Civic Intelligence

Institute for Life Science Entrepreneurship Inc.

990 • Fiscal year 2019 • EIN 46-5632420

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 15, 2020

1000 Morris Avenue Stem BuildingUnion, NJ 07083

(908) 737-1922

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.34x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

76th percentile

0.20x

Higher debt load relative to revenue than 76% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$154,781

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

5th percentile

-38%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

5th percentile

-49%

Faster revenue growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$447,720

Down $269,530 (-38%) from 2018

Net Assets

Down

$293,813

Down $250,796 (-46%) from 2018

Liabilities

Down

$153,907

Down $18,734 (-11%) from 2018

Revenue

Down

$783,908

Down $758,991 (-49%) from 2018

Expenses

Down

$1,031,428

Down $347,919 (-25%) from 2018

Net Income

Down

-$247,520

Down $411,072 (-251%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2014: $79,403Liabilities 2014: $99,598Net Assets 2014: -$20,1952014Assets 2015: $955,281Liabilities 2015: $243,393Net Assets 2015: $711,8882015Assets 2016: $683,492Liabilities 2016: $218,265Net Assets 2016: $465,2272016Assets 2017: $616,714Liabilities 2017: $233,657Net Assets 2017: $383,0572017Assets 2018: $717,250Liabilities 2018: $172,641Net Assets 2018: $544,6092018Assets 2019: $447,720Liabilities 2019: $153,907Net Assets 2019: $293,8132019Assets 2020: $579,267Liabilities 2020: $162,161Net Assets 2020: $417,1062020Assets 2021: $828,255Liabilities 2021: $142,576Net Assets 2021: $685,6792021Assets 2022: $1,079,920Liabilities 2022: $49,938Net Assets 2022: $1,029,9822022Assets 2023: $1,180,161Liabilities 2023: $56,185Net Assets 2023: $1,123,9762023Assets 2024: $1,656,608Liabilities 2024: $536,098Net Assets 2024: $1,120,5102024

Highlighted filing

2019

Assets$447,720
Liabilities$153,907
Net Assets$293,813

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $250,000Expenses 2014: $270,195Net Income 2014: -$20,1952014Revenue 2015: $1,277,710Expenses 2015: $545,627Net Income 2015: $732,0832015Revenue 2016: $1,495,496Expenses 2016: $1,742,157Net Income 2016: -$246,6612016Revenue 2017: $1,656,662Expenses 2017: $1,738,832Net Income 2017: -$82,1702017Revenue 2018: $1,542,899Expenses 2018: $1,379,347Net Income 2018: $163,5522018Revenue 2019: $783,908Expenses 2019: $1,031,428Net Income 2019: -$247,5202019Revenue 2020: $1,030,230Expenses 2020: $906,937Net Income 2020: $123,2932020Revenue 2021: $1,022,746Expenses 2021: $762,193Net Income 2021: $260,5532021Revenue 2022: $1,059,927Expenses 2022: $798,575Net Income 2022: $261,3522022Revenue 2023: $911,287Expenses 2023: $812,815Net Income 2023: $98,4722023Revenue 2024: $952,664Expenses 2024: $923,330Net Income 2024: $29,3342024

Highlighted filing

2019

Revenue$783,908
Expenses$1,031,428
Net Income-$247,520
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 15, 2020
Return Version
2019v5.1
Gross Receipts
$783,908
Mission and Program Overview

Mission

The mission of the institute is to be a gateway for integrating the extraordinary academic, industrial and entrepreneurial resources of the new york/new jersey metropolitan area into a dynamic, rapid-response enterprise for advancing basic and translational research and entrepreneurism in the life sciences. The mission of the institute as a gateway for integrating the extraordinary academic, industrial and entrepreneurial resources of the new york/new jersey metropolitan area into a dynamic rapid-response enterprise for advancing basic and translational research and entrepreneurism in the life sciences. It is structured as a non-profit, autonomous life science research institute located on the campus of kean university, in union, new jersey, governed by a board of directors.

PLEASE SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$405,574$296,835▼ $108,739
Accounts Receivable$250,182$84,334▼ $165,848
Land, Buildings, and Equipment, Net$51,031$57,583▲ $6,552
Prepaid Expenses and Deferred Charges$4,187$2,690▼ $1,497
Cash and Non-Interest-Bearing Accounts$47$47→ $0
Investments Other Securities$25$25→ $0
Total Assets$717,250$447,720▼ $269,530
Other Assets Total$6,204$6,206▲ $2
Liabilities
Accounts Payable and Accrued Expenses$160,691$141,757▼ $18,934
Other Liabilities$11,950$12,150▲ $200
Total Liabilities$172,641$153,907▼ $18,734
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$544,609$293,813▼ $250,796
Total Net Assets Fund Balance$544,609$293,813▼ $250,796
Total Liabilities and Net Assets / Fund Balance$717,250$447,720▼ $269,530

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$57,583$46,808$104,391
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert MclaughlinVice President of ResearchPT$154,716$65$154,781
Tom RichardsonPresidentPT$102,083$560$102,643
Steven LesiakVP of Operations and FinancePT$82,311-$82,311

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$229,396
Program Service Revenue
$554,323
Investment Income
$189
Other Revenue
$0
All Other Contributions
$229,396
Change in Net Assets
$-247,520

Audited Revenue Reconciliation

Revenue per Audited Statements
$783,908
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$258,847
Total Revenue per Audited Statements
$1,042,755
Total Revenue per Form 990
$783,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$757,312
Other Expenses$274,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$283,534$60,713-$344,247
Other Salaries and Wages$261,620$56,018-$317,638
Fees for Services Other$29,213$85,482-$114,695
Payroll Taxes$49,683$10,639-$60,322
Other Employee Benefits$28,914$6,191-$35,105
Office Expenses$11,041$15,768-$26,809
Fees for Services Accounting-$21,000-$21,000
Depreciation Depletion$16,988--$16,988
Travel$10,850$3,492-$14,342
Advertising-$11,286-$11,286
Information Technology$2,193$5,969-$8,162
Fees for Services Legal$4,024$552-$4,576
Insurance-$4,350-$4,350
Other Expenses$2,162$1,402-$3,564
Total Functional Expenses$748,566$282,862$0$1,031,428

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,293,551
Expenses per Audited Statements$1,031,428
Total Expenses per Form 990$1,031,428
Expenses Not Reported on Form 990$262,123
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Richardson Choi LLCCEO of Tenant Is President of OrganizationConsulting FeeNo$52,915
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$12,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is provided to and reviewed by the institutes board of trustees prior to issuance.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is required to be reviewed annually by all board members and employees.

Form 990, Part VI, Section C, Line 18

The institute makes its form 1023 and 990 available for public inspection upon request.

Form 990, Part VI, Section C, Line 19

The institute makes its articles of incorporation, bylaws and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Institute for Life Science
EIN
46-5632420
Phone
9087371922
Address
1000 MORRIS AVENUE STEM BUILDING, UNION, NJ 07083

Signing Officer

Name
Dr Keith Bostian
Title
CEO
Phone
9087371922
Signed
2020-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Keith Bostian
Formed
2014
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
8
Volunteers
0

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting/contract services: program service expenses 29,213. Management and general expenses 85,482. Fundraising expenses 0. Total expenses 114,695.

FORM 990, PART XI, LINE 9:

BAD DEBT EXPENSE -3,276.

FORM 990, PART XII, LINE 2C:

The oversight process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The institute is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and, accordingly, is not liable for federal and state income taxes. The institute follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the institute's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The institute's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during 2019 and 2018. At december 31, 2019 and 2018, there are no significant income tax uncertainties.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

BAD DEBT EXPENSE 3,276.

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IRS990/MissionDesc0THE MISSION OF THE INSTITUTE IS TO BE A GATEWAY FOR INTEGRATING THE EXTRAORDINARY ACADEMIC, INDUSTRIAL AND ENTREPRENEURIAL RESOURCES OF THE NEW YORK/NEW JERSEY METROPOLITAN AREA INTO A DYNAMIC, RAPID-RESPONSE ENTERPRISE FOR ADVANCING BASIC AND TRANSLATIONAL RESEARCH AND ENTREPRENEURISM IN THE LIFE SCIENCES. THE MISSION OF THE INSTITUTE AS A GATEWAY FOR INTEGRATING THE EXTRAORDINARY ACADEMIC, INDUSTRIAL AND ENTREPRENEURIAL RESOURCES OF THE NEW YORK/NEW JERSEY METROPOLITAN AREA INTO A DYNAMIC RAPID-RESPONSE ENTERPRISE FOR ADVANCING BASIC AND TRANSLATIONAL RESEARCH AND ENTREPRENEURISM IN THE LIFE SCIENCES. IT IS STRUCTURED AS A NON-PROFIT, AUTONOMOUS LIFE SCIENCE RESEARCH INSTITUTE LOCATED ON THE CAMPUS OF KEAN UNIVERSITY, IN UNION, NEW JERSEY, GOVERNED BY A BOARD OF DIRECTORS.
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IRS990/OtherExpensesGrp/TotalAmt13564
IRS990/OtherLiabilitiesGrp/BOYAmt011950
IRS990/OtherLiabilitiesGrp/EOYAmt012150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt056018
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0261620
IRS990/OtherSalariesAndWagesGrp/TotalAmt0317638
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010639
IRS990/PayrollTaxesGrp/ProgramServicesAmt049683
IRS990/PayrollTaxesGrp/TotalAmt060322
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04187
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02690
IRS990/PrincipalOfficerNm0DR KEITH BOSTIAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0CONSULTING INCOME
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0374550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1179773
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0374550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1179773
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0770351
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0280
IRS990/PYOtherExpensesAmt0456656
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0772268
IRS990/PYRevenuesLessExpensesAmt0163552
IRS990/PYSalariesCompEmpBnftPaidAmt0922691
IRS990/PYTotalExpensesAmt01379347
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01542899
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-247520
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0554323
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0405574
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0296835
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0229396
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0770351
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01342000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01176000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01156000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04673747
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt0258847
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt0308731
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt0253058
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt0169031
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt0169031
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt01158698
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0179962
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0143089
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt084087
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt080278
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt033050
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0520466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0374550
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0629459
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0314419
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0189218
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt088660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01596306
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0179962
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0143089
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt084087
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt080278
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt033050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0520466
IRS990ScheduleA/InvestmentIncomeCYPct00.06550
IRS990ScheduleA/InvestmentIncomePYPct00.04750
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.37200
IRS990ScheduleA/PublicSupportPY509Pct00.35370
IRS990ScheduleA/PublicSupportTotal509Amt02957177
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0177638
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0731484
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01134064
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01317855
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01110533
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt04471574
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0177638
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0731484
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt01134064
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01317855
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt01110533
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt04471574
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0862793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01708541
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01909477
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01534249
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01413691
IRS990ScheduleA/Total509Grp/TotalAmt07428751
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01042755
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01851630
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01993564
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01614527
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01446741
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07949217
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0258847
IRS990ScheduleD/DonatedServicesUseFcltsAmt0258847
IRS990ScheduleD/EquipmentGrp/BookValueAmt057583
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046808
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0104391
IRS990ScheduleD/ExpensesNotReportedAmt0262123
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01031428
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt03276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt0258847
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0783908
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE INSTITUTE FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE INSTITUTE'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE INSTITUTE'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2019 AND 2018. AT DECEMBER 31, 2019 AND 2018, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BAD DEBT EXPENSE 3,276.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt057583
IRS990ScheduleD/TotalExpensesPerForm990Amt01031428
IRS990ScheduleD/TotalLiabilityAmt012150
IRS990ScheduleD/TotalRevenuePerForm990Amt0783908
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01042755
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01293551
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt065
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT MCLAUGHLIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE PRESIDENT OF RESEARCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0154781
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0RICHARDSON CHOI LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CEO OF TENANT IS PRESIDENT OF ORGANIZATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00

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