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Nonprofiteer
← IGEM FOUNDATION INC

Form 990 for tax year 2022

Filed by IGEM FOUNDATION INC.

Totals

Total revenue
$5,016,663
Total expenses
$7,418,776
Contributions and grants received
$653,602
Grants paid
$0
Program service revenue
$4,345,699
Investment income
$17,344
Other revenue
$18
Total assets, end of year
$2,021,042
Total liabilities, end of year
$456,051
Net assets or fund balances, end of year
$1,564,991
Program services expenses (Part IX)
$5,835,161
Management and general expenses
$1,583,615
Fundraising expenses
$0
Program service expenses (Part III)
$5,835,161

Program services were 78.7% 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

    $653,602

  • 2a · Program service revenue: PROGREM FEES

    total $3,898,699 · related or exempt $3,898,699

  • 2b · Program service revenue: SPONSOR REVENUE

    total $447,000 · related or exempt $447,000

  • 3 · Investment income

    total $17,344 · excluded $17,344

  • 11a · Other revenue: OTHER INCOME

    total $18 · related or exempt $18

  • 11e · Other revenue, total

    $18

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $382,341 · program services $288,543 · management and general $93,798

  • 7 · Other salaries and wages

    total $506,982 · program services $249,406 · management and general $257,576

  • 8 · Pension plan contributions

    total $20,296 · program services $16,240 · management and general $4,056

  • 9 · Other employee benefits

    total $95,112 · program services $55,627 · management and general $39,485

  • 10 · Payroll taxes

    total $31,096 · program services $24,882 · management and general $6,214

  • 11b · Fees: legal

    total $55,657 · management and general $55,657

  • 11c · Fees: accounting

    total $73,140 · program services $45,251 · management and general $27,889

  • 11g · Fees: other

    total $544,666 · program services $439,032 · management and general $105,634

  • 12 · Advertising and promotion

    total $806,825 · program services $683,076 · management and general $123,749

  • 13 · Office expenses

    total $55,047 · management and general $55,047

  • 14 · Information technology

    total $136,654 · management and general $136,654

  • 16 · Occupancy

    total $205,028 · program services $46,482 · management and general $158,546

  • 17 · Travel

    total $1,204,848 · program services $847,139 · management and general $357,709

  • 19 · Conferences, conventions and meetings

    total $6,647 · management and general $6,647

  • 22 · Depreciation, depletion and amortization

    total $10,015 · program services $4,735 · management and general $5,280

  • 23 · Insurance

    total $14,608 · management and general $14,608

  • 24a · Other expenses: JAMBOREE & OTHER EVENT

    total $3,094,483 · program services $3,094,483

  • 24b · Other expenses: OTHER EXPENSES

    total $64,754 · program services $13,002 · management and general $51,752

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $35,329 · management and general $35,329

  • 24d · Other expenses: LAB EXPENSES

    total $27,263 · program services $27,263

  • 24e · All other expenses

    total $47,985 · management and general $47,985

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,313,939 · end of year $1,046,962

  • 3 · Pledges and grants receivable

    beginning of year $750,000 · end of year $700,000

  • 4 · Accounts receivable

    beginning of year $35,045 · end of year $67,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,044 · end of year $13,754

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

    $413,562

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

    $373,305

  • 10c · Land, buildings and equipment, net

    beginning of year $19,232 · end of year $40,257

  • 15 · Other assets

    beginning of year $90,693 · end of year $153,069

  • 17 · Accounts payable and accrued expenses

    beginning of year $164,309 · end of year $374,090

  • 19 · Deferred revenue

    beginning of year $12,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $86,540 · end of year $81,961

  • 27 · Net assets without donor restrictions

    beginning of year $1,606,200 · end of year $123,920

  • 28 · Net assets with donor restrictions

    beginning of year $2,360,904 · end of year $1,441,071

Mission and programs · 2022

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.

  • - FOSTERS SCIENTIFIC RESEARCH AND EDUCATION THROUGH ORGANIZING AND OPERATING THE IGEM COMPETITION, THE PREMIER STUDENT SYNTHETIC BIOLOGY COMPETITION;- FOSTERS SCIENTIFIC RESEARCH AND EDUCATION BY ESTABLISHING AND OPERATING THE REGISTRY OF STANDARD BIOLOGICAL PARTS, A COMMUNITY COLLECTION OF BIOLOGICAL COMPONENTS- PROMOTES THE ADVANCEMENT OF SCIENCE AND EDUCATION BY DEVELOPING AN OPEN COMMUNITY OF STUDENTS AND PRACTITIONERS IN SCHOOLS, LABORATORIES, RESEARCH INSTITUTES, AND INDUSTRY

    Expenses $5,835,161 · Revenue $4,345,717

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Randall Rettberg

    CEO/PRESIDENT/DIRECTOR

    Total calculated
    $236,737
    From this org
    $236,554
    From related orgs
    $0
    Other
    $183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,554
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $183
    Filer's total
    $236,737

  • Thomas Knight

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pamela Silver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • King Chow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Drew Endy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ariel Lindner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meagan Lizarazo

    CLERK/COO/VICE PRESIDENT

    Total calculated
    $148,156
    From this org
    $145,787
    From related orgs
    $0
    Other
    $2,369
    Hours/week
    40

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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.

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 · FOSTERING SCIENTIFIC RESEARCH AND EDUCATION · FR · 100% owned · share of income $945,141 · share of assets $442,442

    Directly controlled by IGEM FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349303352

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