International Foundation For Science
- Assets
- $6.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 09/1975
- Data as of
- 12/2021
- EIN
- 98-0031007
Organization Overview
International Foundation For Science is located in null. The organization was established in 1975. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation For 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, International Foundation For Science generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING - IFS SHALL IDENTIFY, THROUGH A CAREFUL SELECTION PROCESS, PROMISING YOUNG SCIENTISTS FROM DEVELOPING COUNTRIES WITH POTENTIAL TO BECOME FUTURE LEAD SCIENTISTS AND SCIENCE LEADERS. THEY WILL RECEIVE SUPPORT IN THEIR EARLY CAREERS TO PURSUE HIGH QUALITY RESEARCH IN DEVELOPING COUNTRIES ON PROBLEMS RELEVANT TO THE MISSION, WHICH WILL HELP THEM TO BECOME ESTABLISHED AND RECOGNISED NATIONALLY AND INTERNATIONALLY. ADDITIONAL SUPPORTING SERVICES WILL BE PROVIDED TO RESEARCHERS IN SCIENTIFICALLY VULNERABLE INSTITUTIONS AND COUNTRIES.
CAPACITY ENHANCING SUPPORT - WORKSHOPS ARRANGED BY IFS AND ITS COLLABORATING PARTNERS ARE HELD TO ENHANCE SUPPORT IN RESEARCH SKILLS AND KEY SCIENTIFIC ISSUES. RESEARCHERS, TECHNICIANS, INSTITUTIONAL BUYERS, SUPPLIERS, AND POLICY MAKERS ARE BROUGHT TOGETHER TO EXCHANGE KNOW-HOW ON LABORATORY MANAGEMENT AND SCIENTIFIC EQUIPMENT, AND TO DISCUSS STRATEGIES FOR PURCHASING, REPAIR SERVICES, PROVISION OF SPARE PARTS AND CONSULTATIONS. 170 YOUNG SCIENTISTS ATTENDED VIRTUAL IFS WORKSHOPS. NO PHYSICAL WORKSHOPS DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nighisty Ghezae Director | Officer | 38.25 | $127,767 |
Malcolm Beveridge Trustee | Trustee | 1 | $0 |
Patrick Van Damme Trustee, Chair | Trustee | 1 | $0 |
Thammarat Koottatep Trustee, Vice Chair | Trustee | 1 | $0 |
Anders Malmer Trustee | Trustee | 1 | $0 |
Bishnu Raj Upreti Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,626,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,689,859 |
| Total Program Service Revenue | $0 |
| Investment income | $137,491 |
| 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 | $2,829,788 |
| 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 | $1,061,371 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,767 |
| Compensation of current officers, directors, key employees. | $25,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $531,808 |
| Pension plan accruals and contributions | $204,541 |
| Other employee benefits | $16,335 |
| Payroll taxes | $179,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,212 |
| Advertising and promotion | $0 |
| Office expenses | $70,253 |
| Information technology | $55,223 |
| Royalties | $0 |
| Occupancy | $205,643 |
| Travel | $26,277 |
| 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 | $516 |
| Insurance | $3,023 |
| All other expenses | $0 |
| Total functional expenses | $2,669,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,669,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $235,663 |
| 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 | $85,423 |
| Net Land, buildings, and equipment | $8,937 |
| Investments—publicly traded securities | $2,093,677 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,092,847 |
| Accounts payable and accrued expenses | $2,461,819 |
| Grants payable | $443,339 |
| Deferred revenue | $73,922 |
| 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 | $68,063 |
| Total liabilities | $3,047,143 |
| Net assets without donor restrictions | -$831,909 |
| Net assets with donor restrictions | $3,877,613 |
| 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 | $6,092,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bermuda Institute Of Ocean Sciences Bios Inc | $48,144,596 | $11,893,948 |
Nobel Foundation | $446,054,310 | $50,244,739 |
Elife Sciences Publications Ltd | $3,310,633 | $9,338,953 |
Internatinal Council Of Scientific Unions | $7,133,630 | $7,306,740 |
International Foundation For Science | $6,092,847 | $2,829,788 |