Institute For Broadening Participation
- Assets
- $148.6k
- Revenue
- $197.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Damariscotta, ME
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 20-1891162
Organization Overview
Institute For Broadening Participation is located in Damariscotta, ME. The organization was established in 2005. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Institute For Broadening Participation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Broadening Participation 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, Institute For Broadening Participation generated $197.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $153.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.7%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IBP STRIVES TO BROADEN PARTICIPATION AND INCREASE DIVERSITY IN EDUCATION AND RESEARCH IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGEP ALLIANCES CONSIST OF INSTITUTIONS DEDICATED TO SUPPORTING UNDERREPRESENTED MINORITY STUDENTS, WOMEN, AND STUDENTS WITH DISABILITIES TO COMPLETE ADVANCED DEGREES IN THE STEM FIELDS. ALLIANCES PROVIDE A VARIETY OF SUPPORT PROGRAMS INCLUDING RESEARCH SUPPORT, PROFESSIONAL DEVELOPMENT AND MENTORING, AS WELL AS CULTURAL AND SOCIAL ACTIVITIES.
OTHER PROGRAMS: OTHER SIMILAR PROGRAMS AND GRANTS INCLUDING WEB DEVELOPMENT, CREST, AND VU SCI STEPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Turner Board Chair | OfficerTrustee | 1 | $0 |
Beverly Karplus Hartline Director | Trustee | 0.5 | $0 |
Kievan Stassun Director | Trustee | 0.5 | $0 |
Tomalei Vess Treasurer | OfficerTrustee | 0.5 | $0 |
David Siegfried Executive Director | Officer | 26 | $63,579 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $162,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,990 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,086 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $197,090 |
| 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. | $63,579 |
| Compensation of current officers, directors, key employees. | $13,013 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,616 |
| Payroll taxes | $9,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,094 |
| 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 | $746 |
| All other expenses | $0 |
| Total functional expenses | $152,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,493 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $66,437 |
| 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 | $701 |
| 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 | $148,631 |
| 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 | $148,631 |
| 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 | $148,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH | $77,043,564 | $84,820,628 |
Marine Biological Laboratory Woods Hole, MA | $237,578,536 | $59,784,190 |
Convergent Research Inc Cambridge, MA | $85,511,113 | $100,177,078 |
Lab Central Inc Cambridge, MA | $109,041,639 | $24,500,358 |
Bigelow Laboratory For Ocean Sciences East Boothbay, ME | $104,522,449 | $30,523,194 |
Woodwell Climate Research Center Falmouth, MA | $63,122,492 | $47,265,255 |
American Meteorological Society Boston, MA | $26,603,259 | $17,071,958 |
Terc Inc Cambridge, MA | $23,443,599 | $14,924,955 |
Scratch Foundation Boston, MA | $13,703,238 | $15,041,052 |
Mount Desert Island Biological Laboratory Salisbury Cove, ME | $30,472,418 | $11,998,788 |