Magnusson Institute
- Assets
- $236.3k
- Revenue
- $156.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-4527853
Organization Overview
Magnusson Institute is located in Reno, NV. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnusson 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 12/2022, Magnusson Institute generated $156.3k in total revenue. All expenses for the organization totaled $938.5k during the year ending 12/2022. While expenses have increased by 125.5% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAGNUSSON INSTITUTE'S WORLDWIDE MISSION IS TO SUPPORT NON-COMMERCIAL ALTERNATIVES FOR STORING AND PROCESSING PERSONAL INFORMATION AND MANAGING PERSONAL DATA PRIVACY, IN FUTHERANCE OF TECHNOLOGY USE TO PROMOTE PERSONAL HEALTH, WELLNESS AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter S Magnusson President | 40 | $93,872 | |
Cindy Gabrielli Board Member | 40 | $55,149 | |
Dag Syrrist Board Member | 0.5 | $20,000 | |
Rebecca Gasca Board Member | 0.5 | $20,000 | |
R Strahan VP Community Relatio | 40 | $89,573 | |
N Czaban Software Developer | 40 | $74,503 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenstein Rogoff Olsen & Co Llp Cpas | 12/30/17 | $6,925 |
Farella Braun Martel Llp | 12/30/17 | $5,955 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,906 |
| Interest on Savings | $15 |
| Dividends & Interest | $77 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $262 |
| Total Revenue | $156,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $189,021 |
| Other employee salaries and wages | $265,730 |
| Pension plans, employee benefits | $75,532 |
| Interest | $0 |
| Taxes | $1,740 |
| Depreciation | $8,959 |
| Occupancy | $133,465 |
| Travel, conferences, and meetings | $37,481 |
| Printing and publications | $0 |
| Other expenses | $205,445 |
| Total operating and administrative expenses | $938,471 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $938,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,409 |
| Savings and temporary cash investments | $37,979 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $16,342 |
| Other assets | $6,530 |
| Total assets | $236,260 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |