National Bureau Of Economic Research Inc
- Assets
- $176.8m
- Revenue
- $41.7m
- Investments
- $0.0
- Employees
- 525
- Location
- Cambridge, MA
- Founding
- 03/1921
- Data as of
- 06/2023
- 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 06/2023, National Bureau Of Economic Research Inc employed 525 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 06/2023, National Bureau Of Economic Research Inc generated $41.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $38.5m during the year ending 06/2023. While expenses have increased by 1.6% 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
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.
NON-SPONSORED RESEARCH
RESEARCH MEETINGS: THE NBER ORGANIZED 149 RESEARCH MEETINGS AND CONFERENCES DURING THE YEAR, INCLUDING 50 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. MOST ARE HELD IN CAMBRIDGE, MASSACHUSETTS, ALTHOUGH SOME ARE HELD IN OTHER LOCATIONS, AND ALL ARE VIRTUALLY HOSTED AS WELL.
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 HEALTH, AND THE NBER BULLETIN ON RETIREMENT AND DISABILITY. THE NBER POSTS OVER TWELVE HUNDRED WORKING PAPERS ANNUALLY, AND MORE THAN NINE HUNDRED INSTITUTIONS SUBSCRIBE TO THE NBER WORKING PAPER SERIES. THE CIRCULATION OF THE DIGEST AND REPORTER PUBLICATIONS IS SEVERAL TIMES LARGER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Poterba President & CEO | OfficerTrustee | 35 | $812,269 |
John Lipsky Chair & Director | OfficerTrustee | 1 | $0 |
Peter Blair Henry Vice Chair & Director | OfficerTrustee | 1 | $0 |
Robert Mednick Treasurer & Director | OfficerTrustee | 1 | $0 |
Tim Beatty Director | Trustee | 1 | $0 |
Timothy Bresnahan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Velir Inc Information Technology & Website Support | 6/29/23 | $167,626 |
Adp Inc Payroll/human Resources Processing | 6/29/23 | $165,894 |
Black Diamond Networks Inc Information Technology & Website Support | 6/29/23 | $166,800 |
University Of Chicago Press Publishing | 6/29/23 | $127,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,360,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,082,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,442,746 |
| Total Program Service Revenue | $1,523,580 |
| Investment income | $3,806,360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,899,280 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,671,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,600 |
| Grants and other assistance to domestic individuals. | $1,946,937 |
| Grants and other assistance to Foreign Orgs/Individuals | $29,067 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,498,318 |
| Compensation of current officers, directors, key employees. | $2,202,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,632,140 |
| Pension plan accruals and contributions | $1,831,389 |
| Other employee benefits | $1,512,348 |
| Payroll taxes | $888,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $182,945 |
| Fees for services: Accounting | $138,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $107,623 |
| Fees for services: Other | $640,540 |
| Advertising and promotion | $0 |
| Office expenses | $317,971 |
| Information technology | $1,236,265 |
| Royalties | $0 |
| Occupancy | $2,424,016 |
| Travel | $2,780,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,688,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,131 |
| Insurance | $247,529 |
| All other expenses | $132,354 |
| Total functional expenses | $38,473,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,317,415 |
| 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 | $1,048,042 |
| Net Land, buildings, and equipment | $733,291 |
| Investments—publicly traded securities | $155,894,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,759,110 |
| Total assets | $176,832,918 |
| Accounts payable and accrued expenses | $3,354,877 |
| Grants payable | $0 |
| Deferred revenue | $11,374,243 |
| 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 | $13,953,007 |
| Total liabilities | $28,682,127 |
| Net assets without donor restrictions | $148,150,791 |
| 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 | $176,832,918 |