Incose Foundation EIN 20-1692992 Form 990 (PDF) Claim this org

Incose Foundation FY2022 filing

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Awards scholarships to advance systems engineering development. For fiscal year 2022 it reported $28K in revenue, $35K in expenses, and $331K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Playa Vista, CA
Website
www.incose.org
Filings
6 on file (2020–2022)
Revenue
$28KFY2022
Expenses
$35K
Net assets
$331K
People
12
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-1692992 Public charity (501(c)(3)) Playa Vista, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Awards scholarships to advance systems engineering development.
Leadership
James Armstrong · Treasurer
Money in and out
$28K revenue, $35K expenses
Bottom line
62% program efficiency
Where the money goes · FY2022
Total revenue
$28K
Pt VIII · Ln 12
Total expenses
$35K
Pt IX · Ln 25
Net assets
$331K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Program efficiency
62%
of spending reaches programs
Operating runway
114.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$28K
FY2022▼ -70%
Expenses
$35K
FY2022▼ -14%
Total assets
$331K
FY2022▼ -8%
Total liabilities
$0
FY2022
Total revenue
$28K
Pt VIII · Ln 12
Total expenses
$35K
Pt IX · Ln 25
Net assets
$331K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$331K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $22K of program spending, described in the organization's own filed words · FY2022.
01

Advancing the development and image of systems' engineering through funded scholarships, research, and international forums.

$22Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIncose Foundation
EINHdr · item D20-1692992
Principal addressHdr · item CPlaya Vista, CA
WebsiteHdr · item Jwww.incose.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFSep 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants152%$43K
Total revenueLn 12$28K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$22K
Management & general38%$13K
Total functional expensesLn 25$35K

Balance Sheet

Part X · end of year
CashLn 1$104K
Total assetsLn 16$331K
Total liabilitiesLn 26$0
Total net assetsLn 32$331K
Months of cash on handcomputed36.1

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $331K · Operating expenses/yr $35K
114.6 months
Where the money goes
Program services
Program services $22K · Total expenses $35K
62%
Management & General
Management & general $13K · Total expenses $35K
38%
Fundraising
Fundraising $0 · Total expenses $35K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $610 · Solicited contributions (3-yr avg) $45K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $43K · Total revenue $28K
152%
Government reliance
Government grants — · Total revenue $28K
Earned-income share
Program service revenue $0 · Total revenue $28K
0%
Investment reliance
Investment income $-15K · Total revenue $28K
-52%
Program self-sufficiency
Program service revenue $0 · Total expenses $35K
0%
Growth & trend
Revenue growth (YoY)
This year $28K · Prior year $92K
-70%
Net-asset trend (YoY)
End of year $331K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $28K · Expenses $35K
-24%
Liabilities-to-Assets
Total liabilities — · Total assets $331K
Net-asset ratio
Net assets $331K · Total assets $331K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $227K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $331K
68%
People & payroll
Highest Reported Total Compensation
Individual James Armstrong · Reported title TREASURER · Highest reported compensation $0 · Total expenses $35K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $35K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0%
Revenue growth -70%
Investment management fee ratio 1%
Legal fee ratio 2%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 6 grants · $56K · 2020–2024
Unitemized GrantFY2024$13,500
Unitemized GrantFY2023$17,640
Unitemized GrantFY2023$3,382
Unitemized GrantFY2021$8,754
Unitemized GrantFY2020$11,005
Unitemized GrantFY2020$1,754

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$23K revenue · ⤓ 990 PDF
FY2024$78K revenue · ⤓ 990 PDF
FY2023$68K revenue · ⤓ 990 PDF
FY2022$28K revenue · viewing · ⤓ 990 PDF
FY2021$92K revenue · ⤓ 990 PDF
FY2020$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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