World Science Foundation
- Assets
- $13.1m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 30
- Location
- New York, NY
- Founding
- 05/2006
- Data as of
- 09/2021
- EIN
- 43-2095418
Organization Overview
World Science Foundation is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 09/2021, World Science Foundation employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Science Foundation 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 09/2021, World Science Foundation generated $7.5m in total revenue. All expenses for the organization totaled $3.8m during the year ending 09/2021. While expenses have increased by 26.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE AND SUSTAIN A GENERAL PUBLIC INFORMED BY THE SUBSTANCE OF SCIENCE, INSPIRED BY ITS WONDER, CONVINCED OF ITS VALUE AND PREPARED TO EXPLORE ITS IMPLICATIONS FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FESTIVAL CREATES NOVEL, CREATIVE, AND ARTFULLY PRODUCED PROGRAMS AND INTERDISCIPLINARY EVENTS. FROM COMPELLING PRESENTATIONS OF CUTTING-EDGE SCIENTIFIC RESEARCH AND CAPTIVATING HANDS-ON DEMONSTRATIONS FOR KIDS, TO WORKS IN THEATRE, FILM AND THE ARTS INSPIRED BY SCIENCE, THE FESTIVAL DRAMATICALLY RAISES THE PROFILE OF SCIENCE. FESTIVAL PROGRAMS ARE TAPED, EDITED AND MADE AVAILABLE YEAR-ROUND ON THE FESTIVAL'S WEBSITE, TOGETHER WITH COMPLEMENTARY CONTENT, DRAMATICALLY EXPANDING THE REACH AND IMPACT OF THE FESTIVAL AND BUILDING A GROWING ARCHIVE OF EDUCATIONAL SCIENCE PROGRAMMING. WORLD SCIENCE U PROVIDES A UNIQUE EDUCATIONAL EXPERIENCE FOR STUDENTS, WITH WORLD-RENOWNED PROFESSORS LEADING THE WAY, ACCOMPANIED BY STATE-OF-THE-ART PRODUCTION. THE DIVERSE COURSE OFFERINGS LET STUDENTS SPEND MINUTES, HOURS, DAYS, OR MONTHS ON A SUBJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Day Ceo/secretary | OfficerTrustee | 40 | $215,000 |
Stanley Kroder CFO | 40 | $151,759 | |
Mark German Dir. Of Ed. Strat | 40 | $126,593 | |
Debra Nir Dir., Live Events | 40 | $112,958 | |
Judith Cox President&treas | OfficerTrustee | 40 | $66,720 |
Brian Greene Chairman | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Interchurch Center Rent & Labor | 9/29/21 | $169,415 |
Wested Consulting Services | 9/29/21 | $111,984 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144,300 |
| Related organizations | $0 |
| Government grants | $382,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,716,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,243,231 |
| Total Program Service Revenue | $217,611 |
| Investment income | $1,977 |
| 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 | $7,478,619 |
| 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. | $324,297 |
| Compensation of current officers, directors, key employees. | $129,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $906,475 |
| Pension plan accruals and contributions | $3,356 |
| Other employee benefits | $141,366 |
| Payroll taxes | $96,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,212 |
| 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 | $1,557,182 |
| Advertising and promotion | $108,856 |
| Office expenses | $85,106 |
| Information technology | $106,527 |
| Royalties | $0 |
| Occupancy | $201,898 |
| Travel | $6,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $213 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,435 |
| Insurance | $21,251 |
| All other expenses | $0 |
| Total functional expenses | $3,771,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,797 |
| Savings and temporary cash investments | $7,839,762 |
| Pledges and grants receivable | $4,274,988 |
| Accounts receivable, net | $20,038 |
| 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 | $37,644 |
| Net Land, buildings, and equipment | $535,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,378 |
| Total assets | $13,088,749 |
| Accounts payable and accrued expenses | $340,447 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $340,447 |
| Net assets without donor restrictions | $6,055,183 |
| Net assets with donor restrictions | $6,693,119 |
| 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 | $13,088,749 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that World Science Foundation has recieved totaling $6,354,933.
| Awarding Organization | Amount |
|---|---|
Simons Foundation Inc New York, NY PURPOSE: WORLD SCIENCE FESTIVAL OUTRIGHT AND MATCHING GRANT | $2,400,000 |
John Templeton Foundation West Conshohocken, PA PURPOSE: CULTIVATING GENIUS INITIATIVE | $1,596,655 |
John Templeton Foundation West Conshohocken, PA PURPOSE: CULTIVATING GENIUS INITIATIVE | $684,283 |
John Templeton Foundation West Conshohocken, PA PURPOSE: CULTIVATING GENIUS INITIATIVE | $522,834 |
John Templeton Foundation West Conshohocken, PA PURPOSE: THE BIG IDEAS SERIES: PRODUCTION, DISTRIBUTION, AND EVALUATION, THE WORLD SCIENCE FESTIVAL (WSF) | $447,704 |
John Templeton Foundation West Conshohocken, PA PURPOSE: THE BIG IDEAS SERIES: PRODUCTION, DISTRIBUTION, AND EVALUATION, THE WORLD SCIENCE FESTIVAL (WSF) | $298,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Climate Central Inc Princeton, NJ | $5,643,548 | $7,434,167 |
World Science Foundation New York, NY | $13,088,749 | $7,478,619 |
Earthwatch Institute Inc Newton, MA | $7,504,527 | $5,695,996 |
Consortium Of Universities For The Advangement Of Hydrologic Science Arlington, MA | $1,281,994 | $3,411,745 |
Mental Health Empowerment Project Inc Albany, NY | $1,208,283 | $2,548,134 |
Tricontinental Ltd Northampton, MA | $11,768,308 | $1,563,413 |
Talcott Mountain Science Center For Student Involvement Inc Avon, CT | $6,484,905 | $1,706,549 |
New England Complex Systems Institute Inc Cambridge, MA | $489,889 | $1,033,177 |
Geothermal Resources Council Mount Laurel, NJ | $1,936,006 | $809,078 |
History Of Science Society Inc Philadelphia, PA | $3,981,769 | $842,698 |
Heffter Research Institute Greenwich, CT | $1,949,890 | $972,818 |
Ahepa 110-Iii Inc Norwich, CT | $2,647,292 | $417,798 |