The International Science Foundation Inc
- Assets
- $0.0
- Revenue
- $178.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Hayward, WI
- Founding
- 06/2012
- Data as of
- 12/2019
- EIN
- 45-3344646
Organization Overview
The International Science Foundation Inc, operating under the name Institute For Venture Science, is located in Hayward, WI. The organization was established in 2012. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. Institute For Venture 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 12/2019, Institute For Venture Science generated $178.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.9%) each year. All expenses for the organization totaled $561.0k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERNATIONAL SCIENCE FOUNDATION WAS ESTABLISHED TO SUPPORT PROMISING NEW RESEARCH IN THE SCIENCES THAT PLACE A SPOTLIGHT ON INNOVATIVE IDEAS THAT HAVE MET INITIAL SCIENTIFIC INVESTIGATION, BUT LACKED RECOGNITION OR FUNDING TO CONDUCT DEFINITIVE EXPERIMENTATION AND ANALYSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFIRE IS AN EXPERIMENT TO EXPLORE THREE DIMENSIONAL PLASMA BEHAVIOR AND COMPARE THE FINDINGS TO OBSERVE THE OUTER ATMOSPHERE PLASMA BEHAVIOR OF STARS USING LOW PRESSURE CHANGE UNDER VARYING DEGREES AND CONFIGURATIONS OF ELECTRICAL STRESS. SPECIFIC MEASUREMENTS OF THE SAFIRE CHAMBER WILL BE CORRELATED WITH NASA MEASUREMENTS OF OUR SUN. EXAMINING THESE CORRELATIONS WILL HELP FURTHER DETERMINE THE ROLE OF PLASMA, ELECTRICITY AND MAGNETISM IN SOLAR PHYSICS. THE PROGRAM HAS TWO STEPS WITH STEP ONE BEING COMPLETED DURING 2014. STEP TWO WILL DESIGN, FABRICATE AND TEST SAFIRE KEY ATTRIBUTES USING SELECTED EXPERIMENTAL FACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ryder President | Officer | 5 | $0 |
Susan Schirott Secretary - Treasurer | Officer | 20 | $0 |
Gerald Pollack Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,300 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$120,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $178,809 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $138 |
| Office expenses | $77 |
| Information technology | $0 |
| 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 | $1,240 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,638 |
| Insurance | $419 |
| All other expenses | $0 |
| Total functional expenses | $561,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $0 |
| 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 | $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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shared-Use Mobility Center Chicago, IL | $977,790 | $2,103,430 |
The International Science Foundation Inc Hayward, WI | $0 | $178,809 |
Minnesota Academy Of Science St Paul, MN | $257,606 | $448,643 |
One Body Collaboratives Inc Rockford, IL | $9,215 | $0 |
Jackson C Willis Research Fund Tr 1559903 Milwaukee, WI | $351,817 | $36,280 |
Iowa Association Of Family & Consumer Sciences Webster City, IA | $76,469 | $1,879 |
Insurance Studies Institute Minneapolis, MN | $0 | $0 |