Sunwater Institute
- Assets
- $4.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Rockville, MD
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 82-3170835
Organization Overview
Sunwater Institute is located in Rockville, MD. The organization was established in 2019. According to its NTEE Classification (R05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Sunwater Institute employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunwater Institute 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, Sunwater Institute generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $3.0m during the year ending 12/2023. 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
THE SUNWATER INSTITUTE'S MISSION IS TO STRENGTHEN THE FOUNDATIONS OF DEMOCRACY THROUGH INTERDISCIPLINARY SCIENCE, TECHNOLOGY, AND OPEN DIALOGUE TO FOSTER A SOCIETY BUILT ON INDIVIDUAL LIBERTY REACHING ITS MAXIMUM POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUNWATER INSTITUTE FOCUSES ON THREE FUNDAMENTAL CONCEPTS PROPERTY, ON WHICH OUR ECONOMY IS BUILT, GROUP DECISION-MAKING, ON WHICH OUR GOVERNMENT IS BUILT, AND RIGHTS AND LIBERTIES, ON WHICH OUR FREEDOM IS BUILT. THE FOCUS ON THESE FUNDAMENTAL CONCEPTS, ALONG WITH A LONG-TERM, INTERDISCIPLINARY, AND NONPARTISAN APPROACH GIVES THE SUNWATER INSTITUTE A UNIQUE PERSPECTIVE ON DATA RESEARCH, CONFERENCES, TRAININGS, ACADEMIC ARTICLES, SOCIAL MEDIA, AND VIDEO OUTPUTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew M Chervenak Chairman | OfficerTrustee | 10 | $0 |
Stephany N Yu Vice Chairman | OfficerTrustee | 1 | $0 |
Eric Mcandrews Director | Trustee | 0.1 | $0 |
Michael Hickey Director | Trustee | 0.1 | $0 |
Jon Zifferblatt Director | Trustee | 0.1 | $0 |
Stephanie Gualino Treasurer | Officer | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reframe Data Services Llc Professional Information Technology | 12/30/23 | $965,698 |
Jobsity Llc Development Services | 12/30/23 | $180,586 |
Sunwater Capital Management Administrative Services | 12/30/23 | $260,979 |
Lucastle Llc Website Consulting | 12/30/23 | $164,390 |
Critical Technics Llc Cloud/development Services | 12/30/23 | $103,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,159 |
| All other contributions, gifts, grants, and similar amounts not included above | $815,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $834,177 |
| Total Program Service Revenue | $161,756 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $96,437 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,092,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,222 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $891,838 |
| Pension plan accruals and contributions | $16,600 |
| Other employee benefits | $44,589 |
| Payroll taxes | $64,678 |
| Fees for services: Management | $260,979 |
| Fees for services: Legal | $16,303 |
| Fees for services: Accounting | $41,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $928,446 |
| Advertising and promotion | $997 |
| Office expenses | $126,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $268,366 |
| Travel | $8,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $431 |
| Interest | $85,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,442 |
| Insurance | $1,925 |
| All other expenses | $0 |
| Total functional expenses | $3,006,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,903 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,464 |
| Accounts receivable, net | $891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,560 |
| Prepaid expenses and deferred charges | $53,515 |
| Net Land, buildings, and equipment | $24,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,991,560 |
| Other assets | $1,878,689 |
| Total assets | $4,181,600 |
| Accounts payable and accrued expenses | $158,830 |
| Grants payable | $0 |
| Deferred revenue | $86,607 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,574,142 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $60,000 |
| Other liabilities | $2,108,935 |
| Total liabilities | $7,988,514 |
| Net assets without donor restrictions | -$3,921,914 |
| Net assets with donor restrictions | $115,000 |
| 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 | $4,181,600 |
Grants Awarded
Over the last fiscal year, Sunwater Institute has awarded $37,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WAYNE STATE UNIVERSITY PURPOSE: TO FUND ONE NON-RESIDENT LEVIN CENTER FELLOW FOR THE WAYNE STATE UNIVERISITY LAW SCHOOL. | $25,000 |
REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: BCLT FUND | $12,500 |