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Nonprofiteer
← CONVERGENT RESEARCH INC

Form 990 for tax year 2022

Filed by CONVERGENT RESEARCH INC.

Totals

Total revenue
$11,258,027
Total expenses
$6,496,686
Contributions and grants received
$11,257,471
Grants paid
$38,019
Program service revenue
$0
Investment income
$6
Other revenue
$550
Total assets, end of year
$9,047,793
Total liabilities, end of year
$4,286,452
Net assets or fund balances, end of year
$4,761,341
Program services expenses (Part IX)
$5,264,387
Management and general expenses
$931,663
Fundraising expenses
$300,636
Program service expenses (Part III)
$5,264,387

Program services were 81.0% 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

    $11,257,471

  • 3 · Investment income

    total $6 · excluded $6

  • 11d · All other revenue

    total $550 · excluded $550

  • 11e · Other revenue, total

    $550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,969 · program services $31,969

  • 2 · Grants to domestic individuals

    total $6,050 · program services $6,050

  • 5 · Compensation of officers, directors and key employees

    total $173,157 · program services $147,183 · management and general $17,316 · fundraising $8,658

  • 7 · Other salaries and wages

    total $2,014,333 · program services $1,712,183 · management and general $201,433 · fundraising $100,717

  • 8 · Pension plan contributions

    total $49,087 · program services $41,724 · management and general $4,909 · fundraising $2,454

  • 9 · Other employee benefits

    total $238,586 · program services $202,798 · management and general $23,859 · fundraising $11,929

  • 10 · Payroll taxes

    total $123,684 · program services $105,132 · management and general $12,368 · fundraising $6,184

  • 11b · Fees: legal

    total $294,841 · management and general $294,841

  • 11c · Fees: accounting

    total $35,550 · management and general $35,550

  • 11g · Fees: other

    total $1,231,937 · program services $1,047,146 · management and general $123,194 · fundraising $61,597

  • 13 · Office expenses

    total $717,089 · program services $609,526 · management and general $71,709 · fundraising $35,854

  • 14 · Information technology

    total $154,116 · program services $130,998 · management and general $15,412 · fundraising $7,706

  • 16 · Occupancy

    total $1,065,622 · program services $905,779 · management and general $106,562 · fundraising $53,281

  • 17 · Travel

    total $100,434 · program services $85,369 · management and general $10,043 · fundraising $5,022

  • 19 · Conferences, conventions and meetings

    total $128,850 · program services $109,522 · management and general $12,885 · fundraising $6,443

  • 23 · Insurance

    total $10,042 · program services $8,537 · management and general $1,003 · fundraising $502

  • 24a · Other expenses: LAB SERVICE

    total $115,553 · program services $115,553

  • 24e · All other expenses

    total $5,786 · program services $4,918 · management and general $579 · fundraising $289

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $5,077,903

  • 9 · Prepaid expenses and deferred charges

    end of year $304,912

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

    $1,919,933

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,919,933

  • 12 · Investments: other securities

    end of year $1,745,045

  • 17 · Accounts payable and accrued expenses

    end of year $1,286,452

  • 19 · Deferred revenue

    end of year $3,000,000

  • 27 · Net assets without donor restrictions

    end of year $4,761,341

Mission and programs · 2022

Mission

THE ORGANIZATION IS A DELAWARE NON-PROFIT, NON-STOCK CORPORATION FORMED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. IN FURTHERANCE OF SUCH PURPOSES, THE ORGANIZATION WILL FOSTER, SUPPORT, PROMOTE, AND CONDUCT PROGRAMS, PROJECTS, AND ACTIVITIES DESIGNED TO DEVELOP AND ACCELERATE SCIENTIFIC AND TECHNOLOGICAL RESEARCH AND INNOVATION IN THE PUBLIC INTEREST, INCLUDING, WITHOUT LIMITATION, THROUGH INCUBATING RESEARCH PROJECTS AND FACILITATING COLLABORATIONS TO BUILD ESSENTIAL RESEARCH TOOLS AND RESOURCES THAT CAN BE DEPLOYED BROADLY FOR THE PUBLIC BENEFIT.

  • PROVIDED THE SALARIES, EQUIPMENT AND FACILITIES FOR CULTIVARIUM, A RESEARCH PROJECT FOCUSED ON DEVELOPING TOOLS FOR STUDYING NOVEL MICROORGANISMS.

    Expenses $2,477,358

  • PROVIDED THE SALARIES, EQUIPMENT AND FACILITIES FOR E11 BIO, A RESEARCH PROJECT FOCUSED ON BRAIN CIRCUIT MAPPING.

    Expenses $1,981,887

  • PROVIDED THE SALARIES, EQUIPMENT AND FACILITIES FOR OTHER RESEARCH PROJECTS.

    Expenses $805,142 · Grants $38,019

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tom Kalil

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Megan Belwett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Morgan Levine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Murray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anastasia Gamick

    CHIEF OPERATING OFFICER

    Total calculated
    $69,743
    From this org
    $63,000
    From related orgs
    $0
    Other
    $6,743
    Hours/week
    40

  • Adam Marblestone

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $103,413
    From this org
    $88,800
    From related orgs
    $0
    Other
    $14,613
    Hours/week
    40

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.

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CONVERGENT RESEARCH LLC

    EDUCATIONAL SCIENTIFIC RESEARCH · CA · income $0 · assets $0

    Directly controlled by CONVERGENT RESEARCH INC

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313119349302441

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