Research Institutes
- Assets
- $250.0k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Hayes, VA
- Founding
- Data as of
- 12/2023
- 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 12/2023, Research Institutes generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 29.9% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZION SAKE
CALVARY BAPTIST CHURCH
OPEN DOOR BAPTIST CHURCH
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed COO | 75 | $250,000 | |
Gary White COO Researcher | 35 | $76,148 | |
Dr Femi Obasun PHD Dba CEO | 65 | $34,000 | |
Jennifer Chadinha VP | 45 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,958,463 |
| Interest on Savings | $150,000 |
| 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 | $2,134,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $558,971 |
| Other employee salaries and wages | $750,795 |
| Pension plans, employee benefits | $35,789 |
| Interest | $41,789 |
| Taxes | $55,489 |
| Depreciation | $0 |
| Occupancy | $51,600 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $15,789 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,582,952 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,582,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $250,000 |
| 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 | $250,000 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $250,000 |
| Other liabilities | $0 |
| Total liabilities | $250,000 |
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 | $756,318 | $2,408,627 |
Thisisplace Foundation Washington, DC | $1,247,471 | $2,860,123 |
T Howard Foundation Silver Spring, MD | $2,016,319 | $1,774,821 |
Research Institutes Hayes, VA | $250,000 | $2,134,251 |
Institute For Philanthropic Leadership Charlotte, NC | $29,974 | $0 |