Interacademy Partnership INC FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Science & TechnologyEIN 81-2774070Revenue $112K in FY2023

On file with the IRSinteracademies.org500 5th Street Nw, 20001-2736 · Washington, DCTax-exempt since Apr 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Support the role of science in seeking solutions to address the world's challenges.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$160K 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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FY2023 · 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
2 of 4
filings with a surplus
Average surplus $201K a year · 27% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$160K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $136K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$32K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$112K
-94% vs prior year
Spent
$686K
To programs
61%
Net assets
$938K
By yearFY2020–FY2024
Revenue
$112K
FY2023▼ -94%
Tap a bar for its year
Revenue by fiscal year
FY2020$847K
FY2021$65K
FY2022$1.8M
FY2023$112K
FY2024$215K
Expenses
$686K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$199K
FY2021Not on file
FY2022$710K
FY2023$686K
FY2024$586K
Net assets
$938K
FY2023▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2020$752K
FY2021$411K
FY2022$1.5M
FY2023$938K
FY2024$592K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $415K Management & general 39% · $270K

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; $160K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$159,844Pt VII · Sec A
Board Member & Co-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member & Co-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Dr Ourania Kosti’s $87K as Executive Director is at the 60th percentile of top reported officer pay among 312 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023
Dr Ourania Kosti$86,528$159,844

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.

See Interacademy Partnership INC executive salaries →

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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 15aNo

Programs and updates

Promotes science to solve global challenges.

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Provided by the organization

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1 program · $415K · in their own filed words · FY2023
01

Iap works to support the special role of science and its efforts to seek solutions to address the world's most challenging problems. Iap harnesses the expertise of the world's scientific, medical and engineering leaders to advance sound policies, improve public health, promote excellence in science education, and achieve other critical…

$415Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$136K
See all 4 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$112K
Ln 12
Gifts and grantsLn 1h$112K
Investment incomeLn 3$344
Money outPt IX
$686K
Ln 25
Programscol B$415K
Managementcol C$270K
Owns and owesPt X
$938K
net assets · Ln 32
Cash and savingsLn 1–2$296K
Total assetsLn 16$970K
LiabilitiesLn 26$32K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Government grantsLn 1e$112K
Investment incomeLn 3$344
Total revenueLn 12$112K
Assets in detailPt X, end of year
SavingsLn 2$296K
Cash and savings togetherLn 1–2$296K
Other assetsLn 15$2K
Total assetsLn 16$970K
LiabilitiesLn 26$32K
Net assetsLn 32$938K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$629K$296K
Total assetsLn 16$1.6M$970K
LiabilitiesLn 26$136K$32K
Net assetsLn 32$1.5M$938K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3K$3K
Grants and assistance to foreign recipientsLn 3$109K$109K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$464K$276K$187K
Office expensesLn 13$35K$20K$16K
TravelLn 17$17K$8K$9K
InsuranceLn 23$6K$6K
Total functional expensesLn 25$686K$415K$270K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $215K$586K−$371K$592K 990 PDF
FY2023 Viewing $112K$686K−$574K$938K 990 PDF
FY2022 $1.8M$710K$1.1M$1.5M 990 PDF
FY2021 $65K$411K 990 PDF
FY2020 $847K$199K$648K$752K 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 FY2023 990 (6 parts)
Part I · Summary $112,355 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,810,000$112,011
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $122$344
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,810,122$112,355
I-13 Grants and similar amounts paidPrior year $0$111,831
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $709,547$574,141
I-18 Total expensesPrior year $709,547$685,972
I-19 Revenue less expensesPrior year $1,100,575−$573,617
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $112,355 across 4 lines filed
VIII-1e Government grants$112,011
VIII-1h Total contributions, gifts and grants$112,011
VIII-3 Investment incomeExcluded from tax $344$344
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $344$112,355
Part IX · Statement of functional expenses $685,972 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $3,130$3,130
IX-3 Grants and assistance to foreign recipientsPrograms $108,701$108,701
IX-11b Legal feesManagement $1,703$1,703
IX-11c Accounting feesManagement $50,013$50,013
IX-11g Other fees for servicesPrograms $276,269 · Management $187,453$463,722
IX-13 Office expensesPrograms $19,766 · Management $15,659$35,425
IX-17 TravelPrograms $7,629 · Management $9,198$16,827
IX-23 InsuranceManagement $6,451$6,451
IX-25 Total functional expensesPrograms $415,495 · Management $270,477 · Fundraising $0$685,972
Part X · Balance sheet $969,669 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $628,810$296,164
X-3 Pledges and grants receivableStart of year $1,012,460$511,201
X-9 Prepaid expenses and deferred chargesStart of year $3,962$160,304
X-15 Other assetsStart of year $2,000$2,000
X-16 Total assetsStart of year $1,647,232$969,669
X-17 Accounts payable and accrued expensesStart of year $135,932$31,986
X-26 Total liabilitiesStart of year $135,932$31,986
X-27 Net assets without donor restrictionsStart of year $236,074$231,553
X-28 Net assets with donor restrictionsStart of year $1,275,226$706,130
X-32 Total net assets or fund balancesStart of year $1,511,300$937,683
X-33 Total liabilities and net assetsStart of year $1,647,232$969,669
Part XI · Reconciliation of net assets $937,683 net assets at year end
XI-1 Total revenue$112,355
XI-2 Total expenses$685,972
XI-3 Revenue less expenses−$573,617
XI-4 Net assets at start of year$1,511,300
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$937,683

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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