Civic Intelligence

Far AI Inc

EIN 92-0692207 • 501(c)3 • San Diego, CA

Profile

Far ai conducts and supports research that furthers the likelihood that advanced artificial intelligence is beneficial and aligned with human values.

501 W Broadway Ste 1540San Diego, CA 92101

far.ai

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

0.02x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

93rd percentile

65%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

98th percentile

198%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

201%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$23,022,514

Up $15,298,139 (+198%) from 2023

Liabilities

Down

$562,647

Down $392,630 (-41%) from 2023

Net Assets

Up

$22,459,867

Up $15,690,769 (+232%) from 2023

Operations
Liabilities / Revenue14th percentileNet Margin93rd percentile

Revenue

Up

$24,293,765

Up $16,217,451 (+201%) from 2023

Expenses

Up

$8,602,996

Up $5,802,098 (+207%) from 2023

Net Income

Up

$15,690,769

Up $10,415,353 (+197%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

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

$30M$20M$10M$0Assets 2022: $1,493,634Liabilities 2022: $0Net Assets 2022: $1,493,6342022Assets 2023: $7,724,375Liabilities 2023: $955,277Net Assets 2023: $6,769,0982023Assets 2024: $23,022,514Liabilities 2024: $562,647Net Assets 2024: $22,459,8672024

Highlighted filing

2024

Assets$23,022,514
Liabilities$562,647
Net Assets$22,459,867
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$30M$20M$10M$0Revenue 2022: $1,507,686Expenses 2022: $14,052Net Income 2022: $1,493,6342022Revenue 2023: $8,076,314Expenses 2023: $2,800,898Net Income 2023: $5,275,4162023Revenue 2024: $24,293,765Expenses 2024: $8,602,996Net Income 2024: $15,690,7692024

Highlighted filing

2024

Revenue$24,293,765
Expenses$8,602,996
Net Income$15,690,769
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$23,022,514
Liabilities
$562,647
Net assets
$22,459,867
Revenue
$24,293,765
Expenses
$8,602,996
Net income
$15,690,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.0$0.56$22.5$24.3$8.60$15.7
2023Detailed filing. Detailed filing data is available for this year.$7.72$0.96$6.77$8.08$2.80$5.28
2022Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$1.51$0.01$1.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$24,293,765
Mission and Program Overview

Mission

Far ai conducts and supports research that furthers the likelihood that advanced artificial intelligence is beneficial and aligned with human values.

Founded in 2022, far.ai, inc. Is a california non-profit dedicated to making advanced ai safe and beneficial for everyone. Far.ai conducts and supports technical ai research, continued on sch o

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,194,234$19,403,689▲ $12,209,455
Accounts Receivable$211,253$3,081,739▲ $2,870,486
Land, Buildings, and Equipment, Net$72,060$111,178▲ $39,118
Prepaid Expenses and Deferred Charges$722$20,330▲ $19,608
Intangible Assets$10,141$7,605▼ $2,536
Total Assets$7,724,375$23,022,514▲ $15,298,139
Other Assets Total$235,965$397,973▲ $162,008
Liabilities
Deferred Revenue$417,279--
Other Liabilities$447,731$376,683▼ $71,048
Accounts Payable and Accrued Expenses$90,267$185,964▲ $95,697
Total Liabilities$955,277$562,647▼ $392,630
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,425,952$14,797,659▲ $13,371,707
Net Assets Without Donor Restrictions$5,343,146$7,662,208▲ $2,319,062
Total Net Assets Fund Balance$6,769,098$22,459,867▲ $15,690,769
Total Liabilities and Net Assets / Fund Balance$7,724,375$23,022,514▲ $15,298,139

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$111,178$23,366$134,544
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adam GleavePresident/CEOFT$229,331$8,563$237,894
Karl BerzinsChief Operating OfficerFT$182,641$8,273$190,914
Conor McgurkFiscally Sponsored Project DirectorFT$156,487$8,080$164,567
Benjamin GoldhaberDirector, Far.labsFT$151,332$9,369$160,701
Adria Garriga AlonsoResearch ScientistFT$135,623$8,432$144,055
Ian MckenzieResearch EngineerFT$135,342$5,956$141,298

Board Members and Trustees

NameTitle
Lawrence ChanSecretary
Sawyer BernathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,254,628
Program Service Revenue
$429,091
Investment Income
$610,046
Other Revenue
$0
All Other Contributions
$23,254,628
Change in Net Assets
$15,690,769

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,293,765
Total Revenue per Audited Statements
$24,293,765
Total Revenue per Form 990
$24,293,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,878,527
Salaries, Compensation, and Employee Benefits$2,264,469
Grants and Similar Amounts Paid$1,460,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$1,924,102$1,719-$1,925,821
Other Salaries and Wages$1,221,586$355,589-$1,577,175
Foreign Grants$1,460,000--$1,460,000
Fees for Services Other$713,150$259,720-$972,870
Travel$526,183$49,866-$576,049
Occupancy$517,031$244-$517,275
Current Officers, Directors, Trustees, and Key Employees$332,129$96,679-$428,808
Office Expenses$125,698$87,733-$213,431
Payroll Taxes$123,397$35,919-$159,316
Fees for Services Legal$32,550$67,363-$99,913
Other Employee Benefits$76,811$22,359-$99,170
Fees for Services Accounting$22,363$46,281-$68,644
Advertising$9,641$28,308-$37,949
Depreciation Depletion-$17,072-$17,072
Insurance$4,659$11,072-$15,731
Other Expenses$428,083$350-$350
Total Functional Expenses$7,517,383$1,085,613$0$8,602,996

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,602,996
Total Expenses per Audited Statements$8,602,996
Total Expenses per Form 990$8,602,996
International Activity

International Summary

Spending
$1,460,000

International Compliance

Foreign grant records maintained
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe Including Iceland and GreenlandGrants to Recipients---$1,460,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$331,626
Right of Use Liability$45,057
Security Deposits-
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
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 11B

“The 990 is provided to the board of directors for review and approval. The final version is distributed to all board members prior to filing.”

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

“The board of directors decided the salary and benefits of the executive director of the organization. The board, which includes independent members, have assessed fair and equitable compensation based on compensations of managers of organizations of similar size, field, location, and non-profit nature to the organization.”

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

“Wages and salaries of staff are determined by the executive director, with oversight of the board of directors. The wages and salaries are based upon compensation of employees of organizations of similar size, field, location, and non-profit nature to the organization.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available upon written request to the organization.”

Filing and Contact Details

Filer

Filer Name
Far Ai Inc
EIN
92-0692207
Phone
7074353451
Address
501 W BROADWAY STE 1540, SAN DIEGO, CA 92101

Signing Officer

Name
Adam Gleave
Title
CEO and President
Phone
7074353451
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Gleave
Formed
2022
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
22
Volunteers
17

Preparer

Firm
Alta CPA Group
Address
59 Franklin St 2nd Floor, Annapolis, MD 21401
Preparer
Jeffrey Griffith
Phone
4103495101
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 1,460,000, Grants and allocations 1,460,000, Revenue 0 RESEARCH GRANTMAKING FAR.AI ADMINISTERED A TECHNICAL AI RESEARCH GRANTMAKING PROGRAM TO SUPPORT RESEARCH PROJECTS. IN 2024, WE FACILITATED GRANTS TOTALING 1.46 MILLION TO SUBGRANTEES.”

Form 990, Part I, Line 1

“Mission continued fosters global coordination, and advances understanding of ai risks and opportunities. The organization also supports the bay area ai research community through a coworking space far labs and hosts events connecting researchers, policymakers, and industry leaders.”

Form 990, Part III, Line 1

“Mission continued fosters global coordination, and advances understanding of ai risks and opportunities. The organization also supports the bay area ai research community through a coworking space far labs and hosts events connecting researchers, policymakers, and industry leaders.”

Form 990, Part IX, Line 11G

“Program professional fees 713,150, admin professional fees 259,720.”

Financial Statement Notes

X 2

“The internal revenue service and the california franchise tax board have determined that the organization is exempt from federal and state income taxes under irc 501c3 and california rtc 23701d. Far has evaluated its current tax positions as of december 31, 2024 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. Fars tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH HUB AND COWORKING SPACE FAR.AI OPERATED A COLLABORATIVE RESEARCH HUB IN BERKELEY, PROVIDING A DEDICATED COWORKING SPACE AND IN PERSON PROGRAMS FOR RESEARCHERS AND ORGANIZATIONS WORKING ON CORE AI SECURITY, SAFETY AND GOVERNANCE CHALLENGES. HOSTING 40 TO 50 MEMBERS, THE HUB FACILITATED KNOWLEDGE EXCHANGE THROUGH WEEKLY SEMINARS WHERE RESEARCHERS AND FOUNDERS PRESENTED THEIR WORK TO THE COMMUNITY AND RAN A TEAM-IN-RESIDENCE PROGRAM DESIGNED TO SUPPORT NEW ORGANIZATIONS IN THIS FIELD.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EVENTS AND WORKSHOPS FAR.AI HOSTED AND FACILITATED TECHNICAL WORKSHOPS, MULTI-DAY CONVENINGS, AND COORDINATION EVENTS IN 2024. THESE INCLUDED LARGE-SCALE ALIGNMENT WORKSHOPS IN THE BAY AREA AND EUROPE, AS WELL AS SMALLER SPECIALIZED SESSIONS WITH RESEARCHERS, PRACTITIONERS, INDUSTRY PARTNERS, AND POLICYMAKERS. THESE EVENTS SUPPORTED COLLABORATION ON KEY TECHNICAL AND GOVERNANCE CHALLENGES IN CURRENT AND EMERGING AI SYSTEMS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD HAVE DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER IRC 501C3 AND CALIFORNIA RTC 23701D. FAR HAS EVALUATED ITS CURRENT TAX POSITIONS AS OF DECEMBER 31, 2024 AND IS NOT AWARE OF ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. FARS TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3CONOR MCGURK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR, FAR.LABS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3FISCALLY SPONSORED PROJECT DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 1,460,000, Grants and allocations 1,460,000, Revenue 0 RESEARCH GRANTMAKING FAR.AI ADMINISTERED A TECHNICAL AI RESEARCH GRANTMAKING PROGRAM TO SUPPORT RESEARCH PROJECTS. IN 2024, WE FACILITATED GRANTS TOTALING 1.46 MILLION TO SUBGRANTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISSION CONTINUED FOSTERS GLOBAL COORDINATION, AND ADVANCES UNDERSTANDING OF AI RISKS AND OPPORTUNITIES. THE ORGANIZATION ALSO SUPPORTS THE BAY AREA AI RESEARCH COMMUNITY THROUGH A COWORKING SPACE FAR LABS AND HOSTS EVENTS CONNECTING RESEARCHERS, POLICYMAKERS, AND INDUSTRY LEADERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISSION CONTINUED FOSTERS GLOBAL COORDINATION, AND ADVANCES UNDERSTANDING OF AI RISKS AND OPPORTUNITIES. THE ORGANIZATION ALSO SUPPORTS THE BAY AREA AI RESEARCH COMMUNITY THROUGH A COWORKING SPACE FAR LABS AND HOSTS EVENTS CONNECTING RESEARCHERS, POLICYMAKERS, AND INDUSTRY LEADERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. THE FINAL VERSION IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS DECIDED THE SALARY AND BENEFITS OF THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE BOARD, WHICH INCLUDES INDEPENDENT MEMBERS, HAVE ASSESSED FAIR AND EQUITABLE COMPENSATION BASED ON COMPENSATIONS OF MANAGERS OF ORGANIZATIONS OF SIMILAR SIZE, FIELD, LOCATION, AND NON-PROFIT NATURE TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WAGES AND SALARIES OF STAFF ARE DETERMINED BY THE EXECUTIVE DIRECTOR, WITH OVERSIGHT OF THE BOARD OF DIRECTORS. THE WAGES AND SALARIES ARE BASED UPON COMPENSATION OF EMPLOYEES OF ORGANIZATIONS OF SIMILAR SIZE, FIELD, LOCATION, AND NON-PROFIT NATURE TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROGRAM PROFESSIONAL FEES 713,150, ADMIN PROFESSIONAL FEES 259,720.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
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