Kestrel Institute
- Assets
- $2.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Palo Alto, CA
- Founding
- 01/1982
- Data as of
- 12/2021
- EIN
- 94-2750021
Organization Overview
Kestrel Institute is located in Palo Alto, CA. The organization was established in 1982. 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 12/2021, Kestrel Institute employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kestrel 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 12/2021, Kestrel Institute generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCIENTIFIC RESEARCH AND DEVELOPMENT ON METHODS FOR SOFTWARE ASSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONR PROTOGEN:-----------
SRI HORUS:-----------
VANDERBILT MIDAS:THE MIDAS (MODEL-BASED INTENT-DRIVEN ADAPTIVE SOFTWARE) PROJECT IS PART OF DARPA'S IDAS (INTENT-DRIVEN ADAPTIVE SOFTWARE) PROGRAM. THE GOAL IS TO IMPROVE DEVELOPERS' ABILITY AND EFFICIENCY TO ADAPT SOFTWARE BY PROVIDING A FRAMEWORK AND TOOLKIT THAT EXPLICATES THE PROCESS THAT LEADS FROM REQUIREMENTS TO IMPLEMENTATION. THE TEAM IS DEVELOPING AN APPROACH TO COMBINE VANDERBILT'S MODEL-BASED DEVELOPMENT TOOLS LIKE WEBGME WITH KESTREL'S APT TOOLKIT. A MAJOR RESEARCH CHALLENGE IS TO MAKE APT MORE USABLE TO DEVELOPERS WITHOUT A FORMAL METHODS BACKGROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Smith Chief Computer Scientist | Officer | 43.93 | $264,240 |
Eric Smith Chief Executive Officer | Officer | 32 | $237,518 |
Stephen Fitzpatrick Chief Financial Officer & | Officer | 44.22 | $214,850 |
Cordell Green Executive Director & Chief | OfficerTrustee | 20 | $199,005 |
Marcel Becker Computer Scientist | 39.92 | $194,264 | |
Stephen Westfold Assoc Director, Corp Sec & | Officer | 32.17 | $180,141 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The University Of Texas At Austin Offic Provide Research & Development Of Softwa | 12/30/17 | $248,020 |
Kestrel Technology Llc Provide Research & Development Of Softwa | 12/30/17 | $232,365 |
The University Of Texas At Austin Offic Provide Research & Development Of Softwa | 12/30/17 | $248,020 |
Kestrel Technology Llc Provide Research & Development Of Softwa | 12/30/17 | $232,365 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,206,077 |
| All other contributions, gifts, grants, and similar amounts not included above | $179,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,385,836 |
| Total Program Service Revenue | $0 |
| Investment income | $647 |
| 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 | $3,386,483 |
| 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. | $1,215,006 |
| Compensation of current officers, directors, key employees. | $103,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $576,587 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,183 |
| Fees for services: Accounting | $53,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,317 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $12,415 |
| Royalties | $0 |
| Occupancy | $444,000 |
| Travel | $0 |
| 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 | $5,171 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,047,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $2,390,862 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $310,608 |
| 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 | $51,585 |
| Net Land, buildings, and equipment | $10,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $2,764,272 |
| Accounts payable and accrued expenses | $1,354,606 |
| 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 | $0 |
| Total liabilities | $1,354,606 |
| Net assets without donor restrictions | $1,409,666 |
| 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 | $2,764,272 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kestrel Institute has recieved totaling $867,583.
| Awarding Organization | Amount |
|---|---|
Vanderbilt University Nashville, TN PURPOSE: Research | $867,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wadhwani Institute For Artificial Intelligence Foundation Los Altos, CA | $3,256,790 | $7,610,704 |
Imec Inc San Francisco, CA | $1,494,519 | $4,897,734 |
Scintillon Institute San Diego, CA | $1,260,479 | $3,205,276 |
Kestrel Institute Palo Alto, CA | $2,764,272 | $3,386,483 |
Open Research Lab Inc Oakland, CA | $10,022,134 | $10,163,260 |
Sierra Institute For Community And Taylorsville, CA | $4,935,635 | $3,987,418 |
Phoenix Bioinformatics Corporation Newark, CA | $2,438,726 | $1,432,149 |
Scientific Analysis Corp Alameda, CA | $2,082,230 | $1,446,716 |
Biocom Institute San Diego, CA | $371,676 | $1,938,912 |
Group Conscience San Diego, CA | $762,518 | $582,951 |
Project Invent San Francisco, CA | $570,134 | $1,005,665 |
California Biotechnology Foundation Sacramento, CA | $67,850 | $860,600 |