Institute Of Mental Chronometry
- Assets
- $3.3m
- Revenue
- $121.6k
- Investments
- $2.6m
- Employees
- 0
- Location
- Walnut Creek, CA
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 94-2199617
Organization Overview
Institute Of Mental Chronometry is located in Walnut Creek, CA. The organization was established in 1972. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Mental Chronometry 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, Institute Of Mental Chronometry generated $121.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $552.6k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF CHRONOMETRIC APPARATUSES FOR MEASURING INDIVIDUAL DIFFERENCES IN THE SPEED OF MENTAL PROCESSES INVOLVING EXTREMELY SIMPLE COGNITIVE PROCESSES WHICH ARE DIAGNOSTIC OF VARIOUS KINDS OF MENTAL PERFORMANCE. A MAJOR MISSION OF THE INSTITUTE OF MENTAL CHRONOMETRY IS THE DEVELOPMENT OF A SET OF STANDARDIZED APPARATUSES THAT WILL SERVICE AS STANDARDIZED MEANS OF OBTAINING STANDARDIZED MEASUREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Lubinski Pres/director | 8 | $31,890 | |
Daniel J Levy Sec/director | 8 | $31,890 | |
Douglas K Detterman Vp/director | 8 | $31,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,848 |
| Dividends & Interest | $52,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,890 |
| Capital Gain Net Income | $42,890 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,578 |
| Total Revenue | $121,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,670 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,712 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,841 |
| Total operating and administrative expenses | $138,201 |
| Contributions, gifts, grants paid | $414,378 |
| Total expenses and disbursements | $552,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $692,986 |
| 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 | $2,203,432 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,279,351 |
| 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 |
Grants Awarded
Over the last fiscal year, Institute Of Mental Chronometry has awarded $414,378 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
REGENTS OF THE UNIVERSITY OF MINNES PURPOSE: EDUCATIONAL RESEARCH FURTHERING THE UNDERSTANDING OF GENETICS AND INDIVIDUAL DIFFERENCES IN HUMAN COGNITIVE ABILITY. | $173,282 |
REGENTS OF THE UNIVERSITY OF MINNES PURPOSE: EDUCATIONAL RESEARCH ON ISSUES RELATED TO THE ROLE OF COGNITIVE ABILITY IN HIGHER EDUCATION AND EMPLOYMENT. | $142,183 |
GEORGIA TECH RESEARCH CORPORATION PURPOSE: EDUCATIONAL RESEARCH RELATED TO THE ROLE OF ATTENTION CONTROL IN THE RELATIONSHIP BETWEEN PROCESSING SPEED AND COGNITIVE ABILITY. | $98,913 |
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|---|---|---|
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Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
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Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
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