Public Charity

IRIS FOUNDATION

IRIS FOUNDATION is a Public Charity headquartered in CHICAGO, IL. Financial data from the 2020 filing: $88K revenue, $80K expenses, $8K total assets. 4 publicly reported grants to this organization, totaling roughly $338K, appear in IRS filings.

EIN: 474623746 CHICAGO, IL Engineering & Technology NTEE: U40 Latest filing: 2020
Total Revenue$88K
Total Expenses$80K
Total Assets$8K
Grant Records4
Funding Total$338K
Filing Years2019–2020

Mission

THE IRIS FOUNDATION (THE "FOUNDATION") EXISTS TO SUPPORT THE APPLICATION, ENGAGEMENT AND DISSEMINATION OF "FIRST PRINCIPLES THINKING" IN SCIENCE, EDUCATION, COMMUNITY, DEVELOPMENT AND CIVIC ENGAGEMENT.THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, INCLUDING THE ADVANCEMENT OF EDUCATION, SCIENCE AND SOCIAL SCIENCE BY CONDUCTING LABS, CASE STUDIES, DISCUSSION GROUPS, FORUMS, PANELS, LECTURS, AND SIMILAR PROGRAMS.THE FOUNDATION WILL OFFER ITS FACILITIES AND RESOURCES TO INDIVIDUALS AND ORGANIZATIONS, INCLUDING STUDENTS, PROFESSORS, AND UNIVERSITIES, INITIALLY WITH A FOCUS ON THOSE STUDENTS, PROFESSORS, AND UNIVERSITIES LOCATED WITHIN ILLINOIS INCLUDING, WITHOUT LIMITAITON, THE UNIVERSITY OF ILLINOIS AT CHAMPAIGN-URBANA, TO SUPPORT LABS AND CASE STUDIES TO TEST CONCEPTS AND GENERATE DATA TO EFFECTUATE SOCIAL AND COMMUNITY BENEFITS. THE RESULTS OF THESE LABS WILL BE AVAILABLE

Where $100 goes at Iris Foundation

How Iris Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 2 years.

$90 Programs the work itself
$10 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $90 for programs

$90
In pursuit of the foundation mission to support "first principles thinking" in science, education, community development and civic engagement, Iris Foundation develops core organizational tenets and methodology for…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2020. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Secretary Oliver Derza
Executive Dir. Pericles Toscas
Vice President Thananuan Chariya

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$337,572 4 grants

Financial Trends

Year Revenue Expenses Assets
2020 $88K $80K $8K
2019 $84K $85K $472

Between 2019 and 2020, reported annual revenue grew from $84K to $88K (+4%), with total assets most recently reported at $8K.

Interactive year-over-year charts and full filing details available with membership.

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