Annual Information Statement 2019

Legal Name
Australian Science Innovations Incorporated
ABN
81731558309

About the charity

Website
Charity size
Large
Is the charity an incorporated association?
Yes
Select the state/territory and enter the incorporated association number
ACT incorporated association number: A01906
Does the charity intend to fundraise in the next reporting period?
Yes
Basic Religious Charity
No

Activities and Beneficiaries

Did the charity operate in the 2019 reporting period?
Yes
Main activity
Primary and secondary education
Main activities
Other education
Description of charity's activities and outcomes
We provide innovative and challenging science programs, to achieve world-class performance at the International Science Olympiads and to create pathways for talented students into STEM careers.
Where the charity conducted activities during the 2019 reporting period
Australian Capital Territory
Will the charity change or introduce any activities in the 2020 period?
No
Main beneficiary
Children - aged 6 to under 15
Other beneficiaries
  • Females
  • Youth - aged 15 to under 25

Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Human Resources

Human resources
  • Full time employees: 3
  • Part time employees: 5
  • Casual employees: 0
  • Full-time equivalent staff (FTE): 5
  • Estimated number of volunteers: 120

Financial Reporting

Charity's 2019 reporting period
1 January 2019 to 31 December 2019
Type of financial statement
General purpose financial statements
Financial report consolidated with more than one entity?
No
Financial report submitted to a state/territory regulator?
No

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$75,880.00
Revenue from providing goods or services
$599,982.00
Revenue from government including grants
$1,234,346.00
Revenue from investments
$40,122.00
All other revenue
$1,092,079.00
Total revenue
$3,042,409.00
Other income (for example, gains)
$0.00
Total gross income
$3,042,409.00
Expenses
Employee expenses
$805,922.00
Interest expenses
$0.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$1,829,076.00
Total expenses
$2,634,998.00
Net surplus/(deficit)
$407,411.00
Other comprehensive income
$0.00
Total comprehensive income
$407,411.00

Balance Sheet extract

Assets
Total current assets
$2,253,972.00
Non-current loans receivable
$0.00
Other non-current assets
$20,854.00
Total non-current assets
$20,854.00
Total assets
$2,274,826.00
Liabilities
Total current liabilities
$801,622.00
Non-current loans payable
$0.00
Other non-current liabilities
$0.00
Total non-current liabilities
$0.00
Total liabilities
$801,622.00
Net assets/liabilities
$1,473,204.00