Tesseract Research Center Inc
- Assets
- $2.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Washington, DC
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-4552853
Organization Overview
Tesseract Research Center Inc, operating under the name Patriotic Millionaires Research Center, is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2023, Patriotic Millionaires Research Center employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patriotic Millionaires Research Center 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, Patriotic Millionaires Research Center generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 22.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TESSERACT RESEARCH CENTER, INC IS A NON-PROFIT, NON PARTISAN ORGANIZATION DEDICATED TO PROMOTING KNOWLEDGE ABOUT PUBLIC POLICY, THE ECONOMY AND THE IMPORTANCE OF A STRONG DEMOCRACY THROUGH PUBLIC EDUCATION, RESEARCH, PUBLICATIONS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JANE DOE V. TRUMP - FUND REASONABLE LITIGATION FEES AND EXPENSES FOR A LAWSUIT AGAINST THE TRUMP CORPORATION, DONALD J. TRUMP, DONALD TRUMP JR., ERIC TRUMP, AND IVANKA TRUMP CONCERNING THE PROMOTION AND ENDORSEMENT OF CERTAIN CONSUMER-FACING TRAINING PROGRAMS AND BUSINESS OPPORTUNITIES, INCLUDING AMERICAN COMMUNICATIONS NETWORK (ACN, INC.). EXPENSES COVERED UNDER TERMS OF THE GRANT INCLUDE THOSE INCURRED FOR (A) CHARGES FROM THE LAW FIRMS CONDUCTING THE LITIGATION, AS DOCUMENTED BY DETAILED INVOICES, AND (B) COSTS OF THE LITIGATION AS DOCUMENTED BY INVOICES WHICH ARE APPROVED BY THE LAW FIRMS.
PATRIOTIC MILLIONAIRES - FOCUSES ON BUILDING A MORE STABLE, PROSPEROUS, AND INCLUSIVE NATION BY PROMOTING PUBLIC POLICIES BASED ON THE "FIRST PRINCIPLES" OF EQUAL POLITICAL REPRESENTATION, A GUARANTEED LIVING WAGE FOR ALL WORKING CITIZENS, AND A FAIR TAX SYSTEM. THE PROGRAM STRIVES TO ENSURE THAT:1)ALL CITIZENS SHOULD ENJOY POLITICAL POWER EQUAL TO THAT ENJOYED BY MILLIONAIRES;AND 2)ALL CITIZENS WHO WORK FULL TIME SHOULD BE ABLE TO AFFORD THEIR BASIC NEEDS;TAX RECEIPTS FROM MILLIONAIRES, BILLIONAIRES AND CORPORATIONS SHOULD MAKE UP A GREATER PROPORTION OF FEDERAL TAX RECEIPTS.
THE GREAT ECONOMY PROJECT IS A NON-PARTISAN EFFORT TO ORGANIZE GROUPS OF PEOPLE IN RURAL PARTS OF NORTH CAROLINA, WISCONSIN, AND PENNSYLVANIA TO LEARN ABOUT THE POLICIES THAT THE CENTER IS WORKING ON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Payne President | OfficerTrustee | 30 | $246,875 |
Jodie Rubenstein Treasurer/secretary | Officer | 30 | $170,220 |
Rene Felt Art Director | 30 | $99,844 | |
Dylan Dusseault Political Director | 30 | $89,209 | |
Sam Quigley Communications Director | 30 | $106,660 | |
Gene Haigh Senior Advisor | 30 | $86,900 |
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 | $3,883,867 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,883,867 |
| Total Program Service Revenue | $0 |
| Investment income | $343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,884,210 |
| 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. | $361,426 |
| Compensation of current officers, directors, key employees. | $22,903 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $893,661 |
| Pension plan accruals and contributions | $67,597 |
| Other employee benefits | $184,161 |
| Payroll taxes | $91,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,181,479 |
| Fees for services: Accounting | $31,629 |
| Fees for services: Lobbying | $3,186 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,931 |
| Advertising and promotion | $232,255 |
| Office expenses | $38,286 |
| Information technology | $113,016 |
| Royalties | $0 |
| Occupancy | $19,946 |
| Travel | $97,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $284,525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,403 |
| Insurance | $13,429 |
| All other expenses | $331 |
| Total functional expenses | $4,792,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,821,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $61,582 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,388 |
| Total assets | $2,050,986 |
| Accounts payable and accrued expenses | $102,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $102,484 |
| Net assets without donor restrictions | $338,935 |
| Net assets with donor restrictions | $1,609,567 |
| 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 | $2,050,986 |