Baron Critical Weather Institute
- Assets
- $864.9k
- Revenue
- $654.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Huntsville, AL
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-4719040
Organization Overview
Baron Critical Weather Institute is located in Huntsville, AL. The organization was established in 2018. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Baron Critical Weather Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baron Critical Weather 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, Baron Critical Weather Institute generated $654.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $161.1k 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
CLASS WEATHER INSTRUMENTATION IN SUPPORT OF PUBLIC SAFETY, EDUCATIONAL OUTREACH, AND ECONOMIC DEVELOPMENT. THE AREA OF THE TENNESSEE VALLEY AND STATE OF ALABAMA HAS ALL THE NATURAL OPPORTUNITIES FOR SUBSTANTIAL STUDY INTO TRANSPORTATION WEATHER AND RESEARCH AND DEVELOPMENT BUT DOES NOT CURRENTLY HAVE ACCESS TO WORLD CLASS INSTRUMENTATION. THE INSTITUTE IS DEDICATED TO ORGANIZING CURRENTLY AVAILABLE INSTRUMENTATION IN REAL TIME AS WELL AS DEVELOPING REAL TIME WEATHER NETWORKS ON LAND, NAVIGABLE WATERWAYS AND OTHER. THE INSTITUTE IS DEDICATED TO EDUCATIONAL OUTREACH AND WILL BE RESPONSIBLE FOR A HANDS-ON EXHIBIT WHICH ALLOWS CITIZENS AND SCIENTISTS TO UNDERSTAND HOW INSTRUMENTATION ASSISTS IN "KNOWING THE WEATHER". THE INSTITUTE WILL CONTRIBUTE DATA AND RESEARCH INTO THE ONGOING STATEWIDE EFFORT TO ENHANCE PUBLIC SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP, COORDINATE AND SUPPORT WORLD CLASS INSTRUMENTATION ACROSS THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Blass Board Member | Trustee | 1 | $0 |
David Driscoll Board Member | Trustee | 1 | $0 |
Jeff Irons Board Member | Trustee | 1 | $0 |
David King Board Member | Trustee | 1 | $0 |
Bob Ludwig Board Member | Trustee | 1 | $0 |
Richard J Marsden Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $600,000 |
| Total Program Service Revenue | $37,511 |
| Investment income | $12,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $654,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,500 |
| Office expenses | $2,013 |
| Information technology | $3,116 |
| Royalties | $0 |
| Occupancy | $7,293 |
| Travel | $5,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,308 |
| Insurance | $10,854 |
| All other expenses | $337 |
| Total functional expenses | $161,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,118 |
| Savings and temporary cash investments | $231,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,089 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $306,160 |
| Total assets | $864,895 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,101 |
| Total liabilities | $5,101 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $859,794 |
| Total liabilities and net assets/fund balances | $864,895 |