National Bureau Of Economic Research Inc
- Assets
- $153.2m
- Revenue
- $42.1m
- Investments
- $0.0
- Employees
- 582
- Location
- Cambridge, MA
- Founding
- 03/1921
- Data as of
- 06/2022
- EIN
- 13-1641075
Organization Overview
National Bureau Of Economic Research Inc is located in Cambridge, MA. The organization was established in 1921. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 06/2022, National Bureau Of Economic Research Inc employed 582 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Bureau Of Economic Research 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 06/2022, National Bureau Of Economic Research Inc generated $42.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $33.7m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL BUREAU OF ECONOMIC RESEARCH IS A PRIVATE, NONPROFIT, NONPARTISAN RESEARCH ORGANIZATION DEDICATED TO PROMOTING A GREATER UNDERSTANDING OF HOW THE ECONOMY WORKS. IT IS COMMITTED TO UNDERTAKING AND DISSEMINATING UNBIASED ECONOMIC RESEARCH AMONG ACADEMIC RESEARCHERS, POLICY-MAKERS, AND BUSINESS PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED RESEARCH: THE NBER AND ITS AFFILIATED RESEARCHERS CONDUCT ACADEMIC RESEARCH PROJECTS ON A WIDE ARRAY OF TOPICS WITHIN ECONOMICS. THESE PROJECTS ARE FUNDED BY GRANTS FROM VARIOUS GOVERNMENT AGENCIES AND PRIVATE FOUNDATIONS. SPONSORS INCLUDE THE NATIONAL INSTITUTE OF HEALTH, THE NATIONAL SCIENCE FOUNDATION, THE SOCIAL SECURITY ADMINISTRATION, AND THE ALFRED P. SLOAN FOUNDATION, AMONG OTHER ENTITIES. THE NBER HAS OVER 1,700 AFFILIATED RESEARCHERS, AND MORE THAN 300 CURRENT RESEARCH PROJECTS.
RESEARCH MEETINGS: THE NBER ORGANIZED 141 RESEARCH MEETINGS AND CONFERENCES DURING THE YEAR, INCLUDING 52 MEETINGS THAT TAKEN TOGETHER CONSTITUTE THE NBER'S SUMMER INSTITUTE. THESE MEETINGS PROVIDE AN OPPORTUNITY FOR RESEARCHERS, BOTH NBER AFFILIATES AND OTHER INVITEES, TO PRESENT THEIR LATEST RESEARCH FINDINGS AND TO EXCHANGE IDEAS ABOUT ONGOING RESEARCH. THE MEETINGS INCLUDE BOTH RESEARCH CONDUCTED THROUGH THE NBER AND OTHER RELEVANT ACADEMIC RESEARCH. THESE MEETINGS ARE ORGANIZED BY THE NBER'S PROGRAM DIRECTORS AND WORKING GROUP DIRECTORS, OR OTHER RESEARCHERS SELECTED BY THEM. ALL MEETINGS WERE VIRTUALLY HOSTED, BUT MANY RESUMED WITH IN-PERSON ATTENDANCE, MOSTLY IN CAMBRIDGE, MASSACHUSETTS.
PUBLICATIONS: THE NBER DISSEMINATES THE SCIENTIFIC FINDINGS OF ITS AFFILIATED RESEARCHERS IN SEVERAL WAYS: BY INCLUSION IN THE NBER WORKING PAPER SERIES, BY PUBLISHING BOOKS, USUALLY IN COLLABORATION WITH THE UNIVERSITY OF CHICAGO PRESS, AND BY HIGHLIGHTING RESEARCH IN THE MORE BROADLY-DISTRIBUTED NBER DIGEST, NBER REPORTER, NBER BULLETIN ON ENTREPRENEURSHIP, NBER BULLETIN ON HEALTH, AND THE NBER BULLETIN ON RETIREMENT AND DISABILITY. MORE THAN A THOUSAND INSTITUTIONS SUBSCRIBE TO THE NBER WORKING PAPER SERIES. THE CIRCULATION OF THE DIGEST AND REPORTER PUBLICATIONS IS SEVERAL TIMES LARGER.
NON-SPONSORED RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Poterba President & CEO | OfficerTrustee | 35 | $775,666 |
Daniel Feenberg Dir Of Information Systems | 35 | $286,231 | |
Alterra Milone Corp Sec & Dir Of Grants | Officer | 35 | $250,183 |
Kelly Horak Asst Corp Sec & Controller | Officer | 35 | $245,930 |
Mohan Ramanujan Unix System Administrator | 35 | $218,136 | |
Richard Woodbury Aging Program Specialist | 28 | $181,989 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Velir Inc Information Technology & Website Support | 6/29/22 | $215,671 |
Black Diamond Networks Inc Information Technology & Website Support | 6/29/22 | $196,800 |
Adp Inc Payroll/human Resources Processing | 6/29/22 | $160,213 |
Goodway Group Printing And Distribution Services | 6/29/22 | $149,342 |
Isaacson Miller Inc Hiring Services | 6/29/22 | $101,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,543,756 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,914,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,458,561 |
| Total Program Service Revenue | $1,527,439 |
| Investment income | $3,734,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,424,834 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,145,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,150 |
| Grants and other assistance to domestic individuals. | $1,925,714 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,784 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,988,663 |
| Compensation of current officers, directors, key employees. | $1,710,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,477,452 |
| Pension plan accruals and contributions | $1,838,152 |
| Other employee benefits | $1,419,474 |
| Payroll taxes | $825,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,668 |
| Fees for services: Accounting | $87,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $121,648 |
| Fees for services: Other | $1,690,589 |
| Advertising and promotion | $0 |
| Office expenses | $269,394 |
| Information technology | $976,231 |
| Royalties | $0 |
| Occupancy | $2,220,372 |
| Travel | $743,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $902,116 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,891 |
| Insurance | $223,818 |
| All other expenses | $183,954 |
| Total functional expenses | $33,720,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,060,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,353,960 |
| 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 | $1,402,118 |
| Net Land, buildings, and equipment | $603,552 |
| Investments—publicly traded securities | $144,801,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $153,221,973 |
| Accounts payable and accrued expenses | $3,473,396 |
| Grants payable | $0 |
| Deferred revenue | $11,674,301 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,765 |
| Total liabilities | $15,263,462 |
| Net assets without donor restrictions | $137,958,511 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $153,221,973 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that National Bureau Of Economic Research Inc has recieved totaling $6,966,660.
| Awarding Organization | Amount |
|---|---|
Alfred P Sloan Foundation New York, NY PURPOSE: TO ADVANCE RESEARCH ON THE ECONOMICS OF DIGITIZATION INCLUDING TOPICS LIKE ALGORITHMIC FAIRNESS AND PRIVACY AS WELL AS PLATFORM COMPETITION AND REGULATION | $542,916 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO RENEW SUPPORT FOR A POSTDOCTORAL FELLOWSHIP PROGRAM FOCUSED ON THE LABOR MARKET CONSEQUENCES OF AN AGING POPULATION AND TO SUPPORT A SET OF RESEARCH PROJECTS DESIGNED TO PROVIDE NEW INSIGHTS ON THESE ISSUES | $456,838 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO INVESTIGATE AND EXPERIMENT WITH ALTERNATIVE PEER-REVIEW METHODS FOR SELECTING AMONG SCIENTIFIC RESEARCH PROPOSALS | $440,715 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO CONTINUE AND EXPAND THE ENVIRONMENTAL AND ENERGY POLICY AND THE ECONOMY (EEPE) INITIATIVE THAT CONNECTS ENERGY AND ENVIRONMENTAL ECONOMICS RESEARCH WITH DECISION-MAKERS | $403,844 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO ENCOURAGE, GROW, AND FURTHER STRENGTHEN RESEARCH ON BEHAVIORAL MACROECONOMICS BY PROVIDING DOCTORAL FELLOWSHIPS AND TRAINING SUPPORT TO EARLY-CAREER SCHOLARS | $366,660 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO PROVIDE PARTIAL SUPPORT FOR THOUSANDS OF PARTICIPANTS IN OVER 50 PROGRAMS THAT COMPRISE THE SUMMER INSTITUTE RUN ANNUALLY BY THE NATIONAL BUREAU OF ECONOMIC RESEARCH | $325,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Bureau Of Economic Research Inc Cambridge, MA | $153,221,973 | $42,145,646 |
American Institute For Economic Research Inc Great Barrington, MA | $214,395,947 | $3,768,400 |
The Institute For New Economic Thinking Inc New York, NY | $26,645,757 | $24,831,883 |
Council For Economic Education New York, NY | $5,635,385 | $6,851,531 |
Secured Finance Network Inc New York, NY | $3,073,536 | $3,338,734 |
Sifma Foundation For Investor Education Fie Inc New York, NY | $10,781,139 | $4,561,649 |
Economic Club Of New York New York, NY | $9,916,092 | $3,506,192 |
Center For Economic Growth Albany, NY | $2,002,118 | $2,266,001 |
Applied Economics Clinic Arlington, MA | $422,527 | $1,026,764 |
Schumacher Center For A New Economics Great Barrington, MA | $912,234 | $672,691 |
Institute For Economics And Peace New York, NY | $187,362 | $427,518 |
Mainsail Network Inc New York, NY | $57,987 | $204,862 |