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Scitopia Foundation EIN 87-4041671

Scitopia Foundation

EIN  87-4041671 Public charity (501(c)(3)) Chicago, IL Founded 2021
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Size
$100K–1M
What they do
an arts and culture nonprofit
Leadership
Paul Sereno · President
Money in and out
$250K revenue, $72K expenses
Bottom line
77% program efficiency

Scitopia Foundation is an arts and culture nonprofit based in Chicago, IL, formed in 2021. For fiscal year 2025 it reported $250K in revenue, $72K in expenses, and $178K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$250K
Pt VIII · Ln 12
Total expenses
$72K
Pt IX · Ln 25
Net assets
$178K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $178K
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
29.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+71%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total revenue
$250K
Pt VIII · Ln 12
Total expenses
$72K
Pt IX · Ln 25
Net assets
$178K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$178K
Total assetsPt X · Ln 16$178K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $55K of program spending, described in the organization's own filed words · FY2025.
01

Development of scitopia program and pedagogy. Development of public science destination.

$55Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CScitopia Foundation
EINHdr · item D87-4041671
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A50)
Ruling yearIRS BMFDec 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Paul Sereno
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Rich Crowley
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jesse Knox
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$250K
Investment income$7
Total revenueLn 12$250K

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%$55K
Management & general17%$12K
Fundraising6%$4K
Total functional expensesLn 25$72K

Balance Sheet

Part X · end of year
CashLn 1$178K
Total assetsLn 16$178K
Total liabilitiesLn 26$0
Total net assetsLn 32$178K
Months of cash on handcomputed29.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $178K · Operating expenses/yr $72K
29.8 months
Where the money goes
Program services
Program services $55K · Total expenses $72K
77%
Management & General
Management & general $12K · Total expenses $72K
17%
Fundraising
Fundraising $4K · Total expenses $72K
6%
Cost to raise $1
Fundraising expense $4K · Solicited contributions $250K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $250K · Total revenue $250K
100%
Government reliance
Government grants — · Total revenue $250K
—
Earned-income share
Program service revenue $0 · Total revenue $250K
0%
Investment reliance
Investment income $7 · Total revenue $250K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $72K
0%
Growth & trend
Revenue growth (YoY)
This year $250K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $178K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $250K · Expenses $72K
+71%
Liabilities-to-Assets
Total liabilities — · Total assets $178K
—
Net-asset ratio
Net assets $178K · Total assets $178K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $178K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Paul Sereno · Reported title President · Highest reported compensation $0 · Total expenses $72K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $72K
—
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 2%——

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 · this organization's grantmaking
Grants paid · 1 grant · $35K · 2025–2025
University of ChicagoIL · FY2025$35,000

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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
FY2025 (Latest)$250K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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