Nonprofit · EIN 86-2507311
AIRABLE RESEARCH LAB
Tax-exempt · WORTHINGTON, OH 43085
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,133,267 | $1,168,054 | $965,213 | $2,884,470 | $163,046 | $2,721,424 |
| December 31, 2023 | 990 | $1,887,670 | $989,706 | $897,964 | $1,912,211 | $173,272 | $1,738,939 |
| December 31, 2022 | 990 | $1,567,707 | $726,732 | $840,975 | $1,141,649 | $300,674 | $840,975 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,065,000
- Program service revenue
- $831,924
- Investment income
- $34,062
- Royalties
- $202,281
- Other revenue
- $202,281
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $67,594
- Depreciation
- $27,041
- Program services (functional)
- $1,018,826
- Management and general (functional)
- $149,228
Balance sheet and other
- Total assets, start of year
- $1,912,211
- Total assets, end of year
- $2,884,470
- Total liabilities, end of year
- $163,046
- Net assets, end of year
- $2,721,424
- Land, buildings and equipment
- $153,872
- Publicly traded securities
- $790,125
- Net assets without donor restrictions
- $2,721,424
- Gross receipts
- $2,133,267
- Employees
- 0
- State of legal domicile
- OH
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 |
|---|---|---|---|
| KEITH KEMP | PRESIDENT Trustee or director | 1 | $0 |
| CINDY LAYMAN | TREASURER Trustee or director | 1 | $0 |
| STEVE REINHARD | DIRECTOR Trustee or director | 1 | $0 |
| JERRY BAMBAUER | DIRECTOR Trustee or director | 1 | $0 |
| BILL BAYLISS | VICE PRESIDE Trustee or director | 1 | $0 |
| MIKE FEAZEL | DIRCTOR Trustee or director | 1 | $0 |
| MANIO VALLURI | SECRETARY Trustee or director | 1 | $0 |
| JEFF MAGYAR | DIRECTOR Trustee or director | 1 | $0 |
| KIRK MERRITT | EXECUTIVE DI Officer | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH KEMP | PRESIDENT Trustee or director | – | $0 |
| CINDY LAYMAN | TREASURER Trustee or director | – | $0 |
| STEVE REINHARD | DIRECTOR Trustee or director | – | $0 |
| JERRY BAMBAUER | DIRECTOR Trustee or director | – | $0 |
| BILL BAYLISS | VICE PRESIDE Trustee or director | – | $0 |
| MIKE FEAZEL | DIRCTOR Trustee or director | – | $0 |
| MANIO VALLURI | SECRETARY Trustee or director | – | $0 |
| JEFF MAGYAR | DIRECTOR Trustee or director | – | $0 |
| KIRK MERRITT | EXECUTIVE DI Officer | – | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH KEMP | PRESIDENT Trustee or director | 1 | $0 |
| CINDY LAYMAN | TREASURER Trustee or director | 1 | $0 |
| STEVE REINHARD | DIRECTOR Trustee or director | 1 | $0 |
| JERRY BAMBAUER | DIRECTOR Trustee or director | 1 | $0 |
| BILL BAYLISS | VICE PRESIDE Trustee or director | 1 | $0 |
| MIKE FEAZEL | DIRCTOR Trustee or director | 1 | $0 |
| MANIO VALLURI | SECRETARY Trustee or director | 1 | $0 |
| JEFF MAGYAR | DIRECTOR Trustee or director | 1 | $0 |
| KIRK MERRITT | EXECUTIVE DI Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 918 PROPRIETORS RD STE A, WORTHINGTON, OH 43085-3194
- In care of
- % BARRY MCGRAW
- Principal officer (990 for 2024)
- KIRK MERRITT, 918 PROPRIETORS ROAD SUITE A, WORTHINGTON, OH 43085
- Signed the 990
- KIRK MERRITT, EXECUTIVE DIRECTOR
- Phone
- (614) 310-1800
- Website
- WWW.AIRABLERESEARCHLAB.COM
- Return prepared by
- PERKS PUSATERI & COMPANY CPAS
Mission
AIRABLE RESEARCH LAB IS AN ORGANIZATION FOCUSED ON RESEARCHING AND DEVELOPING NEW PRODUCTS THAT UTILIZE SOY-BASED FEEDSTOCKS TO SOLVE INDUSTRIAL AND CONSUMER CHALLENGES.
Program accomplishments
- THE PRIMARY GOAL IS TO IMPROVE SOYBEAN PROFITABILITY BY TARGETING RESEARCH, DEVELOPMENT, MARKETING, AND EDUCATION PROJECTS THROUGH THE INVESTMENT OF FARMER-CONTRIBUTED FUNDS.Expenses $1,018,826 · revenue $831,924
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
- 86-2507311
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U50)
- Assets (IRS master file)
- $2,884,470
- Income (IRS master file)
- $2,133,267
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,133,267 | $1,168,054 | $2,884,470 | XML |
| 990 | December 2023 | $1,887,670 | $989,706 | $1,912,211 | XML |
| 990 | December 2022 | $1,567,707 | $726,732 | $1,141,649 | XML |
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 86-2507311).
Questions about AIRABLE RESEARCH LAB
- What is the EIN of AIRABLE RESEARCH LAB?
- The employer identification number (EIN) of AIRABLE RESEARCH LAB is 86-2507311.
- Is AIRABLE RESEARCH LAB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to AIRABLE RESEARCH LAB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AIRABLE RESEARCH LAB 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 AIRABLE RESEARCH LAB 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 AIRABLE RESEARCH LAB 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 AIRABLE RESEARCH LAB?
- The 990 for the year ended December 31, 2024 names KIRK MERRITT.
- Who are the officers and directors of AIRABLE RESEARCH LAB?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does AIRABLE RESEARCH LAB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,133,267, expenses of $1,168,054 and total assets of $2,884,470 at year end.
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