Science And Technology Futures Inc
- Assets
- $8.1m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Cambridge, MA
- Founding
- Data as of
- 12/2023
- EIN
- 88-3129122
Organization Overview
Science And Technology Futures Inc is located in Cambridge, MA. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2023, Science And Technology Futures Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science And Technology Futures 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 12/2023, Science And Technology Futures Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 71.6% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. 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
SCIENCE AND TECHNOLOGY FUTURES, INC.'S MISSION IS TO IDENTIFY AND SUPPORT SCIENTISTS, ENGINEERS, AND OTHER INNOVATORS WITH AN INTEREST IN SHAPING THE NATIONAL/GLOBAL RESEARCH AGENDA. WE WILL FOSTER, SUPPORT, PROMOTE, AND CONDUCT PROGRAMS, PROJECTS, AND ACTIVITIES DESIGNED TO DEVELOP AND ACCELERATE SCIENTIFIC AND TECHNOLOGICAL RESEARCH AND INNOVATION IN THE PUBLIC INTEREST, INCLUDING, WITHOUT LIMITATION, THROUGH ADMINISTERING RESEARCH GRANT PROGRAMS, WHITEPAPER COMPETITIONS, SCIENTIFIC AGENDA-SETTING ACTIVITIES, AND FISCAL SPONSORSHIP OF OTHER MISSION-ALIGNED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALIGN TO INNOVATE (F.K.A. OPEN DATASETS INITIATIVE): ALIGN TO INNOVATE IS WORKING AT THE INTERSECTION OF BIOLOGY AND AI TO IMPROVE LIFE SCIENCE RESEARCH WITH PROGRAMMABLE EXPERIMENTS. THEY USE AUTOMATION AS A FOCAL POINT TO ALIGN THE INCENTIVES OF RESEARCHERS WORLDWIDE TO IDENTIFY AND EXECUTE LARGE, COLLABORATIVE, DATA-INTENSIVE PROJECTS. WE ACCELERATE THESE PROJECTS BY CREATING VENUES FOR AGENDA SETTING, FACILITATING COLLABORATIONS, AND REMOVING TECHNICAL BOTTLENECKS FROM THE ECOSYSTEM. WE AIM TO MOVE THE FIELD TOWARD A NEW PARADIGM OF AUTOMATION-FIRST LIFE SCIENCE RESEARCH.
PROBABILISTIC PROGRAMMING: THE TEAM STRIVES TO MAKE ADVANCEMENTS IN AI THAT UNDERSTANDS THE WORLD LIKE PEOPLE DO, VIA PROBABILISTIC PROGRAMMING. TO CONTRIBUTE TO THIS MISSION, THE PROBABILISTIC PROGRAMMING TEAM MAKES CONTRIBUTIONS IN THE FORM OF SOFTWARE CODE, PLANNING, AND STRATEGY TO VARIOUS OPEN-SOURCED TECHNOLOGIES, INCLUDING GENJAX AND INFERENCEQL WHICH ARE COMPONENTS OF OPENGEN.
AI FOR SCIENCE: "AI FOR SCIENCE" PROJECT DISCOVERY IS AN INITIATIVE TO IDENTIFY PROJECTS WITHIN THE "AI FOR SCIENCE" SPACE THAT WOULD ACCELERATE PROGRESS AND SERVE THE PUBLIC GOOD. THIS INCLUDES SURFACING DEMAND FOR SPECIFIC DATASETS, SHARED RESOURCES, AND OTHER HIGH-IMPACT OPPORTUNITIES THAT ARE NOT CURRENTLY BEING ADEQUATELY FUNDED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Deming President | OfficerTrustee | 0.5 | $0 |
Jose Luis Ricon Vice President/secretary | OfficerTrustee | 0.5 | $0 |
Anastasia Gamick Treasurer | OfficerTrustee | 1 | $0 |
Martin Borch Jensen Director | Trustee | 0.5 | $0 |
Nicholas Gjokaj Executive Director | Officer | 15 | $56,337 |
Peter Kelly Program Director (from 07/2023) | Officer | 40 | $187,630 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smart Information Flow Technologies Llc Software Development | 12/30/23 | $250,000 |
Velocity Global Llc Research Support | 12/30/23 | $136,806 |
Erika Alden Debenedictis Executive Advisor/research Support | 12/30/23 | $165,095 |
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 | $7,341,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,341,750 |
| Total Program Service Revenue | $4,000 |
| Investment income | $14,318 |
| 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 | $7,361,436 |
| 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. | $250,632 |
| Compensation of current officers, directors, key employees. | $30,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,637 |
| Pension plan accruals and contributions | $11,390 |
| Other employee benefits | $28,091 |
| Payroll taxes | $33,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,024 |
| Fees for services: Accounting | $30,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,076,857 |
| Advertising and promotion | $0 |
| Office expenses | $52,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $128,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,301 |
| All other expenses | $803 |
| Total functional expenses | $1,883,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,266,933 |
| Savings and temporary cash investments | $2,664,263 |
| Pledges and grants receivable | $2,130,000 |
| 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 | $12,500 |
| 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 | $8,073,696 |
| Accounts payable and accrued expenses | $141,455 |
| 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 | $141,455 |
| Net assets without donor restrictions | $367,740 |
| Net assets with donor restrictions | $7,564,501 |
| 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 | $8,073,696 |