EXTERNALITY INVESTMENT RESEARCH NETWORK INC Externality Investment Research Network Inc
Nonprofit profile at a glance
- EIN
- 331266227
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-N 2024
- Location
- Oakland, CA, USA
- Phone
- 5109281327
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Research Institutes and Public Policy Analysis
Reported finances
- Revenue
- $290,000
- Expenses
- $155,060
- Assets
- $209,940
- Liabilities
- $75,000
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- James Hawley (CEO)
Highest reported compensation
- James Hawley (CEO): $38,194 total reported compensation
- Gregory Bala (COO/CFO): $28,646 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Externality Investment Research Network's (EIRN) goals are to encourage, initiate, incubate, collect, coordinate, and disseminate research by academics, practitioners, and others on the financial impact of the economic externalities generated by portfolio companies on asset owner and asset manage' portfolios.
What it reported doing in 2025
Regranting to research organizations.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 68% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. 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: 30
- Transparency & Controls: 77
- Accountability: 72
- Sustainability: 58
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.3%; rating input score 25
- Program expense ratio: 47.3%; rating input score 47
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 62nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 21st percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 46.5%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 1.35; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.36; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 43.1%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 25.3% of revenue deployed · 47.3% of spending went to programs
- Governance: 4 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $73K in reported program spending
- Leadership: top reported pay $38K · 6 people listed
- Consistency: 41 of 41 current checks pass
- Schedules: 4 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 25/100.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.