Finreglab INC EIN 82-2842970

Finreglab INC FY2020 filing

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Tests technologies and data to guide policy and make finance more responsible and inclusive. For fiscal year 2020 it reported $1.2M in revenue, $1.1M in expenses, and $464K in net assets.Pt I

Type
Public charity (501(c)(3)) · Science & Technology
Location
Washington, DC
Website
www.finreglab.org
Filings
5 on file (2020–2020)
Revenue
$1.2MFY2020
Expenses
$1.1M
Net assets
$464K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-2842970 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/31/26 · see original: IRS
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Size
$1–10M
What they do
Tests technologies and data to guide policy and make finance more responsible and inclusive.
Leadership
Kelly Thompson Cochran · Treasurer & Secretary · $218K
Money in and out
$1.2M revenue, $1.1M expenses
Bottom line
73% program efficiency
Where the money goes · FY2020
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$464K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $100K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program efficiency
73%
of spending reaches programs
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.2M
FY2020
Expenses
$1.1M
FY2020
Total assets
$595K
FY2020
Total liabilities
$131K
FY2020
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$464K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$100K
Total assetsPt X · Ln 16$595K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $785K of program spending, described in the organization's own filed words · FY2020.
01

Explanability and Fairness in Machine Learning

The Organization is conducting research on the capabilities of model diagnostic tools provided by several technology companies that is designed to improve the explainability of machine learning underwriting models.

$495Kprogram expense
02

Program Research

The category includes other work that advances the Organization's mission but is not funded as part of a large dedicated project. In 2020, this work included a series of research briefs focusing on the financial impacts of Covid-19 and efforts to increase the pace and scale of recovery for small businesses and consumers.

$173Kprogram expense
03

Borrower Risk Assessment with Cash Flow Data

The Organization examined data from participating companies that provide various credit products to consumers and businesses using underwriting models that rely on cash-flow data. The information is used to assess the predictiveness of the cash flow scores and other metrics, the extent to which the companies extend credit to underserved…

$117Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFinreglab INC
EINHdr · item D82-2842970
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.finreglab.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U05)
Ruling yearIRS BMFSep 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer & Secretary
$218,061Pt VII · Sec A
President & CEO
$210,931Pt VII · Sec A
Chair of the Board
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Melissa Koide’s $288K as Chief Executive Officer is at the 84th percentile of top reported officer pay among 361 $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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Melissa Koide$288,297$275,140$269,025$247,151$210,931
Kelly Thompson Cochran$262,226$224,668$239,944$212,254$218,061
Paula-Rose Stark$196,403$167,075
Zihsun Zhao$195,569$179,144
Kerrigan B Molland$174,074$134,456
Karla Renschler$163,630
Natalia Bailey$124,845$131,917
Nancy Castillo$65,011$118,634

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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Statement of Revenue

Part VIII
Contributions & grants100%$1.2M
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.18 Fundraising $0.09
Program services73%$805K
Management & general18%$202K
Fundraising9%$94K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$330K
Total assetsLn 16$595K
Total liabilitiesLn 26$131K
Total net assetsLn 32$464K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $330K · Operating expenses/yr $1.1M
3.6 months
Where the money goes
Program services
Program services $805K · Total expenses $1.1M
73%
Management & General
Management & general $202K · Total expenses $1.1M
18%
Fundraising
Fundraising $94K · Total expenses $1.1M
9%
Cost to raise $1
Fundraising expense $94K · Solicited contributions $1.2M
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.2M
100%
Government reliance
Government grants $0 · Total revenue $1.2M
0%
Earned-income share
Program service revenue $0 · Total revenue $1.2M
0%
Investment reliance
Investment income $0 · Total revenue $1.2M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $464K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.1M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $595K
Net-asset ratio
Net assets $464K · Total assets $595K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $595K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelly Thompson Cochran · Reported title TREASURER & SECRETARY · Highest reported compensation $218K · Total expenses $1.1M
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $679K · Total expenses $1.1M
62%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 18%
Fundraising cost ratio 8%
Accounting fee ratio 2%

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 4 funders$1.1M
See all 4 funders →

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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
FY2024 (Latest)$2.9M revenue · ⤓ 990 PDF
FY2023$3.4M revenue · ⤓ 990 PDF
FY2022$2.9M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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