Civic Intelligence

Institute for Future Intelligence Inc

EIN 85-1383592 • 501(c)3 • Natick, MA

Profile

Become a leading institution in research and development that focuses on reimaging the relationship between human and machine and preparing for its profound impacts on society.

26 Rockland StreetNatick, MA 01760

intofuture.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.07x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.27x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

35th percentile

-1.4%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

85th percentile

31%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2023

Revenue Growth

83rd percentile

44%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2023

Assets

Down

$258,435

Down $17,026 (-6.2%) from 2023

Liabilities

Up

$304,920

Up $9,474 (+3.2%) from 2023

Net Assets

Down

-$46,485

Down $26,500 (-133%) from 2023

Revenue

Down

$1,081,250

Down $33,362 (-3.0%) from 2023

Expenses

Down

$1,107,750

Down $23,008 (-2.0%) from 2023

Net Income

Down

-$26,500

Down $10,354 (-64%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0-$100KAssets 2021: $159,426Liabilities 2021: $151,905Net Assets 2021: $7,5212021Assets 2022: $316,458Liabilities 2022: $320,297Net Assets 2022: -$3,8392022Assets 2023: $275,461Liabilities 2023: $295,446Net Assets 2023: -$19,9852023Assets 2024: $258,435Liabilities 2024: $304,920Net Assets 2024: -$46,4852024

Highlighted filing

2024

Assets$258,435
Liabilities$304,920
Net Assets-$46,485

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2021: $536,775Expenses 2021: $529,254Net Income 2021: $7,5212021Revenue 2022: $1,046,916Expenses 2022: $1,058,277Net Income 2022: -$11,3612022Revenue 2023: $1,114,612Expenses 2023: $1,130,758Net Income 2023: -$16,1462023Revenue 2024: $1,081,250Expenses 2024: $1,107,750Net Income 2024: -$26,5002024

Highlighted filing

2024

Revenue$1,081,250
Expenses$1,107,750
Net Income-$26,500

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Dec 25, 2025
Return Version
2023v6.0
Gross Receipts
$1,081,250
Mission and Program Overview

Mission

Become a leading institution in research and development that focuses on reimaging the relationship between human and machine and preparing for its profound impacts on society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$271,173$229,566▼ $41,607
Loans From Officers Directors$59,500$59,500→ $0
Cash and Non-Interest-Bearing Accounts$4,288$28,869▲ $24,581
Total Assets$275,461$258,435▼ $17,026
Liabilities
Accounts Payable and Accrued Expenses$235,946$245,420▲ $9,474
Total Liabilities$295,446$304,920▲ $9,474
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-19,985$-46,485▼ $26,500
Total Net Assets Fund Balance$-19,985$-46,485▼ $26,500
Total Liabilities and Net Assets / Fund Balance$275,461$258,435▼ $17,026
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles XieCEO/TreasurerFT$193,767$23,252$217,019
Dylan BulsecoSenior Vice PresidentPT$45,769$5,492$51,261
Kenneth YangCFO/Clerk-$3,091$371$3,462

Board Members and Trustees

NameTitle
Janice MokrosPresident
Alejandra MaganaDirector
Dave BursellDirector
Eric GirouxDirector
Larry WeathersDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$870,087
Program Service Revenue
$211,163
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-26,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,081,250
Total Revenue per Audited Statements
$1,081,250
Total Revenue per Form 990
$1,081,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$564,857
Other Expenses$542,893
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$358,406--$358,406
Current Officers, Directors, Trustees, and Key Employees$216,282$26,345-$242,627
Other Salaries and Wages$216,327--$216,327
Fees for Services Other$118,846--$118,846
Other Employee Benefits$67,109$3,531-$70,640
Fees for Services Accounting-$42,370-$42,370
Payroll Taxes$32,973$2,290-$35,263
Travel$8,585$266-$8,851
All Other Expenses$6,188$1,397-$7,585
Office Expenses$471$4,200-$4,671
Information Technology$2,164--$2,164
Total Functional Expenses$1,027,351$80,399$0$1,107,750

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,107,750
Total Expenses per Audited Statements$1,107,750
Total Expenses per Form 990$1,107,750
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$59,500$59,500→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
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 B, Line 12C

Board members and offices must disclose conflict of interest annually, to be reviewed and approved by the board.

Form 990, Part VI, Section B, Line 15

The compensation of the CEO is reviewed and approved by the board annually. The compensation of key employees and officers are reviewed by the CEO.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are all available upon request, but also available online with the MA attorney generals office.

Filing and Contact Details

Filer

Filer Name
Institute for Future Intelligence Inc
EIN
85-1383592
Phone
5086541781
Address
26 Rockland Street, Natick, MA 01760

Signing Officer

Name
Kenneth Yang
Title
CFO
Phone
5086541781
Signed
2025-12-25
Discuss with paid preparer
No

Organization Details

Principal Officer
Kenneth Yang
Formed
2020
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
7
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 205,240, Grants and allocations 0, Revenue 0 Integrating Data Science and Hands-on Experience into the Community College Biotechnology Classroom with Applications to Antibody Engineering - This project will introduce new antibody engineering modules to the biotechnology program at Kapiolani Community College. The first goal is to train students to enter the biotechnology workforce. The second goal is to demonstrate the importance of data science in biotechnology and biomanufacturing and to enhance the undergraduate experience. The third goal is to train students in the design, production, purification, and characterization of antibodies using the Design-Build-Test paradigm.

Form 990, Part III, Line 4D

Program Service Expenses 230,786, Grants and allocations 0, Revenue 0 Adventures in Drug Discovery - Institute for Future Intelligence IFI and the University of Florida UF will collaborate with diverse high schools in Florida, Hawaii, Maryland, Ohio, Rhode Island, and South Carolina to develop novel educational technologies and curriculum materials to help teachers and students teach and learn data science as a method for accelerating drug discovery. The key innovation will be Artificial Intelligence for Molecular Science AIMS, an integrated learning platform based on using visual and interactive technologies to open the opaque box of the science, data, and computation needed to find or design new drugs.

Form 990, Part III, Line 4D

Program Service Expenses 117,202, Grants and allocations 0, Revenue 0 Thermal Vision - The project goals are to 1 Design and implement scientific and pedagogical innovations empowered by advanced technology in the laboratory setting 2 Build a community of practice to support continuous faculty professional development with technology and 3 Conduct a multipronged research study to improve the products and generate knowledge significant to the STEM education community.

Form 990, Part III, Line 4D

Program Service Expenses 18,419, Grants and allocations 0, Revenue 0 In partnership with five high schools in Hawaii, Kapiolani Community College KCC and the Institute for Future Intelligence IFI develop innovative educational programs that engage community college and high school students to learn the knowledge and skills needed to take on the renewable energy challenge.

Form 990, Part III, Line 4D

Program Service Expenses 107,526, Grants and allocations 0, Revenue 0 The Institute for Future Intelligence IFI and the Pacific International Center for High Technology Research PICHTR collaborate to research and develop an integrated STEM curriculum focused on AgTech that connects traditional and modern practices in aquaculture to promote culturally responsive STEM education.

Form 990, Part III, Line 4D

Program Service Expenses 7,445, Grants and allocations 0, Revenue 0 Experiential Learning for Emerging Novel Technologies - A collaboration with Kapiolani Community College to inspire STEM majors

Form 990, Part IV, Section A, Line 8B

The board has no committees. The board acts as a whole with respect to all decisions presented to the board.

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

The 990 form is sent to all board members for review and approval prior to submission.

Form 990, Part XII, Line 2C

The board is responsible for overseeing the audit and selection of an independent audit firm.

Form 990, Part X, Line 1

The cash balance and accounts payable balance as shown on the form 990 are different than the audited financial statement due to reclassification.

Form 990, Part IX, Line 11G

Nonemployee contractor payments

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 205,240, Grants and allocations 0, Revenue 0 Integrating Data Science and Hands-on Experience into the Community College Biotechnology Classroom with Applications to Antibody Engineering - This project will introduce new antibody engineering modules to the biotechnology program at Kapiolani Community College. The first goal is to train students to enter the biotechnology workforce. The second goal is to demonstrate the importance of data science in biotechnology and biomanufacturing and to enhance the undergraduate experience. The third goal is to train students in the design, production, purification, and characterization of antibodies using the Design-Build-Test paradigm.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Program Service Expenses 230,786, Grants and allocations 0, Revenue 0 Adventures in Drug Discovery - Institute for Future Intelligence IFI and the University of Florida UF will collaborate with diverse high schools in Florida, Hawaii, Maryland, Ohio, Rhode Island, and South Carolina to develop novel educational technologies and curriculum materials to help teachers and students teach and learn data science as a method for accelerating drug discovery. The key innovation will be Artificial Intelligence for Molecular Science AIMS, an integrated learning platform based on using visual and interactive technologies to open the opaque box of the science, data, and computation needed to find or design new drugs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Program Service Expenses 117,202, Grants and allocations 0, Revenue 0 Thermal Vision - The project goals are to 1 Design and implement scientific and pedagogical innovations empowered by advanced technology in the laboratory setting 2 Build a community of practice to support continuous faculty professional development with technology and 3 Conduct a multipronged research study to improve the products and generate knowledge significant to the STEM education community.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program Service Expenses 18,419, Grants and allocations 0, Revenue 0 In partnership with five high schools in Hawaii, Kapiolani Community College KCC and the Institute for Future Intelligence IFI develop innovative educational programs that engage community college and high school students to learn the knowledge and skills needed to take on the renewable energy challenge.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Program Service Expenses 107,526, Grants and allocations 0, Revenue 0 The Institute for Future Intelligence IFI and the Pacific International Center for High Technology Research PICHTR collaborate to research and develop an integrated STEM curriculum focused on AgTech that connects traditional and modern practices in aquaculture to promote culturally responsive STEM education.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program Service Expenses 7,445, Grants and allocations 0, Revenue 0 Experiential Learning for Emerging Novel Technologies - A collaboration with Kapiolani Community College to inspire STEM majors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The board has no committees. The board acts as a whole with respect to all decisions presented to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The 990 form is sent to all board members for review and approval prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Board members and offices must disclose conflict of interest annually, to be reviewed and approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The compensation of the CEO is reviewed and approved by the board annually. The compensation of key employees and officers are reviewed by the CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10The governing documents, conflict of interest policy, and financial statements are all available upon request, but also available online with the MA attorney generals office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11The board is responsible for overseeing the audit and selection of an independent audit firm.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12The cash balance and accounts payable balance as shown on the form 990 are different than the audited financial statement due to reclassification.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Nonemployee contractor payments
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IV, Section A, Line 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part V, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part XII, Line 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part X, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 11g
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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