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Texas · Nonprofit

CICERO RESEARCH

CICERO RESEARCH (Texas) receives grants from 19 organizations whose IRS filings report $16,257,867 to it, the largest being MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ($11,133,300). 6 of them have funded it in more than one year, and 94% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

$13M
Revenue FY2024
19
Funders on record
$16M
Grants received
$27M
Net assets
6/19 repeat funderspeak grant-dependency 62%

Against its field

CICERO RESEARCH runs a healthier operating margin than three-quarters of the 772 arts & culture nonprofits its size.

Operating margin54% · top quartile
Months of reserve21.5mo · top quartile
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 772 arts & culture nonprofits $10M–$100M, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 0 ($0) Expenses 0 ($0) Net assets 0 ($0)2021 Revenue 100 ($13M) Expenses 100 ($3.3M) Net assets 100 ($9.7M)2022 Revenue 114 ($15M) Expenses 293 ($9.7M) Net assets 146 ($14M)2023 Revenue 47 ($6.1M) Expenses 107 ($3.6M) Net assets 190 ($18M)2024 Revenue 102 ($13M) Expenses 183 ($6.1M) Net assets 277 ($27M)
20202021202220232024
Revenue (102)Expenses (183)Net assets (277)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

96% of CICERO RESEARCH’s revenue is contributions — more reliant on donations than three-quarters of its peers (58% for the typical peer).

This organization
Typical peer · 816 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.

$0
20
$9.7M
21
$5.1M
22
$2.5M
23
$7.2M
24
22
months of
reserve
02Who funds it

Who funds it, year by year

2021 → 2023: the base narrowed from 11 funders to 7 funders, grant income rose $1.0M → $3.8M.

10 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF)94% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CICERO RESEARCH’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CICERO RESEARCH leans on a few funders — its largest provides 68% of grant income and the top three 89%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

95% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CICERO RESEARCH.

68%
largest funder
89%
top three
~2
effective funders

Largest funder’s share by year: 2021 49% · 2022 75% · 2023 51%broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

94% of CICERO RESEARCH's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $946k that is directly attributable, 53% of it comes from Texas funders.

IL
WI
NY
CT
CA
VA
DE
NC
TX

In-state vs out-of-state, by year

21
22
Texas out of state home

Funder states come from each funder’s own filing. $15M arriving through sponsors registered in 9 statesis excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 19 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like CICERO RESEARCH

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Texas

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

70% of spending goes to programs.

Program 70%Management 29%Fundraising 0%

Governance

6
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Files a return copy in 28 states

NH
ND
MN
IL
WI
MI
NY
MA
OR
PA
NJ
CT
RI
CA
UT
KY
WV
MD
NM
KS
AR
TN
SC
HI
MS
AL
GA
FL

Part of a family of 2 related entities

  • Cicero Action · exempt
  • Arpinum · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for CICERO RESEARCH: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CICERO RESEARCH?
CICERO RESEARCH (Texas) receives grants from 19 organizations whose IRS filings report $16,257,867 to it, the largest being MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ($11,133,300). 6 of them have funded it in more than one year, and 94% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does CICERO RESEARCH have?
IRS filings report 19 organizations giving $16,257,867 in grants to CICERO RESEARCH, 6 of which have funded it in more than one year.
Who is the largest funder of CICERO RESEARCH?
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC is the largest funder on record, with $11,133,300 in grants. The full list of funders is on this page.
How can an organization like CICERO RESEARCH find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 19funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing