IOF Funding and Membership
Annual IOF membership fees effective 01 October 2023
All amounts in USD.
|
Annual Revenue | Annual / Monthly Member Fees | |
---|---|---|---|
Governing | Contributing | ||
Business tier 8 | 10,000,000,000 | 30,000 / 2,500 | 15,000 / 1,250 |
Business tier 7 | 1,000,000,000 | 20,000 / 1,700 | 10,000 / 834 |
Business tier 6 | 250,000,000 | 15,000 / 1,250 | 7,500 / 625 |
Business tier 5 | 5,000,000 | 10,000 / 834 | 5,000 / 417 |
Business tier 4 | 500,000 | 10,000 / 834 | 3,750 / 313 |
Business tier 3 | 250,000 | 10,000 / 834 | 2,500 / 209 |
Business tier 2 | 100,000 | 10,000 / 834 | 1,250 / 105 |
Business tier 1 | 0 | 10,000 / 834 | 750 / 63 |
Research institution tier 8 | 10,000,000,000 | 30,000 / 2,500 | 12,000 / 1,000 |
Research institution tier 7 | 1,000,000,000 | 20,000 / 1,700 | 8,000 / 670 |
Research institution tier 6 | 250,000,000 | 15,000 / 1,250 | 6,000 / 500 |
Research institution tier 5 | 5,000,000 | 10,000 / 840 | 4,000 / 340 |
Research institution tier 4 | 500,000 | 10,000 / 840 | 3,000 / 250 |
Government agency | N/A | 10,000 / 840 | 3,000 / 250 |
Academic institution | N/A | 5,000 / 420 | 500 / 50 |
Non-profit | N/A | N/A | 500 / 50 |
Annual membership period
By default, the annual membership will be from the first day of the first month following the month in which the organization’s membership was approved through the next twelve months. For budget reasons, some organizations want to specify an annual membership period other than the default.
Month in which membership was approved | Default annual membership period | Other options for annual membership period |
---|---|---|
January |
| Choose any one of the following:
|
February |
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March |
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April |
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May |
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June |
| |
July |
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August |
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September |
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October |
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November |
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December |
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Payment options
Members may choose either of the following two options:
Annual
First payment: If accepting the default annual membership period, pay the full annual membership fee amount. If choosing another annual membership period, pay the pro-rated amount.1
Subsequent payments: Pay the full annual amount no later than the 15th of the first month of the annual membership period.
Monthly
Recurring monthly payments will occur automatically on or after the 1st of each month. The first payment will be the first month after membership is approved.
1 Pro-rated amount calculated as follows:
A
= annual membership fee amountN
= number of full months between the date membership was approved and the beginning of the annual membership periodPro-rated amount =
A x N / 12