Academy Of Applied Science Inc
- Assets
- $56.6k
- Revenue
- $112.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Contoocook, NH
- Founding
- 06/1969
- Data as of
- 06/2021
- EIN
- 04-2314685
Organization Overview
Academy Of Applied Science Inc is located in Contoocook, NH. The organization was established in 1969. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 06/2021, Academy Of Applied Science Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Applied Science Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Academy Of Applied Science Inc generated $112.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.4%) each year. All expenses for the organization totaled $430.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE YOUTH INTEREST IN SCIENCE, MATHEMATICS, ENGINEERING, TECHNOLOGY, AND INVENTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG INVENTORS PROGRAM IS A K-12 PROJECT-BASED LEARNING CURRICULUM. THROUGH HANDS-ON LEARNING, RESEARCH, AND TESTING, STUDENTS EXPLORE STEM PRINCIPLES AND DEVELOP 21ST CENTURY SKILLS IN DECISION MAKING, DESIGN THINKING, AND COMMUNICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toby Kusmer Board Member | Officer | 0.5 | $0 |
Subhash Minocha Board Member | Officer | 0.5 | $0 |
Michael Morris Board Member | Officer | 0.5 | $0 |
James Milliken Vice President | Officer | 0.5 | $0 |
Joanne Hayes-Rines President | Officer | 0.5 | $0 |
Sheldon Apsell Chairman | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,060 |
| Investment income | $7,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,387 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,058 |
| Payroll taxes | $9,333 |
| Fees for services: Management | $1,521 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,591 |
| Advertising and promotion | $166 |
| Office expenses | $5,819 |
| Information technology | $4,775 |
| Royalties | $0 |
| Occupancy | $9,489 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,260 |
| All other expenses | $0 |
| Total functional expenses | $429,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,611 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,611 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $56,611 |