CORUNDUM CONVERGENCE INSTITUTE

EIN: 934508245 501(c)(3) Science & Technology

CAMBRIDGE, MA

Total Revenue
$998,386
Total Expenses
$243,779
Total Assets
$739,240
Net Assets
$718,895
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
SHUNSUKE NAGAO
Phone
2039740356
Tax Period
2024-01-01 to 2024-12-31

CORUNDUM CONVERGENCE INSTITUTE, founded in 2023, is a small nonprofit in the Science & Technology sector that reported $998K in total revenue in fiscal year 2024. The organization ran a surplus of $755K, a strong 76% operating margin.

Mission

THE ORGANIZATION SHALL WORK TO ENHANCE THE QUALITY OF HUMAN LIVES BY ADVANCING GROUND-BREAKING RESEARCH, PIONEERING BREAKTHROUGHS, AND PUSHING THE BOUNDARIES OF POSSIBILITIES IN THE FIELDS OF NEUROSCIENCE, SYSTEMS BIOLOGY AND ARTIFICIAL INTELLIGENCE (AI) FOR SCIENTIFIC DISCOVERIES. THE ORGANIZATION IS COMMITTED TO DRIVING APPLICABLE AND TRANSLATIONAL SCIENCE THROUGH FUNDING AND FOSTERING OF INTERDISCIPLINARY COLLABORATIONS TO HELP TRANSFORM THEORETICAL INSIGHTS INTO TANGIBLE SOLUTIONS THAT POSITIVELY IMPACT INDIVIDUALS AND SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $185,313

AWARDING RESEARCH GRANTS TO ORGANIZATION AND PROJECTS ADDRESSING VARIOUS AREAS OF SCIENTIFIC EXPLORATION

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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 $997,000
Program Service Revenue $0
Investment Income $0
Other Revenue $1,386
TOTAL REVENUE $998,386

Expense Breakdown

Grants Paid $134,482
Salaries & Benefits $0
Fundraising Expenses $37,554
Program Expenses $185,313
Other Expenses $109,297
TOTAL EXPENSES $243,779

Year-over-Year Comparison

2024 2023 Change
Revenue $998,386 N/A N/A
Expenses $243,779 $35,712 +5.8%
Net Income $754,607 $-35,712 -22.1%
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

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHUNSUKE NAGAO PRESIDENT 0.50
Officer Director
$0 $0 $0
NAOHIRO TAKEMOTO TREASURER 0.50
Officer Director
$0 $0 $0
JOSH SCHULMAN SECRETARY 0.50
Officer Director
$0 $0 $0
TAKAO HENSCH DIRECTOR 0.50
Director
$0 $0 $0
SHINICHI NISHIKAWA DIRECTOR 0.50
Director
$0 $0 $0
HIDEHIKO OTAKE DIRECTOR 0.50
Director
$0 $0 $0
JESSICA SCHNEIDER DIRECTOR 0.50
Director
$0 $0 $0
LIRON NUNEZ WEISSMAN DIRECTOR 0.50
Director
$0 $0 $0
KAZUYUKI SASAKI TREASURER 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 $998,386 $243,779 $739,240 $754,607
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