Riverside Research Institute
- Assets
- $142.4m
- Revenue
- $162.7m
- Investments
- $56.4m
- Employees
- 848
- Location
- Arlington, VA
- Founding
- 09/1967
- Data as of
- 12/2023
- EIN
- 13-2593244
Organization Overview
Riverside Research Institute is located in Arlington, VA. The organization was established in 1967. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. As of 12/2023, Riverside Research Institute employed 848 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Research Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Riverside Research Institute generated $162.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $149.2m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Riverside Research Institute has awarded 24 individual grants totaling $937,434. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NATURE OF ITS ACTIVITIES ARE TO ENGAGE IN AND SUPPORT SCIENTIFIC RESEARCH.
Describe the Organization's Program Activity:
THE INSTITUTE ENGAGES IN AND SUPPORTS SCIENTIFIC RESEARCH, ON BEHALF OF THE U.S. GOVERNMENT AND ITS AGENCIES AS WELL AS THE NATIONAL INSTITUTE OF HEALTH, ON VARIOUS CLASSIFIED AND UNCLASSIFIED PROGRAMS IN A VARIETY OF AREAS INCLUDING RADAR AND CYBER TECHNOLOGY AS WELL AS THE IDENTIFICATION AND TREATMENT OF CERTAIN CANCERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S R Omick PHD President And CEO | OfficerTrustee | 40 | $1,188,687 |
K Powers Cfo, Treasurer, & Corp Sec | Officer | 40 | $519,439 |
M Barefoot VP Bu Director | Officer | 40 | $422,953 |
J Pursel VP Bu Director | Officer | 40 | $382,500 |
V Arthur Director (thru 11/23) | 40 | $366,239 | |
J Luke VP Bu Director | Officer | 40 | $346,950 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles River Analytics Inc Subcontractor Svcs | 12/30/23 | $635,095 |
Grayerock Llc Consultant Services | 12/30/23 | $540,614 |
Trustees Of Boston University Subcontractor Svcs | 12/30/23 | $511,870 |
Infobalize Llc Consultant Services | 12/30/23 | $437,897 |
Applied Research Solutions Inc Subcontractor Svcs | 12/30/23 | $476,691 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $157,666,398 |
| Investment income | $5,436,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$464,539 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,656,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,626,251 |
| Compensation of current officers, directors, key employees. | $2,709,827 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,432,727 |
| Pension plan accruals and contributions | $4,953,936 |
| Other employee benefits | $8,491,495 |
| Payroll taxes | $6,774,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $142,523 |
| Fees for services: Accounting | $237,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $90,037 |
| Fees for services: Other | $16,047,780 |
| Advertising and promotion | $183,679 |
| Office expenses | $786,601 |
| Information technology | $3,050,777 |
| Royalties | $0 |
| Occupancy | $3,445,760 |
| Travel | $3,693,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $202,980 |
| Interest | $2,771 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,149,228 |
| Insurance | $449,254 |
| All other expenses | $0 |
| Total functional expenses | $149,206,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,190 |
| Savings and temporary cash investments | $22,015,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,608,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,794,222 |
| Net Land, buildings, and equipment | $20,284,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $56,375,641 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,293,804 |
| Total assets | $142,413,433 |
| Accounts payable and accrued expenses | $20,393,170 |
| Grants payable | $0 |
| Deferred revenue | $818,031 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,541,548 |
| Total liabilities | $46,752,749 |
| Net assets without donor restrictions | $95,660,684 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $142,413,433 |
Grants Awarded
Over the last fiscal year, Riverside Research Institute has awarded $170,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL INTELLIGENCE UNIVERSITY PURPOSE: FURTHERING STUDY IN STEM | $150,000 |
VIRGINIA STEM PURPOSE: FURTHERING STUDY IN STEM | $20,000 |