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Nonprofiteer
← GSMA IP LLC

Form 990 for tax year 2024

Filed by GSMA IP LLC.

Totals

Total revenue
$2,192
Total expenses
$224,281
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$2,192
Total assets, end of year
$567,138
Total liabilities, end of year
$793,566
Net assets or fund balances, end of year
-$226,428
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $0

  • 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

  • 7d · Net gain or loss

    total $0

  • 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: FOREIGN EXCHANGE GAIN

    total $2,192 · excluded $2,192

  • 11e · Other revenue, total

    $2,192

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $31,208

  • 11b · Fees: legal

    total $13,522

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $177,999

  • 23 · Insurance

    total $0

  • 24a · Other expenses: OTHER EXPENSES

    total $1,552

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $343,397 · end of year $329,459

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $237,679

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,989 · end of year $37,937

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $345,755 · end of year $755,629

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$4,347 · end of year -$226,428

Mission and programs · 2024

Mission

GSMA VENTURES LLC HOLDS, MANAGES AND LICENSES THE INTELLECTUAL PROPERTY RIGHTS ASSOCIATED WITH THE BUSINESSES OPERATED BY GSMA LTD AND GSMA SERVICES LLC. IT ALSO MANAGES THOSE INTELLECTUAL PROPERTY ASSETS OF THE GSM ASSOCIATION THAT ARE RELEVANT TO GSMA SERVICES LLC AND GSMA LTD, INCLUDING THE GSMA BRAND.

Activities or mission (Part I)

TO HOLD, MANAGE AND LICENSE THE INTELLECTUAL PROPERTY RIGHTS ASSOCIATED WITH THE BUSINESS OPERATED BY GSMA LTD AND GSMA SERVICES LLC, INCLUDING THE GSMA BRAND.

  • GSMA Ventures LLC will be the owner of and will manage all GSMA Ltd.'s existing intellectual property assets, as well as any newly generated intellectual property assets created by GSMA Services LLC and GSMA LTD. GSMA Ventures LLC will also manage those intellectual property assets of the GSM Association that are relevant to GSMA Services LLC and GSMA LTD, including the GSMA brand.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Hoffman

    Manager and CEO

    Total calculated
    $1,865,095
    From this org
    $0
    From related orgs
    $1,851,895
    Other
    $13,200
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $531,792 related
    Bonus
    not reported + $1,305,703 related
    Other
    not reported + $14,400 related
    Deferred
    not reported + $13,200 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $1,865,095 related

  • Louise Easterbrook

    Manager and CFO

    Total calculated
    $1,374,723
    From this org
    $0
    From related orgs
    $1,374,723
    Other
    $0
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $425,799 related
    Bonus
    not reported + $897,828 related
    Other
    not reported + $51,096 related
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $1,374,723 related

  • Monique Cormier

    Manager and Secretary

    Total calculated
    $381,775
    From this org
    $0
    From related orgs
    $375,607
    Other
    $6,168
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    not reported + $295,614 related
    Bonus
    not reported + $79,993 related
    Other
    not reported
    Deferred
    not reported + $6,168 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $381,775 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

None.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GSMA SERVICES INDIA PRIVATE LIMITED

    C CORP · DIGITAL ADVOC · IN · 100% owned · share of income $1,326,919 · share of assets $1,916,581

    Directly controlled by GSM ASSOCIATION

  • GSMA SRL

    C CORP · DIGITAL ADVOC · AR · 100% owned · share of income $489,775 · share of assets $2,356,651

    Directly controlled by GSM ASSOCIATION

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202521359349307427

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