Institute For Future Intelligence Inc
- Assets
- $316.5k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Natick, MA
- Founding
- Data as of
- 09/2022
- EIN
- 85-1383592
Organization Overview
Institute For Future Intelligence Inc is located in Natick, MA. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 09/2022, Institute For Future Intelligence Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Future Intelligence 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 09/2022, Institute For Future Intelligence Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 39.7% each year . All expenses for the organization totaled $1.1m during the year ending 09/2022. While expenses have increased by 41.4% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BECOME A LEADING INSTITUTION IN RESEARCH AND DEVELOPMENT THAT FOCUSES ON REIMAGING THE RELATIONSHIP BETWEEN HUMAN AND MACHINE AND PREPARING FOR ITS PROFOUND IMPACTS ON SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE AND ENGINEERING EDUCATION FOR INFRASTRUCTURE TRANSFORMATION - THIS PROJECT HAS CREATED A CYBERINFRASTRUCTURE THAT SUPPORTS CITIZEN SCIENCE IN THE CONTEXT OF ENERGY TO BRIDGE FORMAL AND INFORMAL SCIENCE EDUCATION AND STUDIED ITS EFFECTIVENESS FOR SUPPORTING STUDENT LEARNING. IT HAS PRODUCED THREE OPEN-SOURCE SOFTWARE PROGRAMS INFRARED EXPLORER, TELELAB, AND INFRARED STREET VIEW. IT HAS PUBLISHED MORE THAN TEN PAPERS IN PEER-REVIEWED ACADEMIC JOURNALS.
SMARTCAD GUIDING ENGINEERING DESIGN WITH SCIENCE AND SIMULATIONS - THIS PROJECT INVESTIGATED HOW SCIENCE SIMULATIONS AND ARTIFICIAL INTELLIGENCE CAN BE EMBEDDED IN ENGINEERING DESIGN TOOLS TO GUIDE STUDENTS IN SOLVING DESIGN CHALLENGES. IT HAS DEVELOPED AN OPEN-SOURCE CAD SOFTWARE TOOL NAMED AS ALADDIN, WHICH SUPPORTS ARCHITECTURAL ENGINEERING AND RENEWABLE ENERGY ENGINEERING. IT HAS CONDUCTED RESEARCH IN SEVERAL MIDDLE AND HIGH SCHOOLS, INVOLVING HUNDREDS OF STUDENTS FROM DIVERSE SOCIOECONOMIC BACKGROUNDS.
EDUCATING GENERATIVE DESIGNERS IN ENGINEERING - IN COLLABORATION WITH THE UNIVERSITY OF TEXAS AT AUSTIN, THIS PROJECT DEVELOPS GENERATIVE DESIGN SOFTWARE THAT SUPPORTS THE RESEARCH AND DEVELOPMENT OF GENERATIVE DESIGN THINKING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Xie Ceo/treasurer | Officer | 40 | $180,766 |
Kenneth Yang Cfo/clerk | Officer | 7 | $25,291 |
Dylan Bulseco Senior Vice President | Officer | 4 | $3,340 |
Janice Mokros President | Trustee | 0.5 | $0 |
Dave Bursell Director | Trustee | 0.5 | $0 |
Alejandra Magana Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $980,270 |
| 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 | $980,270 |
| Total Program Service Revenue | $66,646 |
| 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 | $1,046,916 |
| 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. | $231,259 |
| Compensation of current officers, directors, key employees. | $18,186 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,004 |
| Payroll taxes | $32,728 |
| Fees for services: Management | $2,700 |
| Fees for services: Legal | $1,210 |
| Fees for services: Accounting | $2,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,360 |
| Fees for services: Other | $46,870 |
| Advertising and promotion | $0 |
| Office expenses | $436 |
| Information technology | $7,957 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199 |
| Interest | $594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,058,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,228 |
| 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 | $316,458 |
| Accounts payable and accrued expenses | $260,797 |
| 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 | $59,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $320,297 |
| Net assets without donor restrictions | -$3,839 |
| 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 | $316,458 |