Nonprofit · EIN 77-0238044
RESERVOIR ENGINEERING RESEARCH INSTITUTE
Tax-exempt · PALO ALTO, CA 94301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $547,635 | $547,934 | -$299 | $181,004 | $440,738 | -$259,734 |
| December 31, 2023 | 990 | $542,427 | $683,784 | -$141,357 | $229,486 | $488,921 | -$259,435 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $545,855
- Investment income
- $1,728
- Other revenue
- $52
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $57,514
- Other salaries and wages
- $253,671
- Salaries, compensation and benefits (total)
- $358,902
- Professional fundraising fees
- $0
- Legal fees
- $5,460
- Accounting fees
- $2,625
- Occupancy
- $84,604
- Travel
- $20,058
- Depreciation
- $10,765
- Program services (functional)
- $408,854
- Management and general (functional)
- $128,270
- Fundraising (functional)
- $10,810
Balance sheet and other
- Total assets, start of year
- $229,486
- Total assets, end of year
- $181,004
- Total liabilities, end of year
- $440,738
- Net assets, end of year
- -$259,734
- Land, buildings and equipment
- $38,771
- Publicly traded securities
- $98,493
- Net assets without donor restrictions
- -$259,734
- Gross receipts
- $547,635
- Employees
- 6
- Volunteers
- 6
- Year formed
- 1991
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Abbas Firoozabadi | ED/Treas/Sectry Trustee or director, Officer | 40 | $57,514 |
| Dr Bret Beckner | Director Trustee or director | 1 | $0 |
| Prof Clayton Radke | Director Trustee or director | 1 | $0 |
| Dr Kjetil Haugen | Director Trustee or director | 1 | $0 |
| Prof Gerald Fuller | Director Trustee or director | 1 | $0 |
| Dr Bamshad Nazarian | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ABBAS FIROOZABADI | Executive Direc Trustee or director, Officer | 40 | $115,029 |
| DR BRET BECKNER | Director Trustee or director | 1 | $0 |
| PROF CLAYTON RADKE | Director Trustee or director | 1 | $0 |
| DR KJETIL HAUGEN | Director Trustee or director | 1 | $0 |
| PROF GERALD FULLER | Director Trustee or director | 1 | $0 |
| DR BAMSHAD NAZARIAN | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 595 LYTTON AVE SUITE B 2ND FLO, PALO ALTO, CA 94301-1538
- Principal officer (990 for 2024)
- Abbas Firoozabadi, 595 Lytton Ave Ste B 2nd Floor, Palo Alto, CA 94301
- Signed the 990
- Abbas Firoozabadi, Executive Director
- Phone
- (650) 326-9172
- Website
- www.rerinst.org
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0238044 or by the name RESERVOIR ENGINEERING RESEARCH INSTITUTE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Experimental, theoretical, and numerical research in the areas of thermodynamics of hydrocarbon reservoirs and production, gas injection processes, and fractured and layered reservoirs.
Program accomplishments
- To carry out in-depth research in key area of petroleum reservoir engineering.Expenses $408,854 · revenue $545,855
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0238044
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U420)
- Assets (IRS master file)
- $181,004
- Income (IRS master file)
- $547,635
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $547,635 | $547,934 | $181,004 | XML |
| 990 | December 2023 | $542,427 | $683,784 | $229,486 | XML |
| 990 | December 2022 | $410,643 | $469,573 | $145,837 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0238044).
Questions about RESERVOIR ENGINEERING RESEARCH INSTITUTE
- What is the EIN of RESERVOIR ENGINEERING RESEARCH INSTITUTE?
- The employer identification number (EIN) of RESERVOIR ENGINEERING RESEARCH INSTITUTE is 77-0238044.
- Is RESERVOIR ENGINEERING RESEARCH INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to RESERVOIR ENGINEERING RESEARCH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RESERVOIR ENGINEERING RESEARCH INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RESERVOIR ENGINEERING RESEARCH INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RESERVOIR ENGINEERING RESEARCH INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RESERVOIR ENGINEERING RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 names Abbas Firoozabadi.
- Who are the officers and directors of RESERVOIR ENGINEERING RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $57,514 (Abbas Firoozabadi, ED/Treas/Sectry).
- How much revenue does RESERVOIR ENGINEERING RESEARCH INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $547,635, expenses of $547,934 and total assets of $181,004 at year end.
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