Coherent Research Institute Inc
- Assets
- $351.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 80-0281180
Organization Overview
Coherent Research Institute Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coherent Research Institute Inc 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, Coherent Research Institute Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $894.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward W Conard President/treasurer/director | 40 | $0 | |
Charles Baird Jr Director | 2 | $0 | |
Michael Jacobson Secretary/director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blip Analytics | 12/30/21 | $90,567 |
Steven A Bogden | 12/30/21 | $205,000 |
Peter Barden | 12/30/21 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $82 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $130,000 |
| Pension plans, employee benefits | $11,234 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $173,858 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,808 |
| Total operating and administrative expenses | $894,262 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $894,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $321,067 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $30,000 |
| Total assets | $351,067 |
| Accounts payable and accrued expenses | $501 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $501 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Coherent Research Institute Inc has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Conard-Davis Family Foundation New York, NY PURPOSE: LITERARY/EDUCATIONAL ENDEAVORS | $500,000 |
Conard-Davis Family Foundation New York, NY PURPOSE: LITERARY/EDUCATIONAL ENDEAVORS | $500,000 |
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|---|---|---|
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