2024-05-10T17:29:48-07:00 2023-12-31 823726482 Rising Sun Accounting PO Box 25726 Seattle WA 98165 990 2023-01-01 853338067 RESPONSIBLE INNOVATION LABS INC RESP 2069925846 874 Walker Rd Suite C Dover DE 19904 Gaurab Bansal Executive Director 4255035500 2024-04-14 1 Gaurab Bansal 999009999 1 Marci Nakano P02473205 2063543920 2024-04-14 1 11 1 AAL2 2023 2023-04-26 12:10:37Z Gaurab Bansal 50 California Street Suite 1500 San Francisco CA 94111 981435 0 X www.rilabs.org X 2020 DE Responsible Innovation Labs is a coalition of leading investors and technology executives who recognize the importance of responsible innovation and the need for a more rigorous approach to tackling the challenges and opportunities of this moment. 3 3 6 3 0 0 353253 979856 0 0 0 1579 0 0 353253 981435 0 0 0 0 332090 538101 0 0 122816 288061 294392 620151 832493 -266898 148942 58325 207812 379 924 57946 206888 Responsible Innovation Labs is a community of leading founders and investors committed to tackling the challenges and opportunities of this moment. Our mission is to stimulate demand for responsible innovation and expand the supply of tools, community, and best practices to meet that demand. 0 0 422822 0 0 Responsible Innovation Labs ("RIL") continues to refine its purpose, priorities, and business model. We exist to make responsible innovation ("RI") actionable for startups and their investors. We believe this new mindset and operating norm will help the next generation of companies to win - accelerating transformative innovation for people and planet, building trust in ambitious technologies, and leading responsibly in an increasingly complex world. We have made progress on three fronts: (1) iterating on RIL activities as part of our learning agenda; (2) launching a strategy sprint; and (3) reflecting on lessons learned to inform our go forward strategy. First, we continue to pilot programs and activities. We launched our Responsible AI ("RAI") Framework for startups and VCs in Nov. 2023. This framework led to an ongoing community of practice of VCs who rarely occupy the same learning environment together. The framework was endorsed by 100+ organizations, including more than 50 VCs. We continued publishing our weekly newsletter on AI, policy, and RIL's activities. Our convenings continue to provide a service to investors, operators, and LPs. RIL's nascent attempts to engage LPs have demonstrated that we are capable of convening LPs representing more than $500 billion in AUM. We are encouraged that our activities have been met with positive reviews. We also know we need to improve the metrics to determine our impact beyond the inputs (e.g., # of attendees, signatories count, magnitude of AUM, etc.). These recent efforts have helped us refine our value proposition and how we communicate it (e.g. updated RIL website, slide deck materials, RAI marketing and press strategy). Before we seek recurring revenues from industry, we must refine our go forward strategy, business model, and value proposition to ensure utility for our audiences. Second, we are developing the next iteration of RIL. In Sept. 2023, RIL hired its new Executive Director, Gaurab Bansal, to bring cross-sector experience, mission-alignment, and leadership. Gaurab had a running start with ongoing RAI activities and both RAI's launch and the annual summit anticipated for mid Nov. 2023. Key to developing this next iteration of RIL was taking the opportunity to evaluate our existing and proposed programming. We took this opportunity with the summit by deciding to postpone it to 2024; this was also in the interests of building a larger capital reserve to ensure we could adequately resource it. One of Gaurab's early priorities was to undertake a strategy sprint to develop a business model for RIL's next chapter. The goal of our strategy process is to develop a financially viable roadmap and set of programs aligned with RIL's mission. We also view board expansion and strengthening our fiduciary mechanisms at the board level as opportunities to evolve RIL going forward. Third, and finally, we've learned some important lessons which we are incorporating in our strategy process. 0 0 0 422822 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X Gaurab Bansal 4255035500 50 California Street Suite 1500 San Francisco CA 94111 Jama Adams Chief Operating Officer 40 0 X 205910 0 0 Luisa Reyes Community Product Manager 40 0 X 120000 0 6567 Gaurab Bansal Executive Director 40 0 X 79833 0 3798 Jon Zieger President & Secretary 40 0 X X 4500 0 0 Diede Van Lamoen Treasurer 5 0 X X 2500 0 0 Hemant Taneja Director & Advisory Board Chair 5 0 X 0 0 0 412743 0 10365 2 0 1 0 0 0 0 0 0 23876 955980 0 979856 0 1579 0 0 1579 0 0 0 0 0 0 0 0 0 0 0 0 0 0 981435 0 0 1579 X 296541 63341 118616 114584 185001 138750 46251 19112 14334 4778 37447 16570 12645 8232 792 792 1632 1632 252923 165871 87052 195 195 7959 7959 5699 5699 1431 1431 9197 9197 14564 14564 0 832493 422822 286855 122816 58325 207812 0 0 0 0 0 0 0 0 0 0 0 0 58325 207812 379 924 0 0 0 0 0 0 0 379 924 X 57946 206888 0 0 57946 206888 58325 207812 148942 0 0 0 0 0 X 0 0 0 X 614060 353253 979856 1947169 0 0 614060 353253 979856 1947169 458170 1488999 1579 1579 1948748 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 0 0 0 0 0 0 Jama Adams Chief Operating Officer 205910 0 0 0 0 0 0 0 0 0 205910 0 0 0 Form 990, Part VI, Section A, Line 8b There is no committee with authority to act on behalf of the governing body. Form 990, Part VI, Section B, Line 11b A copy of the 990 is sent to all board members. Form 990, Part VI, Section B, Line 12c The board is asked to disclose any conflicts of interest. Form 990, Part VI, Section B, Line 15 The Executive Director compensation is reviewed and approved by the board. This was last completed in September 2023 when a new Executive Director was hired. Compensation for key employees is determined by the Executive Director. Form 990, Part VI, Section C, Line 19 The organization's Form 990, governing documents, conflict of interest policy, and financial statements are made available upon request. Form 990, Part IX, Line 11g Consulting services to assist with communications, policy, product and content development and strategy.