Iqm Research Institute
- Assets
- $468.5k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Ann Arbor, MI
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 47-1793768
Organization Overview
Iqm Research Institute, operating under the name Iqmri, is located in Ann Arbor, MI. The organization was established in 2017. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Iqmri employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iqmri 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, Iqmri generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $901.6k during the year ending 12/2021. 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
PERFORM FUNDAMENTAL AND APPLIED RESEARCH FOR GOVERNMENTAL AND EDUCATIONAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND DEVELOP VEHICULAR CYBERSECURITY.
ARTIFICIAL INTELLIGENCE.
RESEARCH ELECTROMAGNETIC RADIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Dudzik President And CEO | OfficerTrustee | 40 | $98,034 |
Jim Miles VP And COO | OfficerTrustee | 25 | $41,493 |
David Fleury CFO | OfficerTrustee | 1 | $4,459 |
Jerry Brennan VP Legal Affairs | OfficerTrustee | 1 | $2,295 |
Maria Thompson Director | Trustee | 0.1 | $0 |
Terence Rhoades Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $463,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,564 |
| Total Program Service Revenue | $511,678 |
| Investment income | $24 |
| 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 | $1,003,489 |
| 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. | $146,281 |
| Compensation of current officers, directors, key employees. | $52,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,268 |
| Payroll taxes | $41,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116 |
| Fees for services: Accounting | $19,557 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,343 |
| Advertising and promotion | $0 |
| Office expenses | $2,072 |
| Information technology | $34,385 |
| Royalties | $0 |
| Occupancy | $59,837 |
| Travel | $19,689 |
| 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 | $0 |
| Insurance | $21,951 |
| All other expenses | $0 |
| Total functional expenses | $901,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,098 |
| Savings and temporary cash investments | $184,789 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $261,948 |
| 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 | $7,154 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,500 |
| Total assets | $468,489 |
| Accounts payable and accrued expenses | $293,476 |
| 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 | $293,476 |
| Net assets without donor restrictions | $175,013 |
| 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 | $468,489 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iqm Research Institute has recieved totaling $103,226.
| Awarding Organization | Amount |
|---|---|
Flextech Alliance Inc San Jose, CA PURPOSE: Research in Flexible Hybrid Electronics | $103,226 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iqm Research Institute Ann Arbor, MI | $468,489 | $1,003,489 |
Indiana Academy Of Science Indianapolis, IN | $7,193,452 | $408,626 |
Milwaukee Institute Inc Milwaukee, WI | $65,088 | $176,000 |
Edueverything Inc Caledonia, OH | $142,374 | $309,193 |
Michigan Science Teachers Association Okemos, MI | $0 | $0 |
The Soul Phone Foundation Chillicothe, OH | $150,375 | $214,807 |
Wisconsin Society Of Science Teachers Cambridge, WI | $491,364 | $0 |
Ohio Natural Energy Foundation Pataskala, OH | $454,854 | $25,102 |
Fajr Scientific Ann Arbor, MI | $96,226 | $0 |