Associated Universities Inc
- Assets
- $67.5m
- Revenue
- $134.2m
- Investments
- $0.0
- Employees
- 696
- Location
- Vienna, VA
- Founding
- 02/1952
- Data as of
- 09/2023
- EIN
- 11-1630900
Organization Overview
Associated Universities Inc is located in Vienna, VA. The organization was established in 1952. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 09/2023, Associated Universities Inc employed 696 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Universities Inc 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 09/2023, Associated Universities Inc generated $134.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $136.1m during the year ending 09/2023. While expenses have increased by 4.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COLLABORATES WITH SCIENTIFIC COMMUNITY & RESEARCH SPONSORS TO PLAN, BUILD & OPERATE CUTTING-EDGE FACILITIES. WE CULTIVATE EXCELLENCE, DELIVER VALUE, ENHANCE EDUCATION & ENGAGE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASTRONOMY AND ASTROPHYSICS RESEARCH PROGRAMS: ASSOCIATED UNIVERSITIES INC OPERATES A COMPLEMENTARY SUITE OF POWERFUL, STATE OF THE ART RADIO TELESCOPES FOR RESEARCH CONDUCTED BY THE INTERNATIONAL SCIENTIFIC COMMUNITY. THE SUITE OF TELESCOPES INCLUDE: THE ATACAMA LARGE MILLIMETER/SUBMILLIMTER ARRAY, THE ROBERT C. BYRD GREEN BANK TELESCOPE, EXPANDED VERY LARGE ARRAY, AND THE VERY LARGE BASELINE ARRAY. THE ORGANIZATION ALSO PROVIDES FORMAL AND INFORMAL PROGRAMS GENERAL PUBLIC AND THE MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Cohen President, Coo, Vp, Trustee | OfficerTrustee | 40 | $482,302 |
Rachel Akeson Trustee | Trustee | 2 | $0 |
Dean W Currie Trustee | Trustee | 3 | $0 |
Patricia Morales Errazuriz Trustee | Trustee | 0 | $0 |
Kathryn Flanagan Trustee | Trustee | 3 | $0 |
Gabriela Gonzalez Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mtex Antenna Technology Antenna Prototype | 9/29/23 | $3,003,731 |
Raytheon Technologies Inc Radar Design | 9/29/23 | $1,853,578 |
Topten Technologies Inc Subcontractor Construction | 9/29/23 | $1,507,386 |
Keysight Technologies Inc Calibration Agreement | 9/29/23 | $1,015,133 |
Venable Llp Legal Services | 9/29/23 | $530,877 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,272,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $744,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,017,167 |
| Total Program Service Revenue | $5,015,675 |
| Investment income | $343,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $442,657 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$608,542 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,210,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,053,128 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,652,904 |
| Compensation of current officers, directors, key employees. | $1,499,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,135,209 |
| Pension plan accruals and contributions | $4,964,184 |
| Other employee benefits | $12,973,460 |
| Payroll taxes | $4,120,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $351,329 |
| Fees for services: Accounting | $171,525 |
| Fees for services: Lobbying | $286,731 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,268 |
| Fees for services: Other | $5,299,337 |
| Advertising and promotion | $4,711 |
| Office expenses | $313,344 |
| Information technology | $3,426,374 |
| Royalties | $294,074 |
| Occupancy | $2,492,653 |
| Travel | $4,776,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,143,155 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $394,408 |
| Insurance | $621,950 |
| All other expenses | $460,161 |
| Total functional expenses | $136,123,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,769,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,355,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $763,320 |
| Prepaid expenses and deferred charges | $1,975,153 |
| Net Land, buildings, and equipment | $1,224,618 |
| Investments—publicly traded securities | $12,098,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,313,477 |
| Total assets | $67,500,246 |
| Accounts payable and accrued expenses | $25,381,604 |
| Grants payable | $0 |
| Deferred revenue | $6,036,507 |
| 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 | $2,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,883,970 |
| Total liabilities | $63,802,081 |
| Net assets without donor restrictions | $3,419,293 |
| Net assets with donor restrictions | $278,872 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $67,500,246 |