Society for Science’s Federal ID number is 53-0196483 and its Combined Federal Campaign number is 92454. The Society encourages support from organizations, corporations, and individual donors and members.
In keeping with nonprofit standards and best practices, the Society is pleased to provide access to its recent financial documents and audit results to interested donors and other parties.
Society for Science operates within three broad areas of program work: (1) science journalism, (2) world-class science competitions for high school and middle school students and (3) outreach and equity programming.
Eighty-eight cents of every dollar spent by the Society supports program work. General and administrative costs account for 5 cents of every expense dollar, and fundraising costs equal 7 cents of every expense dollar.
Science competitions remain a vibrant and important segment of our work and account for 53 percent of all program spending. Our growing outreach and equity programming, which seeks to expand access to STEM opportunities, together with our work aimed at building our alumni community, accounts for 10 percent of all spending. Science News Media Group’s work accounts for 25 percent of all spending.
The Society’s balance sheet continues to be very healthy, with total net assets of $83 million, composed of unrestricted net assets of $19.4 million and restricted net assets of $63.6 million. The Society carries no long-term financing and owns its primary office real estate. As a result, unrestricted current assets exceed current liabilities by $42.3 million, resulting in a 6.0 ratio of current assets to current liabilities.
The Society’s unrestricted investment balance is entirely liquid and accounts for 52 percent of current assets composed of cash, investments, prepaid expenses and the amount of grants receivable to be received in the next year. The investment portfolio holdings are well diversified and professionally managed in order to take advantage of market growth while minimizing risk of loss.
Restricted assets make up the largest asset class and are mostly grants receivable for future funding commitments from Regeneron, Broadcom and other funders for science competitions and other program work, with all of the receivables to be provided within the next six years.