Internet Security Research Group
- Assets
- $6.1m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-3344200
Organization Overview
Internet Security Research Group is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Internet Security Research Group 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, Internet Security Research Group generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 27.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO REDUCE FINANCIAL, TECHNOLOGICAL, AND EDUCATIONAL BARRIERS TO SECURE COMMUNICATION OVER THE INTERNET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISRG DEVELOPS, OPERATES, AND MAINTAINS SOFTWARE-BASED SYSTEMS AND SERVICES THAT CAN ISSUE FREE DIGITAL CERTIFICATES IN A FULLY AUTOMATED FASHION FOR USE IN ESTABLISHING ENCRYPTED COMMUNICATION CHANNELS OVER THE INTERNET. THESE SYSTEMS ARE DESIGNED SPECIFICALLY TO SERVE THOSE WHO HAVE LITTLE TO NO KNOWLEDGE OF HOW THE UNDERLYING TECHNOLOGY WORKS, AND WHO CANNOT AFFORD TO PAY FOR THE NECESSARY SERVICES OR EXPERTISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Aas Executive Director | OfficerTrustee | 1 | $0 |
Alex Halderman Director | Trustee | 1 | $0 |
Aanchal Gupta Director | Trustee | 1 | $0 |
Christine Runnegar Director | Trustee | 1 | $0 |
Richard Barnes Director | Trustee | 1 | $0 |
Erica Portnoy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Linux Foundation Management Services | 12/30/21 | $3,512,592 |
Rackliveasa Computers Inc Computer Equipment | 12/30/21 | $300,113 |
Sumo Logic Inc Cloud Services | 12/30/21 | $209,247 |
Identrust Services Internet Services | 12/30/21 | $434,316 |
Miguel Ojeda Software Development | 12/30/21 | $134,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,780,417 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,773,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,553,677 |
| Total Program Service Revenue | $0 |
| 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 | $6,560,425 |
| 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 | $3,221,656 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $237,644 |
| 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 | $526,881 |
| Advertising and promotion | $6,544 |
| Office expenses | $51,283 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,030 |
| 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 | $341,810 |
| Insurance | $5,936 |
| All other expenses | $210,210 |
| Total functional expenses | $5,189,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,765,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,096,000 |
| Accounts receivable, net | $152,833 |
| 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 | $414,132 |
| Net Land, buildings, and equipment | $678,407 |
| Investments—publicly traded securities | $16,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,123,679 |
| Accounts payable and accrued expenses | $84,040 |
| Grants payable | $0 |
| Deferred revenue | $1,591,544 |
| 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 | $1,675,584 |
| Net assets without donor restrictions | $3,698,095 |
| Net assets with donor restrictions | $750,000 |
| 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 | $6,123,679 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Internet Security Research Group has recieved totaling $270.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $70 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $70 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $70 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nexus-Woodbourne Family Healing Plymouth, MN | $7,774,084 | $15,090,420 |
Fem Electric Association Inc Ipswich, SD | $42,436,941 | $15,874,732 |
Benedictine Living Communities - Bismarck Inc Minneapolis, MN | $16,928,888 | $16,060,276 |
Simpson Housing Services Inc Minneapolis, MN | $10,361,616 | $11,738,483 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Internet Security Research Group Minneapolis, MN | $6,123,679 | $6,560,425 |
Central Minnesota Housing Partnership Inc St Augusta, MN | $21,605,447 | $4,430,262 |