Nonprofit · EIN 85-1873396
FATTY ACID RESEARCH INSTITUTE
Tax-exempt · SIOUX FALLS, SD 57107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $551,385 | $506,194 | $45,191 | $414,915 | $28,525 | $386,390 |
| December 31, 2023 | 990 | $585,500 | $388,513 | $196,987 | $379,027 | $37,828 | $341,199 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $544,493
- of which government grants
- $414,643
- Program service revenue
- $0
- Investment income
- $6,892
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $257,376
- Salaries, compensation and benefits (total)
- $257,376
- Professional fundraising fees
- $0
- Legal fees
- $45
- Accounting fees
- $4,377
- Occupancy
- $5,445
- Travel
- $12,791
- Program services (functional)
- $314,781
- Management and general (functional)
- $191,413
Balance sheet and other
- Total assets, start of year
- $379,027
- Total assets, end of year
- $414,915
- Total liabilities, end of year
- $28,525
- Net assets, end of year
- $386,390
- Gross receipts
- $551,385
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2020
- State of legal domicile
- SD
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 |
|---|---|---|---|
| NATHAN TINTLE | EXEC DIR; SEE SCHDL J Officer | 22 | $257,376 |
| WILLIAM HARRIS | TRUSTEE, PRESIDENT Trustee or director, Officer | 20 | $0 |
| SAM WILEY | TRUSTEE Trustee or director | 1 | $0 |
| ELLEN SCHUTT | TRUSTEE Trustee or director | 1 | $0 |
| JASON POLREIS | TRUSTEE Trustee or director | 1 | $0 |
| PENNY KRIS-ETHERTON | TRUSTEE (BEG 11/24) Trustee or director | 1 | $0 |
| RHONDA PATRICK | TRUSTEE (BEG 11/24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NATHAN TINTLE | EXECUTIVE DIRECTOR Officer | 1 | $3,600 |
| WILLIAM HARRIS | PRESIDENT Trustee or director, Officer | 20 | $0 |
| ELLEN SCHUTT | DIRECTOR Trustee or director | 1 | $0 |
| JASON POLREIS | DIRECTOR Trustee or director | 1 | $0 |
| SAM WILEY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 W NOBEL ST STE 123, SIOUX FALLS, SD 57107-0884
- In care of
- % BILL HARRIS
- Principal officer (990 for 2024)
- BILL HARRIS, 4600 W NOBEL ST SUITE 123, SIOUX FALLS, SD 57107
- Signed the 990
- NATHAN TINTLE, EXECUTIVE DIRECTOR
- Phone
- (712) 635-4811
- Website
- WWW.FARESINST.ORG
- Return prepared by
- EIDE BAILLY LLP
Mission
SEE SCHEDULE OTHE FATTY ACID RESEARCH INSTITUTE (FARI) IS A NON-PROFIT FOUNDATION THAT BRINGS TOGETHER NUTRITION SCIENTISTS AND BIOSTATISTICAL EXPERTS WITH STRONG PUBLICATION RECORDS AND EXPERTISE IN FATTY ACIDS TO ACCELERATE DISCOVERY OF THE RELATIONSHIPS BETWEEN FATTY ACIDS, ESPECIALLY OMEGA-3, AND HEALTH.
Program accomplishments
- THE FATTY ACID RESEARCH INSTITUTE CONTINUED ITS WORK TO ACCESS FATTY ACID DATA IN EXISTING STUDIES, AND SUBSEQUENTLY ANALYZING AND PUBLISHING THE RESULTS OF ITS ANALYSES OF FATTY ACIDS AND HEALTH, LEADING TO NUMEROUS PEER-REVIEWED PUBLICATIONS COMPLETED AND MANY OTHERS IN DEVELOPMENT.Expenses $314,781
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
- 85-1873396
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $414,915
- Income (IRS master file)
- $551,385
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $551,385 | $506,194 | $414,915 | XML |
| 990 | December 2023 | $585,500 | $388,513 | $379,027 | XML |
| 990 | December 2022 | $303,253 | $313,386 | $145,011 | IRS |
| 990 | December 2021 | – | – | – | IRS |
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 85-1873396).
Questions about FATTY ACID RESEARCH INSTITUTE
- What is the EIN of FATTY ACID RESEARCH INSTITUTE?
- The employer identification number (EIN) of FATTY ACID RESEARCH INSTITUTE is 85-1873396.
- Is FATTY ACID RESEARCH INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FATTY ACID RESEARCH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FATTY ACID 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 FATTY ACID 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 FATTY ACID 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 FATTY ACID RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 names BILL HARRIS.
- Who are the officers and directors of FATTY ACID RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $257,376 (NATHAN TINTLE, EXEC DIR; SEE SCHDL J).
- How much revenue does FATTY ACID RESEARCH INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $551,385, expenses of $506,194 and total assets of $414,915 at year end.
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