CENTRE FOR THE GOVERNANCE OF AI INC Charity Report

Public IRS 990 nonprofit record

CENTRE FOR THE GOVERNANCE OF AI INC

EIN 99-4000294 · Research Institutes & Public Policy Analysis (W05)

What they do

GOVAI is ORGANIZED to SHAPE THE LASTING IMPACT of ARTIFICIAL INTELLIGENCE ON THE WORLD, BY SUPPORTING INFORMED and EFFECTIVE DECISION-MAKING BY PRIVATE and PUBLIC INSTITUTIONS REGARDING THE DEVELOPMENT and DEPLOYMENT of ARTIFICIAL INTELLIGENCE. IT ACCOMPLISHES THIS GOAL THROUGH CONDUCTING and PRODUCING RESEARCH, RUNNING EDUCATION and TRAINING PROGRAMS, ADVISING RELEVANT STAKEHOLDERS, and ORGANIZING PUBLIC and NON-PUBLIC EDUCATIONAL EVENTS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $41.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

6.63%of revenue went to mission work41.4% of expenses · Program services

$16.00spent for every $100 of revenueRevenue covered expenses this year.

9.37%of revenue went to management and office costs58.6% of expenses

$5.51in assets for every $1 spent this yearSome assets cannot be spent right away.

99.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $16,500 for RYAN FUGATE (EXECUTIVE DIRECTOR (BEG JUNE)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,748,996

Mission workProgram services$380,9766.63% of revenue41.4% of expenses

ManagementOffice and general costs$538,6859.37% of revenue58.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$4,829,33584.00% of revenueShown in gray on the chart

Total expenses$919,66116.00% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$5,748,996

Expenses$919,661

Annual surplus $4,829,335 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$380,976 · 41.4% of expenses

Management and office costs$538,685 · 58.6% of expenses

See all reported dollar amounts

Revenue$5,748,996

Expenses$919,661

Assets$5,070,337

Income$5,748,996

Contributions$5,734,826

Mission work (program services)$380,976

Management and general$538,685

Accounting fees$12,773

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RYAN FUGATEEXECUTIVE DIRECTOR (BEG JUNE) · 40 hrs/week $16,500Base $15,000 · Other $1,500

GEORG ARNDTTREASURER (BEG JUNE) · 1 hrs/week $13,372Base $12,156 · Other $1,216

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (5)

RYAN FUGATEEXECUTIVE DIRECTOR (BEG JUNE)

GEORG ARNDTTREASURER (BEG JUNE)

HELEN TONERSECRETARY (BEG JUNE)

TASHA MCCAULEYCHAIR (BEG JUNE)

TOBY ORDDIRECTOR (BEG JUNE)

About this charity

Recognized since: January 2024
Location: 1178 BROADWAY 3RD FLOOR 1399, NEW YORK, NY 10001-5666
County: New York
In care of: % RYAN FUGATE
Primary officer: ABRAHAM ROWE, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(201) 416-9119

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WEGNER CPAS LLP
NTEE classification: Research Institutes & Public Policy Analysis (W05)
IRS tax category: Research Institutes & Public Policy Analysis