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Station 1 Laboratory FY2022 filing

Tax-deductible

Lawrence, MA501(c)(3)Science & Technology EIN 81-3784803Revenue $503K in FY2022

On file with the IRSstation1.org317 S Broadway 134, 01843-2600 · Lawrence, MATax-exempt since Nov 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Station1 is a nonprofit higher education institution that is paving a pathway of opportunity through a new model of learning and research - socially-directed science and technology. (Continued on Schedule O)

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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 4
filings with a surplus
Average surplus $76K a year · 21% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $247K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$503K
-7% vs prior year
Spent
$333K
To programs
87%
Net assets
$406K
By yearFY2021–FY2024
Revenue
$503K
FY2022▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$542K
FY2022$503K
FY2023$184K
FY2024$251K
Expenses
$333K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$305K
FY2022$333K
FY2023$430K
FY2024$106K
Net assets
$406K
FY2022▲ +72%
Tap a bar for its year
Net assets by fiscal year
FY2021$237K
FY2022$406K
FY2023$161K
FY2024$323K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Nov 2016.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $289K Management & general 13% · $44K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Ellan Spero
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Station 1 Laboratory 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

Offers socially-directed science and technology education and research.

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Provided by the organization

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1 program · $289K · in their own filed words · FY2022
01

28 Station1 designs and delivers transformative education, research, and innovation programs in socially-directed science, technology, engineering, and math and leads higher education multi-institutional collective impact systems change initiatives.

$289Kprogram expense

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
Hopper-Dean FoundationFY2024$247K
Total grants receivedfrom 1 funder$247K
Grants paid · 3 grants · $680K · 2021–2023
Unitemized GrantFY2023$255,000
Unitemized GrantFY2022$222,500
Unitemized GrantFY2021$202,500

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$503K
Ln 12
Gifts and grantsLn 1h$503K
Money outPt IX
$333K
Ln 25
Programscol B$289K
Managementcol C$44K
Owns and owesPt X
$406K
net assets · Ln 32
Cash and savingsLn 1–2$426K
Total assetsLn 16$430K
LiabilitiesLn 26$24K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$503K
Total revenueLn 12$503K
Assets in detailPt X, end of year
CashLn 1$426K
Cash and savings togetherLn 1–2$426K
Total assetsLn 16$430K
LiabilitiesLn 26$24K
Net assetsLn 32$406K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY22End FY22
Cash and savingsLn 1–2$239K$426K
Total assetsLn 16$242K$430K
LiabilitiesLn 26$5K$24K
Net assetsLn 32$237K$406K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$212K$212K
Legal feesLn 11b$1K$1K$0$0
Accounting feesLn 11c$38K$4K$34K$0
Other fees for servicesLn 11g$12K$12K$0$0
Advertising and promotionLn 12$133$133$0$0
Office expensesLn 13$12K$11K$1K$0
InsuranceLn 23$8K$0$8K$0
Other expenses (24a–d)Ln 24$50K$49K$258$0
Total functional expensesLn 25$333K$289K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $251K$106K$145K$323K 990 PDF
FY2023 $184K$430K−$246K$161K 990 PDF
FY2022 Viewing $503K$333K$170K$406K 990 PDF
FY2021 $542K$305K$237K$237K 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 O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $502,785 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $541,890$502,785
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $541,890$502,785
I-13 Grants and similar amounts paidPrior year $202,500$211,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $102,747$121,560
I-18 Total expensesPrior year $305,247$333,060
I-19 Revenue less expensesPrior year $236,643$169,725
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $502,785 across 3 lines filed
VIII-1f All other contributions, gifts and grants$502,785
VIII-1h Total contributions, gifts and grants$502,785
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$502,785
Part IX · Statement of functional expenses $333,060 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $211,500$211,500
IX-11b Legal feesPrograms $1,340 · Management $0 · Fundraising $0$1,340
IX-11c Accounting feesPrograms $4,072 · Management $34,345 · Fundraising $0$38,417
IX-11g Other fees for servicesPrograms $11,715 · Management $0 · Fundraising $0$11,715
IX-12 Advertising and promotionPrograms $133 · Management $0 · Fundraising $0$133
IX-13 Office expensesPrograms $10,668 · Management $1,220 · Fundraising $0$11,888
IX-23 InsurancePrograms $0 · Management $8,358 · Fundraising $0$8,358
IX-24 Other expenses (24a–d)Programs $49,451 · Management $258 · Fundraising $0$49,709
IX-25 Total functional expensesPrograms $288,879 · Management $44,181 · Fundraising $0$333,060
Part X · Balance sheet $429,924 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $238,553$426,414
X-9 Prepaid expenses and deferred chargesStart of year $3,343$3,510
X-16 Total assetsStart of year $241,896$429,924
X-17 Accounts payable and accrued expensesStart of year $5,253$23,556
X-26 Total liabilitiesStart of year $5,253$23,556
X-27 Net assets without donor restrictionsStart of year $2,161−$975
X-28 Net assets with donor restrictionsStart of year $234,482$407,343
X-32 Total net assets or fund balancesStart of year $236,643$406,368
X-33 Total liabilities and net assetsStart of year $241,896$429,924
Part XI · Reconciliation of net assets $406,368 net assets at year end
XI-1 Total revenue$502,785
XI-2 Total expenses$333,060
XI-3 Revenue less expenses$169,725
XI-4 Net assets at start of year$236,643
XI-10 Net assets at end of year$406,368

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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