American Society For Technion- Israel Institute Of Technology Inc
- Assets
- $552.2m
- Revenue
- $74.5m
- Investments
- $147.4m
- Employees
- 80
- Location
- New York, NY
- Founding
- 10/1956
- Data as of
- 09/2020
- EIN
- 13-0434195
Organization Overview
American Society For Technion- Israel Institute Of Technology Inc, operating under the name American Technion Society, is located in New York, NY. The organization was established in 1956. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2021, American Technion Society employed 80 individuals. This organization is the central organization for a national or regional group of organizations. American Technion Society 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 09/2020, American Technion Society generated $74.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $65.7m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Technion Society has awarded 12 individual grants totaling $66,452,405. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN TECHNION SOCIETY SUPPORTS VISIONARY EDUCATION AND WORLD-CHANGING (CONTINUED ON SCH O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HELEN DILLER QUANTUM CENTER - SEE SCHEDULE O
NANCY AND STEPHEN GRAND TECHNION ENERGY PROGRAM - SEE SCHEDULE O
THE ZUCKERMAN STEM LEADERSHIP PROGRAM - SEE SCHEDULE O
THE TECHNION IS KNOWN FOR WORLD-LEADING RESEARCH IN A RANGE OF AREAS: AEROSPACE, BIOTECHNOLOGY, BIOMEDICAL ENGINEERING, CANCER, COMPUTER SCIENCE, ELECTRICAL ENGINEERING, MEDICINE, QUANTUM ENGINEERING, ROBOTICS, SUSTAINABLE ENERGY AND WATER RESOURCES/RECLAMATION. IN 2021, THE AMERICAN TECHNION SOCIETY PROVIDED FUNDING FOR THE JACOBS-TECHNION CORNELL INSTITUTE; FACULTY RECRUITMENT AND RETENTION; THE FACULTY OF COMPUTER SCIENCE EXPANSION; CAMPUS ENHANCEMENTS; AND RESEARCH IN FIELDS SUCH AS SECURITY/DEFENSE AND NEURODEGENERATIVE DISORDERS. ATS DONORS PROVIDE ONGOING SUPPORT FOR TOP TECHNION PRIORITIES: GRADUATE STUDENT FELLOWSHIPS, STUDENT HOUSING AND AID FOR STUDENTS FROM DISADVANTAGED BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Waxman-Lenz Chief Executive Officer | Officer | 40 | $541,813 |
David Chivo Chief Development Officer | Officer | 40 | $307,732 |
Shanta Mali - Chief Marketing Officer (thru 7/2021) | Officer | 40 | $299,914 |
Jerome Kleinman Executive Director, Principal Gifts | 40 | $267,787 | |
Tova Kantrowitz Former Sr. Adv. Strat., Partnsh | 0 | $256,785 | |
Irv Elenberg Regional Senior Dir. Of Development | 40 | $231,074 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz & Associates Investment | 9/29/21 | $277,728 |
Grant Thornton Llp Accounting | 9/29/21 | $190,575 |
Alliance Bernstein Lp Investment | 9/29/21 | $127,116 |
Pannone Lopes Devereaux & O'gara Llc Legal | 9/29/21 | $116,146 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,617,923 |
| Investment income | $9,577,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,257,841 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,453,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $46,560,517 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,727,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,264,283 |
| Pension plan accruals and contributions | $345,257 |
| Other employee benefits | $1,103,348 |
| Payroll taxes | $618,461 |
| Fees for services: Management | $41,667 |
| Fees for services: Legal | $161,689 |
| Fees for services: Accounting | $205,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $159,363 |
| Fees for services: Investment Management | $1,076,217 |
| Fees for services: Other | $281,630 |
| Advertising and promotion | $443,478 |
| Office expenses | $264,619 |
| Information technology | $320,458 |
| Royalties | $0 |
| Occupancy | $821,307 |
| Travel | $491,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,423 |
| Interest | $459,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $409,361 |
| Insurance | $254,248 |
| All other expenses | $0 |
| Total functional expenses | $65,749,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,130,840 |
| Savings and temporary cash investments | $298,676 |
| Pledges and grants receivable | $43,248,943 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $38,959,233 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,627,912 |
| Investments—publicly traded securities | $262,323,186 |
| Investments—other securities | $147,409,351 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,499,848 |
| Total assets | $552,165,498 |
| Accounts payable and accrued expenses | $5,335,888 |
| Grants payable | $4,148,233 |
| 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 | $11,300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,157,707 |
| Total liabilities | $45,941,828 |
| 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 | $506,223,670 |
Grants Awarded
Over the last fiscal year, American Society For Technion- Israel Institute Of Technology Inc has awarded $1,215,126 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Various Projects | $1,090,126 |
New York, NY PURPOSE: Research | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that American Society For Technion- Israel Institute Of Technology Inc has recieved totaling $4,489,328.
| Awarding Organization | Amount |
|---|---|
Stephen B Klein Charitable Foundation Tr Philadelphia, PA PURPOSE: UNRESTRICTED CONTRIBUTION | $2,000,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $520,522 |
Harry & Mae Schetzen Foundation Clermont, FL PURPOSE: GENERAL OPERATING PURPOSES | $390,000 |
Helena Bigos Supporting Foundation Golden Valley, MN PURPOSE: GENERAL OPERATING | $356,843 |
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT HIGHER EDUCATION | $302,990 |
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR THE JUDITH KAPLAN DOCTORAL FELLOWSHIP FUND | $208,750 |
Endowment Analysis
| Beg. Balance | $400,204,735 |
| Earnings | $78,689,493 |
| Admin Expense | $7,999,999 |
| Net Contributions | $7,720,807 |
| Grants | $12,473,285 |
| Ending Balance | $466,141,751 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Brother Foundation Pittsburgh, PA | $16,877,615 | $117,307,567 |
International Aids Vaccine Initiative Inc New York, NY | $107,049,023 | $126,352,598 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
Oxfam-America Inc Boston, MA | $98,567,095 | $108,365,278 |
Helen Keller International New York, NY | $112,029,852 | $121,068,878 |
Action Against Hunger Usa New York, NY | $114,998,583 | $117,737,270 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY | $532,275,365 | $140,855,420 |
Concern Worldwide U S Inc New York, NY | $28,102,900 | $75,183,447 |
Brac Usa Inc New York, NY | $39,074,186 | $26,089,482 |
American Society For Technion- Israel Institute Of Technology Inc New York, NY | $552,165,498 | $74,453,195 |
The American College Of Greece Boston, MA | $67,377,188 | $58,892,639 |
King Baudouin Foundation United States Inc New York, NY | $71,313,887 | $81,640,878 |