American Academy Of Arts And Sciences
- Assets
- $130.2m
- Revenue
- $32.3m
- Investments
- $27.6m
- Employees
- 64
- Location
- Cambridge, MA
- Founding
- 07/1934
- Data as of
- 06/2021
- EIN
- 04-2103651
Organization Overview
American Academy Of Arts And Sciences is located in Cambridge, MA. The organization was established in 1934. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. As of 06/2022, American Academy Of Arts And Sciences employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Arts And Sciences is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, American Academy Of Arts And Sciences generated $32.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $11.8m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN ACADEMY OF ARTS AND SCIENCES IS AN HONORARY MEMBERSHIP SOCIETY THAT DRAWS UPON DISTINGUISHED SCHOLARS IN EVERY RELEVANT ART AND SCIENCE TO CONDUCT SERIOUS ANALYSES OF ISSUES OF PRACTICAL CONCERN TO THE NATION. THE ACADEMY EXAMINES POLICY CHALLENGES AND SCHOLARLY QUESTIONS THAT CANNOT BE EASILY ADDRESSED BY SCHOLARS OR PROFESSIONS IN ISOLATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMY PROJECTS AND STUDIES - DRAWING FROM EVERY FIELD OF RESEARCH AND PROFESSIONAL PRACTICE, THE ACADEMY BRINGS TOGETHER SCHOLARS, ARTISTS, POLICY-MAKERS, BUSINESS LEADERS, AND OTHER EXPERTS TO EXAMINE THE MOST PRESSING PROBLEMS FACING OUR WORLD. OFTEN, THE ACADEMY'S INFLUENTIAL STUDIES HELP PIONEER NEW FIELDS THAT TRANSCEND DISCIPLINARY BOUNDARIES.
PROJECT OUTREACH AND EVENTS - THE ACADEMY REGULARLY SPONSORS MEETINGS, LECTURES, PANEL DISCUSSIONS, AND INFORMAL GATHERINGS AROUND THE COUNTRY. TOPICS ARE DRAWN FROM ACADEMY PROJECTS AS WELL AS THE RESEARCH AND WRITINGS OF ACADEMY MEMBERS.
PUBLICATIONS - THE ACADEMY MAINTAINS AN ACTIVE PUBLICATIONS PROGRAM TO DISSEMINATE NEW KNOWLEDGE AS WELL AS RECOMMENDATIONS FROM ACADEMY RESEARCH. OUR PUBLICATIONS INFLUENCE SCHOLARS, POLICY-MAKERS, AND OTHER LEADERS IN HIGHER EDUCATION, GOVERNMENT, THE ARTS, BUSINESS, PUBLIC AFFAIRS, AND PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy C Andrews Chair Of Board | OfficerTrustee | 4 | $0 |
Diane P Wood Vice Chair Of Board (until 06/2022) | OfficerTrustee | 1 | $0 |
Stephen B Heintz Vice Chair Of Board | OfficerTrustee | 1 | $0 |
Geraldine L Richmond Secretary (until 06/2022) | OfficerTrustee | 1 | $0 |
Carl H Pforzheimer III Treasurer (until 06/2022) | OfficerTrustee | 1 | $0 |
Kwame Anthony Appiah Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shield Geo Services Contract Employee | 6/29/22 | $311,715 |
Idealist Consulting Information Technology | 6/29/22 | $422,845 |
Chapman Construction Construction/design | 6/29/22 | $719,417 |
Northeast Document Documment Preservation | 6/29/22 | $218,805 |
Kirkwood Printing Comp Printing Services | 6/29/22 | $216,336 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,283,692 |
| Investment income | $444,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,779,216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,259,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $908,006 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,827,488 |
| Pension plan accruals and contributions | $483,218 |
| Other employee benefits | $479,340 |
| Payroll taxes | $416,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,922 |
| Fees for services: Accounting | $58,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,187 |
| Fees for services: Other | $2,007,272 |
| Advertising and promotion | $0 |
| Office expenses | $13,101 |
| Information technology | $345,497 |
| Royalties | $0 |
| Occupancy | $197,697 |
| Travel | $254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,428 |
| Interest | $47,804 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $994,581 |
| Insurance | $88,089 |
| All other expenses | $0 |
| Total functional expenses | $11,837,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,125,052 |
| Savings and temporary cash investments | $3,160,735 |
| Pledges and grants receivable | $14,567,324 |
| Accounts receivable, net | $1,040,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,301 |
| Prepaid expenses and deferred charges | $365,823 |
| Investments—publicly traded securities | $52,958,667 |
| Investments—other securities | $27,587,777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,572,682 |
| Total assets | $130,163,761 |
| Accounts payable and accrued expenses | $1,165,236 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,162,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,328,008 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $126,835,753 |
Grants Awarded
Over the last fiscal year, American Academy Of Arts And Sciences has awarded $74,974 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: Reimbursement for costs related to independent study | $37,500 |
UNIVERSITY OF MISSISSIPPI PURPOSE: Reimbursement for costs related to independent study | $37,474 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Arts And Sciences Cambridge, MA | $130,163,761 | $32,259,525 |
Universal Enlightenment Forum Inc New York, NY | $1,550,043 | $515,224 |
Dame Jillian & Dr Arthur M Sackler Fdn For The Arts Scs & Humanities New York, NY | $4,071,479 | $320,434 |
Science And Math Investigative Learning Experiences Kingston, RI | $276,211 | $153,127 |
Narrative Research Group Inc Narragansett, RI | $68,923 | $0 |
Association For The Study Of Persianate Societies Inc Boston, MA | $91,587 | $0 |
Joseph F Meade Memorial Science Fund Hammondsport, NY | $243,291 | $34,598 |
Gilchrist Institute For The Achievement Sciences Ltd Bronxville, NY | $134,615 | $60,032 |
Institute Of Traditional Science Inc Cambridge, MA | $167,822 | $5,269 |
Filipinas Americas Science And Art Foundation New York, NY | $200,305 | $0 |