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Nonprofiteer
← SCIENCE AND TECHNOLOGY FUTURES INC

Form 990 for tax year 2023

Filed by SCIENCE AND TECHNOLOGY FUTURES INC.

Totals

Total revenue
$7,361,436
Total expenses
$1,883,645
Contributions and grants received
$7,341,750
Grants paid
$0
Program service revenue
$4,000
Investment income
$14,318
Other revenue
$1,368
Total assets, end of year
$8,073,696
Total liabilities, end of year
$141,455
Net assets or fund balances, end of year
$7,932,241
Program services expenses (Part IX)
$1,757,398
Management and general expenses
$116,602
Fundraising expenses
$9,645
Program service expenses (Part III)
$1,757,398

Program services were 93.3% 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

    $7,341,750

  • 2a · Program service revenue: CONFERENCES

    total $4,000 · related or exempt $4,000

  • 3 · Investment income

    total $14,318 · excluded $14,318

  • 11d · All other revenue

    total $1,368 · excluded $1,368

  • 11e · Other revenue, total

    $1,368

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $250,632 · program services $215,302 · management and general $30,554 · fundraising $4,776

  • 7 · Other salaries and wages

    total $179,637 · program services $156,674 · management and general $19,488 · fundraising $3,475

  • 8 · Pension plan contributions

    total $11,390 · program services $9,784 · management and general $1,389 · fundraising $217

  • 9 · Other employee benefits

    total $28,091 · program services $24,131 · management and general $3,425 · fundraising $535

  • 10 · Payroll taxes

    total $33,674 · program services $28,927 · management and general $4,105 · fundraising $642

  • 11b · Fees: legal

    total $22,024 · program services $11,500 · management and general $10,524

  • 11c · Fees: accounting

    total $30,790 · management and general $30,790

  • 11g · Fees: other

    total $1,076,857 · program services $1,071,701 · management and general $5,156

  • 13 · Office expenses

    total $52,168 · program services $49,333 · management and general $2,835

  • 17 · Travel

    total $128,628 · program services $128,628

  • 19 · Conferences, conventions and meetings

    total $28,352 · program services $28,352

  • 23 · Insurance

    total $8,301 · program services $1,650 · management and general $6,651

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $32,298 · program services $31,283 · management and general $1,015

  • 24e · All other expenses

    total $803 · program services $133 · management and general $670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,492,376 · end of year $3,266,933

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $2,664,263

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $2,130,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $12,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,926 · end of year $141,455

  • 27 · Net assets without donor restrictions

    beginning of year $116,045 · end of year $367,740

  • 28 · Net assets with donor restrictions

    beginning of year $2,338,405 · end of year $7,564,501

Mission and programs · 2023

Mission

SCIENCE AND TECHNOLOGY FUTURES, INC.'S MISSION IS TO IDENTIFY AND SUPPORT SCIENTISTS, ENGINEERS, AND OTHER INNOVATORS WITH AN INTEREST IN SHAPING THE NATIONAL/GLOBAL RESEARCH AGENDA. WE WILL FOSTER, SUPPORT, PROMOTE, AND CONDUCT PROGRAMS, PROJECTS, AND ACTIVITIES DESIGNED TO DEVELOP AND ACCELERATE SCIENTIFIC AND TECHNOLOGICAL RESEARCH AND INNOVATION IN THE PUBLIC INTEREST, INCLUDING, WITHOUT LIMITATION, THROUGH ADMINISTERING RESEARCH GRANT PROGRAMS, WHITEPAPER COMPETITIONS, SCIENTIFIC AGENDA-SETTING ACTIVITIES, AND FISCAL SPONSORSHIP OF OTHER MISSION-ALIGNED ORGANIZATIONS.

  • ALIGN TO INNOVATE (F.K.A. OPEN DATASETS INITIATIVE): ALIGN TO INNOVATE IS WORKING AT THE INTERSECTION OF BIOLOGY AND AI TO IMPROVE LIFE SCIENCE RESEARCH WITH PROGRAMMABLE EXPERIMENTS. THEY USE AUTOMATION AS A FOCAL POINT TO ALIGN THE INCENTIVES OF RESEARCHERS WORLDWIDE TO IDENTIFY AND EXECUTE LARGE, COLLABORATIVE, DATA-INTENSIVE PROJECTS. WE ACCELERATE THESE PROJECTS BY CREATING VENUES FOR AGENDA SETTING, FACILITATING COLLABORATIONS, AND REMOVING TECHNICAL BOTTLENECKS FROM THE ECOSYSTEM. WE AIM TO MOVE THE FIELD TOWARD A NEW PARADIGM OF AUTOMATION-FIRST LIFE SCIENCE RESEARCH.

    Expenses $1,369,748

  • PROBABILISTIC PROGRAMMING: THE TEAM STRIVES TO MAKE ADVANCEMENTS IN AI THAT UNDERSTANDS THE WORLD LIKE PEOPLE DO, VIA PROBABILISTIC PROGRAMMING. TO CONTRIBUTE TO THIS MISSION, THE PROBABILISTIC PROGRAMMING TEAM MAKES CONTRIBUTIONS IN THE FORM OF SOFTWARE CODE, PLANNING, AND STRATEGY TO VARIOUS OPEN-SOURCED TECHNOLOGIES, INCLUDING GENJAX AND INFERENCEQL WHICH ARE COMPONENTS OF OPENGEN.

    Expenses $203,733

  • AI FOR SCIENCE: "AI FOR SCIENCE" PROJECT DISCOVERY IS AN INITIATIVE TO IDENTIFY PROJECTS WITHIN THE "AI FOR SCIENCE" SPACE THAT WOULD ACCELERATE PROGRESS AND SERVE THE PUBLIC GOOD. THIS INCLUDES SURFACING DEMAND FOR SPECIFIC DATASETS, SHARED RESOURCES, AND OTHER HIGH-IMPACT OPPORTUNITIES THAT ARE NOT CURRENTLY BEING ADEQUATELY FUNDED.

    Expenses $90,013

  • AI FOR MATERIALS SCIENCE: THE FOCUS OF THIS PROJECT IS TO DESIGN AN INITIATIVE THAT WILL USE AI TO ACCELERATE PROGRESS IN MATERIALS SCIENCE USING AN APPROACH CALLED "ELECTRONIC STRUCTURE BY DESIGN." THIS COULD DRAMATICALLY REDUCE THE TIME AND COST ASSOCIATED WITH DISCOVERING NEW MATERIALS WITH NOVEL AND USEFUL PROPERTIES. FOR EXAMPLE, HIGH-TEMPERATE SUPERCONDUCTORS WOULD INCREASE THE EFFICIENCY OF THE POWER GRID, AND ADVANCES IN THERMOELECTRIC MATERIALS WOULD ALLOW US TO TURN WASTE HEAT INTO ELECTRICITY.

    Expenses $34,650

  • OUTER RING: THE PROJECT SUPPORTS THE LAUNCH OF OUTER RING. OUTER RING WILL PROVIDE FUNDING AND INCUBATION SERVICES FOR ORGANIZATIONS DOING WORK IN SUPPORT OF A SAFE, STABLE, AND SHARED FUTURE WITH ADVANCED ARTIFICIAL INTELLIGENCE. IT WILL SUPPORT PROJECTS IN THE NON-TECHNICAL REALMS OF GOVERNANCE, COMMUNICATIONS, AND LAW, AS WELL AS TECHNICAL PROJECTS SUCH AS EVALUATIONS, STANDARD-SETTING, AND ALIGNMENT RESEARCH.

    Expenses $22,500

  • OPEN REACTION DATABASE: THE OPEN REACTION DATABASE (ORD) IS A COLLABORATIVE, OPEN DATA INITIATIVE TO SUPPORT THE STRUCTURING AND SHARING OF ORGANIC REACTION DATA. THIS PROJECT PROVIDES CRITICAL SUPPORT TO INCREASE THE ADOPTION AND IMPACT OF ORD THROUGH PERSONNEL, DATA CURATION, TARGETED DATA GENERATION, AND REDUCING BARRIERS TO CONTRIBUTION. THIS PROJECT INCREASE AWARENESS AND ADOPTION OF ORD, LEADING TO INCREASED DATA SHARING AND CROSS-INSTITUTIONAL COLLABORATION IN BOTH DATA GENERATION AND MODEL-DRIVEN REACTION OPTIMIZATION.

    Expenses $20,052

  • NUCLEAR ELECTRIC PROPULSION: THE PROJECT SUPPORTS THE ADVANCEMENT OF NUCLEAR ELECTRIC PROPULSION (NEP) TECHNOLOGY FOR BY INCREASING COLLABORATION BETWEEN VARIOUS STAKEHOLDERS IN THE SPACE (E.G., GOVERNMENT INSTITUTIONS, UNIVERSITIES, PRIVATE AND PUBLIC RESEARCH ORGANIZATIONS).

    Expenses $16,702 · Revenue $4,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Deming

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Jose Luis Ricon

    VICE PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Anastasia Gamick

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Martin Borch Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Nicholas Gjokaj

    EXECUTIVE DIRECTOR

    Total calculated
    $56,337
    From this org
    $56,337
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • Peter Kelly

    PROGRAM DIRECTOR (FROM 07/2023)

    Total calculated
    $194,295
    From this org
    $187,630
    From related orgs
    $0
    Other
    $6,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,742
    Bonus
    $10,000
    Other
    $12,888
    Deferred
    $6,665
    Nontaxable benefits
    $0
    Filer's total
    $194,295
  • Tj Burnette

    PROGRAM MANAGER (FROM 01/2023)

    Total calculated
    $152,956
    From this org
    $144,752
    From related orgs
    $0
    Other
    $8,204
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,352
    Bonus
    $13,400
    Other
    $0
    Deferred
    $7,454
    Nontaxable benefits
    $750
    Filer's total
    $152,956

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

  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
10 April 2024
IRS schema version
2023v5.0
Source object
202421049349300022

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