Young Scientist Foundation
- Assets
- $1.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 45-4168373
Organization Overview
Young Scientist Foundation is located in Cleveland, OH. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Scientist 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 12/2023, Young Scientist Foundation generated $9.6k 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 (29.7%) each year. All expenses for the organization totaled $9.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (30.3%) per year over the past 8 years. 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
2023
Describe the Organization's Program Activity:
Part 3
FOSTER THE DEVELOPMENT OF YOUNG TRAINEES INTERESTED IN DOING TRANSLATIONAL RESEARCH. THIS FOUNDATION IS DEDICATED TO PROVIDING FUNDS TO INDIVIDUALS AT THE BEGINNING OF THEIR CAREERS WHO ARE INTERESTED IN WORKING ON IDENTIFYING NEW APPROACHES TO TREAT HUMAN DISEASE. THIS FUND WILL ENABLE YOUNG, MOTIVATED, AND BRIGHT SCIENTISTS TO PURSUE INNOVATIVE RESEARCH WITH THE HOPE OF TRANSLATING THESE FINDINGS TO THE CLINIC. 10 STUDENTS BENEFIT FROM THIS PROGRAM PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Goutham Narla CEO | 10 | $0 | |
Andrew Castaldi CFO | 10 | $0 | |
Glen Devries Vice-Chairman Of The Board | 0 | $0 | |
Floyd Cardoz Vice-Chairman Of The Board | 0 | $0 | |
Analisa Difeo Vice President Of Student Development | 0 | $0 | |
Mohan Narla President Of Scientific Advisory Board | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,551 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9,551 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,124 |
| Total expenses | $9,124 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,069 |
| Other assets | $0 |
| Total assets | $1,069 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,069 |