Open Research Lab Inc
- Assets
- $10.0m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Oakland, CA
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-0861414
Organization Overview
Open Research Lab Inc is located in Oakland, CA. The organization was established in 2017. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Open Research Lab Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Research Lab 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, Open Research Lab Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.9% each year . All expenses for the organization totaled $3.0m 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
OPEN RESEARCH LAB SEEKS TO ANSWER OPEN-ENDED QUESTIONS AND DEVELOP TECHNOLOGY THAT SHOULD NOT BE OWNED BY ANY ONE COMPANY AND REQUIRES WORK ON A VERY LONG TIME HORIZON. WITH INVESTMENT IN FUNDAMENTAL RESEARCH DECLINING, OPEN RESEARCH LAB SEEKS TO FILL FUNDAMENTAL RESEARCH GAPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE ORGANIZATION COMPLETED THE FIRST FULL YEAR OF ITS RANDOMIZED CONTROLLED TRIAL ON UNCONDITIONAL CASH ASSISTANCE AS PART OF ITS BASIC INCOME PROJECT. THE RESEARCH TEAM CONDUCTED SURVEYS FOR ALL PARTICIPANTS AND IN-DEPTH QUALITATIVE INTERVIEWS. THE ORGANIZATION ALSO APPLIED FOR AND RECEIVED SEVERAL GRANTS TO FUND ITS RESEARCH AND WAS SELECTED TO BE PART OF THE TEAM EVALUATING GIVEDIRECTLYS PROJECT 100, A COVID-19 CASH RELIEF PROGRAM. THE ORGANIZATION ADVISED SEVERAL OTHER GROUPS CONDUCTING CASH ASSISTANCE PROGRAMS ON PROGRAM AND EVALUATION DESIGN AND IMPLEMENTATION. A SEPARATE, EXPLORATORY RESEARCH PROJECT INVESTIGATING THE ECONOMIC IMPACTS OF AI WAS ALSO LAUNCHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Rhodes Research Director | 40 | $174,833 | |
Sam Manning Research Manager | 40 | $143,917 | |
Patrick Krause Data Manager | 40 | $132,500 | |
Elizabeth Proehl Operations Dir | 40 | $128,000 | |
David Lansky General Counsel | Officer | 15 | $106,583 |
Chris Clark Coo/director | OfficerTrustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Contrapuntal Performances Events | 12/30/18 | $108,000 |
Relative Path Llc Consulting | 12/30/18 | $140,223 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $272,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,862,289 |
| Noncash contributions included in lines 1a–1f | $272,767 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,135,056 |
| Total Program Service Revenue | $25,000 |
| Investment income | $3,204 |
| 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 | $10,163,260 |
| 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. | $109,436 |
| Compensation of current officers, directors, key employees. | $10,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $660,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,612 |
| Payroll taxes | $59,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,355 |
| Fees for services: Accounting | $15,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $713,190 |
| Advertising and promotion | $0 |
| Office expenses | $1,726 |
| Information technology | $48,397 |
| Royalties | $0 |
| Occupancy | $439,565 |
| Travel | $2,026 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $909 |
| Interest | $140,717 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,366 |
| Insurance | $40,188 |
| All other expenses | $4,937 |
| Total functional expenses | $2,967,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,461 |
| Savings and temporary cash investments | $9,563,961 |
| 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 | $60,537 |
| Net Land, buildings, and equipment | $47,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,265 |
| Total assets | $10,022,134 |
| Accounts payable and accrued expenses | $62,461 |
| 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 | $14,535,883 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,598,344 |
| Net assets without donor restrictions | -$4,576,210 |
| 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 | $10,022,134 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Open Research Lab Inc has recieved totaling $2,275,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Sciences | $2,000,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $200,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ARTS AND CULTURE | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wadhwani Institute For Artificial Intelligence Foundation Los Altos, CA | $3,256,790 | $7,610,704 |
Imec Inc San Francisco, CA | $1,494,519 | $4,897,734 |
Scintillon Institute San Diego, CA | $1,260,479 | $3,205,276 |
Kestrel Institute Palo Alto, CA | $2,764,272 | $3,386,483 |
Open Research Lab Inc Oakland, CA | $10,022,134 | $10,163,260 |
Sierra Institute For Community And Taylorsville, CA | $4,935,635 | $3,987,418 |
Phoenix Bioinformatics Corporation Newark, CA | $2,438,726 | $1,432,149 |
Scientific Analysis Corp Alameda, CA | $2,082,230 | $1,446,716 |
Biocom Institute San Diego, CA | $371,676 | $1,938,912 |
Group Conscience San Diego, CA | $762,518 | $582,951 |
Project Invent San Francisco, CA | $570,134 | $1,005,665 |
California Biotechnology Foundation Sacramento, CA | $67,850 | $860,600 |