SOCIETY FOR THE PRESERVATION OF NEAR-EXTINCT SPECIES

EIN: 465059570 501(c)(3)

Fort Lauderdale, FL

Total Revenue
$147,253
Total Expenses
$222,382
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NV
Principal Officer
Dr Mark Voelker
Phone
9547668433
Tax Period
2020-01-01 to 2020-09-30

SOCIETY FOR THE PRESERVATION OF NEAR-EXTINCT SPECIES, founded in 2014, is a small nonprofit that reported $147K in total revenue in fiscal year 2020. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $222K exceeded revenue, resulting in a 51% operating deficit.

Mission

The mission of The Society For The Preservation of Near-Extinct Species (the Organization) is to provide scientific information and educational services to the public in the areas of cryobiology and extending the healthy human lifespan. This is achieved through a one-of-a-kind facility inside an underground house. The Organization purchased the property - which was built during the Cold-War era to withstand a nuclear blast - during March 2014. One of the purposes of the property is to exhibit collections of documents and memorabilia in order to preserve its historic significance. As a structure that was built to exist in perpetuity, the house is ideal for storing and exhibiting cryo-preserved biological specimens (including the DNA of near-extinct species), organs for transplant, and other biological tissue. The facility includes a display area, a library and other scientific and educational resources.

Program Service Accomplishments

Program 1
Expenses: $167,405 Revenue: $0

Public and group tours, classes, lectures, meetings and events to provide information and educational services about cryobiology and related sciences, as well as the historical significance of the...

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Public and group tours, classes, lectures, meetings and events to provide information and educational services about cryobiology and related sciences, as well as the historical significance of the property.

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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 (2020)

Revenue Breakdown

Contributions & Grants $90,000
Program Service Revenue $4,253
Investment Income $0
Other Revenue $53,000
TOTAL REVENUE $147,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,445
Fundraising Expenses $0
Program Expenses $167,405
Other Expenses $191,937
TOTAL EXPENSES $222,382

Year-over-Year Comparison

2020 2019 Change
Revenue $147,253 $215,012 -0.3%
Expenses $222,382 $293,405 -0.2%
Net Income $-75,129 $-78,393 0.0%
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
3
Independent Members
3
Employees
N/A
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
$30,445
Total Directors
3
$30,445
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Voelker Chairman 40
Officer Director
$30,445 $0 $30,445
William Faloon Vice-Chairman 2
Officer Director
$0 $0 $0
Ben Best Secretary/Treasurer 2
Officer 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
2020 $147,253 $222,382 No data $-75,129
2019 $215,012 $293,405 $1,176,686 $-78,393
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