Colossal Science Foundation INC

Chicago, ILUnknown exempt organizationEIN 99-5047874

On file with the IRS227 W Monroe Street Ste 5000 · Chicago, IL

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The Colossal Science Foundation aims to advance synthetic biology and breakthrough technologies to revolutionize wildlife conservation andecosystem restoration.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.9M
797% of total assets
Concern: liabilities are 797% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$6.9M
To programs
100%
Net assets
−$6.9M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.9M Management & general 0% · $17K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Colossal Science Foundation 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

Advances synthetic biology and technology for wildlife conservation and ecosystem restoration.

Provided by the organization

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2 programs · $6.9M · in their own filed words · FY2024
01

Colossal science foundation inc will make loans or grants to other non-profit organizations that align with their 501(c)(3) nonprofit objectives and purposes. The nonprofit organizations seeking funds shall apply for grants or other contributions and will be selected by the directors of the colossal science foundation.

$5.7Mprogram expense
02

The foundation does engage outside parties and support other non-profit ventures in scientific discoveries towards animal conservation and extinction of certain animals. These scientific discoveries may be owned in part or in full by the foundation, but shall be available at no cost to the public.

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 11 grants · $3.9M · 2024–2024
Harvard Medical SchoolFY2024$1,500,000
University of ConnecticutFY2024$955,836
U C Santa Cruz FoundationCA · FY2024$525,000
Individual RecipientFY2024$300,000
Rockefeller UniversityNY · FY2024$158,382
WildMO · FY2024$150,000
Rowan UniversityFY2024$100,000
The Explorers ClubFY2024$90,000
American Humane SocietyFY2024$25,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$6.9M
Ln 25
Programscol B$6.9M
Managementcol C$17K
Owns and owesPt X
−$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$993K
Total assetsLn 16$993K
LiabilitiesLn 26$7.9M
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
CashLn 1$993K
Cash and savings togetherLn 1–2$993K
Total assetsLn 16$993K
LiabilitiesLn 26$7.9M
Net assetsLn 32−$6.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$993K
Total assetsLn 16$0$993K
LiabilitiesLn 26$0$7.9M
Net assetsLn 32$0−$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.7M$5.7M
Legal feesLn 11b$1K$1K
Other fees for servicesLn 11g$803K$803K
Office expensesLn 13$148$148
OccupancyLn 16$209$209
TravelLn 17$4K$4K
Other expenses (24a–d)Ln 24$431K$415K$16K
All other expensesLn 24e$14K$13K$960
Total functional expensesLn 25$6.9M$6.9M$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $0$6.9M−$6.9M−$6.9M 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 FY2024 990 (6 parts)
Part I · Summary $0 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$0
I-13 Grants and similar amounts paid$5,669,627
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$1,253,110
I-18 Total expenses$6,922,737
I-19 Revenue less expenses−$6,922,737
Part VI · Governance 1 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
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 $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $6,922,737 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $5,669,627$5,669,627
IX-11b Legal feesPrograms $1,353$1,353
IX-11g Other fees for servicesPrograms $802,942$802,942
IX-13 Office expensesManagement $148$148
IX-16 OccupancyPrograms $209$209
IX-17 TravelPrograms $3,588$3,588
IX-24 Other expenses (24a–d)Programs $414,637 · Management $16,273$430,910
IX-24e All other expensesPrograms $13,000 · Management $960$13,960
IX-25 Total functional expensesPrograms $6,905,356 · Management $17,381 · Fundraising $0$6,922,737
Part X · Balance sheet $992,800 assets, 7 lines filed
X-1 Cash, non-interest-bearing$992,800
X-16 Total assetsStart of year $0$992,800
X-17 Accounts payable and accrued expenses$415,537
X-24 Unsecured notes and loans payable$7,500,000
X-26 Total liabilitiesStart of year $0$7,915,537
X-32 Total net assets or fund balancesStart of year $0−$6,922,737
X-33 Total liabilities and net assetsStart of year $0$992,800
Part XI · Reconciliation of net assets −$6,922,737 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$6,922,737
XI-3 Revenue less expenses−$6,922,737
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$6,922,737

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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