Totals
- Total revenue
- $6,909,526
- Total expenses
- $1,695,493
- Contributions and grants received
- $6,870,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $34,945
- Other revenue
- $4,581
- Total assets, end of year
- $6,316,979
- Total liabilities, end of year
- $1,102,946
- Net assets or fund balances, end of year
- $5,214,033
- Program services expenses (Part IX)
- $1,179,128
- Management and general expenses
- $439,947
- Fundraising expenses
- $76,418
- Program service expenses (Part III)
- $1,179,128
Program services were 69.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$6,870,000
-
3 · Investment income
total $34,945 · excluded $34,945
-
11d · All other revenue
total $4,581 · excluded $4,581
-
11e · Other revenue, total
$4,581
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $371,663 · program services $169,887 · management and general $148,290 · fundraising $53,486
-
7 · Other salaries and wages
total $344,750 · program services $263,967 · management and general $75,663 · fundraising $5,120
-
8 · Pension plan contributions
total $10,434 · program services $6,314 · management and general $3,260 · fundraising $860
-
9 · Other employee benefits
total $7,595 · program services $4,596 · management and general $2,373 · fundraising $626
-
10 · Payroll taxes
total $54,497 · program services $32,977 · management and general $17,027 · fundraising $4,493
-
11b · Fees: legal
total $56,729 · management and general $56,729
-
11c · Fees: accounting
total $2,892 · management and general $2,892
-
11g · Fees: other
total $140,303 · program services $93,575 · management and general $46,728
-
12 · Advertising and promotion
total $6,799 · management and general $6,799
-
13 · Office expenses
total $12,188 · program services $6,649 · management and general $5,088 · fundraising $451
-
14 · Information technology
total $482,543 · program services $478,762 · management and general $3,781
-
16 · Occupancy
total $129,364 · program services $76,324 · management and general $47,865 · fundraising $5,175
-
17 · Travel
total $72,545 · program services $45,042 · management and general $21,366 · fundraising $6,137
-
19 · Conferences, conventions and meetings
total $1,754 · program services $1,035 · management and general $649 · fundraising $70
-
22 · Depreciation, depletion and amortization
total $601 · management and general $601
-
23 · Insurance
total $836 · management and general $836
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $1,271,735
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $3,884,945
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $3,936
-
10a · Land, buildings and equipment: cost or other basis
$12,804
-
10b · Land, buildings and equipment: accumulated depreciation
$601
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $12,203
-
15 · Other assets
beginning of year $0 · end of year $1,144,160
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $42,116
-
25 · Other liabilities
beginning of year $0 · end of year $1,060,830
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year $5,214,033
Mission and programs · 2024
Mission
TRANSLUCE IS AN INDEPENDENT RESEARCH LAB THAT BUILDS OPEN, SCALABLE TECHNOLOGY FOR UNDERSTANDING AI SYSTEMS AND STEERING THEM IN THE PUBLIC INTEREST.
-
TRANSLUCE IS AN INDEPENDENT RESEARCH LAB THAT BUILDS OPEN, SCALABLE TECHNOLOGY FOR UNDERSTANDING AI SYSTEMS AND STEERING THEM IN THE PUBLIC INTEREST. TRANSLUCE MEANS TO SHINE LIGHT THROUGH SOMETHING TO REVEAL ITS STRUCTURE. TODAY'S COMPLEX AI SYSTEMS ARE DIFFICULT TO UNDERSTAND. NOT EVEN EXPERTS CAN RELIABLY PREDICT THEIR BEHAVIOR ONCEDEPLOYED. GIVEN AI'S EXTRAORDINARY CONSEQUENCES ON SOCIETY, WE NEED SCALABLE AND OPEN ANALYSES OF THE CAPABILITIES AND RISKS OF AI SYSTEMS.WE ARE BUILDING OPEN SOURCE, AI-DRIVEN TOOLS TO UNDERSTAND AND ANALYZE AI SYSTEMS. WE WILL APPLY THESE TOOLS TO OPEN-WEIGHT MODELS, SO THE WORLD CAN VET OUR ANALYSES AND IMPROVE THEIR RELIABILITY. ONCE OUR TECHNOLOGY HAS BEEN VETTED, WE WILL WORK WITH FRONTIER AI LABS AND GOVERNMENTS TO ENSURE THAT INTERNAL ASSESSMENTS REACH THE SAME STANDARDS AS OUR PUBLICLY VETTED PROCEDURES.
Expenses $1,179,128
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jacob SteinhardtJACOB STEINHARDT
PRESIDENT & CEO
- Total calculated
- $168,792
- From this org
- $162,500
- From related orgs
- $0
- Other
- $6,292
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,500
- Bonus
- $0
- Other
- $0
- Deferred
- $3,792
- Nontaxable benefits
- $2,500
- Filer's total
- $168,792
-
Sarah SchwettmannSARAH SCHWETTMANN
CHIEF SCIENTIST & SEC/TREASURER
- Total calculated
- $197,271
- From this org
- $184,273
- From related orgs
- $0
- Other
- $12,998
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,529
- Bonus
- $18,744
- Other
- $0
- Deferred
- $4,541
- Nontaxable benefits
- $8,457
- Filer's total
- $197,271
-
Francois Alexander AllainFRANCOIS ALEXANDER ALLAIN
DIRECTOR
- Total calculated
- $5,600
- From this org
- $5,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Mike McCormickMIKE MCCORMICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- SARAH SCHWETTMANN AND JACOB STEINHARDT RECEIVED AN ALLOWANCE OF $250 PER MONTH TO SPEND ON GYM MEMBERSHIPS OR SIMILAR FITNESS CLASSES AND WAS TREATED AS TAXABLE COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349313874
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