Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $813,500

• 1d · Related organizations

  $35,000,404

• 1e · Government grants (contributions)

  $20,000

• 1f · All other contributions, gifts and grants

  $4,400,657

• 2a · Program service revenue: IETF CONFERENCE REVENUE

  total $2,915,842 · related or exempt $2,915,842

• 2b · Program service revenue: NDSS CONFERENCE REVENUE

  total $389,125 · related or exempt $389,125

• 2c · Program service revenue: DIGITAL SECURITY WORKSHOP REVENUE

  total $2,183 · related or exempt $2,183

• 3 · Investment income

  total $1,196,480 · excluded $1,196,480

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $24,160,413

• 7b · Less cost or other basis and sales expenses

  securities $24,242,945

• 7c · Gain or loss

  securities -$82,532

• 7d · Net gain or loss

  total -$82,532 · excluded -$82,532

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: OTHER REVENUE

  total $2,184 · excluded $2,184

• 11e · Other revenue, total

  $2,184

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $769,628 · program services $769,628

• 2 · Grants to domestic individuals

  total $35,977 · program services $35,977

• 3 · Grants to foreign organizations and individuals

  total $2,465,111 · program services $2,465,111

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $1,268,930 · program services $201,896 · management and general $1,067,034

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $15,589,098 · program services $10,266,935 · management and general $5,075,448 · fundraising $246,715

• 8 · Pension plan contributions

  total $1,799,461 · program services $1,264,572 · management and general $534,889

• 9 · Other employee benefits

  total $1,253,671 · program services $881,018 · management and general $372,653

• 10 · Payroll taxes

  total $1,505,348 · program services $1,057,884 · management and general $447,464

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $1,034,981 · program services $275,951 · management and general $759,030

• 11c · Fees: accounting

  total $330,180 · management and general $330,180

• 11d · Fees: lobbying

  total $64,264 · program services $64,264

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $137,735 · management and general $137,735

• 11g · Fees: other

  total $9,297,066 · program services $6,156,027 · management and general $3,051,815 · fundraising $89,224

• 12 · Advertising and promotion

  total $235,441 · program services $173,834 · management and general $61,607

• 13 · Office expenses

  total $339,283 · program services $142,186 · management and general $178,158 · fundraising $18,939

• 14 · Information technology

  total $2,066,413 · program services $1,523,068 · management and general $533,125 · fundraising $10,220

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $338,086 · program services $227,887 · management and general $110,199

• 17 · Travel

  total $1,766,512 · program services $1,585,083 · management and general $181,429

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $2,384,152 · program services $2,229,991 · management and general $154,161

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $265,626 · program services $265,626

• 22 · Depreciation, depletion and amortization

  total $407,588 · program services $356,105 · management and general $38,506 · fundraising $12,977

• 23 · Insurance

  total $374,400 · program services $41,940 · management and general $332,460

• 24a · Other expenses: BUSINESS TAXES INCLUDING VAT

  total $186,475 · program services $124,596 · management and general $61,879

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $174,073 · program services $23,285 · management and general $150,788

• 24c · Other expenses: EMPLOYEE TRAINING

  total $90,213 · program services $60,276 · management and general $29,937

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,855,895 · end of year $7,402,833

• 2 · Savings and temporary cash investments

  beginning of year $8,384,554 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $411,569 · end of year $1,351,172

• 4 · Accounts receivable

  beginning of year $323,472 · end of year $78,828

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,512,904 · end of year $2,137,845

• 10a · Land, buildings and equipment: cost or other basis

  $2,994,124

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,005,282

• 10c · Land, buildings and equipment, net

  beginning of year $615,311 · end of year $988,842

• 11 · Investments: publicly traded securities

  beginning of year $30,189,027 · end of year $34,587,261

• 12 · Investments: other securities

  beginning of year $10,011,963 · end of year $12,758,657

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $610,446 · end of year $1,644,648

• 17 · Accounts payable and accrued expenses

  beginning of year $4,111,571 · end of year $3,311,835

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $939,593 · end of year $1,175,702

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $766,254 · end of year $472,012

• 27 · Net assets without donor restrictions

  beginning of year $42,696,507 · end of year $46,408,942

• 28 · Net assets with donor restrictions

  beginning of year $7,401,216 · end of year $9,581,595

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 7:

2023 VARIABLE COMPENSATION AWARDS WERE DETERMINED BY THE CEO AND CFO, WITH INPUT FROM MANAGEMENT UNDER THE VARIABLE COMPENSATION PROGRAM. AT THE BEGINNING OF THE YEAR, THE CEO DETERMINES TARGET AWARDS (ALL TARGETS AND AWARDS ARE BASED ON A PERCENTAGE OF YEAR-END BASE COMPENSATION) FOR POSITIONS WITHIN THE ORGANIZATION. ALL FULL-TIME STAFF RECEIVED VARIABLE COMPENSATION TARGETS BETWEEN 4% AND 20% (THE CEO'S TARGET IS ESTABLISHED IN HIS EMPLOYMENT AGREEMENT). AT THE END OF THE YEAR, THE CEO, WITH INPUT FROM MANAGERS DETERMINES THE FINAL AWARDS. PERFORMANCE OF THE INTERNET SOCIETY AS A WHOLE AND OF THE INDIVIDUAL ARE THE BASIS FOR THESE AWARDS. THE CEO'S PERFORMANCE AND AWARD ARE DETERMINED BY THE BOARD OF TRUSTEES ACCORDING TO GOALS ESTABLISHED BY THE BOARD. FURTHER, THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE APPROVES VARIABLE COMPENSATION FOR DISQUALIFIED PERSONS.

SCHEDULE J, PART I, LINE 8:

INTERNET SOCIETY ENTERED INTO A CONTRACT WITH ITS CEO BEFORE HE STARTED WORK AND ASSUMED THAT POSITION. THIS CONTRACT QUALIFIED FOR THE INITIAL CONTRACT EXCEPTION.

SCHEDULE J, PART II, COMPENSATION AND BENEFITS:

COLUMN B (II) REPRESENTS THE AMOUNT OF ISOC'S VARIABLE COMPENSATION PLAN EARNED IN 2022 (THE PRIOR CALENDAR YEAR) BUT PAID IN 2023. COLUMN B (III) REPRESENTS THE AMOUNT OF EMPLOYEES' TAXABLE COST OF LIFE INSURANCE AND ALLOWANCES FOR EMPLOYEE BENEFITS. COLUMN C INCLUDES INTERNET SOCIETY'S CONTRIBUTION TO EMPLOYEES' RETIREMENT PLANS, PLUS ANY VARIABLE COMPENSATION EARNED IN THE PRIOR TAX YEAR BUT PAID AFTER MARCH 15, 2023. COLUMN D INCLUDES EMPLOYEES' NON-TAXABLE MEDICAL AND OTHER NON-TAXED BENEFITS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• IETF ADMINISTRATION LLC

  SUPPORT · DE · income $14,560,766 · assets $29,779,429

  Directly controlled by INTERNET SOC