Ispace INC EIN 31-1767871

Ispace INC FY2020 filing

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Ignites passion for science and technology, preparing learners for future careers. For fiscal year 2020 it reported $499K in revenue, $501K in expenses, and $120K in net assets.Pt I

Founded
2001
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Evendale, OH
Website
www.ispacestem.org
Filings
5 on file (2020–2020)
Revenue
$499KFY2020
Expenses
$501K
Net assets
$120K
People
22
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-1767871 Public charity (501(c)(3)) Evendale, OH Founded 2001
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Ignites passion for science and technology, preparing learners for future careers.
Leadership
Sue Williams · Executive Di · $72K
Money in and out
$499K revenue, $501K expenses
Bottom line
77% program efficiency
Where the money goes · FY2020
Total revenue
$499K
Pt VIII · Ln 12
Total expenses
$501K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.17 Fundraising $0.06
Program efficiency
77%
of spending reaches programs
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-0.4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$499K
FY2020
Expenses
$501K
FY2020
Total assets
$366K
FY2020
Total liabilities
$245K
FY2020
Total revenue
$499K
Pt VIII · Ln 12
Total expenses
$501K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$366K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

3 program services account for $338K of program spending, described in the organization's own filed words · FY2019.
01

Class Programs

A wide variety of programs for children, youth, adults, families, scouts, schools and corporations - at the ispace facility or through outreach to schools and communities. These are exciting, hands-on stem learning experiences directed by professional educators, from training and delivery of stem content (and teacher training) to…

$245Kprogram expense
02

Summer Camps

A wide variety of week long camps for children in grades k through 12, providing fun, hands on stem learning experiences in a professionally-staffed environment, all well beyond the classroom. Camps involve technology, robotics, engineering and EARTH/SPACE sciences.

$78Kprogram expense
03

New Programs

A project to ensure ispace stays on cutting edge of stem. New program and camp development along with current program enhancements that incorporate best practices and latest research in stem education.

$15Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIspace INC
EINHdr · item D31-1767871
Principal addressHdr · item CEvendale, OH
WebsiteHdr · item Jwww.ispacestem.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A57)
Ruling yearIRS BMFJun 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Di
$72,300Pt VII · Sec A
Executive Di
$45,450Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sue Hare’s $73K as Executive Director is at the 13th percentile of top reported officer pay among 3916 $1–10M arts & culture 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sue Hare$73,269$72,500$72,500$67,692$41,073$45,450
Sue Williams$72,300
Beth Taylor$51,150$49,550$46,800

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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Statement of Revenue

Part VIII
Contributions & grants$350K · 70%
Program service revenue$159K · 32%
Contributions & grants70%$350K
Program service revenue32%$159K
— government grantsLn 1e$10K
Total revenueLn 12$499K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.17 Fundraising $0.06
Program services77%$386K
Management & general17%$85K
Fundraising6%$29K
Total functional expensesLn 25$501K

Balance Sheet

Part X · end of year
CashLn 1$299K
Total assetsLn 16$366K
Total liabilitiesLn 26$245K
Total net assetsLn 32$120K
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $299K · Operating expenses (Pt IX) $501K · Less non-cash grants $16K · Cash operating expenses/yr $485K
7.4 months
Where the money goes
Program services
Program services $386K · Total expenses $501K
77%
Management & General
Management & general $85K · Total expenses $501K
17%
Fundraising
Fundraising $29K · Total expenses $501K
6%
Cost to raise $1
Fundraising expense $29K · Solicited contributions $340K
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $350K · Total revenue $499K
70%
Government reliance
Government grants $10K · Total revenue $499K
2%
Earned-income share
Program service revenue $159K · Total revenue $499K
32%
Investment reliance
Investment income $-4K · Total revenue $499K
-0.7%
Program self-sufficiency
Program service revenue $159K · Total expenses $501K
32%
Growth & trend
Revenue growth (YoY)
This year $499K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $120K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $499K · Expenses $501K
-0.4%
Liabilities-to-Assets
Total liabilities — · Total assets $366K
Net-asset ratio
Net assets $120K · Total assets $366K
33%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $209 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $366K
0.06%
People & payroll
Highest Reported Total Compensation
Individual Sue Williams · Reported title EXECUTIVE DI · Highest reported compensation $72K · Total expenses $501K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $341K · Total expenses $501K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 17%
Fundraising cost ratio 8%
Accounting fee ratio 6%

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 · funders on record
Grants received · FY2024
See all 13 funders →

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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
FY2024$761K revenue · ⤓ 990 PDF
FY2023$686K revenue · ⤓ 990 PDF
FY2022$717K revenue · ⤓ 990 PDF
FY2021$595K revenue · ⤓ 990 PDF
FY2020$499K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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