Civic Intelligence

Public Invention

EIN 83-4036254 • 501(c)3 • Austin, TX

Profile

Public Invention forms teams that make humanitarian invention "in the public, for the public". Everything we do is fiercely open source and shared to all humanity. We strive to create new inventions that benefit the public, specifically the poor and distressed. As a side-effect we help our volunteers develop new technical and project management skills, making them better able to gain employment or attend graduate school or college. Our inventions focus on global health and sustainability.

1709 Norris DrAustin, TX 78704

www.pubinv.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

37th percentile

-4.2%

Higher net margin than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$265,409

Up $252,905 (+2023%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$265,409

Up $252,905 (+2023%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin37th percentile

Revenue

Up

$406,897

Up $239,916 (+144%) from 2023

Expenses

Down

$134,931

Down $35,076 (-21%) from 2023

Net Income

Up

$271,966

Up $274,992 (+9088%) from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2020: $43,720Liabilities 2020: $0Net Assets 2020: $43,7202020Assets 2021: $19,517Liabilities 2021: $0Net Assets 2021: $19,5172021Assets 2022: $15,530Liabilities 2022: $0Net Assets 2022: $15,5302022Assets 2023: $12,504Liabilities 2023: $0Net Assets 2023: $12,5042023Assets 2024: $265,409Liabilities 2024: $0Net Assets 2024: $265,4092024

Highlighted filing

2024

Assets$265,409
Liabilities$0
Net Assets$265,409
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2020: $88,748Expenses 2020: $51,139Net Income 2020: $37,6092020Revenue 2021: $29,275Expenses 2021: $54,277Net Income 2021: -$25,0022021Revenue 2022: $94,448Expenses 2022: $98,435Net Income 2022: -$3,9872022Revenue 2023: $166,981Expenses 2023: $170,007Net Income 2023: -$3,0262023Revenue 2024: $406,897Expenses 2024: $134,931Net Income 2024: $271,9662024

Highlighted filing

2024

Revenue$406,897
Expenses$134,931
Net Income$271,966
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$265,409
Liabilities
$0
Net assets
$265,409
Revenue
$406,897
Expenses
$134,931
Net income
$271,966
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$4.07$1.35$2.72
2023Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$1.67$1.70$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.94$0.98$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.29$0.54$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.89$0.51$0.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.0
Gross Receipts
$406,897
Mission and Program Overview

Mission

Public Invention is a non-profit dedicated to invention in the public, for the public. Our activities will consist of a research activities to create new inventions that benefit the public, specifically the poor and distressed. We will also engage in community building activities to help recruit volunteers interested in creating new inventions and helping develop and validate the skills necessary for those individuals be successful.

Public Invention seeks to alleviate poverty and educate by creating a movement for open-source hardware invention. We "Invent in the public, for the Public". Our work centers on humanitarian inventions, specifically in the biomedical space. We are working on a ceramic oxygen concentrator for NASA, a global distributed tracking system for medical supplies, a general purpose alarm device, a more efficient cooking stove for wood-based fires, and are developing a ferrofluid check valve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$12,504$265,409▲ $252,905
Savings and Temporary Cash Investments-$150,000-
Cash and Non-Interest-Bearing Accounts$12,504$115,409▲ $102,905
Total Assets$12,504$265,409▲ $252,905
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,504$265,409▲ $252,905
Total Liabilities and Net Assets / Fund Balance$12,504$265,409▲ $252,905
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Robert L ReadPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$406,897
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$282,055
Change in Net Assets
$271,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,931
Total Fundraising Expense$1,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$5,329-$5,329
All Other Expenses$0$2,966-$2,966
Advertising-$1,326$1,309$2,635
Office Expenses-$2,097-$2,097
Fees for Services Legal-$1,859-$1,859
Travel$1,627--$1,627
Other Expenses$741--$741
Total Functional Expenses$120,045$13,577$1,309$134,931
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
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
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

Part VI, Line 15A

“No board member is compensated. We have no regular employees; the President peformed the duties normal performed by an Executive Director without compensation.”

Part VI, Line 15B

“Nobody on the governing body is compensated by our bylaws. We have no other officers or key employees. The contract fees of low-level assistants is approved by the board.”

Part VI, Line 19

“In 2024 we did not make these documents public, though they were available on request.”

Filing and Contact Details

Filer

Filer Name
Public Invention
EIN
83-4036254
Phone
5129136103
Address
1709 Norris Dr, Austin, TX 78704

Signing Officer

Name
Robert L Read
Title
President
Phone
5129136103
Signed
2025-05-09

Organization Details

Principal Officer
Robert Read
Formed
2019
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25
Supplemental Narrative

Additional Explanations

Part III, Line 2

“In 2024 we significantly expanded work on our "Global Distributed Tracking (GDT)" project, which provides an open source software website for increasing trust through transparency in the world-wide supply chain of medical devices and disaster aid.”

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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/ExplanationTxt0In 2024 we significantly expanded work on our "Global Distributed Tracking (GDT)" project, which provides an open source software website for increasing trust through transparency in the world-wide supply chain of medical devices and disaster aid.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No board member is compensated. We have no regular employees; the President peformed the duties normal performed by an Executive Director without compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Nobody on the governing body is compensated by our bylaws. We have no other officers or key employees. The contract fees of low-level assistants is approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3In 2024 we did not make these documents public, though they were available on request.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert L Read
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05129136103
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PUBLIC INVENTION
ReturnHeader/Filer/BusinessNameControlTxt0PUBL
ReturnHeader/Filer/EIN0834036254
ReturnHeader/Filer/PhoneNum05129136103
ReturnHeader/Filer/USAddress/AddressLine1Txt01709 Norris Dr
ReturnHeader/Filer/USAddress/CityNm0Austin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078704
ReturnHeader/ReturnTs02025-05-09T20:40:52Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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