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Nonprofiteer
← FAR AI INC

Form 990 for tax year 2023

Filed by FAR AI INC.

Totals

Total revenue
$8,076,314
Total expenses
$2,800,898
Contributions and grants received
$7,648,387
Grants paid
$45,000
Program service revenue
$339,412
Investment income
$86,470
Other revenue
$2,045
Total assets, end of year
$7,724,375
Total liabilities, end of year
$955,277
Net assets or fund balances, end of year
$6,769,098
Program services expenses (Part IX)
$2,160,443
Management and general expenses
$640,455
Fundraising expenses
$0
Program service expenses (Part III)
$2,160,443

Program services were 77.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KARL BERZINS

    CHIEF OPERATING OFFICER

    Total calculated
    $167,857
    From this org
    $161,060
    From related orgs
    $0
    Other
    $6,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,068
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $6,797
    Filer's total
    $167,865

  • ADAM GLEAVE

    PRESIDENT/CEO

    Total calculated
    $150,056
    From this org
    $143,628
    From related orgs
    $0
    Other
    $6,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,628
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $6,428
    Filer's total
    $150,056

  • ADRIA GARRIGA ALONSO

    RESEARCH SCIENTIST

    Total calculated
    $115,705
    From this org
    $109,621
    From related orgs
    $0
    Other
    $6,084
    Hours/week
    40

  • SAWYER BERNATH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LAWRENCE CHAN

    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. 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
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349306365

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