INSTITUTE FOR BROADENING PARTICIPATION

EIN: 201891162 501(c)(3) Science & Technology

S Portland, ME

Total Revenue
$118,126
Total Expenses
$174,740
Total Assets
$113,384
Net Assets
$112,008
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
ME
Principal Officer
DAVID SIEGFRIED
Phone
2078481185
Tax Period
2024-01-01 to 2024-12-31

INSTITUTE FOR BROADENING PARTICIPATION, founded in 2006, is a small nonprofit in the Science & Technology sector that reported $118K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 48% operating deficit.

Mission

IBP STRIVES TO BROADEN PARTICIPATION AND INCREASE DIVERSITY IN EDUCATION AND RESEARCH IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS.

Program Service Accomplishments

Program 1
Expenses: $95,047 Revenue: $82,705

Program consists of institutions dedicated to supporting underrepresented minority students, women, and students with disabilities to complete advanced degrees in the STEM fields. Alliances provide a...

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Program consists of institutions dedicated to supporting underrepresented minority students, women, and students with disabilities to complete advanced degrees in the STEM fields. Alliances provide a variety of support programs including research support, professional development and mentoring, as well as cultural and social activities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $118,116
Program Service Revenue $0
Investment Income $10
Other Revenue $0
TOTAL REVENUE $118,126

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,052
Fundraising Expenses $0
Program Expenses $131,244
Other Expenses $43,688
TOTAL EXPENSES $174,740

Year-over-Year Comparison

2024 2023 Change
Revenue $118,126 $203,434 -0.4%
Expenses $174,740 $183,443 0.0%
Net Income $-56,614 $19,991 -3.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$64,963
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY TURNER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
BEVERLY KARPLUS HARTLINE DIRECTOR 0.50
Director
$0 $0 $0
KIEVAN STASSUN DIRECTOR 0.50
Director
$0 $0 $0
TOMALEI VESS TREASURER 0.50
Officer Director
$0 $0 $0
DAVID SIEGFRIED EXECUTIVE DIRECTOR/SECRETARY 40.00
Officer
$64,963 $0 $64,963
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $118,126 $174,740 $113,384 $-56,614
2023 $203,434 $183,443 $168,622 $19,991
2022 $197,090 $152,975 $148,631 $44,115
2021 $202,315 $158,608 $115,783 $43,707
2020 $144,615 $123,961 $72,076 $20,654
2019 $130,548 $131,029 $51,422 $-481
2018 $146,457 $129,314 $51,903 $17,143
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