Civic Intelligence

Reservoir Engineering Research Institute

990 • Fiscal year 2018 • EIN 77-0238044

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 09, 2019

Organization Profilewww.rerinst.org

View Organization Page

595 Lytton Ave B 2nd FloorPalo Alto, CA 94306

(650) 326-9172

Siviq Scores

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

Liabilities / Assets

91st percentile

0.83x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.41x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

32nd percentile

-2.7%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$120,716

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

12th percentile

-16%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-17%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$308,450

Down $59,094 (-16%) from 2017

Net Assets

Down

$50,898

Down $15,833 (-24%) from 2017

Liabilities

Down

$257,552

Down $43,261 (-14%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin32nd percentile

Revenue

Down

$631,753

Down $128,770 (-17%) from 2017

Expenses

Down

$648,523

Down $100,942 (-13%) from 2017

Net Income

Down

-$16,770

Down $27,828 (-252%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$1.0M$500K$0-$500KAssets 2011: $574,281Liabilities 2011: $81,374Net Assets 2011: $492,9072011Assets 2012: $516,642Liabilities 2012: $178,105Net Assets 2012: $338,5372012Assets 2013: $528,733Liabilities 2013: $336,717Net Assets 2013: $192,0162013Assets 2014: $513,714Liabilities 2014: $546,484Net Assets 2014: -$32,7702014Assets 2015: $775,359Liabilities 2015: $687,041Net Assets 2015: $88,3182015Assets 2016: $419,715Liabilities 2016: $368,029Net Assets 2016: $51,6862016Assets 2017: $367,544Liabilities 2017: $300,813Net Assets 2017: $66,7312017Assets 2018: $308,450Liabilities 2018: $257,552Net Assets 2018: $50,8982018Assets 2019: $345,009Liabilities 2019: $268,290Net Assets 2019: $76,7192019Assets 2020: $101,166Liabilities 2020: $251,541Net Assets 2020: -$150,3752020Assets 2021: $231,876Liabilities 2021: $291,024Net Assets 2021: -$59,1482021Assets 2022: $145,837Liabilities 2022: $263,915Net Assets 2022: -$118,0782022Assets 2023: $229,486Liabilities 2023: $488,921Net Assets 2023: -$259,4352023Assets 2024: $181,004Liabilities 2024: $440,738Net Assets 2024: -$259,7342024

Highlighted filing

2018

Assets$308,450
Liabilities$257,552
Net Assets$50,898
Open 2018 Filing

Operations Trend

Revenue Growth17th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,187,965Expenses 2011: $1,051,067Net Income 2011: $136,8982011Revenue 2012: $1,000,854Expenses 2012: $1,188,893Net Income 2012: -$188,0392012Revenue 2013: $979,228Expenses 2013: $1,103,426Net Income 2013: -$124,1982013Revenue 2014: $1,029,714Expenses 2014: $1,264,657Net Income 2014: -$234,9432014Revenue 2015: $1,160,693Expenses 2015: $1,043,166Net Income 2015: $117,5272015Revenue 2016: $941,615Expenses 2016: $985,960Net Income 2016: -$44,3452016Revenue 2017: $760,523Expenses 2017: $749,465Net Income 2017: $11,0582017Revenue 2018: $631,753Expenses 2018: $648,523Net Income 2018: -$16,7702018Revenue 2019: $770,028Expenses 2019: $744,207Net Income 2019: $25,8212019Revenue 2020: $467,004Expenses 2020: $693,742Net Income 2020: -$226,7382020Revenue 2021: $777,935Expenses 2021: $686,678Net Income 2021: $91,2572021Revenue 2022: $410,643Expenses 2022: $469,573Net Income 2022: -$58,9302022Revenue 2023: $542,427Expenses 2023: $683,784Net Income 2023: -$141,3572023Revenue 2024: $547,635Expenses 2024: $547,934Net Income 2024: -$2992024

Highlighted filing

2018

Revenue$631,753
Expenses$648,523
Net Income-$16,770
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 9, 2019
Return Version
2018v3.1
Gross Receipts
$631,753
Mission and Program Overview

Mission

To carry out in-depth research in key areas of petroleum reservoir engineering.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$270,000$230,125▼ $39,875
Loans From Officers Directors$26,076$74,976▲ $48,900
Land, Buildings, and Equipment, Net$50,684$41,937▼ $8,747
Savings and Temporary Cash Investments$17,630$24,158▲ $6,528
Prepaid Expenses and Deferred Charges$21,650$4,650▼ $17,000
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$367,544$308,450▼ $59,094
Other Assets Total$7,580$7,580→ $0
Liabilities
Deferred Revenue$250,000$170,833▼ $79,167
Accounts Payable and Accrued Expenses$24,737$11,743▼ $12,994
Total Liabilities$300,813$257,552▼ $43,261
Net Assets / Fund Balance
Unrestricted Net Assets$66,731$50,898▼ $15,833
Total Net Assets Fund Balance$66,731$50,898▼ $15,833
Total Liabilities and Net Assets / Fund Balance$367,544$308,450▼ $59,094

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,476$498,629$529,105
Leasehold Improvements$11,461$14,130$25,591
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr Abbas FiroozabadiExecutive DirecFT$120,716$120,716

Board Members and Trustees

NameTitle
Dr Bret BecknerDirector
Dr Kent ThomasDirector
Dr Kjetil HaugenDirector
Dr Kristian MogensenDirector
Dr Philippe CordelierDirector
Dr Toshiyuki AnrakuDirector
Prof Alain GringartenDirector
Prof Clayton RadkeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$629,025
Investment Income
$2,728
Other Revenue
$0
Change in Net Assets
$-16,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$434,326
Other Expenses$154,197
Grants and Similar Amounts Paid$60,000
Total Fundraising Expense$10,775
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$215,521$42,052$5,257$262,830
Current Officers, Directors, Trustees, and Key Employees$98,987$19,315$2,414$120,716
Occupancy$63,561$12,403$1,550$77,514
Grants to Domestic Orgs$60,000--$60,000
Payroll Taxes$22,548$4,399$550$27,497
Other Employee Benefits$19,092$3,725$466$23,283
Depreciation Depletion$17,085--$17,085
Travel$8,626$1,684$210$10,520
All Other Expenses$3,875$2,751$61$6,687
Fees for Services Legal$4,585--$4,585
Office Expenses$3,677$717$90$4,484
Other Expenses$4,070$1,413$177$4,070
Fees for Services Other$2,747--$2,747
Fees for Services Accounting$2,270--$2,270
Insurance$1,926--$1,926
Total Functional Expenses$549,289$88,459$10,775$648,523
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Regents Uc RiversideRiverside, CA-Post Doctorage Support for Project$60,000
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$26,076$74,976▲ $48,900
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Line 6: Explanation of Classes of Members or Shareholder

“There is only one class of membership, namely, regular member. Each member is entitled to one vote on all matters brought to a vote within the Institute.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Board members review and approve Form 990 prior to submitting.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Board is developing a written conflict of interest policy.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The Board of Directors determines the initial compensation and approves any subsequent payment raises. Board members periodically review whether compensation arrangements and benefits are reasonable, based on competent survey information, and result of arm's length bargaining.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, tax returns, policies and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Reservoir Engineering Research Institute
EIN
77-0238044
Phone
6503269172
Address
595 LYTTON AVE B 2ND FLOOR, PALO ALTO, CA 94306

Signing Officer

Name
Dr Abbas Firoozabadi
Title
Executive Direc
Signed
2019-10-09
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
7

Preparer

Firm
Storek Carlson & Strutz Llp
Address
900 E HAMILTON AVE STE 450, CAMPBELL, CA 95008
Preparer
Fred Storek
Phone
6509615520
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Pass through income = $937”

Raw XML AppendixShowing 400 of 490 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt01550
IRS990/OccupancyGrp/ManagementAndGeneralAmt012403
IRS990/OccupancyGrp/ProgramServicesAmt063561
IRS990/OccupancyGrp/TotalAmt077514
IRS990/OfficeExpensesGrp/FundraisingAmt090
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0717
IRS990/OfficeExpensesGrp/ProgramServicesAmt03677
IRS990/OfficeExpensesGrp/TotalAmt04484
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt07580
IRS990/OtherAssetsTotalGrp/EOYAmt07580
IRS990/OtherChangesInNetAssetsAmt0937
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0466
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03725
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019092
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023283
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1R&D EXPENSES
IRS990/OtherExpensesGrp/Desc2MEETINGS
IRS990/OtherExpensesGrp/Desc3MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt0177
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01413
IRS990/OtherExpensesGrp/ProgramServicesAmt07241
IRS990/OtherExpensesGrp/ProgramServicesAmt18619
IRS990/OtherExpensesGrp/ProgramServicesAmt24859
IRS990/OtherExpensesGrp/ProgramServicesAmt34070
IRS990/OtherExpensesGrp/TotalAmt08831
IRS990/OtherExpensesGrp/TotalAmt18619
IRS990/OtherExpensesGrp/TotalAmt24859
IRS990/OtherExpensesGrp/TotalAmt34070
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05257
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042052
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0215521
IRS990/OtherSalariesAndWagesGrp/TotalAmt0262830
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0550
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04399
IRS990/PayrollTaxesGrp/ProgramServicesAmt022548
IRS990/PayrollTaxesGrp/TotalAmt027497
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021650
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04650
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/Desc1OTHER
IRS990/ProgramServiceRevenueGrp/Desc2RESEARCH
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0349167
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2264858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0349167
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2264858
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-6336
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0231569
IRS990/PYProgramServiceRevenueAmt0766859
IRS990/PYRevenuesLessExpensesAmt011058
IRS990/PYSalariesCompEmpBnftPaidAmt0517896
IRS990/PYTotalExpensesAmt0749465
IRS990/PYTotalRevenueAmt0760523
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-16770
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017630
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024158
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0349167
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0456667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0541750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0899749
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01026482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03273815
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02728
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0154
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03232
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06114
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0279858
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0310192
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0399711
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0260943
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01250704
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02728
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0154
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03232
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06114
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0-6336
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0-6336
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt04524519
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0629025
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0766859
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0941461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01160692
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01026482
IRS990ScheduleA/Total509Grp/TotalAmt04524519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0631753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0760523
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0941615
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01160692
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01029714
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04524297
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt030476
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0498629
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0529105
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011461
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014130
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025591
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041937
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt060000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0POST DOCTORAGE SUPPORT FOR PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0REGENTS UC RIVERSIDE
IRS990ScheduleI/RecipientTable/RecipientEIN0943067788
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0900 UNIVERSITY AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RIVERSIDE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092521
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Institute is presented with a research agreement proposal which includes budget justification (salaries, tuitions, lab equipment) each year. As the year progresses, the Institute receives invoices and justification for the expenses actually incurred. Any unused funds are rolled over to the next year.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is only one class of membership, namely, regular member. Each member is entitled to one vote on all matters brought to a vote within the Institute.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board members review and approve Form 990 prior to submitting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board is developing a written conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors determines the initial compensation and approves any subsequent payment raises. Board members periodically review whether compensation arrangements and benefits are reasonable, based on competent survey information, and result of arm's length bargaining.

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$308,450
Liabilities
$257,552
Net assets
$50,898
Revenue
$631,753
Expenses
$648,523
Net income
-$16,770
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.44$0.26$0.55$0.55$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.23$0.49$0.26$0.54$0.68$0.14
2022Detailed filing. Detailed filing data is available for this year.$0.15$0.26$0.12$0.41$0.47$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.29$0.06$0.78$0.69$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.10$0.25$0.15$0.47$0.69$0.23
2019Detailed filing. Detailed filing data is available for this year.$0.35$0.27$0.08$0.77$0.74$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.31$0.26$0.05$0.63$0.65$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.37$0.30$0.07$0.76$0.75$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.37$0.05$0.94$0.99$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.69$0.09$1.16$1.04$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.55$0.03$1.03$1.26$0.23
2013Summary only. Only limited summary data is available for this year.$0.53$0.34$0.19$0.98$1.10$0.12
2012Summary only. Only limited summary data is available for this year.$0.52$0.18$0.34$1.00$1.19$0.19
2011Summary only. Only limited summary data is available for this year.$0.57$0.08$0.49$1.19$1.05$0.14