No, it is a private academic research institution. It is a secondary branch of the Higher Education Society. Different units will have different standards for the identification of activities organized by various associations. Some schools will not recognize its awards, projects, etc. Some will also look at its project awards according to the lowest city level. As for the secondary branch, it is even worse. However, there may be some high evaluations, so you should consult the relevant departments of your unit.
But on the whole, this dual society is not authoritative.