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Nonprofiteer
← IGEM FOUNDATION INC

Form 990 for tax year 2024

Filed by IGEM FOUNDATION INC.

Totals

Total revenue
$6,496,323
Total expenses
$6,292,382
Contributions and grants received
$150,002
Grants paid
$0
Program service revenue
$6,326,667
Investment income
$19,654
Other revenue
$0
Total assets, end of year
$1,716,033
Total liabilities, end of year
$1,284,936
Net assets or fund balances, end of year
$431,097
Program services expenses (Part IX)
$5,270,580
Management and general expenses
$1,021,802
Fundraising expenses
$0
Program service expenses (Part III)
$5,270,580

Program services were 83.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $150,002

  • 2a · Program service revenue: PROGRAM FEES

    total $5,755,687 · related or exempt $5,755,687 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SPONSOR REVENUE

    total $570,980 · related or exempt $570,980 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $19,654 · related or exempt $0 · unrelated business $0 · excluded $19,654

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $875,540 · program services $700,432 · management and general $175,108 · fundraising $0

  • 8 · Pension plan contributions

    total $4,290 · program services $3,432 · management and general $858 · fundraising $0

  • 9 · Other employee benefits

    total $12,952 · program services $10,362 · management and general $2,590 · fundraising $0

  • 10 · Payroll taxes

    total $292,393 · program services $233,914 · management and general $58,479 · fundraising $0

  • 11b · Fees: legal

    total $60,164 · program services $0 · management and general $60,164 · fundraising $0

  • 11c · Fees: accounting

    total $112,361 · program services $0 · management and general $112,361 · fundraising $0

  • 11g · Fees: other

    total $892,446 · program services $891,039 · management and general $1,407 · fundraising $0

  • 13 · Office expenses

    total $116,413 · program services $91,684 · management and general $24,729 · fundraising $0

  • 14 · Information technology

    total $126,896 · program services $101,517 · management and general $25,379 · fundraising $0

  • 16 · Occupancy

    total $350,386 · program services $0 · management and general $350,386 · fundraising $0

  • 17 · Travel

    total $376,051 · program services $334,610 · management and general $41,441 · fundraising $0

  • 24a · Other expenses: JAMBOREE EVENT EXPENSES

    total $2,903,590 · program services $2,903,590

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $151,342 · management and general $151,342

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $17,558 · management and general $17,558

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,901 · end of year $300,735

  • 2 · Savings and temporary cash investments

    beginning of year $732,860 · end of year $1,034,247

  • 4 · Accounts receivable

    beginning of year $221,500 · end of year $38,000

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $550 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $6,990

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $6,990 · end of year $336,061

  • 17 · Accounts payable and accrued expenses

    beginning of year $492,248 · end of year $1,244,936

  • 19 · Deferred revenue

    beginning of year $1,900 · end of year $40,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $327,497 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $227,156 · end of year $431,097

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

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.

  • IGEM FOUNDATION FOSTERS SCIENTIFIC RESEARCH AND EDUCATION THROUGH THE ORGANIZATION AND OPERATION OF THE IGEM COMPETITION, THE WORLD'S PREMIER STUDENT SYNTHETIC BIOLOGY COMPETITION. IN 2024, IGEM ENGAGED MORE THAN 400 STUDENT TEAMS AND INSTITUTIONS GLOBALLY AND OVER 10,000 PARTICIPANTS FROM 45 COUNTRIES-THE HIGHEST PARTICIPATION IN ITS HISTORY. THE ANNUAL IGEM GRAND JAMBOREE IS THE CULMINATING EVENT OF THE COMPETITION, WHERE TEAMS PRESENT THEIR WORK AND COMPETE FOR AWARDS. IT BROUGHT TOGETHER 4300 STUDENTS, RESEARCHERS, AND INDUSTRY LEADERS, PROMOTING GLOBAL COLLABORATION IN SCIENCE AND ENGINEERING. IGEM ALSO OPERATES THE REGISTRY OF STANDARD BIOLOGICAL PARTS, A COMMUNITY RESOURCE THAT NOW INCLUDES MORE THAN 74,000 CONTRIBUTIONS. THROUGH ITS INITIATIVES, IGEM PROMOTES EDUCATION, BIOSAFETY, RESPONSIBLE INNOVATION, SUPPORTING THE NEXT GENERATION OF SYNTHETIC BIOLOGY LEADERS IN SCHOOLS, LABORATORIES, RESEARCH INSTITUTES, AND INDUSTRY.

    Expenses $5,270,580 · Revenue $6,326,667

As filed on the 2024 return.

Listed in Part VII

  • Randall Rettberg

    PRESIDENT (THRU 7/16/24)/DIRECTOR

    Total calculated
    $183,600
    From this org
    $0
    From related orgs
    $183,600
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $183,600 related
  • Thomas Knight

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Ariel Lindner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Drew Endy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Cumbers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • King Chow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Megan Palmer

    DIRECTOR (THRU 11/18/24)

    Total calculated
    $0
    Hours/week
    1
  • Pam Silver

    DIRECTOR (THRU 3/24/24)

    Total calculated
    $0
    Hours/week
    1
  • Richard Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nan Zhang

    EXECUTIVE VICE PRESIDENT (AS OF 10/27/24)

    Total calculated
    $98,120
    From this org
    $0
    From related orgs
    $98,120
    Other
    $0
    Hours/week
    5 + 35 related
  • Nemanja Stijepovic

    PRESIDENT & CEO (AS OF 7/17/24) (EVP/COO THRU 7/16/24)

    Total calculated
    $121,442
    From this org
    $0
    From related orgs
    $121,442
    Other
    $0
    Hours/week
    20 + 20 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part III
THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZATION RECEIVED COMPENSATION FROM IGEM EUROPE, A RELATED TAXABLE CORPORATION. THE METHODS USED TO ESTABLISH COMPENSATION INCLUDED COMPENSATION COMMITTEE AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • IGEM EUROPE

    C Corporation · FOSTERING SCIENTIFIC RESEARCH AND EDUCATION · FR · 100% owned · share of income $3,013,474 · share of assets $815,687 · controlled entity

    Directly controlled by IGEM FOUNDATION INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202533219349322143

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