Acquisition Science
- Assets
- $1.1m
- Revenue
- $649.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Irvine, CA
- Founding
- 03/2018
- Data as of
- 12/2021
- EIN
- 82-4485501
Organization Overview
Acquisition Science is located in Irvine, CA. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acquisition 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 12/2021, Acquisition Science generated $649.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.4% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE PHILANTROPHY WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCTOBER 29, 2021 - SUPPORT AFTER-SCHOOL TUTORING PROGRAM BY FURNISHING NEW CLASSROOMS AT ALLEYOOP LEARNING CENTER. ACQUISITION SCIENCE PARTNERED WITH A LOCAL OFFICE OUTFITTER TO PROVIDE NEW CLASSROOM FURNITURE AND COMPUTERS FOR STUDENTS.NOVEMBER 11, 2021 - GATHERED VOLUNTEERS IN THE COMMUNITY TO HELP MOVE THE RAINIER VALLEY FOOD BANK INTO THEIR NEWLOCATION.DECEMBER, 2021 - HELD FUNDRAISING EVENT FOR ADDITIONAL PROGRAMS IN 2022
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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 | $1,276,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,276,159 |
| Total Program Service Revenue | $0 |
| Investment income | $11,829 |
| 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 | $649,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $48,372 |
| Compensation of current officers, directors, key employees. | $48,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,105 |
| Payroll taxes | $3,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,098 |
| Fees for services: Accounting | $313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $925,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $74,820 |
| Total functional expenses | $1,199,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,293 |
| 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 | $940,719 |
| 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 | $1,064,012 |
| 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 | $764,454 |
| Other liabilities | $0 |
| Total liabilities | $764,454 |
| Net assets without donor restrictions | $0 |
| 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 | $299,558 |
| Total liabilities and net assets/fund balances | $1,064,012 |