Perlan Project Inc is located in Beaverton, OR. The organization was established in 2011. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perlan Project 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, Perlan Project Inc generated $860.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $649.7k 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
USE ZERO EMISSION, HIGH ALTITUDE GLIDERS FLYING IN THE LOWER STRATOSPHERE UP TO THE EDGE OF SPACE TO GATHER DATA ON CONDITIONS BOTH NATURAL AND INTRODUCED BY HUMAN ACTIVITIES THAT IMPACT OUR PLANET'S WEATHER AND CLIMATE .
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKE UPGRADES TO THE PERLAN 2 PRESSURIZED RESEARCH GLIDER IN PREPARATION FOR CONDUCTING FURTHER STUDIES OF THE STRATOSPHERIC MOUNTAIN WAVE GENERATED BY THE POLAR VORTEX OVER THE SOUTHERN ANDES. MODIFY AND FLY A GLIDER TO CARRY A SPECIALLY BUILT JET ENGINE FUELED BY HYDROGEN TO STUDY WHETHER LARGER STRATOSPHERIC CONTRAILS CONTAINING ONLY WATER MAY PERSIST AND FORM CONTRAIL-CIRRUS CLOUD DECKS THAT WHILE CLEANING THE ATMOSPHERE MIGHT UNINTENTIONALLY ACCELERATE GLOBAL WARMING IF AIRCRAFT OF THE FUTURE ARE FUELED BY CLEAN HYDROGEN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward Warnock CEO | OfficerTrustee | 11.54 | $34,969 |
Morgan Sandercock Project Manager | Trustee | 17.31 | $101,225 |
Jim Payne Chairman | OfficerTrustee | 17.31 | $66,837 |
Elizabeth Austin Chief Scientist | Trustee | 11.54 | $0 |
Stephane Fymat Member At Large | Trustee | 0.96 | $0 |
Tim Gardner Member At Large | Trustee | 17.31 | $60,600 |
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 | $16,350 |
Noncash contributions included in lines 1a–1f | $13,040 |
Total Revenue from Contributions, Gifts, Grants & Similar | $16,350 |
Total Program Service Revenue | $843,084 |
Investment income | $50 |
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 | $860,423 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,004 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $480 |
Advertising and promotion | $7,500 |
Office expenses | $2,726 |
Information technology | $14,067 |
Royalties | $0 |
Occupancy | $3,615 |
Travel | $961 |
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 | $120,000 |
Insurance | $1,366 |
All other expenses | $2,498 |
Total functional expenses | $649,714 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $984,498 |
Savings and temporary cash investments | $54,636 |
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 | $450,000 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,489,134 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $1,489,134 |
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 | $1,489,134 |
Organization Name | Assets | Revenue |
---|---|---|
Give To Research Yelm, WA | $4,657,410 | $4,428,357 |
National Space Grant Foundation Inc Albany, OR | $3,342,032 | $3,614,257 |
Vertuelab Portland, OR | $6,880,373 | $2,827,087 |
The National Academies Corporation Irvine, CA | $17,957,983 | $281,213 |
Unitary Fund San Francisco, CA | $536,413 | $835,211 |
Perlan Project Inc Beaverton, OR | $1,489,134 | $860,423 |
Idaho Stem Action Center Foundation Boise, ID | $9,457 | $621,319 |
Center For The Study Of Partisanship And Ideology Sierra Madre, CA | $558,482 | $187,842 |
California Grape Rootstock Research Foundation Sacramento, CA | $2,162,322 | $245,605 |
Siebel Energy Institute Redwood City, CA | $0 | $0 |
Usrca Lafayette, CA | $12,961 | $41,653 |
Phyllis And Mark Leppert Foundation For Fertility Research Bellevue, WA | $1,975 | $0 |
Bill Nye Science Foundation Los Angeles, CA | $248,526 | $0 |
Schefsky Foundation San Francisco, CA | $123,241 | $130 |
Coptic Business Solutions Yorba Linda, CA | $0 | $0 |
Electrijet Research Foundation Greenacres, WA | $406 | $0 |