue less expensesPrior year −$19,799$58,367
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $359,792 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $359,792$359,792
VIII-12 Total revenueRelated to mission $359,792$359,792
Part IX · Statement of functional expenses $301,425 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$73,800
IX-11a Management fees$71,427
IX-11b Legal fees$127
IX-11c Accounting fees$1,500
IX-13 Office expenses$1,769
IX-14 Information technology$6,196
IX-19 Conferences, conventions and meetings$13,200
IX-23 Insurance$889
IX-24 Other expenses (24a–d)$131,017
IX-24e All other expenses$1,500
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$301,425
Part X · Balance sheet $240,911 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $123,595$198,105
X-4 Accounts receivableStart of year $112,000$38,200
X-9 Prepaid expenses and deferred chargesStart of year $3,599$4,606
X-16 Total assetsStart of year $239,194$240,911
X-17 Accounts payable and accrued expensesStart of year $23,222$30,405
X-19 Deferred revenueStart of year $314,958$251,125
X-26 Total liabilitiesStart of year $338,180$281,530
X-27 Net assets without donor restrictionsStart of year −$98,986−$40,619
X-32 Total net assets or fund balancesStart of year −$98,986−$40,619
X-33 Total liabilities and net assetsStart of year $239,194$240,911
Part XI · Reconciliation of net assets −$40,619 net assets at year end
XI-1 Total revenue$359,792
XI-2 Total expenses$301,425
XI-3 Revenue less expenses$58,367
XI-4 Net assets at start of year−$98,986
XI-10 Net assets at end of year−$40,619

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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