The Jupiter Research Foundation
- Assets
- $420.7k
- Revenue
- $384.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 08/2004
- Data as of
- 12/2022
- EIN
- 20-0513215
Organization Overview
The Jupiter Research Foundation is located in Los Altos, CA. The organization was established in 2004. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jupiter Research Foundation 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 12/2022, Jupiter Research Foundation generated $384.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.6%) each year. All expenses for the organization totaled $205.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (50.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSEMBLY, MAINTENANCE, AND DEPLOYMENT OF AUTONOMOUS MARITIME VEHICLES IN NEAR-SHORE WATERS OF HAWAII ISLAND AND TRANS-OCEANIC MISSIONS. DETECTION OF HUMPBACK AND OTHER WHALES IN PREVIOUSLY UNMONITORED OPEN OCEAN REGIONS..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph D Rizzi Trustee, President | 1 | $0 | |
Bruce Kamolnick Trustee, CFO | 5 | $0 | |
Robert Momsen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $356,423 |
| Interest on Savings | $0 |
| Dividends & Interest | $5 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,065 |
| Capital Gain Net Income | $24,065 |
| Net ST Capital Gain | $24,065 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $4,000 |
| Other Income | $0 |
| Total Revenue | $384,493 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $66,162 |
| Pension plans, employee benefits | -$7,273 |
| Interest | $0 |
| Taxes | $17,648 |
| Depreciation | $0 |
| Occupancy | $79,753 |
| Travel, conferences, and meetings | $872 |
| Printing and publications | $0 |
| Other expenses | $29,721 |
| Total operating and administrative expenses | $205,728 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $205,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,088 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,220 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $332,362 |
| Other assets | $0 |
| Total assets | $420,670 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $360,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $360,000 |