Civic Intelligence

National Science and Technology Medals Foundation Inc

990 • Fiscal year 2021 • EIN 52-1703587

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 13, 2022

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

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

3rd percentile

-100%

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$159,704

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 27.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

3rd percentile

-27%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-64%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,591,820

Down $585,076 (-27%) from 2020

Net Assets

Down

$1,591,820

Down $584,035 (-27%) from 2020

Liabilities

Down

$0

Down $1,041 (-100%) from 2020

Revenue

Down

$585,052

Down $1,020,716 (-64%) from 2020

Expenses

Up

$1,169,087

Up $87,908 (+8.1%) from 2020

Net Income

Down

-$584,035

Down $1,108,624 (-211%) from 2020

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

2021

Assets$1,591,820
Liabilities$0
Net Assets$1,591,820

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

2021

Revenue$585,052
Expenses$1,169,087
Net Income-$584,035
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 13, 2022
Return Version
2021v4.0
Gross Receipts
$618,343
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$1,280,844$1,179,305▼ $101,539
Pledges and Grants Receivable$500,000--
Cash and Non-Interest-Bearing Accounts$348,802$375,112▲ $26,310
Prepaid Expenses and Deferred Charges$42,227$29,702▼ $12,525
Land, Buildings, and Equipment, Net$3,998$6,676▲ $2,678
Total Assets$2,176,896$1,591,820▼ $585,076
Other Assets Total$1,025$1,025→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,041--
Total Liabilities$1,041$0▼ $1,041
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,175,855$1,466,820▼ $709,035
Net Assets With Donor Restrictions-$125,000-
Total Net Assets Fund Balance$2,175,855$1,591,820▼ $584,035
Total Liabilities and Net Assets / Fund Balance$2,176,896$1,591,820▼ $585,076

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,676$1,392$8,068
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew Rathmann-noonanPresidentFT$144,704$15,000$159,704
Laura C CharityEmployeeFT$113,750$10,000$123,750
Allison C CourtinEmployeeFT$113,400$10,000$123,400

Board Members and Trustees

NameTitle
James RathmannBoard Chair
Monique DorsainvilVice Chair
Afua BruceBoard Member
Joseph DesimoneBoard Member
Richard J Elkus JrBoard Member
Robin Rathmann-noonanBoard Member
Smita SatianiBoard Member
Todd ElmerBoard Member
Megan RobertsSecretary
Vinton CerfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$584,326
Program Service Revenue
$0
Investment Income
$726
Other Revenue
$0
All Other Contributions
$491,191
Change in Net Assets
$-584,035

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$33,291Selling Price on Exchange
Total Noncash Contributions1$33,291-

Audited Revenue Reconciliation

Revenue per Audited Statements
$585,052
Total Revenue per Audited Statements
$585,052
Total Revenue per Form 990
$585,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$736,204
Other Expenses$398,133
Total Fundraising Expense$191,245
Grants and Similar Amounts Paid$34,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$326,545$68,233$92,602$487,380
Current Officers, Directors, Trustees, and Key Employees$96,951$20,259$27,494$144,704
Fees for Services Other$64,900$35,650$5,425$105,975
Depreciation Depletion$101,540$888-$102,428
Other Employee Benefits$38,446$8,033$10,902$57,381
Payroll Taxes$31,316$6,543$8,880$46,739
Grants to Domestic Orgs$34,750--$34,750
Occupancy$19,577$4,090$5,552$29,219
Fees for Services Legal$1,954$22,045-$23,999
Fees for Services Accounting-$17,355-$17,355
Advertising$15,787$689-$16,476
Insurance-$3,325-$3,325
Office Expenses$1,919$948-$2,867
Other Expenses$6,036$2,744$40,390$2,744
All Other Expenses-$2,702-$2,702
Total Functional Expenses$757,037$220,805$191,245$1,169,087

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,169,087
Total Expenses per Audited Statements$1,169,087
Total Expenses per Form 990$1,169,087
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Texas at ArlingtonArlington, TXGovInstem Program Exp$34,750
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$159,704
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

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

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

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

All forms of compensation paid to officers and key employees are reviewed by a board-appointed compensation committee. The committee evaluates the officer or key employee's performance and considers compensation comparability data in connection with its review. The compensation committee then makes a recommendation regarding the officer or key employee's compensation that is 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
3222 N STREET NW STE 300, WASHINGTON, DC 20007

Signing Officer

Name
Andrew Rathmann-noonan
Title
President
Phone
2023335550
Signed
2022-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Rathmann-noonan
Formed
1990
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
8
Employees
8
Volunteers
14

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 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, 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.

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, 2021, 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/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/Desc0STEM 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.
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IRS990/ProgSrvcAccomActy3Grp/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 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.
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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, 2021, 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. SIX MONTHS AFTER THE FUNDS HAVE BEEN SPENT DOWN THE GRANTEE IS REQUIRED TO SUBMIT A GRANT REPORT TO THE NSTMF THAT SUMMARIZES THE USE OF THE FUNDS.
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENTS COMPENSATION IS REVIEWED BY A BOARD-APPOINTED COMPENSATION COMMITTEE. THE COMMITTEE USES PERFORMANCE METRICS AND COMPARATIVE SALARY DATA PROVIDED BY THE ECONOMIC RESEARCH INSTITUTE TO MAKE SALARY RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE ARE THEN SUBJECTED TO THE REVIEW AND APPROVAL OF THE BOARD.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE PART V
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Document Assets

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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