American Council Of Learned Societies
- Assets
- $199.6m
- Revenue
- $37.4m
- Investments
- $98.4m
- Employees
- 40
- Location
- New York, NY
- Founding
- 04/1953
- Data as of
- 06/2020
- EIN
- 13-1851145
Organization Overview
American Council Of Learned Societies is located in New York, NY. The organization was established in 1953. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, American Council Of Learned Societies employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Council Of Learned Societies 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 06/2020, American Council Of Learned Societies generated $37.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $37.0m during the year ending 06/2020. While expenses have increased by 6.4% 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.
Since 2015, American Council Of Learned Societies has awarded 1,115 individual grants totaling $125,021,885. 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
SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIPS AND STIPENDS ARE AWARDED BY THE COUNCIL TO POSTDOCTORAL SCHOLARS AND GRADUATE STUDENTS THROUGHOUT THE WORLD TO SUPPORT PROGRAMS OF RESEARCH AS WELL AS FOR EDUCATIONAL AND CULTURAL EXCHANGE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Connolly President | Officer | 40 | $516,265 |
Pauline Yu Former President - Emeritus | 0 | $413,387 | |
James Shulman Vice President & COO | Officer | 40 | $318,041 |
John Christy Director Of Public Programs | 40 | $190,338 | |
Mary Richter Chief Development Officer | 40 | $182,982 | |
Simon Guzman Director Of Finance | Officer | 40 | $166,570 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bmm Art & Computer Inc Computer Services | 6/29/21 | $265,723 |
Citadel Ny Inc Consulting | 6/29/21 | $157,029 |
Patterson Belknap Webb & Tyler Llp Legal Services | 6/29/21 | $335,137 |
Monticello Associates Inc Inv. Manager Fees | 6/29/21 | $125,000 |
Fedcap Rehabiliation Services Inc Rent | 6/29/21 | $119,949 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,660,307 |
| Investment income | $818,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $170,516 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,216,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,439,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,917,049 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,448,387 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,829,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,555,376 |
| Pension plan accruals and contributions | $294,637 |
| Other employee benefits | $705,437 |
| Payroll taxes | $256,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,989 |
| Fees for services: Accounting | $59,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $760,457 |
| Fees for services: Other | $833,625 |
| Advertising and promotion | $15,920 |
| Office expenses | $175,728 |
| Information technology | $771,443 |
| Royalties | $164,080 |
| Occupancy | $270,926 |
| Travel | $328,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $495,887 |
| Interest | $77,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,657 |
| Insurance | $62,753 |
| All other expenses | $0 |
| Total functional expenses | $37,024,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,624,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,977,268 |
| Accounts receivable, net | $475,256 |
| 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 | $5,883 |
| Investments—publicly traded securities | $68,833,829 |
| Investments—other securities | $98,393,738 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,575,071 |
| Accounts payable and accrued expenses | $485,943 |
| Grants payable | $18,249,770 |
| Deferred revenue | $49,984 |
| 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 | $2,076,385 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,917,631 |
| Total liabilities | $22,779,713 |
| 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 | $176,795,358 |
Grants Awarded
Over the last fiscal year, American Council Of Learned Societies has awarded $16,256,254 in support to 155 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: STIPENDS/FELLOWSHIPS | $901,000 |
Chicago, IL PURPOSE: STIPENDS/FELLOWSHIPS | $461,896 |
Los Angeles, CA PURPOSE: STIPENDS/FELLOWSHIPS | $385,000 |
Santa Barbara, CA PURPOSE: STIPENDS/FELLOWSHIPS | $363,323 |
Berkeley, CA PURPOSE: STIPENDS/FELLOWSHIPS | $359,400 |
Ann Arbor, MI PURPOSE: STIPENDS/FELLOWSHIPS | $344,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that American Council Of Learned Societies has recieved totaling $18,371,500.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT ONE ANNUAL CYCLE OF PROGRAM RENEWALS AT INSTITUTIONS HOSTING THE MELLON MAYS UNDERGRADUATE FELLOWSHIP: BARNARD, BOWDOIN, BROOKLYN, BRYN MAWR, CARLETON, CONNECTICUT, DARTMOUTH, GRINNELL, HAVERFORD, HUNTER, MACALESTER, OBERLIN, POMONA, QUEENS, SMITH, SWARTHMORE, WELLESLEY, WHITTIER, AND WILLIAMS COLLEGES; BROWN, COLUMBIA, CORNELL, DUKE, EMORY, HARVARD, HERITAGE, NORTHWESTERN, PRINCETON, RICE, STANFORD, WESLEYAN, AND YALE UNIVERSITIES; THE UNIVERSITIES OF CALIFORNIA AT BERKELEY, AT LOS ANGELES, AND AT RIVERSIDE; THE UNIVERSITIES OF CAPE TOWN, CHICAGO, NEW MEXICO, PENNSYLVANIA, PUERTO RICO AT RIO PIEDRAS, SOUTHERN CALIFORNIA, TEXAS AT AUSTIN, THE WESTERN CAPE, AND THE WITWATERSRAND; THE CALIFORNIA INSTITUTE OF TECHNOLOGY; CALIFORNIA STATE UNIVERSITY FOUNDATION; CITY COLLEGE OF NEW YORK; UNITED NEGRO COLLEGE FUND, INC.; AND WASHINGTON UNIVERSITY IN ST. LOUIS | $5,808,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR POSTDOCTORAL FELLOWSHIPS IN SOCIAL-JUSTICE-ORIENTED GOVERNMENT AND NONPROFIT AGENCIES FOR HUMANITIES PHDS | $3,650,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR DISSERTATION COMPLETION FELLOWSHIPS FOR GRADUATE STUDENTS IN SPECIFICALLY DESIGNATED FIELDS OF THE HUMANITIES AND SOCIAL SCIENCES | $2,600,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR A PROGRAM OF RESEARCH FELLOWSHIPS FOR COMMUNITY COLLEGE FACULTY IN THE HUMANITIES AND HUMANISTIC SOCIAL SCIENCES | $1,500,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT AN OPEN COMPETITION ADDRESSING SUSTAINABLE DIGITAL INFRASTRUCTURES FOR UNDERSTUDIED AND MARGINALIZED COLLECTIONS, ARCHIVES, AND RECENTLY DISCOVERED PRIMARY SOURCES | $1,200,000 |
Henry Luce Foundation Inc New York, NY PURPOSE: LUCE/ACLS PROGRAM IN CHINA STUDIES | $750,000 |
Endowment Analysis
| Beg. Balance | $134,066,224 |
| Earnings | $35,325,524 |
| Net Contributions | $18,363 |
| Other Expense | $1,893,949 |
| Grants | $5,902,000 |
| Ending Balance | $161,614,162 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Council Of Learned Societies New York, NY | $199,575,071 | $37,439,846 |
Advertising Research Foundation Inc New York, NY | $7,084,927 | $8,623,968 |
The International Coalition Of Historic Ite Museums Of Conscience New York, NY | $2,572,354 | $8,768,933 |
Theatre Communications Group Inc New York, NY | $7,458,021 | $6,461,267 |
The Broadway League Inc New York, NY | $17,394,373 | $2,874,492 |
American Symphony Orchestra League New York, NY | $11,789,942 | $6,931,089 |
Video Advertising Bureau Inc New York, NY | $5,863,677 | $6,614,761 |
Opera America Inc New York, NY | $21,495,082 | $5,690,929 |
American Institute Of Graphic Arts New York, NY | $6,026,446 | $3,684,558 |
American Numismatic Society New York, NY | $59,393,840 | $7,804,427 |
College Art Association Of America Inc New York, NY | $11,184,804 | $5,238,547 |
Authors Guild Inc New York, NY | $3,070,324 | $4,065,324 |