Society for Science & the Public (SSP) is a nonprofit 501(c)(3) membership organization dedicated to public engagement in scientific research and education. Its vision is to promote the understanding and appreciation of science and the vital role it plays in human advancement: to inform, educate, and inspire.
SSP's Federal ID # is 53-0196483 and its Combined Federal Campaign # is 92454. SSP encourages support from organizations, corporations, and individual donors and members.
In keeping with nonprofit standards and best practices, SSP is pleased to provide access to its recent financial documents and audit results to interested donors and other parties.
When reviewing, it should be noted that SSP has been fortunate to negotiate long term support arrangements from donors to help support its education programs. However, these transactions can create some confusion in reported financial results on the Form 990.
SSP books the value of long term pledges in the year they are received as temporarily restricted contributions. When the restrictions are met (either the time restriction expired or expenses have been recognized to meet the purpose restriction), these amounts are released to cover unrestricted operations.
This treatment, in accordance with generally accepted accounting principles, results in financial statement presentation fluctuations – a significant jump in financial position and results when the pledge is initially recognized, with shortfalls in future years as SSP utilizes/releases the restricted support for operations.