Femto Research Inc is located in Sarasota, FL. The organization was established in 2018. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, 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. Femto Research Inc 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, Femto Research Inc generated $20.0k 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 (33.1%) each year. All expenses for the organization totaled $19.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE CONTRIBUTIONS, GRANTS AND GIFTS TO VARIOUS EDUCATIONAL AND CHARITABLE ORGANIZATIONS; TO INITIATE SUCH ACTIVITIES FOR SUCH CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES AS THE BOARD OF DIRECTORS MAY DETERMINE FROM TIME TO TIME; AND TO DO ALL OTHER THINGS NECESSARY OR DESIRABLE IN CONNECTION WITH PURPOSE AS OUTLINED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Luana Hess Vice President | 1 | $0 | |
Michael Rodgers President | 1 | $0 | |
Paul Pope Director | 1 | $0 | |
Erika Pope Treasurer/secretary | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $20,000 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $20,000 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $15,419 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $1,369 |
Depreciation | $0 |
Occupancy | $1,500 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $811 |
Total operating and administrative expenses | $19,099 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $19,099 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,931 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $6,931 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $5,095 |
Total liabilities | $5,095 |
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