Institute For Advanced Consciousness Studies Inc
- Assets
- $376.1k
- Revenue
- $705.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3926982
Organization Overview
Institute For Advanced Consciousness Studies Inc is located in Santa Monica, CA. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Advanced Consciousness Studies Inc 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, Institute For Advanced Consciousness Studies Inc generated $705.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE FOR ADVANCED CONSCIOUSNESS ("IACS OR ORGANIZATION") IS DEDICATED TO FURTHERING THE SCIENTIFIC UNDERSTANDING OF CONSCIOUSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATED MEDITATION WITH NEUROIMAGING GUIDED NEUROMODULATION - WE PROPOSE TO RECRUIT MEDITATORS WITH VARYING DEGREES OF VIPASSANA MEDITATION EXPERIENCE. THIS WORK WILL LEVERAGE NEUROIMAGING (FMRI AND EEG) AND MACHINE-LEARNING, IN CONJUNCTION WITH EXPONENTIAL RANDOM GRAPH MODELING (ERGM), TO IDENTIFY MEDITATOR-SPECIFIC BRAIN-STATES ASSOCIATED WITH DEEP MEDITATIVE EXPERIENCES AND, SUBSEQUENTLY, UTILIZE NEUROMODULATION (LIFUP) TO "NUDGE" MEDITATORS' BRAINS INTO SAID STATES. THE SPECIFIC AIMS OF THE PROTOCOL ARE TO 1) DECREASE THE AMOUNT OF TIME IT TAKES TO REACH SUCH AN INTENDED STATE, 2) INCREASE THE EXPERIENTIAL DURATION OF SAID STATE, AND 3) IDENTIFY THE NEURAL CORRELATES ASSOCIATED WITH ACHIEVING DEEP MEDITATIVE EXPERIENCES ACROSS INDIVIDUALS.ACCELERATED MEDITATION WITH VIRTUAL REALITY AND NEUROFEEDBACK - WE PROPOSE TO RECRUIT MEDITATORS WITH VARYING DEGREES OF VIPASSANA MEDITATION EXPERIENCE. THIS WORK WILL LEVERAGE MACHINE-LEARNING AND NEUROIMAGING (EEG) TO IDENTIFY MEDITATOR-SPECIFIC BRAIN-STATES ASSOCIATED WITH DEEP MEDITATIVE EXPERIENCES WITH THE INTENT TO LEVERAGE VIRTUAL-REALITY NEUROFEEDBACK TO BEHAVIORALLY GUIDE MEDITATORS TO THEIR SELF-REPORTED OPTIMAL STATE. THE AIMS ARE TO 1) DECREASE THE AMOUNT OF TIME IT TAKES TO REACH SUCH AN INTENDED STATE, 2) INCREASE THE DURATION OF SAID STATE, 3) IDENTIFY THE NEURAL CORRELATES ASSOCIATED WITH ACHIEVING DEEP MEDITATIVE EXPERIENCES, AND 4) OPTIMIZE THE PARADIGM FOR NAIVE MEDITATORS.EMULATING ENTHEOGENS TO ENHANCE EMPATHY - TAKING A THEORY DRIVEN APPROACH TO CREATE BRAIN STATES THAT MOST CLOSELY RESEMBLE THOSE SEEN DURING NON-ORDINARY, SELF-TRANSCENDANT EXPERIENTIAL STATES WITH THE HOPES OF PROMOTING EMPATHIC CONCERN.ALL WITH THE GOAL OF FURTHERING THE SCIENTIFIC UNDERSTANDING OF CONSCIOUSNESS AND TO PROVIDE ECOLOGICALLY VALID TOOLS FOR IMPROVING THE HUMAN EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicco Reggente Secretary/principal Investigator | OfficerTrustee | 60 | $199,129 |
Christof Koch Chair | OfficerTrustee | 0.1 | $0 |
Alexander Sasha Bystritsky President | OfficerTrustee | 1 | $0 |
Martin Monti Treasurer/director | OfficerTrustee | 0.1 | $0 |
Giulio Tononi Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Dell'italia Independent Contractors | 12/30/21 | $111,278 |
Nicco Reggente Independent Contractors | 12/30/21 | $159,583 |
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 | $647,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $647,659 |
| Total Program Service Revenue | $56,790 |
| 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 | $705,591 |
| 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. | $199,129 |
| Compensation of current officers, directors, key employees. | $59,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $234 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,527 |
| Fees for services: Accounting | $10,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $579,666 |
| Advertising and promotion | $8,646 |
| Office expenses | $62,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,317 |
| Travel | $6,643 |
| 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 | $50,141 |
| Insurance | $779 |
| All other expenses | $2,582 |
| Total functional expenses | $1,025,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,213 |
| 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 | $304,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,000 |
| Total assets | $376,088 |
| Accounts payable and accrued expenses | $6,000 |
| 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 | $44,784 |
| Total liabilities | $50,784 |
| Net assets without donor restrictions | $325,304 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $376,088 |