Financial Information
ÒùÈËÉ«ÓûÉç’s Federal ID number is 53-0196483 and its Combined Federal Campaign number is 92454. The ÒùÈËÉ«ÓûÉç encourages support from organizations, corporations, and individual donors and members.
Financial Update
In keeping with nonprofit standards and best practices, the ÒùÈËÉ«ÓûÉç is pleased to provide access to its recent financial documents and audit results to interested donors and other parties.Â
ÒùÈËÉ«ÓûÉç operates within three broad areas of program work: (1) science journalism, (2) world-class science competitions for high school and middle school students and (3) outreach and equity programming.Â
Thanks to the support and generosity of our philanthropic partners, donors, members, volunteers, alumni and educators, ÒùÈËÉ«ÓûÉç is in a strong financial position.
In 2023, 85 cents of every dollar donated to ÒùÈËÉ«ÓûÉç supported our programmatic work, advancing our mission through our three strategic program areas of world-class ÒùÈËÉ«ÓûÉç competitions, ÒùÈËÉ«ÓûÉç outreach and equity programs, and science journalism.
Science competitions and in-person activities accounted for 52% of program spending.
Our growing outreach and equity programming, which seeks to expand access to ÒùÈËÉ«ÓûÉç opportunities, together with our work aimed at building our alumni community, accounted for 14% of program spending.
Science News Media Group’s work accounted for 34% of program spending.
The remaining 15 cents of every expense dollar were allocated to general and administrative costs (7 cents) and fundraising (8 cents).
The overall balance sheet of ÒùÈËÉ«ÓûÉç continues to be healthy, with total net assets of $100 million, composed of unrestricted net assets of $25 million and restricted net assets of $75 million.
The ÒùÈËÉ«ÓûÉç carries no long-term financing and owns its primary office real estate. As a result, unrestricted current assets exceed current liabilities by $38 million, resulting in a 4.79 ratio of current assets to current liabilities. The ÒùÈËÉ«ÓûÉç’s unrestricted investment balance is entirely liquid and accounts for 80% of current assets composed of cash, investments, prepaid expenses, and grants receivable in the next year.
The investment portfolio holdings are well diversified and professionally managed to take advantage of market growth while minimizing the risk of loss.
Restricted assets make up the largest asset class and are mostly grants receivable for future funding commitments from Regeneron and other funders for science competitions and other program work, with all receivables to be provided within the next five years.
ÒùÈËÉ«ÓûÉç is committed to responsibly managing our financial resources. Thank you to all our stakeholders for trusting us to devote your contributions to our programs’ greatest needs.
Environmental, Social and Governance Policy Statement
ÒùÈËÉ«ÓûÉç is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. We are committed to inform, educate and inspire, while staying true to our core values: innovation, integrity and inclusivity with a deep sense of responsibility for one another and for the broader world.Â
We are proud to support future innovators and evidence-based journalism. ÒùÈËÉ«ÓûÉç has built a distinguished alumni community of more than 75,000 individuals that exemplifies the power of science to make large-scale, positive impact.Â
Our reserved and endowed funds provide critical support to all of these endeavors, and we must continue to act as good stewards of these funds. We believe that open engagement with our external managers on ESG issues contributes positively to both financial and social returns, so we are evaluating our investments with this lens on an ongoing basis. Through an annual review, we will continue to incorporate a thoughtful analysis of ESG factors into our investing decisions, evolving our approach as needed to ensure it aligns with our core mission and values.Â
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