2024-08-02T01:05:26-07:00 2023-12-31 990EZ 2023-01-01 010702612 INSTITUTE FOR DYNAMIC EDUCATION ADVANCEMENT INC INST 3016783210 7804 Garland Ave Takoma Park MD 20912 Michael Douma Exec Dir. 3016783210 2024-08-01 1 2023 2024-08-08 14:25:15Z X www.idea.org X X 183412 181675 1737 0 0 0 0 0 0 0 0 0 0 0 0 0 183412 0 0 0 81675 100000 0 0 181675 1737 -256100 0 -254363 X 0 1737 0 0 0 0 0 1737 256100 256100 -256100 -254363 Promote cultural & scientific literacy of Americans. Promoted scientific, artistic and cultural literacy by serving over 9 million visitors to interactive, online museum. 0 0 Mobile App Education: Support literacy via game and reference apps 81675 81675 81675 Michael Douma Executive Director 10 0 0 0 Horace Dediu Finance Director 0 0 0 0 Sergei Lemberg Secretary 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MD Michael Douma 7804 Garland Ave Takoma Park MD 20912 3016783210 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 121858 138000 1703 2526 306675 570762 121858 138000 1703 2526 306675 570762 81675 81675 0 0 0 0 81675 81675 489087 121858 138000 1703 2526 306675 570762 0.85690 1 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part II, Line 26 The organization has a liability of $256,100 due to a COVID-19 Economic Injury Disaster Loan (EIDL) received during the previous fiscal year. This loan was intended to help the organization manage financial difficulties caused by the COVID-19 pandemic. As of the end of the current fiscal year, the loan remains unpaid. The organization has focused on allocating its available funds towards operational and programming expenses to support the development of a learning game aimed at generating future revenue. The confusion regarding whether the EIDL loan was deferred or written off contributed to the delay in filing Form 990-EZ. We experienced confusion regarding whether our COVID EIDL loan was written off, which complicated our financial reporting and delayed the filing of Form 990-EZ. During this period, we focused on jumpstarting our work to generate future revenue by obtaining donations of compute and ads from Microsoft, Google, and others, and prioritizing the development of our learning game. This led to the immediate allocation of funds towards programming expenses, leaving insufficient funds for the EIDL loan repayment. Despite these challenges, we made every effort to file the return promptly. We have since clarified our financial processes and set up better planning to ensure timely filings in the future. We respectfully request that the IRS consider this reasonable cause and abate any penalties for the late filing of our return