Civic Intelligence

Igem Foundation Inc.

990 • Fiscal year 2018 • EIN 45-2313408

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

27 Drydock Ave Suite 27e-230Boston, MA 02210

(617) 500-4375

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.60x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.16x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

26th percentile

-5.8%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$190,728

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

68th percentile

7.5%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

19%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,204,857

Up $84,001 (+7.5%) from 2017

Net Assets

Down

$486,186

Down $259,708 (-35%) from 2017

Liabilities

Up

$718,671

Up $343,709 (+92%) from 2017

Revenue

Up

$4,460,079

Up $699,227 (+19%) from 2017

Expenses

Up

$4,719,787

Up $769,637 (+19%) from 2017

Net Income

Down

-$259,708

Down $70,410 (-37%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $367,424Liabilities 2011: $128,505Net Assets 2011: $238,9192011Assets 2012: $302,404Liabilities 2012: $45,869Net Assets 2012: $256,5352012Assets 2013: $526,981Liabilities 2013: $460,431Net Assets 2013: $66,5502013Assets 2014: $589,398Liabilities 2014: $142,353Net Assets 2014: $447,0452014Assets 2015: $910,762Liabilities 2015: $171,693Net Assets 2015: $739,0692015Assets 2016: $1,357,263Liabilities 2016: $422,071Net Assets 2016: $935,1922016Assets 2017: $1,120,856Liabilities 2017: $374,962Net Assets 2017: $745,8942017Assets 2018: $1,204,857Liabilities 2018: $718,671Net Assets 2018: $486,1862018Assets 2019: $1,627,490Liabilities 2019: $360,941Net Assets 2019: $1,266,5492019Assets 2020: $2,299,321Liabilities 2020: $318,868Net Assets 2020: $1,980,4532020Assets 2021: $4,229,953Liabilities 2021: $262,849Net Assets 2021: $3,967,1042021Assets 2022: $2,021,042Liabilities 2022: $456,051Net Assets 2022: $1,564,9912022Assets 2023: $1,048,801Liabilities 2023: $821,645Net Assets 2023: $227,1562023Assets 2024: $1,716,033Liabilities 2024: $1,284,936Net Assets 2024: $431,0972024

Highlighted filing

2018

Assets$1,204,857
Liabilities$718,671
Net Assets$486,186

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $734,964Expenses 2011: $496,045Net Income 2011: $238,9192011Revenue 2012: $1,711,954Expenses 2012: $1,694,338Net Income 2012: $17,6162012Revenue 2013: $1,907,049Expenses 2013: $2,097,034Net Income 2013: -$189,9852013Revenue 2014: $2,829,666Expenses 2014: $2,449,171Net Income 2014: $380,4952014Revenue 2015: $3,312,410Expenses 2015: $3,020,386Net Income 2015: $292,0242015Revenue 2016: $3,502,975Expenses 2016: $3,306,852Net Income 2016: $196,1232016Revenue 2017: $3,760,852Expenses 2017: $3,950,150Net Income 2017: -$189,2982017Revenue 2018: $4,460,079Expenses 2018: $4,719,787Net Income 2018: -$259,7082018Revenue 2019: $5,032,771Expenses 2019: $4,252,408Net Income 2019: $780,3632019Revenue 2020: $3,326,433Expenses 2020: $2,637,934Net Income 2020: $688,4992020Revenue 2021: $5,084,700Expenses 2021: $3,098,049Net Income 2021: $1,986,6512021Revenue 2022: $5,016,663Expenses 2022: $7,418,776Net Income 2022: -$2,402,1132022Revenue 2023: $6,029,844Expenses 2023: $7,332,251Net Income 2023: -$1,302,4072023Revenue 2024: $6,496,323Expenses 2024: $6,292,382Net Income 2024: $203,9412024

Highlighted filing

2018

Revenue$4,460,079
Expenses$4,719,787
Net Income-$259,708
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$4,460,079
Mission and Program Overview

Mission

The international genetically engineered machine (igem) foundation is dedicated to education and competition, advancement of synthetic biology, and the development of open community and collaboration. The igem foundation fosters scientific research and education through organizing and operating the igem competition, the premier student synthetic biology competition. It also fosters scientific research and education by establishing and operating the registry of standard biological parts, a community collection of biological components. The organization promotes the advancement of science and education by developing an open community of students and practitioners in schools, laboratories, research institutes, and industry. The igem community has a long history of involving students and the public in the development of the new field of synthetic biology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$782,191$1,004,941▲ $222,750
Land, Buildings, and Equipment, Net$152,300$94,869▼ $57,431
Prepaid Expenses and Deferred Charges$72,380$57,441▼ $14,939
Savings and Temporary Cash Investments$34,528$34,606▲ $78
Accounts Receivable$79,457$13,000▼ $66,457
Total Assets$1,120,856$1,204,857▲ $84,001
Liabilities
Deferred Revenue$212,042$470,000▲ $257,958
Other Liabilities$139,773$135,371▼ $4,402
Accounts Payable and Accrued Expenses$23,147$113,300▲ $90,153
Total Liabilities$374,962$718,671▲ $343,709
Net Assets / Fund Balance
Unrestricted Net Assets$745,894$486,186▼ $259,708
Total Net Assets Fund Balance$745,894$486,186▼ $259,708
Total Liabilities and Net Assets / Fund Balance$1,120,856$1,204,857▲ $84,001

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$94,869$211,158$306,027
Leasehold Improvements$0$17,334$17,334
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randall RettbergCEO/president/directorFT$172,394$18,334$190,728
Meagan LizarazoCOO/vice PresidentFT$123,457$22,036$145,493

Board Members and Trustees

NameTitle
Thomas KnightClerk/treasurer/director
King ChowDirector
Pamela SilverDirector
Rick JohnsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$278,113
Program Service Revenue
$4,181,875
Investment Income
$91
Other Revenue
$0
All Other Contributions
$278,113
Change in Net Assets
$-259,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,460,079
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,460,079
Total Revenue per Form 990
$4,460,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,897,162
Salaries, Compensation, and Employee Benefits$822,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$497,808$72,550-$570,358
Other Salaries and Wages$338,673$38,777-$377,450
Travel-$345,340-$345,340
Occupancy$282,533$61,794-$344,327
Current Officers, Directors, Trustees, and Key Employees$220,609$75,242-$295,851
Information Technology-$101,197-$101,197
Other Employee Benefits$79,647$17,420-$97,067
Fees for Services Legal-$75,750-$75,750
Office Expenses-$61,779-$61,779
Fees for Services Accounting$30,687$27,085-$57,772
Depreciation Depletion$47,124$10,307-$57,431
Payroll Taxes$42,879$9,378-$52,257
Advertising-$29,639-$29,639
Insurance$6,685$10,918-$17,603
Other Expenses$13,917$6,640-$6,640
All Other Expenses$4,351$952-$5,303
Conferences and Meetings-$2,800-$2,800
Total Functional Expenses$3,713,972$1,005,815$0$4,719,787

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,719,787
Total Expenses per Audited Statements$4,719,787
Total Expenses per Form 990$4,719,787
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$135,371
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A final form 990 was reviewed by the full board before filing with the irs.

Form 990, Part VI, Section B, Line 12C

Igem foundation, inc. Has a conflict of interest policy in place. The directors, officers and key employees are required to file a conflict of interest disclosure annually.

Form 990, Part VI, Section B, Line 15

Igem foundation, inc.'s compenasation committee research comaparable compensation data and made recommendations.

Form 990, Part VI, Section C, Line 19

Igem foundation, inc. Financial statements, conflict of interest statements and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Igem Foundation Inc
EIN
45-2313408
Phone
6175004375
Address
27 DRYDOCK AVE SUITE 27E-230, BOSTON, MA 02210

Signing Officer

Name
Randall Rettberg
Title
CEO/president
Phone
6175004375
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall Rettberg
Formed
2011
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
4
Employees
9
Volunteers
8

Preparer

Firm
Wolf & Company Pc
Address
99 HIGH STREET 21ST FLOOR, BOSTON, MA 02110
Preparer
Harry a Kalajian Jr CPA
Phone
6174399700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside services: program service expenses 0. Management and general expenses 72,550. Fundraising expenses 0. Total expenses 72,550. Consulting: program service expenses 497,808. Management and general expenses 0. Fundraising expenses 0. Total expenses 497,808.

Form 990, Part XII, Line 2C

There is no change from the prior year in the committee oversight of the audit of the financial statements.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from income taxes under internal revenue code section 501(c)(3) and therefore has made no provision for federal or state income taxes. The foundation follows accounting guidance regarding the recognition, measurement, presentation, and disclosure of uncertain tax positions in the financial statements. Tax positions taken or expected to be taken in the course of preparing the foundation's tax returns, including the position that the foundation qualifies as a tax exempt entity, are required to be evaluated to determine whether the tax positions are "more-likely-than-not" to be upheld under regulatory review. Tax positions not deemed to meet a more-likelythan-not threshold would be accrued and disclosed in the financial statements. There were no uncertain tax positions as of december 31, 2018 and 2017. The foundation records interest and penalties, if any, as part of income tax expense. No interest or penalties were recorded in 2018 and 2017. The foundation's tax returns for 2015 through 2018 are subject to review and examination by federal and state taxing authorities.

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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt079647
IRS990/OtherEmployeeBenefitsGrp/TotalAmt097067
IRS990/OtherExpensesGrp/Desc0JAMBOREE EXPENSES
IRS990/OtherExpensesGrp/Desc1MEALS
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt045323
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112924
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26640
IRS990/OtherExpensesGrp/ProgramServicesAmt02149059
IRS990/OtherExpensesGrp/ProgramServicesAmt113917
IRS990/OtherExpensesGrp/TotalAmt02149059
IRS990/OtherExpensesGrp/TotalAmt145323
IRS990/OtherExpensesGrp/TotalAmt226841
IRS990/OtherExpensesGrp/TotalAmt36640
IRS990/OtherLiabilitiesGrp/BOYAmt0139773
IRS990/OtherLiabilitiesGrp/EOYAmt0135371
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038777
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0338673
IRS990/OtherSalariesAndWagesGrp/TotalAmt0377450
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09378
IRS990/PayrollTaxesGrp/ProgramServicesAmt042879
IRS990/PayrollTaxesGrp/TotalAmt052257
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072380
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057441
IRS990/PrincipalOfficerNm0RANDALL RETTBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0JAMBOREE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATION REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2SPONSOR REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3LAB SUBSCRIPTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02082123
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11554601
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2531711
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02082123
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11554601
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2531711
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313440
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0190893
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0218
IRS990/PYOtherExpensesAmt03084646
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03569741
IRS990/PYRevenuesLessExpensesAmt0-189298
IRS990/PYSalariesCompEmpBnftPaidAmt0865504
IRS990/PYTotalExpensesAmt03950150
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03760852
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-259708
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04181875
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034528
IRS990/SavingsAndTempCashInvstGrp/EOYAmt034606
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt050000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt050000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0278113
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0190893
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt053073
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0235251
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0131030
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0888360
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt091
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0218
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01417
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01728
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0910
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04181875
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03569741
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03448485
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03072996
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02687411
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016960508
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0218
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01417
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01728
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0910
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04364
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99700
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt017798868
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt050000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt050000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt04459988
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03760634
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03501558
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03308247
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02818441
IRS990ScheduleA/Total509Grp/TotalAmt017848868
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04460079
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03760852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03502975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03309975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02819351
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017853232
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt094869
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0211158
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0306027
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04719787
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017334
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt017334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0135371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04460079
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THEREFORE HAS MADE NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE FOUNDATION FOLLOWS ACCOUNTING GUIDANCE REGARDING THE RECOGNITION, MEASUREMENT, PRESENTATION, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS. TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS, INCLUDING THE POSITION THAT THE FOUNDATION QUALIFIES AS A TAX EXEMPT ENTITY, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE UPHELD UNDER REGULATORY REVIEW. TAX POSITIONS NOT DEEMED TO MEET A MORE-LIKELYTHAN-NOT THRESHOLD WOULD BE ACCRUED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017. THE FOUNDATION RECORDS INTEREST AND PENALTIES, IF ANY, AS PART OF INCOME TAX EXPENSE. NO INTEREST OR PENALTIES WERE RECORDED IN 2018 AND 2017. THE FOUNDATION'S TAX RETURNS FOR 2015 THROUGH 2018 ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt094869
IRS990ScheduleD/TotalExpensesPerForm990Amt04719787
IRS990ScheduleD/TotalLiabilityAmt0135371
IRS990ScheduleD/TotalRevenuePerForm990Amt04460079
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04460079
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04719787
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0172394
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RANDALL RETTBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/PRESIDENT/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0190728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FINAL FORM 990 WAS REVIEWED BY THE FULL BOARD BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IGEM FOUNDATION, INC. HAS A CONFLICT OF INTEREST POLICY IN PLACE. THE DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO FILE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IGEM FOUNDATION, INC.'S COMPENASATION COMMITTEE RESEARCH COMAPARABLE COMPENSATION DATA AND MADE RECOMMENDATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IGEM FOUNDATION, INC. FINANCIAL STATEMENTS, CONFLICT OF INTEREST STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 72,550. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,550. CONSULTING: PROGRAM SERVICE EXPENSES 497,808. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 497,808.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE IS NO CHANGE FROM THE PRIOR YEAR IN THE COMMITTEE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.72$1.28$0.43$6.50$6.29$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.82$0.23$6.03$7.33$1.30
2022Detailed filing. Detailed filing data is available for this year.$2.02$0.46$1.56$5.02$7.42$2.40
2021Detailed filing. Detailed filing data is available for this year.$4.23$0.26$3.97$5.08$3.10$1.99
2020Detailed filing. Detailed filing data is available for this year.$2.30$0.32$1.98$3.33$2.64$0.69
2019Detailed filing. Detailed filing data is available for this year.$1.63$0.36$1.27$5.03$4.25$0.78
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.72$0.49$4.46$4.72$0.26
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.37$0.75$3.76$3.95$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.36$0.42$0.94$3.50$3.31$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.17$0.74$3.31$3.02$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.14$0.45$2.83$2.45$0.38
2013Detailed filing. Detailed filing data is available for this year.$0.53$0.46$0.07$1.91$2.10$0.19
2012Summary only. Only limited summary data is available for this year.$0.30$0.05$0.26$1.71$1.69$0.02
2011Summary only. Only limited summary data is available for this year.$0.37$0.13$0.24$0.73$0.50$0.24