Florida Institute For Human And Machine Cognition
- Assets
- $28.1m
- Revenue
- $28.3m
- Investments
- $0.0
- Employees
- 182
- Location
- Pensacola, FL
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 20-0760849
Organization Overview
Florida Institute For Human And Machine Cognition is located in Pensacola, FL. The organization was established in 2005. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Florida Institute For Human And Machine Cognition employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Institute For Human And Machine Cognition 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 06/2022, Florida Institute For Human And Machine Cognition generated $28.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $26.5m during the year ending 06/2022. While expenses have increased by 9.0% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INFORMATION-TECHNOLOGY RESEARCH, EDUCATION, SCIENTIFIC ADVANCEMENT, AND ECONOMIC DEVELOPMENT AS IT RELATES TO THE COMBINATION OF HUMAN AND MACHINE COGNITION AND ARTIFICIAL INTELLIGENCE.
Describe the Organization's Program Activity:
INFORMATION-TECHNOLOGY RESEARCH, EDUCATION, SCIENTIFIC ADVANCEMENT, AND ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Ford CEO | Officer | 40 | $513,415 |
Timothy Broderick Chief Scientific Officer & | Officer | 40 | $464,316 |
Peter Pirolli Senior Research Scientist | Officer | 40 | $338,810 |
Marcas Bamman Senior Research Scientist | Officer | 40 | $330,355 |
Julie Sheppard Executive Vice President/c | Officer | 40 | $307,248 |
Bonnie Dorr Senior Research Scientist | Officer | 40 | $289,634 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Translational Genomics Research Institut Subcontract | 6/29/22 | $750,651 |
Michigan Technological University Subcontract | 6/29/22 | $321,739 |
Carnegie Mellon University Subcontract | 6/29/22 | $439,918 |
The University Of North Caroli Subcontract | 6/29/22 | $344,448 |
The Rector And Visitors Of The Universit Subcontract | 6/29/22 | $212,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,080,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,201,103 |
| Total Program Service Revenue | $20,765,572 |
| Investment income | $1,942 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,298,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,702,839 |
| Compensation of current officers, directors, key employees. | $2,702,839 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,022,996 |
| Pension plan accruals and contributions | $1,218,839 |
| Other employee benefits | $1,169,322 |
| Payroll taxes | $826,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159,165 |
| Fees for services: Accounting | $45,905 |
| Fees for services: Lobbying | $199,126 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $719,249 |
| Advertising and promotion | $1,732 |
| Office expenses | $804,699 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $510,514 |
| Travel | $296,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,473 |
| Interest | $379,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $912,658 |
| Insurance | $307,860 |
| All other expenses | $92,413 |
| Total functional expenses | $26,534,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,725,058 |
| Savings and temporary cash investments | $667,350 |
| Pledges and grants receivable | $396,413 |
| Accounts receivable, net | $4,583,928 |
| 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 | $101,750 |
| Net Land, buildings, and equipment | $19,614,607 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,522 |
| Total assets | $28,100,628 |
| Accounts payable and accrued expenses | $2,627,426 |
| Grants payable | $0 |
| Deferred revenue | $357,384 |
| 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 | $7,411,762 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,396,572 |
| Net assets without donor restrictions | $17,608,003 |
| Net assets with donor restrictions | $96,053 |
| 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 | $28,100,628 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Florida Institute For Human And Machine Cognition has recieved totaling $779,446.
| Awarding Organization | Amount |
|---|---|
Triumph Gulf Coast Inc Tallahassee, FL PURPOSE: IMHC PROPOSES TO ESTABLISH A CENTER OF EXCELLENCE FOCUSED ON EXPANDING WORK INTO THE CUTTING-EDGE FIELD OF HUMAN HEALTHSPAN, RESILIENCE AND PERFORMANCE. THE GRANT WILL ASSIST IN OPERATIONS, PURCHASING NEW EQUIPMENT, AND IN TURN, ATTRACT MORE RENOWNED SCIENTISTS AND RESEARCHERS. | $745,851 |
Clough Family Foundation Rifle, CO PURPOSE: SUPPORT FOR MULTI-MEDIA LAB & EXO SUIT | $23,000 |
Gulf Power Foundation Inc Pensacola, FL PURPOSE: STEM EDUCATION | $8,500 |
International Paper Company Foundation Memphis, TN PURPOSE: FREE HANDS-ON STEM OPPORTUNITIES FOR YOUTH: SCIENCE SATURDAYS AT IHMC | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $595 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Institute For Human And Machine Cognition Pensacola, FL | $28,100,628 | $28,298,513 |
Fedora Commons Inc Atlanta, GA | $0 | $1,039,056 |
Electronic Discovery Institute Fort Lauderdale, FL | $1,149,920 | $862,555 |
Florida Health Information Management Association Inc Tallahassee, FL | $1,257,040 | $270,093 |
Florida Association Of Management Information Systems Inc Tallahassee, FL | $133,053 | $154,673 |
Technology Education Research Redesign Alliance Tallahassee, FL | $130,454 | $35,790 |
Machinery Information Management Open Systems Alliance Tuscaloosa, AL | $29,832 | $0 |
Society For Management Information Systems Altamonte Springs, FL | $104,146 | $0 |
Data Science Initiative Duluth, GA | $1,973 | $10,494 |
National Science Center Foundation Inc Augusta, GA | $883,855 | $0 |
Concept Web 4 O Inc Delray Beach, FL | $202 | $0 |