Civic Intelligence

Public Invention

990EZ • Fiscal year 2020 • EIN 83-4036254

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 22, 2021

Organization Profilewww.pubinv.org
1709 Norris DrAustin, TX 78704-2807

(512) 913-6103

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

85th percentile

42%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

$43,720

No earlier filing loaded for comparison.

Net Assets

$43,720

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin85th percentile

Revenue

$88,748

No earlier filing loaded for comparison.

Expenses

$51,139

No earlier filing loaded for comparison.

Net Income

$37,609

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2020

Assets$43,720
Liabilities$0
Net Assets$43,720
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$88,748
Expenses$51,139
Net Income$37,609
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 22, 2021
Return Version
2020v4.0
Gross Receipts
$88,748
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.

Our purpose is to invent "In the public, for the Public" through research activities to create new inventions that benefit the public, specifically the poor and distressed. In 2020 we specifically began addressing the ventilator and oxygen concentrators shortages world-wide caused by COVID-19 by designing new open source respiration support devices.

Program Services

DescriptionGrantsExpenses
In fulfillment of a $20,000 grant, we spent $20,000 designing the open-source VentMon tester/monitor for pandemic ventilators, and gave 20 of these devices away free all around the world. This device allows engineering teams to test emergency ventilators and broken ventilators, potentially saving many lives. We granted $3100 to Helpful Engineering, a 501c3, as a matching grant to support two of their ventilator projects.$3,100$23,100
We purchased other equipment for the design and construction of the Moonrat portable incubator, and other hardware projects. Moonrat is an in-the-field battery powered incubator.$0$13,380
We created Public Invention Oxygen Concentrator, a research project to create an open source oxygen concentrator on a small scale.$0$2,246
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert Lee Read PhDPresident And FounderFT$0--
Stephanie LiuVice President-$0--
Adam RiggsDirector-$0--
Martin Smith PhDDirector-$0--
Keeshan PatelDirector-$0--
John GibbonsDirector-$0--
Nina BianchiDirector-$0--
Marc JonesDirector-$0--
Victoria JaquaDirector-$0--
Sabia Abidi PhDDirector-$0--
Avinash BaskaranDirector-$0--
Sarah Benson Konforty MDDirector-$0--
Victoria JaquaDirector-$0--
Filing and Contact Details

Filer

Filer Name
Public Invention
EIN
83-4036254
In Care Of
% Robert Read
Address
1709 NORRIS DR, AUSTIN, TX 78704-2807

Signing Officer

Name
Robert L Read
Title
President
Signed
2021-02-22
Supplemental Narrative

Additional Explanations

Part I, line 16

“| Other Expenses:, Amount:| Most expenses are physical microelectronics equipment to support various projects especially the VentMon (this year) a tester for pandemic ventilators., $43274|”

Raw XML Appendix165 raw XML fields

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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Robert Lee Read PhD
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Victoria Jaqua
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Sabia Abidi PhD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Avinash Baskaran
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11Sarah Benson Konforty MD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm12Victoria Jaqua
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President and Founder
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
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IRS990EZ/PrintingPublicationsPostageAmt05193
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1We purchased other equipment for the design and construction of the Moonrat portable incubator, and other hardware projects. Moonrat is an in-the-field battery powered incubator.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2We created Public Invention Oxygen Concentrator, a research project to create an open source oxygen concentrator on a small scale.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03100
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| Most expenses are physical microelectronics equipment to support various projects especially the VentMon (this year) a tester for pandemic ventilators., $43274|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 16
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert L Read
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PUBLIC INVENTION
ReturnHeader/Filer/BusinessNameControlTxt0PUBL
ReturnHeader/Filer/EIN0834036254
ReturnHeader/Filer/ForeignPhoneNum05129136103
ReturnHeader/Filer/InCareOfNm0% Robert Read
ReturnHeader/Filer/USAddress/AddressLine1Txt01709 NORRIS DR
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0787042807
ReturnHeader/ReturnTs02021-02-22T14:49:20-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,720
Liabilities
$0
Net assets
$43,720
Revenue
$88,748
Expenses
$51,139
Net income
$37,609
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