Physics Factory
- Assets
- $19.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 06/2005
- Data as of
- 12/2020
- EIN
- 20-2894569
Organization Overview
Physics Factory is located in Ithaca, NY. The organization was established in 2005. 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. Physics Factory 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 12/2020, Physics Factory generated $17.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.9%) each year. All expenses for the organization totaled $67.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO PROVIDE A FREE PROGRAM TO INCLUDE OUTREACH PROGRAMS STUDENT MENTORING RESOURCES FOR SCIENCE TEACHERS AND VARIOUS OTHER PROGRAMS IN TOMPKINS COUNTY NY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Bayly President | 1 | $0 | |
John Forbes Perkins III Vice President | 1 | $0 | |
Mike Zecchino Officer | 1 | $0 | |
Erik Herman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,061 |
| Total Program Service Revenue | $3,056 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,849 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,303 |
| Other expenses | $35,686 |
| Total expenses | $67,838 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,700 |
| Other assets | $0 |
| Total assets | $19,000 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Physics Factory has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The John B Pierce Laboratory Inc New Haven, CT | $10,117,404 | $6,351,380 |
Textile Research Institute Princeton, NJ | $3,898,416 | $5,113,874 |
Science Friday Initiative Inc New York, NY | $7,093,144 | $3,258,319 |
Nexterra Foundation Inc Millerton, NY | $1,249,653 | $1,839,240 |
New York Sun Works Inc New York, NY | $1,656,607 | $1,789,776 |
International Union United Auto Aerospace & Agricultural Workers West Hartford, CT | $39,635 | $669,007 |
International Union United Auto Aerospace & Agricultural Workers Williamsport, PA | $502,419 | $318,260 |
Blue Sky Aviation Association Incorporated Readington, NJ | $304,161 | $225,818 |
American Academy Of Health Physics Princeton Junction, NJ | $955,128 | $243,024 |
Buehler Aviation Research Inc Hackensack, NJ | $3,111,138 | $226,239 |
International Union United Auto Aerospace & Agricultural Workers West Hartford, CT | $282,653 | $0 |
Aviation Council Of Pennsylvania Wellsville, PA | $117,370 | $0 |