Latecomer Institute: Nonprofit Profile, Financials & Form 990 (EIN 92-1035539)

Revenue by fiscal year
FY2023	$226K
FY2024	$3K

Expenses by fiscal year
FY2023	$104K
FY2024	$125K

Net assets by fiscal year
FY2023	$122K
FY2024	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

90 cents of each dollar spent went to programs.

90%

Program services 90% · $112K Management & general 10% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990; $90K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Matthew Southey

President

$90,000Pt VII · Sec A

See Latecomer Institute executive salaries →

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

Educates people on humanity's long-term future from diverse viewpoints.

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1 program · $112K · in their own filed words · FY2023

01

The Latecomer Magazine

Our primary program to achieve our educational purpose. The magazine's content will focus on topics related to humanity's long-term future, such as risks from engineered pathogens and artificial intelligence.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 92-1035539) · Dispute this line

$112Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2022

Good Ventures FoundationFY2022$226K

Total grants receivedfrom 1 funder$226K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3K

Ln 12

Investment incomeLn 3$3K

Money outPt IX

$125K

Ln 25

Programscol B$112K

Managementcol C$13K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A1

Voting boardVI 1a1

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$3K

Total revenueLn 12$3K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderOctober

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$127K	$0
Total assetsLn 16	$127K	$0
LiabilitiesLn 26	$5K	$0
Net assetsLn 32	$122K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of officers and key staff (Part IX, line 5)Ln 5	$87K	$87K
Payroll taxesLn 10	$7K	$7K
Accounting feesLn 11c	$4K		$4K
Investment management feesLn 11f	$0
Other fees for servicesLn 11g	$15K	$14K	$751
Office expensesLn 13	$8K	$248	$8K
TravelLn 17	$4K	$4K
Other expenses (24a–d)Ln 24	$835	$813	$22	$0
Total functional expensesLn 25	$125K	$112K	$13K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Aug 27, 2025	$3K	$125K	−$122K	$0	990 PDF
FY2023Filed with the IRS Jun 21, 2024	$226K	$104K	$122K	$122K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $2,885 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $225,500$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $96$2,885

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $225,596$2,885

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $81,023$93,811

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $22,561$31,086

I-18 Total expensesPrior year $103,584$124,897

I-19 Revenue less expensesPrior year $122,012−$122,012

Part VI · Governance 0 of 1 board members independent, 2 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members0

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,885 across 4 lines filed

VIII-1h Total contributions, gifts and grants$0

VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,885$2,885

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,885$2,885

Part IX · Statement of functional expenses $124,897 across 8 lines filed

IX-5 Pay of officers and key staff (Part IX, line 5)Programs $86,880$86,880

IX-10 Payroll taxesPrograms $6,931$6,931

IX-11c Accounting feesManagement $3,620$3,620

IX-11f Investment management fees$0

IX-11g Other fees for servicesPrograms $13,864 · Management $751$14,615

IX-13 Office expensesPrograms $248 · Management $8,166$8,414

IX-17 TravelPrograms $3,602$3,602

IX-24 Other expenses (24a–d)Programs $813 · Management $22 · Fundraising $0$835

IX-25 Total functional expensesPrograms $112,338 · Management $12,559 · Fundraising $0$124,897

Part X · Balance sheet $0 assets, 8 lines filed

X-2 Savings and temporary cash investmentsStart of year $126,767$0

X-16 Total assetsStart of year $126,767$0

X-17 Accounts payable and accrued expensesStart of year $4,755$0

X-26 Total liabilitiesStart of year $4,755$0

X-27 Net assets without donor restrictionsStart of year $122,012$0

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $122,012$0

X-33 Total liabilities and net assetsStart of year $126,767$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$2,885

XI-2 Total expenses$124,897

XI-3 Revenue less expenses−$122,012

XI-4 Net assets at start of year$122,012

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

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

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