The Griffiss Institute aims to develop the next generation of stem talent and defense technologies that will strengthen u.s. National security and create economic opportunity for our region, state and nation.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$2.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $165K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.1M
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$26.6M
-5% vs prior year
Spent
$26.3M
To programs
88%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$26.6M
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.2M
FY2021$13.3M
FY2022$16.9M
FY2023$34.9M
FY2024$27.9M
FY2025$26.6M
Expenses
$26.3M
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$16.6M
FY2021$13.2M
FY2022$16.7M
FY2023$34.9M
FY2024$28.0M
FY2025$26.3M
Net assets
$3.8M
FY2025▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.7M
FY2022$2.9M
FY2023$2.8M
FY2024$2.7M
FY2025$3.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $23.1M Management & general 12% · $3.2M Fundraising 0% · $54K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
Current President & CEO
$297,917Pt VII · Sec A
General Counsel and Corpor
$249,985Pt VII · Sec A
Executive VP of Strategic Programs
$241,756Pt VII · Sec A
Chief Operations Officer
$236,500Pt VII · Sec A
VP of External Affairs & Board Secretary
$185,175Pt VII · Sec A
Chief Academic Officer
$185,175Pt VII · Sec A
Senior Director of Innovat
$170,175Pt VII · Sec A
Senior Management
$136,949Pt VII · Sec A

Heather Hage’s $298K as Current President & CEO is at the 23rd percentile of top reported officer pay among 139 $10–100M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Heather Hage$297,917$287,608$279,655$278,835$149,692—
Dean Korsak$249,985$100,763————
Matthew Mroz$241,756—————
Seth Mulligan$236,500$174,063$151,008———
Timothy Thomas$185,175—————
Angela Wright$185,175—————
Michael Feng$170,175$168,593$129,066———
Todd Humiston—$164,526$148,283———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Griffiss Institute INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Facilitates collaboration between industry, academia, and government to develop STEM talent and advanced technologies that secure public and private information systems and infrastructure.

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Provided by the organization

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1 program · $23.1M · in their own filed words · FY2025
01

The primary role of the gi is to advocate and facilitate the co-operation of private industry, academia, and government in developing the next generation of stem talent and defense technologies that will strengthen U.S. National security and create economic opportunity for our region, state and nation.

$23.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$30K
Grants paid · 49 grants · $3.0M · 2020–2025
Individual RecipientFY2025$19,800
Wex FoundationFY2025$19,200
Unitemized GrantFY2024$507,500
Drone City LLCFY2024$280,000
Artificial Brain Tech INCFY2024$107,500
Individual RecipientFY2024$105,000
Triarii Ai LLC Sean SmithFY2024$32,500
Individual RecipientFY2024$32,500
Unitemized GrantFY2024$25,000
Utah Stem Foundation INCUT · FY2024$15,000
Ugift529FY2024$10,750
Unitemized GrantFY2024$7,500
AroneticsFY2024$7,500
Unitemized GrantFY2024$7,000
Unitemized GrantFY2024$1,500
Utah Stem Foundation INCUT · FY2023$208,000
Empower Equity INCFY2023$160,000
Bosonq Psi CorpFY2023$110,000
See all 49 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$26.6M
Ln 12
Gifts and grantsLn 1h$25.7M
Fees for servicesLn 2g$661K
Other incomeLn 4–11$192K
Money outPt IX
$26.3M
Ln 25
Programscol B$23.1M
Managementcol C$3.2M
Fundraisingcol D$54K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$8.9M
LiabilitiesLn 26$5.1M
PeoplePt VI, VII
25
listed · VII A
PaidVII A13
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25.7M
Government grantsLn 1e$25.6M
Fundraising eventsLn 1c$12K
Fees for servicesLn 2g$661K
Investment incomeLn 3$10K
Other incomeLn 4–11$192K
Total revenueLn 12$26.6M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$31K
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$809K
Land, buildings, equipmentLn 10c$463K
Other assetsLn 15$2.4M
Total assetsLn 16$8.9M
LiabilitiesLn 26$5.1M
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 5528
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$1.9M
InvestmentsLn 11–13$17K$809K
Land, buildings, equipmentLn 10c$702K$463K
Total assetsLn 16$7.0M$8.9M
LiabilitiesLn 26$4.2M$5.1M
Net assetsLn 32$2.7M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$64K$64K
Grants to domestic individualsLn 2$400K$400K
Pay of current officers, directors and key staffLn 5$1.5M$1.2M$266K
Other salaries and wagesLn 7$7.0M$5.8M$1.2M$29K
Pension plan contributionsLn 8$617K$508K$109K
Other employee benefitsLn 9$1.6M$1.3M$277K
Payroll taxesLn 10$686K$565K$121K
Legal feesLn 11b$56K$56K
Accounting feesLn 11c$23K$23K
Lobbying feesLn 11d$23K$23K
Other fees for servicesLn 11g$7.4M$6.7M$663K
Office expensesLn 13$82K$82K
Information technologyLn 14$427K$384K$43K
OccupancyLn 16$680K$612K$68K
TravelLn 17$692K$671K$21K
InterestLn 20$23K$23K
Depreciation, depletion and amortizationLn 22$258K$232K$26K
Other expenses (24a–d)Ln 24$4.8M$4.6M$156K$25K
All other expensesLn 24e$21K$9K$13K
Total functional expensesLn 25$26.3M$23.1M$3.2M$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $26.6M$26.3M$252K$3.8M 990 PDF
FY2024 $27.9M$28.0M−$95K$2.7M 990 PDF
FY2023 $34.9M$34.9M−$63K$2.8M 990 PDF
FY2022 $16.9M$16.7M$181K$2.9M 990 PDF
FY2021 $13.3M$13.2M$82K$2.7M 990 PDF
FY2020 $17.2M$16.6M$633K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $26,582,580 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,529,645$25,719,990
I-9 Program service revenuePrior year $319,228$661,049
I-10 Investment incomePrior year $12,530$9,997
I-11 Other revenuePrior year $30,500$191,544
I-12 Total revenuePrior year $27,891,903$26,582,580
I-13 Grants and similar amounts paidPrior year $1,220,250$463,611
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,951,008$11,397,634
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,815,261$14,469,643
I-18 Total expensesPrior year $27,986,519$26,330,888
I-19 Revenue less expensesPrior year −$94,616$251,692
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $26,582,580 across 10 lines filed
VIII-1c Fundraising events$12,335
VIII-1e Government grants$25,555,331
VIII-1f All other contributions, gifts and grants$152,324
VIII-1h Total contributions, gifts and grants$25,719,990
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $661,049$661,049
VIII-3 Investment incomeExcluded from tax $9,997$9,997
VIII-6 Net rental income or lossExcluded from tax $25,485$25,485
VIII-8 Net income from fundraising eventsExcluded from tax $6,576$6,576
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $159,483$159,483
VIII-12 Total revenueRelated to mission $661,049 · Unrelated business $159,483 · Excluded from tax $42,058$26,582,580
Part IX · Statement of functional expenses $26,330,888 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $64,000$64,000
IX-2 Grants to domestic individualsPrograms $399,611$399,611
IX-5 Pay of current officers, directors and key staffPrograms $1,242,251 · Management $265,701$1,507,952
IX-7 Other salaries and wagesPrograms $5,796,278 · Management $1,187,650 · Fundraising $29,020$7,012,948
IX-8 Pension plan contributionsPrograms $508,416 · Management $108,744$617,160
IX-9 Other employee benefitsPrograms $1,295,934 · Management $277,254$1,573,188
IX-10 Payroll taxesPrograms $565,427 · Management $120,959$686,386
IX-11b Legal feesManagement $56,154$56,154
IX-11c Accounting feesManagement $23,400$23,400
IX-11d Lobbying feesManagement $22,732$22,732
IX-11g Other fees for servicesPrograms $6,716,322 · Management $662,868$7,379,190
IX-13 Office expensesManagement $81,934$81,934
IX-14 Information technologyPrograms $384,183 · Management $42,687$426,870
IX-16 OccupancyPrograms $612,067 · Management $68,008$680,075
IX-17 TravelPrograms $670,617 · Management $21,394$692,011
IX-20 InterestManagement $22,671$22,671
IX-22 Depreciation, depletion and amortizationPrograms $231,927 · Management $25,770$257,697
IX-24 Other expenses (24a–d)Programs $4,624,934 · Management $155,564 · Fundraising $25,194$4,805,692
IX-24e All other expensesPrograms $8,534 · Management $12,683$21,217
IX-25 Total functional expensesPrograms $23,120,501 · Management $3,156,173 · Fundraising $54,214$26,330,888
Part X · Balance sheet $8,944,067 assets, 18 lines filed
Asset lines not itemized here account for $246; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $571,277$1,897,112
X-2 Savings and temporary cash investmentsStart of year $657,404$31,117
X-3 Pledges and grants receivableStart of year $4,257,475$2,975,447
X-4 Accounts receivableStart of year $154,445$137,276
X-9 Prepaid expenses and deferred chargesStart of year $220,626$219,393
X-10c Land, buildings and equipment, netStart of year $701,629$462,526
X-12 Other securitiesStart of year $17,000$17,089
X-13 Program-related investmentsStart of year $0$792,120
X-15 Other assetsStart of year $397,475$2,411,741
X-16 Total assetsStart of year $6,977,527$8,944,067
X-17 Accounts payable and accrued expensesStart of year $2,795,992$1,082,427
X-19 Deferred revenueStart of year $13,252$982,888
X-25 Other liabilitiesStart of year $1,215,813$2,441,109
X-26 Total liabilitiesStart of year $4,234,105$5,149,862
X-27 Net assets without donor restrictionsStart of year $2,723,422$3,697,034
X-28 Net assets with donor restrictionsStart of year $20,000$97,171
X-32 Total net assets or fund balancesStart of year $2,743,422$3,794,205
X-33 Total liabilities and net assetsStart of year $6,977,527$8,944,067
Part XI · Reconciliation of net assets $3,794,205 net assets at year end
XI-1 Total revenue$26,582,580
XI-2 Total expenses$26,330,888
XI-3 Revenue less expenses$251,692
XI-4 Net assets at start of year$2,743,422
XI-8 Prior period adjustments$792,120
XI-9 Other changes in net assets$6,971
XI-10 Net assets at end of year$3,794,205

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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