Physics Factory
- Assets
- $19.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 06/2005
- Data as of
- 12/2020
- EIN
- 20-2894569
Organization Overview
Physics Factory is located in Ithaca, NY. The organization was established in 2005. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, 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. Physics Factory 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 12/2020, Physics Factory generated $17.2k 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 (49.9%) each year. All expenses for the organization totaled $67.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO PROVIDE A FREE PROGRAM TO INCLUDE OUTREACH PROGRAMS STUDENT MENTORING RESOURCES FOR SCIENCE TEACHERS AND VARIOUS OTHER PROGRAMS IN TOMPKINS COUNTY NY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Bayly President | 1 | $0 | |
John Forbes Perkins III Vice President | 1 | $0 | |
Erik Herman Director | 1 | $0 | |
Mike Zecchino Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,061 |
| Total Program Service Revenue | $3,056 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,849 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,303 |
| Other expenses | $35,686 |
| Total expenses | $67,838 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,700 |
| Other assets | $0 |
| Total assets | $19,000 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,000 |