Annual Information Statement 2020

Legal Name
GRADIENT INSTITUTE LTD
ABN
29631761469

About the charity

Charity size
Large
Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
Yes
Is the charity a Basic Religious Charity?
No

Charity programs

Program name
Ethical Artificial Intelligence Research
Program classification
Computer science
Program locations
Australia
Program beneficiaries
General community in Australia

Program name
Ethical Artificial Intelligence Training
Program classification
Continuing education
Program locations
Australia
Program beneficiaries
General community in Australia

Program name
Ethical Artificial Intelligence Policy
Program classification
Public policy
Program locations
Australia
Program beneficiaries
General community in Australia

Program name
Ethical Artificial Intelligence Algorithm Assessment
Program classification
Anti-discrimination
Program locations
Australia
Program beneficiaries
General community in Australia

Program name
Ethical Artificial Intelligence System Design
Program classification
Anti-discrimination
Program locations
Australia
Program beneficiaries
General community in Australia

Program name
Improving effectiveness and equity of school education interventions
Program classification
Equal opportunity in education
Program locations
Australia
Program beneficiaries
  • Children - aged 6 to under 15
  • Youth - 15 to under 25
  • General community in Australia

Description of the charities activities and outcomes
* We performed research into the design of ethical artificial intelligence (AI) systems and worked with companies, universities and government to improve the ethical use of AI in business and government.
* We trained technical and non-technical staff in businesses and government agencies to design and use AI systems that operate ethically.
* We contributed to government policy on AI that will help ensure that AI is developed and used ethically.

Human Resources

Employees and volunteers
  • Full time employees: 7
  • Part time employees: 1
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 7.80
  • Estimated number of volunteers: 16

Financial Reporting

Charity's 2020 reporting period
1 July 2019 to 30 June 2020
Type of financial statement
General purpose financial statements
Financial report consolidated with more than one entity?
No
Did your charity have any related party transactions?
No
Does your charity have documented policies or processes about related party transactions?
No
Financial report submitted to a state/territory regulator?
No

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$0.00
Revenue from providing goods or services
$2,043,068.00
Revenue from government including grants
$446,900.00
Revenue from investments
$0.00
All other revenue
$0.00
Total revenue
$2,489,968.00
Other income (for example, gains)
$0.00
Total gross income
$2,489,968.00
Expenses
Employee expenses
$1,753,258.00
Interest expenses
$0.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$217,894.00
Total expenses
$1,971,152.00
Net surplus/(deficit)
$518,816.00
Other comprehensive income
$0.00
Total comprehensive income
$518,816.00

Balance Sheet extract

Assets
Total current assets
$727,440.00
Non-current loans receivable
$0.00
Other non-current assets
$0.00
Total non-current assets
$0.00
Total assets
$727,440.00
Liabilities
Total current liabilities
$208,624.00
Non-current loans payable
$0.00
Other non-current liabilities
$0.00
Total non-current liabilities
$0.00
Total liabilities
$208,624.00
Net assets/liabilities
$518,816.00