Ispace Inc
- Assets
- $1.4m
- Revenue
- $686.1k
- Investments
- $168.0k
- Employees
- 51
- Location
- Evendale, OH
- Founding
- 06/2001
- Data as of
- 08/2023
- EIN
- 31-1767871
Organization Overview
Ispace Inc is located in Evendale, OH. The organization was established in 2001. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Ispace Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ispace 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 08/2023, Ispace Inc generated $686.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $607.6k during the year ending 08/2023. While expenses have increased by 0.4% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ISPACE IS A REGIONAL "LEARNING THROUGH DOING ORGANIZATION SERVING GREATER CINCINNATI AND THE TRI-STATE REGION. WE OFFER AN ARRAY OF EDUCATIONAL PROGRAMS DESIGNED TO PROVIDE STUDENTS, EDUCATORS, AND FAMILIES WITH UNIQUE AND HIGHLY ENERGIZED STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS) PROGRAMS THAT ACCOMMODATE ALL AGES AND A WIDE RANGE OF LEARNING STYLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER CAMPS: A WIDE VARIETY OF WEEK-LONG CAMPS FOR CHILDREN IN GRADES K THROUGH 12, PROVIDING FUN, HANDS-ON STEM LEARNING EXPERIENCES IN A PROFESSIONALLY-STAFFED ENVIROMENT, ALL WELL BEYOND THE CLASSROOM. CAMPS INVOLVE TECHNOLOGY, ROBOTICS, ENGINEERING, ENVIRONMENTAL SCIENCE, CHEMISTRY, EARTH/SPACE SCIENCES, PHYSICS, AND MORE.
CLASS PROGRAMS: A WIDE VARIETY OF PROGRAMS FOR CHILDREN, YOUTH, ADULTS, FAMILIES, SCOUTS, SCHOOLS, AND CORPORATIONS - HOSTED BY ISPACE OR THROUGH OUTREACH TO SCHOOLS AND COMMUNITIES. THESE ARE EXCITING, HANDS-ON STEM LEARNING EXPERIENCES DIRECTED BY PROFESSIONAL EDUCATORS. PROGRAMS INCLUDE STEM CONTENT (AND TEACHER TRAINING) COVERING VARIOUS SCIENCE CONCEPTS, IMISSIONS (IMMERSION INTO THE ROLE OF AN ASTRONAUT OR SPACE SCIENTIST), ROBOTICS, AND ROCKETRY. ALL PROGRAMS PROMOTE CRITICAL THINKING, TEAMWORK, AND CREATIVE PROBLEM-SOLVING.
NEW PROGRAMS: A PROJECT TO ENSURE ISPACE STAYS ON CUTTING EDGE OF STEM. NEW PROGRAM AND CAMP DEVELOPMENT ALONG WITH CURRENT PROGRAM ENHANCEMENTS THAT INCORPORATE BEST PRACTICES AND LATEST RESEARCH IN STEM EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cosimi Trustee | Trustee | 2 | $0 |
Brian Dershaw Past President | OfficerTrustee | 1 | $0 |
Luana Iorio Secretary | OfficerTrustee | 2 | $0 |
Chris Lehman Treasurer | OfficerTrustee | 4 | $0 |
Matt Leopard Trustee | Trustee | 1 | $0 |
Emily Morgan President | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,619 |
| Total Program Service Revenue | $355,581 |
| Investment income | $10,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,146 |
| 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. | $119,300 |
| Compensation of current officers, directors, key employees. | $17,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,264 |
| Advertising and promotion | $11,366 |
| Office expenses | $45,607 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,000 |
| Travel | $1,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $4,609 |
| Conferences, conventions, and meetings | $1,987 |
| Interest | $14,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,460 |
| Insurance | $10,136 |
| All other expenses | $4,753 |
| Total functional expenses | $607,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,922 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $313,103 |
| Investments—publicly traded securities | $416,077 |
| Investments—other securities | $168,040 |
| Investments—program-related | $0 |
| Intangible assets | $252,423 |
| Other assets | $0 |
| Total assets | $1,429,020 |
| Accounts payable and accrued expenses | $11,992 |
| Grants payable | $0 |
| Deferred revenue | $62,569 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $747,291 |
| Other liabilities | $0 |
| Total liabilities | $821,852 |
| Net assets without donor restrictions | $569,668 |
| Net assets with donor restrictions | $37,500 |
| 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 | $1,429,020 |