Institute For Physical Sciences Inc
- Assets
- $67.8k
- Revenue
- $432.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Vienna, VA
- Founding
- 03/1995
- Data as of
- 12/2017
- EIN
- 85-0426779
Organization Overview
Institute For Physical Sciences Inc is located in Vienna, VA. The organization was established in 1995. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2017, Institute For Physical Sciences Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Physical Sciences 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 12/2017, Institute For Physical Sciences Inc generated $432.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.3%) each year. All expenses for the organization totaled $567.5k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (27.3%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND CARRY OUT SCIENTIFIC RESEARCH IN VARIOUS AREAS OF PHYSICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH IN THE AREAS OF THEORETICAL PHYSICS, COMPUTATIONAL PHYSICS, MODERN MATHEMATICS, THEORETICAL BIOLOGY, AND AUTONOMOUS SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronnie Mainieri President/treasurer | OfficerTrustee | 10 | $157,698 |
Thad Brown Ceo/chairman | OfficerTrustee | 1 | $0 |
David Meyer Secretary | OfficerTrustee | 1 | $0 |
David Campbell Board Member | Trustee | 1 | $0 |
Gary Doolen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $432,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $432,519 |
| Total Program Service Revenue | $0 |
| 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 | $432,519 |
| 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. | $157,698 |
| Compensation of current officers, directors, key employees. | $38,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,563 |
| Payroll taxes | $21,252 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54 |
| Fees for services: Accounting | $7,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $342,649 |
| Advertising and promotion | $0 |
| Office expenses | $355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $413 |
| 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 | $0 |
| All other expenses | $188 |
| Total functional expenses | $567,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,812 |
| 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 | $0 |
| Total assets | $67,812 |
| Accounts payable and accrued expenses | $30,178 |
| 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 | $30,178 |
| Unrestricted restricted net Assets | $37,634 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $37,634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Geophysical Union Washington, DC | $197,960,779 | $46,621,349 |
National Institute Of Aerospace Associates Hampton, VA | $24,951,080 | $26,735,144 |
American Institute Of Aeronautics And Astronautics Reston, VA | $43,823,405 | $27,848,367 |
General Aviation Manufacturers Association Inc Washington, DC | $11,882,458 | $7,210,865 |
American Council On Renewable Energy-Acore Washington, DC | $2,445,109 | $6,857,978 |
Universities Research Association Inc Washington, DC | $19,819,998 | $5,982,811 |
Korea-Us Science Cooperation Center Vienna, VA | $5,319,420 | $4,061,638 |
American Center For Physics Inc college park, MD | $26,806,500 | $2,493,197 |
Alliance For Market Solutions Inc Mclean, VA | $810,160 | $251,246 |
Mineralogical Society Of America Chantilly, VA | $5,715,292 | $1,463,558 |
Open Imagery Network Inc Washington, DC | $812,425 | $1,782,687 |
National Space Club And Foundation Washington, DC | $1,376,544 | $1,273,156 |