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← INTERACADEMY PARTNERSHIP INC

Form 990 for tax year 2023

Filed by INTERACADEMY PARTNERSHIP INC.

Totals

Total revenue
$112,355
Total expenses
$685,972
Contributions and grants received
$112,011
Grants paid
$111,831
Program service revenue
$0
Investment income
$344
Other revenue
$0
Total assets, end of year
$969,669
Total liabilities, end of year
$31,986
Net assets or fund balances, end of year
$937,683
Program services expenses (Part IX)
$415,495
Management and general expenses
$270,477
Fundraising expenses
$0
Program service expenses (Part III)
$415,495

Program services were 60.6% 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.

  • 1e · Government grants (contributions)

    $112,011

  • 3 · Investment income

    total $344 · excluded $344

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,130 · program services $3,130

  • 3 · Grants to foreign organizations and individuals

    total $108,701 · program services $108,701

  • 11b · Fees: legal

    total $1,703 · management and general $1,703

  • 11c · Fees: accounting

    total $50,013 · management and general $50,013

  • 11g · Fees: other

    total $463,722 · program services $276,269 · management and general $187,453

  • 13 · Office expenses

    total $35,425 · program services $19,766 · management and general $15,659

  • 17 · Travel

    total $16,827 · program services $7,629 · management and general $9,198

  • 23 · Insurance

    total $6,451 · management and general $6,451

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $628,810 · end of year $296,164

  • 3 · Pledges and grants receivable

    beginning of year $1,012,460 · end of year $511,201

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,962 · end of year $160,304

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,932 · end of year $31,986

  • 27 · Net assets without donor restrictions

    beginning of year $236,074 · end of year $231,553

  • 28 · Net assets with donor restrictions

    beginning of year $1,275,226 · end of year $706,130

Mission and programs · 2023

Mission

OUR MISSION IS TO CONVENE AND EMPOWER THE WORLD'S ACADEMIES OF SCIENCE, ENGINEERING, AND MEDICINE TO WORK COLLABORATIVELY TO ADDRESS ISSUES OF GLOBAL, REGIONAL, AND NATIONAL IMPORTANCE.

Activities or mission (Part I)

SUPPORT THE ROLE OF SCIENCE IN SEEKING SOLUTIONS TO ADDRESS THE WORLD'S CHALLENGES.

  • IAP WORKS TO SUPPORT THE SPECIAL ROLE OF SCIENCE AND ITS EFFORTS TO SEEK SOLUTIONS TO ADDRESS THE WORLD'S MOST CHALLENGING PROBLEMS. IAP HARNESSES THE EXPERTISE OF THE WORLD'S SCIENTIFIC, MEDICAL AND ENGINEERING LEADERS TO ADVANCE SOUND POLICIES, IMPROVE PUBLIC HEALTH, PROMOTE EXCELLENCE IN SCIENCE EDUCATION, AND ACHIEVE OTHER CRITICAL DEVELOPMENT GOALS.THE "DECARBONIZATION OF TRANSPORT IN AFTICA" PROJECT STARTED IN JUNE 2022 SUPPORTED BY THE CLIMATEWORKS FOUNDATION.

    Expenses $415,495 · Grants $111,831

As filed on the 2023 return.

Listed in Part VII

  • PEGGY HAMBURG

    BOARD MEMBER & CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • MASRESHA FETENE

    BOARD MEMBER & CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • STEPHANIE BURTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ASMA ISMAIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DIANE NEGRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • GIANFRANCO PACCHIONI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • DR OURANIA KOSTI

    EXECUTIVE DIRECTOR

    Total calculated
    $159,844
    From this org
    $159,844
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $159,844
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,844
  • CHERRY MURRAY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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)

FORM 990, PART VII-A & SCH J
DR. OURANIA KOSTI RECEIVES COMPENSATION FROM THE NATIONAL ACADEMIES OF SCIENCES, ENGINEERING, AND MEDICINE (NAS)FOR WORK PERFORMED AS EXECUTIVE DIRECTOR OF THE FILING ORGANIZATION. THIS COMPENSATION IS REPORTED ON PART VII-A, COLUMN D OF THE FORM 990.

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
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349327901

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