PLATINUM2023

Parallax Advanced Research Corp

Advancing the Nation's innovation advantage

aka Parallax Advanced Research   |   Beavercreek, OH   |  www.parallaxresearch.org
GuideStar Charity Check

Parallax Advanced Research Corp

EIN: 16-1704454


Mission

We deliver innovative research and provide technology, human, and business solutions via The Science of Intelligent Teaming™ for government, industry, and academic clients with critical challenges.

Ruling year info

2007

CEO

Mr. Dennis James Andersh

Main address

4035 Colonel Glenn Hwy Ste 200

Beavercreek, OH 45431 USA

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Formerly known as

Wright Center of Innovation for Advanced Data Management and Analysis, INC

Wright State Applied Research Corporation

EIN

16-1704454

Subject area info

Technology

Engineering

National security

Job creation and workforce development

Entrepreneurship

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Population served info

Academics

Military personnel

NTEE code info

Research Institutes and/or Public Policy Analysis (U05)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Research and Development

Parallax is an R&D organization specializing in the Science of Intelligent Teaming™, focusing on human-machine interactions. They innovate in emerging technologies to address national challenges and actively engage in space and aerospace research, with a strong emphasis on open-standard approaches for advanced air mobility systems. Parallax contributes expertise to the advanced air mobility industry, particularly in command and control, simulation, and low altitude systems integration. They also excel in modeling causal interactions in socio-technical systems and the development of advanced command and control systems for autonomous platforms.

Population(s) Served

Parallax offers a wide range of education, workforce, and small business support services, tailored for industry, academia, and government clients. They focus on fostering innovation and collaboration, leveraging the Triple Helix Model of innovation. Their involvement with the Ohio Federal Research Network (OFRN) and expertise in international business development in the aerospace and defense sector further highlight their commitment to innovation. Parallax is at the forefront of microelectronics workforce development, supports Dayton-based entrepreneurs through Launch Dayton, and actively engages in tech-based economic development (TBED). Their STEM education initiatives, in affiliation with the Ohio Aerospace Institute, equip individuals with the skills needed for aerospace research and innovation.

Population(s) Served

OFRN is a State of Ohio-focused research and development program that was established by Parallax and the Ohio Department of Higher Education in 2015. OFRN's mission is to stimulate Ohio's innovation economy by funding R&D projects that meet federal laboratory requirements and build statewide university and industry collaborations.

Population(s) Served

APEX is a Department of the Air Force (DAF) partnership intermediary program cultivating innovation for the DAF by expanding the American research enterprise through academic, industry and government collaborations. The APEX program eliminates barriers in accelerating the transition of science and technology solutions into transformational DAF operational capabilities. The program was established in 2019.

Population(s) Served

Parallax is a founding partner of Launch Dayton: a collaborative entrepreneurial support effort with programmatic roots dating back to 2015. Parallax’s Launch Dayton team supports Dayton Region entrepreneurs by cultivating an easily accessible resource environment, creating high-caliber programming and by building a network of champions, mentors and resource providers that help entrepreneurs succeed.

Population(s) Served

Where we work

Affiliations & memberships

Employer Support of the Guard and Reserve 2021

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of dollars raised from awarded contracts

This metric is no longer tracked.
Totals By Year
Population(s) Served

Academics, Military personnel

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of accolades/recognition received from third-party organizations

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of press articles published

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.02

Average of 0.71 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.1

Average of 3.3 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Parallax Advanced Research Corp

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Parallax Advanced Research Corp

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Parallax Advanced Research Corp

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Parallax Advanced Research Corp’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$1,039,897 $570,582 $556,498 $241,716 $511,358
As % of expenses -3.6% 1.9% 1.9% 0.6% 1.3%
Unrestricted surplus (deficit) after depreciation -$1,943,589 $126,795 $80,863 -$217,340 $114,546
As % of expenses -6.6% 0.4% 0.3% -0.5% 0.3%
Revenue composition info
Total revenue (unrestricted & restricted) $28,919,672 $31,263,767 $30,412,585 $42,589,821 $40,733,328
Total revenue, % change over prior year 43.4% 8.1% -2.7% 40.0% -4.4%
Program services revenue 100.3% 100.0% 100.0% 99.9% 96.3%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.2% 0.1% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 0.0% 0.0% 0.0% 0.0% 0.0%
Other revenue -0.6% -0.1% 0.0% 0.1% 3.7%
Expense composition info
Total expenses before depreciation $28,687,699 $30,775,906 $29,856,087 $42,348,105 $40,221,970
Total expenses, % change over prior year 40.9% 7.3% -3.0% 41.8% -5.0%
Personnel 20.5% 26.6% 30.4% 30.1% 36.2%
Professional fees 1.9% 1.1% 1.5% 1.8% 2.2%
Occupancy 0.5% 0.6% 0.1% 0.7% 0.7%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 77.1% 71.7% 68.0% 67.3% 60.8%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $29,591,391 $31,219,693 $30,331,722 $42,807,161 $40,618,782
One month of savings $2,390,642 $2,564,659 $2,488,007 $3,529,009 $3,351,831
Debt principal payment $0 $0 $0 $0 $792,000
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $31,982,033 $33,784,352 $32,819,729 $46,336,170 $44,762,613

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2.3 0.6 1.6 0.5 0.1
Months of cash and investments 2.3 0.6 1.6 0.5 0.1
Months of estimated liquid unrestricted net assets -0.4 -0.2 -0.1 -0.1 0.0
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $5,486,607 $1,552,679 $4,081,234 $1,655,080 $273,917
Investments $0 $0 $0 $0 $0
Receivables $6,750,840 $6,874,166 $7,168,373 $8,678,663 $11,885,272
Gross land, buildings, equipment (LBE) $8,770,455 $8,815,919 $9,242,932 $9,566,367 $9,646,334
Accumulated depreciation (as a % of LBE) 53.6% 58.4% 60.8% 63.6% 66.9%
Liabilities (as a % of assets) 81.5% 74.3% 78.0% 78.1% 79.6%
Unrestricted net assets $0 $0 $0 $0 $0
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $3,078,475 $3,205,270 $3,286,133 $3,068,793 $3,183,339

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

CEO

Mr. Dennis James Andersh

Dennis Andersh joined Parallax’s predecessor, the Wright State Research Institute, in December 2013 as the Chief Operating Officer to direct the growth of its use-inspired and applied research portfolio. His leadership role is to connect the academia’s research to new markets, while also leveraging the Parallax’s existing commercial and healthcare business. Mr. Andersh was named Chief Executive Officer of the Wright State Applied Research Corporation within six months of joining the organization, and in 2015 he added the title Executive Director, Wright State Research Institute.  In October 2020, Wright State Research Institute transitioned to Parallax Advanced Research, an independent non-profit research organization focused on linking academia, industry and the government research and development programs.  Mr. Andersh is the co-lead with Ohio State for the Ohio Federal Research Network that is being developed state-wide to focus academic research to better support Wright Patterson

Number of employees

Source: IRS Form 990

Parallax Advanced Research Corp

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Parallax Advanced Research Corp

Board of directors
as of 10/26/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Lt. Gen. (Retired) C.D. Moore

Mary Margaret Evans

Secretary

Carmel Ortiz

Doug Ebersole

Gary Kessler

Greg Morris

Jeff Stanley

Lloyd Fields

Wayne Denny

Mike Hripko

Richard Graf

Susan Thornton

Wanda Gamble

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 11/3/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person with a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.