Note that it appears that Eliezer was paid $83,934 in 2009 as additional compensation for the completion of the Sequences.
Okay, that didn't happen. I got my standard salary in 2009, no more. I think my standard salary must've been put down as payment for the Sequences... or something; I don't know. But I didn't get anything but my standard salary in 2009 and $84K sounds right for the total of that salary.
Fixed.
The section that led me to my error was 2009 III 4c. The amount listed as expenses is $83,934 where your salary is listed in 2009 VII Ad as $95,550. The text in III 4c says:
"This year Eliezer Yudkowsky finished his posting sequences on Less Wrong [...] Now Yudkowsky is putting together his blog posts into a book on rationality. [...]"
This is listed next to two other service accomplishments (the Summit and Visiting Fellows).
If I had totaled the program accomplishments section I would have seen that I was counting some money twice (and also noticed that the total in this field doesn't feed back into the main sheet's results).
Please accept my apology for the confusion.
Am I the only one who is now curious how Eliezer spends the bulk of his disposable income? Is it to save for retirement in case the Singularity either doesn't occur, or occurs in a Hansonian way, despite his best efforts?
Large air-conditioned living space, healthy food, both for 2 people (myself and girlfriend). My salary is at rough equilibrium with my spending; I am not saving for retirement. The Bay Area is, generally speaking, expensive.
Wow, my intuition was rather off on what $95,550 in compensation means for someone living in the Bay Area. Here's some actual calculations for others who are similarly curious. (There are apparently quite a few of us, judging from the votes on my comment.)
Assuming salary is 75% of compensation, that comes to $71662. $4557 in CA state tax. $11,666 federal income tax. $5,482 FICA tax. So $49957 after tax income.
For comparison, my wife and I (both very frugal) spend about $35000 (excluding taxes and savings) per year. Redwood City's rent is apparently double the rent in our city, which perfectly accounts for the additional $15000.
Eliezer, you might want to consider getting married, in which case you can file your taxes jointly, and save about 6 thousand dollars per year (assuming your girlfriend has negligible income).
My salary is my own, to do with as I wish. I'm not put out by the rudeness, per se, but I will not entertain further questions along these lines - it is not something on which I'm interested in having other people vote.
I like seeing these numbers. Transparency + people organizing the information is great. Seeing this presented here (on Less Wrong) where I am likely to see it makes me more likely to donate. Thanks!
- In 2009 the SIAI reported $118,802 to theft - "Misappropriation of assets, by a contractor [...]" This is a significant amount when compared to annual revenue or liquid assets. The year's surplus appears to have been eaten up by the theft. No details are provided, other than the fact that suit has been filed to seek restitution.
I'm surprised that no-one's mentioned this -- it's hard to imagine how someone can steal that much money. Can someone at SIAI tell us whether they're allowed to talk about what happened; and if you can't right now, do you have any idea when you might be able to?
The theft must have been discovered to be more extensive than thought, because one early report says
Embezzlement report: Alicia Isaac, 37, of Sunnyvale arrested on embezzlement, larceny and conspiracy charges in connection with $51,000 loss, Singularity Institute for Artificial Intelligence in 1400 block of Adams Drive, Dec. 10.
Which is significantly less than $120k.
Michael Vassar sent out an email with more information back in Dec 2009 (shortly after they discovered the theft?). I'm not sure if it was just to donors or also included newsletter subscribers. It basically said, 'we trusted this person and they took advantage of that trust.' It also states that since legal action is still pending, they have to "limit what [they] say", but that you can send further inquiries to Michael.
Thanks. I guess the followup questions are:
My understanding is that the case is ongoing in criminal court, at least as of a few weeks ago, and that the money has largely not yet been recovered. As far as I know, only that one contractor had the relevant financial access, which was required for the job, but obviously the financial controls on that access were not sufficient. I think that currently only the President and COO have the relevant access to the accounts (though others, including the majority-donor board, have limited access to monitor the accounts).
Seeing SIAIs financials has made me more likely to donate to SIAI.
Does anyone have links to writing on what SIAI would do with increased funding? For example, "Allison Hu is a brilliant young Y and has come up with good ideas a,b,c. We would like to hire her, but we don't have the funding to do so". I'd like to see arguments about SIAIs marginal spending.
Also. Brandon! You should have talked about this at the meetup so we could all say what a great idea it was!
For a little more information, there's also this donor list, which consists of my best effort at finding $1K+ donors over the last few years:
If I missed anyone who donated and wanted to be on the list, please contact me at anissimov@intelligence.org. Making this list involved going over thousands of Paypal records over the past few years. (Necessary because all Summit payments are also intertwined with actual donations in the records, making it necessary to mentally filter out all payments that are obviously for the Summit.)
Zvi is one of the leaders of the New York Less Wrong community, actually. Munchkinism generalizes.
I played Magic against Zvi using one of his own decks, and the deck won - I was there, but I wasn't involved.
Employee compensation generally includes more than just salary- there's the cost of the employers share of social security, health insurance and any other benefits. If these are included in the figures listed, then the employees salaries are considerably less. If the Singularity Institute isn't providing health insurance, than buying individual policies is a major expense for the employees. The Bay Area is also one of the most expensive places to live in the U.S.
Sounds great from a weather perspective :)
Alas, folk need to see collaborators, arrange Singularity Summits, interact with donors, board members, and media in the US, Constant travel to and fro would be an imperfect substitute, and flight costs (including time and jet lag) would claw back the cost-of-living gains and more.
I think this should be on the front page. Brandon, you should also mention whether you are affiliated with SIAI and whether you've donated to SIAI before.
Acting on gwern's suggestion in his Girl Scout Cookie analysis, here is a first pass at looking at SIAI funding, suggestions for a funding task-force, etc.
Congratulation on this writeup; it's pretty good. (Nothing in it strikes me as erroneous from my previous quick readings of the filings except that Sequences thing.) I hadn't actually expected anyone to take my suggestion, so this is a pleasant surprise.
$83,934 was also paid in additional compensation to Eliezer for the completion of the Sequences. (It could also have been anadvance on the assembly of his book on rationality...the text is a tad vague.)
Eliezer's base compensation increased 20% in 2008 and then 7.8% in 2009.
Personally I think this is pretty shocking and the worst thing I've ever learned about SIAI.
(And since it's relevant when saying these kinds of things, I've donated to SIAI before.)
EDIT: False alarm, apparently there was no sequences bonus
Should've noticed your own confusion, that didn't actually happen.
http://lesswrong.com/r/discussion/lw/5fo/siai_fundraising/40v2
(Base compensation rates of increase sound about right, though.)
Where did you think the money was going?!
They thought it wasn't going to paying me $180K. Correctly. +1 epistemic point to everyone who expressed surprise at this nonfact, -1 point for hindsight bias to anyone who claimed not to be shocked by it.
Fair enough. I assumed that most of the money would be going on salary, so if an organisation with a small staff had a large income, it'd be paying high salaries. It's one reason (of many) I've never donated. So I've just made a $10 donation, partly to punish myself for my own biases, and partly to make some restitution for acting on those biases in a way which might have seemed insulting.
"Crowd Source Utilization. There are sites devoted to crowd sourced funding for projects. A task force could conceive of a project with the potential to generate more revenue than required to build it. Risk could be reduced through the use of crowd sourcing. Excess revenue donated to the SIAI. (Projects don't have to be software, they could be fabricating an interesting device, piece of art, or music.)"
More info and discussion on this please? This sounds like something that I actually, just maybe, could make myself useful by, depending on what...
Please refer to the updated documented here: http://lesswrong.com/lw/5il/siai_an_examination/
This version is an old draft.
NOTE: Analysis here will be updated as people point out errors! I've tried to be accurate, but this is my first time looking at these (somewhat hairy) non-profit tax documents. Errors will be corrected as soon as I know of them! Please double check and criticize this work that it might improve.
Document History:
Todo:
Disclaimer:
Acting on gwern's suggestion in his Girl Scout Cookie analysis, here is a first pass at looking at SIAI funding, suggestions for a funding task-force, etc.
The SIAI's Form 990's are available at GuideStar and Foundation Center. You must register in order to access the files at GuideStar.
Overview
Analysis:
Revenue
Analysis:
Expenses
Analysis:
Big Donors
Analysis
Officer Compensation
Prior to doing this investigation, I had some expectation that the Singularity Summit was a money losing operation. I had an expectation that Eliezer probably made around $70k (programmer money discounted for being paid by a non-profit). I figured the SIAI had a broader donor base. I was off base on all counts.* I am not currently an SIAI supporter. My findings have greatly increased the probability that I will donate in the future.
Overall, the allocation of funds strikes me as highly efficient. I don't know exactly how much the SIAI is spending on food and fancy tablecloths at the Singularity Summit, but I don't think I care: it's growing and it's nearly breaking even. An attendee can have a very confident expectation that their fee covers their cost to the organization. If you go and contribute you add pure value by your attendance.
At the same time, the organization has been able to expand services without draining the coffers. A donor can hold a strong expectation that the bulk of their donation will go toward actual work in the form of salaries for working personnel or events like the Visiting Fellows Program.
Eliezer's compensation is slightly more than I thought. I'm not sure what upper bound I would have balked at or would balk at. I do have some concern about the cost of recruiting additional Research Fellows. The cost of additional RFs has to be weighed against new programs like Visiting Fellows.
The organization appears to be managing its cash reserves well. It would be good to see the SIAI build up some asset reserves so that it could operate comfortably in years were public support dips or so that it could take advantage of unexpected opportunities.
The organization has a heavy reliance on major donor support. I would expect the 2010 filing to reveal a broadening of revenue and continued expansion of services, but I do not expect the organization to have become independent of big donor support. Things are much improved from 2006 and without the initial support from Peter Thiel the SIAI would not be able to provide the services it has, but it would still be good to see the SIAI operating capacity be larger than any one donor's annual contribution. It is important for Less Wrong to begin a discussion of broadening SIAI revenue sources.
Where to Start?
There is low hanging fruit to be found. The SIAI's annual revenue is well within the range of our ability to effect significant impact. These suggestions aren't all equal in their promise, they are just things that come to my mind.