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Nonprofiteer
← SUNWATER INSTITUTE

Form 990 for tax year 2023

Filed by SUNWATER INSTITUTE.

Totals

Total revenue
$1,092,449
Total expenses
$3,006,653
Contributions and grants received
$834,177
Grants paid
$102,222
Program service revenue
$161,756
Investment income
$0
Other revenue
$96,516
Total assets, end of year
$4,181,600
Total liabilities, end of year
$7,988,514
Net assets or fund balances, end of year
-$3,806,914
Program services expenses (Part IX)
$2,362,763
Management and general expenses
$530,182
Fundraising expenses
$113,708
Program service expenses (Part III)
$2,362,763

Program services were 78.6% 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)

    $19,159

  • 1f · All other contributions, gifts and grants

    $815,018

  • 2a · Program service revenue: SUBSCRIPTION REVENUE

    total $161,756 · related or exempt $161,756

  • 10a · Gross sales of inventory

    $254,512

  • 10b · Cost of goods sold

    $158,075

  • 10c · Net income from sales of inventory

    total $96,437 · related or exempt $96,437

  • 11a · Other revenue: OTHER INCOME

    total $79 · related or exempt $79

  • 11e · Other revenue, total

    $79

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,222 · program services $102,222

  • 7 · Other salaries and wages

    total $891,838 · program services $813,630 · fundraising $78,208

  • 8 · Pension plan contributions

    total $16,600 · program services $15,280 · fundraising $1,320

  • 9 · Other employee benefits

    total $44,589 · program services $41,042 · fundraising $3,547

  • 10 · Payroll taxes

    total $64,678 · program services $59,110 · fundraising $5,568

  • 11a · Fees: management

    total $260,979 · management and general $260,979

  • 11b · Fees: legal

    total $16,303 · management and general $16,303

  • 11c · Fees: accounting

    total $41,317 · management and general $41,317

  • 11g · Fees: other

    total $928,446 · program services $885,242 · management and general $43,204

  • 12 · Advertising and promotion

    total $997 · fundraising $997

  • 13 · Office expenses

    total $126,649 · program services $55,012 · management and general $71,637

  • 16 · Occupancy

    total $268,366 · program services $244,596 · fundraising $23,770

  • 17 · Travel

    total $8,056 · program services $8,056

  • 19 · Conferences, conventions and meetings

    total $431 · program services $431

  • 20 · Interest

    total $85,768 · management and general $85,768

  • 22 · Depreciation, depletion and amortization

    total $119,442 · program services $119,144 · fundraising $298

  • 23 · Insurance

    total $1,925 · management and general $1,925

  • 24a · Other expenses: DATA SUBSCRIPTIONS

    total $13,445 · program services $13,445

  • 24b · Other expenses: REGISTRATION AND LICENS

    total $9,049 · management and general $9,049

  • 24c · Other expenses: BAD DEBT

    total $3,567 · program services $3,567

  • 24d · Other expenses: VIDEO EXPENSE

    total $1,986 · program services $1,986

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,745 · end of year $162,903

  • 3 · Pledges and grants receivable

    beginning of year $11,053 · end of year $68,464

  • 4 · Accounts receivable

    beginning of year $5,976 · end of year $891

  • 8 · Inventories for sale or use

    beginning of year $1,000 · end of year $1,560

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,233 · end of year $53,515

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

    $27,379

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

    $3,361

  • 10c · Land, buildings and equipment, net

    beginning of year $16,650 · end of year $24,018

  • 14 · Intangible assets

    beginning of year $728,306 · end of year $1,991,560

  • 15 · Other assets

    beginning of year $2,093,377 · end of year $1,878,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,508 · end of year $158,830

  • 19 · Deferred revenue

    beginning of year $112,628 · end of year $86,607

  • 22 · Loans and payables to officers and key people

    beginning of year $2,422,540 · end of year $5,574,142

  • 24 · Unsecured notes and loans payable

    end of year $60,000

  • 25 · Other liabilities

    beginning of year $2,327,374 · end of year $2,108,935

  • 27 · Net assets without donor restrictions

    beginning of year -$1,892,710 · end of year -$3,921,914

  • 28 · Net assets with donor restrictions

    end of year $115,000

Mission and programs · 2023

Mission

THE SUNWATER INSTITUTE'S MISSION IS TO STRENGTHEN THE FOUNDATIONS OF DEMOCRACY THROUGH INTERDISCIPLINARY SCIENCE, TECHNOLOGY, AND OPEN DIALOGUE TO FOSTER A SOCIETY BUILT ON INDIVIDUAL LIBERTY REACHING ITS MAXIMUM POTENTIAL.

  • THE SUNWATER INSTITUTE FOCUSES ON THREE FUNDAMENTAL CONCEPTS PROPERTY, ON WHICH OUR ECONOMY IS BUILT, GROUP DECISION-MAKING, ON WHICH OUR GOVERNMENT IS BUILT, AND RIGHTS AND LIBERTIES, ON WHICH OUR FREEDOM IS BUILT. THE FOCUS ON THESE FUNDAMENTAL CONCEPTS, ALONG WITH A LONG-TERM, INTERDISCIPLINARY, AND NONPARTISAN APPROACH GIVES THE SUNWATER INSTITUTE A UNIQUE PERSPECTIVE ON DATA RESEARCH, CONFERENCES, TRAININGS, ACADEMIC ARTICLES, SOCIAL MEDIA, AND VIDEO OUTPUTS.

    Expenses $2,362,763 · Grants $102,222 · Revenue $258,272

As filed on the 2023 return.

Listed in Part VII

  • Matthew M Chervenak

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Stephany N Yu

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Eric McAndrews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Hickey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jon Zifferblatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Stephanie Gualino

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Aric Lavinthal

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ani Harutyunyan

    SCHOLAR

    Total calculated
    $210,537
    From this org
    $196,000
    From related orgs
    $0
    Other
    $14,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,000
    Bonus
    $25,000
    Other
    $0
    Deferred
    $7,840
    Nontaxable benefits
    $6,697
    Filer's total
    $210,537

  • Matthew Barnes

    SALES & OPERATINGS MANAGER

    Total calculated
    $119,319
    From this org
    $110,907
    From related orgs
    $0
    Other
    $8,412
    Hours/week
    40

  • John Rackey

    DIRECTOR OF LEGISLATIVE STUDIES

    Total calculated
    $137,749
    From this org
    $129,439
    From related orgs
    $0
    Other
    $8,310
    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. 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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study

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

  • YALE UNIVERSITY

    $101,422

    SPONSORSHIP TO FUND RESEARCH PROGRAM IN THE FIELDS OF GROUP DECISION MAKING AND EVOLUTIONARY PERSPECTIVES ON RIGHTS AND LIBERTIES.

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202402969349301165

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