Soi Industry Consortium INC FY2020 filing

Newton, MAUnknown exempt organization EIN 83-0489833Revenue $405K in FY2020

On file with the IRSsoiconsortium.org1150 Walnut Street 2nd Flr · Newton, MA

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Accelerating silicon-on-insulator (Soi) innovation into broader markets.

$193K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Pay to officers and key staff
$193K
to officers and key staff · 44% of spending
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$90K
140% of total assets
Concern: liabilities are 140% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 13 voting members
Looks good: 11 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$405K
Spent
$443K
Net assets
−$26K
By yearFY2020–FY2021
Revenue
$405K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$405K
FY2021$122K
Net assets
−$26K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$26K
FY2021$0

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 (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Who runs it and what they're paid

13 people listed on the 990; $193K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Treasurer/Exec.dir
$135,200Pt VII · Sec A
Clerk/Co-Executive Director
$57,600Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Carlos Mazure$60,000$135,200
Jon Cheek—$57,600

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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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

Drives innovation in Silicon-on-Insulator technology for wider market adoption.

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1 program · in their own filed words · FY2020
01

The soi industry consortium promotes the growth and develoment of the soi industry throughout the value chain by providing a platform for information dissemination, communication, and collaborative innovation.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$405K
Ln 12
Fees for servicesLn 2g$380K
Gifts and grantsLn 1h$25K
Money outPt IX
$443K
Ln 25
Owns and owesPt X
−$26K
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$64K
LiabilitiesLn 26$90K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Fees for servicesLn 2g$380K
Total revenueLn 12$405K
Assets in detailPt X, end of year
CashLn 1$64K
Cash and savings togetherLn 1–2$64K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$64K
LiabilitiesLn 26$90K
Net assetsLn 32−$26K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$42K$64K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$54K$64K
LiabilitiesLn 26$42K$90K
Net assetsLn 32$12K−$26K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$283K
Other salaries and wagesLn 7$20K
Legal feesLn 11b$3K
Accounting feesLn 11c$9K
Other fees for servicesLn 11g$6K
Advertising and promotionLn 12$54K
Office expensesLn 13$6K
TravelLn 17$19K
Conferences, conventions and meetingsLn 19$905
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$39K
Total functional expensesLn 25$443K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $122K$0 990 PDF
FY2020 Viewing $405K$443K−$38K−$26K 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 FY2020 990 (6 parts)
Part I · Summary $405,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $76,725$25,000
I-9 Program service revenuePrior year $340,000$380,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $416,725$405,000
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 $40,000$302,800
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $491,160$140,159
I-18 Total expensesPrior year $531,160$442,959
I-19 Revenue less expensesPrior year −$114,435−$37,959
Part VI · Governance 11 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members11
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $405,000 across 4 lines filed
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$25,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $380,000$380,000
VIII-12 Total revenueRelated to mission $380,000 · Unrelated business $0 · Excluded from tax $0$405,000
Part IX · Statement of functional expenses $442,959 across 11 lines filed
IX-5 Pay of current officers, directors and key staff$282,800
IX-7 Other salaries and wages$20,000
IX-11b Legal fees$3,120
IX-11c Accounting fees$9,435
IX-11g Other fees for services$6,040
IX-12 Advertising and promotion$54,130
IX-13 Office expenses$6,303
IX-17 Travel$18,703
IX-19 Conferences, conventions and meetings$905
IX-23 Insurance$2,958
IX-24 Other expenses (24a–d)$38,565
IX-25 Total functional expenses$442,959
Part X · Balance sheet $64,285 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $41,745$64,285
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $53,858$64,285
X-17 Accounts payable and accrued expensesStart of year $36,614$90,000
X-26 Total liabilitiesStart of year $41,614$90,000
X-32 Total net assets or fund balancesStart of year $12,244−$25,715
X-33 Total liabilities and net assetsStart of year $53,858$64,285
Part XI · Reconciliation of net assets −$25,715 net assets at year end
XI-1 Total revenue$405,000
XI-2 Total expenses$442,959
XI-3 Revenue less expenses−$37,959
XI-4 Net assets at start of year$12,244
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$25,715

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

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