Civic Intelligence

Open Research Lab Inc.

990 • Fiscal year 2018 • EIN 81-0861414

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 03, 2020

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

100th percentile

12.71x

Higher debt load relative to assets than 100% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

3.76x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

4th percentile

-69%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

88th percentile

$185,137

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-87%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-69%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$551,125

Down $3,781,729 (-87%) from 2017

Net Assets

Down

-$6,456,319

Down $1,291,367 (-25%) from 2017

Liabilities

Down

$7,007,444

Down $2,490,362 (-26%) from 2017

Revenue

Down

$1,865,919

Down $4,170,101 (-69%) from 2017

Expenses

Down

$3,157,286

Down $4,107,697 (-57%) from 2017

Net Income

Down

-$1,291,367

Down $62,404 (-5.1%) from 2017

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

2018

Assets$551,125
Liabilities$7,007,444
Net Assets-$6,456,319

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

2018

Revenue$1,865,919
Expenses$3,157,286
Net Income-$1,291,367
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 3, 2020
Return Version
2018v3.1
Gross Receipts
$1,865,919
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$6,008,339$6,858,613▲ $850,274
Cash and Non-Interest-Bearing Accounts$4,111,969$256,046▼ $3,855,923
Savings and Temporary Cash Investments$100,000$100,000→ $0
Land, Buildings, and Equipment, Net$51,356$72,706▲ $21,350
Prepaid Expenses and Deferred Charges-$52,844-
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$4,332,854$551,125▼ $3,781,729
Other Assets Total$69,529$69,529→ $0
Liabilities
Other Liabilities$3,469,875--
Accounts Payable and Accrued Expenses$19,592$117,917▲ $98,325
Deferred Revenue-$30,914-
Total Liabilities$9,497,806$7,007,444▼ $2,490,362
Net Assets / Fund Balance
Unrestricted Net Assets$-5,164,952$-6,456,319▼ $1,291,367
Total Net Assets Fund Balance$-5,164,952$-6,456,319▼ $1,291,367
Total Liabilities and Net Assets / Fund Balance$4,332,854$551,125▼ $3,781,729

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$37,208$23,670$60,878
Other Land Buildings$35,498$4,648$40,146
Other Assets Org$69,529--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael NielsenResearcherFT$175,000$10,137$185,137
Elizabeth RhodesResearch DirectorFT$154,667$9,048$163,715
Alexander NawarResearcherFT$115,000$5,902$120,902
Luke IanniniResearcherFT$101,000$10,455$111,455
Brian HayesResearcherFT$75,000$31,107$106,107
David LanskyGeneral CounselPT$100,000-$100,000
Chris ClarkPresident/COOPT$50,000$8,320$58,320

Board Members and Trustees

NameTitle
Patrick ScagliaDirector
Sam AltmanDirector
Jonathan LevySec/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Relative Path LLCConsulting3416 SE Insley St, Portland, OR 97202$140,223
Contrapuntal PerformancesEvents1880 Century Park East 200, Los Angeles, CA 90067$108,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,635,953
Program Service Revenue
$229,500
Investment Income
$466
Other Revenue
$0
All Other Contributions
$1,635,953
Change in Net Assets
$-1,291,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,587,764
Salaries, Compensation, and Employee Benefits$1,569,522
Total Fundraising Expense$4,656
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,182,671--$1,182,671
Occupancy$457,818--$457,818
Fees for Services Other$315,719--$315,719
Current Officers, Directors, Trustees, and Key Employees$158,320--$158,320
Other Employee Benefits$130,249--$130,249
Payroll Taxes$98,282--$98,282
Interest$58,342--$58,342
Information Technology$48,469--$48,469
Travel$35,004-$2,009$37,013
Insurance-$34,930-$34,930
Office Expenses-$27,187-$27,187
Fees for Services Legal$19,431--$19,431
Conferences and Meetings$16,219-$2,647$18,866
Other Expenses$30,174$18,765-$18,765
Advertising$15,512--$15,512
Depreciation Depletion$14,822--$14,822
Fees for Services Accounting$14,430--$14,430
All Other Expenses$5,676$610-$6,286
Total Functional Expenses$3,045,202$107,428$4,656$3,157,286
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$6,008,339$6,858,613▲ $850,274
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
No
Annual disclosure for covered persons
Yes
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
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
President/COO
Signed
2020-04-03
Discuss with paid preparer
No

Organization Details

Principal Officer
Chris Clark
Formed
2015
Legal Domicile
De
Voting Board Members
5
Independent Board Members
3
Employees
16
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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