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Nonprofiteer
← DRI RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by DRI RESEARCH FOUNDATION.

Totals

Total revenue
$3,070,169
Total expenses
$2,295,732
Contributions and grants received
$2,898,442
Grants paid
$2,252,644
Program service revenue
$0
Investment income
$72,176
Other revenue
$99,551
Total assets, end of year
$2,559,065
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,559,065
Program services expenses (Part IX)
$2,252,644
Management and general expenses
$43,088
Fundraising expenses
$0
Program service expenses (Part III)
$2,252,644

Program services were 98.1% 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

    $2,898,442

  • 3 · Investment income

    total $72,176 · unrelated business $72,176

  • 8a · Fundraising events: gross income

    $287,560

  • 8b · Fundraising events: direct expenses

    $188,009

  • 8c · Net income from fundraising events

    total $99,551 · excluded $99,551

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,252,644 · program services $2,252,644

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 11g · Fees: other

    total $8,750 · management and general $8,750

  • 13 · Office expenses

    total $7,311 · management and general $7,311

  • 23 · Insurance

    total $2,233 · management and general $2,233

  • 24a · Other expenses: OTHER OPERATING EXPENSE

    total $8,794 · management and general $8,794

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,649 · end of year $24,141

  • 2 · Savings and temporary cash investments

    beginning of year $1,730,580 · end of year $1,597,169

  • 4 · Accounts receivable

    beginning of year $0 · end of year $800,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,000 · end of year $0

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

    $397,401

  • 10c · Land, buildings and equipment, net

    beginning of year $397,401 · end of year $397,401

  • 12 · Investments: other securities

    beginning of year $1,291,299 · end of year -$260,237

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $3,237 · end of year $591

  • 19 · Deferred revenue

    beginning of year $160,000 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $397,401 · end of year $397,401

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,938,765 · end of year $2,161,664

Mission and programs · 2024

Mission

THE TRUSTEES OF THE DRI FOUNDATION BUILD TRUSTWORTHY RELATIONSHIPS AND CREATE INNOVATIVE PROGRAMS TO SHOWCASE THE IMPACT OF DRI, ATTRACT FOLLOWERS, SUPPORTERS AND DONORS, AND EXPAND THE FUNDRAISING CAPACITY OF DRI.

Activities or mission (Part I)

TO PROMOTE THE WELFARE OF THE DESERT RESEARCH INSTITUTE.

  • TO PROVIDE SUPPORT FOR DESERT RESEARCH INSTITUTE (DRI), A DIVISION OF THE NEVADA SYSTEM OF HIGHER EDUCATION.

    Expenses $2,252,644 · Grants $2,252,644

As filed on the 2024 return.

Listed in Part VII

  • NORA JAMES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LINDA FAISS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETSY FRETWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT GAGOSIAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIE GILDAY-SHAFFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES KING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANET LOWE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CLARK WOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARYBEL BATJER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TERRY SHIREY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RONALD SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE KRUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ZANE MARSHALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN ZIMMERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETH CAMPBELL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LISA GALLAGHER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN MCMILLAN PORTER

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • YOLANDA KING

    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523149349302607

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