Florida Institute for Human and Machine Cognition
Legal name: Florida Institute for Human and Machine Cognition Inc
Nonprofit profile at a glance
- EIN
- 200760849
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Pensacola, FL, US
- Phone
- 850.202.4462
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Computer Science
Reported finances
- Revenue
- $33,179,379
- Expenses
- $32,091,321
- Assets
- $63,773,149
- Liabilities
- $32,375,051
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- Ken Ford (CEO)
Highest reported compensation
- Ken Ford (CEO): $553,353 total reported compensation
- Timothy Broderick (Chief Scientific Officer & Sr. Research Scientist): $507,455 total reported compensation
- Marcas Bamman (Senior Research Scientist): $417,865 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To pioneer human-centered computing and cognitive science, enhancing human capabilities through advanced human-machine systems.
What it reported doing in 2024
Information-technology research, education, scientific advancement, and economic development
Operating model
- Revenue model
- Grant-funded. 72% of the money available for current operations came from government grants.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 66
- Accountability: 86
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.6%; rating input score 74
- Program expense ratio: 75.7%; rating input score 76
- Fundraising efficiency: $64.81 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.3%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 1.99; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 14.3%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 7.9% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 10.8% per year; rating input score 100; 68th percentile among comparable filings
Details
- What they do: 9 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 73.6% of revenue deployed · 75.7% of spending went to programs
- Governance: 15 of 15 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $24.3M in reported program spending
- Leadership: top reported pay $553K · 29 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $13.4M reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 14 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.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 28/100.