Kestrel Institute
- Assets
- $3.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Palo Alto, CA
- Founding
- 01/1982
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Kestrel Institute generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 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
2022
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
AFRL FIGHT TONIGHT:-----------
ONR PROTOGEN:-----------
ROCKWELL:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cordell Green Executive Director & Chief | OfficerTrustee | 4.85 | $57,455 |
Margarita Altamirano Director | Trustee | 1 | $0 |
David Desante Director | Trustee | 1 | $0 |
Stephen Westfold Assoc Director, Corp Sec & | Officer | 33.1 | $195,017 |
Stephen Fitzpatrick Chief Financial Officer & | Officer | 42.94 | $217,353 |
Eric Smith Chief Executive Officer | Officer | 31.68 | $293,178 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caci Inc Development, Integration And Maintenance | 12/30/22 | $195,327 |
Leidos Inc Research And Development | 12/30/22 | $199,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,964,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,126,173 |
| Total Program Service Revenue | $0 |
| Investment income | $3,223 |
| 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 | $4,129,396 |
| 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. | $1,139,564 |
| Compensation of current officers, directors, key employees. | $84,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $461,573 |
| Payroll taxes | $138,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $963 |
| Fees for services: Accounting | $64,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,343 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $13,036 |
| Royalties | $0 |
| Occupancy | $45,600 |
| Travel | $10,892 |
| 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 | $3,462 |
| Insurance | $0 |
| All other expenses | -$412 |
| Total functional expenses | $3,535,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199 |
| Savings and temporary cash investments | $2,822,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $880,499 |
| 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 | $54,685 |
| Net Land, buildings, and equipment | $6,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $3,765,583 |
| Accounts payable and accrued expenses | $1,762,293 |
| 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 | $1,762,293 |
| Net assets without donor restrictions | $2,003,290 |
| 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 | $3,765,583 |