North American Regional Science Council Inc
- Assets
- $514.0k
- Revenue
- $131.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 80-0119062
Organization Overview
North American Regional Science Council Inc is located in Reston, VA. The organization was established in 2004. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American Regional Science Council Inc 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, North American Regional Science Council Inc generated $131.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $119.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.6%) 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
TO PROVIDE EDUCATIONAL SERVICES TO AID ADVANCEMENT OF SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED CONFERENCE HELD IN DENVER, CO IN NOVEMBER 2021. 282 PARTICIPANTS ATTENDED THE CONFERENCE.
PROVIDED FELLOWSHIP STIPEND TO TWO GRADUATE STUDENTS FOR SCIENCE RESEARCH. ALSO PROVIDED AWARDS TO NINE GRADUATE STUDENTS FOR OUTSTANDING ACHIEVEMENT IN THE FIELD OF SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Reid Narsc Exec Director-As Of 12/31/2021 | Officer | 1 | $0 |
Kara Kockelman President | Trustee | 1 | $0 |
Haifeng Qian Councilor-At-Large | Trustee | 1 | $0 |
Daoqin Tong Councilor-At-Large | Trustee | 1 | $0 |
Amanda Ross Councilor-At-Large | Trustee | 1 | $0 |
Jason Brown Councilor-At-Large | Trustee | 1 | $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 | $20,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,350 |
| Total Program Service Revenue | $79,778 |
| Investment income | $18,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,136 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,100 |
| 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 | $275 |
| Fees for services: Accounting | $1,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,244 |
| Fees for services: Other | $7,926 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $72,988 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $119,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,319 |
| Savings and temporary cash investments | $136,808 |
| 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 | $348,894 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $514,021 |
| 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 | $165,127 |
| Net assets with donor restrictions | $348,894 |
| 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 | $514,021 |
Endowment Analysis
| Beg. Balance | $319,839 |
| Earnings | $32,540 |
| Admin Expense | $2,244 |
| Net Contributions | $20,350 |
| Grants | $33,650 |
| Ending Balance | $336,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovations For Poverty Action Washington, DC | $30,811,263 | $47,809,311 |
Life Sciences Research Foundation Charlotte, NC | $3,832,665 | $3,418,112 |
William R Kenan Jr Fund For Eng Technology And Science Chapel Hill, NC | $28,890,222 | $1,436,534 |
American Schools Of Oriental Research Alexandria, VA | $6,291,200 | $2,203,920 |
Institute For Southern Studies Inc Durham, NC | $2,316,271 | $478,768 |
Consortium Of Social Science Associations Washington, DC | $825,866 | $659,932 |
Foundation For Chemistry Research And Initiatives Washington, DC | $3,334,871 | $2,190,170 |
Community Cooperative Washington, DC | $370,354 | $723,078 |
International Aloe Science Council Inc Silver Spring, MD | $117,928 | $443,436 |
Korean American Education Foundation Rockville, MD | $1,139,864 | $313,802 |
National Association Of Multicultural Education Washington, DC | $552,073 | $206,348 |
North American Regional Science Council Inc Reston, VA | $514,021 | $131,878 |