Convergence Analysis EIN 83-2842233

Convergence Analysis FY2023 filing

EIN  83-2842233 Public charity (501(c)(3)) Berkeley, CA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Analyzes research and educates the public to improve civilization's long-term survival and thriving.
Leadership
Justin Shovelain · President of the Board
Money in and out
$336K revenue, $668K expenses
Bottom line
73% program efficiency

Analyzes research and educates the public to improve civilization's long-term survival and thriving. For fiscal year 2023 it reported $336K in revenue, $668K in expenses, and $692K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$336K
Pt VIII · Ln 12
Total expenses
$668K
Pt IX · Ln 25
Net assets
$692K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$332K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs
Operating runway
12.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-99%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$336K
FY2023▲ +34%
Expenses
$668K
FY2023▲ +390%
Total assets
$692K
FY2023▼ -32%
Total liabilities
$0
FY2023
Total revenue
$336K
Pt VIII · Ln 12
Total expenses
$668K
Pt IX · Ln 25
Net assets
$692K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$332K
Total assetsPt X · Ln 16$692K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $485K of program spending, described in the organization's own filed words · FY2023.
01

Existential Risk Strategy Research

Produce societally valuable insights on managing advanced technologies, especially Artificial Intelligence (AI), and spread these insights to decision makers and society as a whole. 1. We performed research into AI developments and understanding the risks to human civilization from these developments. 2.

$285Kprogram expense
02

Modeling Cooperation

Conduct research into improving cooperation in society between different groups developing advanced Artificial Intelligence (AI). 1. The baseline AI competition model was substantially revised, and a tool for running Monte Carlo simulations of the former was introduced. 2.

$114Kprogram expense
03

Technologies for Pandemic Defence

Conducting research into pandemics and technologies for improving existential outcomes. Including simulating outbreaks, analysing pandemic economics, developing policy proposals. Writing, advisory and advocacy activities relating to this research.

$86Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CConvergence Analysis
EINHdr · item D83-2842233
Principal addressHdr · item CBerkeley, CA
WebsiteHdr · item Jwww.convergenceanalysis.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President of the Board
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A

Justin Shovelain’s $10K as Executive Director and President of the Board is at the 8th percentile of top reported officer pay among 1616 $100K–1M education 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 · 1 named individual · Part VII

NameFY2021FY2020
Justin Shovelain$9,600$9,465

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%$336K
Investment income$147
Total revenueLn 12$336K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$485K
Management & general27%$183K
Total functional expensesLn 25$668K

Balance Sheet

Part X · end of year
CashLn 1$692K
Total assetsLn 16$692K
Total liabilitiesLn 26$0
Total net assetsLn 32$692K
Months of cash on handcomputed12.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $692K · Operating expenses/yr $668K
12.4 months
Where the money goes
Program services
Program services $485K · Total expenses $668K
73%
Management & General
Management & general $183K · Total expenses $668K
27%
Fundraising
Fundraising $0 · Total expenses $668K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $465K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $336K · Total revenue $336K
100%
Government reliance
Government grants $0 · Total revenue $336K
0%
Earned-income share
Program service revenue $0 · Total revenue $336K
0%
Investment reliance
Investment income $147 · Total revenue $336K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $668K
0%
Growth & trend
Revenue growth (YoY)
This year $336K · Prior year $251K
+34%
Net-asset trend (YoY)
End of year $692K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $336K · Expenses $668K
-99%
Liabilities-to-Assets
Total liabilities — · Total assets $692K
Net-asset ratio
Net assets $692K · Total assets $692K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $692K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Justin Shovelain · Reported title President of the Board · Highest reported compensation $0 · Total expenses $668K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $668K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth 34%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 2 funders$124K

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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)$965K revenue · ⤓ 990 PDF
FY2023$336K revenue · viewing · ⤓ 990 PDF
FY2022$251K revenue · ⤓ 990 PDF
FY2021$809K revenue · ⤓ 990 PDF
FY2020$174K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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