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Nonprofit · EIN 85-3338067

RESPONSIBLE INNOVATION LABS INC

Tax-exempt · DOVER, DE 19904

Financials

$981K$832K2023$2.5M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of RESPONSIBLE INNOVATION LABS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,490,600$1,136,191$1,354,409$1,581,229$19,932$1,561,297
December 31, 2023990$981,435$832,493$148,942$207,812$924$206,888
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,490,600
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$268,941
Other salaries and wages
$273,545
Salaries, compensation and benefits (total)
$588,948
Professional fundraising fees
$0
Legal fees
$19,080
Accounting fees
$4,093
Occupancy
$1,577
Travel
$36,575
Program services (functional)
$712,893
Management and general (functional)
$319,716
Fundraising (functional)
$103,582

Balance sheet and other

Total assets, start of year
$207,812
Total assets, end of year
$1,581,229
Total liabilities, end of year
$19,932
Net assets, end of year
$1,561,297
Net assets without donor restrictions
$1,561,297
Gross receipts
$2,490,600
Employees
4
Volunteers
3
Year formed
2020
State of legal domicile
DE

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.

NameTitleHours / weekCompensationOther / benefits
Gaurab BansalExecutive Director
Officer
40$260,000$8,941
Luisa ReyesProgram Manager
Highest-paid employee
40$122,275$5,858
Jon ZiegerPresident & Secretary
Trustee or director, Officer
1$0$0
Diede Van LamoenTreasurer
Trustee or director, Officer
1$0$0
Hemant TanejaDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
Jama AdamsChief Operating Officer
Key employee
40$205,910$0
Luisa ReyesCommunity Product Manager
Highest-paid employee
40$120,000$6,567
Gaurab BansalExecutive Director
Officer
40$79,833$3,798
Jon ZiegerPresident & Secretary
Trustee or director, Officer
40$4,500$0
Diede Van LamoenTreasurer
Trustee or director, Officer
5$2,500$0
Hemant TanejaDirector & Advisory Board Chair
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
874 WALKER RD STE C, DOVER, DE 19904-2778
Principal officer (990 for 2024)
Gaurab Bansal, 7511 Greenwood Avenue North, 118, Seattle, WA 98103
Signed the 990
Gaurab Bansal, Executive Director
Phone
(206) 992-5846
Return prepared by
Rising Sun Accounting

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $712,893

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-3338067
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,581,229
Income (IRS master file)
$2,490,600

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,490,600$1,136,191$1,581,229XML
990December 2023$981,435$832,493$207,812XML
990December 2022$353,253$620,151$58,325IRS
990December 2021$614,060$289,216$324,879IRS

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 85-3338067).

Questions about RESPONSIBLE INNOVATION LABS INC

What is the EIN of RESPONSIBLE INNOVATION LABS INC?
The employer identification number (EIN) of RESPONSIBLE INNOVATION LABS INC is 85-3338067.
Is RESPONSIBLE INNOVATION LABS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to RESPONSIBLE INNOVATION LABS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RESPONSIBLE INNOVATION LABS INC 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 RESPONSIBLE INNOVATION LABS INC 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 RESPONSIBLE INNOVATION LABS INC 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 RESPONSIBLE INNOVATION LABS INC?
The 990 for the year ended December 31, 2024 names Gaurab Bansal.
Who are the officers and directors of RESPONSIBLE INNOVATION LABS INC?
The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $260,000 (Gaurab Bansal, Executive Director).
How much revenue does RESPONSIBLE INNOVATION LABS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,490,600, expenses of $1,136,191 and total assets of $1,581,229 at year end.

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