Civic Intelligence

National Science and Technology Medals Foundation Inc

EIN 52-1703587 • 501(c)3 • Washington, DC

Profile

The nstmf's mission is to build inclusive stem communities across the united states. Fundamental to these communities are the significant, inspirational connections we foster between the individuals who have received national recognition for excellence in stem and todays diverse generation of college and high school students. Together they will pave the way for a more equitable future in science and technology. Our vision is to be a driving force in creating a world in which the diversity of the american society is reflected in the recipients of all prestigious stem honors, including future laureate classes of the national medal of science and the national medal of technology and innovation.

600 Massachusetts Ave NW Suite 250Washington, DC 20001

nationalmedals.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.05x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

35th percentile

-1.6%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$233,992

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

54th percentile

4.9%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

29%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,124,460

Up $52,597 (+4.9%) from 2023

Liabilities

Up

$100,808

Up $84,884 (+533%) from 2023

Net Assets

Down

$1,023,652

Down $32,287 (-3.1%) from 2023

Revenue

Up

$1,959,968

Up $442,533 (+29%) from 2023

Expenses

Up

$1,992,255

Up $233,099 (+13%) from 2023

Net Income

Up

-$32,287

Up $209,434 (+87%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $265,134Liabilities 2010: $14,294Net Assets 2010: $250,8402010Assets 2011: $385,955Liabilities 2011: $3,217Net Assets 2011: $382,7382011Assets 2012: $855,386Liabilities 2012: $67Net Assets 2012: $855,3192012Assets 2013: $1,373,810Liabilities 2013: $2,000Net Assets 2013: $1,371,8102013Assets 2014: $1,770,246Liabilities 2014: $0Net Assets 2014: $1,770,2462014Assets 2015: $1,840,200Liabilities 2015: $78,460Net Assets 2015: $1,761,7402015Assets 2016: $1,890,539Liabilities 2016: $0Net Assets 2016: $1,890,5392016Assets 2017: $1,703,175Liabilities 2017: $0Net Assets 2017: $1,703,1752017Assets 2018: $1,599,597Liabilities 2018: $32,205Net Assets 2018: $1,567,3922018Assets 2019: $1,741,674Liabilities 2019: $90,408Net Assets 2019: $1,651,2662019Assets 2020: $2,176,896Liabilities 2020: $1,041Net Assets 2020: $2,175,8552020Assets 2021: $1,591,820Liabilities 2021: $0Net Assets 2021: $1,591,8202021Assets 2022: $1,417,748Liabilities 2022: $120,088Net Assets 2022: $1,297,6602022Assets 2023: $1,071,863Liabilities 2023: $15,924Net Assets 2023: $1,055,9392023Assets 2024: $1,124,460Liabilities 2024: $100,808Net Assets 2024: $1,023,6522024

Highlighted filing

2024

Assets$1,124,460
Liabilities$100,808
Net Assets$1,023,652

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2010: $211,021Expenses 2010: $311,445Net Income 2010: -$100,4242010Revenue 2011: $367,853Expenses 2011: $235,955Net Income 2011: $131,8982011Expenses 2012: $89,3292012Revenue 2013: $815,387Expenses 2013: $298,897Net Income 2013: $516,4902013Revenue 2014: $705,642Expenses 2014: $307,206Net Income 2014: $398,4362014Revenue 2015: $115,933Expenses 2015: $124,439Net Income 2015: -$8,5062015Revenue 2016: $765,768Expenses 2016: $653,747Net Income 2016: $112,0212016Revenue 2017: $313,301Expenses 2017: $500,665Net Income 2017: -$187,3642017Revenue 2018: $595,906Expenses 2018: $731,689Net Income 2018: -$135,7832018Revenue 2019: $1,139,804Expenses 2019: $1,023,568Net Income 2019: $116,2362019Revenue 2020: $1,605,768Expenses 2020: $1,081,179Net Income 2020: $524,5892020Revenue 2021: $585,052Expenses 2021: $1,169,087Net Income 2021: -$584,0352021Revenue 2022: $1,230,864Expenses 2022: $1,525,024Net Income 2022: -$294,1602022Revenue 2023: $1,517,435Expenses 2023: $1,759,156Net Income 2023: -$241,7212023Revenue 2024: $1,959,968Expenses 2024: $1,992,255Net Income 2024: -$32,2872024

Highlighted filing

2024

Revenue$1,959,968
Expenses$1,992,255
Net Income-$32,287

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.10$1.02$1.96$1.99$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.02$1.06$1.52$1.76$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.42$0.12$1.30$1.23$1.53$0.29
2021Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$0.59$1.17$0.58
2020Detailed filing. Detailed filing data is available for this year.$2.18$0.00$2.18$1.61$1.08$0.52
2019Detailed filing. Detailed filing data is available for this year.$1.74$0.09$1.65$1.14$1.02$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.60$0.03$1.57$0.60$0.73$0.14
2017Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.31$0.50$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.77$0.65$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.84$0.08$1.76$0.12$0.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.71$0.31$0.40
2013Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.82$0.30$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.00$0.86$0.09
2011Summary only. Only limited summary data is available for this year.$0.39$0.00$0.38$0.37$0.24$0.13
2010Summary only. Only limited summary data is available for this year.$0.27$0.01$0.25$0.21$0.31$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 11, 2025
Return Version
2024v5.0
Gross Receipts
$1,959,968
Mission and Program Overview

Mission

The foundation seeks to enhance the prominence of the national medals of science and of technology and the laureates. At the same time, it strives to increase public awareness that economic growth, competitiveness, and high standard of living depend on our nation's ability to lead the world in scientific discovery and technological development.

The nstmf's mission is to build inclusive stem communities across the united states. Fundamental to these communities are the significant, inspirational connections we foster between the individuals who have received national recognition for excellence in stem and todays diverse generation of college and high school students. Together they will pave the way for a more equitable future in science and technology. Our vision is to be a driving force in creating a world in which the diversity of the american society is reflected in the recipients of all prestigious stem honors, including future laureate classes of the national medal of science and the national medal of technology and innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$982,252$883,726▼ $98,526
Cash and Non-Interest-Bearing Accounts$70,111$196,345▲ $126,234
Pledges and Grants Receivable-$25,000-
Prepaid Expenses and Deferred Charges$13,576$14,353▲ $777
Land, Buildings, and Equipment, Net$4,899$4,011▼ $888
Total Assets$1,071,863$1,124,460▲ $52,597
Other Assets Total$1,025$1,025→ $0
Liabilities
Accounts Payable and Accrued Expenses$15,924$100,808▲ $84,884
Total Liabilities$15,924$100,808▲ $84,884
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,055,939$998,652▼ $57,287
Net Assets With Donor Restrictions-$25,000-
Total Net Assets Fund Balance$1,055,939$1,023,652▼ $32,287
Total Liabilities and Net Assets / Fund Balance$1,071,863$1,124,460▲ $52,597

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,011$4,057$8,068
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Omomayowa AweExecutive DiFT$223,992$10,000$233,992
Omomayowa AweExecutive Director-$223,992$10,000$233,992
Katharine BiddleEmployeeFT$162,500$10,000$172,500
Andrew Rathmann-noonanPresidentFT$156,939$15,000$171,939

Board Members and Trustees

NameTitle
Monique DorsainvilVice Chair
Alisa BergmanBoard Member
David CanadaBoard Member
Howard EkundayoBoard Member
Robin Rathmann-noonanBoard Member
Smita SatianiBoard Member
Todd ElmerBoard Member
Megan RobertsSecretary
Vinton CerfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,955,253
Program Service Revenue
$4,474
Investment Income
$241
Other Revenue
$0
All Other Contributions
$1,485,253
Change in Net Assets
$-32,287

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,959,968
Total Revenue per Audited Statements
$1,959,968
Total Revenue per Form 990
$1,959,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,028,913
Salaries, Compensation, and Employee Benefits$810,117
Total Fundraising Expense$300,712
Grants and Similar Amounts Paid$153,225
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$261,134$175,409$213,200$649,743
Fees for Services Other$339,592$7,017-$346,609
Grants to Domestic Orgs$153,225--$153,225
Other Employee Benefits$44,768$28,777$37,846$111,391
Depreciation Depletion$98,527$890-$99,417
Payroll Taxes$19,686$13,224$16,073$48,983
Travel$34,875$2,251$6,513$43,639
Fees for Services Accounting-$31,443-$31,443
Conferences and Meetings$16,514$102$9,212$25,828
Occupancy-$15,375-$15,375
Advertising$3,252$613-$3,865
Other Expenses$3,965$2,929$3,237$2,929
Insurance-$2,862-$2,862
Office Expenses$1,401$1,112$185$2,698
All Other Expenses$555$18-$573
Total Functional Expenses$1,370,533$321,010$300,712$1,992,255

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,992,255
Total Expenses per Audited Statements$1,992,255
Total Expenses per Form 990$1,992,255
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of TexasArlington, TX501c3Instem Program Exp$94,500
California State East BayHayward, CA501c3Instem Program Exp$58,725
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Andrew Rathmann-noonanSee Part VW-2 Wages & BenefitsNo-
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 35% controlled entity
No
Business relationship with family members
Yes
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, Page 6, Part VI, Line 2

Robin rathmann-noonan andrew rathmann-noonan board member president sibling relationship

Form 990, Page 6, Part VI, Line 7A

Pursuant to the bylaws, the nstmf must have a minimum of three and a maximum of 11 directors. Also pursuant to the bylaws, the rathmann family foundation has the right to appoint one director. All other directors are elected by the then-serving board of directors.

Form 990, Page 6, Part VI, Line 11B

The nstmf's form 990 is prepared by an outside accountant. The draft is then reviewed by the organization's executive director, audit committee and legal counsel. Once they are satisfied with the return, it is provided (prior to filing) to the nstmf's board of directors for review.

Form 990, Page 6, Part VI, Line 12C

Each director and officer completes a disclosure form identifying any relationships, positions or circumstances in which they are involved and that could contribute to a conflict of interest. All disclosure statements are submitted to and reviewed by the president of the organization. Prior to board or committee action on a contract or transaction involving a conflict of interest, a director or committee member or interested person having a conflict of interest shall disclose all facts material to the conflict of interest. If the board deems necessary, a board member with a conflict shall not participate in or be permitted to hear the board's or committee's discussion of the matter. The minutes of the board meetings record the names of all individuals who disclose conflicts and the corresponding actions taken by the board.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation is first reviewed by a board- appointed compensation committee. The compensation committee evaluates the executive director's performance and considers compensation comparability data in connection with its review. The compensation committee then makes a recommendation regarding the executive director's compensation that is subjected to the review and approval of the board of directors.

Form 990, Page 6, Part VI, Line 15B

At this time, the executive director is the only compensated officer or key employee. Should this change in the future, all forms of compensation paid to other officers or to key employees will be reviewed by a board-appointed compensation committee. The committee will evaluate the officer or key employee's performance and consider compensation comparability data in connection with its review. The compensation committee then will make a recommendation regarding the officer or key employee's compensation that will be subjected to the review and approval of the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization makes available to the public upon written request the following governing documents: audited financial statements by laws form 990

Filing and Contact Details

Filer

Filer Name
National Science and Technology
EIN
52-1703587
Phone
2023335550
Address
600 MASSACHUSETTS AVE NW SUITE 250, WASHINGTON, DC 20001

Signing Officer

Name
Omomayowa Awe
Title
Executive Director
Phone
2023335550
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Omomayowa Awe
Formed
1990
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
7
Employees
4
Volunteers
100

Preparer

Firm
Martinbrown Cpas & Advisors
Address
3411 TAMIAMI TRAIL NORTH SUITE 201, NAPLES, FL 34103
Preparer
Daniel J Brown CPA
Phone
2392548306
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The nstmf's mission is to build inclusive stem communities across the united states. Fundamental to these communities are the significant, inspirational connections we foster between the individuals who have received national recognition for excellence in stem and todays diverse generation of college and high school students. Together they will pave the way for a more equitable future in science and technology. Our vision is to be a driving force in creating a world in which the diversity of the american society is reflected in the recipients of all prestigious stem honors, including future laureate classes of the national medal of science and the national medal of technology and innovation.

Form 990, Page 2, Part III, Line 4A

The instem mentorship program: is an auxiliary support network of and for undergraduate students from underrepresented communities studying stem. Students are leaving stem majors at an alarmingly fast rate. Students from underrepresented communities are even less likely to graduate with their stem degrees. Effective mentorship has proven successful in retaining students in stem programs, especially those from underrepresented communities. Instem offers an invaluable opportunity for all students to connect with their peers and faculty while feeling supported in an environment that can be subject to a lack of diversity and inclusion. Instem offers four years of programming; each has a theme based on the scholars' needs for the current school year. Each cohort includes 15 instem scholars and one coach, a stem professor, or an established graduate student at the institution. Stem experts visit cohorts to lead workshops and provide insights into the greater stem community.

Form 990, Page 2, Part III, Line 4B

"science and innovation unscripted- or "unscripted," was created by the nstmf to serve the foundations mission of championing the work and lives of americas greatest scientists and technologists and connecting these extraordinary individuals to the next generation. The program marks our first step toward building an inclusive coalition of inspired stem students. The program features national medal laureates and other prominent stem experts in intimate, discussion-centric events. Now in its seventh year, the program has featured nearly 40 experts, reached an audience of more than 10,000 students, professors, and members of the public, and created relationships with 20+ universities and institutions. The hallmark of these events is the intimate atmosphere in which stem experts share stories about notable accomplishments as well as the failure and false starts that defined their journey to success. Geared towards students and young stem professionals, these events pull back the curtain on world-changing scientific accomplishments. The audience is encouraged to ask questions and engage with the speakers outside the structure of a typical student-teacher interaction. By attending one of these programs or watching online, students gain access to a set of individuals they wouldnt otherwise be able to engage in a substantive discussion.

Form 990, Page 2, Part III, Line 4D

National medals events - since its inception, the nstmf has honored the men and women who receive americas highest honors in science and technology: the national medal of science and the national medal of technology and innovation. These medals, bestowed by the president of the united states, recognize those who lead our country and the world in scientific and technological advancement. Their passion for knowledge has taken us beyond our planet, to the bottom of our seas, and deep within the neural pathways of the human brain. The nstmf honors these accomplishments by hosting the national medals celebration, a three-day celebration of ingenuity and excellence in stem. The celebration honors the new class of laureates, the broader laureate community, and leaders in the stem community doing excellent work in the lab and in support of their community. The nstmf hosts the national medals celebration, a day-long series of events beginning with a ceremony where the laureates receive their medals from the president of the united states and ending with a celebratory gala for laureates and their honored guests.

Form 990, Part IX, Line 11G

Consulting 339,592 7,017 0

Financial Statement Notes

Schedule D, Page 3, Part X

The financial accounting standard board (fasb) released fasb asc 740-10, income taxes, that provide guidance for reporting uncertainty in income taxes. For the year ended december 31, 2024, the foundation has documented its consideration of fasb asc 740-10 and determined that no material uncertain tax provisions qualify for either recognition or disclosure in the financial statements.

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IRS990/ActivityOrMissionDesc0THE NSTMF'S MISSION IS TO BUILD INCLUSIVE STEM COMMUNITIES ACROSS THE UNITED STATES. FUNDAMENTAL TO THESE COMMUNITIES ARE THE SIGNIFICANT, INSPIRATIONAL CONNECTIONS WE FOSTER BETWEEN THE INDIVIDUALS WHO HAVE RECEIVED NATIONAL RECOGNITION FOR EXCELLENCE IN STEM AND TODAYS DIVERSE GENERATION OF COLLEGE AND HIGH SCHOOL STUDENTS. TOGETHER THEY WILL PAVE THE WAY FOR A MORE EQUITABLE FUTURE IN SCIENCE AND TECHNOLOGY. OUR VISION IS TO BE A DRIVING FORCE IN CREATING A WORLD IN WHICH THE DIVERSITY OF THE AMERICAN SOCIETY IS REFLECTED IN THE RECIPIENTS OF ALL PRESTIGIOUS STEM HONORS, INCLUDING FUTURE LAUREATE CLASSES OF THE NATIONAL MEDAL OF SCIENCE AND THE NATIONAL MEDAL OF TECHNOLOGY AND INNOVATION.
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IRS990/MissionDesc0THE NSTMF'S MISSION IS TO BUILD INCLUSIVE STEM COMMUNITIES ACROSS THE UNITED STATES. FUNDAMENTAL TO THESE COMMUNITIES ARE THE SIGNIFICANT, INSPIRATIONAL CONNECTIONS WE FOSTER BETWEEN THE INDIVIDUALS WHO HAVE RECEIVED NATIONAL RECOGNITION FOR EXCELLENCE IN STEM AND TODAYS DIVERSE GENERATION OF COLLEGE AND HIGH SCHOOL STUDENTS. TOGETHER THEY WILL PAVE THE WAY FOR A MORE EQUITABLE FUTURE IN SCIENCE AND TECHNOLOGY. OUR VISION IS TO BE A DRIVING FORCE IN CREATING A WORLD IN WHICH THE DIVERSITY OF THE AMERICAN SOCIETY IS REFLECTED IN THE RECIPIENTS OF ALL PRESTIGIOUS STEM HONORS, INCLUDING FUTURE LAUREATE CLASSES OF THE NATIONAL MEDAL OF SCIENCE AND THE NATIONAL MEDAL OF TECHNOLOGY AND INNOVATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0"SCIENCE AND INNOVATION UNSCRIPTED- OR "UNSCRIPTED," WAS CREATED BY THE NSTMF TO SERVE THE FOUNDATIONS MISSION OF CHAMPIONING THE WORK AND LIVES OF AMERICAS GREATEST SCIENTISTS AND TECHNOLOGISTS AND CONNECTING THESE EXTRAORDINARY INDIVIDUALS TO THE NEXT GENERATION. THE PROGRAM MARKS OUR FIRST STEP TOWARD BUILDING AN INCLUSIVE COALITION OF INSPIRED STEM STUDENTS. THE PROGRAM FEATURES NATIONAL MEDAL LAUREATES AND OTHER PROMINENT STEM EXPERTS IN INTIMATE, DISCUSSION-CENTRIC EVENTS. NOW IN ITS SEVENTH YEAR, THE PROGRAM HAS FEATURED NEARLY 40 EXPERTS, REACHED AN AUDIENCE OF MORE THAN 10,000 STUDENTS, PROFESSORS, AND MEMBERS OF THE PUBLIC, AND CREATED RELATIONSHIPS WITH 20+ UNIVERSITIES AND INSTITUTIONS. THE HALLMARK OF THESE EVENTS IS THE INTIMATE ATMOSPHERE IN WHICH STEM EXPERTS SHARE STORIES ABOUT NOTABLE ACCOMPLISHMENTS AS WELL AS THE FAILURE AND FALSE STARTS THAT DEFINED THEIR JOURNEY TO SUCCESS. GEARED TOWARDS STUDENTS AND YOUNG STEM PROFESSIONALS, THESE EVENTS PULL BACK THE CURTAIN ON WORLD-CHANGING SCIENTIFIC ACCOMPLISHMENTS. THE AUDIENCE IS ENCOURAGED TO ASK QUESTIONS AND ENGAGE WITH THE SPEAKERS OUTSIDE THE STRUCTURE OF A TYPICAL STUDENT-TEACHER INTERACTION. BY ATTENDING ONE OF THESE PROGRAMS OR WATCHING ONLINE, STUDENTS GAIN ACCESS TO A SET OF INDIVIDUALS THEY WOULDNT OTHERWISE BE ABLE TO ENGAGE IN A SUBSTANTIVE DISCUSSION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0NATIONAL MEDALS EVENTS - SINCE ITS INCEPTION, THE NSTMF HAS HONORED THE MEN AND WOMEN WHO RECEIVE AMERICAS HIGHEST HONORS IN SCIENCE AND TECHNOLOGY: THE NATIONAL MEDAL OF SCIENCE AND THE NATIONAL MEDAL OF TECHNOLOGY AND INNOVATION. THESE MEDALS, BESTOWED BY THE PRESIDENT OF THE UNITED STATES, RECOGNIZE THOSE WHO LEAD OUR COUNTRY AND THE WORLD IN SCIENTIFIC AND TECHNOLOGICAL ADVANCEMENT. THEIR PASSION FOR KNOWLEDGE HAS TAKEN US BEYOND OUR PLANET, TO THE BOTTOM OF OUR SEAS, AND DEEP WITHIN THE NEURAL PATHWAYS OF THE HUMAN BRAIN. THE NSTMF HONORS THESE ACCOMPLISHMENTS BY HOSTING THE NATIONAL MEDALS CELEBRATION, A THREE-DAY CELEBRATION OF INGENUITY AND EXCELLENCE IN STEM. THE CELEBRATION HONORS THE NEW CLASS OF LAUREATES, THE BROADER LAUREATE COMMUNITY, AND LEADERS IN THE STEM COMMUNITY DOING EXCELLENT WORK IN THE LAB AND IN SUPPORT OF THEIR COMMUNITY. THE NSTMF HOSTS THE NATIONAL MEDALS CELEBRATION, A DAY-LONG SERIES OF EVENTS BEGINNING WITH A CEREMONY WHERE THE LAUREATES RECEIVE THEIR MEDALS FROM THE PRESIDENT OF THE UNITED STATES AND ENDING WITH A CELEBRATORY GALA FOR LAUREATES AND THEIR HONORED GUESTS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) RELEASED FASB ASC 740-10, INCOME TAXES, THAT PROVIDE GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES. FOR THE YEAR ENDED DECEMBER 31, 2024, THE FOUNDATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10 AND DETERMINED THAT NO MATERIAL UNCERTAIN TAX PROVISIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A GRANT AGREEMENT IS REVIEWED BY NSTMF COUNSEL AND THEN SENT TO THE GRANTEE FOR REVIEW AND SIGNATURE. THE GRANT STIPULATES THE USAGE OF FUNDS TO EXECUTE THE INSTEM PROGRAM. RELEVANT LEADERSHIP SIGNS THE GRANT AGREEMENT AND SUBMITS IT BACK TO THE NSTMF TO BE FILED. AFTER EACH GRANT TERM (TYPICALLY SEPTEMBER TO JUNE) THE GRANTEE IS REQUIRED TO PROVIDE AN UPDATE ON THE USAGE OF FUNDS THROUGH A FINANCIAL REPORTING DOCUMENT WHICH IS THEN KEPT ON FILE. IF FUNDS WERE NOT USED BEFORE THE COMPLETION OF THE GRANT TERM, THE GRANTEE IS AFFORDED THE FLEXIBILITY TO USE THE FUNDS TO SUPPORT THE INSTEM PROGRAM PROMPTLY. ANNUALLY AND FOLLOWING THE CONCLUSION OF THE GRANT TERM, THE GRANTEE IS REQUIRED TO SUBMIT A GRANT REPORT TO THE NSTMF THAT INCLUDES A NARRATIVE ACCOUNT OF THE ACTIVITIES FINANCED BY THE GRANT AND A COMPLETE FINANCIAL REPORT SHOWING ALL FUNDS RECEIVED AND EXPENDED FOR THE PURPOSES OF THE GRANT.
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