Us Foundation For The Inspiration & Recognition Science & Technology in Manchester, New Hampshire (NH)

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Table of contents:

• Overview
• Detailed Reports
  • Checklist
  • Statements Regarding Other IRS Filings and Tax Compliance
  • Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
  • Statement of Revenue
  • Statement of Functional Expenses
  • Balance Sheet
  • Reason for Public Charity Status
  • Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
  • Revenue, Expenses, and Changes in Net Assets or Fund Balances
  • Statement of Functional Expenses
  • Balance Sheets
  • Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
  • Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
  • Current Officers, Directors, Trustees, and Key Employees
  • Other Information
  • Analysis of Income-Producing Activities
  • Information Regarding Taxable Subsidiaries and Disregarded Entities
  • Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees
  • Statements About Activities
  • Reason for Non-Private Foundation Status
  • Support Schedule
  • Lobbying Expenditures by Electing Public Charities
• Organizations performing similar types of work

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Us Foundation For The Inspiration & Recognition Science & Technology
Employer Identification Number (EIN)	222990908
Name of Organization	Us Foundation For The Inspiration & Recognition Science & Technology
In Care of Name	Virginia Szymanowski
Address	200 Bedford St, Manchester, NH 03101-1132
Activities	Museum, zoo, planetarium, etc.
Subsection	Charitable Organization
Ruling Date	05/1994
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$10,000,000 to $49,999,999
Income	$50,000,000 to greater
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$38,790,221
Amount of Income	$55,911,774
Form 990 Revenue Amount	$53,703,865
National Taxonomy of Exempt Entities (NTEE)	Science and Technology Research Institutes, Services: Engineering and Technology Research, Services

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Amount of income in 2014: $55,911,774

Us Foundation For The Inspiration & Recognition Science & Technology:	$55,911,774
Other organizations performing similar types of work:	$36,856,935

Assets in 2014: $38,790,221

This organization:	$38,790,221
Other organizations performing similar types of work:	$25,901,492

Expenses in 2014: $53,181,465

This organization:	$53,181,465
Other organizations performing similar types of work:	$21,210,718

Income to expenses ratio in 2014: 1.1

Us Foundation For The Inspiration & Recognition Science & Technology:	1.1
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2007: 87.6%

This organization:	87.6%
Other organizations performing similar types of work:	87.6%

Number of employees in 2014: 193

Us Foundation For The Inspiration & Recognition Science & Technology:	193
Other organizations performing similar types of work:	84

Employees paid over $100,000 in 2014: 16.1%

This organization:	16.1%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2014: 67.3%

This organization:	67.3%
Other organizations performing similar types of work:	56.6%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
	2012	2013	2014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	Yes	Yes	Yes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other liabilities?	No	No	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	Yes	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	Yes	Yes	Yes
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No	Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No	No
Did the organization operate one or more hospital facilities?	No	No	No
Did the organization attach a copy of its audited financial statements?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	Yes	Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No	No
A family member of a current or former officer, director, trustee, or key employee?	Yes	Yes	Yes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	Yes	Yes	Yes
Did the organization receive more than $25,000 in non-cash contributions?	Yes	Yes	Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No	No

Statements Regarding Other IRS Filings and Tax Compliance
	2011	2012	2013	2014
The number reported in Box 3 of Form 1096		119	161	134
The number of Forms W-2G		0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		124	135	193
Did the organization file all required federal employment tax returns?		Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No	No
Has it filed a Form 990-T for this year?		No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No	No
Did the organization file Form 8886-T?		No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No	No
Initiation fees and capital contributions	$0	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0	$0
Gross income from other sources	$0	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0	$0
The amount of reserves on hand		$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No	No
Has it filed a Form 720 to report these payments?		No	No	No

Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
	2012	2013	2014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$1,496,276	$1,636,302	$1,540,148
Total reportable compensation from related organizations	$0	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$212,082	$210,295	$127,869
Total number of individuals who received more than $100,000 of reportable compensation from the organization	10	10	10
Total number of independent contractors who received more than $100,000 of compensation from the organization	20	28	21

Statement of Revenue
	2011	2012	2013	2014
Total revenue	$40,186,481	$51,322,577	$55,546,650	$53,703,865
Contributions, Gifts, Grants and Other Similar Amounts	$31,659,036	$40,055,674	$43,285,500	$36,121,542
Program Service Revenue	$8,861,907	$11,388,134	$12,169,507	$15,950,083
Educational Support Services		$10,722,261	$11,417,249	$15,246,023
Hotels (except Casino Hotels) and Motels		$314,348	$390,170	$432,085
Hotels (except Casino Hotels) and Motels		$351,525	$362,088	$271,975
All other program service revenue		$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$42,775	$61,973	$42,333	$42,991
Income from investment of tax-exempt bond proceeds	$0	$0	$0	$0
Royalties	$66,513	$81,724	$169,238	$73,582
Net rental income	$158,845	$137,050	$51,420	$44,818
Gross rents (Real / Personal)	$623,146 / $0	$571,237 / $0	$138,000 / $0	$172,786 / $0
Less: rental expenses (Real / Personal)	$464,301 / $0	$434,187 / $0	$86,580 / $0	$127,968 / $0
Rental income or (loss) (Real / Personal)	$158,845 / $0	$137,050 / $0	$51,420 / $0	$44,818 / $0
Net gain/loss from sales of assets other than inventory	$27,115	$374	$-7,587	$17,875
Gross amount from sales of assets other than inventory (Securities / Other)	$473,848 / $0	$111,167 / $0	$1,443,242 / $10,875	$1,372,700 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$446,733 / $0	$110,793 / $0	$1,449,549 / $12,155	$1,354,825 / $0
Gain or (loss) (Securities / Other)	$27,115 / $0	$374 / $0	$-6,307 / $-1,280	$17,875 / $0
Net income/loss from fundraising events	$-667,380	$-413,059	$-333,708	$-547,467
Gross income from fundraising events	$221,765	$318,565	$218,160	$177,649
Less: direct expenses	$889,145	$731,624	$551,868	$725,116
Net income/loss from gaming activities	$0	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0	$0
Miscellaneous Revenue	$37,670	$10,707	$169,947	$2,000,441
900099		$10,707	$169,947	$2,000,000
900099		$0	$0	$441
All other revenue		$0	$0	$0

Statement of Functional Expenses
	2011	2012	2013	2014
Total functional expenses	$39,354,567	$47,875,532	$48,247,371	$53,181,465
Grants and other assistance to domestic organizations and domestic governments		$17,432,569	$18,410,004	$18,010,207
Grants and other assistance to domestic individuals		$10,000	$6,259	$60,204
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$630,750	$837,152	$858,688
Benefits paid to or for members		$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$1,144,425	$979,787	$1,271,971	$1,254,904
Compensation not included above, to disqualified persons		$0	$0	$0
Other salaries and wages	$4,570,663	$5,807,257	$6,157,203	$8,584,501
Pension plan accruals and contributions		$164,124	$224,301	$259,829
Other employee benefits		$826,733	$793,831	$991,064
Payroll taxes	$498,890	$593,667	$671,234	$772,571
Fees for services (non-employees)
Management		$0	$0	$0
Legal		$46,467	$34,532	$17,967
Accounting		$61,821	$73,959	$80,849
Lobbying		$66,857	$13,000	$18,758
Professional fundraising services	$1,793	$0	$0	$30,000
Investment management fees		$0	$0	$0
Other		$3,371,237	$2,964,361	$1,858,699
Advertising and promotion		$860,856	$558,792	$968,938
Office expenses		$419,727	$363,216	$380,124
Information technology		$493,798	$674,916	$905,992
Royalties		$0	$0	$0
Occupancy		$260,859	$551,398	$586,249
Travel		$529,981	$568,581	$740,723
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0	$0
Conferences, conventions, and meetings		$95,984	$76,899	$154,468
Interest		$0	$0	$0
Payments to affiliates		$0	$0	$0
Depreciation, depletion, and amortization		$489,785	$549,804	$607,294
Insurance		$328,339	$358,439	$294,850
Other expenses		$531,530	$11,169,397	$11,746,110
Other expenses		$12,660,651	$1,018,687	$1,921,615
Other expenses		$1,029,455	$572,898	$1,809,256
Other expenses		$0	$326,537	$267,605

Balance Sheet
	2011	2012	2013	2014
Total assets	$29,259,691	$33,081,122	$39,905,929	$38,790,221
Cash - non-interest-bearing		$0	$0	$0
Savings and temporary cash investments		$21,670,678	$23,898,774	$26,725,785
Pledges and grants receivable, net		$5,298,739	$9,749,577	$6,790,205
Accounts receivable, net		$741,729	$444,130	$822,468
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0	$0
Notes and loans receivable, net		$0	$0	$0
Inventories for sale or use		$1,573,281	$1,583,491	$419,620
Prepaid expenses and deferred charges		$133,257	$81,149	$70,655
Land, buildings, and equipment: cost or other basis		$3,663,438	$4,148,808	$3,961,488
Investments - publicly traded securities		$0	$0	$0
Investments - other securities		$0	$0	$0
Investments - program-related		$0	$0	$0
Intangible assets		$0	$0	$0
Other assets		$0	$0	$0
Total liabilities	$4,015,048	$4,389,434	$3,914,962	$2,276,854
Accounts payable and accrued expenses		$1,780,393	$1,518,367	$1,630,796
Grants payable		$0	$0	$0
Deferred revenue		$609,041	$396,595	$646,058
Tax-exempt bond liabilities	$0	$0	$0	$0
Escrow or custodial account liability		$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$2,000,000	$2,000,000	$2,000,000	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$0	$0	$0
Total net assets or fund balances	$25,244,643	$28,691,688	$35,990,967	$36,513,367
Unrestricted net assets		$16,523,793	$18,454,129	$21,766,706
Temporarily restricted net assets		$12,167,895	$17,536,838	$14,746,661
Permanently restricted net assets		$0	$0	$0
Capital stock or trust principal, or current funds		$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0	$0

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
	2010 - 2014 Total
Public Support	$168,741,256
Subtotal Support	$179,774,023
Gifts, grants, contributions, and membership fees received	$179,774,023
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$11,032,767
Total Support	$184,765,658
Public Support	$179,774,023
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$2,770,870
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$2,220,765
Gross receipts from related activities, etc.	$57,006,601

Revenue, Expenses, and Changes in Net Assets or Fund Balances
	2000	2001	2002	2003	2004	2005	2006	2007
Total revenue	$10,357,323	$11,072,216	$14,956,066	$15,459,417	$17,430,496	$20,273,668	$24,505,405	$32,334,826
Contributions, gifts, grants, and similar amounts received	$10,005,281	$10,870,931	$12,476,743	$14,943,561	$16,966,211	$19,500,553	$23,530,243	$31,162,210
Contributions to donor advised funds							$0	$0
Direct public support	$8,730,281	$9,198,431	$10,501,743	$13,170,061	$14,190,369	$17,903,744	$20,808,152	$28,492,643
Indirect public support	$0	$0	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$1,275,000	$1,672,500	$1,975,000	$1,773,500	$2,775,842	$1,596,809	$2,722,091	$2,669,567
Program service revenue including government fees and contracts	$60,938	$91,753	$2,305,610	$304,046	$146,464	$527,823	$495,891	$451,611
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$134,210	$83,324	$71,673	$44,228	$71,728	$183,465	$337,146	$416,633
Dividends and interest from securities	$0	$0	$0	$0	$0	$0	$0	$0
Net rental income or (loss)	$10,976	$-43,841	$42,978	$77,838	$48,396	$11,302	$6,392	$172,400
Gross rents	$411,520	$437,308	$511,348	$552,699	$558,764	$565,650	$573,424	$589,568
Less: rental expenses	$400,544	$481,149	$468,370	$474,861	$510,368	$554,348	$567,032	$417,168
Other investment income	$0	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$-2,350	$3,379	$8,306	$3,287	$-130	$-512	$-4,399
Gross amount from sales of assets other than inventory	$0	$55,852	$252,879	$633,801	$77,581	$226,360	$126,925	$229,300
Less: cost or other basis and sales expenses	$0	$58,202	$249,500	$625,495	$74,294	$226,490	$127,437	$233,699
Net income or (loss) from special events and activities	$0	$42,930	$0	$0	$0	$0	$-28,917	$371
Gross revenue	$0	$55,131	$0	$0	$0	$0	$8,750	$13,770
Less: direct expenses other than fundraising expenses	$0	$12,201	$0	$0	$0	$0	$37,667	$13,399
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$61,630	$69,774
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$158,930	$356,674
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$97,300	$286,900
Other revenue	$145,918	$29,469	$55,683	$81,438	$194,410	$50,655	$103,532	$66,226
Total expenses	$8,735,855	$9,676,044	$14,988,477	$13,844,049	$17,208,458	$18,826,963	$23,015,582	$27,711,130
Program services	$6,969,500	$7,918,758	$13,192,419	$11,747,089	$14,743,587	$16,006,344	$19,759,807	$24,286,054
Management and general	$1,684,287	$1,651,745	$1,639,466	$1,831,839	$2,148,573	$2,305,929	$2,547,202	$2,683,386
Fundraising	$82,068	$105,541	$156,592	$265,121	$316,298	$514,690	$708,573	$741,690
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$7,014,910	$8,411,082	$8,277,871	$9,753,039	$9,834,877	$11,680,688	$12,850,542	$17,154,269
Excess or (deficit) for the year	$1,621,468	$1,396,172	$-32,411	$1,615,368	$222,038	$1,446,705	$1,489,823	$4,623,696
Net assets or fund balances at beginning of year	$5,393,442	$7,014,910	$8,411,082	$8,277,871	$9,753,039	$9,834,877	$11,680,688	$12,850,542
Other changes in net assets or fund balances	$0	$0	$-100,800	$-140,200	$-140,200	$399,106	$-319,969	$-319,969

Statement of Functional Expenses (for 2007)
	Total	Program services	Management and general	Fundraising
Total functional expenses	$27,711,130	$24,286,054	$2,683,386	$741,690
Grants paid from donor advised funds		$0
Other grants and allocations		$2,410,658
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$574,630	$74,857	$486,332	$13,441
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$3,534,611	$2,326,737	$755,126	$452,748
Pension plan contributions not included above	$111,580	$72,697	$22,868	$16,015
Employee benefits not included above	$385,150	$276,196	$70,455	$38,499
Payroll taxes	$377,894	$240,603	$94,141	$43,150
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$56,550	$0	$56,550	$0
Legal fees	$88,167	$40,500	$47,667	$0
Supplies	$194,511	$106,354	$79,383	$8,774
Telephone	$45,833	$40,727	$2,606	$2,500
Postage and shipping	$80,827	$39,432	$29,750	$11,645
Occupancy	$176,893	$108,510	$50,199	$18,184
Equipment rental and maintenance	$9,300	$0	$9,300	$0
Printing and publications	$182,583	$175,364	$4,077	$3,142
Travel	$402,447	$306,990	$65,758	$29,699
Conferences, conventions, and meetings	$29,845	$14,333	$15,512	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$293,147	$191,448	$82,460	$19,239
Other expenses not covered above	$18,756,504	$17,860,648	$811,202	$84,654

Balance Sheets
	2000	2001	2002	2003	2004	2005	2006	2007
Total assets	$7,548,527	$9,023,718	$8,711,148	$10,100,645	$10,461,942	$12,325,292	$13,541,152	$18,270,302
Cash - non-interest-bearing	$0	$0	$0	$0	$0	$0	$0	$0
Savings and temporary cash investments	$2,742,433	$4,147,513	$3,846,170	$3,972,250	$4,894,462	$6,716,455	$8,103,533	$11,187,985
Accounts receivable less allowance for doubtful accounts	$267,085	$276,744	$748,060	$1,833,849	$1,022,308	$1,220,180	$876,045	$613,813
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$1,700,000
Grants receivable	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)							$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0	$289,100	$0
Prepaid expenses and deferred charges	$3,341	$119,609	$65,060	$140,672	$158,107	$253,178	$303,096	$629,077
Investments - publicly-traded securities							$0	$0
Investments - other securities	$187,000	$246,059	$0	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$4,348,668	$4,233,793	$4,051,858	$4,153,874	$4,387,065	$4,135,479	$3,969,378	$4,139,427
Other assets, including program-related investments	$0	$0	$0	$0	$0	$0	$0	$0
Total liabilities	$533,617	$612,636	$433,277	$347,606	$627,065	$644,604	$690,610	$1,116,033
Accounts payable and accrued expenses	$172,787	$565,949	$327,623	$297,381	$589,665	$602,891	$643,453	$967,574
Grants payable	$0	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$60,830	$46,687	$105,654	$50,225	$37,400	$41,713	$47,157	$148,459
Loans from officers, directors, trustees, and key employees	$300,000	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$0	$0	$0	$0	$0	$0	$0
Other liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$7,548,527	$9,023,718	$8,711,148	$10,100,645	$10,461,942	$12,325,292	$13,541,152	$18,270,302
Total net assets or fund balances	$7,014,910	$8,411,082	$8,277,871	$9,753,039	$9,834,877	$11,680,688	$12,850,542	$17,154,269

Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
	2000	2001	2002	2003	2004	2005	2006	2007
Total revenue	$10,357,323	$11,072,216	$14,956,066	$15,459,417	$17,430,496	$20,273,668	$24,505,405	$32,334,826
Total revenue, gains, and other support per audited financial statements	$10,757,867	$11,565,566	$15,424,436	$15,934,278	$17,940,864	$20,828,146	$24,545,396	$32,736,723
Other expenses	$400,544	$493,350	$468,370	$474,861	$510,368	$554,348	$-57,821	$110,598
Net unrealized gains on investments	$0	$0	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0	$0
Other	$400,544	$493,350	$468,370	$474,861	$510,368	$554,348	$-57,821	$110,598
Other revenue	$0	$0	$0	$0	$0	$-130	$-97,812	$-291,299
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$-130	$-97,812	$-291,299

Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
	2000	2001	2002	2003	2004	2005	2006	2007
Total expenses	$8,735,855	$9,676,044	$14,988,477	$13,844,049	$17,208,458	$18,826,963	$23,015,582	$27,711,130
Total expenses and losses per audited financial statements	$8,676,399	$10,169,395	$15,456,847	$14,318,910	$17,718,826	$19,381,441	$23,680,427	$28,432,996
Other revenue	$400,544	$493,351	$468,370	$474,861	$510,368	$554,348	$567,033	$430,567
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$400,544	$493,351	$468,370	$474,861	$510,368	$554,348	$567,033	$430,567
Other expenses	$460,000	$0	$0	$0	$0	$-130	$-97,812	$-291,299
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$460,000	$0	$0	$0	$0	$-130	$-97,812	$-291,299

Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
50	$245,280	$23,544	$0
50	$135,362	$20,730	$0
50	$128,900	$20,814	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	17
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	55

Analysis of Income-Producing Activities (for 2007)
	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
	Business code	Amount	Exclusion code	Amount
Total		$0		$1,090,226	$82,390
Program service revenue
Program service revenue 1	000000	$0	00	$0	$49,480
Program service revenue 2	000000	$0	Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))	$402,131	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$416,633	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$172,400	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$-4,399	$0
Net income or (loss) from special events	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$371	$0
Gross profit or (loss) from sales of inventory	000000	$0	Income from an activity that is not regularly carried on (section 512(a)(1))	$69,774	$0
Other revenue	000000	$0	Royalty income excluded by section 512(b)(2)	$33,316	$32,910

Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
$131,185	$1,196	$0
$124,081	$5,045	$0
$112,882	$4,732	$0
$92,735	$14,132	$0
$89,278	$13,357	$0

Total number of other employees paid over $50,000

28

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that receives a substantial part of its support from a governmental unit or from the general public

Support Schedule
	1999	2000	2001	2002	2003	2004	2005	2006
Total	$6,813,885	$10,827,449	$11,558,257	$14,949,741	$14,840,183	$18,749,118	$20,630,274	$25,384,371
Gifts, grants, and contributions received	$6,150,849	$10,074,863	$10,861,272	$12,005,427	$13,857,772	$16,966,211	$19,500,553	$23,530,243
Membership fees received	$0	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$44,283	$60,938	$146,884	$2,305,610	$304,046	$958,005	$329,951	$840,026
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$460,196	$545,730	$520,632	$583,021	$596,927	$630,492	$749,115	$910,570
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0	$0
Other income	$158,557	$145,918	$29,469	$55,683	$81,438	$194,410	$50,655	$103,532

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Organizations performing similar types of work
Id	Name	Address	State	Established	Total Income
1	Mitre Corporation	202 Burlington Rd, Bedford, MA 01730-1407	MA	1960-07	$1,385,688,000
2	Charles Stark Draper Laboratory Inc	555 Technology Sq, Cambridge, MA 02139-3539	MA	1973-03	$555,895,206
3	Concurrent Technologies Corporation	100 Ctc Dr, Johnstown, PA 15904-1935	PA	1989-04	$180,715,883
4	American Society For Testing And Materials	100 Barr Harbor Dr, Conshohocken, PA 19428-2951	PA	1937-06	$146,202,920
5	Analytic Services Inc	5275 Leesburg Pike Suite N-5000, Falls Church, VA 22041-3803	VA	1959-02	$137,706,427
6	International Sematech Inc	Austin, TX 78741	TX		$71,515,913
7	Us Foundation For The Inspiration & Recognition Science & Technology	200 Bedford St, Manchester, NH 03101-1132	NH	1994-05	$55,911,774
8	South Carolina Research Authority	315 Sigma Dr, Summerville, SC 29483-7790	SC	1987-10	$42,674,923
9	Mcnc	3021 Cornwallis Rd, Rtp, NC 27709-0146	NC	1980-09	$36,856,935
10	Center Of Excellence For Hazardous Materials Management	505 N Main St, Carlsbad, NM 88220-5875	NM	2005-04	$7,553,687
11	Molecular Research Institute	29200 Huntwood Ave Apt 249, Hayward, CA 94544	CA	1980-01	$285,489
12	Institute For Bioengineering Inc	PO BOX 2973, Scottsdale, AZ 85252-2973	AZ	1987-08	$71,500
13	Uca Users Group	10604 Candler Falls Ct, Raleigh, NC 27614-9111	NC	2002-06	$572,748
14	Advanced Virtual Engine Test Cell Inc	4170 Allium Court, Springfield, OH 45505-1664	OH	2006-12	$489,650
15	Unlv Research Foundation	4505 S Maryland Parkway No 452036, Las Vegas, NV 89154-9900	NV	2003-01	$288,794
16	Tedec-Tidal Energy Demonstration & Evaluation Center	Captian Quick Hall-Mma, Castine, ME 04420-0001	ME	2010-04	$77,902
17	Silicontrack	6945 Lynn Way # 49, Pittsburgh, PA 15208-2438	PA	2007-11	$1
18	Oak Tree Residential Services Nfp	16 Bellerive Country Club Grounds, St Louis, MO 63141-7320	MO	2006-03	$0

Number of organizations performing similar types of work
Arizona 1 California 1 Massachusetts 2 Maine 1 Missouri 1 North Carolina 2 New Hampshire 1	New Mexico 1 Nevada 1 Ohio 1 Pennsylvania 3 South Carolina 1 Texas 1 Virginia 1
Total	18

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