Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
7th percentile
Faster asset growth than 7% of similar nonprofits.
Revenue Growth
11th percentile
Faster revenue growth than 11% of similar nonprofits.
Balance Sheet
Assets
Down$19,517
Down $24,203 (-55%) from 2020
Net Assets
Down$19,517
Down $24,203 (-55%) from 2020
Liabilities
Flat$0
Flat from 2020
Revenue And Expenses
Revenue
Down$29,275
Down $59,473 (-67%) from 2020
Expenses
Up$54,277
Up $3,138 (+6.1%) from 2020
Net Income
Down-$25,002
Down $62,611 (-166%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Mar 30, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $29,275
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.
We "Invent in the public, for the Public." We research new inventions that benefit the public, specifically the poor and distressed. We engage in community building activities (such as conferences) to help recruit volunteers interested in creating new inventions and helping develop and validate the sills necessary for those individuals to be successful. In 2021, we primarily worked on humanitarian engineering in the form of open-source ventilators, oxygen concentrators, and test equipment. We maintained our programs in mathematical publication and water quality analysis.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PolyVent: An open source mechanical ventilator for education and pre-clinical human ventilation. Prototype exists, and will be reported on academic journals. Someday businesses may seek FDA approval of derived designs. | $0 | $17,412 |
| VentMon: An open hardware ventilation tester and analyzer. We continued to give away our remaining VentMons to over a dozen engineering and research teams worldwide. This was highly praised by some teams (others did not use it.) Associated free software standards data standards and libraries are an important part (PIRDS, PIRCS) . | - | $16,725 |
| Moonrat: A portable battery-powered incubator. We continue the development of a physical prototype for water quality analysis in rural locations (without reliable electricity.) | - | $1,456 |
| EcoPot: A highly efficient cooking pot. As a capstone engineering project at Rice University, a team developed a cooking pot which may be 42% more efficient when cooking over an open wood fire. Physical prototypes were tested and research continues. | - | $934 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Robert L Read PhD | President And Treasurer | FT | $0 | - | - |
| Stephanie Liu | Vice President | - | $0 | - | - |
| Martin Smith PhD | Director | - | $0 | - | - |
| Adam Riggs | Director | - | $0 | - | - |
| Avinash Baskaran | Director | - | $0 | - | - |
| John Gibbons | Director | - | $0 | - | - |
| Nina Bianchi | Director | - | $0 | - | - |
| Marc Jones | Director | - | $0 | - | - |
| Victoria Jaqua | Director | - | $0 | - | - |
| Sabia Abidi PhD | Director | - | $0 | - | - |
| Sarh Benson-Konforty MD | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Public Invention
- EIN
- 83-4036254
- Phone
- 5129136103
- Address
- 1709 NORRIS DR, AUSTIN, TX 78704-2807
Signing Officer
- Name
- Robert L Read PhD
- Title
- President and Treasurer
- Phone
- 5129136103
- Signed
- 2022-03-30
Supplemental Narrative
Additional Explanations
Part I, Line 10
“This was small matching grant to Helpful Engineering, a US 501(c)3 specifically to raise money for OpenVentBristol and Project Taurus”
Part I, Line 16
“These expenses were equipment and supplies purchased and for actually invention programs, plus a new Computer, and $970 for our website hosting. By far the largest expense ($17,411.87) was for the PolyVent program, an open-source pandemic ventilator. The Moonrat portable incububator cost $1,456. The EcoPot efficient cooking pot cost $933.”
Part I, Line 20
“President and founder Robert L. Read made personal donations of $799 which were not accounted as general incoming donations due to accounting errors or debt accrued to him in the previous year.”
Raw XML Appendix181 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | This was small matching grant to Helpful Engineering, a US 501(c)3 specifically to raise money for OpenVentBristol and Project Taurus |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | These expenses were equipment and supplies purchased and for actually invention programs, plus a new Computer, and $970 for our website hosting. By far the largest expense ($17,411.87) was for the PolyVent program, an open-source pandemic ventilator. The Moonrat portable incububator cost $1,456. The EcoPot efficient cooking pot cost $933. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | President and founder Robert L. Read made personal donations of $799 which were not accounted as general incoming donations due to accounting errors or debt accrued to him in the previous year. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I, Line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part I, Line 20 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
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| ReturnHeader/ReturnTs | 0 | 2022-03-30T21:32:56Z |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $19,517
- Liabilities
- $0
- Net assets
- $19,517
- Revenue
- $29,275
- Expenses
- $54,277
- Net income
- -$25,002