Video Electronics Standards Association

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Vesa's (Video electronic Standards Association) mission is to develop, promote and support an ecosystem of vendors and certified, interoperable products for the Electronics industry.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0212238) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
82¢ of each $1 spent went to programs.
Run by 30 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $849K a year · 29% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$300K
to officers and key staff · 13% of spending
Pay to officers and key staff is 13% of spending.
Part VII, Section A
0.9 mo
of spending, in cash
Plus $7.2M in investments, Pt X · Ln 11–13
0.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
22% of total assets
Liabilities are 22% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.7M
+34% vs prior year
Spent
$2.4M
To programs
82%
Net assets
$6.2M
By yearFY2020–FY2024
Revenue
$3.7M
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$2.7M
FY2022$2.5M
FY2023$2.7M
FY2024$3.7M
Expenses
$2.4M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$1.6M
FY2022$2.1M
FY2023$2.2M
FY2024$2.4M
Net assets
$6.2M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$5.1M
FY2022$4.6M
FY2023$5.5M
FY2024$6.2M

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1990.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2.0M Management & general 18% · $418K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990; $300K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$300,000Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William Lempesis$300,000$300,000$232,000$232,000$232,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Video Electronics Standards Association 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 15aYes

Programs and updates

Develops and promotes standards for interoperable electronics products.

Questions for Video Electronics Standards Association

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Your first name shows with your question. Video Electronics Standards Association answers here, for everyone.

1 program · $2.0M · in their own filed words · FY2024
01

Development and enhancement of improved computer graphics standards through meetings and conferences among members. Vesa holds 2-3 compliance workshops each year to provide members with the latest updates to the vesa standards and specifications, as well as the vesa compliance program and requirements, vesa holds 2 plugtest events each…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0212238) · Dispute this line
$2.0Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$2.5M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$16K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.0M
Managementcol C$418K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$183K
Total assetsLn 16$8.0M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$16K
Gains on assetsLn 7$908K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$183K
SavingsLn 2$60
Cash and savings togetherLn 1–2$183K
Accounts receivableLn 4$880
Prepaid expenses and deferred chargesLn 9$138K
Land, buildings, equipmentLn 10c$127K
InvestmentsLn 11–13$7.2M
Intangible assetsLn 14$83K
Other assetsLn 15$207K
Total assetsLn 16$8.0M
LiabilitiesLn 26$1.7M
Net assetsLn 32$6.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 630
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 FY24End FY24
Cash and savingsLn 1–2$1.8M$183K
InvestmentsLn 11–13$5.1M$7.2M
Land, buildings, equipmentLn 10c$122K$127K
Total assetsLn 16$7.2M$8.0M
LiabilitiesLn 26$1.6M$1.7M
Net assetsLn 32$5.5M$6.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$300K$225K$75K
Other salaries and wagesLn 7$43K$43K
Other employee benefitsLn 9$12K$9K$3K
Payroll taxesLn 10$20K$15K$4K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$50K$50K
Investment management feesLn 11f$53K$53K
Other fees for servicesLn 11g$865K$794K$72K
Advertising and promotionLn 12$230K$230K
Office expensesLn 13$38K$38K
Information technologyLn 14$47K$47K
OccupancyLn 16$77K$77K
Depreciation, depletion and amortizationLn 22$62K$48K$14K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$546K$537K$9K
Total functional expensesLn 25$2.4M$2.0M$418K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 11, 2025 $3.7M$2.4M$1.3M$6.2M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $2.7M$2.2M$492K$5.5M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $2.5M$2.1M$387K$4.6M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $2.7M$1.6M$1.1M$5.1M 990 PDF
FY2020Filed with the IRS Nov 13, 2021 $2.9M$2.0M$963K$3.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $3,671,753 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,547,500$2,535,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $175,653$1,121,003
I-11 Other revenuePrior year $10,719$15,750
I-12 Total revenuePrior year $2,733,872$3,671,753
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $390,281$374,737
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,851,508$1,998,581
I-18 Total expensesPrior year $2,241,789$2,373,318
I-19 Revenue less expensesPrior year $492,083$1,298,435
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $3,671,753 across 6 lines filed
VIII-1b Membership dues$2,535,000
VIII-1h Total contributions, gifts and grants$2,535,000
VIII-3 Investment incomeExcluded from tax $213,293$213,293
VIII-5 RoyaltiesExcluded from tax $15,750$15,750
VIII-7 Net gain or loss on sales of assetsExcluded from tax $907,710$907,710
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,136,753$3,671,753
Part IX · Statement of functional expenses $2,373,318 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $225,000 · Management $75,000$300,000
IX-7 Other salaries and wagesPrograms $43,159$43,159
IX-9 Other employee benefitsPrograms $9,438 · Management $2,640$12,078
IX-10 Payroll taxesPrograms $15,238 · Management $4,262$19,500
IX-11b Legal feesPrograms $6,309$6,309
IX-11c Accounting feesManagement $50,500$50,500
IX-11f Investment management feesManagement $52,861$52,861
IX-11g Other fees for servicesPrograms $793,746 · Management $71,520$865,266
IX-12 Advertising and promotionPrograms $229,823$229,823
IX-13 Office expensesManagement $38,331$38,331
IX-14 Information technologyPrograms $47,438$47,438
IX-16 OccupancyManagement $77,074$77,074
IX-22 Depreciation, depletion and amortizationPrograms $48,464 · Management $13,555$62,019
IX-23 InsuranceManagement $22,941$22,941
IX-24 Other expenses (24a–d)Programs $536,874 · Management $9,145$546,019
IX-25 Total functional expensesPrograms $1,955,489 · Management $417,829 · Fundraising $0$2,373,318
Part X · Balance sheet $7,967,659 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $710,237$183,089
X-2 Savings and temporary cash investmentsStart of year $1,076,608$60
X-4 Accounts receivable$880
X-9 Prepaid expenses and deferred chargesStart of year $72,684$137,512
X-10c Land, buildings and equipment, netStart of year $121,711$127,084
X-11 Publicly traded securitiesStart of year $5,116,403$7,228,712
X-14 Intangible assets$83,326
X-15 Other assetsStart of year $80,011$206,996
X-16 Total assetsStart of year $7,177,654$7,967,659
X-17 Accounts payable and accrued expensesStart of year $204,885$290,358
X-19 Deferred revenueStart of year $1,174,448$1,251,198
X-25 Other liabilitiesStart of year $263,831$205,643
X-26 Total liabilitiesStart of year $1,643,164$1,747,199
X-27 Net assets without donor restrictionsStart of year $5,534,490$6,220,460
X-32 Total net assets or fund balancesStart of year $5,534,490$6,220,460
X-33 Total liabilities and net assetsStart of year $7,177,654$7,967,659
Part XI · Reconciliation of net assets $6,220,460 net assets at year end
XI-1 Total revenue$3,671,753
XI-2 Total expenses$2,373,318
XI-3 Revenue less expenses$1,298,435
XI-4 Net assets at start of year$5,534,490
XI-5 Net unrealized gains (losses) on investments−$612,457
XI-9 Other changes in net assets−$8
XI-10 Net assets at end of year$6,220,460

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

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