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Nonprofiteer
← PARALLAX ADVANCED RESEARCH CORP

Form 990 for tax year 2023

Filed by PARALLAX ADVANCED RESEARCH CORP.

Totals

Total revenue
$57,477,017
Total expenses
$56,320,561
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$57,475,854
Investment income
$1,163
Other revenue
$0
Total assets, end of year
$27,590,845
Total liabilities, end of year
$23,078,281
Net assets or fund balances, end of year
$4,512,564
Program services expenses (Part IX)
$36,214,092
Management and general expenses
$20,106,469
Fundraising expenses
$0
Program service expenses (Part III)
$36,214,092

Program services were 64.3% 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.

  • 2a · Program service revenue: PROGRAM SERVICES

    total $57,475,854 · related or exempt $57,475,854

  • 3 · Investment income

    total $1,163 · excluded $1,163

  • 6a · Gross rents

    real property $127,435

  • 6b · Less rental expenses

    real property $127,435

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $22,617,001 · program services $8,669,107 · management and general $13,947,894

  • 11b · Fees: legal

    total $733,568 · management and general $733,568

  • 11c · Fees: accounting

    total $11,122 · management and general $11,122

  • 13 · Office expenses

    total $33,618 · management and general $33,618

  • 14 · Information technology

    total $74,510 · management and general $74,510

  • 16 · Occupancy

    total $164,504 · program services $104,633 · management and general $59,871

  • 17 · Travel

    total $535,118 · program services $232,461 · management and general $302,657

  • 22 · Depreciation, depletion and amortization

    total $233,111 · program services $148,271 · management and general $84,840

  • 23 · Insurance

    total $197,739 · management and general $197,739

  • 24a · Other expenses: SUBCONTRACTING

    total $13,216,676 · program services $13,216,676

  • 24b · Other expenses: SUPPLIES

    total $9,366,902 · program services $8,215,276 · management and general $1,151,626

  • 24c · Other expenses: OTHER DIRECT COSTS

    total $5,618,208 · program services $5,618,208

  • 24d · Other expenses: CONSULTING

    total $2,464,337 · management and general $2,464,337

  • 24e · All other expenses

    total $1,054,147 · program services $9,460 · management and general $1,044,687

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $205,972 · end of year $994,443

  • 3 · Pledges and grants receivable

    beginning of year $13,873,514 · end of year $18,732,801

  • 9 · Prepaid expenses and deferred charges

    beginning of year $548,494 · end of year $352,912

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

    $11,872,197

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

    $6,969,498

  • 10c · Land, buildings and equipment, net

    beginning of year $2,986,797 · end of year $4,902,699

  • 15 · Other assets

    beginning of year $5,516,681 · end of year $2,607,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,221,189 · end of year $13,111,214

  • 19 · Deferred revenue

    beginning of year $597,840 · end of year $3,424,679

  • 24 · Unsecured notes and loans payable

    beginning of year $2,287,000 · end of year $3,997,500

  • 25 · Other liabilities

    beginning of year $4,669,321 · end of year $2,544,888

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,356,108 · end of year $4,512,564

Mission and programs · 2023

Mission

PART I, LINE 1 THE ORGANIZATION'S MISSION IS TO OPERATE EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES TO INCLUDE PROMOTING, ENCOURAGING AND ASSISTING IN SCIENTIFIC RESEARCH AND DEVELOPMENT FOR THE BENEFIT OF THE PUBLIC AND THE TRANSITION TO OHIO INDUSTRY OF ADVANCED DATA COLLECTION, MANAGEMENT AND ANALYSIS TECHNOLOGIES. FOSTERING COLLABORATION BETWEEN THE RESEARCH CENTERS OF OHIO INFORMATION TECHNOLOGY AND RELATED COMPANIES, ACADEMIC INSTITUTIONS AND GOVERNMENTAL RESEARCH FACILITIES, ENCOURAGING THE RETENTION, DEVELOPMENT AND EXPANSION OF THE INFORMATION TECHNOLOGY AND RELATED INDUSTRIES IN OHIO AND PROMOTING, ENCOURAGING AND ASSISTING IN SCIENTIFIC RESEARCH TO AID IN THE EDUCATION OF COLLEGE AND UNIVERSITY STUDENTS.

  • OBJECTIVE: ESTABLISH A SUSTAINABLE BUSINESS MODEL TO DRIVE THE ECONOMIC IMPACT OF INFORMATIONAL TECHNOLOGY IN OHIO. THE DEFINED BUSINESS MODEL HAS SEVERAL SOURCES OF REVENUE.

    Expenses $36,214,092 · Revenue $57,475,854

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

Listed in Part VII

  • Dennis Andersh

    CEO & PRESID

    Total calculated
    $377,288
    From this org
    $377,288
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $377,288
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $377,288

  • Mary Margaret Evans

    KEY EMPLOYEE

    Total calculated
    $229,424
    From this org
    $229,424
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,424
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $229,424

  • Cd Moore Lt General

    CHAIR

    Total calculated
    $0

  • Mike Pearsall

    COO & SECRET

    Total calculated
    $281,970
    From this org
    $281,970
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,970
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $281,970

  • Lloyd Fields

    DIRECTOR

    Total calculated
    $0

  • Gayle Rominger

    DIRECTOR

    Total calculated
    $0

  • Michael Hripko

    DIRECTOR

    Total calculated
    $0

  • Richard Graf

    DIRECTOR

    Total calculated
    $0

  • Jeff Stanley

    DIRECTOR

    Total calculated
    $0

  • Doug Ebersole

    VICE CHAIR

    Total calculated
    $0

  • Greg Morris

    DIRECTOR

    Total calculated
    $0

  • Carmel Ortiz

    DIRECTOR

    Total calculated
    $0

  • Wanda Gamble

    DIRECTOR

    Total calculated
    $0

  • Susan Thornton

    DIRECTOR

    Total calculated
    $0

  • Dr Michael Farrell

    DIRECTOR

    Total calculated
    $0

  • Gary Kessler

    DIRECTOR

    Total calculated
    $0

  • Dr Richard Joseph

    DIRECTOR

    Total calculated
    $0

  • Wayne Denny

    DIRECTOR

    Total calculated
    $0

  • Dr Christina Bloebaum

    DIRECTOR

    Total calculated
    $0

  • Gail Doman-Smith

    DIRECTOR

    Total calculated
    $0

  • Dr Carlos Grodsinsky

    DIRECTOR

    Total calculated
    $0

  • Dr Ed Herderick

    DIRECTOR

    Total calculated
    $0

  • Dr Douglas Matty

    DIRECTOR

    Total calculated
    $0

  • Dr J Michael Oakes

    DIRECTOR

    Total calculated
    $0

  • Chris Hocevar

    CFO

    Total calculated
    $255,478
    From this org
    $255,478
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,478
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $255,478

  • Viktoria Greanya

    KEY EMPLOYEE

    Total calculated
    $283,440
    From this org
    $283,440
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,440
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $283,440

  • Bruce Howard

    KEY EMPLOYEE

    Total calculated
    $262,246
    From this org
    $262,246
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,246
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $262,246

  • Frank Digiovanni

    KEY EMPLOYEE

    Total calculated
    $223,457
    From this org
    $223,457
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,457
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $223,457

  • David Gross

    KEY EMPLOYEE

    Total calculated
    $268,812
    From this org
    $268,812
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,812
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $268,812

  • Darrell Lochtefeld

    KEY EMPLOYEE

    Total calculated
    $193,389
    From this org
    $193,389
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,389
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $193,389

  • Matthew Molineaux

    KEY EMPLOYEE

    Total calculated
    $249,403
    From this org
    $249,403
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,403
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $249,403

  • Mary Williams

    KEY EMPLOYEE

    Total calculated
    $223,879
    From this org
    $223,879
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,879
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $223,879

  • Keith Bowman

    KEY EMPLOYEE

    Total calculated
    $200,335
    From this org
    $200,335
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,335
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $200,335

  • Jason Davis

    KEY EMPLOYEE

    Total calculated
    $186,789
    From this org
    $186,789
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,789
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $186,789

  • Lj Eads

    KEY EMPLOYEE

    Total calculated
    $193,462
    From this org
    $193,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,462
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $193,462

  • Justin Morgan

    KEY EMPLOYEE

    Total calculated
    $185,774
    From this org
    $185,774
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,774
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $185,774

  • Jessica Pacheco

    KEY EMPLOYEE

    Total calculated
    $181,379
    From this org
    $181,379
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,379
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $181,379

  • Daniel Pierron

    KEY EMPLOYEE

    Total calculated
    $180,795
    From this org
    $180,795
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,795
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $180,795

  • Kyle Preuss

    KEY EMPLOYEE

    Total calculated
    $185,007
    From this org
    $185,007
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,007
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $185,007

  • Bryan Roth

    KEY EMPLOYEE

    Total calculated
    $182,613
    From this org
    $182,613
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,613
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $182,613

  • John Sankovic

    KEY EMPLOYEE

    Total calculated
    $310,051
    From this org
    $310,051
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,051
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $310,051

  • Ryan Stabler

    KEY EMPLOYEE

    Total calculated
    $214,124
    From this org
    $214,124
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,124
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $214,124

  • Robert Tanner

    KEY EMPLOYEE

    Total calculated
    $204,612
    From this org
    $204,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,612
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $204,612

  • Michael Simon

    KEY EMPLOYEE

    Total calculated
    $341,274
    From this org
    $341,274
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,274
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $341,274

  • Mark Bartman

    KEY EMPLOYEE

    Total calculated
    $309,543
    From this org
    $309,543
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,543
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $309,543

  • Gail Walters

    KEY EMPLOYEE

    Total calculated
    $250,542
    From this org
    $250,542
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,542
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $250,542

  • Andrew Gyekenyesi

    KEY EMPLOYEE

    Total calculated
    $247,120
    From this org
    $247,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,120
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $247,120

  • Anthony Gillespie

    KEY EMPLOYEE

    Total calculated
    $231,338
    From this org
    $231,338
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,338
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $231,338

  • Robert Dirgo

    KEY EMPLOYEE

    Total calculated
    $231,203
    From this org
    $231,203
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,203
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $231,203

  • Timothy McCartney

    KEY EMPLOYEE

    Total calculated
    $228,182
    From this org
    $228,182
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,182
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $228,182

  • Mrityunjay Singh

    KEY EMPLOYEE

    Total calculated
    $223,806
    From this org
    $223,806
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,806
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $223,806

  • Scott McAffry

    KEY EMPLOYEE

    Total calculated
    $222,894
    From this org
    $222,894
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,894
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $222,894

  • Justin Tullos

    KEY EMPLOYEE

    Total calculated
    $214,842
    From this org
    $214,842
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,842
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $214,842

  • Michael Buck

    KEY EMPLOYEE

    Total calculated
    $211,283
    From this org
    $211,283
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,283
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $211,283

  • Theodore Perry

    KEY EMPLOYEE

    Total calculated
    $200,963
    From this org
    $200,963
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,963
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $200,963

  • Philip Morgan

    KEY EMPLOYEE

    Total calculated
    $199,324
    From this org
    $199,324
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,324
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $199,324

  • James Bridgers

    KEY EMPLOYEE

    Total calculated
    $195,053
    From this org
    $195,053
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,053
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $195,053

  • Casimir Suchyta III

    KEY EMPLOYEE

    Total calculated
    $184,943
    From this org
    $184,943
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,943
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $184,943

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 · Written employment contract

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
12 May 2025
IRS schema version
2023v6.0
Source object
202521359349306682

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