Marconi Society Inc
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $1.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1997
- Data as of
- 06/2023
- EIN
- 13-3959217
Organization Overview
Marconi Society Inc is located in Chicago, IL. 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 06/2023, Marconi Society Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 12.6% per year over the past 7 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
2023
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 |
|---|---|---|---|
Vinton G Cerf Board Chair | 2 | $0 | |
Hao Zou Secretary/tr | 1 | $0 | |
John M Cioffi Vice Chair | 1 | $0 | |
Giovanni Corazza Director | 1 | $0 | |
Guilhem DE Valicourt Director | 1 | $0 | |
Federico Faggin Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Impactfull Llc | 6/29/23 | $131,400 |
Stacy Caddey | 6/29/23 | $86,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $965,478 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,660 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$510 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,790 |
| Total Revenue | $1,025,418 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,260 |
| Other employee salaries and wages | $182,444 |
| Pension plans, employee benefits | $26,162 |
| Interest | $0 |
| Taxes | $636 |
| Depreciation | $1,102 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,564 |
| Printing and publications | $0 |
| Other expenses | $406,103 |
| Total operating and administrative expenses | $1,017,941 |
| Contributions, gifts, grants paid | $68,740 |
| Total expenses and disbursements | $1,086,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,732 |
| 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 | $5,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,219,964 |
| Net Land, buildings, and equipment | $813 |
| Other assets | $0 |
| Total assets | $1,314,509 |
| Accounts payable and accrued expenses | $73,741 |
| Grants payable | $0 |
| Deferred revenue | $93,878 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $167,619 |
Grants Awarded
Over the last fiscal year, Marconi Society Inc has awarded $34,550 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DINESH BHARADIA PURPOSE: TRAVEL REIMBURSEMENT | $547 |
GEORGE MACCARTNEY JR PURPOSE: TRAVEL REIMBURSEMENT | $420 |
ANANDA THEERTA SURESH PURPOSE: SCIENTIFIC ACHIEVEMENT | $4,000 |
JARED GREENE PURPOSE: INTERNET & DEMOCRACY RESEARCH GRANT | $14,000 |
KARTIK VENKAT PURPOSE: TRAVEL REIMBURSEMENT | $148 |
NEGAR REISKARIMIAN PURPOSE: SCIENTIFIC ACHIEVEMENT | $4,000 |