Ithaka Harbors Inc
- Assets
- $306.2m
- Revenue
- $115.2m
- Investments
- $241.2m
- Employees
- 457
- Location
- New York, NY
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 13-3857105
Organization Overview
Ithaka Harbors Inc is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. As of 12/2022, Ithaka Harbors Inc employed 457 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ithaka Harbors 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 12/2022, Ithaka Harbors Inc generated $115.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $107.2m during the year ending 12/2022. While expenses have increased by 3.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE ACCESS TO KNOWLEDGE AND EDUCATION FOR PEOPLE AROUND THE WORLD.
Describe the Organization's Program Activity:
JSTOR - SEE SCHEDULE OJSTOR PROVIDES A PLATFORM FOR DISCOVERING AND CONNECTING RESEARCH, IMAGES, AND PRIMARY SOURCES. WE COLLABORATE WITH LIBRARIES, MUSEUMS, AND PUBLISHERS TO REDUCE COSTS, EXTEND ACCESS, AND PRESERVE SCHOLARSHIP FOR THE FUTURE. JSTOR INCLUDES CONTENT FROM OVER 2,000 ORGANIZATIONS AND SERVES 13,000+ UNIVERSITIES, SCHOOLS, AND INSTITUTIONS IN 176 NATIONS. IN ADDITION TO PROGRAM SERVICE REVENUE OF $87,979,803 REPORTED IN PART III, LINE 4A, ITHAKA RECEIVED GRANT REVENUE OF $660,531 ALLOCABLE TO JSTOR REPORTED ON PART VIII LINE 1F.
PORTICO - SEE SCHEDULE OPORTICO IS A COMMUNITY-SUPPORTED PRESERVATION ARCHIVE THAT SAFEGUARDS ACCESS TO E-JOURNALS, E-BOOKS, AND DIGITAL COLLECTIONS. OUR UNIQUE, TRUSTED PROCESS ENSURES THAT THE CONTENT WE PRESERVE WILL REMAIN ACCESSIBLE AND USABLE FOR RESEARCHERS, SCHOLARS, AND STUDENTS IN THE FUTURE. PORTICO INCLUDES: 100+ MILLION ITEMS; 32,000+ E-JOURNALS PRESERVED; 1.4+ MILLION E-BOOKS PRESERVED; 1,000+ PUBLISHERS AND 1,200+ PARTICIPATING LIBRARIES. IN ADDITION TO PROGRAM SERVICE REVENUE OF $6,120,153 REPORTED IN PART III, LINE 4B, ITHAKA RECEIVED GRANT REVENUE OF $98,976 ALLOCABLE TO PORTICO REPORTED ON PART VIII LINE 1F.
ITHAKA S+R - SEE SCHEDULE OITHAKA S+R PROVIDES COLLABORATIVE STRATEGIES AND RESEARCH FOR HIGHER EDUCATION AND THE ARTS. WE COLLABORATE WITH FOUNDATIONS, CONSORTIA, AND INDIVIDUAL INSTITUTIONS TO SEEK SOLUTIONS AND INFORM POLICIES IN A RAPIDLY CHANGING ENVIRONMENT. WE GENERATE ACTION-ORIENTED RESEARCH FOR INSTITUTIONAL DECISION-MAKING AND ACT AS A HUB TO PROMOTE AND GUIDE COLLABORATION ACROSS THE COMMUNITIES WE SERVE. WORKING WITH THESE CONSTITUENTS, WE DESIGN AND EVALUATE PROJECTS THAT MAKE HIGHER EDUCATION, SCHOLARLY COMMUNICATION, AND CULTURAL COLLECTIONS MORE ACCESSIBLE TO DIVERSE POPULATIONS. OUR EXTENSIVE, FREELY ACCESSIBLE LIBRARY INCLUDES 200+ RESEARCH REPORTS AND ISSUE BRIEFS, AND 500+ BLOG POSTS. IN ADDITION TO PROGRAM SERVICE REVENUE OF $2,804,833 REPORTED ABOVE, ITHAKA RECEIVED GRANT REVENUE OF $5,754,439 ALLOCABLE TO ITHAKA S+R REPORTED ON PART VIII LINES 1E AND 1F.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Rockenbach Trustee | Trustee | 2 | $2,500 |
Martha E Pollack Trustee | Trustee | 2 | $0 |
Dr Claudia V Schrader Trustee | Trustee | 2 | $5,000 |
Peter J Dougherty Trustee | Trustee | 2 | $5,000 |
Sylvester A Johnson Trustee | Trustee | 2 | $5,000 |
Curtis L Kendrick Trustee | Trustee | 2 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Productops Software Engineering | 12/30/22 | $575,000 |
E-it Professionals Corp Software Engineering | 12/30/22 | $554,202 |
Apex Covantage Llc External Content Management | 12/30/22 | $547,586 |
Indepth Strategies Llc Executive Consulting | 12/30/22 | $524,000 |
Ninestars Information Technologies External Content Management | 12/30/22 | $427,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,397,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,513,946 |
| Total Program Service Revenue | $96,904,789 |
| Investment income | $12,813,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$843,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,151,783 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,521,468 |
| Compensation of current officers, directors, key employees. | $220,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,279,842 |
| Pension plan accruals and contributions | $4,235,380 |
| Other employee benefits | $7,049,844 |
| Payroll taxes | $2,938,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $217,074 |
| Fees for services: Accounting | $142,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,717,167 |
| Advertising and promotion | $39,749 |
| Office expenses | $336,015 |
| Information technology | $9,497,335 |
| Royalties | $0 |
| Occupancy | $4,472,873 |
| Travel | $1,022,954 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $121,252 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,498,483 |
| Insurance | $353,193 |
| All other expenses | $780,249 |
| Total functional expenses | $107,198,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165 |
| Savings and temporary cash investments | $29,289,084 |
| Pledges and grants receivable | $4,689,560 |
| Accounts receivable, net | $3,918,330 |
| 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 | $3,854,349 |
| Net Land, buildings, and equipment | $1,819,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $241,200,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,423,897 |
| Total assets | $306,195,341 |
| Accounts payable and accrued expenses | $26,914,039 |
| Grants payable | $0 |
| Deferred revenue | $126,495,359 |
| 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 | $16,899,023 |
| Total liabilities | $170,308,421 |
| Net assets without donor restrictions | $128,017,451 |
| Net assets with donor restrictions | $7,869,469 |
| 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 | $306,195,341 |