IGEM FOUNDATION INC

EIN: 452313408 501(c)(3) Science & Technology

CAMBRIDGE, MA

Total Revenue
$6,029,844
Total Expenses
$7,332,251
Total Assets
$1,048,801
Net Assets
$227,156
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MA
Principal Officer
NEMANJA STIJEPOVIC
Phone
6172370037
Tax Period
2023-01-01 to 2023-12-31

IGEM FOUNDATION INC, founded in 2011, is a community nonprofit in the Science & Technology sector that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $7.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE INTERNATIONAL GENETICALLY ENGINEERED MACHINE (IGEM) FOUNDATION IS DEDICATED TO EDUCATION AND COMPETITION, ADVANCEMENT OF SYNTHETIC BIOLOGY, AND THE DEVELOPMENT OF OPEN COMMUNITY AND COLLABORATION. THE IGEM FOUNDATION FOSTERS SCIENTIFIC RESEARCH AND EDUCATION THROUGH ORGANIZING AND OPERATING THE IGEM COMPETITION, THE PREMIER STUDENT SYNTHETIC BIOLOGY COMPETITION. IT ALSO FOSTERS SCIENTIFIC RESEARCH AND EDUCATION BY ESTABLISHING AND OPERATING THE REGISTRY OF STANDARD BIOLOGICAL PARTS, A COMMUNITY COLLECTION OF BIOLOGICAL COMPONENTS. THE ORGANIZATION PROMOTES THE ADVANCEMENT OF SCIENCE AND EDUCATION BY DEVELOPING AN OPEN COMMUNITY OF STUDENTS AND PRACTITIONERS IN SCHOOLS, LABORATORIES, RESEARCH INSTITUTES, AND INDUSTRY. THE IGEM COMMUNITY HAS A LONG HISTORY OF INVOLVING STUDENTS AND THE PUBLIC IN THE DEVELOPMENT OF THE NEW FIELD OF SYNTHETIC BIOLOGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $150,138
Program Service Revenue $5,870,268
Investment Income $9,438
Other Revenue $0
TOTAL REVENUE $6,029,844

Expense Breakdown

Grants Paid $235,000
Salaries & Benefits $945,555
Fundraising Expenses $0
Program Expenses $6,005,044
Other Expenses $6,151,696
TOTAL EXPENSES $7,332,251

Year-over-Year Comparison

2023 2022 Change
Revenue $6,029,844 $5,016,663 +0.2%
Expenses $7,332,251 $7,418,776 0.0%
Net Income $-1,302,407 $-2,402,113 -0.5%
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
7
Independent Members
6
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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL RETTBERG CHAIRMAN/PRESIDENT 20.00
Officer Director
$0 $0 $0
THOMAS KNIGHT TREASURER 1.00
Officer Director
$0 $0 $0
DREW ENDY DIRECTOR 1.00
Director
$0 $0 $0
RICHARD JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
KING CHOWNONE DIRECTOR 1.00
Director
$0 $0 $0
ARIEL LINDNER DIRECTOR 1.00
Director
$0 $0 $0
JOHN CUMBERS DIRECTOR 1.00
Director
$0 $0 $0
PAM SILVER DIRECTOR 1.00
Director
$0 $0 $0
NEMANJA STIJEPOVIC EXECUTIVE VP/COO 20.00
Officer
$0 $0 $0
MEAGAN LIZARAZO FORMER CLERK/COO/VP 40.00
$168,462 $0 $168,462
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 No data No data No data No data
2023 $6,029,844 $7,332,251 $1,048,801 $-1,302,407
2022 $5,016,663 $7,418,776 $2,021,042 $-2,402,113
2021 $5,084,700 $3,098,049 $4,229,953 $1,986,651
2020 $3,326,433 $2,637,934 $2,299,321 $688,499
2019 $5,032,771 $4,252,408 $1,627,490 $780,363
2018 $4,460,079 $4,719,787 $1,204,857 $-259,708
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