Ischools Inc
- Assets
- $663.5k
- Revenue
- $281.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Westford, MA
- Founding
- 08/2016
- Data as of
- 12/2023
- EIN
- 47-2520523
Organization Overview
Ischools Inc is located in Westford, MA. The organization was established in 2016. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Ischools 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 12/2023, Ischools Inc generated $281.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $326.8k during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 9 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
THE ISCHOOLS, A CONSORTIUM OF INFORMATION SCHOOLS INCORPORATED AS A NONPROFIT CORPORATION (ORGANIZATION OR "ISCHOOLS") FORMED UNDER THE DISTRICT OF COLUMBIA NONPROFIT CORPORATION CODE, D.C. CODE 29301.01 ET SEQ. ("ACT"), TAKES IT AS A GIVEN THAT EXPERTISE IN ALL FORMS OF INFORMATION IS REQUIRED FOR PROGRESS IN SCIENCE, BUSINESS, EDUCATION, AND CULTURE. THIS EXPERTISE MUST INCLUDE UNDERSTANDING OF THE USES AND USERS OF INFORMATION, THE NATURE OF INFORMATION ITSELF, AS WELL AS INFORMATION TECHNOLOGIES AND THEIR APPLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ISCHOOLS COLLABORATE ON GOALS SUCH AS 1) LEADING, PROMOTING AND SHAPING THE ACADEMIC FIELD OF INFORMATION, 2)CREATING EFFECTIVE RESPONSES TO STRATEGIC RESEARCH AND TO LEVERAGE FUNDING TO ADVANCE ACADEMIC OPPORTUNITIES IN THE FIELD OF INFORMATION, 3) ENABLING MEMBERS TO SHARE SOLUTIONS, 4) PROVIDING PERSPECTIVES ON MATTERS OF POLICY THAT AFFECT THE COLLECTION, ORGANISATION, DISSEMINATION, PRESERVATION, AND USE OF INFORMATION, 5) PROVIDING RESOURCES ABOUT INFORMATION INTEGRITY ISSUES INCLUDING PLAGIARISM, DATA FALSIFICATION, AND IMAGE MANIPULATION. THE ISCHOOLS HOST AN INTERNATIONAL CONFERENCE EACH YEAR THAT COVERS TOPICS IMPORTANT TO THE COMMUNITY. THOSE ATTENDING THE CONFERENCE NEED NOT BE MEMBERS OF THE ISCHOOLS. THE GENERAL PUBLIC IS WELCOME TO ATTEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimiz Dalkir Director | Trustee | 0.5 | $0 |
Josep Cobarsi Morales Director | Trustee | 0.5 | $0 |
Wonsik Shim Director | Trustee | 0.5 | $0 |
Anind K Dey Director | Trustee | 0.5 | $0 |
Kinshuk Kinshuk Director | Trustee | 0.5 | $0 |
Gillian Oliver Chair | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $218,519 |
| 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 | $218,519 |
| Total Program Service Revenue | $63,143 |
| 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 | $281,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,000 |
| 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 | $257,672 |
| Advertising and promotion | $0 |
| Office expenses | $4,438 |
| Information technology | $12,255 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,452 |
| 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 | $0 |
| Total functional expenses | $326,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,372 |
| Savings and temporary cash investments | $261,102 |
| 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 | $663,474 |
| 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 | $663,474 |
| 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 | $663,474 |