Civic Intelligence

Institute for Future Intelligence Inc.

990 • Fiscal year 2023 • EIN 85-1383592

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 01, 2025

26 Rockland StreetNatick, MA 01760

(508) 654-1781

Siviq Scores

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

Liabilities / Assets

95th percentile

1.07x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.27x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

36th percentile

-1.4%

Higher net margin than 36% of similar nonprofits.

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

Top Officer Pay

91st percentile

$212,881

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

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

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

6.5%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$275,461

Down $40,997 (-13%) from 2022

Net Assets

Down

-$19,985

Down $16,146 (-421%) from 2022

Liabilities

Down

$295,446

Down $24,851 (-7.8%) from 2022

Revenue

Up

$1,114,612

Up $67,696 (+6.5%) from 2022

Expenses

Up

$1,130,758

Up $72,481 (+6.8%) from 2022

Net Income

Down

-$16,146

Down $4,785 (-42%) from 2022

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$275,461
Liabilities$295,446
Net Assets-$19,985

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$1,114,612
Expenses$1,130,758
Net Income-$16,146
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 1, 2025
Return Version
2022v5.0
Gross Receipts
$1,114,612
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$278,228$271,173▼ $7,055
Loans From Officers Directors$59,500$59,500→ $0
Cash and Non-Interest-Bearing Accounts$38,230$4,288▼ $33,942
Total Assets$316,458$275,461▼ $40,997
Liabilities
Accounts Payable and Accrued Expenses$260,797$235,946▼ $24,851
Total Liabilities$320,297$295,446▼ $24,851
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,839$-19,985▼ $16,146
Total Net Assets Fund Balance$-3,839$-19,985▼ $16,146
Total Liabilities and Net Assets / Fund Balance$316,458$275,461▼ $40,997
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles XieCEO/TreasurerFT$190,072$23,409$213,481
Dylan BulsecoSenior Vice PresidentPT$20,561$2,467$23,028
Kenneth YangCFO/ClerkPT$13,563$1,628$15,191

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$787,428
Program Service Revenue
$327,184
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-16,146
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$607,527
Salaries, Compensation, and Employee Benefits$523,231
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$210,536$13,660-$224,196
Other Salaries and Wages$199,810--$199,810
Fees for Services Other$28,593$40,710-$69,303
Pension Plan Contributions$47,051$1,543-$48,594
Payroll Taxes$29,490$1,445-$30,935
Other Employee Benefits$19,138$558-$19,696
Fees for Services Accounting-$5,178-$5,178
Information Technology$2,700--$2,700
Travel$2,015--$2,015
Office Expenses$532$430-$962
Other Expenses$233$177-$410
Insurance-$313-$313
Total Functional Expenses$1,066,744$64,014$0$1,130,758
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
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
2025-08-01
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 28,326, 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 5,993, 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 3,982, 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 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.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Charles Xie
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 28,326, 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 5,993, 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 3,982, 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/ExplanationTxt3The board has no committees. The board acts as a whole with respect to all decisions presented to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 990 form is sent to all board members for review and approval prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board members and offices must disclose conflict of interest annually, to be reviewed and approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The 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/ExplanationTxt7The 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/ExplanationTxt8The board is responsible for overseeing the audit and selection of an independent audit firm.
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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 IV, Section A, Line 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part V, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2C
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-19985
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IRS990/TotalOtherProgSrvcExpenseAmt038301
IRS990/TotalProgramServiceExpensesAmt01114612
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Kenneth Yang
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ReturnHeader/BusinessOfficerGrp/PhoneNum05086541781
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Institute for Future Intelligence Inc
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ReturnHeader/Filer/PhoneNum05086541781
ReturnHeader/Filer/USAddress/AddressLine1Txt026 Rockland Street
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ReturnHeader/ReturnTs02025-08-23T04:31:33-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

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