Science History Institute Support Company

Nonprofit profile at a glance

EIN
232909123
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Philadelphia, PA, USA
Phone
2159252222
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Libraries

Official website

Reported finances

Revenue
$2,944,541
Expenses
$18,007,050
Assets
$226,789,268
Liabilities
$1,521,287

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

29 people listed

Executive titles in this filing

  • DAVID COLE (PRESIDENT & CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • DAVID COLE (PRESIDENT & CHIEF EXECUTIVE OFFICER): $472,859 total reported compensation
  • KEVIN CAVANAUGH (TREASURER, SENIOR VP, CAO & CFO): $308,719 total reported compensation
  • MICHELLE DIMEO (VP OF COLLECTIONS AND PROGRAMS): $202,102 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The function of science history institute support company is to benefit and perform some of the functions of the science history institute. This includes the library special collections and digitization.

What it reported doing in 2024

The science history institute archives actively collects and preserves the papers of organizations and individuals whose work has significantly advanced our scientific understanding of chemistry, chemical engineering, and the life sciences and its allied fields. Archives staff collects, preserves, describes, and makes available the unique, unpublished materials that document the past 200 years of our scientific history. Spanning over 6,000 linear shelf feet, these collections are a major attraction for scholars of the modern chemical and molecular sciences. We actively collect archival papers from outstanding scientists, industries, and professional organizations. Collection strengths include the fields of scientific instrumentation, chemical education, materials science, quantum chemistry, and chemical engineering.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.6%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -511.5%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 12.59; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.6% of spending went to programs
  • Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $17.8M in reported program spending
  • Leadership: top reported pay $473K · 29 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 0/100.