Logistics Management Institute
- Assets
- $438.0m
- Revenue
- $63.8m
- Investments
- $0.0
- Employees
- 49
- Location
- Mclean, VA
- Founding
- 01/1962
- Data as of
- 12/2023
- EIN
- 52-0741393
Organization Overview
Logistics Management Institute, operating under the name Noblereach Foundation, is located in Mclean, VA. The organization was established in 1962. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2023, Noblereach Foundation employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noblereach 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 12/2023, Noblereach Foundation generated $63.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $70.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 9 years. 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
NOBLEREACH'S MISSION IS TO DEVELOP AND MOBILIZE AMERICA'S TOP TALENT AND INNOVATION NETWORKS ACROSS ACADEMIA, INDUSTRY, AND GOVERNMENT FOR HIGH-IMPACT SOLUTIONS THAT STRENGTHEN THE SECURITY AND PROSPERITY OF OUR NATION. OUR VISION IS TO INSPIRE AND CATALYZE A RENEWED SPIRIT OF NATIONAL SERVICE BY UNITING THE BEST AND THE BRIGHTEST MINDS TO SOLVE OUR NATION'S MOST PRESSING CHALLENGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE COMPANY'S FIRST FULL YEAR OPERATING AS NOBLEREACH, WE LAUNCHED AND BEGAN TO SCALE THREE MAIN AREAS OF PROGRAM SERVICE: ACADEMIC PARTNERSHIPS, INNOVATION, AND TALENT PROGRAMS.ACADEMIC PARTNERSHIPS. NOBLEREACH IS EXPANDING AND DEEPENING ITS ACADEMIC PARTNERSHIPS WITH A DIVERSE RANGE OF COLLEGES AND UNIVERSITIES THROUGH CASE COMPETITIONS, CONVENINGS, AND CURRICULUM OFFERINGS. IN 2023, WE HOSTED ENTREPRENEURSHIP AND PUBLIC SERVICE CASE COMPETITIONS WITH HOWARD UNIVERSITY AND GEORGIA SOUTHERN CASE SCHOOL OF BUSINESS AND ARE DEVELOPING ADDITIONAL PARTNERSHIPS WITH OTHER UNIVERSITIES TO LAUNCH PUBLIC SERVICE-FOCUSED PROGRAMS AND CURRICULA IN 2024.
INNOVATION. NOBLEREACH'S PARTNERSHIP WITH THE DEFENSE ADVANCED RESEARCH PROJECTS AGENCY SUCCESSFULLY HELPED COMMERCIALIZE OVER 100 GOVERNMENT-FUNDED TECHNOLOGIES AND VENTURES. OUR PARTNERSHIP WITH THE NATIONAL SCIENCE FOUNDATION'S TECHNOLOGY, INNOVATION, AND PARTNERSHIPS DIRECTORATE HELPED TRANSLATE AND COMMERCIALIZE THE IMPACTFUL WORK OF NEARLY A DOZEN NSF-FUNDED RESEARCHERS.
TALENT. NOBLEREACH LAUNCHED ITS FIRST INTERNSHIP PROGRAM - AN EXPERIENTIAL LEARNING OPPORTUNITY TO HELP INSPIRE AND EDUCATE UNDERGRADUATE STUDENTS TO CONSIDER THE PROMISE AND IMPORTANCE OF GOVERNMENT SERVICE AS PART OF A SUCCESSFUL CAREER. IN 2023, WE ALSO BEGAN CREATING THE INFRASTRUCTURE AND RECRUITING TO LAUNCH THE INAUGURAL CLASS OF NOBLEREACH'S SCHOLARS PROGRAM IN AUGUST 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Dunwoody Board Director | Trustee | 1 | $91,500 |
Arun Gupta CEO | OfficerTrustee | 40 | $1,030,473 |
Constantine Saab Board Director | Trustee | 1 | $75,000 |
Dave Mccurdy Board Director | Trustee | 1 | $91,500 |
Leslie Smith Board Director | Trustee | 1 | $75,000 |
Lisa Disbrow Board Chair | OfficerTrustee | 1 | $106,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venable Llp Legal Services | 12/30/23 | $821,538 |
Cohnreznick Accounting Services | 12/30/23 | $561,562 |
Appian Partners Llc Consulting Services | 12/30/23 | $551,628 |
17-09 Llc Strategic Consultant | 12/30/23 | $513,530 |
Kpv Advisors Llc Consulting Services | 12/30/23 | $485,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,426,233 |
| 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 | $7,426,233 |
| Total Program Service Revenue | $44,573,654 |
| Investment income | $11,075,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $633,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,793,339 |
| 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. | $4,930,669 |
| Compensation of current officers, directors, key employees. | $1,281,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,917,512 |
| Pension plan accruals and contributions | $291,856 |
| Other employee benefits | $572,854 |
| Payroll taxes | $639,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $784,722 |
| Fees for services: Accounting | $1,235,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $684,826 |
| Fees for services: Other | $4,092,876 |
| Advertising and promotion | $466,473 |
| Office expenses | $218,900 |
| Information technology | $538,786 |
| Royalties | $158 |
| Occupancy | $4,307,120 |
| Travel | $215,927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $334,655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,082,207 |
| Insurance | $195,099 |
| All other expenses | $397,172 |
| Total functional expenses | $70,843,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,668,407 |
| Savings and temporary cash investments | $12,077,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,106,583 |
| 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 | $1,161,411 |
| Net Land, buildings, and equipment | $566,744 |
| Investments—publicly traded securities | $381,218,410 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $21,145,003 |
| Other assets | $1,012,732 |
| Total assets | $437,956,433 |
| Accounts payable and accrued expenses | $4,308,110 |
| 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 | $19,695,862 |
| Total liabilities | $24,003,972 |
| Net assets without donor restrictions | $413,952,461 |
| 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 | $437,956,433 |