Mining Interoperable & Open Systems EIN 86-3841904 Form 990 (PDF) Claim this org

Mining Interoperable & Open Systems FY2022 filing

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Improves mining through automation and other advancements. For fiscal year 2022 it reported $317K in revenue, $326K in expenses, and $74K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Lisle, IL
Filings
4 on file (2021–2022)
Revenue
$317KFY2022
Expenses
$326K
Net assets
$74K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-3841904 Unknown exempt organization Lisle, IL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Improves mining through automation and other advancements.
Leadership
Peter Bryant · President
Money in and out
$317K revenue, $326K expenses
Bottom line
-3% surplus margin
Reported financial activity · FY2022
Total revenue
$317K
Pt VIII · Ln 12
Total expenses
$326K
Pt IX · Ln 25
Net assets
$74K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8K
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$317K
FY2022▲ +112%
Expenses
$326K
FY2022
Total assets
$74K
FY2022
Total liabilities
$0
FY2022
Total revenue
$317K
Pt VIII · Ln 12
Total expenses
$326K
Pt IX · Ln 25
Net assets
$74K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$8K
Total assetsPt X · Ln 16$74K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMining Interoperable & Open Systems
EINHdr · item D86-3841904
Principal addressHdr · item CLisle, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

The consortium will pursue a standard for collaboration between companies in the mining industry where providers and manufacturers have not enabled data access and interoperable solutions.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$317K
Total revenueLn 12$317K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$74K
Total liabilitiesLn 26$0
Total net assetsLn 32$74K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $74K · Operating expenses/yr $326K
2.7 months
Where the money goes
Program services
Program services $0 · Total expenses $326K
not reported
Management & General
Management & general $0 · Total expenses $326K
not reported
Fundraising
Fundraising $0 · Total expenses $326K
not reported
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $317K
0%
Government reliance
Government grants — · Total revenue $317K
Earned-income share
Program service revenue $317K · Total revenue $317K
100%
Investment reliance
Investment income $0 · Total revenue $317K
0%
Program self-sufficiency
Program service revenue $317K · Total expenses $326K
97%
Growth & trend
Revenue growth (YoY)
This year $317K · Prior year $150K
+112%
Net-asset trend (YoY)
End of year $74K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $317K · Expenses $326K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $74K
Net-asset ratio
Net assets $74K · Total assets $74K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $74K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Peter Bryant · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $326K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $326K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 0%
Revenue growth 112%
Legal fee ratio 0.8%
Accounting fee ratio 6%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $21K · 2024–2024

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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)$0 revenue · ⤓ 990 PDF
FY2023$0 revenue · ⤓ 990 PDF
FY2022$317K revenue · viewing · ⤓ 990 PDF
FY2021$150K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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