Resource Innovation Institute
- Assets
- $155.2k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Portland, OR
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 81-2272628
Organization Overview
Resource Innovation Institute is located in Portland, OR. The organization was established in 2018. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Resource Innovation Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resource Innovation 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, Resource Innovation Institute generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 46.3% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE UNLOCK THE POTENTIAL OF CONTROLLED ENVIRONMENT AGRICULTURE TO ACCELERATE OUR CLIMATE-SMART AGRICULTURAL FUTURE BY BRINGING TOGETHER INDUSTRY LEADERS, GOVERNMENTS AND UTILITIES TO COLLABORATIVELY FIND DATA-DRIVEN SOLUTIONS AND SHAPE POLICIES, PROGRAMS, AND BEST PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF WATER CIRCULARITY GUIDE
PUBLICATION OF BENCHMARKING REPORT
SECURING THE DEPARTMENT OF ENERGY PARTNERSHIP/GRANT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Smith Executive Director | OfficerTrustee | 40 | $131,999 |
Dulce Dorado Finance And Hr Director | OfficerTrustee | 40 | $120,000 |
Rob Eddy Resource Efficiency Horticult | Officer | 40 | $103,846 |
Andrew Horowitz Board Member | Trustee | 0.23 | $0 |
Chieri Kubota Board Member | Trustee | 0.23 | $0 |
Michael Roth Board Member | Trustee | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $437,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $337,253 |
| All other contributions, gifts, grants, and similar amounts not included above | $50 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,003 |
| Total Program Service Revenue | $164,228 |
| 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 | $1,043,481 |
| 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. | $251,999 |
| Compensation of current officers, directors, key employees. | $251,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,538 |
| Pension plan accruals and contributions | $15,246 |
| Other employee benefits | $8,377 |
| Payroll taxes | $51,038 |
| Fees for services: Management | $13,825 |
| Fees for services: Legal | $1,000 |
| 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 | $236,775 |
| Advertising and promotion | $32,692 |
| Office expenses | $7,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,115 |
| Interest | $11,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,856 |
| Insurance | $8,754 |
| All other expenses | $13,918 |
| Total functional expenses | $1,082,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,656 |
| Savings and temporary cash investments | $5 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,875 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,669 |
| Other assets | $0 |
| Total assets | $155,205 |
| Accounts payable and accrued expenses | $35,657 |
| 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 | $135,368 |
| Other liabilities | $4,491 |
| Total liabilities | $175,516 |
| Net assets without donor restrictions | $0 |
| 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 | -$20,311 |
| Total liabilities and net assets/fund balances | $155,205 |