Centre for the Governance of Ai Inc

Nonprofit profile at a glance

EIN
994000294
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2014169119
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Reported finances

Revenue
$5,748,996
Expenses
$919,661
Assets
$5,070,337
Liabilities
$289,516

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • RYAN FUGATE (EXECUTIVE DIRECTOR (BEG JUNE))

Highest reported compensation

  • RYAN FUGATE (EXECUTIVE DIRECTOR (BEG JUNE)): $16,500 total reported compensation
  • GEORG ARNDT (TREASURER (BEG JUNE)): $13,372 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Govai is organized to shape the lasting impact of artificial intelligence on the world, by supporting informed and effective decision-making by private and public institutions regarding the development and deployment of artificial intelligence. It accomplishes this goal through conducting and producing research, running education and training programs, advising relevant stakeholders, and organizing public and non-public educational events.

What it reported doing in 2024

Research: the corporation will conduct research into the risks and opportunities presented by advanced ai and will develop solutions and policy options for effective ai governance to prepare for and manage those risks. We published more research last year than in any prior year, with more than 30 research reports, publications, and working papers and more than 20 opinion, analysis, or policy advice pieces. Our work touched on multiple critical areas of ai governance and policy, appearing in venues such as science, lawfare, the international conference on machine learning (icml), and the acm conference on fairness, accountability, and transparency (facct).talent development via education and training: the corporation will conduct education and training programs designed to provide individuals with the relevant skills and expertise necessary to contribute to ai governance in the public interest. In 2024, we hosted 36 seasonal fellows, a 50% increase compared to the previous year. We are also fielding an increase in demand, with applications jumping from 670 to 9,700 between 2023 and 2024. The average respondent to our alumni survey respondents credited the three-month program with accelerating their career progression by one year and increasing their future impact in the field by 50%. In 2024, we also supported 14 research scholars in one-year visiting positions to work on a wide range of topics, including uk and eu ai policy, international governance, and technical governance.policy engagement and technical assistance: the corporation will lend its research and expertise to governmental policy makers to support the development of responsible and ethical ai policy that mitigates risk of societal harms, while supporting the development of ai technologies that can promote advances in science, health, and education, among other public benefits. 2024 was our most active year to date in terms of policy engagement as we worked with policymakers across the uk, the eu, the us; frontier ai companies; civil society organizations; and intergovernmental organizations.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - Most voting board members are independent and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 18
  • Transparency & Controls: 55
  • Accountability: 95
  • Sustainability: 87
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.6%; rating input score 7
  • Program expense ratio: 41.4%; rating input score 41
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 84%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 5.51; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 3.2%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 6.6% of revenue deployed · 41.4% of spending went to programs
  • Governance: 3 of 3 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $381K in reported program spending
  • Leadership: top reported pay $16K · 5 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and foreign activity
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 7/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 41/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.