Better Business Bureau Report for
iSPACE, Inc.

Better Business Bureau Report issued November 2011
Better Business Bureau Report expires November 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: iSPACE, Inc.
Address: 3254 East Kemper Road
  Cincinnati, OH 45241
Phone: (513) 612-5786
Web Address: www.ispacescience.org
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Better Business Bureau Comments

Year, State Incorporated: 2001, Ohio
Affiliates: None
Stated Purpose: iSPACE inspires learning, ignites imaginations and is a catalyst for new futures through interactive space programs and career exploration.

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Evaluation Conclusions

              

iSPACE, Inc. meets the 20 Standards for Charity Accountability.
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Programs

              

iSPACE is a hands-on science center serving over 12,000 people each year. iSPACE uses space as a theme to inspire students in science, technology, engineering and mathematics (STEM), improve academic performance and create career awareness in these areas. iSPACE also emphasizes 21st Century Learning Skills in all programs to ensure that students develop lifelong skills such as problem solving, teamwork, collaboration, critical thinking and communication. iSPACE serves as a field trip destination for interactive, hands-on/minds-on, inquiry-based programs aligned with state and national standards to students, educators and families in 16 counties in the Tri-State region. Using topics such as space exploration, robotics and rocketry, iSPACE also provides iSPACE To-Go: School Outreach; iDISCOVER: Daytime programs perfect for homeschool; iEXPLORE: Evening and weekend programs for students; iWONDER: Pipsqueak Science for Preschoolers; iTEACH: Professional Development for Educator; Summer Day Camps; Youth Programs: Scouts, 4-H, PTO-PTA, Clubs; Family Nights. iSPACE is very conscious of the need for collaboration and works diligently with their partners, some of whom include Great Oaks Institute of Technology and Career Development, Hamilton County Educational Service Center, the OHIO STEM Learning Network, the University of Cincinnati, the Ohio Space Grant Consortium, Time Warner Cable, and many other corporations, institutions and organizations.

For the fiscal year ended December 31, 2010, iSPACE, Inc.'s program expenses were:

  
Program 185,343
Total Program Expenses: $185,343
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Governance

              

Chief Executive : Ms. Linda Neenan, Executive Director
Compensation*:
$

Highest Paid Executive: Ms. Bev Ketron,Education Director
Compensation*: $47,675

Chair of the Board: Mr. Jon Quatman
Chair's Profession / Business Affiliation: Vice President of Performance and Outcomes, Great Oaks Institute of Technology and Career Development

Board Size: 10

Paid Staff Size: 4

*According to the charity, Ms. Neenan is a volunteer with the charity.

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail appeals, invitations to fundraising events, grant proposals, Internet
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $75,003, are donations received as a result of fundraising activities.)
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Tax Status

              

This charity is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on iSPACE, Inc.'s unaudited financial statements for the fiscal year ended December 31, 2010.

Source of Funds  
Camp Registrations 84,870
Foundation and Agency Grants 38,168
Student Workshops 28,871
Corporation Contributions 22,708
Tournaments 10,704
Individual Donations 8,600
Special Events 5,527
T-Shirt Sales 1,920
Gift Shop Sales 1,383
Miscellaneous Income 967
Educator Workshops 880
Public Programs 668
Interest and Dividends 94
Total Income $205,360


chart



Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 1%  Administrative: 14% 

Total income   $205,360
  Program expenses $185,343
  Fund raising expenses 2,031
  Administrative expenses 31,068
 
Total expenses   $218,442
Expenses in Excess of Income   (13,082)
Beginning net assets   97,781
Ending net assets   84,699
Total liabilities  
Total assets   $84,699


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