Research Institutes
- Assets
- $992.2k
- Revenue
- $958.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Hayes, VA
- Founding
- Data as of
- 12/2022
- EIN
- 82-4585188
Organization Overview
Research Institutes is located in Hayes, VA. According to its NTEE Classification (T05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Research Institutes 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, Research Institutes generated $958.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $865.8k during the year ending 12/2022. While expenses have increased by 19.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZION SAKE
LIBERTY UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Controler | 32 | $176,821 | |
Dr Femi Obasun President | 80 | $11,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $958,927 |
| Interest on Savings | $0 |
| 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 | $958,927 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $443,526 |
| Other employee salaries and wages | $231,789 |
| Pension plans, employee benefits | $0 |
| Interest | $23,561 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $43,871 |
| Travel, conferences, and meetings | $75,241 |
| Printing and publications | $32,671 |
| Other expenses | $0 |
| Total operating and administrative expenses | $855,819 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $865,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,108 |
| Savings and temporary cash investments | $13,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $720,000 |
| Receivables from Officers, Directors, or Controlling Persons | $63,000 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93,108 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $992,216 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $720,000 |
| 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 | $720,000 |
Grants Awarded
Over the last fiscal year, Research Institutes has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIBERTY UNIVERSITY PURPOSE: RESEARCH | $5,000 |
NORTHCENTRAL UNIVERSITY PURPOSE: STUDY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marijuana Policy Project Foundation Washington, DC | $1,435,330 | $1,084,662 |
T Howard Foundation Silver Spring, MD | $1,912,943 | $1,824,700 |
Thisisplace Foundation Washington, DC | $1,205,273 | $1,172,719 |
Research Institutes Hayes, VA | $992,216 | $958,927 |
Institute For Philanthropic Leadership Charlotte, NC | $29,974 | $0 |