Griffiss Institute Inc
- Assets
- $5.4m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 300
- Location
- Rome, NY
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 03-0500249
Organization Overview
Griffiss Institute Inc is located in Rome, NY. The organization was established in 2004. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Griffiss Institute Inc employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Griffiss Institute 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 12/2021, Griffiss Institute Inc generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $13.2m during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 7 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.
Since 2020, Griffiss Institute Inc has awarded 18 individual grants totaling $686,857. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GRIFFISS INSTITUTE AIMS TO DEVELOP THE NEXT GENERATION OF STEM TALENT AND DEFENSE TECHNOLOGIES THAT WILL STRENGTHEN U.S. NATIONAL SECURITY AND CREATE ECONOMIC OPPORTUNITY FOR OUR REGION, STATE AND NATION. WE ELEVATE TALENT. WE EMPOWER INNOVATION. WE ENABLE EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY ROLE OF THE GI IS TO ADVOCATE AND FACILITATE THE CO-OPERATION OF PRIVATE INDUSTRY, ACADEMIA, AND GOVERNMENT IN DEVELOPING THE NEXT GENERATION OF STEM TALENT AND DEFENSE TECHNOLOGIES THAT WILL STRENGTHEN U.S. NATIONAL SECURITY AND CREATE ECONOMIC OPPORTUNITY FOR OUR REGION, STATE AND NATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Weir Employee | 26.7 | $154,228 | |
Heather Hage Current President & CEO | Officer | 40 | $149,692 |
Regan Johnson Secretary | Officer | 37.5 | $105,546 |
Michael Wessing Former President | Officer | 28 | $97,600 |
Steven Dimeo Treasurer | OfficerTrustee | 1 | $0 |
Patricia Baskinger Chairperson | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oneida County Rent | 12/30/21 | $596,939 |
Mit Qsec Consultants | 12/30/21 | $300,000 |
Masschallenge Consultants | 12/30/21 | $300,801 |
Strategic Engineering Solutions Consultants | 12/30/21 | $442,226 |
Iqm Research Institute Consultants | 12/30/21 | $367,433 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,032,458 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,132,958 |
| Total Program Service Revenue | $139,132 |
| 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 | $13,272,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310,633 |
| Grants and other assistance to domestic individuals. | $62,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $40,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $419,822 |
| Compensation of current officers, directors, key employees. | $130,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,471,879 |
| Pension plan accruals and contributions | $137,933 |
| Other employee benefits | $475,305 |
| Payroll taxes | $300,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,575,314 |
| Advertising and promotion | $0 |
| Office expenses | $43,208 |
| Information technology | $227,537 |
| Royalties | $0 |
| Occupancy | $772,186 |
| Travel | $231,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,407 |
| Insurance | $0 |
| All other expenses | $3,232 |
| Total functional expenses | $13,190,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,884,914 |
| Savings and temporary cash investments | $5,218 |
| Pledges and grants receivable | $2,122,422 |
| Accounts receivable, net | $21,035 |
| 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 | $129,966 |
| Net Land, buildings, and equipment | $1,187,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,351,291 |
| Accounts payable and accrued expenses | $1,705,194 |
| Grants payable | $0 |
| Deferred revenue | $16,545 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,635 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $764,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,886 |
| Total liabilities | $2,630,984 |
| Net assets without donor restrictions | $2,720,307 |
| 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 | $5,351,291 |
Grants Awarded
Over the last fiscal year, Griffiss Institute Inc has awarded $310,633 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BLOOMOPTIX PURPOSE: IDEA NY PROGRAM AWARD | $199,633 |
VISTEX COMPOSITES PURPOSE: IDEA NY PROGRAM AWARD | $75,000 |
CRYPTIC VECTOR LLC PURPOSE: HAS2 FINALIST DEFCON 2021 | $10,000 |
PLAID PARLIAMENT OF PWNG PURPOSE: HAS2 FINALIST DEFCON 2021 | $10,000 |
AIPA INCORPORATED PURPOSE: IDEA NY PROGRAM AWARD | $8,000 |
IMAGINE AERIAL INCORPORATED PURPOSE: IDEA NY PROGRAM AWARD | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Griffiss Institute Inc has recieved totaling $1,461.
| Awarding Organization | Amount |
|---|---|
Technology Club Of Syracuse Syracuse, NY PURPOSE: PROGRAMMING | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Griffiss Institute Inc Rome, NY | $5,351,291 | $13,272,090 |
National Cyber Forensics And Training Alliance Pittsburgh, PA | $13,130,899 | $8,876,225 |
Scratch Foundation Boston, MA | $12,660,412 | $10,034,461 |
Powermylearning Inc New York, NY | $8,303,195 | $9,294,963 |
Software Freedom Conservancy Inc Brooklyn, NY | $6,623,240 | $4,357,006 |
Society For Management Information Systems Mount Laurel, NJ | $1,533,755 | $2,485,460 |
Owasp Foundation Inc Wakefield, MA | $1,369,843 | $2,158,507 |
New York City Foundation For Computer Science Education New York, NY | $1,500,469 | $2,506,361 |
Participatory Culture Foundation Boston, MA | $1,418,302 | $1,710,892 |
Free Software Foundation Inc Boston, MA | $2,824,546 | $1,875,386 |
Entropy Software Foundation Inc Woodbury, NY | $186,783 | $920,000 |
Ethereum Classic Cooperative Llc New York, NY | $5,145,057 | $5,191,092 |