Riverside Research Institute
96% goes to programs Strong reserves Growing revenue
Riverside Research Institute is a 501(c)(3) organization based in Fairfax, Virginia, registered in 1967, with $189,258,394 in FY2024 revenue. CharityIndex grades it A+, and it directs about 96% of spending to programs.
12601 Fair Lakes Cir Ste 400, Fairfax, VA, 22033 EIN 13-2593244 Since 1967
Revenue (FY2024)
$189.3M
▲ 16.4% vs prior year
Medical Research median: $217K
Expenses (FY2024)
$168.6M
Net assets
$123.3M
Employees
874
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 rating96% to programs
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 Riverside Research Institute: 96% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +11% 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 Riverside Research Institute: 9 mo reserves · +11% 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 Riverside Research Institute: 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 Riverside Research Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The nature of its activities are to engage in and support scientific research.
What they do
The institute provides funding to various institutions of higher learning in support of their scholarship programs for students pursuing degrees in science, technology, engineering and math (stem) disciplines.
Contact & location
- Address
- 12601 Fair Lakes Cir Ste 400, Fairfax, VA, 22033
- City
- Fairfax
- State
- Virginia
- Category
- Medical Research
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $86.0M (FY2013) to $189.3M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $48.2MNet assets $123.3M
Operating margin
10.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$171.5M
Total liabilities
$48.2M
Net assets
$123.3M
Salaries & benefits
$129.0M
77% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $189,258,394▲16.4% | $168,591,528▲13.0% | $123,342,450▲28.9% | $171,546,881▲20.5% | 990 |
| 2023 | $162,656,925▲16.7% | $149,206,822▲11.6% | $95,660,684▲28.8% | $142,413,433▲40.0% | 990 |
| 2022 | $139,330,200▲9.4% | $133,736,979▲10.3% | $74,250,992▼6.7% | $101,699,526▼5.1% | 990 |
| 2021 | $127,407,208▼1.5% | $121,302,049▼2.5% | $79,605,418▲12.4% | $107,121,507▲6.9% | 990 |
| 2020 | $129,369,526▲11.5% | $124,441,561▲14.9% | $70,817,446▲14.3% | $100,214,451▲13.8% | 990 |
| 2018 | $116,067,743▲19.1% | $108,281,504▲16.1% | $61,957,893▲19.9% | $88,030,462▲19.3% | 990 |
| 2017 | $97,479,796▲7.3% | $93,236,654▲4.3% | $51,663,525▲7.5% | $73,777,103▲8.0% | 990 |
| 2016 | $90,809,787▲7.1% | $89,400,748▲1.5% | $48,064,259▲9.4% | $68,297,134▲9.4% | 990 |
| 2015 | $84,751,150▼3.8% | $88,106,334▲1.6% | $43,927,905▼6.7% | $62,444,073▼6.6% | 990 |
| 2014 | $88,099,720▲2.4% | $86,706,702▲2.5% | $47,092,196▲1.9% | $66,823,755▲5.2% | 990 |
| 2013 | $86,021,194 | $84,554,282▼5.8% | $46,228,219▲5.6% | $63,547,493▲1.3% | 990 |
| 2012 | — | $89,755,376▲0.5% | $43,776,517▲21.3% | $62,734,322▲17.6% | 990 |
| 2011 | — | $89,273,110▲6.9% | $36,080,311▲27.3% | $53,353,560▲13.4% | 990 |
| 2010 | — | $83,496,979▲8.1% | $28,352,797▲14.0% | $47,052,146▲14.5% | 990 |
| 2009 | — | $77,234,929 | $24,877,346 | $41,108,578 | 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: S R Omick Phd — $1,351,859 (0.80% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| S R Omick Phd | President and Ceo | 40 | $1,351,859 |
| J Pursel | Vp Bu Director | 40 | $693,651 |
| K Powers | Cfo, Treasurer, & Corp Sec | 40 | $542,737 |
| M Barefoot | Vp Bu Director | 40 | $470,679 |
| M D'angelo | Chro | 40 | $425,893 |
| T Waltz | Vp Bu Director | 40 | $405,014 |
| Wd Casebeer | Director | 40 | $374,206 |
| R Denz | Vp Bu Director | 40 | $362,345 |
| J Wu | Technical Advisor | 40 | $285,714 |
| C Incardona | Principle Staff Member | 40 | $284,870 |
| G Issler | Director | 40 | $282,376 |
| F Falco Phd | Director | 40 | $273,321 |
| J Luke | Vp Bu Director | 40 | $221,189 |
| J Shields | Chairman | 8 | $70,000 |
| A Rouse | Trustee | 5 | $56,000 |
| C Downes | Trustee | 5 | $54,000 |
| J Harris | Vice Chairman | 8 | $54,000 |
| A Grasso | Trustee | 5 | $51,000 |
| G Bennett Phd | Trustee | 5 | $51,000 |
| R Brothers Phd | Trustee | 5 | $49,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| L3 Communications Systems | Subcontractor Services | $873,814 |
| Grayerock LLC | Consultant Services | $598,383 |
| Infobalize LLC | Consultant Services | $519,058 |
| Trustees of Boston University | Subcontractor Services | $515,485 |
| Lital Mehr | Consultant Services | $503,081 |
Grants received · $832K total
10 grants to Riverside Research Institute totaling $832K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Trustees of Columbia University | Research | 2021 | $111,058 |
| Trustees of Columbia University | Research | 2020 | $80,536 |
| Trustees of Columbia University | Research | 2019 | $81,682 |
| Johns Hopkins University | Sub-award | 2019 | $30,606 |
| Trustees of Columbia University | Research | 2018 | $131,606 |
| Boston Medical Center Corporation | Subaward | 2018 | $19,921 |
| Boston Medical Center Corporation | Subaward | 2017 | $69,558 |
| Trustees of Columbia University | Research | 2016 | $105,281 |
| Boston Medical Center Corporation | Subaward | 2016 | $97,476 |
| Trustees of Columbia University | Educ/research | 2015 | $104,061 |
Grants made · $21K in FY2024
2 grants totaling $21K in FY2024. All grants made by Riverside Research Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Stem | Furthering study in stem | $15,000 |
| Wounded Warrior Project Inc | To support wounded warriors | $6,090 |
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Frequently asked questions
- Is Riverside Research Institute a legitimate nonprofit?
- Yes. Riverside Research Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2593244, based in Fairfax, Virginia. Donations are tax-deductible.
- What is Riverside Research Institute's EIN?
- Riverside Research Institute's Employer Identification Number (EIN) is 13-2593244.
- How much revenue does Riverside Research Institute report?
- Riverside Research Institute reported $189,258,394 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Riverside Research Institute's spending goes to programs?
- Riverside Research Institute spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Riverside Research Institute have?
- CharityIndex grades Riverside Research Institute A+, based on program efficiency and fundraising cost.
- How much does Riverside Research Institute's highest-paid employee make?
- The highest reported compensation on Riverside Research Institute's latest Form 990 is $1,351,859, paid to S R Omick Phd (President and Ceo).
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Data for Riverside Research Institute (EIN 13-2593244) 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.