Polaris Research Institute Inc

EIN: 821136248 501(c)(3) Science & Technology

Berkeley, CA

Total Revenue
$450,235
Total Expenses
$677,577
Total Assets
$324,777
Net Assets
$324,777
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
Stefan Torges
Phone
7073968230
Tax Period
2024-01-01 to 2024-12-31

Polaris Research Institute Inc, founded in 2017, is a small nonprofit in the Science & Technology sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $678K exceeded revenue, resulting in a 50% operating deficit.

Mission

The institute's primary purpose is to undertake and contribute to research to improve the quality of life of as many sentient beings as extensively as possible and to otherwise engage in activities in furtherance of this objective. As a think tank, it contributes to the development and discussion of fundamental conceptions and understandings of effective ethical behavior and action. In particular it is committed to an evidence-based approach to poverty reduction, the reducton of animal suffering, the improvement of international cooperation and stability, and the development and promotion of responsible approaches to future technologies, it promotes the philosphy and social movement referred to as effective altruism.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $450,235
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $450,235

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $378,705
Fundraising Expenses $71,098
Program Expenses $418,791
Other Expenses $148,872
TOTAL EXPENSES $677,577

Year-over-Year Comparison

2024 2023 Change
Revenue $450,235 $335,428 +0.3%
Expenses $677,577 $375,437 +0.8%
Net Income $-227,342 $-40,009 +4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
5
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$241,632
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ruairi Donnelly Executive Dir. 40.00
Officer
$223,019 $18,613 $241,632
Stefan Torges President 0.20
Officer Director
$0 $0 $0
Jonas Vollmer - end 06-2024 Vice President 0.20
Officer Director
$0 $0 $0
Tobias Pulver Director 0.20
Director
$0 $0 $0
Daniel Kestenholz - treas beg 08-20 Secretary 1.00
Officer Director
$0 $0 $0
Amrit Sidhu-Brar - end 08-2024 Treasurer 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $450,235 $677,577 $324,777 $-227,342
2023 $335,428 $375,437 $571,433 $-40,009
2022 $2,144,757 $2,252,935 $604,278 $-108,178
2021 $529,232 $755,352 $800,305 $-226,120
2020 $1,001,783 $572,963 $949,692 $428,820
2019 $1,092,536 $692,338 $500,590 $400,198
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