American Committee For The Weizmann Institute Of Science Inc
- Assets
- $998.5m
- Revenue
- $135.7m
- Investments
- $821.4m
- Employees
- 74
- 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 06/2021, American Committee For The Weizmann Institute Of Science Inc employed 74 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 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $92.5m during the year ending 06/2021. While expenses have increased by 4.6% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 BENEFIT 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 | $492,072 |
Mark Feldman Senior Vice President Thru 12/31/21 | Officer | 35 | $409,858 |
Michele Willner Chief Financial Officer | Officer | 35 | $385,874 |
Bonnie Diamond Senior Vice President | Officer | 35 | $338,504 |
Janis Rabin Executive Director | Officer | 35 | $323,776 |
Stacy Sulman Chief Legal Officer | Officer | 35 | $322,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sanky Communications Fundraising Consulting | 6/29/21 | $276,400 |
Community Counseling Services Llc Fundraising Consulting | 6/29/21 | $430,800 |
Furman Roth Inc Advertising | 6/29/21 | $557,000 |
Sandhurst Associates Sandhurst Associates Maintenance Services | 6/29/21 | $207,900 |
Grant Thorton Llp Accounting Services | 6/29/21 | $171,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,000 |
| Related organizations | $13,338,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,228,000 |
| Noncash contributions included in lines 1a–1f | $2,506,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,617,000 |
| Total Program Service Revenue | $0 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $371,000 |
| 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 | $72,000 |
| 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 |
| Net Land, buildings, and equipment | $6,114,000 |
| 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 | $79,719,000 |
| Net assets with donor restrictions | $895,481,000 |
| 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 | $998,462,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American Committee For The Weizmann Institute Of Science Inc has recieved totaling $80,500.
| Awarding Organization | Amount |
|---|---|
Marc E Leland Foundation Boston, MA PURPOSE: UNRESTRICTED | $75,000 |
Hyman Levine Family Foundation Ldor Vdor Beverly Hills, CA PURPOSE: CHARITY/EDUCATION | $5,000 |
The Morrow Foundation Inc West Palm Beach, FL PURPOSE: TO SUPPORT CHARITABLE ENDEVORS | $500 |
Endowment Analysis
| Beg. Balance | $628,389,000 |
| Earnings | $175,440,000 |
| Net Contributions | $95,000 |
| Other Expense | $26,117,000 |
| Ending Balance | $777,807,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Committee For The Weizmann Institute Of Science Inc New York, NY | $998,462,000 | $135,716,000 |
American Friends Of The Hebrew University Inc New York, NY | $772,129,551 | $142,838,481 |
Cambridge In America New York, NY | $39,696,080 | $66,388,937 |
American Friends Of Magen David Adom New York, NY | $63,791,324 | $47,704,014 |
American Friends Of The Tel Aviv University Inc New York, NY | $102,815,581 | $23,256,037 |
American Committee For Shaare Zedek New York, NY | $30,081,200 | $42,143,633 |
The Shalom Hartman Institute Of North America New York, NY | $33,744,747 | $19,450,722 |
American Friends Of I D C New York, NY | $14,623,044 | $14,040,962 |
Impactisrael Inc Needham, MA | $24,207,913 | $9,440,610 |
Western Wall Heritage Foundation Inc New York, NY | $25,127,804 | $7,810,412 |
American Academy In Berlin New York, NY | $65,074,118 | $12,729,406 |
Pardes Institute Of Jewish Studies North America Inc New York, NY | $14,479,491 | $5,447,773 |