Civic Intelligence

Hofvarpnir Studios

990 • Fiscal year 2022 • EIN 87-1984527

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 19, 2023

PO Box 15Bridgeport, CA 93517

(315) 617-3930

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$1,370,910

No earlier filing loaded for comparison.

Net Assets

$1,370,910

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$1,443,540

No earlier filing loaded for comparison.

Expenses

$85,217

No earlier filing loaded for comparison.

Net Income

$1,358,323

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2022: $1,370,910Liabilities 2022: $0Net Assets 2022: $1,370,9102022Assets 2023: $959,309Liabilities 2023: $0Net Assets 2023: $959,3092023Assets 2024: $572,247Liabilities 2024: $0Net Assets 2024: $572,2472024

Highlighted filing

2022

Assets$1,370,910
Liabilities$0
Net Assets$1,370,910

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2022: $1,443,540Expenses 2022: $85,217Net Income 2022: $1,358,3232022Revenue 2023: $59,716Expenses 2023: $471,317Net Income 2023: -$411,6012023Revenue 2024: $66,500Expenses 2024: $453,562Net Income 2024: -$387,0622024

Highlighted filing

2022

Revenue$1,443,540
Expenses$85,217
Net Income$1,358,323
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 19, 2023
Return Version
2022v5.0
Gross Receipts
$1,443,540
Mission and Program Overview

Mission

See Form 990, Part I, Line 1.

Hofvarpnir Studios believes artificial intelligence is a transformative technology in the 21st century that should be aligned with human preferences and behave as expected. As neural networks become more complex, studying them requires significant computational resources. The organization's mission is to bridge the gap between AI safety academics and high performance computing by providing the infrastructure they need to address challenges in developing safe AI systems. The organization is partnering with safety labs to build GPU clusters for large natural language models like GPT-3 and reinforcement learning workloads. The organization is also providing a smaller cluster for independent AI safety researchers. Overall, the organization's goal is to support and enable AI safety research through providing specialized computing infrastructure.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,587$185,429▲ $172,842
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$12,587$1,370,910▲ $1,358,323
Other Assets Total-$1,185,481-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,587$1,370,910▲ $1,358,323
Total Net Assets Fund Balance$12,587$1,370,910▲ $1,358,323
Total Liabilities and Net Assets / Fund Balance$12,587$1,370,910▲ $1,358,323

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,185,481--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shauna KravecPresident & CEO
Tom BrownDirector
Nova DasSarmaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,443,540
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,443,540
Change in Net Assets
$1,358,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$10,306--$10,306
Fees for Services Legal$3,200--$3,200
All Other Expenses$265--$265
Other Expenses$163--$163
Total Functional Expenses$85,217$0$0$85,217
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
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
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
No
Other officer compensation reviewed
No
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 11B

A copy of the Form 990 was provided to the officers and directors for review and comment prior to filing.

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

The organization monitors and enforces its compliance with the conflict of interest policy by requiring each director and officer to disclose, in writing, potential or actual conflicts of interest on an annual basis.

Form 990, Part VI, Section C, Line 18

The organization's Form 1023 and Form 990 returns are accessible to the public through the California Attorney General Charities Registry. The organization can also make such documents available upon written request.

Form 990, Part VI, Section C, Line 19

Documents subject to public disclosure or inspection are accessible through the California Attorney General Charities Registry or can be made available upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Hofvarpnir Studios
EIN
87-1984527
Phone
3156173930
Address
PO Box 15, Bridgeport, CA 93517

Signing Officer

Name
Nova DasSarma
Title
Treasurer
Signed
2023-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nova DasSarma
Formed
2021
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Tovella Dowling PC
Address
600 W Broadway Ste 660 San Diego, San Diego, CA 92101
Preparer
Julie U Nguyen Esq
Phone
6199309332
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872635810
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tovella Dowling PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 W Broadway Ste 660 San Diego
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Diego
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092101
ReturnHeader/PreparerPersonGrp/PhoneNum06199309332
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Julie U Nguyen Esq
ReturnHeader/ReturnTs02023-10-19T10:16:06-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Nova
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DasSarma
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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