Refraction Inc
Donations deductibleRevenue
$647k
year to 31 December 2024
Expenses
$671k
year to 31 December 2024
Total assets
$1m
$263k liabilities
Net assets
$773k
assets less liabilities
Directors and trustees
4
5.9 years on average
Staff
4
employees, year to 31 December 2024
Chair observed
≥5 yrs
James Quigley
Left since last filing
0
no seats appear to have opened
Refraction Inc's network
4 people2 organisationsi4 people and 2 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (4). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
4 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 4 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| James Quigley Chair | Chairman | 2019 | 7 yrs |
| Esther Lee | Treasurer | 2020 | 6 yrs |
| Rachael Stott | President & CEO | 2024 | 2 yrs |
| Tien Wong | Company secretary | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Esther Lee | President & CEO | 2019 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Rachael Stott | President & CEO | 40 | $100k | $31k | |
| Esther Lee | Treasurer | 10 | $43k | $10k | |
| James Quigley | Chairman | 1 | $0 | ||
| Tien Wong | Secretary | 1 | $0 |
About
- Legal name
- Refraction Inc
- EIN
- 831426812
- Address
- 7950 Jones Branch Dr 8th Floor Nort, McLean, VA, 22102-3268
- State
- Virginia
- Mission
- Refraction is a nonprofit innovation hub, whose mission is to provide mentoring, programs, and workspace to startups and high-growth companies to help them grow and create jobs in the greater Washington, DC region. (as filed on the Form 990)
- Activity (NTEE)
- S30 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 6 (IRS master file code)
- Formed
- 2018
- Principal officer
- Rachael Stott (as named on the Form 990)
- IRS ruling date
- 1 March 2019
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 5, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥7years on the filingsJames Quigley
≥7years on the filingsTien Wong
≥6years on the filingsEsther Lee
≥2years on the filingsRachael Stott
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $1m
- Total liabilities
- $263k
- Net assets or fund balances
- $773k
- Contributions and grants received
- $5k
- Program service revenue
- $617k
- Employees
- 4
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $647k | $671k | Deficit $24k |
As filed on the IRS Form 990. US dollars.