Minnesota Academy of Science

EIN: 410789356 501(c)(3)

Saint Paul, MN

Total Revenue
$640,797
Total Expenses
$522,313
Total Assets
$215,296
Net Assets
$211,210
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Financial Trends

Organization Details

Formation Year
1873
Legal Domicile
MN
Principal Officer
Kris Barry
Phone
6519173994
Tax Period
2023-07-01 to 2024-06-30

Minnesota Academy of Science, founded in 1873, is a small nonprofit that reported $641K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 18% operating margin.

Mission

The Minnesota Academy of Science (MAS) is a statewide 501(c)3 organization committed to advancing science, technology, engineering , and math (STEM) in Minnesota by connecting Minnesotans of all backgrounds with resources and opportunities to engage in STEM Learning, research, and communication, and to recognize excellence in these areas.

Program Service Accomplishments

Program 1
Expenses: $181,479 Revenue: $32,005

The Minnesota Academy of Science held the 2024 Minnesota State Science & Engineering Fair (SSEF) at the St. Paul River Centre in downtown St. Paul. SSEF took place as a one day, in-person event with...

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The Minnesota Academy of Science held the 2024 Minnesota State Science & Engineering Fair (SSEF) at the St. Paul River Centre in downtown St. Paul. SSEF took place as a one day, in-person event with virtual components. Fairs was utilized as the online registration and virtual presentation materials platform. Participants and their families engaged in enrichment activities including 15 exhibitor booths and the Bell Museum traveling planetarium. The event concluded with a keynote and Special Awards Reception. Evaluation of the changes made to SSEF in 2023 were completed post fair. It was decided to once again hold a one day event and maintain the changes to the presentation style (quad chart format). The presentation guidelines were updated for 2024 and allowed for models in 2024, based on feedback received. This year, 356 students, representing 302 projects and 60 schools, participated. Participation was up. Students submitted required materials, including a video, quad chart and SRC paperwork. A total of 172 grand awards judges registered to score projects.

Program 2
Expenses: $143,593

The Fostering Opportunities and Resources in STEM Education (FORSE) program supports both formal science, technology, engineering, and math (STEM) education in schools and informal STEM learning...

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The Fostering Opportunities and Resources in STEM Education (FORSE) program supports both formal science, technology, engineering, and math (STEM) education in schools and informal STEM learning experiences for students from all over Minnesota. FORSE activities meet the identified needs of each educational partner site, provide resources and support to teachers, and increase student self-confidence, interest, and knowledge of careers related to STEM. This year, MAS served more then 4500 students through FORSE. Educators receiving FORSE services enthusiastically endorse the program.

Program 3
Expenses: $34,060 Revenue: $6,725

The Minnesota Academy of Science held the Minnesota High School and Middle School Science Bowls on Saturday 1/20/24 and Saturday 2/10/24, respectively, with 240 students from 23 schools...

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The Minnesota Academy of Science held the Minnesota High School and Middle School Science Bowls on Saturday 1/20/24 and Saturday 2/10/24, respectively, with 240 students from 23 schools participating. The winning teams represented Minnesota in the National Science Bowl held in person in Washington, DC from April 25-April 29 2024. The two MN champion teams?Wayzata HS Team 1 for the 7th year in a row and Minnetonka MS East Team 1 for the second time in their second year of competing?represented the state very well at the National Science Bowl. Wayzata HS reached the top 6 nationally, and Minnetonka MS East reached the top 8. Both bowls included additional activities for students to participate in when they had breaks, including Hamline physics lab tours and an electronic circuit activity facilitated by the UM Society of Women Engineers. The events also included well-received Meet the Scientists panel sessions featuring competition volunteers talking about their STEM-related jobs and responding to student questions.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $591,007
Program Service Revenue $46,960
Investment Income $2,830
Other Revenue $0
TOTAL REVENUE $640,797

Expense Breakdown

Grants Paid $26,149
Salaries & Benefits $307,404
Fundraising Expenses $68,505
Program Expenses $397,566
Other Expenses $188,760
TOTAL EXPENSES $522,313

Year-over-Year Comparison

2023 2022 Change
Revenue $640,797 $379,233 +0.7%
Expenses $522,313 $532,406 0.0%
Net Income $118,484 $-153,173 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
7
Volunteers
417

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
5
$85,100
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lara Maupin Executive Dir. 40.00
Officer
$85,100 $0 $85,100
Cynthia Ward-Thompson President 6.00
Officer Director
$0 $0 $0
Jeff Lande Treasurer 6.00
Officer Director
$0 $0 $0
Gregory Park Secretary 4.00
Officer Director
$0 $0 $0
John Morris Vice President 4.00
Officer Director
$0 $0 $0
Lifeng Dong Director 2.00
Director
$0 $0 $0
Lori Haak Director 2.00
Director
$0 $0 $0
Robert Meyer Director 2.00
Director
$0 $0 $0
Kailey Soller Director 2.00
Director
$0 $0 $0
Nicholas Schlotter Director 2.00
Director
$0 $0 $0
Kannan Seshadri Director 2.00
Director
$0 $0 $0
Nicoshia Wynn Director 2.00
Director
$0 $0 $0
Jahnavi Darji Director 2.00
Director
$0 $0 $0
Monika Vadali Director 2.00
Director
$0 $0 $0
Patrick Moore Director 2.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $640,797 $522,313 $215,296 $118,484
2023 $379,233 $532,406 $111,984 $-153,173
2022 $448,643 $379,266 $257,606 $69,377
2021 $251,712 $313,100 $188,341 $-61,388
2020 $300,832 $274,616 $228,590 $26,216
2019 $274,277 $349,773 $170,390 $-75,496
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