Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
29 people listed on the 990.
Alper Yegin’s $87K as CEO is at the 9th percentile of top reported officer pay among 363 $1–10M science & technology 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.
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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
Ensures global LPWAN network interoperability through standardization and certification.
Questions for Lora Alliance INC
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Participated in trade shows with the following as the top 3 in attendance:1.) World Ag Expo - Tulare, CA (106,357 attendees)2.) India Smart Utility week - New Delhi, India (18,000 attendees)3.) DistribuTech - San Antonio, TX (12,000 attendees)
Continued the Certification Program / LCTT Tool upgrades available to all members.
Held member meeting in Amsterdam, Netherlands (187 attendees)
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.6M | $2.0M |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $2.9M | $2.8M |
| LiabilitiesLn 26 | $1.5M | $1.5M |
| Net assetsLn 32 | $1.4M | $1.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| 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 | $0 | |||
| 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 | $822K | |||
| Legal feesLn 11b | $154K | |||
| Accounting feesLn 11c | $17K | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $1.3M | |||
| Advertising and promotionLn 12 | $177K | |||
| Office expensesLn 13 | $49K | |||
| Information technologyLn 14 | $146K | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $78K | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $501K | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $21K | |||
| InsuranceLn 23 | $8K | |||
| Other expenses (24a–d)Ln 24 | $53K | |||
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $3.3M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $3.6M | $3.4M | $178K | $287K | 990 PDF |
| FY2023 | $3.6M | $3.9M | −$334K | $109K | 990 PDF |
| FY2022 | $4.0M | $4.8M | −$720K | $443K | 990 PDF |
| FY2021 | $3.3M | $3.3M | −$26K | $1.2M | 990 PDF |
| FY2020 Viewing | $3.2M | $3.3M | −$173K | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $3,171,479 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, 1 to look at
Part VIII · Statement of revenue $3,171,479 across 9 lines filed
Part IX · Statement of functional expenses $3,344,773 across 31 lines filed
Part X · Balance sheet $2,759,457 assets, 19 lines filed
Part XI · Reconciliation of net assets $1,218,898 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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