Corporation For National Research Initiatives
- Assets
- $8.6m
- Revenue
- $3.1m
- Investments
- $159.9k
- Employees
- 16
- Location
- Reston, VA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 52-1447747
Organization Overview
Corporation For National Research Initiatives is located in Reston, VA. The organization was established in 1991. 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 12/2021, Corporation For National Research Initiatives employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation For National Research Initiatives 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 12/2021, Corporation For National Research Initiatives generated $3.1m 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 (5.5%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCIENTIFIC RESEARCH IN INFORMATION PROCESSING; FOSTERING DEV. OF NAT'L INF. INFRA.
Describe the Organization's Program Activity:
DESIGN & DEVELOPMENT OF INFORMATION MANAGEMENT TECHNOLOGY - DESIGN, DEVELOP, TEST AND EVALUATE INFORMATION MANAGEMENT TECHNOLOGY IN SUPPORT OF INFORMATION INFRASTRUCTURE IN THE PUBLIC INTEREST.APPLICATIONS OF INFORMATION MANAGEMENT TECHNOLOGY - DEVELOP AND DEMONSTRATE ILLUSTRATIVE APPLICATIONS OF INFORMATION MANAGEMENT TECHNOLOGY, SUPPORT STANDARDS DEVELOPMENT, AND PROVIDE OTHER ASSISTANCE FOR ADOPTION AND USE OF THE TECHNOLOGY.
MEMS EXCHANGE - PROVIDE PROTOTYPE DESIGN AND FABRICATION SERVICES TO THE MEMS & NANOTECHNOLOGY RESEARCH AND DEVELOPMENT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia J Tierney Comptroller Sec & Treasury | Officer | 34 | $184,944 |
Michael Huff Mems Exchange Director | Officer | 30 | $183,950 |
Robert E Kahn President & CEO | OfficerTrustee | 25 | $172,531 |
Jane H Euler Sr Technology Admin | 40 | $138,424 | |
Xun Sun Sr Member Of Tech Staff | 40 | $133,532 | |
Stanley P Weilnau Systems/ Network Engineer | 40 | $128,780 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crowell Moring Llp Legal | 12/30/15 | $181,284 |
Law Offices Of Patrice Lyons Legal | 12/30/15 | $115,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,329,681 |
| Government grants | $0 |
| 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 | $1,329,681 |
| Total Program Service Revenue | $1,949,178 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$212,649 |
| 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 | $3,063,779 |
| 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. | $1,173,878 |
| Compensation of current officers, directors, key employees. | $644,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $695,245 |
| Pension plan accruals and contributions | $180,071 |
| Other employee benefits | $233,857 |
| Payroll taxes | $130,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,648 |
| Fees for services: Accounting | $40,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,398 |
| Advertising and promotion | $0 |
| Office expenses | $81,688 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $359,171 |
| Travel | $238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,764 |
| Insurance | $94,548 |
| All other expenses | $0 |
| Total functional expenses | $3,497,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $734,891 |
| Pledges and grants receivable | $300,000 |
| Accounts receivable, net | $239,264 |
| 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 | $101,740 |
| Net Land, buildings, and equipment | $6,411,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $159,916 |
| Investments—program-related | $0 |
| Intangible assets | $675,303 |
| Other assets | $0 |
| Total assets | $8,623,101 |
| Accounts payable and accrued expenses | $1,191,972 |
| Grants payable | $0 |
| Deferred revenue | $192,495 |
| 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 | $4,947,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,332,419 |
| Net assets without donor restrictions | $2,290,682 |
| 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 | $8,623,101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For The Advancement Of Artificial Intelligence Washington, DC | $19,385,955 | $5,665,964 |
Nc Idea Durham, NC | $0 | -$1,424,982 |
Corporation For National Research Initiatives Reston, VA | $8,623,101 | $3,063,779 |
Real Estate Standards Organization Raleigh, NC | $3,130,508 | $3,018,827 |
National Information Standards Organization Z39 Baltimore, MD | $521,877 | $1,172,715 |
Information Technology Alliance Inc Raleigh, NC | $454,867 | $819,469 |
Software Education Foundation Washington, DC | $3,747,307 | $224,471 |
Csra Inc Veba Tr Reston, VA | $2,257,065 | $668,158 |
Standard Performance Evaluation Corporation Gainesville, VA | $3,321,624 | $829,986 |
Mid-Atlantic Research Infrastructure Alliance Blacksburg, VA | $1,655,387 | $558,133 |
World Information Technology And Services Alliance Fairfax, VA | $97,179 | $57,997 |
Us Technology Leadership Council Alexandria, VA | $119,120 | $235,609 |