Western Research Institute
- Assets
- $3.3m
- Revenue
- $3.3m
- Investments
- $283.3k
- Employees
- 37
- Location
- Laramie, WY
- Founding
- 07/1983
- Data as of
- 12/2023
- EIN
- 74-2269704
Organization Overview
Western Research Institute is located in Laramie, WY. The organization was established in 1983. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2023, Western Research Institute employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Research 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 12/2023, Western Research Institute generated $3.3m 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 (8.9%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCIENTIFIC AND TECHNOLOGICAL SOLUTIONS TO PROBLEMS RELATED TO ENERGY AND THE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND DEVELOPMENT (R&D) IN ENERGY AND THE ENVIRONMENT. THIS INCLUDES R&D IN COAL PROCESSES, OIL SHALE, TAR SAND, ASPHALT, ENHANCED OIL RECOVERY, ENVIRONMENTAL REMEDIATION, AND ANALYTICAL SERVICES IN SUPPORT OF R&D ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Myron B Allen III Chairperson | OfficerTrustee | 1 | $0 |
Richard Willson Jr Director | Trustee | 1 | $0 |
Dr Opinder Bhan Director | Trustee | 1 | $0 |
Rob Hurless Director | Trustee | 1 | $0 |
Dr Anne Alexander Director | Trustee | 1 | $0 |
Dr Holly Krutka Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
7220 Fire & Ice Llc Hvac | 12/29/23 | $258,101 |
Usi Ins Services Insurance | 12/29/23 | $235,427 |
Trident Electric Electrical Contractor | 12/29/23 | $163,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $289,391 |
| 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 | $289,391 |
| Total Program Service Revenue | $2,971,214 |
| Investment income | $240 |
| 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 | $3,260,845 |
| 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. | $164,105 |
| Compensation of current officers, directors, key employees. | $164,105 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,513,556 |
| Pension plan accruals and contributions | $142,586 |
| Other employee benefits | $551,414 |
| Payroll taxes | $164,646 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85 |
| Fees for services: Accounting | $47,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,594 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,309 |
| Travel | $37,521 |
| 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 | $78,452 |
| Insurance | $158,379 |
| All other expenses | $237,720 |
| Total functional expenses | $3,929,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $707,554 |
| 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 | $56,028 |
| Net Land, buildings, and equipment | $1,919,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $283,335 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,251,027 |
| Accounts payable and accrued expenses | $285,306 |
| Grants payable | $0 |
| Deferred revenue | $768,135 |
| 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 | $578,312 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,631,753 |
| Net assets without donor restrictions | $1,619,274 |
| 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 | $3,251,027 |