Institute For Responsible Technology
- Assets
- $341.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Fairfield, IA
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 90-0607450
Organization Overview
Institute For Responsible Technology is located in Fairfield, IA. The organization was established in 2012. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Institute For Responsible Technology employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Responsible Technology 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, Institute For Responsible Technology generated $193.8k 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 (6.4%) each year. All expenses for the organization totaled $573.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IMPLEMENTED EDUCATION AND PUBLIC AWARENESS REGARDING PUBLIC HEALTH ISSUES IN FOOD PRODUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey M Smith President | 20 | $0 | |
James Turner Vice President | 1 | $0 | |
Ted Nordquist Director | 1 | $0 | |
Ciyde Cleveland Secretary | 1 | $0 | |
James Davis Director | 1 | $0 | |
Margaret Christensen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,827 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $193,827 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $202,426 |
| Professional fees and other payments to independent contractors | $312,596 |
| Occupancy, rent, utilities, and maintenance | $17,570 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,949 |
| Total expenses | $573,541 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $337,649 |
| Other assets | $0 |
| Total assets | $341,367 |
| Total liabilities | $765,023 |
| Net assets or fund balances | -$423,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Responsible Technology Fairfield, IA | $341,367 | $0 |
Smart North Minneapolis, MN | $200,604 | $399,856 |
Northern Illinois Bldg Contractors Construction Ind Advancement Fund Rockford, IL | $1,382,912 | $545,546 |
Chicago Council On Science Andtechnology Chicago, IL | $69,364 | $372,631 |
Will Grundy Construction Industry Advancement Trust Joliet, IL | $904,158 | $578,578 |
Quad-City Construction Industry Advancement Trust Rock Island, IL | $779,734 | $335,327 |
Blockchain Institute Chicago, IL | $0 | $0 |
North American Plant Phenotyping Network Saint Louis, MO | $223,340 | $173,038 |
Neb Academy Of Sciences Inc Lincoln, NE | $1,337,309 | $157,202 |
Missouri Construction Industry Advancement Fund Jefferson City, MO | $0 | $0 |
Inspire Foundation Bolingbrook, IL | $0 | $0 |