Form 990 for tax year 2023
Filed by POLARIS RESEARCH INSTITUTE INC.
Totals
- Total revenue
- $335,428
- Total expenses
- $375,437
- Contributions and grants received
- $335,428
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $571,433
- Total liabilities, end of year
- $19,314
- Net assets or fund balances, end of year
- $552,119
- Program services expenses (Part IX)
- $220,246
- Management and general expenses
- $124,978
- Fundraising expenses
- $30,213
- Program service expenses (Part III)
- $220,246
Program services were 58.7% 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
$335,428
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
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 $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $167,417 · program services $138,956 · management and general $11,719 · fundraising $16,742
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $12,677 · program services $10,522 · management and general $887 · fundraising $1,268
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $87,983 · management and general $87,983
-
11c · Fees: accounting
total $16,203 · management and general $16,203
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $24,120 · program services $20,020 · management and general $1,688 · fundraising $2,412
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $449 · program services $373 · management and general $31 · fundraising $45
-
14 · Information technology
total $1,533 · program services $1,272 · management and general $108 · fundraising $153
-
15 · Royalties
total $0
-
16 · Occupancy
total $33,569 · program services $27,862 · management and general $2,350 · fundraising $3,357
-
17 · Travel
total $20,933 · program services $14,654 · management and general $1,047 · fundraising $5,232
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,262 · program services $883 · management and general $63 · fundraising $316
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,068 · management and general $1,068
-
24a · Other expenses: telecommunications
total $6,173 · program services $5,124 · management and general $432 · fundraising $617
-
24b · Other expenses: other operational charges
total $859 · management and general $859
-
24c · Other expenses: catering
total $576 · program services $478 · management and general $40 · fundraising $58
-
24d · Other expenses: Prof. dues, lic. & subs
total $487 · management and general $487
-
24e · All other expenses
total $128 · program services $102 · management and general $13 · fundraising $13
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $599,290 · end of year $566,186
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $4,988 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $5,247
-
17 · Accounts payable and accrued expenses
beginning of year $12,150 · end of year $19,314
-
31 · Retained earnings, endowment or other funds
beginning of year $592,128 · end of year $552,119
Mission and programs · 2023
Mission
See Form 990, Part I, Line 1.
Activities or mission (Part I)
The foundation's primary purpose is to undertake and contribute to research to improve the quality of life of as many sentient beings as extensively as possible and to otherwise engage in activities in furtherance of this objective. As a think tank, it contributes to the development and discussion of fundamental conceptions and understandings of effective ethical behavior and action. In particular it is committed to an evidence-based approach to poverty reduction, the reducton of animal suffering, the improvement of international cooperation and stability, and the development and promotion of responsible approaches to future technologies, it promotes the philosphy and social movement referred to as effective altruism.
-
Research and writing of various scientific articles and papers, primarily on the safety issues of using artificial intelligence
Expenses $220,246
As filed on the 2023 return.
Listed in Part VII
-
Ruairi Donnelly
Executive Dir.
- Total calculated
- $171,223
- From this org
- $158,956
- From related orgs
- $0
- Other
- $12,267
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,150
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $12,267
- Filer's total
- $167,417
-
Stefan Torges
President
- Total calculated
- $0
- Hours/week
- 0.2
-
Jonas Vollmer
Vice President
- Total calculated
- $0
- Hours/week
- 0.2
-
Tobias Pulver
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Daniel Kestenholz
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Amrit Sidhu-Brar
Treasurer
- Total calculated
- $0
- Hours/week
- 2
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
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
The filer's explanations (Part III)
- Part I, Line 8: Amounts reported on 990 VII pursuant to initial contract exemption described in Regs
- The compensation reported for the Executive Director consists of an annual base salary and a one-time fixed signing bonus, subject to the initial contract exception described in Treasury Regulations section 53.4958-4(a)(3). Specifically, this represents the first compensation arrangement between the organization and the Executive Director who was previously unrelated to the organization and was therefore not in a position to exercise substantial influence over its affairs as defined in Treasury Regulations section 53.4958-3. Both the base salary and bonus are fixed amounts negotiated based on relevant compensation data and approved by an independent Board.
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
- 12 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422569349301422
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.