Magento Association FY2021 filing

Springfield, ILUnknown exempt organizationSince 2018EIN 83-3554159

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Advance and empower the global Magento community and commerce ecosystem through open collaboration, education, and thought leadership.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $21K a year · 7% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$466K
Spent
$373K
Net assets
$264K
By yearFY2021–FY2025
Revenue
$466K
FY2021
Revenue by fiscal year
FY2021$466K
FY2022$382K
FY2023$151K
FY2024$213K
FY2025$185K
Expenses
$373K
FY2021
Expenses by fiscal year
FY2021$373K
FY2022$441K
FY2023$176K
FY2024$238K
FY2025$273K
Net assets
$264K
FY2021
Net assets by fiscal year
FY2021$264K
FY2022$206K
FY2023$183K
FY2024$165K
FY2025$77K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director (smithb
$0Pt VII · Sec A
See Magento Association executive salaries →

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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

Empowers the global Magento commerce community through collaboration, education, and leadership.

Provided by the organization

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2 programs · in their own filed words · FY2021
01

Sponsor commerce co-op as the content source for e-commerce ecosystem evangelists.

Pt IX · col B
02

Bring the magento e-commerce community together through its ma connect events.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$466K
Ln 12
Fees for servicesLn 2g$466K
Money outPt IX
$373K
Ln 25
Owns and owesPt X
$264K
net assets · Ln 32
Cash and savingsLn 1–2$244K
Total assetsLn 16$292K
LiabilitiesLn 26$28K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$466K
Total revenueLn 12$466K
Assets in detailPt X, end of year
CashLn 1$244K
Cash and savings togetherLn 1–2$244K
Total assetsLn 16$292K
LiabilitiesLn 26$28K
Net assetsLn 32$264K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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
LineStart FY21End FY21
Cash and savingsLn 1–2$310K$244K
Total assetsLn 16$368K$292K
LiabilitiesLn 26$196K$28K
Net assetsLn 32$172K$264K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$336K
Legal feesLn 11b$123
Accounting feesLn 11c$6K
Other fees for servicesLn 11g$11K
Information technologyLn 14$15K
InsuranceLn 23$3K
All other expensesLn 24e$3K
Total functional expensesLn 25$373K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $185K$273K−$88K$77K 990 PDF
FY2024 $213K$238K−$25K$165K 990 PDF
FY2023 $151K$176K−$25K$183K 990 PDF
FY2022 $382K$441K−$58K$206K 990 PDF
FY2021 Viewing $466K$373K$92K$264K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $465,578 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $465,578$465,578
VIII-12 Total revenueRelated to mission $465,578 · Unrelated business $0 · Excluded from tax $0$465,578
Part IX · Statement of functional expenses $373,312 across 7 lines filed
IX-11a Management fees$335,937
IX-11b Legal fees$123
IX-11c Accounting fees$5,500
IX-11g Other fees for services$10,590
IX-14 Information technology$14,894
IX-23 Insurance$2,871
IX-24e All other expenses$3,397
IX-25 Total functional expenses$373,312
Part X · Balance sheet $291,699 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $309,960$244,057
X-9 Prepaid expenses and deferred chargesStart of year $54,558$47,642
X-16 Total assetsStart of year $367,518$291,699
X-17 Accounts payable and accrued expensesStart of year $36,211$15,209
X-19 Deferred revenueStart of year $159,583$12,500
X-26 Total liabilitiesStart of year $195,794$27,709
X-27 Net assets without donor restrictionsStart of year $171,724$263,990
X-32 Total net assets or fund balancesStart of year $171,724$263,990
X-33 Total liabilities and net assetsStart of year $367,518$291,699
Part XI · Reconciliation of net assets $263,990 net assets at year end
XI-1 Total revenue$465,578
XI-2 Total expenses$373,312
XI-3 Revenue less expenses$92,266
XI-4 Net assets at start of year$171,724
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$263,990

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

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