Institute For Applied Science
- Assets
- $395.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 52-2086045
Organization Overview
Institute For Applied Science is located in Alexandria, VA. The organization was established in 1998. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Applied Science 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 12/2022, Institute For Applied Science generated $64.2k 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 (12.9%) each year. All expenses for the organization totaled $63.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wood Chairman | 4 | $0 | |
Elizabeth Summers Director & Legal Counsel | 2 | $0 | |
Derek Robinson Finance Director | 8 | $0 | |
William Wood Program Director | 20 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,628 |
| Total Program Service Revenue | $44,596 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $64,224 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,000 |
| Professional fees and other payments to independent contractors | $34,403 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $5,287 |
| Other expenses | $0 |
| Total expenses | $63,690 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,373 |
| Other assets | $0 |
| Total assets | $395,248 |
| Total liabilities | $96,118 |
| Net assets or fund balances | $299,130 |