The Latest in Research Incorporated EIN 33-2131837

The Latest in Research Incorporated

EIN  33-2131837 Public charity (501(c)(3)) Wilmington, DE
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Connects academics with decentralized finance through fellowships and conferences.
Leadership
Tarun Chitra · Treasurer
Money in and out
$130K revenue, $139K expenses
Bottom line
94% program efficiency

Connects academics with decentralized finance through fellowships and conferences. For fiscal year 2025 it reported $130K in revenue, $139K in expenses, and $148K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$130K
Pt VIII · Ln 12
Total expenses
$139K
Pt IX · Ln 25
Net assets
$148K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
12.8mo
months of highly liquid reserves at operating expense rate▼ -67% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -109% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$130K
FY2025▼ -43%
Expenses
$139K
FY2025▲ +97%
Total assets
$148K
FY2025▼ -35%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$130K
Pt VIII · Ln 12
Total expenses
$139K
Pt IX · Ln 25
Net assets
$148K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$8K
Total assetsPt X · Ln 16$148K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $131K of program spending, described in the organization's own filed words · FY2025.
01

In 2025, the latest in defi research organized and funded public conference hosted by the organization, which drew over 150 participants and featured contributions from academic and industry leaders. The TLDR 2024-2025 class presented their papers.

$131Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Latest in Research Incorporated
EINHdr · item D33-2131837
Principal addressHdr · item CWilmington, DE
WebsiteHdr · item Jwww.thelatestindefi.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U41)
Ruling yearIRS BMFFeb 2026

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$130K
Total revenueLn 12$130K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$131K
Management & general6%$8K
Total functional expensesLn 25$139K

Balance Sheet

Part X · end of year
CashLn 1$148K
Total assetsLn 16$148K
Total liabilitiesLn 26$0
Total net assetsLn 32$148K
Months of cash on handcomputed12.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $148K · Operating expenses/yr $139K
12.8 months
Where the money goes
Program services
Program services $131K · Total expenses $139K
94%
Management & General
Management & general $8K · Total expenses $139K
6%
Fundraising
Fundraising $0 · Total expenses $139K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $179K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $130K · Total revenue $130K
100%
Government reliance
Government grants — · Total revenue $130K
Earned-income share
Program service revenue $0 · Total revenue $130K
0%
Investment reliance
Investment income $0 · Total revenue $130K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $139K
0%
Growth & trend
Revenue growth (YoY)
This year $130K · Prior year $227K
-43%
Net-asset trend (YoY)
End of year $148K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $130K · Expenses $139K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $148K
Net-asset ratio
Net assets $148K · Total assets $148K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $148K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tarun Chitra · Reported title TREASURER · Highest reported compensation $0 · Total expenses $139K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $644 · Total expenses $139K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Revenue growth -43%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$227K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$130K revenue · viewing · ⤓ 990 PDF
FY2024$227K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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