World Science Foundation FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 2006Science & TechnologyEIN 43-2095418

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The World Science festival is a multimedia organization producing original content straddling Science, the arts, journalism and education. Founded in 2008, wsf is viewed by many as the premier platform bringing the most transformative ideas at the forefront of discovery to mainstream audiences. With formats spanning innovative works of theatre, film, dance and music, immersive live and virtual experiences, as well as riveting discussions and debates, wsf is lauded globally for its groundbreaking live and digital content featuring World renowned scientists, artists and intellectuals, shifting Science to the cultural center. Based in new york city, wsf is distinctive in its commitment to the highest of editorial standards and production excellence, providing worldwide audiences an exciting and impactful view of the near and far future.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$585K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $1.4M a year · 22% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$585K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.9M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$651K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
Spent
$4.3M
To programs
77%
Net assets
$9.0M
By yearFY2020–FY2024
Revenue
$4.7M
FY2020
Revenue by fiscal year
FY2020$4.7M
FY2021$7.5M
FY2022$9.2M
FY2023$4.5M
FY2024$4.5M
FY2024$8.0M
Expenses
$4.3M
FY2020
Expenses by fiscal year
FY2020$4.3M
FY2021$3.8M
FY2022$4.6M
FY2023$5.6M
FY2024$5.3M
FY2024$3.8M
Net assets
$9.0M
FY2020
Net assets by fiscal year
FY2020$9.0M
FY2021$12.7M
FY2022$17.3M
FY2023$16.5M
FY2024$15.8M
FY2024$18.0M

From the FY2020 Form 990 (year ending September 2020) · 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 May 2006.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $3.3M Management & general 17% · $740K Fundraising 5% · $231K

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

8 people listed on the 990; $585K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
CEO/Secretary
$215,000Pt VII · Sec A
Dir. of Ed. Strat
$167,929Pt VII · Sec A
Dir., Live Events
$132,498Pt VII · Sec A
President&treas
$69,120Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tracy Day’s $236K as CEO/Secretary is at the 73rd 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Tracy Day$236,500$236,500$236,500———
Tracy Day———$228,231$215,000$215,000
Gillian Small$223,960$223,960$214,946———
Derek Breuer$169,667$169,667————
Mark German————$126,593$167,929
Stanley Kroder——$157,318———
Stanley Kroder———$153,596$151,759—
Brendan Hermes$150,577$150,577————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates the public about science, inspiring wonder and engagement with its future implications.

Provided by the organization

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1 program service account for $3.3M of program spending, described in the organization's own filed words · FY2019.
01

The festival creates novel, creative, and artfully produced programs and interdisciplinary events. From compelling presentations of cutting-edge scientific research and captivating hands-on demonstrations for kids, to works in theatre, film and the arts inspired by science, the festival dramatically raises the profile of science.

$3.3Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 1 grant · $7K · 2024–2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$4.3M
Fees for servicesLn 2g$363K
Other incomeLn 4–11$4K
Money outPt IX
$4.3M
Ln 25
Programscol B$3.3M
Managementcol C$740K
Fundraisingcol D$231K
Owns and owesPt X
$9.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$9.7M
LiabilitiesLn 26$651K
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Government grantsLn 1e$19K
Fees for servicesLn 2g$363K
Investment incomeLn 3$2K
Other incomeLn 4–11$4K
Gains on assetsLn 7$0
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$58K
SavingsLn 2$5.7M
Cash and savings togetherLn 1–2$5.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$498K
Other assetsLn 15$27K
Total assetsLn 16$9.7M
LiabilitiesLn 26$651K
Net assetsLn 32$9.0M
OperationsPt I, VI
EmployeesI 537
VolunteersI 65
Fiscal year endsHeaderSeptember
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 FY20End FY20
Cash and savingsLn 1–2$4.1M$5.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$566K$498K
Total assetsLn 16$9.0M$9.7M
LiabilitiesLn 26$316K$651K
Net assetsLn 32$8.7M$9.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$322K$140K$129K$54K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.5M$1.1M$262K$102K
Pension plan contributionsLn 8$2K$1K$408$159
Other employee benefitsLn 9$174K$131K$33K$10K
Payroll taxesLn 10$157K$110K$33K$13K
Management feesLn 11a$0
Legal feesLn 11b$45K$45K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1.2M$1.1M$49K$8K
Advertising and promotionLn 12$86K$74K$2K$10K
Office expensesLn 13$147K$50K$93K$4K
Information technologyLn 14$117K$111K$5K$2K
RoyaltiesLn 15$0
OccupancyLn 16$200K$141K$43K$17K
TravelLn 17$37K$28K$9K$136
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$111K$78K$23K$9K
InsuranceLn 23$20K$14K$4K$2K
Other expenses (24a–d)Ln 24$186K$176K$10K
All other expensesLn 24e$0
Total functional expensesLn 25$4.3M$3.3M$740K$231K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $4.5M$5.3M−$794K$15.8M 990 PDF
FY2023 $4.5M$5.6M−$1.1M$16.5M 990 PDF
FY2022 $9.2M$4.6M$4.6M$17.3M 990 PDF
FY2021 $7.5M$3.8M$3.7M$12.7M 990 PDF
FY2020 Viewing $4.7M$4.3M$355K$9.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $4,665,930 across 11 lines filed
VIII-1e Government grants$18,860
VIII-1f All other contributions, gifts and grants$4,278,300
VIII-1h Total contributions, gifts and grants$4,297,160
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $362,538$362,538
VIII-3 Investment incomeExcluded from tax $1,769$1,769
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,463$4,463
VIII-12 Total revenueRelated to mission $362,538 · Excluded from tax $6,232$4,665,930
Part IX · Statement of functional expenses $4,310,664 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $139,506 · Management $128,675 · Fundraising $53,506$321,687
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,135,376 · Management $261,702 · Fundraising $101,994$1,499,072
IX-8 Pension plan contributionsPrograms $1,355 · Management $408 · Fundraising $159$1,922
IX-9 Other employee benefitsPrograms $131,147 · Management $32,750 · Fundraising $9,663$173,560
IX-10 Payroll taxesPrograms $110,420 · Management $33,229 · Fundraising $12,970$156,619
IX-11a Management fees$0
IX-11b Legal feesManagement $44,908$44,908
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,149,038 · Management $48,666 · Fundraising $8,135$1,205,839
IX-12 Advertising and promotionPrograms $74,427 · Management $2,183 · Fundraising $9,834$86,444
IX-13 Office expensesPrograms $50,008 · Management $93,422 · Fundraising $3,772$147,202
IX-14 Information technologyPrograms $111,189 · Management $4,511 · Fundraising $1,761$117,461
IX-15 Royalties$0
IX-16 OccupancyPrograms $141,271 · Management $42,512 · Fundraising $16,595$200,378
IX-17 TravelPrograms $27,925 · Management $8,774 · Fundraising $136$36,835
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsFundraising $1,575$1,575
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $77,950 · Management $23,457 · Fundraising $9,157$110,564
IX-23 InsurancePrograms $14,341 · Management $4,315 · Fundraising $1,685$20,341
IX-24 Other expenses (24a–d)Programs $175,969 · Management $10,288$186,257
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $3,339,922 · Management $739,800 · Fundraising $230,942$4,310,664
Part X · Balance sheet $9,692,360 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $497,421$57,755
X-2 Savings and temporary cash investmentsStart of year $3,626,844$5,680,284
X-3 Pledges and grants receivableStart of year $4,184,875$3,355,878
X-4 Accounts receivableStart of year $98,632$68,383
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$4,470
X-10c Land, buildings and equipment, netStart of year $566,188$498,212
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $27,378$27,378
X-16 Total assetsStart of year $9,001,338$9,692,360
X-17 Accounts payable and accrued expensesStart of year $315,668$268,924
X-24 Unsecured notes and loans payable$382,500
X-26 Total liabilitiesStart of year $315,668$651,424
X-27 Net assets without donor restrictionsStart of year $3,550,761$4,049,788
X-28 Net assets with donor restrictionsStart of year $5,134,909$4,991,148
X-32 Total net assets or fund balancesStart of year $8,685,670$9,040,936
X-33 Total liabilities and net assetsStart of year $9,001,338$9,692,360
Part XI · Reconciliation of net assets $9,040,936 net assets at year end
XI-1 Total revenue$4,665,930
XI-2 Total expenses$4,310,664
XI-3 Revenue less expenses$355,266
XI-4 Net assets at start of year$8,685,670
XI-10 Net assets at end of year$9,040,936

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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