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.
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 |
Irene Omara Treasurer | Officer | 0.5 | $0 |
Joanne Hayes-Rines President | Officer | 0.5 | $0 |
Sheldon Apsell Chairman | Officer | 2 | $0 |
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 |
Over the last fiscal year, we have identified 1 grants that Academy Of Applied Science Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
George W Mergens Foundation Milton, VT PURPOSE: YOUNG INVENTORSPROGRAM | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Earthwatch Institute Inc Newton, MA | $7,504,527 | $5,695,996 |
Consortium Of Universities For The Advangement Of Hydrologic Science Arlington, MA | $1,281,994 | $3,411,745 |
Tricontinental Ltd Northampton, MA | $11,768,308 | $1,563,413 |
New England Complex Systems Institute Inc Cambridge, MA | $489,889 | $1,033,177 |
Academy Of Applied Science Inc Contoocook, NH | $56,611 | $112,038 |
Human Cell Atlas Inc Cambridge, MA | $815,769 | $776,700 |
American Federation For Medical Research Beverly, MA | $597,339 | $390,281 |
Wheelwright Scientific School Newburyport, MA | $3,717,014 | $508,004 |
C 10 Research And Education Foundation Inc Amesbury, MA | $148,347 | $0 |
Fresh Pond Research Institute Inc Cambridge, MA | $971,960 | $125,207 |
Associated Indutries Of Massachusetts Boston, MA | $4,415 | $236,500 |
Leas Lab Inc Auburndale, MA | $6,751 | $0 |