Civic Intelligence

Public Invention

990EZ • Fiscal year 2022 • EIN 83-4036254

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 07, 2023

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

58th percentile

0.00x

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

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

Liabilities / Revenue

58th percentile

0.00x

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

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

Net Margin

33rd percentile

-4.2%

Higher net margin than 33% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

22nd percentile

-20%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

223%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$15,530

Down $3,987 (-20%) from 2021

Net Assets

Down

$15,530

Down $3,987 (-20%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin33rd percentile

Revenue

Up

$94,448

Up $65,173 (+223%) from 2021

Expenses

Up

$98,435

Up $44,158 (+81%) from 2021

Net Income

Up

-$3,987

Up $21,015 (+84%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

2022

Assets$15,530
Liabilities$0
Net Assets$15,530
Open 2022 Filing

Operations Trend

Revenue Growth92nd percentile

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

2022

Revenue$94,448
Expenses$98,435
Net Income-$3,987
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 7, 2023
Return Version
2022v5.0
Gross Receipts
$94,448
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.

Program Services

DescriptionGrantsExpenses
Glia Injection-Moldable Open Source Tourniquet$36,250$0
NASA Ceramic Oxygen Generation Research Prototype$0$18,137
PolyVent Educational Platform Open Source ICU Ventilator-$16,587
VentMon-$2,080
General Purpose Alarm Device-$1,313
Ferrofluid Check Valve-$930
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marc JonesSecretary-$0--
Robert L ReadPresidentFT$0--
Stephanie LiuVice President-$0--
Adam RiggsDirector-$0--
Sarah Benson-KonfortyDirector-$0--
Sabia AbidiDirector-$0--
John GibbonsDirector-$0--
Martin SmithDirector-$0--
Victoria JaquaDirector-$0--
Avinash BaskaranDirector-$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
Title
President
Phone
5129136103
Signed
2023-04-07
Supplemental Narrative

Additional Explanations

Part I, Line 10

“Money raised on behalf of Glia, Inc., of Canada, to develop a free-libre open source injection-moldable tourniquet for Ukraine and others and deliver 1000 such tourniquets to Ukraine.”

Raw XML Appendix186 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/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt031186
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The "Gross Receipts" was a $22,400 research contract with NASA. This is highly related to our main mission, and also research from a government agency. Although this is open-source code which can be used by anybody, NASA is doing it for its purpose and not for the general public, therefore this is treated as gross receipts rather than a contribution.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Money raised on behalf of Glia, Inc., of Canada, to develop a free-libre open source injection-moldable tourniquet for Ukraine and others and deliver 1000 such tourniquets to Ukraine.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 10
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert L Read
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05129136103
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-07
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/ZIPCd0787042807
ReturnHeader/ReturnTs02023-04-07T22:16:07Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,530
Liabilities
$0
Net assets
$15,530
Revenue
$94,448
Expenses
$98,435
Net income
-$3,987
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