New Science Research Inc
- Assets
- $933.1k
- Revenue
- $793.4k
- Investments
- $0.0
- Employees
- 5
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-1682051
Organization Overview
New Science Research Inc is located in San Francisco, CA. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, New Science Research Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Science Research 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 12/2022, New Science Research Inc generated $793.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (29.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE SCIENTIFIC BREAKTHROUGHS BY EMPOWERING THE NEXT GENERATION OF SCIENTISTS AND BUILDING THE 21ST CENTURY INSTITUTIONS OF BASIC SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE-YEAR FELLOWSHIPS: NEW SCIENCE PROVIDED 12-MONTH FELLOWSHIPS FOR TALENTED YOUNG SCIENTISTS TO PURSUE AMBITIOUS, EARLY-STAGE IDEAS IN THE BASIC LIFE SCIENCES. EACH FELLOW RECEIVED A STIPEND, PROJECT FUNDING, HEALTHCARE COVERAGE, ACCESS TO NEW SCIENCE'S NETWORK OF SCIENTISTS, AND CUSTOMIZED SUPPORT. THE GOAL WAS TO GIVE FELLOWS MAXIMAL LEVERAGE TO ADVANCE HIGH-POTENTIAL, PRE-PARADIGMATIC RESEARCH.SUMMER FELLOWSHIPS: NEW SCIENCE PROVIDED A FULLY-FUNDED SUMMER RESEARCH FELLOWSHIP FOR YOUNG SCIENTISTS TO PURSUE PROOF-OF-CONCEPT RESEARCH PROJECTS BASED ON EARLY-STAGE IDEAS THAT WOULD BE DIFFICULT TO FUND THROUGH TRADITIONAL GRANTS. IN 2022, THERE WERE 6 FELLOWS WHO WORKED ON PROJECTS RANGING FROM RECREATING FUNCTIONAL CHLOROPLASTS TO DEVELOPING THERAPEUTICS FOR SARS VIRUSES. THE GOAL WAS TO GIVE FELLOWS INDEPENDENCE TO EXPAND THEIR RESEARCH AMBITIONS AND LEARN ABOUT ALTERNATIVE RESEARCH STRUCTURES.
PUBLISHED METASCIENCE RESEARCHA. IN 2022, NEW SCIENCE PUBLISHED A METASCIENCE RESEARCH REPORT, "NEW SCIENCE'S REPORT ON THE NIH" WRITTEN BY MATT FAHERTY TO UNDERSTAND THEIR OPERATIONS, INCENTIVES, AND IMPACT ON SCIENTIFIC PROGRESS. THE EXTENSIVE REPORT EXAMINED ISSUES WITH THE NIH EXTRAMURAL GRANT PROCESS, STUDY SELECTIONS, FUNDING ALLOCATION, POLITICAL INFLUENCES, AND PROPOSED REFORMS. THE GOAL WAS TO ACCELERATE SCIENTIFIC PROGRESS THROUGH INSTITUTIONAL ANALYSIS AND CRITIQUE. B. ELLIOT HERSHBERG WROTE AN ANALYSIS TITLED, "HOW SOFTWARE IN THE LIFE SCIENCES ACTUALLY WORKS (AND DOESN'T WORK)" THAT WAS PUBLISHED BY NEW SCIENCE IN 2022 EXAMINING HOW SOFTWARE IS DEVELOPED AND FUNDED IN THE LIFE SCIENCES. HE FOUND THAT MOST LIFE SCIENCES SOFTWARE IS DEVELOPED BY ACADEMIC LABS, SUFFERS FROM LACK OF FUNDING AND INCENTIVES FOR MAINTENANCE, AND RESULTS IN A LARGE NUMBER OF UNUSABLE TOOLS. HE PROPOSED NEW FUNDING MODELS LIKE FOCUSED RESEARCH ORGANIZATIONS AND PRIVATE ARPAS TO ENABLE TEAMS OF PROFESSIONAL ENGINEERS TO BUILD HIGHER-QUALITY SYSTEMS. THE GOAL WAS TO HIGHLIGHT CHALLENGES IN THE CURRENT ECOSYSTEM AND EXPLORE ALTERNATIVE STRUCTURES TO IMPROVE BIOLOGICAL SOFTWARE.
ORGANIZATIONAL SUPPORT FOR RESEARCH FELLOWSHIPS AND OTHER ACTIVITIES, IN-HOUSE RESEARCH, ETC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexey Guzey President | OfficerTrustee | 40 | $108,979 |
Mark Lutter Treasurer | OfficerTrustee | 2 | $0 |
Adam Marblestone Clerk | OfficerTrustee | 2 | $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 | $1,325,938 |
| Noncash contributions included in lines 1a–1f | $745,583 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,325,938 |
| 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 | -$532,537 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $793,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $529,565 |
| Grants and other assistance to domestic individuals. | $47,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,980 |
| Compensation of current officers, directors, key employees. | $32,887 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,657 |
| Payroll taxes | $26,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,003 |
| Fees for services: Accounting | $13,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,971 |
| Advertising and promotion | $453 |
| Office expenses | $12,214 |
| Information technology | $11,257 |
| Royalties | $0 |
| Occupancy | $51,778 |
| Travel | $40,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150 |
| Insurance | $7,736 |
| All other expenses | $1,202 |
| Total functional expenses | $1,240,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $919,843 |
| 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 | $3,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,997 |
| Other assets | $0 |
| Total assets | $933,112 |
| 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 | $933,112 |
| 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 | $933,112 |
Grants Awarded
Over the last fiscal year, New Science Research Inc has awarded $529,565 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRAOD INSTITUTE PURPOSE: RESEARCH FELLOWSHIP | $16,500 |
ARC RESEARCH INSTITUTE PURPOSE: RESEARCH FELLOWSHIP | $100,000 |
HARVARD MANAGEMENT COMPANY PURPOSE: RESEARCH FELLOWSHIP | $36,300 |
REGENTS OF UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: RESEARCH FELLOWSHIP | $36,465 |
STANFORD UNIVERSITY PURPOSE: RESEARCH FELLOWSHIP | $141,000 |
CHILDREN'S HOSPITAL CORPORATION PURPOSE: RESEARCH FELLOWSHIPS | $69,300 |