Overview
What is The Applied Superconductivity Educational Foundation?
The Applied Superconductivity Educational Foundation is a nonprofit organization located in Potomac, Maryland. Their primary mission is to foster and disseminate research and development in the field of superconductivity. They achieve this through various means, including conducting a scientific conference, attracting over 1,400 technical professionals worldwide, and presenting over 1,000 papers. Furthermore, the foundation is dedicated to educating high school students about superconductivity through an outreach program. This commitment to knowledge sharing and education makes The Applied Superconductivity Educational Foundation a significant player in the advancement of superconductivity science.
Official website here: www.ascinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
The Applied Superconductivity Educational Foundation has received a rating of "Needs Improvement" with a score of 69%. This indicates that while the organization demonstrates strong financial health and effective management of its resources, there are significant areas that require attention. Notably, the foundation has a high program expense ratio of 93.84%, reflecting a commitment to using funds for its educational mission rather than administrative overhead.
The foundation's governance shows strengths with an independent board comprising 28 members and full compliance regarding the majority of board member independence. Additionally, there is no material diversion of assets, suggesting good stewardship of financial resources. However, the organization faces challenges in its accountability practices, as it lacks critical policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are essential for maintaining transparency and trust.
While the foundation's performance in board governance and financial health is commendable, the absence of key accountability policies raises concerns about its operational integrity. Addressing these gaps could significantly enhance the organization’s rating and bolster stakeholder confidence in its mission and governance.
This AI summary has been generated from information found on Charity Navigator.
Is The Applied Superconductivity Educational Foundation legitimate?
The Applied Superconductivity Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Applied Superconductivity Educational Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.ascinc.org
What is the mission statement of The Applied Superconductivity Educational Foundation?
The Applied Superconductivity Educational Foundation is dedicated to advancing the field of superconductivity. Its mission is centered around promoting, gathering, and disseminating research and development in this scientific domain. To achieve this, they conduct educational conferences, attracting a significant number of technical professionals worldwide, and present over a thousand related papers. Additionally, they run an outreach program to educate high school students about superconductivity, expanding the reach of this specialized knowledge.
Official website here: www.ascinc.org
Who is the CEO of The Applied Superconductivity Educational Foundation?
Bruce Strauss is the President of The Applied Superconductivity Educational Foundation.
Official website here: www.ascinc.org
What is the revenue of The Applied Superconductivity Educational Foundation?
The Applied Superconductivity Educational Foundation's revenue in 2022 was $1,764,712.
Official website here: www.ascinc.org
Who are the executives of The Applied Superconductivity Educational Foundation and what are their salaries?
Here are 28 key members and their salaries:
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Official website here: www.ascinc.org
Where can I find the form 990 for The Applied Superconductivity Educational Foundation?
The Applied Superconductivity Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ascinc.org
Learn more at the official website: www.ascinc.org
Mission Statement of The Applied Superconductivity Educational Foundation
The Applied Superconductivity Educational Foundation, in its mission, focuses on fostering advancements in the field of superconductivity. This nonprofit organization seeks to gather, promote, and disseminate research and development related to this scientific discipline. To achieve this, they conduct significant events, such as scientific conferences, attracting technical professionals from around the globe. During these conferences, over a thousand papers are presented, contributing to the collective knowledge and understanding of superconductivity.
Beyond academic events, The Applied Superconductivity Educational Foundation also reaches out to high school students, aiming to ignite their interest in this fascinating science. Through specialized outreach programs, they educate these young minds about superconductivity, encouraging the next generation of researchers and innovators in this field. By promoting and disseminating research, as well as educating future generations, The Applied Superconductivity Educational Foundation plays a crucial role in the ongoing exploration and development of superconductivity.
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Impact
October, 2024
The Applied Superconductivity Educational Foundation significantly advances the field of superconductivity through various initiatives aimed at fostering research and disseminating knowledge. One of its foremost impacts is organizing a scientific conference that gathers over 1,400 technical professionals from around the world, providing a platform for the presentation of more than 1,000 research papers. This event not only facilitates the sharing of groundbreaking research but also fosters collaboration and innovation among experts.
In addition to its focus on professional development, the Foundation conducts outreach programs that engage high school students, educating them about the principles and applications of superconductivity. This effort not only inspires the next generation of scientists and engineers but also enhances public understanding of this critical area of science. Through these activities, the Foundation plays a vital role in promoting research, education, and interest in superconductivity, thereby driving advancements that could have far-reaching implications across various industries and technologies.
This information is meant to be a general summary of The Applied Superconductivity Educational Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,755
- Program Service Revenue: $1,751,957
- Gross Receipts: $1,998,334
Assets and Liabilities:
- Total Assets: $1,529,231
- Total Liabilities: $17,742
- Net Assets: $1,511,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RECEIPTS FROM 2022 ASC CONF
Revenue
$1,751,957
Organization Details
Founding Year
1999
Phone
(301) 610-9023Principal Officer
Bruce Strauss
Main Address
2415 Stratton Drive, POTOMAC, MD, 20854
Website
www.ascinc.orgNTEE Category
Code: U030 - Science research
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