Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Finances
Money in and out, what it owns and owes
Summary of the Filing
| FY2020 | $595K |
|---|---|
| FY2021 | $443K |
| FY2022 | $1.5M |
| FY2023 | $2.3M |
| FY2024 | $1.7M |
| FY2020 | $131K |
|---|---|
| FY2021 | $82K |
| FY2022 | $131K |
| FY2023 | $539K |
| FY2024 | $782K |
Balance Sheet
Statement of Revenue
Money in detail
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Spent on programs | 68% | — | — |
| Spent on management, % of spending | 32% | — | — |
| Fundraising cost, % of gifts | 0.2% | — | — |
| Revenue growth | 20% | — | — |
| Legal fees, % of spending | 0.2% | — | — |
| Accounting fees, % of spending | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
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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Governance & Policies
- 11Voting board membersPt VI · Ln 1a
- 10Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13No
- Document retention policyPt VI · Ln 14No
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Tests technologies and data to guide policy and make finance more responsible and inclusive.
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Where the work happens
Ai in Financial Services
The organization conducts empirical research and facilitates dialogue across the public policy, financial, technology, advocacy, and academic sectors to examine the potential of artificial intelligence (AI)/MACHINE learning (ML) to improve financial inclusion and financial well-being.
Program Research
This program includes exploratory and planning work for future empirical project opportunities and smaller program initiatives that advance the organization's mission of interrogating technology and data for financial inclusion and financial well-being.
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.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest | $2.9M | $3.8M | -16% | 990 PDF |
| FY2023 Viewing | $3.4M | $3.0M | +20% | 990 PDF |
| FY2022 | $2.9M | $1.9M | +147% | 990 PDF |
| FY2021 | $1.2M | $1.3M | -3% | 990 PDF |
| FY2020 | $1.2M | $1.1M | 990 PDF |
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Schedules filed Part IV
Full filing: Form 990 for FY2023
Part VIII · Statement of revenue $3,438,618 across 10 lines filed
Part IX · Statement of functional expenses $2,958,484 across 16 lines filed
Part X · Balance sheet $2,334,531 assets, 12 lines filed
Part XI · Reconciliation of net assets $1,795,444 net assets at year end
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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