Mensa Education And Research Foundation
- Assets
- $6.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Hurst, TX
- Founding
- 03/2005
- Data as of
- 03/2023
- EIN
- 75-2857248
Organization Overview
Mensa Education And Research Foundation, operating under the name Mensa Foundation, is located in Hurst, TX. The organization was established in 2005. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mensa 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 03/2023, Mensa Foundation generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $994.4k during the year ending 03/2023. While expenses have increased by 10.9% per year over the past 8 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
TO PROVIDE FINANCIAL, EDUCATION, AND RESEARCH ASSISTANCE IN THE AREAS OF INTELLIGENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND AWARDS - THE FOUNDATION PRESENTS AWARDS FOR EXCELLENCE TO RESEARCHERS BASED ON OUTSTANDING RESEARCH ON HUMAN INTELLIGENCE, INTELLECTUAL GIFTEDNESS AND RELATED FIELDS. OTHER AWARDS GIVEN BY THE FOUNDATION ARE COPPER BLACK AWARD FOR CREATIVE ACHIEVMENT, LIFETIME ACHIEVEMENT AWARD FOR RESEARCH ON INTELLIGENCE AND GIFTEDNESS, MENSA FOUNDATION PRIZE AND GIFTED EDUCATION FELLOWSHIP, AND EARLY CAREER RESEARCHER MINI-GRANT. THE FOUNDATION AWARDS SCHOLARSHIPS TO COLLEGE STUDENTS. THE FOUNDATION AWARDED 198 SCHOLARSHIPS AND AWARDS DURING THE FISCAL YEAR ENDED MARCH 31, 2023.
JOURNAL AND PUBLIC EDUCATION - THE FOUNDATION PUBLISHES THE "MENSA RESEARCH JOURNAL" AT LEAST THREE TIMES PER YEAR. THIS JOURNAL HIGHLIGHTS SCHOLARLY ARTICLES AND RECENT RESEARCH RELATED TO INTELLIGENCE. THE SUPPORT OF GIFTED YOUTH IS A FOCAL POINT FOR THE FOUNDATION. THE FOUNDATION FUNDS GIFTED YOUTH PROGRAMS THROUGH THE WEB SITE WWW.MENSAFORKIDS.ORG, WHICH OFFERS EDUCATIONAL GAMES AND ARTICLES FOR YOUTH. THE FOUNDATION HOSTS COLLOQUIUMS THAT ARE OPEN TO THE PUBLIC. COLLOQUIUMS OFFER AN IN-DEPTH LOOK AT A PARTICULAR TOPIC AND OFFER A CLIMATE OF INTELLECTUAL EXCITEMENT IN WHICH CONCEPTS ARE EXPLORED, DIALOGUES ARE STARTED AND IDEAS ARE GENERATED. THIS EVENT IS NOW ALSO BEING OFFERED AS A LIVESTREAM ALONG WITH THE IN-PERSON EVENT. THE RECORDING OF THE COLLOQUIUM IS ALSO AVAILBLE FOR SALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Steinhice President | OfficerTrustee | 20 | $0 |
Deborah Stone Vice President | OfficerTrustee | 20 | $0 |
Vicki Herd Treasurer | OfficerTrustee | 20 | $0 |
Jenny Wise Secretary | OfficerTrustee | 20 | $0 |
Nguyen Pham Trustee | Trustee | 10 | $0 |
Michelle Rakshys Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,299,359 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,309,359 |
| Total Program Service Revenue | $84,339 |
| Investment income | $122,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $116,891 |
| Net Gain/Loss on Asset Sales | -$20,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,612,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $217,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,500 |
| 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 | $419,355 |
| Fees for services: Legal | $12,633 |
| Fees for services: Accounting | $12,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,642 |
| Fees for services: Other | $48,932 |
| Advertising and promotion | $0 |
| Office expenses | $43,031 |
| Information technology | $4,347 |
| Royalties | $0 |
| Occupancy | $30,484 |
| Travel | $75,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,016 |
| Insurance | $7,229 |
| All other expenses | $19,617 |
| Total functional expenses | $994,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,067 |
| 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 | $2,552 |
| Net Land, buildings, and equipment | $1,581,015 |
| Investments—publicly traded securities | $4,776,041 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,493,221 |
| Accounts payable and accrued expenses | $9,005 |
| Grants payable | $299,125 |
| Deferred revenue | $45,771 |
| 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 | $789,160 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,368 |
| Total liabilities | $1,210,429 |
| Net assets without donor restrictions | $2,127,156 |
| Net assets with donor restrictions | $3,155,636 |
| 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 | $6,493,221 |