Eclose Institute
- Assets
- $189.7k
- Revenue
- $393.1k
- Investments
- $0.0
- Employees
- 27
- Location
- Wyncote, PA
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-4303157
Organization Overview
Eclose Institute is located in Wyncote, PA. The organization was established in 2019. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2022, Eclose Institute employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eclose Institute 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, Eclose Institute generated $393.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 65.4% each year . All expenses for the organization totaled $292.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECLOSES MISSION IS TO FORM A COLLABORATION WHERE SCIENTISTS, TEACHERS, AND STUDENTS CAN JOIN FORCES TO ENGAGE IN RESEARCH, PROBLEM SOLVING, INNOVATIVE PROGRAMING, AND OTHER STEM ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECLOSE IN THE CLASSROOM PROJECTS FOCUS ON CULTURAL RELEVANCE, CANCER AND HEALTH DISPARITIES, CRITICAL LAB SKILLS, HYPOTHESIS GENERATION, DATA COLECTIONS AND INTERPRETATIONS, AND PRESENTATION OF RESULTS IN A PROFESSIONAL CONFERENCE FORMAT.
ECLOSE IN THE SUMMER IS AN INSTRUCTIONAL OPPORTUNITY WHERE HOST COLLEGES AND UNIVERSITIES ALLOW STUDENTS TO FOCUS ON GAINING INDEPENDENCE AND FACILITATE COLLABORATIVE WORK. STUDENTS LEARN ADVANCED EXPERIMENTAL SKILLS AND APPLICATION OF MATHEMATICS TO LABORATORY PROBLEMS.
ECLOSE PROFESSIONAL DEVELOPMENT PROGRAM IS A 5-DAY PROFESSIONAL DEVELOPMENT SESSIONS THAT PROVIDE BASIC LABORATORY SKILLS, EXPERIENCE AND ADVICE IN SETTING UP A CLASSROOM LABORATORY, AND DEVELOPING LEARNING MODULES THAT INTEGRATE INTO EXISTING SCHOOL CURRICULA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dara Whalen Co-Founder | Trustee | 20 | $44,901 |
Alana O'reilly Co-Founder | Trustee | 8 | $0 |
Rachel Wells Board Member | Trustee | 2 | $0 |
Sibyl Bryant Board Member | Trustee | 2 | $0 |
Marquis Coates Board Member | Trustee | 2 | $0 |
Greg Adams Board Member | Trustee | 2 | $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 | $182,917 |
| Noncash contributions included in lines 1a–1f | $46,717 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,917 |
| Total Program Service Revenue | $210,183 |
| Investment income | $0 |
| 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 | $393,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $93,209 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,045 |
| Office expenses | $2,545 |
| Information technology | $3,520 |
| Royalties | $0 |
| Occupancy | $11,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,643 |
| All other expenses | $92,164 |
| Total functional expenses | $292,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,941 |
| 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 | $1,731 |
| Total assets | $189,672 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $189,672 |
| 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 | $189,672 |