Public Invention
- Assets
- $15.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-4036254
Organization Overview
Public Invention is located in Austin, TX. The organization was established in 2019. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Invention 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, Public Invention generated $94.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $98.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Read President | 50 | $0 | |
Marc Jones Secretary | 0 | $0 | |
Adam Riggs Director | 0 | $0 | |
Sarah Benson-Konforty Director | 0 | $0 | |
Sabia Abidi Director | 0 | $0 | |
Stephanie Liu Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,034 |
| Total Program Service Revenue | $22,400 |
| Membership dues | $0 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,448 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,943 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,056 |
| Other expenses | $31,186 |
| Total expenses | $98,435 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,530 |
| Other assets | $0 |
| Total assets | $15,530 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,530 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Public Invention has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sri Foundation Corrales, NM | $703,967 | $791,953 |
Internet Accountability Project Austin, TX | $31,042 | $275,410 |
Oil Information Library Of Wichita Falls Wichita Falls, TX | $316,226 | $256,275 |
Institute For Leadership In Capital Projects San Antonio, TX | $79,618 | $0 |
Public Invention Austin, TX | $15,530 | $0 |
Oil Information Library Of Fort Worth Fort Worth, TX | $386,290 | $0 |
International Network For The Science Of Team Science League City, TX | $206,081 | $110,652 |
Research Partnership To Secure Energy For America Houston, TX | $0 | $1,000 |