Marconi Society Inc
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $1.3m
- Employees
- 0
- Location
- North Olmsted, OH
- Founding
- 10/1997
- Data as of
- 06/2022
- EIN
- 13-3959217
Organization Overview
Marconi Society Inc is located in North Olmsted, OH. The organization was established in 1997. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Marconi Society 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 06/2022, Marconi Society Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $955.4k during the year ending 06/2022. While expenses have increased by 12.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
THE MARCONI SOCIETY PROMOTES RESEARCH AND DEVELOPMENT IN THE AREAS OF COMMUNICATIONS AND INFORMATION SCIENCE THROUGH SYMPOSIA, CONFERENCES, PUBLICATION OF SCHOLARLY ARTICLES, AND AWARDS TO INDIVIDUALS WHO HAVE MADE EXCEPTIONAL CONTRIBUTIONS TO COMMUNICATIONS OR INFORMATION SCIENCE AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Schartman-Cycyk Executive Di | 40 | $134,245 | |
Hilary Beatrez CFO | 5 | $28,270 | |
Vinton G Cerf Board Chair | 2 | $0 | |
Giovanni Corazza Director | 1 | $0 | |
Joseph Kakande Director | 1 | $0 | |
Stefania Bartoletti Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Impactfull Llc | 6/29/22 | $90,000 |
Stacy Caddey | 6/29/22 | $76,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,119,997 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,957 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,685 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,945 |
| Total Revenue | $1,132,214 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $162,515 |
| Other employee salaries and wages | $165,105 |
| Pension plans, employee benefits | $38,846 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $3,094 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,874 |
| Printing and publications | $0 |
| Other expenses | $177,661 |
| Total operating and administrative expenses | $852,885 |
| Contributions, gifts, grants paid | $102,480 |
| Total expenses and disbursements | $955,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,795 |
| 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 | $1,069 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,291,562 |
| Net Land, buildings, and equipment | $6,512 |
| Other assets | $0 |
| Total assets | $1,351,938 |
| Accounts payable and accrued expenses | $72,209 |
| Grants payable | $0 |
| Deferred revenue | $90,574 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $162,783 |
Grants Awarded
Over the last fiscal year, Marconi Society Inc has awarded $34,550 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
JARED GREENE PURPOSE: INTERNET & DEMOCRACY RESEARCH GRANT | $14,000 |
NEGAR REISKARIMIAN PURPOSE: SCIENTIFIC ACHIEVEMENT | $4,000 |
ANANDA THEERTA SURESH PURPOSE: SCIENTIFIC ACHIEVEMENT | $4,000 |
WENHAN DAI PURPOSE: SCIENTIFIC ACHIEVEMENT | $4,000 |
SHU SUN PURPOSE: SCIENTIFIC ACHIEVEMENT | $4,000 |
WENHAN DAI PURPOSE: TRAVEL REIMBURSEMENT | $881 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Marconi Society Inc has recieved totaling $220,000.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $100,000 |
Samueli Foundation Corona Del Mar, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO ASSEMBLE A COLLABORATION OF LEADERS IN THE FIELD TO ESTABLISH THE COUNTRYS FIRST WORKFORCE DEVELOPMENT PROGRAM FOR DIGITAL INCLUSION PROFESSIONALS | $50,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: MEDICAL/SCIENTIFIC RESEARCH & PROGRAMS | $10,000 |
Internet Society Reston, VA PURPOSE: GROWING THE INTERNET | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
The New Common School Foundation Detroit, MI | $40,234,956 | $5,515,596 |