Nonprofit · EIN 47-1793768
IQM RESEARCH INSTITUTE
Tax-exempt · ANN ARBOR, MI 48105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,600,511 | $4,561,763 | $38,748 | $1,280,611 | $595,500 | $685,111 |
| December 31, 2023 | 990 | $4,650,631 | $4,347,436 | $303,195 | $1,397,982 | $751,619 | $646,363 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $810,308
- of which government grants
- $563,681
- Program service revenue
- $3,620,305
- Investment income
- $28,076
- Other revenue
- $141,822
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $855,973
- Other salaries and wages
- $1,632,722
- Salaries, compensation and benefits (total)
- $3,098,824
- Professional fundraising fees
- $0
- Legal fees
- $61,496
- Accounting fees
- $58,064
- Occupancy
- $53,049
- Travel
- $136,792
- Program services (functional)
- $2,851,103
- Management and general (functional)
- $1,710,660
Balance sheet and other
- Total assets, start of year
- $1,397,982
- Total assets, end of year
- $1,280,611
- Total liabilities, end of year
- $595,500
- Net assets, end of year
- $685,111
- Net assets without donor restrictions
- $685,111
- Gross receipts
- $4,600,511
- Employees
- 31
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- MI
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 | Other / benefits |
|---|---|---|---|---|
| MELAINE A CORCORAN | VP OF ADVANCE PROGRAMS Highest-paid employee | 23 | $304,730 | $28,551 |
| MICHAEL DUDZIK | PRESIDENT AND CEO Trustee or director, Officer | 40 | $284,415 | $14,221 |
| PAOLO SPADAFORA | VICE PRESIDENT Highest-paid employee | 27 | $241,930 | $29,025 |
| JIM MILES | CHIEF OPERATING OFFICER Trustee or director, Officer | 40 | $255,342 | $12,767 |
| DAVID FLEURY | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 39.75 | $248,322 | $12,731 |
| JENNIFER FRYE | PROGRAM MANAGER Highest-paid employee | 40 | $132,563 | $6,628 |
| SCOTT MEE | PROGRAM MANAGER Highest-paid employee | 14 | $128,369 | $6,418 |
| JAMES KIRK | RESEARCH SCIENTIST Highest-paid employee | 25 | $110,766 | $5,599 |
| GERALD BRENNAN | VP OF LEGAL AFFAIRS Trustee or director, Officer | 5 | $21,119 | $1,056 |
| TERENCE RHOADES | DIRECTOR Trustee or director | 0.1 | $2,000 | $0 |
| MARIA THOMPSON | DIRECTOR Trustee or director | 0.1 | $2,000 | $0 |
| MICHAEL STONE | DIRECTOR Trustee or director | 0.1 | $2,000 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MELAINE A CORCORAN | VP OF ADVANCE PROGRAMS Highest-paid employee | 23.1 | $360,478 | $26,874 |
| MICHAEL DUDZIK | PRESIDENT AND CEO Trustee or director, Officer | 40 | $284,684 | $14,114 |
| JIM MILES | VP AND COO Trustee or director, Officer | 40 | $199,511 | $9,963 |
| DAVID FLEURY | CFO Trustee or director, Officer | 35 | $172,992 | $8,650 |
| ROBERT WRAY | PROGRAM MANAGER Highest-paid employee | 30.7 | $147,418 | $7,301 |
| TRACEY FISCHER | PROGRAM MANAGER Highest-paid employee | 40 | $139,556 | $11,923 |
| JAMES KIRK | RESEARCH SCIENTIST Highest-paid employee | 33.1 | $123,268 | $6,553 |
| STEVEN GRAVES | RESEARCH SCIENTIST Highest-paid employee | 13.3 | $118,511 | $5,544 |
| GERALD BRENNAN | VP OF LEGAL AFFAIRS Trustee or director, Officer | 5 | $14,419 | $0 |
| TERENCE RHOADES | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| MARIA THOMPSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| MICHAEL STONE | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 24 FRANK LLOYD WRIGHT DR SUITE H120, ANN ARBOR, MI 48105-9484
- In care of
- % DAVID FLEURY
- Mailing address (990-N for 2015)
- Box 464 24 Frank Lloyd Wright Dr H, Ann Arbor MI 48106
- Principal officer (990 for 2024)
- MICHAEL DUDZIK, 24 FRANK LLOYD WRIGHT DR H1200, ANN ARBOR, MI 48105
- Principal officer (990-N for 2015)
- Gerald Brennan, Box 464 24 Frank Lloyd Wright Dr H, Ann Arbor MI 48106
- Signed the 990
- DAVID FLEURY, CFO
- Phone
- (810) 224-1717
- Website
- www.iqmri.org
- Return prepared by
- MANER COSTERISAN PC
Mission
PERFORM FUNDAMENTAL AND APPLIED RESEARCH IN THE PUBLIC INTEREST FOR GOVERNMENTAL AND EDUCATIONAL INSTITUTIONS AND PRIVATE INDUSTRY TO ATTRACT HIGH TECHNOLOGY TO THE STATE OF MICHIGAN.
Program accomplishments
- CONDUCTING BASIC RESEARCH FOR A UNITED STATES GOVERNMENT CONTRACT.Expenses $1,554,279 · revenue $2,492,714
- ARTIFICIAL INTELLIGENCE.Expenses $568,454 · revenue $263,199
- RESEARCH AND DEVELOP VEHICULAR CYBERSECURITY.Expenses $391,180 · revenue $465,462
- STTRS COVER THREE MAIN AREAS: 1) ENTERPRISE DATA FABRICS TO ENABLE FASTER MOVEMENT, CATALOGUING, AND INHERENT SECURITY. 2) ADVANCE POWER FOR THE WAR FIGHTER (LONG LASTING, TRANSPORTABLE AND LOW SWAP.) 3) BIO TECHNOLOGIES TO DELIVER MEDICINE AND DIAGNOSTICS TO THE FIELD.Expenses $143,531 · revenue $230,180
- SPACE TECHNOLOGIES COMMUNITY OF INTEREST (COI): IDENTIFYING AND BRINGING TOGETHER COMPANIES IN THE STATE OF MICHIGAN WHOSE MAJOR BUSINESS THRUST IS THE DEVELOPMENT OR MANUFACTURE OF TECHNOLOGIES FOCUSED ON THE SPACE INDUSTRY SECTOR WITH THE OBJECTIVE OF SUPPORTING GROWTH AND FOCUSING RESOURCES ON GOVERNMENT SPONSORED PROGRAMS.Expenses $105,225 · revenue $168,750
- ALL-DOMAIN MILITARY DEVELOPMENT TESTINGExpenses $88,434 · revenue $141,822
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
- 47-1793768
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U20)
- Assets (IRS master file)
- $1,280,611
- Income (IRS master file)
- $4,600,511
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,600,511 | $4,561,763 | $1,280,611 | XML |
| 990 | December 2023 | $4,650,631 | $4,347,436 | $1,397,982 | XML |
| 990 | December 2022 | $3,164,974 | $2,996,819 | $1,135,301 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2015 Officer: Gerald Brennan | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-1793768).
Questions about IQM RESEARCH INSTITUTE
- What is the EIN of IQM RESEARCH INSTITUTE?
- The employer identification number (EIN) of IQM RESEARCH INSTITUTE is 47-1793768.
- Is IQM RESEARCH INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to IQM RESEARCH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IQM 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 IQM 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 IQM 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 IQM RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 names MICHAEL DUDZIK.
- Who are the officers and directors of IQM RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 12 people; 12 received compensation from the organization, the highest $304,730 (MELAINE A CORCORAN, VP OF ADVANCE PROGRAMS).
- How much revenue does IQM RESEARCH INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,600,511, expenses of $4,561,763 and total assets of $1,280,611 at year end.
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