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← INSTITUTE FOR SECURITY AND TECHNOLOGY

Form 990 for tax year 2023

Filed by INSTITUTE FOR SECURITY AND TECHNOLOGY.

Totals

Total revenue
$4,788,129
Total expenses
$2,449,158
Contributions and grants received
$4,658,374
Grants paid
$0
Program service revenue
$34,990
Investment income
$86,433
Other revenue
$8,332
Total assets, end of year
$5,272,536
Total liabilities, end of year
$2,379
Net assets or fund balances, end of year
$5,270,157
Program services expenses (Part IX)
$1,914,362
Management and general expenses
$204,941
Fundraising expenses
$329,855
Program service expenses (Part III)
$1,914,362

Program services were 78.2% 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.

  • 1e · Government grants (contributions)

    $207,977

  • 1f · All other contributions, gifts and grants

    $4,450,397

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $34,990 · related or exempt $34,990

  • 3 · Investment income

    total $46,398 · excluded $46,398

  • 7a · Gross sales of assets other than inventory

    securities $40,035

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $40,035

  • 7d · Net gain or loss

    total $40,035 · excluded $40,035

  • 11a · Other revenue: MISCELLANEOUS

    total $8,332 · excluded $8,332

  • 11e · Other revenue, total

    $8,332

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $510,061 · program services $394,610 · management and general $32,785 · fundraising $82,666

  • 7 · Other salaries and wages

    total $1,171,785 · program services $906,555 · management and general $75,319 · fundraising $189,911

  • 8 · Pension plan contributions

    total $72,246 · program services $55,629 · management and general $5,058 · fundraising $11,559

  • 9 · Other employee benefits

    total $105,056 · program services $80,893 · management and general $7,354 · fundraising $16,809

  • 10 · Payroll taxes

    total $118,625 · program services $91,341 · management and general $8,304 · fundraising $18,980

  • 11g · Fees: other

    total $209,876 · program services $161,677 · management and general $39,598 · fundraising $8,601

  • 13 · Office expenses

    total $16,384 · program services $10,058 · management and general $6,326

  • 14 · Information technology

    total $15,975 · program services $14,165 · management and general $1,210 · fundraising $600

  • 17 · Travel

    total $199,572 · program services $194,689 · management and general $4,154 · fundraising $729

  • 22 · Depreciation, depletion and amortization

    total $2,082 · management and general $2,082

  • 23 · Insurance

    total $10,263 · management and general $10,263

  • 24a · Other expenses: STAFF DEVELOPMENT EXPEN

    total $11,345 · program services $4,745 · management and general $6,600

  • 24b · Other expenses: BANK CHARGES AND PROCES

    total $5,888 · management and general $5,888

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,913,462 · end of year $3,184,391

  • 4 · Accounts receivable

    end of year $1,063,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,389 · end of year $0

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

    $18,012

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

    $5,088

  • 10c · Land, buildings and equipment, net

    beginning of year $2,463 · end of year $12,924

  • 12 · Investments: other securities

    beginning of year $0 · end of year $1,012,221

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,998 · end of year $2,379

  • 27 · Net assets without donor restrictions

    beginning of year $1,461,891 · end of year $3,053,973

  • 28 · Net assets with donor restrictions

    beginning of year $1,455,425 · end of year $2,216,184

Mission and programs · 2023

Mission

A NONPROFIT PUBLIC BENEFIT CORPORATION THAT EDUCATES THE PUBLIC ON ISSUES RELATED TO GLOBAL SECURITY AND PROVIDES A TRUSTED TECHNOLOGY AND POLICY LAB FOR MITIGATING EMERGING SECURITY THREATS IN COMMERCIALLY VIABLE AND INTERNATIONALLY BENEFICIAL WAYS.

Activities or mission (Part I)

TO SOLVE EMERGING SECURITY THREATS BY CREATING A BRIDGE BETWEEN TECHNOLOGY AND POLICY LEADERS.

  • FUTURE OF DIGITAL SECURITY (INTERNET SECURITY): CONTINUED WORK WITH A COALITION OF INDUSTRY AND GOVERNMENT PARTNERS TO MITIGATE THE THREAT POSED BY RANSOMWARE AND OTHER ECOSYSTEM WIDE CYBERSECURITY THREATS. THIS PILLAR OF THEMATIC WORK IS NAMED FUTURE OF DIGITAL SECURITY.INNOVATION AND CATASTROPHIC RISK (CATALINK AND NUCLEAR WEAPONS): TECHNICAL SOLUTION TO REDUCE NUCLEAR RISK BY PROVIDING A SECURE RELIABLE, DEDICATED CRISIS COMMUNICATIONS CAPABILITY, EXPANDED A PUBLIC UNCLASSIFIED BASELINE BODY OF KNOWLEDGE ON NUCLEAR COMMAND, CONTROL, AND COMMUNICATIONS THROUGH CONVENING GLOBAL EXPERTS, ADDING DEEPENED KNOWLEDGE ON THE IMPACT OF TECHNOLOGIES LIKE DEEP LEARNING. THIS PILLAR OF THEMATIC WORK IS NAMED 'INNOVATION AND CATASTROPHIC RISK.GEOPOLITICS OF TECHNOLOGY (FUTURE DIGITAL THREATS TO DEMOCRACY): UNDERSTANDING AND ANTICIPATING THE POSITIVE AND NEGATIVE SECURITY EFFECTS OF EMERGING, DISRUPTIVE TECHNOLOGIES ON THE INTERNATIONAL BALANCE OF POWER, WITHIN STATES, AND BETWEEN GOVERNMENTS AND INDUSTRIES BY IDEATING AND INTEGRATING NOVEL SOLUTIONS TO TECHNOLOGY-DRIVEN SECURITY VULNERABILITIES ACROSS U.S. INNOVATION AND ECONOMIC ECOSYSTEMS.

    Expenses $1,914,362 · Revenue $34,990

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Philip Reiner

    CEO

    Total calculated
    $301,226
    From this org
    $265,153
    From related orgs
    $0
    Other
    $36,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,153
    Bonus
    $43,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,073
    Filer's total
    $301,226

  • Michael McNerney

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adean Mills Golub

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tj Rylander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eli Sugarman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin Fontes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Suriya Jayanti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Kichen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Megan Stifel

    CHIEF STRATEGY OFFICER

    Total calculated
    $277,751
    From this org
    $244,908
    From related orgs
    $0
    Other
    $32,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,408
    Bonus
    $42,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,843
    Filer's total
    $277,751

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349313592

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