Responsible Innovation Labs Inc

Nonprofit profile at a glance

EIN
853338067
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
San Francisco, CA, USA
Phone
2069925846
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Engineering and Technology

Official website

Reported finances

Revenue
$2,490,600
Expenses
$1,136,191
Assets
$1,581,229
Liabilities
$19,932

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Gaurab Bansal (Executive Director)
  • Jon Zieger (President & Secretary)

Highest reported compensation

  • Gaurab Bansal (Executive Director): $268,941 total reported compensation
  • Luisa Reyes (Program Manager): $128,133 total reported compensation

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

Overview

Mission

Building infrastructure that helps high-performing startups drive competitive advantage while advancing human flourishing and avoiding downstream harms to people, communities, and planet.

What it reported doing in 2024

Responsible Innovation Labs operates two core programs to advance our mission and vision. Our labs programs provide educational resources, research, and training to technology entrepreneurs on responsible innovation practices that benefit society and anticipate second and third order harms before they happen. These programs develop knowledge, frameworks, and tools that help builders integrate responsibility into technology development to maximize public benefit and minimize unintended societal harms. Through our consortium, we convene stakeholders across the technology ecosystem to address societal challenges posed by emerging technologies. Our consortium uses convenings and research to advance responsible innovation practices across the technology sector. Together, our work creates educational resources, facilitates cross-sector collaboration, and conducts research to ensure emerging technologies developed by startups advance human flourishing and minimize downside risks to shared security and economic prosperity.

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

SUPPORTED - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 70
  • Accountability: 90
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.6%; rating input score 29
  • Program expense ratio: 62.7%; rating input score 63
  • Fundraising efficiency: $24.04 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 54.4%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 1.39; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: 34.9%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 27.1% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 56.4% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 72.2% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 28.6% of revenue deployed · 62.7% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $713K in reported program spending
  • Leadership: top reported pay $269K · 5 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • 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 29/100.
  • 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 4/100.