International Space University Org Inc
- Assets
- $315.1k
- Revenue
- $76.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Webster, MA
- Founding
- 03/1988
- Data as of
- 08/2022
- EIN
- 52-1511773
Organization Overview
International Space University Org Inc, operating under the name Higher Education, is located in Webster, MA. The organization was established in 1988. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Higher Education 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 08/2022, Higher Education generated $76.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $85.1k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (25.1%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ISU ORGANIZATION INC. WAS INCORPORATED TO FOSTER INTERNATIONAL HIGHER EDUCATION RELATED TO OUTER SPACE FOR PEACEFUL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVE ORGANIZATION OF, OR PARTICIPATION IN, EDUCATION WORKSHOPS, SYMPOSIA, CONFERENCES, AND ALUMNI NETWORKING OPPORTUNITIES INTENDED TO INCREASE AWARENESS OF CRITICAL ISSUES AND DEVELOPMENTS IN INTERNATIONAL AND INTERDISCIPLINARY SPACE EXPLORATION AND APPLICATIONS.
ADVANCED POSTGRADUATE EDUCATION IN THE SPACE FIELD THROUGH DISTRIBUTION OF STUDY FINDINGS, DISSEMINATION OF PROGRAM OPPORTUNITIES AND ACTIVE PARTICIPATION AT GATHERINGS WHERE SPACE EDUCATION AND WORKFORCE DEVELOPMENT ARE DISCUSSED.
RESPOND TO PUBLIC REQUESTS FOR INFORMATION AND ANALYSIS CONCERNING EVOLVING ISSUES IN THE SPACE SECTOR BOTH IN THE UNITED STATES AND BEFORE INTERNATIONAL ORGANIZATIONS. FACILITATED COMMUNICATION BETWEEN EXPERTS AND THE GENERAL PUBLIC ON ISSUES RELATED TO THE USES OF OUTER SPACE. PROVIDED SUPPORT TO BRING SPACE TOPICS INTO THE CLASSROOM THROUGH THE PROFESSIONAL DEVELOPMENT OF EDUCATIONAL AND NON-EDUCATIONAL PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Martin Vice-President For North American Operations | Officer | 40 | $24,000 |
Name Not Listed Member Of The Board Of Trustees | Trustee | 0 | $0 |
Name Not Listed Member Of The Board Of Trustees | Trustee | 0 | $0 |
Name Not Listed Chairman Of The Board Of Trustees | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,340 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,471 |
| Total Program Service Revenue | $52,286 |
| Investment income | $12 |
| 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 | $76,769 |
| 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 | $29,244 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $9,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $629 |
| Payroll taxes | $1,873 |
| Fees for services: Management | $709 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $272 |
| Office expenses | $2,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173 |
| Insurance | $425 |
| All other expenses | $0 |
| Total functional expenses | $85,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,288 |
| Savings and temporary cash investments | $105,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,526 |
| 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 | $315,101 |
| Accounts payable and accrued expenses | $171,036 |
| 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 | $171,036 |
| Net assets without donor restrictions | $124,457 |
| Net assets with donor restrictions | $19,608 |
| 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 | $315,101 |