Convergent Research Inc
92% goes to programs $1 to raise $100 Strong reserves Declining revenue
Convergent Research Inc is a 501(c)(3) organization based in Cambridge, Massachusetts, registered in 2022, with $72,426,908 in FY2024 revenue. CharityIndex grades it A+, and it directs about 92% of spending to programs.
160 Alewife Brook Pkwy 1212, Cambridge, MA, 02138 EIN 88-3013217 Since 2022
Revenue (FY2024)
$72.4M
▼ 27.7% vs prior year
Science & Tech median: $288K
Expenses (FY2024)
$47.5M
Net assets
$96.1M
Employees
164
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating92% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Convergent Research Inc: 92% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +34% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Convergent Research Inc: 24 mo reserves · +34% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Convergent Research Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Convergent Research Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The organization is a delaware non-profit, non-stock corporation formed exclusively for charitable, educational and scientific purposes. in furtherance of such purposes, the organization will foster, support, promote, and conduct programs, projects, and activities designed to develop and accelerate scientific and technological research and innovation in the public interest, including, without limitation, through incubating research projects and facilitating collaborations to build essential research tools and resources that can be deployed broadly for the public benefit.
What they do
Provided the salaries, equipment and facilities for e11 bio, a research project focused on brain circuit mapping.
Provided the salaries, equipment and facilities for other research projects.
Contact & location
- Address
- 160 Alewife Brook Pkwy 1212, Cambridge, MA, 02138
- City
- Cambridge
- State
- Massachusetts
- Category
- Science & Technology
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $11.3M (FY2022) to $72.4M (FY2024) across 3 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.9MNet assets $96.1M
Operating margin
34.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$108.0M
Total liabilities
$11.9M
Net assets
$96.1M
Salaries & benefits
$28.3M
60% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $72,426,908▼27.7% | $47,527,392▲57.6% | $96,093,460▲28.8% | $108,005,415▲26.3% | 990 |
| 2023 | $100,177,078▲790% | $30,152,575▲364% | $74,607,020▲1467% | $85,511,113▲845% | 990 |
| 2022 | $11,258,027 | $6,496,686 | $4,761,341 | $9,047,793 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: William Biederman — $472,269 (0.99% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Biederman | Cto - Forest Neurotech | 40 | $472,269 |
| Adam Marblestone | Chief Executive Officer | 40 | $431,025 |
| David Lansky | General Counsel | 40 | $407,323 |
| Anastasia Gamick | Chief Operating Officer | 40 | $360,495 |
| Henry Lee | Ceo - Cultivarium | 40 | $342,180 |
| William Busa | Ceo - Eve Bio | 40 | $339,475 |
| Tyson Aflalo | Cso - Forest Neurotech | 40 | $330,062 |
| Cheryl Martin | Board Member | 1 | — |
| Megan Blewett | Board Member | 1 | — |
| Morgan Levine | Board Member | 1 | — |
| Richard Murray | Board Member | 1 | — |
| Tom Kalil | Chair | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Neha Tembey Design | Design Services | $244,800 |
Grants received · $37.0M total
13 grants to Convergent Research Inc totaling $37.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Silicon Valley Community Foundation | Sciences | 2024 | $1,850,000 |
| Windward Fund | Environmental programs | 2024 | $278,000 |
| Founders Pledge Inc | Fund charitable activities | 2024 | $27,337 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $11,050,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $6,750,000 |
| Silicon Valley Community Foundation | Sciences | 2023 | $1,900,000 |
| Climateworks Foundation | Project support | 2023 | $200,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $100,000 |
| Windward Fund | Environmental programs | 2023 | $70,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,720,333 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $3,686,000 |
| Environmental Defense Fund Incorporated | Natural climate solutions,blue carbon | 2022 | $243,750 |
| Silicon Valley Community Foundation | Sciences | 2022 | $100,000 |
Grants made · $219K in FY2024
3 grants totaling $219K in FY2024. All grants made by Convergent Research Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Carnegie Mellon University | General support | $169,077 |
| Cornell University | General support | $30,000 |
| California Institute of Technology | General support | $20,000 |
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Frequently asked questions
- Is Convergent Research Inc a legitimate nonprofit?
- Yes. Convergent Research Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 88-3013217, based in Cambridge, Massachusetts. Donations are tax-deductible.
- What is Convergent Research Inc's EIN?
- Convergent Research Inc's Employer Identification Number (EIN) is 88-3013217.
- How much revenue does Convergent Research Inc report?
- Convergent Research Inc reported $72,426,908 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Convergent Research Inc's spending goes to programs?
- Convergent Research Inc spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Convergent Research Inc have?
- CharityIndex grades Convergent Research Inc A+, based on program efficiency and fundraising cost.
- How much does Convergent Research Inc's highest-paid employee make?
- The highest reported compensation on Convergent Research Inc's latest Form 990 is $472,269, paid to William Biederman (Cto - Forest Neurotech).
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Explore more
Data for Convergent Research Inc (EIN 88-3013217) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.