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Iris Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 474623746 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Iris Foundation?

The Iris Foundation, located in Chicago, Illinois, is a charitable organization dedicated to promoting "First Principles Thinking" in science, education, community development, and civic engagement. Established with a mission to advance education, science, and social science, the foundation conducts workshops, discussions, and forums, offering its facilities and resources to individuals and organizations, including universities, to support research and generate data for social and community benefits. Initially focusing on institutions in Illinois, such as the University of Illinois at Champaign-Urbana, the foundation aims to create an environment for collaboration and recruit volunteers to support its mission.


Official website here: www.irisfoundation.org

Is Iris Foundation legitimate?

Iris Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iris 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $79,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.irisfoundation.org

What is the mission statement of Iris Foundation?

The Iris Foundation exists with a mission to promote and encourage the application, engagement, and dissemination of "First Principles Thinking" in various fields such as science, education, community development, and civic engagement. Organized for charitable, scientific, and educational purposes, the foundation advances education, science, and social science by conducting labs, case studies, discussions, forums, panels, lectures, and similar programs. The foundation offers its facilities and resources to individuals and organizations, initially focusing on those in Illinois, including the University of Illinois at Champaign-Urbana, to support labs and case studies that test concepts and generate data to bring about social and community benefits. The results of these labs will be made available.


Official website here: www.irisfoundation.org

Who is the CEO of Iris Foundation?

Thananuan Chariya is the Vice President of Iris Foundation.


Official website here: www.irisfoundation.org

What is the revenue of Iris Foundation?

Iris Foundation's revenue in 2020 was $88,000.


Official website here: www.irisfoundation.org

Who are the executives of Iris Foundation and what are their salaries?

There 8 volunteers at Iris Foundation.


Here are 3 key members and their salaries:


Pericles Toscas (Executive Dir.)
  • Compensation: $79,000
  • Related: $0
  • Other: $0
Thananuan Chariya (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oliver Derza (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.irisfoundation.org

Where can I find the form 990 for Iris Foundation?

Iris Foundation's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.irisfoundation.org

Learn more at the official website: www.irisfoundation.org

Mission Statement of Iris Foundation

The Iris Foundation, an organization committed to charitable, scientific, and educational purposes, aims to promote and champion the concept of "First Principles Thinking" in various fields such as science, education, community development, and civic engagement. This nonprofit is structured under Section 501(c)(3) of the Internal Revenue Code, with the primary objective of advancing education, science, and social science. To accomplish this, the Iris Foundation conducts labs, case studies, discussion groups, forums, panels, lectures, and similar programs.

The foundation offers its facilities and resources to individuals and organizations, including students, professors, and universities. Initially, the focus is on those located within Illinois, including the University of Illinois at Champaign-Urbana. The primary goal is to support labs and case studies, allowing them to test concepts and generate data, ultimately leading to social and community benefits. The results of these labs are made available, contributing to the broader dissemination of "First Principles Thinking" and its potential applications.

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Impact




October, 2024

The Iris Foundation significantly impacts various sectors through the application and promotion of "First Principles Thinking." By engaging with students, professors, and universities, especially within Illinois, the Foundation fosters innovative educational practices and scientific inquiry. Through labs, case studies, discussion groups, and forums, it empowers individuals and organizations to explore complex concepts and generate valuable data aimed at addressing social and community challenges.

The Foundation not only supports the educational development of participants but also cultivates a collaborative environment that enhances civic engagement and community development. By offering resources and facilities, it enables the rigorous testing of ideas and the dissemination of findings, promoting a culture of inquiry and experimentation. Overall, the Foundation's initiatives contribute to advancing education and science, ultimately leading to meaningful societal benefits.




This information is meant to be a general summary of Iris 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.

Revenue
$88,000 (2020)
Expenses
$80,312 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Gross Receipts: $88,000

Assets and Liabilities:

  • Total Assets: $8,160
  • Total Liabilities: $2,000
  • Net Assets: $6,160

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Organization Details

Founding Year

2015

Principal Officer

Thananuan Chariya

Main Address

2502 N CLARK ST 200, CHICAGO, IL, 60614

NTEE Category

Code: B90 - Education

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