Nonprofit · EIN 83-1426812
REFRACTION INC
Tax-exempt · MCLEAN, VA 22102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $646,643 | $670,926 | -$24,283 | $1,035,622 | $262,814 | $772,808 |
| December 31, 2023 | 990 | $864,511 | $927,011 | -$62,500 | $1,062,855 | $265,764 | $797,091 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,000
- Program service revenue
- $616,894
- Investment income
- $24,749
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $176,030
- Other salaries and wages
- $59,969
- Salaries, compensation and benefits (total)
- $297,939
- Professional fundraising fees
- $0
- Legal fees
- $52,317
- Occupancy
- $127,578
- Travel
- $877
- Program services (functional)
- $578,632
- Management and general (functional)
- $87,607
- Fundraising (functional)
- $4,687
Balance sheet and other
- Total assets, start of year
- $1,062,855
- Total assets, end of year
- $1,035,622
- Total liabilities, end of year
- $262,814
- Net assets, end of year
- $772,808
- Net assets without donor restrictions
- $772,808
- Gross receipts
- $646,643
- Employees
- 4
- Year formed
- 2018
- State of legal domicile
- VA
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 |
|---|---|---|---|---|
| Rachael Stott | President & CEO Trustee or director, Officer | 40 | $100,360 | $30,875 |
| Esther Lee | Treasurer Trustee or director, Officer | 10 | $42,613 | $9,628 |
| James Quigley | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Tien Wong | Secretary Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Esther Lee | President & CEO Trustee or director, Officer | 60 | $246,298 | $59,809 |
| James Quigley | Chairman Trustee or director | 1 | $0 | $0 |
| Tien Wong | Secretary Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7950 JONES BRANCH DR 8TH FLOOR NORT, MCLEAN, VA 22102-3268
- In care of
- % ESTHER LEE
- Mailing address (990-N for 2018)
- 7950 Jones Branch Dr 5th Fl N, McLean VA 22102
- Principal officer (990 for 2024)
- Rachael Stott, 7950 Jones Branch Dr 8th Floor Nort, McLean, VA 22102
- Principal officer (990-N for 2018)
- Esther Lee, 7950 Jones Branch Dr 5th Fl N, McLean VA 22102
- Signed the 990
- Rachael Stott, CEO
- Phone
- (703) 712-7565
- Website
- www.refractionpoint.org
- Return prepared by
- Holsinger Financial Solutions
Mission
Refraction is a nonprofit innovation hub, whose mission is to provide mentoring, programs, and workspace to startups and high-growth companies to help them grow and create jobs in the greater Washington, DC region.
Program accomplishments
- Provided mentoring, programs, and workspace to startups and high-growth companies to help them grow and create jobs in the greater Washington, DC regionExpenses $578,632 · revenue $616,894
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
- 83-1426812
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,035,622
- Income (IRS master file)
- $646,643
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $646,643 | $670,926 | $1,035,622 | XML |
| 990 | December 2023 | $864,511 | $927,011 | $1,062,855 | XML |
| 990 | December 2022 | $1,160,860 | $880,650 | $1,150,126 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Esther Lee | December 31, 2018 | ≤ $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 83-1426812).
Questions about REFRACTION INC
- What is the EIN of REFRACTION INC?
- The employer identification number (EIN) of REFRACTION INC is 83-1426812.
- Is REFRACTION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to REFRACTION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REFRACTION 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 REFRACTION 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 REFRACTION 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 REFRACTION INC?
- The 990 for the year ended December 31, 2024 names Rachael Stott.
- Who are the officers and directors of REFRACTION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $100,360 (Rachael Stott, President & CEO).
- How much revenue does REFRACTION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $646,643, expenses of $670,926 and total assets of $1,035,622 at year end.
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All nonprofits in MCLEAN · Virginia · Community improvement and capacity building