Civic Intelligence

Nevada Research & Innovation Corporation

EIN 81-3671227 • 501(c)3 • Reno, NV

Profile

To promote research, discovery, innovation and technology transfer at the university of nevada, reno.

450 Sinclair StreetReno, NV 89501

nvric.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.46x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

3.16x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

3rd percentile

-150%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

22nd percentile

-9.2%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

13th percentile

-28%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$776,997

Down $78,364 (-9.2%) from 2024

Liabilities

Up

$358,468

Up $9,018 (+2.6%) from 2024

Net Assets

Down

$418,529

Down $87,382 (-17%) from 2024

Revenue

Down

$113,311

Down $43,896 (-28%) from 2024

Expenses

Up

$283,247

Up $52,104 (+23%) from 2024

Net Income

Down

-$169,936

Down $96,000 (-130%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2017: $81,718Liabilities 2017: $0Net Assets 2017: $81,7182017Assets 2018: $154,462Liabilities 2018: $45,250Net Assets 2018: $109,2122018Assets 2019: $486,408Liabilities 2019: $341,439Net Assets 2019: $144,9692019Assets 2020: $587,044Liabilities 2020: $44,632Net Assets 2020: $542,4122020Assets 2021: $652,155Liabilities 2021: $42,220Net Assets 2021: $609,9352021Assets 2022: $801,703Liabilities 2022: $31,513Net Assets 2022: $770,1902022Assets 2023: $1,074,356Liabilities 2023: $79,413Net Assets 2023: $994,9432023Assets 2024: $855,361Liabilities 2024: $349,450Net Assets 2024: $505,9112024Assets 2025: $776,997Liabilities 2025: $358,468Net Assets 2025: $418,5292025

Highlighted filing

2025

Assets$776,997
Liabilities$358,468
Net Assets$418,529

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2017: $235,742Expenses 2017: $154,024Net Income 2017: $81,7182017Revenue 2018: $108,789Expenses 2018: $81,295Net Income 2018: $27,4942018Revenue 2019: $134,532Expenses 2019: $98,775Net Income 2019: $35,7572019Revenue 2020: $193,693Expenses 2020: $114,060Net Income 2020: $79,6332020Revenue 2021: $135,489Expenses 2021: $209,598Net Income 2021: -$74,1092021Revenue 2022: $277,051Expenses 2022: $361,167Net Income 2022: -$84,1162022Revenue 2023: $281,609Expenses 2023: $340,882Net Income 2023: -$59,2732023Revenue 2024: $157,207Expenses 2024: $231,143Net Income 2024: -$73,9362024Revenue 2025: $113,311Expenses 2025: $283,247Net Income 2025: -$169,9362025

Highlighted filing

2025

Revenue$113,311
Expenses$283,247
Net Income-$169,936

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$113,311
Mission and Program Overview

Mission

To promote research, discovery, innovation and technology transfer at the university of nevada, reno.

To promote research, discovery, innovation and technology transfer at the university of nevada, reno and to expedite movement of university research discoveries and intellectual property to the private sector in a manner that will encourage development of products and services that benefit the public consistent with the university's public mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$487,932$428,109▼ $59,823
Cash and Non-Interest-Bearing Accounts$294,035$327,743▲ $33,708
Accounts Receivable$72,653$20,404▼ $52,249
Investments Other Securities$741$741→ $0
Total Assets$855,361$776,997▼ $78,364
Liabilities
Other Liabilities$0$307,159▲ $307,159
Accounts Payable and Accrued Expenses$349,450$44,309▼ $305,141
Deferred Revenue-$7,000-
Total Liabilities$349,450$358,468▲ $9,018
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$505,911$418,529▼ $87,382
Total Net Assets Fund Balance$505,911$418,529▼ $87,382
Total Liabilities and Net Assets / Fund Balance$855,361$776,997▼ $78,364
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sara LafranceBoard Chair
Mridul Gautam PhdPresident
Bill DallyDirector
Bill PayneDirector
David AucoinDirector
Manthi NguyenDirector
Mick HitchcockDirector
Robert GoldbergDirector
Scott MinickDirector
Sesh CommuriDirector
James BehnkeTreasurer
Khaled Abul-hassanVP and Secretary
Grace Chou PhdVP and Secretary (resigned)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$89,466
Investment Income
$0
Other Revenue
$23,845
Change in Net Assets
$-169,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,247
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$40,530--$40,530
Fees for Services Accounting-$8,400-$8,400
Other Expenses$82,830$4,000-$4,000
Fees for Services Legal$3,000$51-$3,051
Advertising$2,702--$2,702
Office Expenses-$2,331-$2,331
Insurance-$1,300-$1,300
Total Functional Expenses$129,062$154,185$0$283,247
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
Sesh Commuri G4 Technologies LLCDirectorLicense Maintenance Fee.No$75,000
Sesh Commuri G4 Technologies LLCDirectorLegal Fee Reimbursement.No$13,692
Mick Hitchcock RenogenyxDirectorLegal Fee Reimbursement.No$674
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party - Noncurrent$307,159
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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 treasurer of the board reviews the form 990 and a copy is provided to all members of the governing body prior to filing.

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

The organization requires a signed statement from each director, principal officer and member of a committee with governing board delegated powers regarding conflicts of interest.

Form 990, Part VI, Section C, Line 19

Governing documents and the conflict of interest policy are available on the organization's website. Financial statements and form 990 are made available upon request.

Filing and Contact Details

Filer

Filer Name
Nevada Research & Innovation Corporation
EIN
81-3671227
Phone
7757844421
Address
450 SINCLAIR STREET, RENO, NV 89501

Signing Officer

Name
James Behnke
Title
Treasurer
Phone
7757844421
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Behnke
Formed
2016
Legal Domicile
Nv
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Cupit Milligan Ogden & Williams
Address
1695 MEADOW WOOD LANE STE 100, RENO, NV 89502-6511
Preparer
Melvin L Williams CPA
Phone
7758275055
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer of assets from a related party 101,356.

Part XII, Line 2C

The board of directors oversees the review of the financial statements. The process was not changed during the year.

Part XI Line 8

During the fiscal year 2025, net assets were restated to recognize royalties payable due to the university of nevada, reno (the "university") in the proper period. The effect of the restatement was to increase the amount due to the university by $18,802 and to reduce net assets by $18,802.

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IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt023845
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt023845
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION'S (NVRIC'S) DIRECTORS ARE NOT MADE UP OF A MAJORITY OF SUPPORTED ORGANIZATION (UNIVERSITY OF NEVADA, RENO "THE UNIVERSITY") DIRECTORS. CONTROL OF NVRIC IS MAINTAINED AS THERE ARE 2 DIRECTORS AND 2 OFFICERS THAT SERVE IN SENIOR LEADERSHIP ROLES IN THE SUPPORTED ORGANIZATION. OPERATIONAL AND DAILY ACTIVITIES ARE MANAGED AND SUPERVISED PRIMARILY BY THESE OFFICERS IN BOTH THE SUPPORTED AND SUPPORTING ORGANIZATION AROUND THE MISSION OF THE ORGANIZATION. THE SUPPORTING ORGANIZATION HAS SIGNIFICANT INVOLVEMENT IN THE OPERATIONS OF THE SUPPORTED ORGANIZATION, AND WORKS IN CONJUNCTION WITH THE DAILY ACTIVITIES OF INTELLECTUAL PROPERTY OF THE UNIVERSITY BY PROVIDING SERVICES AROUND LICENSING, PATENTS, AND LEGAL ACTIVITIES AS NEEDED BY THE UNIVERSITY. THESE OFFICERS LEAD AND OVERSEE THESE TYPES OF ACTIVITIES IN THE SUPPORTED ORGANIZATION AS WELL ON A DAILY BASIS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV SECTION C
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0886000024
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0100284
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF NEVADA RENO
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt0100284
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0307159
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY - NONCURRENT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0307159
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICK HITCHCOCK RENOGENYX
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1SESH COMMURI G4 TECHNOLOGIES LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2SESH COMMURI G4 TECHNOLOGIES LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0674
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt113692
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt275000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGAL FEE REIMBURSEMENT.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LEGAL FEE REIMBURSEMENT.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2LICENSE MAINTENANCE FEE.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER OF THE BOARD REVIEWS THE FORM 990 AND A COPY IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES A SIGNED STATEMENT FROM EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS REGARDING CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRANSFER OF ASSETS FROM A RELATED PARTY 101,356.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS OVERSEES THE REVIEW OF THE FINANCIAL STATEMENTS. THE PROCESS WAS NOT CHANGED DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DURING THE FISCAL YEAR 2025, NET ASSETS WERE RESTATED TO RECOGNIZE ROYALTIES PAYABLE DUE TO THE UNIVERSITY OF NEVADA, RENO (THE "UNIVERSITY") IN THE PROPER PERIOD. THE EFFECT OF THE RESTATEMENT WAS TO INCREASE THE AMOUNT DUE TO THE UNIVERSITY BY $18,802 AND TO REDUCE NET ASSETS BY $18,802.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XI LINE 8
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEVADA RESEARCH & INNOVATION CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0INNEVATOR LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0213
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NV
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0NO CURRENT ACTIVITY.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0450 SINCLAIR STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0RENO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NV
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd089501
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0855361
IRS990/TotalAssetsEOYAmt0776997
IRS990/TotalAssetsGrp/BOYAmt0855361
IRS990/TotalAssetsGrp/EOYAmt0776997
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0154185
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129062
IRS990/TotalFunctionalExpensesGrp/TotalAmt0283247
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0349450
IRS990/TotalLiabilitiesEOYAmt0358468
IRS990/TotalLiabilitiesGrp/BOYAmt0349450
IRS990/TotalLiabilitiesGrp/EOYAmt0358468
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0505911
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0418529
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0129062
IRS990/TotalProgramServiceRevenueAmt089466
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0113311
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0113311
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0855361
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0776997
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0450 SINCLAIR STREET
IRS990/USAddress/CityNm0RENO
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089501
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0NVRIC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES BEHNKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER

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