Uncertainty Quantification Foundation

Nonprofit profile at a glance

EIN
815153299
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2017
Location
Oak Park, IL, USA
Phone
7085577562
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$117,635
Expenses
$34,669
Assets
$113,841
Liabilities
$1,503

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

Leadership & pay

4 people listed

Executive titles in this filing

  • MICHAEL MCKERNS (CHAIRMAN & VICE PRESIDENT)
  • EVAN MCKERNS (CHIEF EXECUTIVE OFFICER & EXECUTIVE DIRECTOR)

People named in this filing

  • MICHAEL MCKERNS (CHAIRMAN & VICE PRESIDENT)
  • EVAN MCKERNS (CHIEF EXECUTIVE OFFICER & EXECUTIVE DIRECTOR)
  • MICHAEL CONNELL (DIRECTOR & SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To advance the field of Predictive Science through research and education, to broaden the application and study of uncertainty quantification (UQ), and support the development and dissemination of advanced tools, technologies, and methodologies for UQ

What it reported doing in 2024

RESEARCH & DEVELOPMENT PROGRAM - Our Research & Development program is currently the primary avenue through which we work to advance the field of Predictive Science and support the development and dissemination of advanced tools, technologies, and methodologies for Uncertainty Quantification. Our objective in this program is to work on the leading edge of scientific research in predictive science, uncertainty quantification, machine learning, and artificial intelligence by conducting and supporting fundamental research as well as developing leading edge open source software that is free and available for all to use. In 2024 we released 25 updates to our various open-source software packages, and added a new software package, pox, to our free, open-source library. Finally, we have integrated new capabilities into our software that has been developed through our fundamental research. Release and development versions of the software are publicly available for all to use, free of charge, through the Python Package Index, and our GitHub page.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 82
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.6%; rating input score 29
  • Program expense ratio: 97.1%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 70.5%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 3.28; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -11.9% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 44% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 93.6% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 28.6% of revenue deployed · 97.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $34K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 29/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.