A wholly owned subsidiary of the institute of physics. The institute is a leading scientific society promoting physics IT works to advance physics research and education.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$937K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.2M a year · 23% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$937K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$323K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 4 voting members
Worth a look: 1 of 4 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
-5% vs prior year
Spent
$5.4M
To programs
93%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$5.3M
FY2024▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.7M
FY2021$5.0M
FY2022$5.1M
FY2023$5.6M
FY2024$5.3M
Expenses
$5.4M
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.1M
FY2021$5.7M
FY2022$5.1M
FY2023$5.5M
FY2024$5.4M
Net assets
$1.3M
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$921K
FY2021$1.3M
FY2022$1.3M
FY2023$1.4M
FY2024$1.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $5.0M Management & general 7% · $351K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $937K paid to officers and key staff.

Part VII, Section A · reportable compensation
VP, Marketing (ended 03/24)
$244,383Pt VII · Sec A
Sales Executive
$153,083Pt VII · Sec A
Senior Sales Manager
$152,836Pt VII · Sec A
Regional Sales Manager
$140,970Pt VII · Sec A
Ebooks Commissioning Editor
$123,528Pt VII · Sec A
Senior Publisher
$122,575Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ms Sharice Collins’s $244K as VP, Marketing (ended 03/24) is at the 75th percentile of top reported officer pay among 363 $1–10M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Mr Chris Manriquez——$167,457$266,923$190,581
Ms Sharice Collins$244,383$189,000$213,750$193,320—
Mr Sharice Collins————$182,280
Mr Gregory Schraft$153,083$109,343$142,661$144,864$141,203
Mr Benjamin Reisman$152,836$108,040$114,523$124,164—
Mr Rob Bernstein————$150,797
Mr Mark Sauter————$146,088
Mr Robert Bernier$140,970————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advances physics research and education through scientific society initiatives.

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Provided by the organization

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1 program · $5.0M · in their own filed words · FY2024
01

It is the mission of the organization to promote physics and physics education worldwide. Iopp, inc. Provides support for the publishing activities. Iop publishes more than 100 journals and magazines, some owned by iop and others published in partnership with other prestigious societies and research organizations.

$5.0Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Fees for servicesLn 2g$5.3M
Money outPt IX
$5.4M
Ln 25
Programscol B$5.0M
Managementcol C$351K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$416K
Total assetsLn 16$1.7M
LiabilitiesLn 26$323K
PeoplePt VI, VII
11
listed · VII A
PaidVII A6
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.3M
Gains on assetsLn 7−$16K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$416K
Cash and savings togetherLn 1–2$416K
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$323K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 534
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$219K$416K
Land, buildings, equipmentLn 10c$68K$16K
Total assetsLn 16$1.9M$1.7M
LiabilitiesLn 26$557K$323K
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$745K$745K
Pay of current officers, directors and key staffLn 5$1.7M$1.7M
Other salaries and wagesLn 7$1.0M$875K$155K
Pension plan contributionsLn 8$137K$126K$12K
Other employee benefitsLn 9$463K$422K$41K
Payroll taxesLn 10$219K$207K$12K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$50K$50K
Advertising and promotionLn 12$82K$82K
Office expensesLn 13$94K$38K$56K
Information technologyLn 14$18K$18K
OccupancyLn 16$114K$114K
TravelLn 17$191K$191K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$37K$37K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$432K$432K
Total functional expensesLn 25$5.4M$5.0M$351K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.3M$5.4M−$51K$1.3M 990 PDF
FY2023 $5.6M$5.5M$58K$1.4M 990 PDF
FY2022 $5.1M$5.1M−$3K$1.3M 990 PDF
FY2021 $5.0M$5.7M−$660K$1.3M 990 PDF
FY2020 $5.7M$11.1M−$5.5M$921K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $5,308,729 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $5,561,458$5,324,837
I-10 Investment incomePrior year $0−$16,108
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,561,458$5,308,729
I-13 Grants and similar amounts paidPrior year $688,999$745,447
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,770,969$3,563,848
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,043,964$1,050,729
I-18 Total expensesPrior year $5,503,932$5,360,024
I-19 Revenue less expensesPrior year $57,526−$51,295
Part VI · Governance 1 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,308,729 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,324,837$5,324,837
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$16,108−$16,108
VIII-12 Total revenueRelated to mission $5,324,837 · Unrelated business $0 · Excluded from tax −$16,108$5,308,729
Part IX · Statement of functional expenses $5,360,024 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $745,447$745,447
IX-5 Pay of current officers, directors and key staffPrograms $1,713,438$1,713,438
IX-7 Other salaries and wagesPrograms $875,348 · Management $155,485$1,030,833
IX-8 Pension plan contributionsPrograms $125,587 · Management $11,661$137,248
IX-9 Other employee benefitsPrograms $422,448 · Management $40,760$463,208
IX-10 Payroll taxesPrograms $207,076 · Management $12,045$219,121
IX-11b Legal feesManagement $9,827$9,827
IX-11c Accounting feesManagement $50,373$50,373
IX-12 Advertising and promotionPrograms $82,232$82,232
IX-13 Office expensesPrograms $37,852 · Management $55,738$93,590
IX-14 Information technologyPrograms $18,142$18,142
IX-16 OccupancyPrograms $114,131$114,131
IX-17 TravelPrograms $191,115$191,115
IX-19 Conferences, conventions and meetingsPrograms $7,267$7,267
IX-22 Depreciation, depletion and amortizationPrograms $36,777$36,777
IX-23 InsuranceManagement $15,426$15,426
IX-24 Other expenses (24a–d)Programs $431,849$431,849
IX-25 Total functional expensesPrograms $5,008,709 · Management $351,315 · Fundraising $0$5,360,024
Part X · Balance sheet $1,661,584 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $219,115$415,597
X-9 Prepaid expenses and deferred chargesStart of year $84,298$54,119
X-10c Land, buildings and equipment, netStart of year $67,691$16,275
X-15 Other assetsStart of year $1,554,376$1,175,593
X-16 Total assetsStart of year $1,925,480$1,661,584
X-25 Other liabilitiesStart of year $123,628$323,333
X-26 Total liabilitiesStart of year $557,043$323,333
X-32 Total net assets or fund balancesStart of year $1,368,437$1,338,251
X-33 Total liabilities and net assetsStart of year $1,925,480$1,661,584
Part XI · Reconciliation of net assets $1,338,251 net assets at year end
XI-1 Total revenue$5,308,729
XI-2 Total expenses$5,360,024
XI-3 Revenue less expenses−$51,295
XI-4 Net assets at start of year$1,368,437
XI-9 Other changes in net assets$21,109
XI-10 Net assets at end of year$1,338,251

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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