Video Electronics Standards Association FY2020 filing

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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, FY2020. 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.
85¢ of each $1 spent went to programs.
$232K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$232K
to officers and key staff · 12% of spending
Pay to officers and key staff is 12% of spending.
Part VII, Section A
2.9 mo
of spending, in cash
Plus $4.5M in investments, Pt X · Ln 11–13
2.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
25% of total assets
Liabilities are 25% 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
$2.9M
Spent
$2.0M
To programs
85%
Net assets
$3.8M
By yearFY2020–FY2024
Revenue
$2.9M
FY2020
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
$2.0M
FY2020
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
$3.8M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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 ruling in Apr 1990.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.7M Management & general 15% · $292K

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

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Who runs it and what they're paid

8 people listed on the 990; $232K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$232,000Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Vice-Chairman
$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
Board Member
$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.

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1 program · $1.7M · in their own filed words · FY2020
01

Development and enhancement of improved computer graphics standards through meetings and conferences among members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0212238) · Dispute this line
$1.7Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.3M
Other incomeLn 4–11$570K
Investment incomeLn 3$90K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.7M
Managementcol C$292K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$479K
Total assetsLn 16$5.1M
LiabilitiesLn 26$1.3M
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$2.3M
Investment incomeLn 3$90K
Other incomeLn 4–11$570K
Gains on assetsLn 7$570K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$365K
SavingsLn 2$114K
Cash and savings togetherLn 1–2$479K
Accounts receivableLn 4$1K
Prepaid expenses and deferred chargesLn 9$63K
Land, buildings, equipmentLn 10c$24K
InvestmentsLn 11–13$4.5M
Other assetsLn 15$5K
Total assetsLn 16$5.1M
LiabilitiesLn 26$1.3M
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 52
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$205K$479K
InvestmentsLn 11–13$3.7M$4.5M
Land, buildings, equipmentLn 10c$37K$24K
Total assetsLn 16$4.3M$5.1M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$3.0M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$238K$178K$59K
Other salaries and wagesLn 7$47K$47K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$17K$13K$4K
Legal feesLn 11b$85K$85K
Accounting feesLn 11c$36K$36K
Investment management feesLn 11f$36K$36K
Other fees for servicesLn 11g$594K$594K
Advertising and promotionLn 12$190K$190K
Office expensesLn 13$42K$42K
Information technologyLn 14$47K$47K
OccupancyLn 16$66K$66K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$539K$516K$24K
Total functional expensesLn 25$2.0M$1.7M$292K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990
Part I · Summary $2,932,030 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,225,232$2,272,202
I-9 Program service revenuePrior year $41,337$0
I-10 Investment incomePrior year $88,027$659,828
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,354,596$2,932,030
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 $427,365$308,020
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,130,485$1,661,086
I-18 Total expensesPrior year $2,557,850$1,969,106
I-19 Revenue less expensesPrior year −$203,254$962,924
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
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 $2,932,030 across 5 lines filed
VIII-1b Membership dues$2,272,202
VIII-1h Total contributions, gifts and grants$2,272,202
VIII-3 Investment incomeExcluded from tax $89,894$89,894
VIII-7 Net gain or loss on sales of assetsRelated to mission $569,934$569,934
VIII-12 Total revenueRelated to mission $569,934 · Unrelated business $0 · Excluded from tax $89,894$2,932,030
Part IX · Statement of functional expenses $1,969,106 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $178,331 · Management $59,444$237,775
IX-7 Other salaries and wagesPrograms $47,492$47,492
IX-9 Other employee benefitsPrograms $5,817$5,817
IX-10 Payroll taxesPrograms $13,421 · Management $3,515$16,936
IX-11b Legal feesPrograms $85,479$85,479
IX-11c Accounting feesManagement $35,589$35,589
IX-11f Investment management feesManagement $36,260$36,260
IX-11g Other fees for servicesPrograms $594,319$594,319
IX-12 Advertising and promotionPrograms $190,183$190,183
IX-13 Office expensesManagement $41,758$41,758
IX-14 Information technologyPrograms $46,667$46,667
IX-16 OccupancyManagement $66,007$66,007
IX-22 Depreciation, depletion and amortizationManagement $12,838$12,838
IX-23 InsuranceManagement $12,709$12,709
IX-24 Other expenses (24a–d)Programs $515,572 · Management $23,705$539,277
IX-25 Total functional expensesPrograms $1,677,281 · Management $291,825 · Fundraising $0$1,969,106
Part X · Balance sheet $5,061,632 assets, 15 lines filed
X-1 Cash, non-interest-bearing$365,425
X-2 Savings and temporary cash investmentsStart of year $204,528$113,779
X-4 Accounts receivableStart of year $660$1,410
X-9 Prepaid expenses and deferred chargesStart of year $437,729$62,922
X-10c Land, buildings and equipment, netStart of year $36,567$23,729
X-11 Publicly traded securitiesStart of year $3,651,564$4,488,940
X-15 Other assetsStart of year $5,427$5,427
X-16 Total assetsStart of year $4,336,475$5,061,632
X-17 Accounts payable and accrued expensesStart of year $180,996$101,443
X-19 Deferred revenueStart of year $1,043,035$1,045,833
X-25 Other liabilitiesStart of year $125,002$140,000
X-26 Total liabilitiesStart of year $1,349,033$1,287,276
X-27 Net assets without donor restrictionsStart of year $2,987,442$3,774,356
X-32 Total net assets or fund balancesStart of year $2,987,442$3,774,356
X-33 Total liabilities and net assetsStart of year $4,336,475$5,061,632
Part XI · Reconciliation of net assets $3,774,356 net assets at year end
XI-1 Total revenue$2,932,030
XI-2 Total expenses$1,969,106
XI-3 Revenue less expenses$962,924
XI-4 Net assets at start of year$2,987,442
XI-5 Net unrealized gains (losses) on investments−$176,006
XI-9 Other changes in net assets−$4
XI-10 Net assets at end of year$3,774,356

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

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