Telecom Infra Project INC EIN 81-1395224 Form 990 (PDF) Claim this org

Telecom Infra Project INC

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Develops and deploys new telecom technologies and business models through industry collaboration. For fiscal year 2024 it reported $5.5M in revenue, $12.7M in expenses, and $4.3M in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Wakefield, MA
Website
telecominfraproject.com
Filings
5 on file (2020–2024)
Revenue
$5.5MFY2024
Expenses
$12.7M
Net assets
$4.3M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-1395224 Business league / trade association Wakefield, MA
Form 990 (PDF)
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Figures match the IRS filing checked 8/22/26 · see original: IRS
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Size
$1–10M
What they do
Develops and deploys new telecom technologies and business models through industry collaboration.
Leadership
Kristian Toivo · Executive Director · $368K
Money in and out
$5.5M revenue, $12.7M expenses
Bottom line
-132% operating surplus
Membership & operating revenue · FY2024
Total revenue
$5.5M
Pt VIII · Ln 12
Total expenses
$12.7M
Pt IX · Ln 25
Net assets
$4.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7.3M
Operating surplus
-132%
revenue over expenses▲ +21% vs prior filing year
Earned revenue
73%
of revenue from program services & dues▲ +26% vs prior filing year
Payroll share
20%
of spending is salaries & benefits▲ +15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$5.5M
FY2024▼ -9%
Expenses
$12.7M
FY2024▼ -21%
Total assets
$5.5M
FY2024▼ -58%
Total liabilities
$1.2M
FY2024▼ -16%
Total revenue
$5.5M
Pt VIII · Ln 12
Total expenses
$12.7M
Pt IX · Ln 25
Net assets
$4.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7.3M
Total assetsPt X · Ln 16$5.5M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Fyuz is the industry's only open and disaggregated event, where the future of connectivity comes to take root, grow and flourish. Fyuz 2024 welcomed over 1200 attendees from 47 countries representing mobile operators and other service providers, vendors, systems integrators, regulators, investors, consultants, analysts, business and…

Pt IX · col B
02

The tip member community is a unique collaboration of organizations including operators, suppliers, developers, integrators, and startups from around the world. Tip members have an unprecedented opportunity to contribute to cutting-edge solutions, network with fellow industry experts, and help shape the future of the telecom industry.

Pt IX · col B
03

Tip takes early proofs of concept, products, and solutions into tip labs and testing environments to drive their validation and enable their commercial deployment. Through tip community labs, participants collaborate to produce and validate project group solutions, lab test plans, and exit reports.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTelecom Infra Project INC
EINHdr · item D81-1395224
Principal addressHdr · item CWakefield, MA
WebsiteHdr · item Jtelecominfraproject.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFMar 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$368,000Pt VII · Sec A
Global Head of Engagement
$218,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (until 2/2024)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (until 7/2024)
$0Pt VII · Sec A
Chairman/President (until 9/2024)
$0Pt VII · Sec A

Kristian Toivo’s $368K as Executive Director is at the 92nd percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Attillio Zani$822,293$540,529
Kristian Toivo$368,000$337,500$197,405
Dave Hutton$198,549$306,383$102,333
Vishal Mathus$188,075$288,928
Vishal Mathur$218,000$200,000$126,820
Eugina Jordan$200,000

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.

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Statement of Revenue

Part VIII
Program service revenue$4.0M · 73%
Contributions & grants$1.1M · 20%
Investment income$358K · 7%
Other revenue$51K · 1%
Program service revenue73%$4.0M
Contributions & grants20%$1.1M
Investment income7%$358K
Other revenue1%$51K
— government grantsLn 1e$1.1M
Total revenueLn 12$5.5M

Balance Sheet

Part X · end of year
CashLn 1$4.9M
Total assetsLn 16$5.5M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$4.3M
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.9M · Operating expenses/yr $12.7M
4.6 months
Where the money goes
Program services
Program services — · Total expenses $12.7M
Management & General
Management & general — · Total expenses $12.7M
Fundraising
Fundraising — · Total expenses $12.7M
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $5.5M
20%
Government reliance
Government grants $1.1M · Total revenue $5.5M
20%
Earned-income share
Program service revenue $4.0M · Total revenue $5.5M
73%
Investment reliance
Investment income $358K · Total revenue $5.5M
+7%
Program self-sufficiency
Program service revenue $4.0M · Total expenses $12.7M
31%
Growth & trend
Revenue growth (YoY)
This year $5.5M · Prior year $6.0M
-9%
Revenue CAGR
FY2020 $23.5M · FY2024 $5.5M
-31%
Net-asset trend (YoY)
End of year $4.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.5M · Expenses $12.7M
-132%
Liabilities-to-Assets
Total liabilities — · Total assets $5.5M
Net-asset ratio
Net assets $4.3M · Total assets $5.5M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristian Toivo · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $368K · Total expenses $12.7M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.6M · Total expenses $12.7M
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth -9%
Legal fee ratio 2%
Accounting fee ratio 0.02%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$5.5M revenue · viewing · ⤓ 990 PDF
FY2023$6.0M revenue · ⤓ 990 PDF
FY2022$23.0M revenue · ⤓ 990 PDF
FY2021$19.9M revenue · ⤓ 990 PDF
FY2020$23.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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