American Committee For The Weizmann Institute Of Science Inc
- Assets
- $998.5m
- Revenue
- $135.7m
- Investments
- $821.4m
- Employees
- 70
- Location
- New York, NY
- Founding
- 08/1947
- Data as of
- 06/2021
- EIN
- 13-1623886
Organization Overview
American Committee For The Weizmann Institute Of Science Inc is located in New York, NY. The organization was established in 1947. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, American Committee For The Weizmann Institute Of Science Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Committee For The Weizmann Institute Of Science 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 06/2021, American Committee For The Weizmann Institute Of Science Inc generated $135.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $92.5m during the year ending 06/2021. While expenses have increased by 3.9% 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 COMMITTEE FOR THE WEIZMANN INSTITUTE OF SCIENCE ORCHESTRATES SUPPORT IN THE UNITED STATES FOR THE VIBRANT WORLD-RENOWNED SCIENTIFIC RESEARCH CENTER AND GRADUATE SCHOOL IN ISRAEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE TRANSMITTED TO THE WEIZMANN INSTITUTE OF SCIENCE, A WORLD-RENOWNED SCIENTIFIC RESEARCH CENTER. BASIC RESEARCH BY WEIZMANN INSTITUTE SCIENTISTS BENEFITS PEOPLE AROUND THE WORLD, NOTABLY IN FIGHTING CANCER, IMPROVING HEALTH AND MEDICINE, PROTECTING OUR PLANET, ADVANCING TECHNOLOGY, ENRICHING EDUCATION, AND EXPLORING THE PHYSICAL WORLD. OUR SCIENTISTS WORK WITH THE BRIGHTEST MINDS ACROSS THE GLOBE, FROM SCIENTIFIC INSTITUTES AND MEDICAL CENTERS TO GOVERNMENT AGENCIES AND ACADEMIC INSTITUTIONS, AS THEY SEARCH FOR THE ANSWERS TO THE MOST CHALLENGING QUESTIONS FACING HUMANKIND. OUR MISSION IS SCIENCE FOR THE FUTURE OF HUMANITY.
FUNDS WERE TRANSMITTED TO THE FEINBERG GRADUATE SCHOOL AT THE WEIZMANN INSTITUTE OF SCIENCE FOR SCIENTIFIC AND EDUCATIONAL PURPOSES. THE FEINBERG GRADUATE SCHOOL'S PURPOSE IS TO CONDUCT, OPERATE AND MAINTAIN A GRADUATE SCHOOL FOR THE STUDY OF NATURAL SCIENCES AND MATHEMATICS. SINCE ITS ESTABLISHMENT IN 1958 AS THE ACADEMIC ARM OF THE WEIZMANN INSTITUTE OF SCIENCE RESPONSIBLE FOR ALL STUDENT AND POSTDOCTORAL AFFAIRS, THE FEINBERG GRADUATE SCHOOL HAS ESTABLISHED ITS REPUTATION AS A MULTIDISCIPLINARY CENTER WHERE STUDENTS STRIVE TO THE HIGHEST LEVELS OF KNOWLEDGE AND UNDERSTANDING, UNDER THE GUIDANCE OF CREATIVE AND ORIGINAL RESEARCHERS IN THE NATURAL SCIENCES AND MATHEMATICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Doneson Chief Executive Officer | Officer | 35 | $592,084 |
Jeffrey Sussman Vice President Thru 8/27/21 | Officer | 35 | $553,898 |
Mark Feldman Senior Vice President Thru 12/31/21 | Officer | 35 | $419,028 |
Bonnie Diamond Managing Director | Officer | 35 | $327,202 |
Michele Willner Chief Financial Officer | Officer | 35 | $359,142 |
Stacy Sulman Chief Legal Officer | Officer | 35 | $322,867 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Services Llc Fundraising Consulting | 6/29/22 | $527,000 |
Furman Roth Inc Advertising | 6/29/22 | $463,200 |
Sanky Communications Fundraising Consulting | 6/29/22 | $291,900 |
Pigeon Hole Consulting Consulting | 6/29/22 | $175,000 |
Symmetry Lithographers Digital And Printing Services | 6/29/22 | $168,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,617,000 |
| Investment income | $7,497,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,617,000 |
| Net Income from Fundraising Events | -$15,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,716,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $72,108,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,838,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,698,000 |
| Pension plan accruals and contributions | $861,000 |
| Other employee benefits | $1,093,000 |
| Payroll taxes | $575,000 |
| Fees for services: Management | $916,000 |
| Fees for services: Legal | $29,000 |
| Fees for services: Accounting | $158,000 |
| Fees for services: Lobbying | $17,000 |
| Fees for services: Fundraising | $897,000 |
| Fees for services: Investment Management | $2,293,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $858,000 |
| Office expenses | $669,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $727,000 |
| Travel | $23,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,000 |
| Interest | $8,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,000 |
| Insurance | $162,000 |
| All other expenses | $0 |
| Total functional expenses | $92,508,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,847,000 |
| Pledges and grants receivable | $134,142,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $16,211,000 |
| Investments—other securities | $821,365,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,783,000 |
| Total assets | $998,462,000 |
| Accounts payable and accrued expenses | $4,232,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,447,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $114,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,469,000 |
| Total liabilities | $23,262,000 |
| 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 | $975,200,000 |