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← CONRAD FOUNDATION

Form 990 for tax year 2022

Filed by CONRAD FOUNDATION.

Totals

Total revenue
$797,841
Total expenses
$899,707
Contributions and grants received
$607,521
Grants paid
$117,671
Program service revenue
$190,283
Investment income
$37
Other revenue
$0
Total assets, end of year
$292,645
Total liabilities, end of year
$50,000
Net assets or fund balances, end of year
$242,645
Program services expenses (Part IX)
$778,603
Management and general expenses
$16,164
Fundraising expenses
$104,940
Program service expenses (Part III)
$778,603

Program services were 86.5% 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.

  • 1c · Fundraising events

    $9,740

  • 1e · Government grants (contributions)

    $35,000

  • 1f · All other contributions, gifts and grants

    $562,781

  • 1g · Noncash contributions included above

    $159,084

  • 2a · Program service revenue: EVENT REGISTRATION FEES

    total $174,783 · related or exempt $174,783

  • 2b · Program service revenue: LICENSING INCOME

    total $10,000 · related or exempt $10,000

  • 2c · Program service revenue: SPONSOR AWARDS REIMBURSEMENT

    total $5,500 · related or exempt $5,500

  • 3 · Investment income

    total $37 · related or exempt $37

  • 8a · Fundraising events: contributions included on line 1c

    $9,740

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,268 · program services $102,268

  • 2 · Grants to domestic individuals

    total $15,403 · program services $15,403

  • 11a · Fees: management

    total $485,000 · program services $485,000

  • 11b · Fees: legal

    total $315 · program services $315

  • 11c · Fees: accounting

    total $16,250 · program services $5,677 · management and general $10,573

  • 11g · Fees: other

    total $161,170 · program services $68,045 · management and general $125 · fundraising $93,000

  • 12 · Advertising and promotion

    total $13,918 · program services $12,476 · fundraising $1,442

  • 13 · Office expenses

    total $30,541 · program services $28,055 · management and general $1,963 · fundraising $523

  • 14 · Information technology

    total $5,600 · program services $4,388 · management and general $1,212

  • 16 · Occupancy

    total $28,638 · program services $18,179 · management and general $719 · fundraising $9,740

  • 17 · Travel

    total $28,865 · program services $28,583 · management and general $47 · fundraising $235

  • 23 · Insurance

    total $1,500 · management and general $1,500

  • 24a · Other expenses: PHOTOGRAPHY & VIDEO

    total $9,890 · program services $9,890

  • 24b · Other expenses: MEALS

    total $164 · program services $164

  • 24c · Other expenses: VIRTUAL INNOVATION SUMMIT

    total $160 · program services $160

  • 24d · Other expenses: CALIFORNIA FRANCHISE TAX

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $356,515 · end of year $222,102

  • 3 · Pledges and grants receivable

    beginning of year $40,686

  • 4 · Accounts receivable

    end of year $1,996

  • 8 · Inventories for sale or use

    beginning of year $3,138 · end of year $68,547

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

    $6,250

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

    $6,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,828 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $344,511 · end of year $152,645

  • 28 · Net assets with donor restrictions

    end of year $90,000

Mission and programs · 2022

Mission

THE CONRAD FOUNDATION IS A 501C3 ORGANIZATION DEDICATED TO TRANSFORMING THE CURRENT METHODS OF TEACHING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) TO STUDENTS AGES 13-18. WE PROMOTE CONTEXTUAL LEARNING, INNOVATION AND ENTREPRENEURSHIP, AND FOSTER STUDENTS' ABILITIES TO APPLY THESE SKILLS TO BENEFIT HUMANITY AND TO CREATE A SUSTAINABLE WORLD FOR THIS AND FUTURE GENERATIONS. THE FOUNDATION IS THE ONLY ORGANIZATION OF ITS KIND TO COMBINE EDUCATION, INNOVATION AND ENTREPRENEURSHIP TO INSPIRE REAL WORLD SOLUTIONS DEVELOPED BY STUDENTS.

Activities or mission (Part I)

THE CONRAD FOUNDATION IS A 501C3 ORGANIZATION DEDICATED TO TRANSFORMING THE CURRENT METHODS OF TEACHING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) TO STUDENTS AGES 13-18. SEE SCHEDULE O FOR EXPANDED MISSION STATEMENT.

  • THE CONRAD FOUNDATION'S CONRAD CHALLENGE BRINGS TOGETHER A DYNAMIC COMMUNITY OF INNOVATORS AND ENTREPRENEURS DRIVING A COLLABORATIVE MOVEMENT TO DEVELOP EXTRAORDINARY AND VIABLE SOLUTIONS TO BENEFIT OUR WORLD IN ONE OF FOUR AREAS: AEROSPACE & AVIATION, CYBER TECHNOLOGY & SECURITY, ENERGY & ENVIRONMENT, AND HEALTH & NUTRITION. THE ANNUAL BUSINESS AND TECHNICAL PLAN COMPETITION CHALLENGES TEAMS OF STUDENTS AGES 13-18 TO COMBINE INNOVATION AND ENTREPRENEURSHIP, ALONG WITH STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH), TO CREATE COMMERCIALLY-VIABLE PRODUCTS. THE CONRAD CHALLENGE REACHES ALL SOCIO-ECONOMIC LEVELS.

    Expenses $778,603 · Grants $117,671 · Revenue $190,283

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

Listed in Part VII

  • Nancy Conrad

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    40

  • Nicolas Costides

    PRESIDENT &

    Total calculated
    $0
    Hours/week
    5

  • Andy Steinem

    TREASURER &

    Total calculated
    $0
    Hours/week
    5

  • Laura Peter

    SECRETARY &

    Total calculated
    $0
    Hours/week
    5

  • Jack Griem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Craig Gelfound

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ron Gross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Akhil Jariwala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrea Lee-Zucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Regina Schofield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Simon Glinsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Joseph H Rothenberg

    FORMER OFFIC

    Total calculated
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported

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

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

  • KC SOCIAL IMPACT LAB LLC

    no cash amount reported

    ACCESS TO TECHNOLOGY

  • UNREASONABLE KIDS COLLEGE

    no cash amount reported

    ACCESS TO TECHNOLOGY

Provenance

Return type
form_990
Tax year
2022
Filed
13 June 2023
IRS schema version
2022v5.0
Source object
202332289349300943

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