The Iusn Foundation
- Assets
- $101.8k
- Revenue
- $500.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Biddeford, ME
- Founding
- 08/1998
- Data as of
- 12/2022
- EIN
- 04-3405524
Organization Overview
The Iusn Foundation is located in Biddeford, ME. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iusn Foundation 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 12/2022, Iusn Foundation generated $500.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $478.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INTERNET ACCESS TO ALL RESIDENTS OF NUIE, AS WELL AS TECHNICAL SUPPORT, EQUIPMENT AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Per Darnell President | 10 | $0 | |
Mark Zuroff Treasurer | 2 | $0 | |
Per Darnell Secretary | 0 | $0 | |
Stanley Kalauni Director | 1 | $20,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rocket Systems | 12/30/22 | $206,608 |
Mimer Asisstans Ab | 12/30/22 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $500,000 |
| Total Revenue | $500,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,373 |
| Printing and publications | $0 |
| Other expenses | $394,404 |
| Total operating and administrative expenses | $478,293 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $478,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,808 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $101,808 |
| Accounts payable and accrued expenses | $6,516 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,516 |