Civic Intelligence

National Science and Technology Medals Foundation Inc

990 • Fiscal year 2020 • EIN 52-1703587

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 22, 2021

3222 N Street NW Ste 300Washington, DC 20007

(202) 333-5550

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

83rd percentile

33%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$156,657

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

76th percentile

25%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

41%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,176,896

Up $435,222 (+25%) from 2019

Net Assets

Up

$2,175,855

Up $524,589 (+32%) from 2019

Liabilities

Down

$1,041

Down $89,367 (-99%) from 2019

Revenue

Up

$1,605,768

Up $465,964 (+41%) from 2019

Expenses

Up

$1,081,179

Up $57,611 (+5.6%) from 2019

Net Income

Up

$524,589

Up $408,353 (+351%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$2,176,896
Liabilities$1,041
Net Assets$2,175,855

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$1,605,768
Expenses$1,081,179
Net Income$524,589
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 22, 2021
Return Version
2020v4.0
Gross Receipts
$1,630,158
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$1,379,371$1,280,844▼ $98,527
Pledges and Grants Receivable$301,500$500,000▲ $198,500
Cash and Non-Interest-Bearing Accounts$59,778$348,802▲ $289,024
Prepaid Expenses and Deferred Charges-$42,227-
Land, Buildings, and Equipment, Net-$3,998-
Total Assets$1,741,674$2,176,896▲ $435,222
Other Assets Total$1,025$1,025→ $0
Liabilities
Deferred Revenue$40,000--
Accounts Payable and Accrued Expenses$50,408$1,041▼ $49,367
Total Liabilities$90,408$1,041▼ $89,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,351,266$2,175,855▲ $824,589
Net Assets With Donor Restrictions$300,000--
Total Net Assets Fund Balance$1,651,266$2,175,855▲ $524,589
Total Liabilities and Net Assets / Fund Balance$1,741,674$2,176,896▲ $435,222

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,998$503$4,501
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew Rathmann-noonanExecutive DiFT$141,657$15,000$156,657
Andrew Rathmann-noonanExecutive Director-$141,657$15,000$156,657
Allison C CourtinEmployeeFT$127,850$10,000$137,850
Laura C CharityEmployeeFT$121,842$10,000$131,842

Board Members and Trustees

NameTitle
James RathmannPresident
Afua BruceBoard Member
Megan RobertsBoard Member
Monique DorsainvilBoard Member
Richard J Elkus JrBoard Member
Robin Rathmann-noonanBoard Member
Smita SatianiBoard Member
Todd ElmerBoard Member
Vinton CerfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,603,372
Program Service Revenue
$0
Investment Income
$2,396
Other Revenue
$0
All Other Contributions
$1,410,240
Change in Net Assets
$524,589

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,605,768
Total Revenue per Audited Statements
$1,605,768
Total Revenue per Form 990
$1,605,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$615,421
Other Expenses$465,758
Total Fundraising Expense$210,874
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$290,927$67,574$38,240$396,741
Current Officers, Directors, Trustees, and Key Employees-$42,497$99,160$141,657
Depreciation Depletion$98,526$504-$99,030
Fees for Services Legal$15,175$31,883-$47,058
Payroll Taxes$24,694$9,343$11,661$45,698
Fees for Services Other$11,450$32,215-$43,665
Occupancy$19,450$7,359$9,186$35,995
Other Employee Benefits$16,927$6,404$7,994$31,325
Fees for Services Accounting$5,660$2,142$2,673$10,475
Conferences and Meetings$5,014$1,897$2,368$9,279
Other Expenses$3,228$1,221$1,525$5,974
All Other Expenses$1,951$2,408$921$5,280
Office Expenses$2,358$892$1,379$4,629
Insurance$858$324$405$1,587
Travel--$815$815
Total Functional Expenses$644,925$225,380$210,874$1,081,179

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,081,179
Total Expenses per Audited Statements$1,081,179
Total Expenses per Form 990$1,081,179
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 AttachedW-2 Wages & BenefitsNo$194,156
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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

James rathmann andrew rathmann-noonan board chair exe director father-son relationship robin rathmann-noonan andrew rathmann-noonan board member exe director sibling relationship james rathmann rathmann family foundation board chair major donor board member of both

Form 990, Page 6, Part VI, Line 4

Effective december 10, 2020, the national science & technology medals foundation (the "foundation") filed amended and restated articles of incorporation with the district of columbia department of consumer and regulatory affairs. The amended and restated articles of incorporation continue to require that the foundation be organized and operated exclusively for tax-exempt purposes but expand the specific ways in which the foundation carries out its stated tax-exempt purposes. Specifically, the foundation's amended and restated articles of incorporation now provide that the foundation is organized and shall be operated exclusively for charitable, educational, scientific, and literary purposes, within the meaning of section 501(c)(3) of the internal revenue code of 1986 (or corresponding provisions of any subsequent federal tax laws); and within such limits, to further scientific and educational purposes, primarily (1) by promoting the national medal of technology, established by the stevenson-wydler technology innovation act of 1980, public law no. 96-480, 94 stat. 2311, and the national medal of science, established by act of congress under public law no. 86-209 (collectively, the "awards") through (a) soliciting funds needed to promote the awards; (b) increasing public recognition of the awards; and (c) assisting the united states secretary of commerce in administering the national technology medal award; and (2) by working to build inclusive stem communities across the united states, including by fostering connections between individuals who have received national recognition for excellence in stem and today's diverse generation of college and high school students; and consistent with the foregoing, to exercise all powers available to corporations organized pursuant to the district of columbia nonprofit corporation act. A conforming change also was made in 2020 to the foundation's bylaws.

Form 990, Page 6, Part VI, Line 8B

The full board act on the recommendations of the committees.

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

Tax returns (form 990s) are prepared by an outside accountant. A draft of the form 990 is reviewed and approved by the board along with the audited financial statements.

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

Board members sign "conflict of interest policy annual disclosure" at the start of each calender year of the organization. The policy covers the following areas: compensation from the medals and or related organization for services rendered to an officer or employee. If the individual has received more than 10,000 as an independent contractor. If there are family or business relationships with other officers, directors or key employees of the medals. Failure to disclose any of the above and or if there are existing conflicts, the board will convene independently of the interested person. If the board determines that an individual is deemed to have a conflict of interest, the individual will recuse himself or herself.

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

The pay of the executive director is evaluated by the board of directors minus interested persons. The board recommends and approves executive board.

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
3222 N STREET NW STE 300, WASHINGTON, DC 20007

Signing Officer

Name
Andrew Rathmann-noonan
Title
Executive Director
Phone
2023335550
Signed
2021-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Rathmann-noonan
Formed
1990
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
7
Employees
5

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 2

Stem spotlight: is a series of live-streamed and pre-recorded events with stem experts and 20 to 40 students. In coordination with stem-focused student organizations and classes, the nstmf facilitates a conversation - not a lecture - that provides stem experts the space to share stories of their work and the obstacles they have faced. Students can respond in real-time with their stories and their questions. With a maximum of just 40 student attendees, all participants can join the conversation with their ideas. In 2020 the nstmf hosted 9 events and coordinated with institutions and students across the country. 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. The nstmf launched instem at howard university in the fall of 2020. 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 4C

"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 fifth 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, an annual 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.

Financial Statement Notes

Schedule D, Page 3, Part X

For the year ended december 31, 2020, 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED DECEMBER 31, 2020, 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STEM SPOTLIGHT: IS A SERIES OF LIVE-STREAMED AND PRE-RECORDED EVENTS WITH STEM EXPERTS AND 20 TO 40 STUDENTS. IN COORDINATION WITH STEM-FOCUSED STUDENT ORGANIZATIONS AND CLASSES, THE NSTMF FACILITATES A CONVERSATION - NOT A LECTURE - THAT PROVIDES STEM EXPERTS THE SPACE TO SHARE STORIES OF THEIR WORK AND THE OBSTACLES THEY HAVE FACED. STUDENTS CAN RESPOND IN REAL-TIME WITH THEIR STORIES AND THEIR QUESTIONS. WITH A MAXIMUM OF JUST 40 STUDENT ATTENDEES, ALL PARTICIPANTS CAN JOIN THE CONVERSATION WITH THEIR IDEAS. IN 2020 THE NSTMF HOSTED 9 EVENTS AND COORDINATED WITH INSTITUTIONS AND STUDENTS ACROSS THE COUNTRY. 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. THE NSTMF LAUNCHED INSTEM AT HOWARD UNIVERSITY IN THE FALL OF 2020. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2"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 FIFTH 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NATIONAL 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, AN ANNUAL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JAMES RATHMANN ANDREW RATHMANN-NOONAN BOARD CHAIR EXE DIRECTOR FATHER-SON RELATIONSHIP ROBIN RATHMANN-NOONAN ANDREW RATHMANN-NOONAN BOARD MEMBER EXE DIRECTOR SIBLING RELATIONSHIP JAMES RATHMANN RATHMANN FAMILY FOUNDATION BOARD CHAIR MAJOR DONOR BOARD MEMBER OF BOTH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EFFECTIVE DECEMBER 10, 2020, THE NATIONAL SCIENCE & TECHNOLOGY MEDALS FOUNDATION (THE "FOUNDATION") FILED AMENDED AND RESTATED ARTICLES OF INCORPORATION WITH THE DISTRICT OF COLUMBIA DEPARTMENT OF CONSUMER AND REGULATORY AFFAIRS. THE AMENDED AND RESTATED ARTICLES OF INCORPORATION CONTINUE TO REQUIRE THAT THE FOUNDATION BE ORGANIZED AND OPERATED EXCLUSIVELY FOR TAX-EXEMPT PURPOSES BUT EXPAND THE SPECIFIC WAYS IN WHICH THE FOUNDATION CARRIES OUT ITS STATED TAX-EXEMPT PURPOSES. SPECIFICALLY, THE FOUNDATION'S AMENDED AND RESTATED ARTICLES OF INCORPORATION NOW PROVIDE THAT THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAWS); AND WITHIN SUCH LIMITS, TO FURTHER SCIENTIFIC AND EDUCATIONAL PURPOSES, PRIMARILY (1) BY PROMOTING THE NATIONAL MEDAL OF TECHNOLOGY, ESTABLISHED BY THE STEVENSON-WYDLER TECHNOLOGY INNOVATION ACT OF 1980, PUBLIC LAW NO. 96-480, 94 STAT. 2311, AND THE NATIONAL MEDAL OF SCIENCE, ESTABLISHED BY ACT OF CONGRESS UNDER PUBLIC LAW NO. 86-209 (COLLECTIVELY, THE "AWARDS") THROUGH (A) SOLICITING FUNDS NEEDED TO PROMOTE THE AWARDS; (B) INCREASING PUBLIC RECOGNITION OF THE AWARDS; AND (C) ASSISTING THE UNITED STATES SECRETARY OF COMMERCE IN ADMINISTERING THE NATIONAL TECHNOLOGY MEDAL AWARD; AND (2) BY WORKING TO BUILD INCLUSIVE STEM COMMUNITIES ACROSS THE UNITED STATES, INCLUDING BY FOSTERING CONNECTIONS BETWEEN INDIVIDUALS WHO HAVE RECEIVED NATIONAL RECOGNITION FOR EXCELLENCE IN STEM AND TODAY'S DIVERSE GENERATION OF COLLEGE AND HIGH SCHOOL STUDENTS; AND CONSISTENT WITH THE FOREGOING, TO EXERCISE ALL POWERS AVAILABLE TO CORPORATIONS ORGANIZED PURSUANT TO THE DISTRICT OF COLUMBIA NONPROFIT CORPORATION ACT. A CONFORMING CHANGE ALSO WAS MADE IN 2020 TO THE FOUNDATION'S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FULL BOARD ACT ON THE RECOMMENDATIONS OF THE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TAX RETURNS (FORM 990S) ARE PREPARED BY AN OUTSIDE ACCOUNTANT. A DRAFT OF THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD ALONG WITH THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BOARD MEMBERS SIGN "CONFLICT OF INTEREST POLICY ANNUAL DISCLOSURE" AT THE START OF EACH CALENDER YEAR OF THE ORGANIZATION. THE POLICY COVERS THE FOLLOWING AREAS: COMPENSATION FROM THE MEDALS AND OR RELATED ORGANIZATION FOR SERVICES RENDERED TO AN OFFICER OR EMPLOYEE. IF THE INDIVIDUAL HAS RECEIVED MORE THAN 10,000 AS AN INDEPENDENT CONTRACTOR. IF THERE ARE FAMILY OR BUSINESS RELATIONSHIPS WITH OTHER OFFICERS, DIRECTORS OR KEY EMPLOYEES OF THE MEDALS. FAILURE TO DISCLOSE ANY OF THE ABOVE AND OR IF THERE ARE EXISTING CONFLICTS, THE BOARD WILL CONVENE INDEPENDENTLY OF THE INTERESTED PERSON. IF THE BOARD DETERMINES THAT AN INDIVIDUAL IS DEEMED TO HAVE A CONFLICT OF INTEREST, THE INDIVIDUAL WILL RECUSE HIMSELF OR HERSELF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE PAY OF THE EXECUTIVE DIRECTOR IS EVALUATED BY THE BOARD OF DIRECTORS MINUS INTERESTED PERSONS. THE BOARD RECOMMENDS AND APPROVES EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST THE FOLLOWING GOVERNING DOCUMENTS: AUDITED FINANCIAL STATEMENTS BY LAWS FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 8B

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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