Responsible Artificial Intelligence Institute
- Assets
- $77.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Austin, TX
- Founding
- Data as of
- 08/2023
- EIN
- 84-3488959
Organization Overview
Responsible Artificial Intelligence Institute is located in Austin, TX. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 08/2023, Responsible Artificial Intelligence Institute employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Responsible Artificial Intelligence 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 08/2023, Responsible Artificial Intelligence Institute generated $1.1m in total revenue. All expenses for the organization totaled $1.1m during the year ending 08/2023. While expenses have increased by 72.2% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLABORATIVELY GUIDE AND FOCUS THE RESPONSIBLE USE OF ARTIFICIAL INTELLIGENCE TO MAXIMIZE BENEFITS FOR HUMANKIND AND THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHING AND BUILDING A RESPONSIBLE AI CERTIFICATION MARK RESPONSIBLE AI CHECK AND DEFINING RESPONSIBLE AI WITH PRACTICAL TOOLS AND EXPERT GUIDANCE ON DATA RIGHTS, PRIVACY, SECURITY, EXPLAINABILITY, AND FAIRNESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Edwards Secretary | Officer | 25 | $42,000 |
Matt Sanchez Vice President | Officer | 5 | $0 |
Manoj Saxena President And Director | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $92,078 |
| Membership dues | $911,570 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,648 |
| Total Program Service Revenue | $133,471 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,137,119 |
| 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. | $374,312 |
| Compensation of current officers, directors, key employees. | $289,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,962 |
| Pension plan accruals and contributions | $7,839 |
| Other employee benefits | $28,859 |
| Payroll taxes | $33,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,182 |
| Fees for services: Accounting | $11,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $334,548 |
| Advertising and promotion | $2,141 |
| Office expenses | $12,182 |
| Information technology | $21,288 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,831 |
| Interest | $159 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,792 |
| All other expenses | $0 |
| Total functional expenses | $1,078,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,207 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,207 |
| Accounts payable and accrued expenses | $5,383 |
| 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 | $1,646 |
| Total liabilities | $7,029 |
| 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 | $70,178 |
| Total liabilities and net assets/fund balances | $77,207 |