Oled Association

The Oled Association is a nonprofit organization designated as a 501(c)(6) entity. These organizations are typically business leagues, chambers of commerce, real estate boards, or similar entities created for the improvement of business conditions. As a 501(c)(6), the Oled Association operates primarily to promote business conditions related to OLED technology.

Mission

While specific details about the Oled Association's mission are not publicly available, organizations like this generally focus on fostering industry growth, facilitating technical exchanges, and promoting specific technologies among their members.

Structure

The Oled Association is structured with key leadership roles, including directors such as Barry Young, who has served as Managing Director. Other notable positions include Vice Chairman and various Directors without listed compensation, as seen in financial reports from earlier years.

Financial Operations

Financial data indicates that the Oled Association does not receive tax-deductible donations, reflecting its 501(c)(6) status, which differs from charitable nonprofits. Revenue sources primarily come from "Other Revenue," and the organization has reported fluctuating assets and liabilities over the years. For example, in 2018, total assets were $21,278 with liabilities of $12,427.

Activities and Impact

The Oled Association likely serves as a membership forum for the OLED industry, aimed at advancing OLED technology and market knowledge. It acts as a resource for media and investors interested in OLED products and standards. However, specific activities and achievements of the Oled Association are not detailed in available public records.

Position in the Nonprofit Sector

As a specialized business league, the Oled Association contributes to the broader nonprofit sector by focusing on industry-specific development. It is part of a network of organizations that enhance business conditions through collaborative efforts and knowledge exchange. However, it does not participate in charitable activities typical of 501(c)(3) organizations, as donations to the Oled Association are not tax-deductible.

[1] https://projects.propublica.org/nonprofits/organizations/261982936 [2] https://www.oled-info.com/oled-a [3] https://www.councilofnonprofits.org [4] https://ir.oled.com/newsroom/press-releases/press-release-details/2024/Universal-Display-Corporation-Announces-the-Appointment-of-New-Board-Members/default.aspx [5] https://www.ana.net/nonprofit