2024-10-22T11:36:45-05:00 2023-12-31 541029635 THOMPSON GREENSPON 4035 RIDGE TOP RD SUITE 700 FAIRFAX VA 22030 990 2023-01-01 823170835 THE SUNWATER INSTITUTE SUNW 2406304964 12358 PARKLAWN DRIVE 240 ROCKVILLE MD 20852 MATTHEW CHERVENAK CHAIRMAN 2406304964 2024-10-18 1 0 TRACY M MOREY CPA P01521539 7033858888 2023 2024-10-15 13:58:12Z X MATTHEW CHERVENAK 12358 PARKLAWN DRIVE SUITE 240 ROCKVILLE MD 20852 1250524 0 X SUNWATER.ORG X 2017 DC THE SUNWATER INSTITUTE'S MISSION IS TO STRENGTHEN THE FOUNDATIONS OF DEMOCRACY THROUGH INTERDISCIPLINARY SCIENCE, TECHNOLOGY, AND OPEN DIALOGUE TO FOSTER A SOCIETY BUILT ON INDIVIDUAL LIBERTY REACHING ITS MAXIMUM POTENTIAL. 5 5 14 55 0 0 30262 834177 3474 161756 0 0 0 96516 33736 1092449 43805 102222 0 0 481551 1017705 0 0 113708 707112 1886726 1232468 3006653 -1198732 -1914204 3055340 4181600 4948050 7988514 -1892710 -3806914 THE SUNWATER INSTITUTE'S MISSION IS TO STRENGTHEN THE FOUNDATIONS OF DEMOCRACY THROUGH INTERDISCIPLINARY SCIENCE, TECHNOLOGY, AND OPEN DIALOGUE TO FOSTER A SOCIETY BUILT ON INDIVIDUAL LIBERTY REACHING ITS MAXIMUM POTENTIAL. 0 0 2362763 102222 258272 THE SUNWATER INSTITUTE FOCUSES ON THREE FUNDAMENTAL CONCEPTS PROPERTY, ON WHICH OUR ECONOMY IS BUILT, GROUP DECISION-MAKING, ON WHICH OUR GOVERNMENT IS BUILT, AND RIGHTS AND LIBERTIES, ON WHICH OUR FREEDOM IS BUILT. THE FOCUS ON THESE FUNDAMENTAL CONCEPTS, ALONG WITH A LONG-TERM, INTERDISCIPLINARY, AND NONPARTISAN APPROACH GIVES THE SUNWATER INSTITUTE A UNIQUE PERSPECTIVE ON DATA RESEARCH, CONFERENCES, TRAININGS, ACADEMIC ARTICLES, SOCIAL MEDIA, AND VIDEO OUTPUTS. 2362763 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 29 0 1 14 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X STEPHANIE GUALINO 2406304964 12358 PARKLAWN DRIVE SUITE 240 ROCKVILLE MD 20852 X MATTHEW M CHERVENAK CHAIRMAN 10.00 X X 0 0 0 STEPHANY N YU VICE CHAIRMAN 1.00 X X 0 0 0 ERIC MCANDREWS DIRECTOR 0.10 X 0 0 0 MICHAEL HICKEY DIRECTOR 0.10 X 0 0 0 JON ZIFFERBLATT DIRECTOR 0.10 X 0 0 0 STEPHANIE GUALINO TREASURER 1.50 X 0 0 0 ARIC LAVINTHAL SECRETARY 2.00 X 0 0 0 ANI HARUTYUNYAN SCHOLAR 40.00 X 196000 0 14537 MATTHEW BARNES SALES & OPERATINGS MANAGER 40.00 X 110907 0 8412 JOHN RACKEY DIRECTOR OF LEGISLATIVE STUDIES 40.00 X 129439 0 8310 436346 0 31259 3 0 1 0 REFRAME DATA SERVICES LLC 12358 PARKLAWN DRIVE SUITE 220 NORTH BETHESDA MD 20852 PROFESSIONAL INFORMATION TECHNOLOGY 965698 SUNWATER CAPITAL MANAGEMENT 12358 PARKLAWN DRIVE SUITE 220 NORTH BETHESDA MD 20852 ADMINISTRATIVE SERVICES 260979 JOBSITY LLC 228 PARK AVE S 62771 NEW YORK NY 10003 DEVELOPMENT SERVICES 180586 LUCASTLE LLC 247 QUEENS CT SATELLITE BEACH FL 32937 WEBSITE CONSULTING 164390 CRITICAL TECHNICS LLC 12470 CASBEER DR FAIRFAX VA 22033 CLOUD/DEVELOPMENT SERVICES 103050 5 19159 815018 834177 SUBSCRIPTION REVENUE 541900 161756 161756 161756 254512 158075 96437 96437 OTHER INCOME 900099 79 79 79 1092449 258272 0 0 X 102222 102222 891838 813630 78208 16600 15280 1320 44589 41042 3547 64678 59110 5568 260979 260979 16303 16303 41317 41317 928446 885242 43204 997 997 126649 55012 71637 268366 244596 23770 8056 8056 431 431 85768 85768 119442 119144 298 1925 1925 DATA SUBSCRIPTIONS 13445 13445 REGISTRATION AND LICENS 9049 9049 BAD DEBT 3567 3567 VIDEO EXPENSE 1986 1986 3006653 2362763 530182 113708 189745 162903 11053 68464 5976 891 1000 1560 9233 53515 27379 3361 16650 24018 728306 1991560 2093377 1878689 3055340 4181600 85508 158830 112628 86607 2422540 5574142 60000 2327374 2108935 4948050 7988514 X -1892710 -3921914 115000 -1892710 -3806914 3055340 4181600 -1914204 0 X 0 1 X 0 0 X 400106 300009 96156 26695 834177 1657143 400106 300009 96156 26695 834177 1657143 1448710 208433 25 25 79 79 1657247 165230 0.12580 0.14330 X PART II, LINE 1 THE 2022 COLUMN WAS DECREASED BY $3,567 FOR A CONTRIBUTION RECEIVABLE WRITTEN OFF IN 2023. PART II, LINE 17A THE SUNWATER INSTITUTE'S ("TSI") PERCENTAGE OF PUBLIC SUPPORT IS STEADILY INCREASING, GOING FROM 11.2% IN THE FIFTH YEAR OF OPERATIONS (2021), TO 14.33% IN THE SIXTH YEAR (2022). IN THE SEVENTH YEAR (2023) THE CALCULATED SUPPORT LEVEL DECREASED SLIGHTLY TO 12.58%, BUT GRANTS FROM OTHER ORGANIZATIONS INCREASED BY $103,898. WE ANTICIPATE CONTINUED GROWTH OF THIS PERCENTAGE. SUPPORT HAS COME FROM BOARD MEMBERS, THE PUBLIC, GOVERNMENT SUBGRANT VIA OTHER 501C3 ORGANIZATIONS AND PRIVATE UNIVERSITIES. IT IS IMPORTANT TO NOTE THAT TSI'S 4TH AND 5TH YEARS OF OPERATIONS - A TIME OTHERWISE CRITICAL FOR GROWTH OF ITS OFFERINGS AND FUNDRAISING CAPABILITIES - WERE MATERIALLY ENCUMBERED BY THE COVID PANDEMIC. REGARDLESS, TSI BEGAN A FORMAL DEVELOPMENT PROGRAM WITH PROFESSIONALIZED STAFF IN ITS 5TH YEAR (2021) WHICH CONTINUED IN ITS 6TH AND 7TH YEARS. RELEVANT FUNDRAISING ACCOMPLISHMENTS INCLUDE: - GUIDESTAR'S PLATINUM RATING FOR TRANSPARENCY - STRICT ADHERENCE TO ADMINISTRATIVE, LEGAL, AND COMPLIANCE REQUIREMENTS NATIONALLY - ACTIVE IDENTIFICATION, QUALIFICATION, CULTIVATION AND SOLICITATION OF POTENTIAL DONORS (3,000+) THE SUNWATER INSTITUTE'S MISSION IS TO STRENGTHEN THE FOUNDATIONS OF LIBERAL DEMOCRACY THROUGH INTERDISCIPLINARY SCIENCE, TECHNOLOGY, AND OPEN DIALOGUE, WITHOUT POLICY OBJECTIVES OR PRIVATE INTERESTS. OUR WORK BENEFITS AND IS UNIVERSALLY APPLICABLE TO EVERY DEMOGRAPHIC AND THE INSTITUTIONS OF DEMOCRACY GENERALLY. THE BOARD OF DIRECTORS IS DIVERSE AND REPRESENT DIFFERENT DISCIPLINES AND SKILLSETS, INCLUDING ENTREPRENEURS, THE MANAGING DIRECTOR OF A TRUST COMPANY, A MEDICAL DOCTOR AND A PRESIDENT/CREATIVE DIRECTOR OF AN ADVERTISING AND MARKETING FIRM. TSI IS WORKING TO INCREASE BOARD MEMBERSHIP. IN THE MEANTIME, IT MAINTAINS TWO ADVISORY COUNCILS WITH MULTIPLE PUBLIC-SERVING MEMBERS WITH EXPERTISE IN OUR AREAS OF FOCUS, FOR EXAMPLE: - SANDRA STROKOFF: FORMER HEAD OF THE HOUSE OF REPRESENTATIVES OFFICE OF LEGISLATIVE COUNSEL / LEADING EXPERT ON LEGISLATIVE DRAFTING - PHILLIP J. KIKO: FORMER CHIEF ADMINISTRATIVE OFFICER (2016 TO 2021) OF THE HOUSE OF REPRESENTATIVES - DANIEL LIPINSKI, PH.D.: FORMER EIGHT-TERM HOUSE REPRESENTATIVE (2005 TO 2021) REPRESENTING ILLINOIS' THIRD DISTRICT TSI'S MISSION IS MAINLY ACCOMPLISHED THROUGH THE PUBLIC DISSEMINATION OF INFORMATION VIA SCHOLARLY PUBLICATIONS, EDITORIAL CONTENT (INCLUDING INTERVIEWS WITH NOTABLE PUBLIC FIGURES SUCH AS REPS STEPHANIE BICE, EMMANUEL CLEAVER, AND MIKE CAREY), BOOKS (EG LEGISLATIVE DRAFTER'S DESK REFERENCE, 3RD EDITION BY SANDRA STROKOFF) TRAINING MODULES AND SEMINARS (EG FOR GOVERNMENT AGENCIES, POLITICAL PARTIES, AND ARMED FORCES), AND RESEARCH PLATFORMS. TSI PUBLISHES IN PUBLIC-INTEREST FIELDS SUCH AS CONGRESSIONAL REFORM INTELLECTUAL PROPERTY, SOCIAL SCIENCES, LEGISLATIVE COMPLIANCE, AND ECONOMICS. TSI ALSO PUBLISHES THE WASHINGTON REPRESENTATIVES/ U.S. CONGRESS HANDBOOK (WITH A DISTRIBUTION OF OVER 18,000, READERSHIP INCLUDES UNIVERSITIES, THINK-TANKS, LAW FIRMS, LOBBYING FIRMS, ASSOCIATIONS, CONGRESSIONAL OFFICES, THE FEDERAL GOVERNMENT, MILITARY, EMBASSIES, CORPORATIONS, AND OTHERS). HIGHLIGHTS FOR TSI IN 2023 INCLUDE (I) SECURING A GRANT TO SUPPORT (A) THE ANALYSIS OF THE QUALITY OF PATENTS ISSUED BY THE USPTO, (B) PUBLISHING OF A PAPER DETAILING SUCH ANALYSIS, AND (C) HOSTING OF A PUBLIC EVENT TO PROMOTE THE FINDINGS, (II) THE ACQUISITION OF THECAPITOL.NET, INCLUDING ITS (A) ROBUST STABLE OF PUBLICATIONS COVERING THE US GOVERNMENT AND CONSTITUTION AND (B) EDUCATIONAL BUSINESS FOR GOVERNMENT AND NON-GOVERNMENT TRAINING (EG, CONSTITUTIONAL LAW AND DRAFTING LEGISLATION) AND (III) CONTINUED FOCUS ON AND DEVELOPMENT OF ITS LEGIS1 PLATFORM (AN EXTENSIVE CONGRESSIONAL AND LEGISLATIVE DATA PLATFORM DESIGNED TO FACILITATE NON-PARTISAN CONGRESSIONAL ACTION). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27379 3361 24018 24018 SECURITY DEPOSIT 16654 RIGHT OF USE ASSET 1862035 1878689 OPERATING LEASE LIABILITY 2108935 2108935 X 1337924 87400 158075 245475 1092449 0 1092449 3252128 87400 158075 245475 3006653 0 3006653 PART X, LINE 2: SWI COMPLIES WITH THE PROVISIONS OF THE FASB ASC TOPIC ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, NO UNRECOGNIZED TAX PROVISION OR BENEFIT EXISTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 158,075. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 158,075. 1 YALE UNIVERSITY OFFICE OF SPONSORED PROJECTS PO BOX 208327 NEW HAVEN CT 06520 060646973 501(C)3 101422 0 SPONSORSHIP TO FUND RESEARCH PROGRAM IN THE FIELDS OF GROUP DECISION MAKING AND EVOLUTIONARY PERSPECTIVES ON RIGHTS AND LIBERTIES. 1 0 PART I, LINE 2: THE ORGANIZATION HAS PERIODIC CHECKPOINTS WITH THE GRANTEES THROUGHOUT THE GRANT PERIOD, HAS AN INTERNAL PROCESS FOR APPROVING FUNDING REQUESTS, AND REVIEWS THE GRANT FINANCIALS IN ACCORDANCE WITH GRANT AGREEMENTS. X X X 0 0 0 0 0 0 0 0 0 ANI HARUTYUNYAN SCHOLAR 171000 0 25000 0 0 0 7840 0 6697 0 210537 0 0 0 SUNWATER CAPITAL MANAGEMENT LLC 100% CONTROLLED BY TWO BOARD MEMBERS PAYABLES FOR MANAGEMENT FEES AND OTHER UNPAID REIMBURSEMENTS X 34392 34392 0 1 1 SUNWATER GROUP LLC OWNED BY BOARD MEMBER LOAN FOR OPERATIONAL COSTS X 2265000 2344490 0 1 1 REFRAME DATA SERVICES OWNED BY BOARD MEMBER PAYABLES FOR PROFESSIONAL SERVICES X 217843 217843 0 1 1 M CHERVENAK BOARD MEMBER LOAN FOR OPERATIONAL COSTS X 2950000 2977417 0 1 1 5574142 SUNWATER CAPITAL MANAGEMENT LLC 100% CONTROLLED BY TWO BOARD MEMBERS 246361 MANAGEMENT FEES 0 REFRAME DATA SERVICES OWNED BY BOARD MEMBER 865565 MANAGEMENT FEES 0 FORM 990, PART VI, SECTION A, LINE 1A AS INCLUDED IN THE 1023 APPLICATION, THERE ARE TWO CLASSES OF DIRECTORS, CLASS A AND B, WITH THE CLASS A DIRECTORS HAVING CERTAIN SUPERIOR RIGHTS WITH RESPECT TO BOARD COMPENSATION, OFFICER SELECTION, AND BYLAWS AMENDMENTS. FORM 990, PART VI, SECTION A, LINE 2 MATHEW CHERVENAK AND STEPHANY YU ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AN AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 BEFORE IT IS FILED IS REVIEWED BY EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY FOR POSSIBLE VIOLATIONS AT EACH ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION APPROVES COMPENSATION THROUGH IMPARTIAL DECISION MAKERS USING COMPARABILITY DATA SUCH AS EXPERT COMPENSATION STUDIES, WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS, DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS AT OTHER ORGANIZATIONS, AND INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. THE ORGANIZATION DOCUMENTED HOW IT REACHED ITS DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE SUNWATER INSTITUTE'S BYLAWS, ARTICLES OF INCORPORATION, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO ANYONE WHO REQUESTS THEM. FURTHER, THE SUNWATER INSTITUTE HAS ALWAYS COMPLIED AND WILL CONTINUE TO COMPLY, WITH THE MANDATE THAT FORM 990 BE MADE PUBLICLY AVAILABLE. FORM 990, PART IX, LINE 11G RECRUITING FEES: PROGRAM SERVICE EXPENSES 2,010. MANAGEMENT AND GENERAL EXPENSES 43,204. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,214. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 90,040. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 90,040. MARKETING: PROGRAM SERVICE EXPENSES 18,178. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,178. SCHOLARS: PROGRAM SERVICE EXPENSES 85,435. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,435. SOFTWARE DEV/OPS: PROGRAM SERVICE EXPENSES 689,579. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 689,579.