Civic Intelligence

Open Research Lab Inc.

990 • Fiscal year 2017 • EIN 81-0861414

Jan 01, 2017 to Dec 31, 2017 • Filed on Dec 19, 2019

469 9th Street 2nd FloorOakland, CA 94607

(833) 927-2677

Siviq Scores

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

Liabilities / Assets

99th percentile

2.19x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.57x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

12th percentile

-20%

Higher net margin than 12% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$384,797

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

98th percentile

230%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

498%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,332,854

Up $3,017,930 (+230%) from 2016

Net Assets

Down

-$5,164,952

Down $1,228,963 (-31%) from 2016

Liabilities

Up

$9,497,806

Up $4,246,893 (+81%) from 2016

Revenue

Up

$6,036,020

Up $5,026,388 (+498%) from 2016

Expenses

Up

$7,264,983

Up $2,319,362 (+47%) from 2016

Net Income

Up

-$1,228,963

Up $2,707,026 (+69%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10M-$20MAssets 2016: $1,314,924Liabilities 2016: $5,250,913Net Assets 2016: -$3,935,9892016Assets 2017: $4,332,854Liabilities 2017: $9,497,806Net Assets 2017: -$5,164,9522017Assets 2018: $551,125Liabilities 2018: $7,007,444Net Assets 2018: -$6,456,3192018Assets 2019: $834,220Liabilities 2019: $10,158,035Net Assets 2019: -$9,323,8152019Assets 2020: $3,321,930Liabilities 2020: $15,093,776Net Assets 2020: -$11,771,8462020Assets 2021: $10,022,134Liabilities 2021: $14,598,344Net Assets 2021: -$4,576,2102021Assets 2022: $6,778,420Liabilities 2022: $14,737,436Net Assets 2022: -$7,959,0162022Assets 2023: $3,477,585Liabilities 2023: $15,031,516Net Assets 2023: -$11,553,9312023Assets 2024: $2,973,762Liabilities 2024: $32,235Net Assets 2024: $2,941,5272024

Highlighted filing

2017

Assets$4,332,854
Liabilities$9,497,806
Net Assets-$5,164,952

Operations Trend

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

$20M$10M$0-$10MRevenue 2016: $1,009,632Expenses 2016: $4,945,621Net Income 2016: -$3,935,9892016Revenue 2017: $6,036,020Expenses 2017: $7,264,983Net Income 2017: -$1,228,9632017Revenue 2018: $1,865,919Expenses 2018: $3,157,286Net Income 2018: -$1,291,3672018Revenue 2019: $1,727,094Expenses 2019: $4,594,590Net Income 2019: -$2,867,4962019Revenue 2020: $4,136,079Expenses 2020: $6,627,171Net Income 2020: -$2,491,0922020Revenue 2021: $10,163,260Expenses 2021: $2,967,624Net Income 2021: $7,195,6362021Revenue 2022: $193,917Expenses 2022: $3,576,723Net Income 2022: -$3,382,8062022Revenue 2023: $1,077,426Expenses 2023: $4,768,396Net Income 2023: -$3,690,9702023Revenue 2024: $18,298,154Expenses 2024: $3,802,696Net Income 2024: $14,495,4582024

Highlighted filing

2017

Revenue$6,036,020
Expenses$7,264,983
Net Income-$1,228,963
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Dec 19, 2019
Return Version
2017v2.2
Gross Receipts
$6,151,797
Mission and Program Overview

Mission

Open Research Lab seeks to answer open-ended questions and develop technology that should not be owned by any one company and requires work on a very long time horizon. With investment in fundamental research declining, Open Research Lab seeks to fill fundamental research gaps.

YCR seeks to answer open-ended questions and develop technology that should not be owned by any one company and requires work on a very long time horizon. With investment in fundamental research declining, YCR seeks to fill fundamental research gaps.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$5,223,285$6,008,339▲ $785,054
Cash and Non-Interest-Bearing Accounts$1,029,537$4,111,969▲ $3,082,432
Savings and Temporary Cash Investments$100,000$100,000→ $0
Prepaid Expenses and Deferred Charges$60,923$0▼ $60,923
Land, Buildings, and Equipment, Net$34,935$51,356▲ $16,421
Accounts Receivable-$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$1,314,924$4,332,854▲ $3,017,930
Other Assets Total$89,529$69,529▼ $20,000
Liabilities
Other Liabilities-$3,469,875-
Accounts Payable and Accrued Expenses$27,628$19,592▼ $8,036
Total Liabilities$5,250,913$9,497,806▲ $4,246,893
Net Assets / Fund Balance
Unrestricted Net Assets$-3,935,989$-5,164,952▼ $1,228,963
Total Net Assets Fund Balance$-3,935,989$-5,164,952▼ $1,228,963
Total Liabilities and Net Assets / Fund Balance$1,314,924$4,332,854▲ $3,017,930

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$41,965$12,145$54,110
Other Land Buildings$9,391$1,350$10,741
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel IngallsInvestigatorFT$266,667$68,130$384,797
Alessandro WarthInvestigatorFT$233,333$62,637$295,970
John MaloneyInvestigatorFT$162,833$11,598$227,430
Tobias SchachmanResearcherFT$175,000$11,598$211,598
Bret VictorInvestigatorFT$185,417$31,846$192,263
Chris ClarkDirector/COOPT$125,000$104,304$154,304
David LanskyGeneral CounselPT$52,019$39,597$52,019

Board Members and Trustees

NameTitle
Patrick ScagliaDirector
Sam AltmanDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Bert FreudenbergResearch ConsultantBreiter Weg 228, Magdeberg, Gm$149,980
Pat DubroyResearch ConsultantLipowskystr 20, Munich, Europe, Gm$149,061
Revenue and Support

Revenue Composition

Contributions and Grants
$5,947,540
Program Service Revenue
$0
Investment Income
$50
Other Revenue
$88,430
All Other Contributions
$5,947,540
Change in Net Assets
$-1,228,963

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$47,991Avg of High-Low
Other Non Cash Contri Table1$15,932Fair Market Value (FMV)
Total Noncash Contributions2$63,923-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,621,147
Other Expenses$2,143,836
Grants and Similar Amounts Paid$500,000
Total Fundraising Expense$2,384
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,894,409--$3,894,409
Fees for Services Other$957,061--$957,061
Occupancy$640,333--$640,333
Grants to Domestic Orgs$500,000--$500,000
Other Employee Benefits$267,757--$267,757
Payroll Taxes$256,962--$256,962
Current Officers, Directors, Trustees, and Key Employees$202,019--$202,019
Office Expenses-$79,385-$79,385
Information Technology$70,781--$70,781
Travel$61,089-$1,340$62,429
Insurance-$60,147-$60,147
Conferences and Meetings$53,302-$1,013$54,315
Interest$50,986--$50,986
Fees for Services Legal$39,413--$39,413
Fees for Services Accounting$15,000--$15,000
All Other Expenses$11,187$1,892$31$13,110
Depreciation Depletion$10,306--$10,306
Other Expenses$4,634$13,286-$4,634
Advertising$3,280--$3,280
Total Functional Expenses$7,107,889$154,710$2,384$7,264,983
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
WatsiSan Francisco, CA501(c)(3)General Support$500,000
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$5,223,285$6,008,339▲ $785,054
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liability$3,469,875
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
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 11B: Form 990 Review Process

The 990 will first be reviewed by the COO with the preparer and then the COO will present it to the board finance committee for approval.

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

The Treasurer and COO remind board members and officers annually of the policy and answer any questions the board or officers may have.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Determined by the board using comparability data.

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

Determined by the board using comparability data.

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

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Y Combinator Research Inc
EIN
81-0861414
Phone
8339272677
Address
469 9th Street 2nd Floor, Oakland, CA 94607

Signing Officer

Name
Chris Clark
Title
COO
Signed
2019-12-19
Discuss with paid preparer
No

Organization Details

Principal Officer
Chris Clark
Formed
2015
Legal Domicile
De
Voting Board Members
4
Independent Board Members
0
Employees
31
Volunteers
3

Preparer

Firm
Fontanello Duffield & Otake LLP
Address
44 Montgomery Street Suite 1305, San Francisco, CA 94104
Preparer
Michael Fontanello
Phone
4159830200
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