Anyone can join IMA free to participate in community interest Working Groups. But IMA is much more than a community organization. We function as a community organization, a technology consortium, a standards organization, a philanthropic foundation, and a software products and services company - all with a focus on research, development, design thinking, accessibility, diversity, and open source to advance virtual worlds and virtual reality technologies. We are building IMA from the ground up and the middle out - each new member helps us work towards our collective goals!

 

For those wanting a higher level of involvement in all working group categories as partners of IMA, annual subscriptions help defray the cost of resources provided. In return, IMA provides subscribing members with a host of benefits including virtual space, annual expo, learning events, and professional working group tools. Benefits are not limited to services - subscribers can also legally become members of IMA that share in any profits made and have access to financial statements. Websites, sign-up pages, and resources for subscriber Working Groups are in work. This includes the IMA Social Network and access to professional Project Management tools, training, and associated resources.

 

To be clear about membership options, there are three types of Working Group members. First, there are social members who can participate for free in the community interest category Working Groups. Second, there are subscribers who are not legal partners who can participate in any category Working Groups. Finally, there are subscribers who become legal partners that can participate in any category Working Groups. Subscribers who are not legal partners get all of the same benefits from IMA as those who are legal partners except for profit sharing distributions. Any member or subscriber has the option to use their fictional avatar name publicly and IMA will keep all personal indentifying information (PII) of those becoming legal partners private. For those wanting to become legal partners, you can find more details in this page in the legal forms section.

 

The following sections describe membership terms (member type definitions, business stakeholder access matrix, group and individual stakeholder access matrix, legal form and member classes, and annual subscriptions).

 

 

Member Type Definitions

 

Active Member Types

Founders: A Dimension Beyond, Inc. and Laxton Consulting, LLC

 

Passive Member Types

Investor: Silent limited partner (business, group, or individual)

Large Director: Business entity with $50M or more in annual revenue

Medium Director: Business entity with $5M to $50M in annual revenue

Small Director: Business entity with less than $5M in annual revenue

Large Group: Non-business entity with 1000 or more staff/members

Medium Group: Non-business entity with 100 to 999 staff/members

Small Group: Non-business entity with less than 100 staff/members

Professional: Individual 

Community: Individual

Social: Individual

 

 

Business Stakeholder Access Matrix

 

 

Executive

Staff

Investor

Large Director

Medium Director

Small Director

Member Type/Class

A

B

B

B

B

B

EB Seat

6

0

0

0

0

0

AB Seat

9

0

0

0

0

0

Council Seat

6

0

0

5

2

1

# WG Accounts

6

4

0

105

37

16

Lead WG

Y

Y

N

Y

Y

Y

WG Participation

Y

Y

N

Y

Y

Y

WG Resource Access

Y

Y

N

Y

Y

Y

Forum Access

Y

Y

N

Y

Y

Y

Create Forum Topic

Y

Y

N

Y

Y

Y

Create Events

Y

Y

N

Y

Y

Y

IMA Test Grid Space

Y

Y

Y

Y

Y

Y

IMA Expo Space

Y

Y

Y

Y

Y

Y

IMA Expo Access

Y

Y

Y

Y

Y

Y

Edit Public Wiki

Y

Y

N

Y

Y

Y

Create/Share Content

Y

Y

N

Y

Y

Y

Social Network

Y

Y

N

Y

Y

Y

IMA Blog

Y

Y

N

N

N

N

IMA Intranet Access

Y

Y

N

N

N

N

 

 

Group and Individual Stakeholder Access Matrix

 

 

Large Group

Medium Group

Small Group

Professional

Community

Social

Member Type/Class

B

B

B

B

B

B

EB Seat

0

0

0

0

0

0

AB Seat

Elected

Elected

Elected

Elected

0

0

Council Seat

Elected

Elected

Elected

Elected

0

0

# WG Accounts

95

35

15

1

1

1

Lead WG

Y

Y

Y

Y

N

N

WG Participation

Y

Y

Y

Y

Y

Y

WG Resource Access

Y

Y

Y

Y

Y

Limited

Forum Access

Y

Y

Y

Y

Y

Y

Create Forum Topic

Y

Y

Y

Y

Y

Y

Create Events

Y

Y

Y

Y

Y

Y

IMA Test Grid Space

Y

Y

Y

Y

Y

N

IMA Expo Space

Y

Y

Y

Y

Y

N

IMA Expo Access

Y

Y

Y

Y

Y

Y

Edit Public Wiki

Y

Y

Y

Y

Y

N

Create/Share Content

Y

Y

Y

Y

Y

Y

Social Network

Y

Y

Y

Y

Y

Y

IMA Blog

N

N

N

N

N

N

IMA Intranet Access

N

N

N

N

N

N

 

 

Legal Form: Multi-class multi-member manager-managed Virginia LLC (taxed as a partnership)

 

How does an LLC work for you? While in some cases, subscribers may not wish to share in IMA profits, when you subscribe at any level, you can optionally receive passive member interest units (become a legal partner as far as the IRS is concerned). This means you will have to report any distributions (income for you) and that we need your PII as a subscriber partner to report to the IRS. We will keep this information private if you like so you can use a fictional (avatar name) publicly. We respect your privacy as a matter of policy! 

 

After subscribing (except social member types), if you indicated "partner", you will get a link in email leading you to the subscriber agreement you will need to sign electronically. This is a legally binding agreement for the term of your subscription. Once in place, when you are vested (have paid your annual contribution to help pay for resources you are provided), IMA will issue you a K-1 (income statement) at the end of the calendar year. Distributions shown on the K-1 are your member interest of net profits after retained earnings.

 

Active members: A Dimension Beyond, Inc. and Laxton Consulting, LLC are the founding members of IMA. Each company provides three C-Level executives with relevant experience and research credentials needed to fulfill the core mission. These executives also comprise the Executive Board and chair the Advisory Board. The Executive Board oversees and manages sustaining engineering, service contracts, grant administration, and staff management while facilitating Research and Development Working Groups. Facilitation occurs via the Advisory Board which represents the interests of the Working Group branch. 

 

Passive members: For-profit entities, non-profit entities, and individuals will be invited to contribute and actively participate in Working Groups and/or the Advisory Board or Director’s Council Committees that coordinate the Working Group activities. These members can opt to be limited members/partners via subscription agreements and will be subject to IRS passive activity rules. They will have no material participation in IMA’s day-to-day operations but will have a proportional economic member interest as transferees. While these members have no voting rights with regards to day-to-day operations of the Research and Development branches, they do have voting rights in the Working Group branch and some seats in the Director's Council and the Advisory Board. 

 

Member Interest Classes

Class A (Executive): founding member interest

Class B (Partner): limited member economic interest only

 

IMA Staff and Advisory Board members with economic interest only will be deemed transferees not subject to annual vesting of member interest units. Each new employee or advisor will receive at least 50 or 100 Class B member interest units respectively as a profit sharing benefit for the duration of their term.

 

Subscriber partners with economic interest only will be deemed transferees subject to annual vesting of contributions to help fund the resources provided to subscribers. Number of Class B member interest units per subscriber partner depends on the subscription level annually.

 

Investor partners with economic interest only will be deemed assignees not subject to annual vesting of contributions. These members make a one time contribution subject to minimum investment to purchase Class B member interest units.

 

IMA will also champion a rewards/recognition program associated with contributions-in-kind that may lead to assignment of additional member interest units. Program details will be determined at a later date and announced.

 

Financial transparency to subscriber partners and investor partners will be reflected on schedule K-1's "Partner's share of profit, loss, and capital" issued annually. Partners will have access to IMA’s annual balance sheet, profit and loss statement, and cash flow statement under non-disclosure via the subscription or investor agreement.

 

 

Annual Partner Subscriptions by Member Type

 

Type Contribution Council Seats Accounts Leadership Role Resources Participation
Large Director $15,000 5 105 Yes Yes Yes
Medium Director $5,500 2 37 Yes Yes Yes
Small Director $2,500 1 16 Yes Yes Yes
Large Group $9,500 Elected 95 Yes Yes Yes
Medium Group $3,500 Elected 35 Yes Yes Yes
Small Group $1,500 Elected 15 Yes Yes Yes
Professional $100 Elected 1 Yes Yes Yes
Community $50 0 1 No Yes Yes
Social $0 0 1 No Limited Limited