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Nonprofiteer
← FAR AI INC

Form 990 for tax year 2024

Filed by FAR AI INC.

Totals

Total revenue
$24,293,765
Total expenses
$8,602,996
Contributions and grants received
$23,254,628
Grants paid
$1,460,000
Program service revenue
$429,091
Investment income
$610,046
Other revenue
$0
Total assets, end of year
$23,022,514
Total liabilities, end of year
$562,647
Net assets or fund balances, end of year
$22,459,867
Program services expenses (Part IX)
$7,517,383
Management and general expenses
$1,085,613
Fundraising expenses
$0
Program service expenses (Part III)
$7,517,383

Program services were 87.4% 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

    $23,254,628

  • 2a · Program service revenue: EARNED REVENUE

    total $429,091 · related or exempt $429,091

  • 3 · Investment income

    total $610,046 · excluded $610,046

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $1,460,000 · program services $1,460,000

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $428,808 · program services $332,129 · management and general $96,679

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,577,175 · program services $1,221,586 · management and general $355,589

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $99,170 · program services $76,811 · management and general $22,359

  • 10 · Payroll taxes

    total $159,316 · program services $123,397 · management and general $35,919

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $99,913 · program services $32,550 · management and general $67,363

  • 11c · Fees: accounting

    total $68,644 · program services $22,363 · management and general $46,281

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $972,870 · program services $713,150 · management and general $259,720

  • 12 · Advertising and promotion

    total $37,949 · program services $9,641 · management and general $28,308

  • 13 · Office expenses

    total $213,431 · program services $125,698 · management and general $87,733

  • 14 · Information technology

    total $1,925,821 · program services $1,924,102 · management and general $1,719

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $517,275 · program services $517,031 · management and general $244

  • 17 · Travel

    total $576,049 · program services $526,183 · management and general $49,866

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $17,072 · management and general $17,072

  • 23 · Insurance

    total $15,731 · program services $4,659 · management and general $11,072

  • 24a · Other expenses: MEALS AND CATERING

    total $433,422 · program services $428,083 · management and general $5,339

  • 24b · Other expenses: PRIZES

    total $350 · management and general $350

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,194,234 · end of year $19,403,689

  • 4 · Accounts receivable

    beginning of year $211,253 · end of year $3,081,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $722 · end of year $20,330

  • 10a · Land, buildings and equipment: cost or other basis

    $134,544

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,366

  • 10c · Land, buildings and equipment, net

    beginning of year $72,060 · end of year $111,178

  • 14 · Intangible assets

    beginning of year $10,141 · end of year $7,605

  • 15 · Other assets

    beginning of year $235,965 · end of year $397,973

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,267 · end of year $185,964

  • 19 · Deferred revenue

    beginning of year $417,279

  • 25 · Other liabilities

    beginning of year $447,731 · end of year $376,683

  • 27 · Net assets without donor restrictions

    beginning of year $5,343,146 · end of year $7,662,208

  • 28 · Net assets with donor restrictions

    beginning of year $1,425,952 · end of year $14,797,659

Mission and programs · 2024

Mission

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

  • RESEARCH PROGRAMS FAR.AI CONDUCTS TECHNICAL RESEARCH TO ADDRESS FUNDAMENTAL ARTIFICIAL INTELLIGENCE AI SAFETY CHALLENGES. IN 2024 WE PUBLISHED 12 RESEARCH PAPERS WITH ACCEPTANCES AT LEADING VENUES SUCH AS THE INTERNATIONAL CONFERENCE ON LEARNING REPRESENTATIONS ICLR, THE INTERNATIONAL CONFERENCE ON MACHINE LEARNING ICML, AND THE NEURAL INFORMATION PROCESSING SYSTEMS CONFERENCE NEURIPS. WE PARTNERED WITH GOVERNMENT-LED AI SECURITY INITIATIVES AND CONDUCTED RED-TEAMING ENGAGEMENTS ON FRONTIER AI SYSTEMS. WE ALSO SUPPORTED EXTERNAL RESEARCHERS THROUGH COLLABORATIONS, MENTORSHIPS, AND/OR OPERATIONAL SUPPORT.

    Expenses $2,956,925

  • RESEARCH 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.

    Expenses $1,142,509

  • EVENTS 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.

    Expenses $1,957,949

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Adam Gleave

    PRESIDENT/CEO

    Total calculated
    $237,604
    From this org
    $229,331
    From related orgs
    $0
    Other
    $8,273
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,331
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $8,563
    Filer's total
    $237,894
  • Karl Berzins

    CHIEF OPERATING OFFICER

    Total calculated
    $191,204
    From this org
    $182,641
    From related orgs
    $0
    Other
    $8,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,641
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $8,273
    Filer's total
    $190,914
  • Conor McGurk

    FISCALLY SPONSORED PROJECT DIRECTOR

    Total calculated
    $163,965
    From this org
    $155,885
    From related orgs
    $0
    Other
    $8,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,487
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $8,080
    Filer's total
    $164,567
  • Benjamin Goldhaber

    DIRECTOR, FAR.LABS

    Total calculated
    $160,701
    From this org
    $151,332
    From related orgs
    $0
    Other
    $9,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,332
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $9,369
    Filer's total
    $160,701
  • Adria Garriga Alonso

    RESEARCH SCIENTIST

    Total calculated
    $144,055
    From this org
    $135,623
    From related orgs
    $0
    Other
    $8,432
    Hours/week
    40
  • Ian McKenzie

    RESEARCH ENGINEER

    Total calculated
    $141,298
    From this org
    $135,342
    From related orgs
    $0
    Other
    $5,956
    Hours/week
    40
  • Sawyer Bernath

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Lawrence Chan

    SECRETARY

    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

  • 3 · Approval by the board or compensation committee

Answered no

  • 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

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
202543189349316054

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