HEFFTER RESEARCH INSTITUTE

EIN: 851073501 501(c)(3) Science & Technology

GREENWICH, CT

Total Revenue
$181,052
Total Expenses
$406,528
Total Assets
$618,660
Net Assets
$142,660
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
GEORGE GREER
Phone
2122388786
Tax Period
2023-01-01 to 2023-12-31

HEFFTER RESEARCH INSTITUTE, founded in 2020, is a small nonprofit in the Science & Technology sector that reported $181K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $407K exceeded revenue, resulting in a 125% operating deficit.

Mission

OUR MISSION IS TO PROMOTE RESEARCH OF THE HIGHEST SCIENTIFIC QUALITY IN ORDER TO CONTRIBUTE TO A GREATER UNDERSTANDING OF THE MIND, LEADING TO THE IMPROVEMENT OF THE HUMAN CONDITION, AND TO ALLEVIATE SUFFERING.

Program Service Accomplishments

Program 1
Expenses: $398,176

SINCE ITS INCEPTION, HRI HAS BEEN HELPING TO DESIGN, REVIEW, AND FUND THE LEADING STUDIES ON PSILOCYBIN AT PROMINENT RESEARCH INSTITUTIONS IN THE UNITED STATES AND EUROPE. HRIS RESEARCH HAS EXPLORED...

Read more

SINCE ITS INCEPTION, HRI HAS BEEN HELPING TO DESIGN, REVIEW, AND FUND THE LEADING STUDIES ON PSILOCYBIN AT PROMINENT RESEARCH INSTITUTIONS IN THE UNITED STATES AND EUROPE. HRIS RESEARCH HAS EXPLORED PSILOCYBIN FOR THE TREATMENT OF CANCER-RELATED DISTRESS AND ADDICTION AND FOR BASIC SCIENCE RESEARCH INTO THE PHYSIOLOGY OF BRAIN ACTIVITY, COGNITION, AND BEHAVIOR. THE RESULTS OF THESE STUDIES AND RESEARCH ARE SUBMITTED FOR PUBLICATION IN RECOGNIZED SCIENTIFIC JOURNALS. IN 2023, HRI PAID AND/OR PLEDGED OVER 486,960 IN GRANTS TO ADVANCE SCIENTIFIC CAUSES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $174,485
Program Service Revenue $0
Investment Income $6,567
Other Revenue $0
TOTAL REVENUE $181,052

Expense Breakdown

Grants Paid $386,960
Salaries & Benefits $2,025
Fundraising Expenses $1,460
Program Expenses $398,176
Other Expenses $17,543
TOTAL EXPENSES $406,528

Year-over-Year Comparison

2023 2022 Change
Revenue $181,052 $450,321 -0.6%
Expenses $406,528 $1,025,409 -0.6%
Net Income $-225,476 $-575,088 -0.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
12

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
2
$2,025
Total Directors
13
$2,025
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE GREER PRESIDENT 5.00
Officer Director
$2,025 $0 $2,025
MARK A GEYER PHD DIRECTOR 0.50
Director
$0 $0 $0
STEVEN GRANT PHD DIRECTOR 0.50
Director
$0 $0 $0
CHARLES GROB MD DIRECTOR 0.50
Director
$0 $0 $0
DENNIS J MCKENNA PHD DIRECTOR 0.50
Director
$0 $0 $0
CHARLES D NICHOLS PHD DIRECTOR 0.50
Director
$0 $0 $0
JANIS PHELPS DIRECTOR 0.50
Director
$0 $0 $0
KATRIN PRELLER PHD DIRECTOR 0.50
Director
$0 $0 $0
T CODY SWIFT DIRECTOR 0.50
Director
$0 $0 $0
CAREY TURNBULL DIRECTOR 0.50
Director
$0 $0 $0
CLAUDIA TURNBULL DIRECTOR 0.50
Director
$0 $0 $0
FRANZ X VOLLENWEIDER MD DIRECTOR 0.50
Director
$0 $0 $0
DAVID E NICHOLS PHD VICE PRESIDE 0.50
Officer Director
$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 No data No data No data No data
2023 $181,052 $406,528 $618,660 $-225,476
2022 $450,321 $1,025,409 $1,233,990 $-575,088
2021 $972,818 $721,062 $1,949,890 $251,756
2020 $945,661 $174,504 $1,771,913 $771,157
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HEFFTER RESEARCH INSTITUTE with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.