Civic Intelligence

Scients Institute

990 • Fiscal year 2019 • EIN 83-1681707

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 13, 2020

2124 Cornell StreetPalo Alto, CA 94306-1319

(415) 242-8830

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

89th percentile

77%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

98th percentile

320%

Faster revenue growth than 98% of similar nonprofits.

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

Assets

Up

$75,148

Up $32,639 (+77%) from 2018

Net Assets

Up

$75,148

Up $32,664 (+77%) from 2018

Liabilities

Down

$0

Down $25 (-100%) from 2018

Revenue

Up

$210,000

Up $160,000 (+320%) from 2018

Expenses

Up

$177,336

Up $169,845 (+2267%) from 2018

Net Income

Down

$32,664

Down $9,845 (-23%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200K-$400KAssets 2018: $42,509Liabilities 2018: $25Net Assets 2018: $42,4842018Assets 2019: $75,148Liabilities 2019: $0Net Assets 2019: $75,1482019Assets 2020: $29,265Liabilities 2020: $210,000Net Assets 2020: -$180,7352020Assets 2021: $133,829Liabilities 2021: $440,000Net Assets 2021: -$306,1712021Assets 2022: $14,167Liabilities 2022: $1Net Assets 2022: $14,1672022Assets 2023: $91,199Liabilities 2023: $1Net Assets 2023: $91,1992023Assets 2024: $72,182Liabilities 2024: $0Net Assets 2024: $72,1822024

Highlighted filing

2019

Assets$75,148
Liabilities$0
Net Assets$75,148

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $50,000Expenses 2018: $7,491Net Income 2018: $42,5092018Revenue 2019: $210,000Expenses 2019: $177,336Net Income 2019: $32,6642019Revenue 2020: $10,000Expenses 2020: $55,883Net Income 2020: -$45,8832020Revenue 2021: $0Expenses 2021: $125,436Net Income 2021: -$125,4362021Revenue 2022: $480,638Expenses 2022: $160,300Net Income 2022: $320,3382022Revenue 2023: $175,000Expenses 2023: $97,968Net Income 2023: $77,0322023Revenue 2024: $0Expenses 2024: $19,017Net Income 2024: -$19,0172024

Highlighted filing

2019

Revenue$210,000
Expenses$177,336
Net Income$32,664
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 13, 2020
Return Version
2019v5.0
Gross Receipts
$210,000
Mission and Program Overview

Mission

See Sch O

Conduct research, perform studies, collect data, and catalyze scientific progress and innovation to create impactful solutions and discoveries for the benefit of the public; engage in activities that bridge science, technology and human values through cross-disciplinary collaborations; coordinate with other organizations to integrate unique expertise and research findings for the purpose of bringing together critical human and material resources to solve challeging community problems; support scientific research and innovation by empowering scientists and researchers, working collaboratively, in a quest to seek solutions to a myriad of issues and problems in areas dealing with neuroscience, human values, empathy, altruism, well-being, and mental health; sponsor public discussion forums, activities, and conferences; provide a repository of knowledge for the community; support young as well as experienced researchers and professionals derived from the countries of brazil and united state

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$42,509$75,148▲ $32,639
Total Assets$42,509$75,148▲ $32,639
Liabilities
Other Liabilities$25--
Total Liabilities$25$0▼ $25
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,484$75,148▲ $32,664
Total Net Assets Fund Balance$42,484$75,148▲ $32,664
Total Liabilities and Net Assets / Fund Balance$42,509$75,148▲ $32,639
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jorge MollTrustee & Pr
Revenue and Support

Revenue Composition

Contributions and Grants
$210,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$210,000
Change in Net Assets
$32,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$150,804
Other Expenses$26,532
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$128,804--$128,804
Grants to Domestic Individuals$22,000--$22,000
Fees for Services Management-$16,500-$16,500
Fees for Services Legal-$4,778-$4,778
Fees for Services Other-$3,364-$3,364
Fees for Services Accounting-$1,890-$1,890
Total Functional Expenses$150,804$26,532$0$177,336
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brazil at Silicon Valley IncEmerald Hills, CA501(c)Education$50,000
Stanford UniversityStanford, CA501(c)Research$50,000
Laboratories for Fundamental ResearPalo Alto, CA-Research Sponsorship$19,464
Friends of Kings College London AssWilmington, DE501(c)Scholarship$9,340
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Scients Institute
EIN
83-1681707
Phone
4152428830
Address
2124 CORNELL STREET, PALO ALTO, CA 94306-1319

Signing Officer

Name
Jorge Moll
Title
Trustee & President
Phone
3053794400
Signed
2020-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jorge Moll
Formed
2018
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
0

Preparer

Firm
Magno & Associates Pl
Address
1200 BRICKELL AVE STE 1220, MIAMI, FL 33131
Preparer
Erick Magno
Phone
3053794400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Conduct research, perform studies, collect data, and catalyze scientific progress and innovation to create impactful solutions and discoveries for the benefit of the public; engage in activities that bridge science, technology and human values through cross-disciplinary collaborations; coordinate with other organizations to integrate unique expertise and research findings for the purpose of bringing together critical human and material resources to solve challeging community problems; support scientific research and innovation by empowering scientists and researchers, working collaboratively, in a quest to seek solutions to a myriad of issues and problems in areas dealing with neuroscience, human values, empathy, altruism, well-being, and mental health; sponsor public discussion forums, activities, and conferences; provide a repository of knowledge for the community; support young as well as experienced researchers and professionals derived from the countries of brazil and united states to pursue higher scientific and human delovepment goals; disseminate and share information to educate the public, institutions of higher learning, public policy makers, organizations, and other scientists and researchers regarding the findings of the institute; study and understand the nature of human empathy, altruism, and fulfillment and how these attributes can be nurtered, advanced, and improved in the human population for the benefit of society as a whole; identify and support creative, unorthodox, and promising scientific and technological approaches that often lack support from conventional sources that may be productive and useful in advancing societal, scientific, and technological improvements for the benefit of communities of people; develop new and fascinating technologies and methods for inferring cognitive and emotional states in human beings, involving at some levels, for instance, an undestanding of the relationship between human brains and artificial intelligence found in machines; and promote and provide fellowship programs, scholarships, workshops, and cross-institutional exchanges that advance the purpose of the trust.

Form 990, Page 2, Part III, Line 4A

1st exempt purpose sponsorship grants during 2019 included 01/29/2019 dr. Edwin may's sponsorship: 12,000; 01/29/2019 laboratories for fundamental research's sponsorship: 3,200; 02/20/2019 brazil @ silicon valley's sponsorship: 50,000; 06/04/2019 jordan grafman's sponsorship: 10,000; 07/31/2019 stanford university's sponsorship (presence affiliate fee): 50,000; 08/03/2019 laboratories for fundamental research's sponsorship: 15,000 08/03/2019 laboratories for fundamental research's sponsorship: 1,264; 10/30/2019 king's college's sponsorship: 9,340.

Form 990, Page 2, Part III, Line 4D

Sponsorship grants; 01/29/2019 dr. Edwin may's sponsorship: 12,000; 01/29/2019 laboratories for fundamental research's sponsorship: 3,200; 02/20/2019 brazil @ silicon valley's sponsorship: 50,000; 06/04/2019 jordan grafman's sponsorship: 10,000; 07/31/2019 stanford university's sponsorship (presence affiliate fee): 50,000; 08/03/2019 laboratories for fundamental research's sponsorship: 15,000 08/03/2019 laboratories for fundamental research's sponsorship: 1,264; 10/30/2019 king's college's sponsorship: 9,340.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONDUCT RESEARCH, PERFORM STUDIES, COLLECT DATA, AND CATALYZE SCIENTIFIC PROGRESS AND INNOVATION TO CREATE IMPACTFUL SOLUTIONS AND DISCOVERIES FOR THE BENEFIT OF THE PUBLIC; ENGAGE IN ACTIVITIES THAT BRIDGE SCIENCE, TECHNOLOGY AND HUMAN VALUES THROUGH CROSS-DISCIPLINARY COLLABORATIONS; COORDINATE WITH OTHER ORGANIZATIONS TO INTEGRATE UNIQUE EXPERTISE AND RESEARCH FINDINGS FOR THE PURPOSE OF BRINGING TOGETHER CRITICAL HUMAN AND MATERIAL RESOURCES TO SOLVE CHALLEGING COMMUNITY PROBLEMS; SUPPORT SCIENTIFIC RESEARCH AND INNOVATION BY EMPOWERING SCIENTISTS AND RESEARCHERS, WORKING COLLABORATIVELY, IN A QUEST TO SEEK SOLUTIONS TO A MYRIAD OF ISSUES AND PROBLEMS IN AREAS DEALING WITH NEUROSCIENCE, HUMAN VALUES, EMPATHY, ALTRUISM, WELL-BEING, AND MENTAL HEALTH; SPONSOR PUBLIC DISCUSSION FORUMS, ACTIVITIES, AND CONFERENCES; PROVIDE A REPOSITORY OF KNOWLEDGE FOR THE COMMUNITY; SUPPORT YOUNG AS WELL AS EXPERIENCED RESEARCHERS AND PROFESSIONALS DERIVED FROM THE COUNTRIES OF BRAZIL AND UNITED STATES TO PURSUE HIGHER SCIENTIFIC AND HUMAN DELOVEPMENT GOALS; DISSEMINATE AND SHARE INFORMATION TO EDUCATE THE PUBLIC, INSTITUTIONS OF HIGHER LEARNING, PUBLIC POLICY MAKERS, ORGANIZATIONS, AND OTHER SCIENTISTS AND RESEARCHERS REGARDING THE FINDINGS OF THE INSTITUTE; STUDY AND UNDERSTAND THE NATURE OF HUMAN EMPATHY, ALTRUISM, AND FULFILLMENT AND HOW THESE ATTRIBUTES CAN BE NURTERED, ADVANCED, AND IMPROVED IN THE HUMAN POPULATION FOR THE BENEFIT OF SOCIETY AS A WHOLE; IDENTIFY AND SUPPORT CREATIVE, UNORTHODOX, AND PROMISING SCIENTIFIC AND TECHNOLOGICAL APPROACHES THAT OFTEN LACK SUPPORT FROM CONVENTIONAL SOURCES THAT MAY BE PRODUCTIVE AND USEFUL IN ADVANCING SOCIETAL, SCIENTIFIC, AND TECHNOLOGICAL IMPROVEMENTS FOR THE BENEFIT OF COMMUNITIES OF PEOPLE; DEVELOP NEW AND FASCINATING TECHNOLOGIES AND METHODS FOR INFERRING COGNITIVE AND EMOTIONAL STATES IN HUMAN BEINGS, INVOLVING AT SOME LEVELS, FOR INSTANCE, AN UNDESTANDING OF THE RELATIONSHIP BETWEEN HUMAN BRAINS AND ARTIFICIAL INTELLIGENCE FOUND IN MACHINES; AND PROMOTE AND PROVIDE FELLOWSHIP PROGRAMS, SCHOLARSHIPS, WORKSHOPS, AND CROSS-INSTITUTIONAL EXCHANGES THAT ADVANCE THE PURPOSE OF THE TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ST EXEMPT PURPOSE SPONSORSHIP GRANTS DURING 2019 INCLUDED 01/29/2019 DR. EDWIN MAY'S SPONSORSHIP: 12,000; 01/29/2019 LABORATORIES FOR FUNDAMENTAL RESEARCH'S SPONSORSHIP: 3,200; 02/20/2019 BRAZIL @ SILICON VALLEY'S SPONSORSHIP: 50,000; 06/04/2019 JORDAN GRAFMAN'S SPONSORSHIP: 10,000; 07/31/2019 STANFORD UNIVERSITY'S SPONSORSHIP (PRESENCE AFFILIATE FEE): 50,000; 08/03/2019 LABORATORIES FOR FUNDAMENTAL RESEARCH'S SPONSORSHIP: 15,000 08/03/2019 LABORATORIES FOR FUNDAMENTAL RESEARCH'S SPONSORSHIP: 1,264; 10/30/2019 KING'S COLLEGE'S SPONSORSHIP: 9,340.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SPONSORSHIP GRANTS; 01/29/2019 DR. EDWIN MAY'S SPONSORSHIP: 12,000; 01/29/2019 LABORATORIES FOR FUNDAMENTAL RESEARCH'S SPONSORSHIP: 3,200; 02/20/2019 BRAZIL @ SILICON VALLEY'S SPONSORSHIP: 50,000; 06/04/2019 JORDAN GRAFMAN'S SPONSORSHIP: 10,000; 07/31/2019 STANFORD UNIVERSITY'S SPONSORSHIP (PRESENCE AFFILIATE FEE): 50,000; 08/03/2019 LABORATORIES FOR FUNDAMENTAL RESEARCH'S SPONSORSHIP: 15,000 08/03/2019 LABORATORIES FOR FUNDAMENTAL RESEARCH'S SPONSORSHIP: 1,264; 10/30/2019 KING'S COLLEGE'S SPONSORSHIP: 9,340.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
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