Civic Intelligence

Public Invention

990EZ • Fiscal year 2023 • EIN 83-4036254

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

1709 Norris DrAustin, TX 78704

(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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

38th percentile

-1.8%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

24th percentile

-19%

Faster asset growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

77%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$12,504

Down $3,026 (-19%) from 2022

Net Assets

Down

$12,504

Down $3,026 (-19%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$166,981

Up $72,533 (+77%) from 2022

Expenses

Up

$170,007

Up $71,572 (+73%) from 2022

Net Income

Up

-$3,026

Up $961 (+24%) from 2022

Historical Trend

Balance Sheet Trend

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

2023

Assets$12,504
Liabilities$0
Net Assets$12,504

Operations Trend

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

2023

Revenue$166,981
Expenses$170,007
Net Income-$3,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$166,981
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 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.

Program Services

DescriptionGrantsExpenses
For NASA, we delivered a digital control system for a revolutionary ceramic oxygen generator that has no moving parts. If deployed in rural clinics with unsteady O2 access, this technology could save hundreds of thousands of lives a year.-$106,290
The Global Open Source Quality Assurance System's first project is Global Distributed Tracking (GDT), a fully encrypted "last mile" tracker for medical supplies that does NOT require login or authentication. GDT has the potential to make global distribution of medical supplies trustworthy through transparency, fighting counterfeiting and low-quality goods.-$12,718
The PolyVent is the world's most open open source research and teaching mechanical ventilator. Any firm in an LMIC may choose to manufacture it as a medical device, drastically lower the price and increasing the availability of respiration support globally.-$10,162
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert L ReadPreseidentFT$0--
Marc T JonesDirector-$0--
Stephanie LiuVice-President-$0--
Sabia AbidiDirector-$0--
John K GibbonsDirector-$0--
Sarah Benson-KonfortyDirector-$0--
Avinash BaskaranDirector-$0--
Victoria JaquaDirector-$0--
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
2024-05-14
Supplemental Narrative

Additional Explanations

Part I, Line 16

Equipment: $17,912.50 -- Equipment is our largest expense. We purchase equipment for volunteer, unpaid engineers to prevent them having out of pocket expenses.

Part I, Line 16

Research -- $61.58 -- pay wall research papers

Part I, Line 16

Travel $6,501 -- All of our travel is to confereces of conventions. This year we presented at Maker Faire Bay Area and the IEEE IMBH conference in Pittsburgh, the American Society of Engineering Education, and the Open Source Hardware Alliance.

Part I, Line 16

Job Supplies -- $659 -- expendable supplies, such as jumper wire, solder, etc.

Part I, Line 16

Books -- $584 -- technical books required to be cited in our peer-reviewed publications.

Part I, Line 16

Bank Chargers and Fees -- $73.86

Part I, Line 16

PolyVent (deleted): -$2,706.39 : This year we shifted to "Fund accounting": but had left over expense categories.

Part I, Line 16

NASA-COG (deleted) : -$28.53 : This year we shifted to "Fund accounting", but had left over expense categories.

Part I, Line 16

Advertising and Marketing $3,952 -- This includes our website, MailChimp, and other expenses.

Part I, Line 16

Tools -- $324 -- Reusable tools, such as wire crimpers

Part I, Line 16

Meais and Entertainment $2,239 -- meals while traveling for conference presenters.

Part I, Line 16

Charitable Contributions -- $172.50 -- sometimes it was cheaper to buy a student a charitable membership than a full conference ticket

Part I, Line 16

Uncategorized Expenses -- $758 -- expenses that could not be categorized.

Part I, Line 16

Reconciliation Error -- $2,239 -- a reconciliation of an accounting error between 2022 and 2023

Part I, Line 16

Public Invention does not pay its board members, or its President and Founder, who acts as an executive director, in any way. This year we did a major contract for NASA to develop a digital control system for a Ceramic Oxygen Generator (COG). This technology can fill spacesuits and generate an oxidizer from the Martian atmosphere but more importantly, it can revolutionize the delivery of therapeutic oxygen, which is a miracle drug for those diseases that require it, in rural low- and middle-income countries. The PolyVent Ventilator is the worlds most open source education and research ventilator. The project was winding down, but has recently been delivered to Colorado Mesa University for both research and classroom instruction in 2024. Public Invention runs a number of small projects, each aimed at academic publication, which do not require large amounts of money, and so are not listed on this form. For example, we have developed a passive ferrofluid check valve that is a true invention. Public Invention is a driving part of a coalition of nonprofits in the Global Opens Source Quality Assurance Systems (GOSQAS) alliance. We are innovating the last-mile tracking of medical goods outside of normal inventory control systems with a camera based system that requires no authentication and no login at all. We hope this will lead to a revolution in the quality of medical supplies globally, an increase in medical philanthropy, and will fight counterfeiting. The expenditures listed on this form fell into no other categories and total $35,287

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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/ExplanationTxt0Equipment: $17,912.50 -- Equipment is our largest expense. We purchase equipment for volunteer, unpaid engineers to prevent them having out of pocket expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Research -- $61.58 -- pay wall research papers
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $6,501 -- All of our travel is to confereces of conventions. This year we presented at Maker Faire Bay Area and the IEEE IMBH conference in Pittsburgh, the American Society of Engineering Education, and the Open Source Hardware Alliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Job Supplies -- $659 -- expendable supplies, such as jumper wire, solder, etc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Books -- $584 -- technical books required to be cited in our peer-reviewed publications.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank Chargers and Fees -- $73.86
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PolyVent (deleted): -$2,706.39 : This year we shifted to "Fund accounting": but had left over expense categories.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NASA-COG (deleted) : -$28.53 : This year we shifted to "Fund accounting", but had left over expense categories.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Advertising and Marketing $3,952 -- This includes our website, MailChimp, and other expenses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Tools -- $324 -- Reusable tools, such as wire crimpers
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Meais and Entertainment $2,239 -- meals while traveling for conference presenters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Charitable Contributions -- $172.50 -- sometimes it was cheaper to buy a student a charitable membership than a full conference ticket
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Uncategorized Expenses -- $758 -- expenses that could not be categorized.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Public Invention does not pay its board members, or its President and Founder, who acts as an executive director, in any way. This year we did a major contract for NASA to develop a digital control system for a Ceramic Oxygen Generator (COG). This technology can fill spacesuits and generate an oxidizer from the Martian atmosphere but more importantly, it can revolutionize the delivery of therapeutic oxygen, which is a miracle drug for those diseases that require it, in rural low- and middle-income countries. The PolyVent Ventilator is the worlds most open source education and research ventilator. The project was winding down, but has recently been delivered to Colorado Mesa University for both research and classroom instruction in 2024. Public Invention runs a number of small projects, each aimed at academic publication, which do not require large amounts of money, and so are not listed on this form. For example, we have developed a passive ferrofluid check valve that is a true invention. Public Invention is a driving part of a coalition of nonprofits in the Global Opens Source Quality Assurance Systems (GOSQAS) alliance. We are innovating the last-mile tracking of medical goods outside of normal inventory control systems with a camera based system that requires no authentication and no login at all. We hope this will lead to a revolution in the quality of medical supplies globally, an increase in medical philanthropy, and will fight counterfeiting. The expenditures listed on this form fell into no other categories and total $35,287
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 16
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert L Read
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05129136103
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
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/ReturnTs02024-05-14T10:58:51Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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