Science Friday Initiative Inc
- Assets
- $7.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2003
- Data as of
- 06/2023
- EIN
- 13-4252173
Organization Overview
Science Friday Initiative Inc is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Friday Initiative 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, Science Friday Initiative Inc generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION CREATES NEW AND EXCITING WAYS TO BRING SCIENCE AND TECHNOLOGY TO THE PUBLIC THROUGH ITS WEBSITE, RADIO PROGRAM, VIDEO AND EDUCATIONAL OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE FRIDAY WEEKLY RADIO BROADCASTFOR OVER 30 YEARS, AND HOSTED BY AWARD-WINNING PRODUCER IRA FLATOW, THE RADIO PROGRAM IS AT THE CORE OF SCIENCE FRIDAY AND INCLUDES 52 TWO-HOUR BROADCASTS (VERSIONED TO GENERATE 104+ PODCAST EPISODES) ANNUALLY. THE RADIO SHOW HAS PROVIDED OUR LISTENERS WITH WEEKLY OPPORTUNITIES TO PARTICIPATE IN ENLIGHTENED DISCUSSIONS OF CONTEMPORARY ISSUES IN SCIENCE AND TECHNOLOGY RESEARCH, POLICY, AND NEWS. THE PROGRAM'S UNIQUE FORMAT AND AUDIENCE OUTREACH HAS PROVEN POPULAR FOR FIRST-HAND INTERACTION BETWEEN LISTENERS AND SCIENTISTS.
SCIENCE FRIDAY WEEKLY RADIO BROADCASTFOR OVER 30 YEARS, HOSTED BY AWARD-WINNING PRODUCER IRA FLATOW, THE RADIO PROGRAM IS AT THE CORE OF SCIENCE FRIDAY AND INCLUDES 52 TWO-HOUR BROADCASTS (VERSIONED TO GENERATE 104+ PODCAST EPISODES) ANNUALLY. THE RADIO SHOW HAS PROVIDED OUR LISTENERS WITH WEEKLY OPPORTUNITIES TO PARTICIPATE IN ENLIGHTENED DISCUSSIONS OF CONTEMPORARY ISSUES IN SCIENCE AND TECHNOLOGY RESEARCH, POLICY, AND NEWS. THE PROGRAM'S UNIQUE FORMAT AND AUDIENCE OUTREACH HAS PROVEN POPULAR FOR FIRST-HAND INTERACTION BETWEEN LISTENERS AND SCIENTISTS.
SCIENCE FRIDAY DIGITAL CONTENT AND WEBSITESCIENCE FRIDAY'S DIGITAL PLATFORMS PUBLISH ORIGINAL REPORTING, NEWSLETTERS AND DISPATCHES, BOOK EXCERPTS, AS WELL AS MULTIMEDIA ADDITIONS TO RADIO SEGMENTS. OUR WEBSITE, SCIENCEFRIDAY.COM, IS THE PUBLIC'S ONE STOP-SHOP FOR EVERYTHING THAT SCIENCE FRIDAY CREATES, INCLUDING ORIGINAL LONGFORM REPORTING THAT GIVES READERS A FLAVOR OF THE CHALLENGES FACED BY SCIENTISTS WORKING TO SOLVE BIG PROBLEMS. OUR WEBSITE RECEIVES 240,000 PAGEVIEWS/MONTH AND WE HAVE A SOCIAL FOLLOWING OF OVER A MILLION COMBINED FOLLOWERS ON FACEBOOK, INSTAGRAM, TWITTER AND TIKTOK.
SCIENCE FRIDAY DIGITAL CONTENT AND WEBSITESCIENCE FRIDAY'S DIGITAL PLATFORMS PUBLISH ORIGINAL REPORTING, NEWSLETTERS, DISPATCHES, BOOK EXCERPTS, AS WELL AS MULTIMEDIA ADDITIONS TO RADIO SEGMENTS. OUR WEBSITE, SCIENCEFRIDAY.COM, IS THE PUBLIC'S ONE STOP-SHOP FOR EVERYTHING THAT SCIENCE FRIDAY CREATES, INCLUDING ORIGINAL LONGFORM REPORTING THAT GIVES READERS A FLAVOR OF THE CHALLENGES FACED BY SCIENTISTS WORKING TO SOLVE BIG PROBLEMS. OUR WEBSITE RECEIVES 240,000 PAGE VIEWS/MONTH AND WE HAVE A SOCIAL FOLLOWING OF OVER A MILLION COMBINED FOLLOWERS ON FACEBOOK, INSTAGRAM, TWITTER AND TIKTOK.
SCIENCE FRIDAY EDUCATION, EXPERIENCES, AND RESEARCHOUR EDUCATION AND OUTREACH WORK CREATES EDUCATIONAL PROGRAMMING, CONTENT, AND EXPERIENCES TO INVITE COMMUNITIES, PARENTS, EDUCATORS, AND THE PUBLIC TO PARTICIPATE IN SCIENCE THROUGH DOING AND LEARNING. OUR ORIGINAL LESSON PLANS AND ACTIVITIES HAVE BEEN INCLUDED IN DOZENS OF NATIONAL CURRICULUM AND OUT OF SCHOOL TIME ACTIVITY REPOSITORIES SERVING TENS OF MILLIONS OF EDUCATORS, INCLUDING SHARE MY LESSON, PBS LEARNING MEDIA, AMERICAN ASSOCIATION OF CHEMISTRY TEACHERS, NEWSELA, AND CODE.ORG. SCIENCE FRIDAY'S EVENTS AND EXPERIENCES INCLUDES THE HOSTING OF MONTHLY LIVE AND VIRTUAL LEARNING EVENTS WITH EXPERTS, A NATIONAL BOOK CLUB, CITIZEN SCIENCE INITIATIVES, AND FIELD TRIPS AND LIVE DISCUSSIONS AROUND THE COUNTRY. SCIENCE FRIDAY'S RESEARCH INITIATIVES INCLUDE PROJECTS EVALUATING THE INFLUENCE OF MEDIA ON LEARNING AND ENGAGEMENT, EQUITY AND REPRESENTATION IN MEDIA, AND STEM INFORMAL LEARNING.
SCIENCE FRIDAY EDUCATION, EXPERIENCES, AND RESEARCHOUR EDUCATION AND OUTREACH WORK CREATES EDUCATIONAL PROGRAMMING, CONTENT, AND EXPERIENCES TO INVITE COMMUNITIES, PARENTS, EDUCATORS, AND THE PUBLIC TO PARTICIPATE IN SCIENCE THROUGH DOING AND LEARNING. OUR ORIGINAL LESSON PLANS AND ACTIVITIES HAVE BEEN INCLUDED IN DOZENS OF NATIONAL CURRICULUM AND OUT OF SCHOOL TIME ACTIVITY REPOSITORIES SERVING TENS OF MILLIONS OF EDUCATORS, INCLUDING SHARE MY LESSON, PBS LEARNING MEDIA, AMERICAN ASSOCIATION OF CHEMISTRY TEACHERS, NEWSELA, AND CODE.ORG. SCIENCE FRIDAY'S EVENTS AND EXPERIENCES INCLUDES THE HOSTING OF MONTHLY LIVE AND VIRTUAL LEARNING EVENTS WITH EXPERTS, A NATIONAL BOOK CLUB, CITIZEN SCIENCE INITIATIVES, FIELD TRIPS, AND LIVE DISCUSSIONS AROUND THE COUNTRY. SCIENCE FRIDAY'S RESEARCH INITIATIVES INCLUDE PROJECTS EVALUATING THE INFLUENCE OF MEDIA ON LEARNING AND ENGAGEMENT, EQUITY AND REPRESENTATION IN MEDIA, AND STEM INFORMAL LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Flatow President | OfficerTrustee | 3 | $0 |
Jorge Leis Treasurer | OfficerTrustee | 1 | $0 |
Mary Smart Secretary | OfficerTrustee | 1 | $0 |
James Gentile Director | Trustee | 1 | $0 |
Julie Lanasa Director | Trustee | 1 | $0 |
Chris Lee Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Science Friday Inc Licensing & Consulting | 12/30/15 | $333,000 |
Blue Cadet Web Design | 12/30/15 | $147,249 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,428 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,494,278 |
| Noncash contributions included in lines 1a–1f | $143,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,556,706 |
| Total Program Service Revenue | $879,579 |
| Investment income | $131,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $35,654 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,622,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $159,841 |
| Compensation of current officers, directors, key employees. | $63,936 |
| Compensation to disqualified persons | $187,000 |
| Other salaries and wages | $1,396,041 |
| Pension plan accruals and contributions | $20,141 |
| Other employee benefits | $137,412 |
| Payroll taxes | $135,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,641 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,001 |
| Fees for services: Other | $178,204 |
| Advertising and promotion | $39,918 |
| Office expenses | $52,789 |
| Information technology | $76,573 |
| Royalties | $0 |
| Occupancy | $279,603 |
| Travel | $41,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,123 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,414 |
| Insurance | $8,127 |
| All other expenses | $0 |
| Total functional expenses | $2,954,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,600 |
| Savings and temporary cash investments | $1,304,901 |
| Pledges and grants receivable | $577,447 |
| Accounts receivable, net | $450,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,654 |
| Prepaid expenses and deferred charges | $30,854 |
| Net Land, buildings, and equipment | $97,207 |
| Investments—publicly traded securities | $2,877,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $727,500 |
| Other assets | $1,100,723 |
| Total assets | $7,574,101 |
| Accounts payable and accrued expenses | $70,355 |
| Grants payable | $0 |
| Deferred revenue | $44,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $500,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,207,305 |
| Total liabilities | $1,821,660 |
| Net assets without donor restrictions | $5,168,561 |
| Net assets with donor restrictions | $583,880 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,574,101 |