Universal Flash Storage Assn INC: FY2021 Nonprofit Profile & Form 990 (EIN 58-2685391)

Revenue by fiscal year
FY2020	$10K
FY2021	$320
FY2022	$4K
FY2023	$1K
FY2024	$934

Expenses by fiscal year
FY2020	$64K
FY2021	$46K
FY2022	Not on file
FY2023	Not on file
FY2024	Not on file

Net assets by fiscal year
FY2020	$258K
FY2021	$213K
FY2022	$176K
FY2023	$115K
FY2024	$69K

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

5 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

Xin Liu

Director

$0Pt VII · Sec A

Mian Quddus

Chairman of

$0Pt VII · Sec A

Lisa Rhoden

President/Se

$0Pt VII · Sec A

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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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1 program · in their own filed words · FY2021

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 FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$320

Ln 12

Investment incomeLn 3$320

Money outPt IX

$46K

Ln 25

Owns and owesPt X

$213K

net assets · Ln 32

Cash and savingsLn 1–2$213K

Total assetsLn 16$213K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$320

Total revenueLn 12$320

Assets in detailPt X, end of year

CashLn 1$8K

SavingsLn 2$205K

Cash and savings togetherLn 1–2$213K

Total assetsLn 16$213K

LiabilitiesLn 26$0

Net assetsLn 32$213K

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$251K	$213K
Total assetsLn 16	$258K	$213K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$258K	$213K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$37K
Accounting feesLn 11c	$200
Advertising and promotionLn 12	$558
Office expensesLn 13	$2K
Conferences, conventions and meetingsLn 19	$173
Other expenses (24a–d)Ln 24	$6K
Total functional expensesLn 25	$46K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$934			$69K	990 PDF
FY2023	$1K			$115K	990 PDF
FY2022	$4K			$176K	990 PDF
FY2021 Viewing	$320	$46K	−$45K	$213K	990 PDF
FY2020	$10K	$64K	−$54K	$258K	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 FY2021 990 (6 parts)

Part I · Summary $320 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $9,625$0

I-10 Investment incomePrior year $440$320

I-11 Other revenue$0

I-12 Total revenuePrior year $10,065$320

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 $63,699$45,504

I-18 Total expensesPrior year $63,699$45,504

I-19 Revenue less expensesPrior year −$53,634−$45,184

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $320 across 2 lines filed

VIII-3 Investment incomeRelated to mission $320$320

VIII-12 Total revenueRelated to mission $320$320

Part IX · Statement of functional expenses $45,504 across 6 lines filed

IX-11a Management fees$36,745

IX-11c Accounting fees$200

IX-12 Advertising and promotion$558

IX-13 Office expenses$1,995

IX-19 Conferences, conventions and meetings$173

IX-24 Other expenses (24a–d)$5,833

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$45,504

Part X · Balance sheet $212,701 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $37,040$8,100

X-2 Savings and temporary cash investmentsStart of year $214,282$204,601

X-16 Total assetsStart of year $257,886$212,701

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $257,886$212,701

X-32 Total net assets or fund balancesStart of year $257,886$212,701

X-33 Total liabilities and net assetsStart of year $257,886$212,701

Part XI · Reconciliation of net assets $212,701 net assets at year end

XI-1 Total revenue$320

XI-2 Total expenses$45,504

XI-3 Revenue less expenses−$45,184

XI-4 Net assets at start of year$257,886

XI-9 Other changes in net assets−$1

XI-10 Net assets at end of year$212,701

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Universal Flash Storage Assn INC FY2021 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Universal Flash Storage Assn INC

By the numbers

Filing history

Schedules filed Part IV