Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
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
15 people listed on the 990; $953K paid to officers and key staff.
Melissa Koide’s $288K as Chief Executive Officer is at the 84th 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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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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
Tests technologies and data to guide policy and make finance more responsible and inclusive.
Questions for Finreglab INC
Your first name shows with your question. Finreglab INC answers here, for everyone.
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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.
Cash-Flow Data for Assessing Distressed Borrowers
The organization is conducting research relating to pilot initiatives by the national foundation for credit counseling to help consumers who are in financial distress coming out of the COVID-19 pandemic pay down their unsecured debt and stabilize their finances.
Small Business Research
The organization is conducting research into the value of bank accounts and other non-traditional data for increasing credit access to minority business enterprises and other small companies. The program is also focused on helping mission-based lenders increase the scale of their operations.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $101K | $510K |
| Land, buildings, equipmentLn 10c | $7K | $17K |
| Total assetsLn 16 | $443K | $1.5M |
| LiabilitiesLn 26 | $82K | $131K |
| Net assetsLn 32 | $361K | $1.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $709K | $545K | $145K | $19K |
| Other salaries and wagesLn 7 | $496K | $381K | $101K | $14K |
| Pension plan contributionsLn 8 | $32K | $16K | $15K | |
| Other employee benefitsLn 9 | $40K | $28K | $10K | $1K |
| Payroll taxesLn 10 | $79K | $59K | $18K | $2K |
| Legal feesLn 11b | $460 | $460 | ||
| Accounting feesLn 11c | $33K | $33K | ||
| Other fees for servicesLn 11g | $406K | $350K | $56K | |
| Office expensesLn 13 | $15K | $2K | $13K | $250 |
| Information technologyLn 14 | $20K | $20K | $348 | |
| OccupancyLn 16 | $24K | $24K | ||
| TravelLn 17 | $34K | $2K | $32K | |
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| InterestLn 20 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $5K | $5K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Total functional expensesLn 25 | $1.9M | $1.4M | $481K | $37K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $2.9M | $3.8M | −$893K | $893K | 990 PDF |
| FY2023 | $3.4M | $3.0M | $480K | $1.8M | 990 PDF |
| FY2022 Viewing | $2.9M | $1.9M | $965K | $1.3M | 990 PDF |
| FY2021 | $1.2M | $1.3M | −$103K | $361K | 990 PDF |
| FY2020 | $1.2M | $1.1M | $100K | $464K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $2,865,900 revenue, 12 lines filed
Part VI · Governance 10 of 11 board members independent, 2 to look at
Part VIII · Statement of revenue $2,865,900 across 12 lines filed
Part IX · Statement of functional expenses $1,900,789 across 16 lines filed
Part X · Balance sheet $1,456,609 assets, 13 lines filed
Part XI · Reconciliation of net assets $1,325,959 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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