Incorporated Research Institutions For Seismology
- Assets
- $4.3m
- Revenue
- $25.6m
- Investments
- $0.0
- Employees
- 52
- Location
- Washington, DC
- Founding
- 12/1984
- Data as of
- 06/2022
- EIN
- 52-1362650
Organization Overview
Incorporated Research Institutions For Seismology, operating under the name Iris, is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (M05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 06/2022, Iris employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iris 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, Iris generated $25.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $25.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Iris has awarded 156 individual grants totaling $123,100,219. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FACILITATING RESEARCH AND EDUCATION ON EARTHQUAKES, EARTH STRUCTURE, AND EARTH DYNAMICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUMENTATION SERVICES INCLUDE:- A GLOBAL SEISMOGRAPHIC NETWORK (GSN) OF MORE THAN 150 PERMANENT STATIONS WORLDWIDE FOR OBSERVATIONS OF GLOBAL EARTHQUAKE ACTIVITY AND OTHER NATURAL AND MANMADE SIGNALS.- A LENDING FACILITY (PASSCAL) WITH MORE THAN 3,000 PORTABLE SEISMIC AND MAGNETOTELLURIC INSTRUMENTS FOR TEMPORARY DEPLOYMENTS WORLDWIDE (INCLUDING POLAR REGIONS) FOR STUDIES OF EARTHQUAKES AND EARTH STRUCTURE.-A TRANSPORTABLE ARRAY THAT OPERATES A SEISMOGRAPHIC NETWORK ACROSS THE STATE OF ALASKA AND PARTS OF WESTERN CANADA FOR THE STUDY OF EARTHQUAKES, VOLCANOES, WEATHER, AND OTHER PHENOMENA.
DATA SERVICES (DS) - COLLECTS, ARCHIVES, AND CURATES ALL DATA SENT TO IRIS AND DISSEMINATES DATA UPON REQUEST.
EDUCATION AND PUBLIC OUTREACH (EPO) PROGRAM -DEVELOPS AND DISSEMINATES EARTH SCIENCE-RELATED EDUCATIONAL RESOURCES FOR A WIDE RANGE OF AUDIENCES.
OTHER COMMUNITY ACTIVITIES - INCLUDES SAGE MANAGEMENT/GOVERNANCE, PUBLICATIONS AND WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Woodward President | Officer | 40 | $277,118 |
Robert Busby Senior Program Manager | Officer | 40 | $205,392 |
Jerry Carter Director Of Data Services | Officer | 40 | $193,271 |
Candy Shin CFO / Treasurer | Officer | 40 | $187,537 |
Kent Anderson Portable Program Manager | Officer | 40 | $177,292 |
John Taber Director Of Education & Public Outreach | Officer | 40 | $168,314 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cac Plastics Llc Build Custom Shelters | 6/29/17 | $240,803 |
Genasun Llc Develop Battery Systems | 6/29/17 | $1,887,580 |
Lundgren Design,engineering,assembly Services | 6/29/17 | $236,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,442,822 |
| 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 | $25,442,822 |
| Total Program Service Revenue | $112,936 |
| Investment income | $59,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,057 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,617,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,884,610 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $31,300 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,569,679 |
| Compensation of current officers, directors, key employees. | $530,143 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,560,987 |
| Pension plan accruals and contributions | $365,472 |
| Other employee benefits | $1,688,860 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,828 |
| Fees for services: Accounting | $35,700 |
| Fees for services: Lobbying | $84,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,950 |
| Fees for services: Other | $487,264 |
| Advertising and promotion | $0 |
| Office expenses | $43,549 |
| Information technology | $524,112 |
| Royalties | $0 |
| Occupancy | $795,687 |
| Travel | $373,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $183,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,832 |
| Insurance | $41,276 |
| All other expenses | $0 |
| Total functional expenses | $25,807,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663 |
| Savings and temporary cash investments | $336,663 |
| Pledges and grants receivable | $1,265,827 |
| Accounts receivable, net | $145,446 |
| 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 | $138,230 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,386,623 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,273,452 |
| Accounts payable and accrued expenses | $1,175,929 |
| Grants payable | $1,165,205 |
| 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 | $119,273 |
| Total liabilities | $2,460,407 |
| Net assets without donor restrictions | $1,813,045 |
| 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 | $4,273,452 |
Grants Awarded
Over the last fiscal year, Incorporated Research Institutions For Seismology has awarded $8,884,610 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Socorro, NM PURPOSE: OPERATIONS OF THE IRIS/PASSCAL INSTRUMENT CENTER; GLISN SUPPORT | $3,946,752 |
La Jolla, CA PURPOSE: GLOBAL SEISMOGRAPHIC NETWORK PROGRAM; USARRAY NETWORK FACILITY OPERATION AND MAINTENANCE; ARRAY NETWORK FACILITY-METADATA | $3,894,843 |
RECON LLC PURPOSE: TA RECONNAISSANCE AND STATION DEPLOYMENT SUPPORT IN ALASKA | $362,868 |
UNIV OF TEXAS EL PASO PURPOSE: PROGRAM FOR ARRAY SEISMIC STUDIES OF THE CONTINENTAL LITHOSPHERE | $337,262 |
OREGON STATE UNIVERSITY PURPOSE: MT SURVEY FOR NASA | $125,037 |
LAWERENCE LIVERMORE NATIONAL LABORATORY PURPOSE: ONGOING OPERATIONS AND MAINTENANCE OF QC FEEDBACK OF IRIS ADC | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Incorporated Research Institutions For Seismology has recieved totaling $27,200.
| Awarding Organization | Amount |
|---|---|
Unavco Inc Boulder, CO PURPOSE: SUPPORT FOR THE GEODETIC FACILITY FOR THE ADVANCEMENT OF GEOSCIENCE | $27,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Disaster Philanthropy Inc Washington, DC | $30,461,174 | $19,766,587 |
Incorporated Research Institutions For Seismology Washington, DC | $4,273,452 | $25,617,045 |
American Transportation Research Institute Inc Washington, DC | $2,958,171 | $2,618,936 |
Institute For Safer Trucking Washington, DC | $133,239 | $307,120 |
Crash Core Ellicott City, MD | $20,060 | $213,227 |
Automotive Safety Research Institute Charlottesville, VA | $925,167 | $9,224 |
Dr Musau Wakabongo Science Education Inc Richmond, VA | $1,404 | $0 |
Dara Inc Washington, DC | $108,178 | $0 |