Ithaka Harbors Inc
- Assets
- $329.7m
- Revenue
- $122.8m
- Investments
- $279.0m
- Employees
- 431
- Location
- New York, NY
- Founding
- 01/1996
- Data as of
- 12/2021
- 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 12/2021, Ithaka Harbors Inc employed 431 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 12/2021, Ithaka Harbors Inc generated $122.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $101.2m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 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
TO IMPROVE ACCESS TO KNOWLEDGE AND EDUCATION FOR PEOPLE AROUND THE WORLD.
Describe the Organization's Program Activity:
JSTOR - SEE SCHEDULE O
PORTICO - SEE SCHEDULE O
ITHAKA S+R - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Guthrie Trustee & President | OfficerTrustee | 40 | $574,642 |
Rebecca Seger Vp, Institutional Participation | Officer | 40 | $378,468 |
Nancy Kopans Vp, General Counsel & Secretary | Officer | 40 | $330,582 |
Catharine Bond Hill Managing Director, Ithaka S+r | Officer | 40 | $324,968 |
Robert Heterick Sr Vp, Open Collections | Officer | 40 | $312,157 |
Matt Macqueen Vp, Product & Design | Officer | 40 | $299,930 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Indepth Strategies Llc Executive Consulting | 12/30/21 | $480,000 |
Ninestars Information Technologies External Content Management | 12/30/21 | $375,000 |
Apex Covantage Llc External Content Management | 12/30/21 | $356,904 |
E-it Professionals Corp Software Engineering | 12/30/21 | $276,220 |
Innodata Inc Software Engineering | 12/30/21 | $254,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,411,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,510,666 |
| Total Program Service Revenue | $98,741,791 |
| Investment income | $14,530,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,168,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,785,601 |
| 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. | $4,547,428 |
| Compensation of current officers, directors, key employees. | $407,876 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,134,319 |
| Pension plan accruals and contributions | $3,531,559 |
| Other employee benefits | $6,728,449 |
| Payroll taxes | $2,767,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,294 |
| Fees for services: Accounting | $105,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,860,544 |
| Advertising and promotion | $5,994 |
| Office expenses | $86,737 |
| Information technology | $8,748,896 |
| Royalties | $0 |
| Occupancy | $4,265,019 |
| Travel | $184,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,360 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,012,477 |
| Insurance | $286,364 |
| All other expenses | $1,112,322 |
| Total functional expenses | $101,173,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165 |
| Savings and temporary cash investments | $26,314,123 |
| Pledges and grants receivable | $2,663,198 |
| Accounts receivable, net | $7,086,122 |
| 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 | $3,719,487 |
| Net Land, buildings, and equipment | $2,389,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $279,047,613 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,513,554 |
| Total assets | $329,733,736 |
| Accounts payable and accrued expenses | $27,390,299 |
| Grants payable | $0 |
| Deferred revenue | $113,022,942 |
| 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 | $641,652 |
| Total liabilities | $141,054,893 |
| Net assets without donor restrictions | $183,930,545 |
| Net assets with donor restrictions | $4,748,298 |
| 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 | $329,733,736 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Ithaka Harbors Inc has recieved totaling $3,948,615.
| Awarding Organization | Amount |
|---|---|
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR EFFORTS TO MAKE JSTOR AVAILABLE TO ALL HIGHER EDUCATION IN PRISON PROGRAMS NOW OPERATING IN THE UNITED STATES | $750,000 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO CONTINUE SUPPORT FOR EFFORTS TO MAKE JSTOR AVAILABLE TO ALL HIGHER EDUCATION IN PRISON PROGRAMS NOW OPERATING IN THE UNITED STATES | $750,000 |
The Aspen Institute Inc Washington, DC PURPOSE: COLLABORATION IN THE AMERICAN TALENT INITIATIVE | $741,000 |
Ascendium Education Solutions Inc Madison, WI PURPOSE: Horizons: JFF National Summit 5/7/2021 - 6/16/2021 Understanding Educational Space Needs in Prisons " | $600,502 |
Andrew W Mellon Foundation New York, NY PURPOSE: TO SUPPORT THE DIGITIZATION OF PRISON NEWSPAPERS AND BROADEN THEIR DISCOVERY AND ACCESS | $500,000 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO SUPPORT EXPLORATIONS BY SCHOLARLY SOCIETIES OF NEW APPROACHES TO ACADEMIC GATHERINGS | $149,934 |
Endowment Analysis
| Beg. Balance | $54,113,121 |
| Earnings | -$1,548,985 |
| Ending Balance | $52,564,136 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ithaka Harbors Inc New York, NY | $329,733,736 | $122,785,601 |
Global Poverty Project Inc New York, NY | $26,229,156 | $91,596,868 |
American Academy Of Arts And Sciences Cambridge, MA | $98,109,829 | $16,451,568 |
Thomas A Russo Foundation Garnet Valley, PA | $0 | -$193,546 |
Passages Inc Clarion, PA | $267,142 | $487,812 |
Dame Jillian & Dr Arthur M Sackler Fdn For The Arts Scs & Humanities New York, NY | $4,071,845 | $327,000 |
International Academy Of Arts & Sci Upper Saddle River, NJ | $0 | $217,105 |
Universal Enlightenment Forum Inc New York, NY | $1,253,539 | $1,050,756 |
Joseph F Meade Memorial Science Fund Hammondsport, NY | $238,774 | $19,440 |
Gilchrist Institute For The Achievement Sciences Ltd Bronxville, NY | $101,013 | $12,644 |
Association For The Study Of Persianate Societies Inc Boston, MA | $91,587 | $0 |
Institute Of Traditional Science Inc Cambridge, MA | $180,180 | $8,154 |