Actus Financial Research Foundation
- Assets
- $285.1k
- Revenue
- $52.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-2651977
Organization Overview
Actus Financial Research Foundation is located in Rockville, MD. The organization was established in 2017. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Actus Financial Research 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 12/2022, Actus Financial Research Foundation generated $52.4k in total revenue. All expenses for the organization totaled $29.7k during the year ending 12/2022.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT "ACTUS" (WHICH STANDS FOR ALGORITHMIC CONTRACT TYPES UNIFIED STANDARDS) BEGAN AS AN EFFORT BY A GROUP OF ACADEMICS, FINANCE EXPERTS, AND FORMER REGULATORS TO DIRECTLY ADDRESS THE DISARRAY IN FINANCIAL DATA REVEALED BY THE 2008 FINANCIAL CRISIS. THE PRIMARY PURPOSE OF ACTUS FINANCIAL RESEARCH FOUNDATION IS TO CONDUCT SCIENTIFIC RESEARCH RELATING TO THE CREATION OF A DATA STANDARD FOR FINANCIAL CONTRACTS THAT WOULD PROVIDE BETTER REGULATORY AND RISK MANAGEMENT INFORMATION TO AVERT PROBLEMS SUCH AS THE 2008 FINANCIAL CRISIS. THE FOUNDATION WORKS TO CREATE A DATA STANDARD AND SOFTWARE/COMPUTER ALGORITHMS FOR THE PURPOSE OF ENABLING FINANCIALS INSTITUTIONS, SCHOLARS, RESEARCHERS, REGULATORY AND OTHER GOVERNMENTAL BODIES TO MODEL THE OPERATION OF FINANCIAL FIRMS AND SYSTEMS USING GRANULAR TRANSACTION AND POSITION DATA. THE ACTUS DATA STANDARD AND ASSOCIATED ALGORITHMS ARE BEING MADE AVAILABLE AS OPEN-SOURCE, ROYALTY-FREE SOFTWARE VIA GITHUB TO ALL LEGALLY QUALIFIED USERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jefferson Braswell Chairman | 30 | $0 | |
Allan Mendelowitz President | 40 | $0 | |
Robert Mark Governor | 10 | $0 | |
Jan Klein Treasurer | 10 | $0 | |
Henriette Elise Breymann Secretary | 10 | $0 | |
John Bottega Governor | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,000 |
| Interest on Savings | $402 |
| 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 | $52,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,733 |
| Total operating and administrative expenses | $29,166 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $29,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,367 |
| Savings and temporary cash investments | $282,708 |
| 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 | $0 |
| Total assets | $285,075 |
| Accounts payable and accrued expenses | $4,634 |
| Grants payable | $5,000 |
| 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 | $9,634 |
Grants Awarded
Over the last fiscal year, Actus Financial Research Foundation has awarded $31,011 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TALISAN ASSOCIATES PURPOSE: AWARD FOR SCIENTIFIC ACHIEVEMENT | $5,000 |
FRANCIS PARR PURPOSE: AWARD FOR SCIENTIFIC ACHIEVEMENT | $5,000 |
ARIADNE BUSINESS ANALYTICS PURPOSE: AWARD FOR SCIENTIFIC ACHIEVEMENT | $10,000 |
BUNDI CONSULTING PURPOSE: AWARD FOR SCIENTIFIC ACHIEVEMENT | $5,000 |
JANIC CAVEGN PURPOSE: AWARD FOR SCIENTIFIC ACHIEVEMENT | $503 |
DAVID CARNEY PURPOSE: AWARD FOR SCIENTIFIC ACHIEVEMENT | $5,000 |