Institute for Security and Technology

Tax-deductible

Oakland, CA501(c)(3)Science & TechnologyEIN 47-5677755Revenue $3.6M in FY2024

On file with the IRSsecurityandtechnology.org195 41st St Unit 11045, 94611-7001 · Oakland, CATax-exempt since Feb 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To solve emerging Security threats by creating a bridge between Technology and policy leaders.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 10 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $775K a year · 26% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 30% of spending
Top officer’s pay higher than 89% of similar orgs
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $5.4M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$237K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
-25% vs prior year
Spent
$4.4M
To programs
87%
Net assets
$4.4M
By yearFY2020–FY2024
Revenue
$3.6M
FY2024▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$692K
FY2021$1.5M
FY2022$4.4M
FY2023$4.8M
FY2024$3.6M
Expenses
$4.4M
FY2024▲ +81%
Tap a bar for its year
Expenses by fiscal year
FY2020$539K
FY2021$969K
FY2022$2.7M
FY2023$2.4M
FY2024$4.4M
Net assets
$4.4M
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$501K
FY2021$989K
FY2022$2.9M
FY2023$5.3M
FY2024$4.4M

From the FY2024 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: FY2024. IRS ruling in Feb 2016.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $3.9M Management & general 9% · $402K Fundraising 4% · $180K

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

16 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
$324,624Pt VII · Sec A
Chief Strategy Officer
$260,290Pt VII · Sec A
Chief Trust Officer
$229,830Pt VII · Sec A
Fractional SVP for Technology Trust, Safety, and
$167,749Pt VII · Sec A
Director of Development and Partnerships
$128,750Pt VII · Sec A
Executive in Residence for Public Safety & Resilie
$111,667Pt VII · Sec A
Senior Director for International Cyber Engagement
$107,308Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Philip Reiner’s $325K as CEO is at the 89th percentile of top reported officer pay among 363 $1–10M 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Philip Reiner$324,624$265,153$206,201$173,549$128,457
Megan Stifel$260,290$244,908$213,684——
Steven Kelly$229,830————
Eric Davis$167,749————
Emma Hollingsworth$128,750————
Joshua Corman$111,667————
Elizabeth Vish$107,308————

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.

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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

Programs and updates

Connects tech experts and policymakers to address new security challenges.

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1 program · $3.9M · in their own filed words · FY2024
01

Future of Digital Security (internet Security)

Continued work with a coalition of industry and government partners to mitigate the threat posed by ransomware and other ecosystem wide cybersecurity threats. This pillar of thematic work is named 'future of digital SECURITY.'INNOVATION and catastrophic risk (catalink and nuclear weapons): technical solution to reduce nuclear risk by…

$3.9Mprogram 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
See all 8 funders →
Grants paid · 5 grants · $1.4M · 2020–2024
Metaculus INCFY2024$455,000
Ukraine Defense Fund INCCA · FY2022$657,738

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.3M
Investment incomeLn 3$168K
Fees for servicesLn 2g$140K
Money outPt IX
$4.4M
Ln 25
Programscol B$3.9M
Managementcol C$402K
Fundraisingcol D$180K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$4.6M
LiabilitiesLn 26$237K
PeoplePt VI, VII
16
listed · VII A
PaidVII A7
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$691K
Fees for servicesLn 2g$140K
Investment incomeLn 3$168K
Other incomeLn 4–11$10K
Gains on assetsLn 7$120K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$3.9M
Cash and savings togetherLn 1–2$3.9M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$218K
Total assetsLn 16$4.6M
LiabilitiesLn 26$237K
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 510
VolunteersI 610
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 FY24End FY24
Cash and savingsLn 1–2$3.2M$3.9M
InvestmentsLn 11–13$1.0M$0
Land, buildings, equipmentLn 10c$13K$16K
Total assetsLn 16$5.3M$4.6M
LiabilitiesLn 26$2K$237K
Net assetsLn 32$5.3M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$717K$717K
Pay of current officers, directors and key staffLn 5$585K$503K$45K$36K
Other salaries and wagesLn 7$1.8M$1.6M$140K$112K
Pension plan contributionsLn 8$78K$67K$6K$5K
Other employee benefitsLn 9$211K$180K$18K$13K
Payroll taxesLn 10$159K$136K$13K$10K
Accounting feesLn 11c$69K$5K$64K
Other fees for servicesLn 11g$455K$436K$19K
Office expensesLn 13$23K$20K$3K$78
Information technologyLn 14$24K$24K$148
OccupancyLn 16$60K$9K$51K
TravelLn 17$208K$194K$10K$3K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$22K$65$22K
Other expenses (24a–d)Ln 24$15K$10K$4K$600
Total functional expensesLn 25$4.4M$3.9M$402K$180K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.6M$4.4M−$849K$4.4M 990 PDF
FY2023 $4.8M$2.4M$2.3M$5.3M 990 PDF
FY2022 $4.4M$2.7M$1.7M$2.9M 990 PDF
FY2021 $1.5M$969K$489K$989K 990 PDF
FY2020 $692K$539K$153K$501K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,587,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,658,374$3,270,371
I-9 Program service revenuePrior year $34,990$140,209
I-10 Investment incomePrior year $86,433$167,667
I-11 Other revenuePrior year $8,332$9,731
I-12 Total revenuePrior year $4,788,129$3,587,978
I-13 Grants and similar amounts paidPrior year $0$716,580
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,977,773$2,839,216
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $471,385$881,098
I-18 Total expensesPrior year $2,449,158$4,436,894
I-19 Revenue less expensesPrior year $2,338,971−$848,916
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $3,587,978 across 8 lines filed
VIII-1e Government grants$691,011
VIII-1f All other contributions, gifts and grants$2,579,360
VIII-1h Total contributions, gifts and grants$3,270,371
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $140,209$140,209
VIII-3 Investment incomeExcluded from tax $47,290$47,290
VIII-7 Net gain or loss on sales of assetsExcluded from tax $120,377$120,377
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $9,731$9,731
VIII-12 Total revenueRelated to mission $140,209 · Unrelated business $0 · Excluded from tax $177,398$3,587,978
Part IX · Statement of functional expenses $4,436,894 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $716,580$716,580
IX-5 Pay of current officers, directors and key staffPrograms $503,164 · Management $45,378 · Fundraising $36,372$584,914
IX-7 Other salaries and wagesPrograms $1,554,576 · Management $140,200 · Fundraising $112,378$1,807,154
IX-8 Pension plan contributionsPrograms $66,903 · Management $6,224 · Fundraising $4,668$77,795
IX-9 Other employee benefitsPrograms $179,785 · Management $18,479 · Fundraising $12,543$210,807
IX-10 Payroll taxesPrograms $136,349 · Management $12,684 · Fundraising $9,513$158,546
IX-11c Accounting feesPrograms $4,950 · Management $64,440$69,390
IX-11g Other fees for servicesPrograms $436,141 · Management $19,020$455,161
IX-13 Office expensesPrograms $19,657 · Management $2,909 · Fundraising $78$22,644
IX-14 Information technologyPrograms $23,972 · Management $148$24,120
IX-16 OccupancyPrograms $8,814 · Management $51,442$60,256
IX-17 TravelPrograms $193,807 · Management $10,435 · Fundraising $3,363$207,605
IX-22 Depreciation, depletion and amortizationManagement $4,513$4,513
IX-23 InsurancePrograms $65 · Management $22,192$22,257
IX-24 Other expenses (24a–d)Programs $10,264 · Management $4,288 · Fundraising $600$15,152
IX-25 Total functional expensesPrograms $3,855,027 · Management $402,352 · Fundraising $179,515$4,436,894
Part X · Balance sheet $4,644,862 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,184,391$3,869,540
X-3 Pledges and grants receivable$500,672
X-4 Accounts receivableStart of year $1,063,000$40,000
X-10c Land, buildings and equipment, netStart of year $12,924$16,384
X-12 Other securitiesStart of year $1,012,221$0
X-15 Other assetsStart of year $0$218,266
X-16 Total assetsStart of year $5,272,536$4,644,862
X-17 Accounts payable and accrued expensesStart of year $2,379$10,736
X-25 Other liabilitiesStart of year $0$226,754
X-26 Total liabilitiesStart of year $2,379$237,490
X-27 Net assets without donor restrictionsStart of year $3,053,973$3,231,803
X-28 Net assets with donor restrictionsStart of year $2,216,184$1,175,569
X-32 Total net assets or fund balancesStart of year $5,270,157$4,407,372
X-33 Total liabilities and net assetsStart of year $5,272,536$4,644,862
Part XI · Reconciliation of net assets $4,407,372 net assets at year end
XI-1 Total revenue$3,587,978
XI-2 Total expenses$4,436,894
XI-3 Revenue less expenses−$848,916
XI-4 Net assets at start of year$5,270,157
XI-5 Net unrealized gains (losses) on investments−$13,869
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,407,372

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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