Usg United Scientific Group
- Assets
- -$24.2k
- Revenue
- $736.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Plano, TX
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 47-1387188
Organization Overview
Usg United Scientific Group is located in Plano, TX. The organization was established in 2019. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, 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. Usg United Scientific Group 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 12/2021, Usg United Scientific Group generated $736.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $715.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 4 years. 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
USG UNITED SCIENTIFIC GROUP (USG) IS A TEXAS-BASED US NONPROFIT (5013) SCIENTIFIC CORPORATION WITH THE MISSION TO PROMOTE SCIENCE, MEDICINE, AND TECHNOLOGY. OUR ORGANIZATION WILL ORGANIZE SCIENTIFIC CONFERENCES AT THE NATIONAL AND INTERNATIONAL LEVEL, SUPPORT YOUNG RESEARCHERS TO PARTICIPATE IN CONFERENCES TO KNOW THE RECENT TRENDS IN RESEARCH AND EDUCATION, AND PROVIDE OPEN ACCESS SCIENTIFIC PUBLISHING. USG SEEKS TO HOST DIFFERENT CONFERENCES ON A VARIETY OF RESEARCH TOPICS ALL OVER THE WORLD EACH YEAR. ONCE WE HAVE A CONFERENCE SCHEDULED, WE REACH OUT TO DIFFERENT EXPERTS OF THE SCIENTIFIC COMMUNITY TO COME TO SPEAK AT THE CONFERENCE. WE THEN PAY THE EXPERTS TO COME TO SPEAK AT THE EVENT, AS WELL AS THEIR REGISTRATION, ACCOMMODATION AND TRAVEL EXPENSES. THEIR REGISTRATION FEES FOR INDIVIDUALS/DELEGATES TO ATTEND THE CONFERENCES, BUT THE AMOUNT WILL DEPEND ON THE COST OF THE CONFERENCE. IT IS OUR BELIEF THAT BY HOSTING SCIENTIFIC CONFERENCES WE WILL BE ABLE TO SUPPORT YOUNG RESEARCHER
Describe the Organization's Program Activity:
Part 3 - Line 4a
USG UNITED SCIENTIFIC GROUP (USG) IS A TEXAS-BASED US NONPROFIT (5013) SCIENTIFIC CORPORATION WITH THE MISSION TO PROMOTE SCIENCE, MEDICINE, AND TECHNOLOGY. OUR ORGANIZATION WILL ORGANIZE SCIENTIFIC CONFERENCES AT THE NATIONAL AND INTERNATIONAL LEVEL, SUPPORT YOUNG RESEARCHERS TO PARTICIPATE IN CONFERENCES TO KNOW THE RECENT TRENDS IN RESEARCH AND EDUCATION, AND PROVIDE OPEN ACCESS SCIENTIFIC PUBLISHING. USG SEEKS TO HOST DIFFERENT CONFERENCES ON A VARIETY OF RESEARCH TOPICS ALL OVER THE WORLD EACH YEAR. ONCE WE HAVE A CONFERENCE SCHEDULED, WE REACH OUT TO DIFFERENT EXPERTS OF THE SCIENTIFIC COMMUNITY TO COME TO SPEAK AT THE CONFERENCE. WE THEN PAY THE EXPERTS TO COME TO SPEAK AT THE EVENT, AS WELL AS THEIR REGISTRATION, ACCOMMODATION AND TRAVEL EXPENSES. THEIR REGISTRATION FEES FOR INDIVIDUALS/DELEGATES TO ATTEND THE CONFERENCES, BUT THE AMOUNT WILL DEPEND ON THE COST OF THE CONFERENCE. IT IS OUR BELIEF THAT BY HOSTING SCIENTIFIC CONFERENCES WE WILL BE ABLE TO SUPPORT YOUNG RESEARCHES AND ALLOW THEM TO LEARN RECENT TRENDS IN RESEARCH AND UPDATE THEIR SCIENTIFIC KNOWLEDGE. USG IS LED BY A GROUP OF SENIOR SCIENTISTS AS THE BOARD OF DIRECTORS, WHICH ARE COMMITTED TO WORKING TOGETHER AND CONTRIBUTE THE BEST SERVICES TO THE SCIENTIFIC COMMUNITY.
USG UNITED SCIENTIFIC GROUP (USG) IS A TEXAS-BASED US NONPROFIT (5013) SCIENTIFIC CORPORATION WITH THE MISSION TO PROMOTE SCIENCE, MEDICINE, AND TECHNOLOGY. OUR ORGANIZATION WILL ORGANIZE SCIENTIFIC CONFERENCES AT THE NATIONAL AND INTERNATIONAL LEVEL, SUPPORT YOUNG RESEARCHERS TO PARTICIPATE IN CONFERENCES TO KNOW THE RECENT TRENDS IN RESEARCH AND EDUCATION, AND PROVIDE OPEN ACCESS SCIENTIFIC PUBLISHING. USG SEEKS TO HOST DIFFERENT CONFERENCES ON A VARIETY OF RESEARCH TOPICS ALL OVER THE WORLD EACH YEAR. ONCE WE HAVE A CONFERENCE SCHEDULED, WE REACH OUT TO DIFFERENT EXPERTS OF THE SCIENTIFIC COMMUNITY TO COME TO SPEAK AT THE CONFERENCE. WE THEN PAY THE EXPERTS TO COME TO SPEAK AT THE EVENT, AS WELL AS THEIR REGISTRATION, ACCOMMODATION AND TRAVEL EXPENSES. THEIR REGISTRATION FEES FOR INDIVIDUALS/DELEGATES TO ATTEND THE CONFERENCES, BUT THE AMOUNT WILL DEPEND ON THE COST OF THE CONFERENCE. IT IS OUR BELIEF THAT BY HOSTING SCIENTIFIC CONFERENCES WE WILL BE ABLE TO SUPPORT YOUNG RESEARCHES AND ALLOW THEM TO LEARN RECENT TRENDS IN RESEARCH AND UPDATE THEIR SCIENTIFIC KNOWLEDGE. USG IS LED BY A GROUP OF SENIOR SCIENTISTS AS THE BOARD OF DIRECTORS, WHICH ARE COMMITTED TO WORKING TOGETHER AND CONTRIBUTE THE BEST SERVICES TO THE SCIENTIFIC COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakshamma M Yakkanti Treasurer | OfficerTrustee | 40 | $60,000 |
Kenneth Blum President | Officer | 4 | $0 |
Goutham Edula Secretary | Trustee | 4 | $0 |
Reza Hakkak Board Member | Trustee | 4 | $0 |
Rajendra Badgaiyan Board Member | Trustee | 4 | $0 |
Jin Jun Luo Board Member | Trustee | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $736,095 |
| Investment income | $0 |
| 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 | $736,095 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $61,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,499 |
| Travel | $3,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $54,135 |
| Total functional expenses | $714,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$24,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$24,226 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | -$24,226 |
| Net assets with donor restrictions | $0 |
| 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 | -$24,226 |
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