Civic Intelligence

Rethink Priorities

990 • Fiscal year 2022 • EIN 84-3896318

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 16, 2023

530 Divisadero Street PMB 796San Francisco, CA 94117

(202) 681-3090

Siviq Scores

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

Liabilities / Assets

40th percentile

0.10x

Higher debt load relative to assets than 40% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.09x

Higher debt load relative to revenue than 29% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

84th percentile

39%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

60th percentile

$209,119

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

94th percentile

81%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

124%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$11,526,295

Up $5,152,220 (+81%) from 2021

Net Assets

Up

$10,376,130

Up $5,024,165 (+94%) from 2021

Liabilities

Up

$1,150,165

Up $128,055 (+13%) from 2021

Revenue

Up

$12,759,144

Up $7,056,857 (+124%) from 2021

Expenses

Up

$7,734,979

Up $5,704,522 (+281%) from 2021

Net Income

Up

$5,024,165

Up $1,352,335 (+37%) from 2021

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2019: $1Liabilities 2019: $02019Assets 2020: $1,680,135Liabilities 2020: $0Net Assets 2020: $1,680,1352020Assets 2021: $6,374,075Liabilities 2021: $1,022,110Net Assets 2021: $5,351,9652021Assets 2022: $11,526,295Liabilities 2022: $1,150,165Net Assets 2022: $10,376,1302022Assets 2023: $16,266,409Liabilities 2023: $1,419,170Net Assets 2023: $14,847,2392023Assets 2024: $18,996,175Liabilities 2024: $3,928,031Net Assets 2024: $15,068,1442024

Highlighted filing

2022

Assets$11,526,295
Liabilities$1,150,165
Net Assets$10,376,130

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $2,165,350Expenses 2020: $485,215Net Income 2020: $1,680,1352020Revenue 2021: $5,702,287Expenses 2021: $2,030,457Net Income 2021: $3,671,8302021Revenue 2022: $12,759,144Expenses 2022: $7,734,979Net Income 2022: $5,024,1652022Revenue 2023: $20,897,904Expenses 2023: $14,326,795Net Income 2023: $6,571,1092023Revenue 2024: $20,599,841Expenses 2024: $20,378,936Net Income 2024: $220,9052024

Highlighted filing

2022

Revenue$12,759,144
Expenses$7,734,979
Net Income$5,024,165
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 16, 2023
Return Version
2022v5.0
Gross Receipts
$12,759,144
Mission and Program Overview

Mission

Rethink Priorities mission is to bridge the gap between charitable interventions and the most neglected causes by providing expedited, professional research valuable to the non-profit sector on an ongoing basis in the areas of animal welfare, existential risk mitigation, mental health, and global health and development.

Rethink Priorities' mission is to support organizations, researchers, and changemakers in efforts to generate the most significant possible charitable impact for others in the present and the long-term future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,659,522$5,560,589▲ $2,901,067
Savings and Temporary Cash Investments$2,502,003$5,028,508▲ $2,526,505
Accounts Receivable-$690,150-
Pledges and Grants Receivable$1,212,550$247,048▼ $965,502
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$6,374,075$11,526,295▲ $5,152,220
Other Assets Total-$0-
Liabilities
Deferred Revenue$1,022,110$1,061,188▲ $39,078
Accounts Payable and Accrued Expenses-$88,977-
Total Liabilities$1,022,110$1,150,165▲ $128,055
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,524,489$7,621,656▲ $3,097,167
Net Assets Without Donor Restrictions$827,476$2,754,474▲ $1,926,998
Total Net Assets Fund Balance$5,351,965$10,376,130▲ $5,024,165
Total Liabilities and Net Assets / Fund Balance$6,374,075$11,526,295▲ $5,152,220
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter Hurford Co-CEOFT$139,539$14,676$209,119
Marcus Davis Co-CEOPresidentFT$133,753$75,032$153,881
Abraham RoweCOOFT$128,411$15,868$144,279
Samara MendezSenior Economist-$116,963$26,232$143,195
David ReinsteinSenior Researcher-$118,084$15,551$133,635
Greer GosnellSenior Researcher-$118,700$11,218$129,918
Amanda El-DakhakhniSnr. Research Mgr.-$118,557$5,568$124,125
Jacob PeacockSnr. Research Mgr.-$112,217$9,022$121,239

Board Members and Trustees

NameTitle
Vicky BondDirector
Cameron Meyer Shorb DirSecretary
Ozzie Gooen DirTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Youth Marketing Connection-PO Box 9650PMB65660, Washington, DC 20090$161,250
Revenue and Support

Revenue Composition

Contributions and Grants
$11,487,954
Program Service Revenue
$1,239,580
Investment Income
$26,505
Other Revenue
$5,105
All Other Contributions
$11,487,954
Change in Net Assets
$5,024,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,759,144
Total Revenue per Audited Statements
$12,759,144
Total Revenue per Form 990
$12,759,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,475,079
Other Expenses$2,145,533
Total Fundraising Expense$119,330
Grants and Similar Amounts Paid$114,367
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,329,353$768,669$74,889$4,172,911
Fees for Services Other$724,402$325,543$99$1,050,044
Payroll Taxes$472,773$110,323$14,123$597,219
Travel$498,011$91,612$7,379$597,002
Current Officers, Directors, Trustees, and Key Employees$276,084$220,315$18,393$514,792
Other Employee Benefits$116,525$31,069-$147,594
Grants to Domestic Orgs$114,367--$114,367
Information Technology$29,634$65,970$3,762$99,366
Other Expenses$37,175$18,227$219$55,621
Pension Plan Contributions$33,238$9,325-$42,563
Office Expenses$18,117$14,647$40$32,804
Insurance$9,503$12,517-$22,020
Fees for Services Legal$800$17,240-$18,040
Fees for Services Accounting-$17,491-$17,491
Total Functional Expenses$5,871,141$1,744,508$119,330$7,734,979

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,734,979
Total Expenses per Audited Statements$7,734,979
Total Expenses per Form 990$7,734,979
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Holy Family UniversityPhiladelphia, PA-research$47,450
CSU Dominguez HillsCarson, CA501(c)(3)research$37,310
Uni of Southern MississippiHattiesburg, MS-research$29,607

International Summary

Employees
164
Spending
$2,859,380

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe/Iceland/GreenlandProgram servicesRemote research036$1,666,557
North AmericaProgram services-05$337,863
Europe/Iceland/GreenlandOperational support-036$252,257
East Asia/PacificProgram servicesRemote research04$182,784
South AmericaResearch-03$118,312
Europe/Iceland/GreenlandFundraising activitiesRemote research036$106,463
North AmericaOperational support-05$104,810
South AmericaCommunity Outreach-03$81,369
Europe/Iceland/GreenlandCommunity outreach-036$8,965
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

Form 990, Part VI, Section A, Line 4

Yes - our charitable purposes and mission were updated (to the version outlined above), as were rules on board member compensation (to allow us to pay a board member up to a few hours a week to help administer to duties of the board).

Form 990, Part VI, Section B, Line 11B

The board of directors will electronically review Form 990 and audited financial statements prior to submission. Submission will only occur upon majority vote by the board of directors.

Form 990, Part VI, Section B, Line 12C

All staff and board members declare conflicts of interest annually. Prior to financial decisions and programmatic decisions, conflicts are reviewed and adressed as relevant. Restrictions include TDOKEs recusing themselves from decision making processes.

Form 990, Part VI, Section B, Line 15A

Salaries for comparable roles at all levels of RP's title structure were pulled from similar organizations. RP uses a formula for setting most compensation, and exec compensation was compared to these salaries, with a target of salaries falling between the 25th and 75th percentile. This process last occurred in 2022.

Form 990, Part VI, Section B, Line 15B

Salaries for comparable roles at all levels of RP's title structure were pulled from similar organizations. RP uses a formula for setting most compensation, and staff compensation was compared to these salaries, with a target of salaries falling between the 25th and 75th percentile. This process last occurred in 2022.

Form 990, Part VI, Section C, Line 19

Governing documents and the conflict of interest policy are available upon request. Financial statements are available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Rethink Priorities
EIN
84-3896318
Phone
2026813090
Address
530 Divisadero Street PMB 796, San Francisco, CA 94117

Signing Officer

Name
Marcus Davis Co-CEO
Title
President
Signed
2023-08-16
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
33
Volunteers
2

Preparer

Firm
Cook & Company A Prof Actcy Corporation
Address
One Sansome St Ste 3500, San Francisco, CA 94104
Preparer
Douglas Cook PhDMPACPA
Phone
4156211112
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Rethink Priorities began fiscally sponsoring several projects, primarily Epoch - a research group investigating and forecasting AI development, and Condor Camp - an outreach program for promising undergraduates interested in research in Brazil.

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: OTHER PROGRAM SERVICES 5: Surveys: We conduct public opinion polling to understand how to communicate about effective charitable interventions, to better understand the public's opinion of important issues, and to inform advocacy organizations on how to best advance their missions. OTHER PROGRAM SERVICES 6: Global Health and Development: We research how organizations working to improve global health and reduce global poverty can best measure their impact. We conducted hundreds of hours of research in 2022, and communicated our findings to organizations working in the global poverty space and to the general public.

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IRS990/InsuranceGrp/ManagementAndGeneralAmt012517
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IRS990/MissionDesc0Rethink Priorities' mission is to support organizations, researchers, and changemakers in efforts to generate the most significant possible charitable impact for others in the present and the long-term future.
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IRS990/OtherExpensesGrp/Desc1Facility Rentals
IRS990/OtherExpensesGrp/Desc2Other
IRS990/OtherExpensesGrp/FundraisingAmt0426
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IRS990/OtherExpensesGrp/TotalAmt255621
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09325
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt033238
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IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0Research contracts
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01239580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01239580
IRS990/ProgSrvcAccomActy2Grp/Desc0AI Governance and Strategy: We conduct research into the governance of advanced artificial intelligence, to ensure that these technologies are developed safely. We distribute our research to key decision makers in the AI space.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01050745
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0432328
IRS990/ProgSrvcAccomActy3Grp/Desc0Global Health and Development: We research how organizations working to improve global health and reduce global poverty can best measure their impact. We conducted hundreds of hours of research in 2022, and communicated our findings to organizations working in the global poverty space and to the general public.
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IRS990/ReconcilationRevenueExpnssAmt05024165
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0From time to time, miscellaneous amounts are received during the course of performing the organization's tax-exempt function.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Other Income Explanation
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt019235479
IRS990ScheduleA/TotalSupportAmt019269354
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IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
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IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
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IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0In 2022, our research staff conducted interviews with policy makers and experts on the policy process in the US and EU. We also submitted an opinion regarding the rollback of policies preventing insects from being fed to animals as feed to the European Food Safety Administration.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II-B, Line 1i - Other Activities Description

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