State Science And Technology Institute
- Assets
- $793.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Westerville, OH
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 31-1448843
Organization Overview
State Science And Technology Institute is located in Westerville, OH. The organization was established in 2002. 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 12/2021, State Science And Technology Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Science And Technology Institute 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, State Science And Technology Institute generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANUFACTURING EXTENSION PARTNERSHIPS (MEP) COOPERATIVE AGREEMENT TO ENCOURAGE AND IMPROVE GREATER COLLABORATION BETWEEN STATES AND THE FEDERALLY SPONSORED MEP PROGRAMS.
ANNUAL CONFERENCE AND DIALOGUE SERVING OVER 300 PARTICIPANTS, 90% OF WHOM ARE FROM THE PUBLIC SECTOR OR QUASI-GOVERNMENTAL. ANNUAL CONFERENCE TOPIC, TOOLS FOR BUILDING TECH-BASED ECONOMIES SSTI ALSO CONDUCTS MEETINGS WITH ELECTED AND APPOINTED GOVERNMENT OFFICIALS TO PROVIDE UPDATES ON THE TECHNOLOGY-BASED ECONOMIC DEVELOPMENT FIELD INCLUDING BEST PRACTICES. AS PART OF OUR FEDERAL EDUCTION WORK, SSTI SEEKS OPPORTUNITIES TO BRING FEDERAL, STATE, LOCAL, UNIVERSITY AND NON-PROFIT ACTORS TOGETHER TO INCREASE UNDERSTANDING OF ACTIVITIES BEING UNDERTAKEN AND TO EXPLORE METHODS OF IMPROVED COOPERATION AMONG ALL ACTORS.
OTHER PROGRAM SERVICES, SPONSOR/MEMBER BENEFITS, VARIOUS RESEARCH PROJECTS THAT BENEFIT THE TECHNOLOGY BASED ECONOMIC DEVELOPMENT COMMUNITY AS A WHOLE. PUBLICATION OF WEEKLY DIGEST. PUBLICATION DISTRIBUTED TO THE PUBLIC FREE OF CHARGE. READERSHIP OF OVER 10,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel R Berglund President & CEO | OfficerTrustee | 40 | $150,000 |
G Mark Skinner Vice President | Officer | 40 | $134,899 |
Tom Ridge Chairman Of Board | Trustee | 1 | $5,000 |
John Hardin Board Of Trustees | Trustee | 0 | $0 |
Ben Johnson Board Of Trustees | Trustee | 0 | $0 |
Sandra Watson Board Of Trustees | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Van Scoyoc Assoc Federal Information And Education | 12/30/21 | $120,175 |
Center For Reg Econ Competitiveness Research On State Activities | 12/30/21 | $264,109 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $144,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $339,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $767,334 |
| Total Program Service Revenue | $773,820 |
| Investment income | $1,256 |
| 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 | $1,545,406 |
| 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. | $291,170 |
| Compensation of current officers, directors, key employees. | $22,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,717 |
| Pension plan accruals and contributions | $13,062 |
| Other employee benefits | $30,804 |
| Payroll taxes | $52,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,740 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $90,782 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,194 |
| Travel | $1,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $527 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,162 |
| Insurance | $1,513 |
| All other expenses | $2,017 |
| Total functional expenses | $1,416,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45 |
| Savings and temporary cash investments | $732,821 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,900 |
| 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 | $16,679 |
| Net Land, buildings, and equipment | $2,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $793,548 |
| Accounts payable and accrued expenses | $162,746 |
| Grants payable | $0 |
| Deferred revenue | $151,970 |
| 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 | $314,716 |
| Net assets without donor restrictions | $0 |
| 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 | $478,832 |
| Total liabilities and net assets/fund balances | $793,548 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that State Science And Technology Institute has recieved totaling $78,360.
| Awarding Organization | Amount |
|---|---|
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT TO INCREASE GOVERNMENT SUPPORT FOR ENTREPRENEURSHIP BY FACILITATING ENTREPRENEUR-POLICYMAKER EDUCATIONAL OPPORTUNITIES. 202001-7759 | $72,900 |
The University Financing Foundation Inc Marietta, GA PURPOSE: SPONSORSHIP | $5,000 |
The Lemelson Foundation Portland, OR PURPOSE: TO PROVIDE MEMBERSHIP DUES AND OPERATING SUPPORT. | $460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Soybean Alliance Inc Indianapolis, IN | $22,987,497 | $12,342,282 |
West Virginia University Innovation Corporation Morgantown, WV | $2,905,835 | $5,942,099 |
The Ablegamers Foundation Inc Kearneysville, WV | $4,555,344 | $3,634,786 |
State Science And Technology Institute Westerville, OH | $793,548 | $1,545,406 |
Ohio Seed Improvement Association Dublin, OH | $771,474 | $847,652 |
Kentucky Dataseam Initiative Inc Louisville, KY | $783,269 | $732,080 |
Gear Research Institute State College, PA | $2,533,325 | $489,271 |
Future Of Life Institute Narberth, PA | $2,360,211 | $482,479 |
Cacapon Institute Great Cacapon, WV | $352,122 | $425,460 |
Bighorn Basin Paleontological Institute Willow Grove, PA | $668,638 | $878,566 |
Spectroscopy Society Of Pittsburgh Pittsburgh, PA | $9,724,827 | $9,460,573 |
Psychological Clinical Science Accreditation System Inc Bloomington, IN | $1,273,516 | $374,696 |