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Universal Flash Storage Assn INC FY2020 filing

Austin, TXUnknown exempt organizationEIN 58-2685391Revenue $10K in FY2020

On file with the IRSuniversalflash.org7111 Destiny Hills Dr · Austin, TX

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To coordinate and enable the industry around the open industry standard ufs specification developed in the jedec standards organization by the companies involved in the semiconductor memory industry.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 2
filings with a surplus
Average deficit $49K a year · 952% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
47 mo
of spending, in cash
Looks good: 47.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 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
$10K
Spent
$64K
To programs
0%
Net assets
$258K
By yearFY2020–FY2024
Revenue
$10K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10K
FY2021$320
FY2022$4K
FY2023$1K
FY2024$934
Expenses
$64K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$46K
FY2022Not on file
FY2023Not on file
FY2024Not on file
Net assets
$258K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$258K
FY2021$213K
FY2022$176K
FY2023$115K
FY2024$69K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Horace Chen
Director
$0Pt VII · Sec A
Nelson Duann
Director
$0Pt VII · Sec A
Perry Keller
Director
$0Pt VII · Sec A
Xin Liu
Director
$0Pt VII · Sec A
Mian Quddus
Chairman of
$0Pt VII · Sec A
Lisa Rhoden
President/Se
$0Pt VII · Sec A
See Universal Flash Storage Assn 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 15aNo

Programs and updates

Unites semiconductor companies to advance the UFS storage standard.

Questions for Universal Flash Storage Assn INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To coordinate and enable the industry around the open industry standard ufs specification developed in the jedec standards organization by the companies involved in the semiconductor memory industry.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$10K
Ln 12
Fees for servicesLn 2g$10K
Investment incomeLn 3$440
Money outPt IX
$64K
Ln 25
Owns and owesPt X
$258K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$258K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$10K
Investment incomeLn 3$440
Total revenueLn 12$10K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$214K
Cash and savings togetherLn 1–2$251K
Total assetsLn 16$258K
LiabilitiesLn 26$0
Net assetsLn 32$258K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$271K$251K
Total assetsLn 16$312K$258K
LiabilitiesLn 26$0$0
Net assetsLn 32$312K$258K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$52K
Accounting feesLn 11c$195
Advertising and promotionLn 12$9K
Office expensesLn 13$10
Conferences, conventions and meetingsLn 19$345
InterestLn 20$44
InsuranceLn 23$2K
Total functional expensesLn 25$64K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $934$69K 990 PDF
FY2023 $1K$115K 990 PDF
FY2022 $4K$176K 990 PDF
FY2021 $320$46K−$45K$213K 990 PDF
FY2020 Viewing $10K$64K−$54K$258K 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 FY2020 990 (6 parts)
Part I · Summary $10,065 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $39,604$9,625
I-10 Investment incomePrior year $1,342$440
I-11 Other revenue$0
I-12 Total revenuePrior year $40,946$10,065
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 $143,779$63,699
I-18 Total expensesPrior year $143,779$63,699
I-19 Revenue less expensesPrior year −$102,833−$53,634
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $10,065 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,625$9,625
VIII-3 Investment incomeRelated to mission $440$440
VIII-12 Total revenueRelated to mission $10,065$10,065
Part IX · Statement of functional expenses $63,699 across 7 lines filed
IX-11a Management fees$51,945
IX-11c Accounting fees$195
IX-12 Advertising and promotion$8,745
IX-13 Office expenses$10
IX-19 Conferences, conventions and meetings$345
IX-20 Interest$44
IX-23 Insurance$2,415
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$63,699
Part X · Balance sheet $257,886 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $7,115$37,040
X-2 Savings and temporary cash investmentsStart of year $263,842$214,282
X-4 Accounts receivableStart of year $40,564$6,564
X-16 Total assetsStart of year $311,521$257,886
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $311,521$257,886
X-32 Total net assets or fund balancesStart of year $311,521$257,886
X-33 Total liabilities and net assetsStart of year $311,521$257,886
Part XI · Reconciliation of net assets $257,886 net assets at year end
XI-1 Total revenue$10,065
XI-2 Total expenses$63,699
XI-3 Revenue less expenses−$53,634
XI-4 Net assets at start of year$311,521
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$257,886

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

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