Iowa Academy Of Science
- Assets
- $335.5k
- Revenue
- $87.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Cedar Falls, IA
- Founding
- 07/1956
- Data as of
- 06/2021
- EIN
- 42-0865989
Organization Overview
Iowa Academy Of Science is located in Cedar Falls, IA. The organization was established in 1956. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Iowa Academy Of Science employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Academy Of 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 06/2021, Iowa Academy Of Science generated $87.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $72.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 6 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
SCIENCE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
IAS-IOWA ACADEMY OF SCIENCE: THE IOWA ACADEMY OF SCIENCE FURTHERS SCIENTIFIC RESEARCH, SCIENCE EDUCATION, THE PUBLIC UNDERSTANDING OF SCIENCE AND RECOGNIZES EXCELLENCE IN THESE ENDEAVORS. THE ACADEMY PUBLISHES THE JOURNAL OF THE IOWA ACADEMY OF SCIENCE, THE IAS BULLETIN NEWSLETTER, SPONSORS THE IOWA JUNIOR ACADEMY OF SCIENCE, CONVENES TWO STATEWIDE CONFERENCES ANNUALLY FOR TEACHERS, SCIENTISTS, AND STUDENTS, AND FACILITATES COMMUNICATION AND COOPERATION BETWEEN MEMBERS OF THE SCIENTIFIC, TECHNOLOGY, ENGINEERING AND MATHEMATICS COMMUNITIES IN THE PUBLIC AND PRIVATE SECTORS. THE ACADEMY PROVIDES PROFESSIONAL DEVELOPMENT PROGRAMS FOR PRE-SERVICE AND IN-SERVICE SCIENCE TEACHERS AND SEEKS TO ENGAGE THE GENERAL PUBLIC THROUGH INFORMAL EDUCTION OPPORTUNITIES. THE ORGANIZATION CURRENTLY HAS APPROXIMATELY 300 PROFESSIONAL, ACADEMIC INSTITUTION, AND CORPORATION MEMBERS.
ISTS-IOWA SCIENCE TEACHING SECTION: THE IOWA SCIENCE TEACHING SECTION (ISTS) ADVOCATES FOR EXCELLENCE IN SCIENCE EDUCATION BY PROMOTING PROFESSIONALISM AND EXPANDING LEARNING OPPORTUNITIES FOR TEACHERS. ISTS HOLDS THE ISTS FALL CONFERENCE ANNUALLY OFFERING PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES FOR 100 TO 125 IOWA SCIENCE TEACHERS. ISTS ENCOURAGES COLLABORATION AMONG TEACHERS AND PUBLISHES THE ISTS NEWSLETTER AND THE ISTS JOURNAL. ISTS IS THE EQUIVALENT OF A STATE SCIENCE TEACHER ORGANIZATION AND BENEFITS FROM BEING PART OF IOWA'S GENERAL SCIENCE ACADEMY.
IJAS-IOWA JUNIOR ACADEMY OF SCIENCE: THE IOWA JUNIOR ACADEMY OF SCIENCE PROMOTES THE STUDY OF AND PARTICIPATION IN SCIENCE BY ELEMENTARY AND SECONDARY STUDENTS AND TEACHERS. THE JUNIOR ACADEMY PROVIDES MENTORING OPPORTUNITIES FOR STUDENTS DOING SCIENCE RESEARCH, ENCOURAGES STUDENT RESEARCH, ORAL AND WRITTEN COMMUNICATION SKILLS, AND PROVIDES SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS EXPERIENCES FOR STUDENTS. IT ALSO ASSISTS TEACHERS WHO SUPERVISE STUDENT RESEARCH PROJECTS. MEMBERS OF THE ACADEMY VOLUNTEER TO EVALUATE STUDENT PROJECTS AND PRESENTATIONS. IT AWARDS EXCELLENCE IN STUDENT ACHIEVEMENT. THE IAS VISITING SCIENTIST IS AVAILABLE FOR MEMBER SCHOOLS.
WET: WATER EDUCATION FOR TEACHERS-AN INTERDISCIPLINARY WATER EDUCATION PROGRAM INTENDED TO SUPPLEMENT A SCHOOL'S EXISTING CURICULUM. TEACHING AIDS AND WORKSHOPS ISF: GRANT PROGRAM IN THE AREA OF SCIENCE AND SCIENCE EDUCATION. APROX. 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Johnson Ias Exec Dir | Officer | 15 | $2,833 |
Joseph Nguyen President | OfficerTrustee | 0.5 | $0 |
Kata Mccarville Past Preside | OfficerTrustee | 0.5 | $0 |
John Dawson Board Member | Trustee | 0.5 | $0 |
Cathryn Carney Board Member | Trustee | 0.5 | $0 |
Joseph A Tiffany Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,903 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,284 |
| Total Program Service Revenue | $1,541 |
| Investment income | $3,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,400 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| 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. | $2,833 |
| Compensation of current officers, directors, key employees. | $1,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100 |
| Fees for services: Other | $275 |
| Advertising and promotion | $0 |
| Office expenses | $3,202 |
| Information technology | $4,264 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,371 |
| All other expenses | $125 |
| Total functional expenses | $72,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,894 |
| Savings and temporary cash investments | $15,592 |
| Pledges and grants receivable | $0 |
| 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 | $4,685 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $276,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $335,471 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $46,275 |
| 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 | $21,335 |
| Total liabilities | $67,610 |
| Net assets without donor restrictions | $49,281 |
| Net assets with donor restrictions | $218,580 |
| 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 | $335,471 |
Grants Awarded
Over the last fiscal year, Iowa Academy Of Science has awarded $23,288 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA | | | $8,627 |
Waverly, IA | | $7,732 |
Dubuque, IA | | $6,929 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iowa Academy Of Science has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Center Of Iowa Des Moines, IA | $41,082,841 | $6,707,633 |
Chicago Academy Of Sciences Chicago, IL | $19,110,574 | $7,149,259 |
Strategic Air Command & Aerospace Museum Ashland, NE | $15,128,012 | $3,213,097 |
The Bakken Minneapolis, MN | $18,952,079 | $3,559,715 |
Wisconsin Agricultural Education Center Inc Manitowoc, WI | $11,673,876 | $384,322 |
Wood Library-Museum Of Anesthesiology Schaumburg, IL | $13,983,152 | $1,032,421 |
Beller Museum Westmont, IL | $72,757 | $0 |
Homewood Science Center Homewood, IL | $444,098 | $145,048 |
Iowa Academy Of Science Cedar Falls, IA | $335,471 | $87,693 |
Chippewa Falls Museum Of Industry & Technology Inc Chippewa Falls, WI | $1,040,254 | $178,539 |
Great Lakes Aerospace Science And Education Center Inc Sheboygan, WI | $27,135 | $0 |
Charles E Gagnon Museum And Sculpture Garden Inc Rochester, MN | $380,752 | $88,320 |