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Trusted Computing Group

Not tax-deductible

Beaverton, OR501(c)(6)Community Development EIN 51-0447137Revenue $1.4M in FY2024Latest return filed Aug 11, 2025

On file with the IRStrustedcomputinggroup.org3855 Sw 153rd Dr, 97003-5105 · Beaverton, ORTax-exempt since Nov 2012

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Organization's purposes are for the development, definition and promotion of hardware-enabled Trusted Computing and security technology, including related hardware and related software components, across multiple platforms, peripherals and devices. This will be accomplished by defining the technical requirements or hardware-enabled Trusted Computing and security technology through developed specifications, producing and enforcing product certification criteria, and executing marketing programs, as appropriate.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
4 of 5
filings with a surplus
Average surplus $69K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+4% vs prior year
Spent
$1.5M
To programs
0%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$1.4M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.2M
FY2023$1.3M
FY2024$1.4M
Expenses
$1.5M
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$948K
FY2022$1.1M
FY2023$1.3M
FY2024$1.5M
Net assets
$2.0M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$2.1M
FY2023$2.2M
FY2024$2.0M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2012.

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

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Joe Pennisi
President
$0Pt VII · Sec A
Rick Martinez
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dong Wei
Director
$0Pt VII · Sec A
Ned Smith
Director
$0Pt VII · Sec A
Jon Felten
Director
$0Pt VII · Sec A
See Trusted Computing Group executive salaries →

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 and promotes hardware-enabled trusted computing and security technology.

Questions for Trusted Computing Group

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Your first name shows with your question. Trusted Computing Group answers here, for everyone.

3 programs · in their own filed words · FY2024
01

TCG runs marketing events that assist member companies in communicating TCG specifications and achievements. The program encourages TCG members to take part in promotional activities and tradeshows.

Pt IX · col B
02

TCG hosts members meetings each year. These meetings allow for members to meet face-to-face to discuss TCG business and participate in TCG specification development.

Pt IX · col B
03

Security and interoperability (certification).

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$112K
Money outPt IX
$1.5M
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$112K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$806K
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$3.0M
Prepaid expenses and deferred chargesLn 9$32K
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.2M$3.0M
Total assetsLn 16$3.3M$3.1M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$2.2M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$473K
Legal feesLn 11b$4K
Accounting feesLn 11c$6K
Advertising and promotionLn 12$170K
Office expensesLn 13$6K
Information technologyLn 14$40K
Conferences, conventions and meetingsLn 19$573K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$265K
Total functional expensesLn 25$1.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Aug 11, 2025 $1.4M$1.5M−$162K$2.0M 990 PDF
FY2023Filed with the IRS Nov 6, 2024 $1.3M$1.3M$48K$2.2M 990 PDF
FY2022Filed with the IRS Aug 2, 2023 $1.2M$1.1M$183K$2.1M 990 PDF
FY2021Filed with the IRS May 2, 2022 $1.2M$948K$259K$1.9M 990 PDF
FY2020Filed with the IRS Sep 21, 2021 $1.1M$1.1M$16K$1.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,382,489 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,230,625$1,270,250
I-10 Investment incomePrior year $97,350$112,239
I-11 Other revenuePrior year $743$0
I-12 Total revenuePrior year $1,328,718$1,382,489
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,280,621$1,544,579
I-18 Total expensesPrior year $1,280,621$1,544,579
I-19 Revenue less expensesPrior year $48,097−$162,090
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,382,489 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,270,250$1,270,250
VIII-3 Investment incomeExcluded from tax $112,239$112,239
VIII-12 Total revenueRelated to mission $1,270,250 · Excluded from tax $112,239$1,382,489
Part IX · Statement of functional expenses $1,544,579 across 9 lines filed
IX-11a Management fees$472,752
IX-11b Legal fees$4,012
IX-11c Accounting fees$6,114
IX-12 Advertising and promotion$170,228
IX-13 Office expenses$6,443
IX-14 Information technology$40,110
IX-19 Conferences, conventions and meetings$573,048
IX-23 Insurance$6,424
IX-24 Other expenses (24a–d)$265,448
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,544,579
Part X · Balance sheet $3,061,102 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $974,278$805,540
X-2 Savings and temporary cash investmentsStart of year $2,235,697$2,223,116
X-9 Prepaid expenses and deferred chargesStart of year $74,505$32,446
X-16 Total assetsStart of year $3,287,605$3,061,102
X-17 Accounts payable and accrued expensesStart of year $155,351$218,209
X-25 Other liabilitiesStart of year $963,650$836,200
X-26 Total liabilitiesStart of year $1,119,001$1,054,409
X-31 Retained earnings or endowmentStart of year $2,168,604$2,006,693
X-32 Total net assets or fund balancesStart of year $2,168,604$2,006,693
X-33 Total liabilities and net assetsStart of year $3,287,605$3,061,102
Part XI · Reconciliation of net assets $2,006,693 net assets at year end
XI-1 Total revenue$1,382,489
XI-2 Total expenses$1,544,579
XI-3 Revenue less expenses−$162,090
XI-4 Net assets at start of year$2,168,604
XI-5 Net unrealized gains (losses) on investments$179
XI-10 Net assets at end of year$2,006,693

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

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