Terasem Movement Foundation Inc
- Assets
- $5.2m
- Revenue
- $166.0k
- Investments
- $3.4m
- Employees
- 0
- Location
- Lincoln, VT
- Founding
- 11/2005
- Data as of
- 12/2023
- EIN
- 20-1780425
Organization Overview
Terasem Movement Foundation Inc is located in Lincoln, VT. The organization was established in 2005. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Terasem Movement Foundation 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 12/2023, Terasem Movement Foundation Inc generated $166.0k 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 (20.5%) each year. All expenses for the organization totaled $420.9k during the year ending 12/2023. 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
RESEARCH PROJECT: LIFENAUT.COM: DEVELOPMENT OF WEB-BASED EDUCATIONAL SERVICE TO PROVIDE THE GENERAL PUBLIC WITH INFORMATION DEMONSTRATING THE PRACTICALITY AND IMPORTANCE OF ACHIEVING DIVERSITY, UNITY, AND JOYFUL IMMORTALITY FOR BIOLOGICAL AND CYBERMETRIC CONSCIOUSNESS VIA NANO TECHNOLOGY AND GEO ETHICS AND THE DIGITAL ARCHIVAL OF PERSONAL BIOGRAPHICAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martine Rothblatt Treasurer/director | 0.5 | $0 | |
Bina Rothblatt President/director | 0.5 | $0 | |
Bruce Duncan Managing Director | 40 | $64,456 | |
Jenesis Rothblatt Secretary/director | 0.5 | $0 | |
Scott Miller Director | 0.5 | $0 | |
Da Wallach Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $131,848 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,159 |
| Capital Gain Net Income | $17,159 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $165,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,456 |
| Other employee salaries and wages | $156,000 |
| Pension plans, employee benefits | $11,626 |
| Interest | $0 |
| Taxes | $19,423 |
| Depreciation | $37,342 |
| Occupancy | $20,121 |
| Travel, conferences, and meetings | $5,964 |
| Printing and publications | $0 |
| Other expenses | $96,131 |
| Total operating and administrative expenses | $420,931 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $420,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280 |
| Savings and temporary cash investments | $561,219 |
| 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 | $45,511 |
| Net Land, buildings, and equipment | $1,228,101 |
| Other assets | $1,600 |
| Total assets | $5,222,937 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,201 |
| Total liabilities | $4,201 |