Us Term Limits Foundation
- Assets
- $831.3k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 52-1729739
Organization Overview
Us Term Limits Foundation is located in Washington, DC. The organization was established in 1991. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us Term Limits 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 12/2021, Us Term Limits Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $987.2k during the year ending 12/2021. While expenses have increased by 25.8% per year over the past 7 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 IMPROVE THE UNDERSTANDING OF TERM LIMITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE THE UNDERSTANDING OF THE SUBJECT OF TERM LIMITATION, PRIMARILY THROUGH EDUCATIONAL AND PUBLIC AWARENESS CAMPAIGNS. CONDUCTS AND SHARES POLICY RESEARCH AND ANALYSIS ON TERM LIMITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Aglialoro Chairman (to 5/2021) | OfficerTrustee | 5 | $0 |
Philip Blumel President | OfficerTrustee | 10 | $0 |
Rick Shepherd Treasurer | OfficerTrustee | 5 | $0 |
Howard Rich Chairman (after 5/2021) | OfficerTrustee | 8 | $0 |
Nicholas Tomboulides Exe.dir/secretary | Officer | 25 | $0 |
Bob Costello Director | Trustee | 1 | $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 | $2,387,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,387,665 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| 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 | $2,387,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,500 |
| 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. | $61,979 |
| Compensation of current officers, directors, key employees. | $12,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $466,993 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,479 |
| Fees for services: Accounting | $9,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,606 |
| Advertising and promotion | $0 |
| Office expenses | $519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,236 |
| Travel | $12,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $613 |
| Interest | $38,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $987,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,295 |
| 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 | $831,295 |
| Accounts payable and accrued expenses | $24,080 |
| 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 | $676,634 |
| Total liabilities | $700,714 |
| Net assets without donor restrictions | $130,581 |
| 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 | $831,295 |
Grants Awarded
Over the last fiscal year, Us Term Limits Foundation has awarded $112,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Woodbridge, VA PURPOSE: GENERAL SUPPORT | $100,000 |
Marstons Mills, MA PURPOSE: GENERAL SUPPORT | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Us Term Limits Foundation has recieved totaling $15,502.
| Awarding Organization | Amount |
|---|---|
Lowndes Foundation Inc Boston, MA PURPOSE: CONTRIBUTION | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $402 |
Analog Devices Foundation Boston, MA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Bioresources Group Manassas, VA | $12,118,539 | $31,000,000 |
Pacific Institute For Research And Evaluation Beltsville, MD | $11,378,296 | $15,441,152 |
Federation Of American Societies For Experimental Biology Rockville, MD | $23,764,452 | $12,011,053 |
American Society For Cell Biology Rockville, MD | $13,840,317 | $4,790,669 |
American Institute Of Biological Sciences Inc Herndon, VA | $3,358,341 | $2,793,916 |
Jrs Biodiversity Foundation Arlington, VA | $55,350,781 | $4,706,989 |
International Life Sciences Institute Washington, DC | $10,642,459 | $1,612,956 |
The Human Factors & Ergonomics Society Washington, DC | $1,795,497 | $1,811,107 |
Bionexus Foundation Inc Manassas, VA | $276,986,981 | $50,742,953 |
Microscopy Society Of America Reston, VA | $4,414,815 | $1,509,742 |
Us Term Limits Foundation Washington, DC | $831,295 | $2,387,689 |
National Association Of Biology Teachers Inc Warrenton, VA | $562,231 | $1,001,137 |