Archaeological Institute Of America
- Assets
- $15.8m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 28
- Location
- Boston, MA
- Founding
- 07/1958
- Data as of
- 06/2020
- EIN
- 13-5669180
Organization Overview
Archaeological Institute Of America is located in Boston, MA. The organization was established in 1958. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Archaeological Institute Of America employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Archaeological Institute Of America 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, Archaeological Institute Of America generated $9.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $6.4m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Archaeological Institute Of America has awarded 54 individual grants totaling $858,069. 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
THE INSTITUTE IS DEDICATED TO THE GREATER UNDERSTANDING OF THE RECORD OF THE HUMAN PAST, TO THE PROTECTION AND PRESERVATION OF THE WORLD'S ARCHAEOLOGICAL RESOURCES AND THE INFORMATION THEY CONTAIN, AND TO THE ENCOURAGEMENT AND SUPPORT OF ARCHAEOLOGICAL RESEARCH AND PUBLICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARCHAEOLOGY MAGAZINE:OUR GREATEST OUTREACH TOOL IS OUR AWARD-WINNING POPULAR MAGAZINE WHICH ENTERED ITS SEVENTH DECADE OF PUBLICATION COMMITTED TO BRINGING THE EXCITEMENT OF ARCHAEOLOGICAL DISCOVERY TO A POPULAR AUDIENCE. FILLED WITH INCISIVE ARTICLES, COLORFUL GRAPHICS, AND STUNNING PHOTOS, EACH OF ARCHAEOLOGY'S BIMONTHLY ISSUES IS ENJOYED BY NEARLY 700,000 READERS WORLDWIDE.
PROFESSIONAL SERVICES:A KEY COMPONENT OF THE AIA'S MISSION IS SUPPORTING AND PROMOTING ARCHAEOLOGICAL RESEARCH AND ITS DISSEMINATION. TO THAT END, THE AIA OFFERS A VARIETY OF SCHOLARSHIPS, FELLOWSHIPS, AND GRANTS FOR EXCAVATION, RESEARCH, AND SCHOLARLY PUBLICATION. EACH YEAR, THE INSTITUTE ALSO PRESENTS AWARDS TO ARCHAEOLOGISTS, EDUCATORS, AUTHORS, AND OTHERS WHOSE WORK HAS HAD A POSITIVE IMPACT ON THE FIELD OF ARCHAEOLOGY. IN ADDITION, THE AIA CREATED AND MAINTAINS THE ARCHAEOLOGICAL FIELDWORK OPPORTUNITIES BULLETIN (AFOB) TO ASSIST ARCHAEOLOGISTS LOCATE FIELD PROJECTS.
AMERICAN JOURNAL OF ARCHAEOLOGY:THE AMERICAN JOURNAL OF ARCHAEOLOGY IS ONE OF THE WORLD'S MOST DISTINGUISHED AND WIDELY DISTRIBUTED ARCHAEOLOGICAL JOURNALS. IT WAS FOUNDED IN 1885 AND IS A LEADER IN GROUND-BREAKING ARTICLES ON ARCHAEOLOGY AND THOUGHTFUL BOOK AND MUSEUM EXHIBITION REVIEWS. CIRCULATION OF THE AJA REACHES MORE THAN 50 COUNTRIES AND ALMOST 1,000 UNIVERSITIES, LEARNED SOCIETIES, DEPARTMENTS OF ANTIQUITIES, AND MUSEUMS.
SOCIETIES AND NATIONAL LECTURE PROGRAM: THE NATIONAL LECTURE PROGRAM OPERATED AT A REDUCED CAPACITY IN FY2021 DUE TO THE COVID-19 EPIDEMIC. AIA HEADQUARTERS SPONSORS NATIONAL LECTURES ANNUALLY FOR EACH SOCIETY. BUT THE HEART OF EVERY AIA SOCIETY IS THE LOCALLY PLANNED PROGRAMS' FIELD TRIPS, LOCAL TOURS, SYMPOSIA, FILM FESTIVALS, AND STUDY GROUPS-AS WELL AS ADDITIONAL LECTURES ORGANIZED INDEPENDENTLY BY EACH SOCIETY. SOCIETY MEMBERS ENJOY A FULL PROGRAM OF ACTIVITIES THROUGHOUT THE YEAR THAT SERVE TO FOSTER AND ENHANCE THEIR INTEREST IN ARCHAEOLOGY. OUR MOST POPULAR EDUCATIONAL ACTIVITY, THE NATIONAL LECTURE PROGRAM CONNECTS PRACTICING ARCHAEOLOGISTS WITH NEARLY 20,000 PEOPLE EACH YEAR FOR STIMULATING ONE-ON-ONE DISCUSSION.SITE PRESERVATION: THE INSTITUTE'S SITE PRESERVATION FUND AWARDS GRANTS TO AIA MEMBER-SPONSORED APPLICANTS TO ASSIST WITH REPAIRS, DOCUMENT ENDANGERED SITES, ENHANCE VISITORS' UNDERSTANDING, AND/OR HELP ENSURE THE SAFETY AND SECURITY OF THE SITE. OUR PROGRAM FOCUSES ON GRANT GIVING, RECOGNITION AND DISSEMINATION OF BEST PRACTICES, ADVOCACY, AND PUBLIC OUTREACH.ANNUAL MEETING: IN JANUARY, THOUSANDS OF ARCHAEOLOGISTS, PHILOLOGISTS, STUDENTS, ARCHAEOLOGY ENTHUSIASTS, AND ARCHAEOLOGY MAGAZINE SUBSCRIBERS FROM THE US, CANADA, AND 35 OTHER COUNTRIES GATHER TO PARTICIPATE IN THE AIA-SCS JOINT ANNUAL MEETING. DUE TO THE COVID-19 PANDEMIC, THE 2021 AIA-SCS JOINT ANNUAL MEETING WAS A VIRTUAL EVENT. THE MEETING WAS HELD OVER SIX DAYS IN THE FIRST WEEK OF JANUARY. THE PROGRAM FEATURES ACADEMIC SESSIONS THAT PRESENT THE LATEST RESEARCH FROM THE FIELD, WORKSHOPS, INNOVATIVE SITE PRESERVATION STRATEGIES, AND THE LATEST DISCOVERIES; AND PRESIDENTIAL PLENARY SESSIONS ORGANIZED BY AIA AND SCS LEADERSHIP. IN ADDITION TO THE ACADEMIC SESSIONS AND WORKSHOPS, THE MEETING HOSTS PROFESSIONAL DEVELOPMENT SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Quinlan Chief Operating Officer | OfficerTrustee | 40 | $183,342 |
Rebecca W King Executive Director | OfficerTrustee | 40 | $132,250 |
Jarrett Lobell Editor In Chief, Archaeology | Trustee | 40 | $112,655 |
Lorrelle Hrul Chief Financial Officer | Officer | 40 | $101,411 |
Jane Carter Editor In Chief, Aja | Trustee | 20 | $42,500 |
David Seigle Treasurer (to Jan 2021) | OfficerTrustee | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qg Printing Magazine Printing | 6/29/21 | $630,119 |
Darwin Cx Llc Subscription Fullfillment Services | 6/29/21 | $592,197 |
Fidelis Direct Mail Printing | 6/29/21 | $489,947 |
Firebird Presort Media Services | 6/29/21 | $282,813 |
Nps Media Group Circulation Consultant & List Rental | 6/29/21 | $177,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,982,022 |
| Investment income | $286,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,708,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,516,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $220,211 |
| Grants and other assistance to Foreign Orgs/Individuals | $41,982 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $453,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,295,692 |
| Pension plan accruals and contributions | $59,717 |
| Other employee benefits | $138,212 |
| Payroll taxes | $118,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,747 |
| Fees for services: Other | $566,340 |
| Advertising and promotion | $789,139 |
| Office expenses | $125,241 |
| Information technology | $131,613 |
| Royalties | $0 |
| Occupancy | $144,058 |
| Travel | $180,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,483 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,025 |
| Insurance | $25,866 |
| All other expenses | $0 |
| Total functional expenses | $6,399,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $74,074 |
| Accounts receivable, net | $199,164 |
| 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 | $1,204,043 |
| Investments—publicly traded securities | $13,347,758 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,760,718 |
| Accounts payable and accrued expenses | $750,449 |
| Grants payable | $0 |
| Deferred revenue | $3,349,346 |
| 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 | $359,957 |
| Other liabilities | $0 |
| Total liabilities | $4,459,752 |
| 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 | $11,300,966 |
Grants Awarded
Over the last fiscal year, Archaeological Institute Of America has awarded $220,087 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: PRESERVATION/EXCAVATION GRANT | $40,763 |
Evanston, IL PURPOSE: PRESERVATION/EXCAVATION GRANT | $40,000 |
CURATORS OF THE UNIV OF MISSOURI PURPOSE: PRESERVATION/EXCAVATION GRANT | $38,037 |
UNIVERSITY OF NORTH CAROLINA CHARLOTTE PURPOSE: PRESERVATION/EXCAVATION GRANT | $31,200 |
Ann Arbor, MI PURPOSE: PRESERVATION/EXCAVATION GRANT | $15,000 |
Albany, NY PURPOSE: PRESERVATION/EXCAVATION GRANT | $14,936 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Archaeological Institute Of America has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
James And Cleo Hamilton Family Charitable Trust Detroit, MI PURPOSE: GENERAL | $50 |
Endowment Analysis
| Beg. Balance | $12,617,958 |
| Earnings | $3,342,463 |
| Admin Expense | $491,453 |
| Net Contributions | $886,413 |
| Ending Balance | $16,355,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Modern Language Association Of America New York, NY | $26,742,104 | $16,207,433 |
New Hampshire Institute of Art Manchester, NH | $0 | $13,685,136 |
Pen American Center Inc New York, NY | $36,781,487 | $29,059,092 |
Commercial Real Estate Finance Council Inc New York, NY | $15,641,619 | $8,091,268 |
Archaeological Institute Of America Boston, MA | $15,760,718 | $9,516,750 |
Academy Of American Poets Incorporated New York, NY | $16,980,319 | $4,039,105 |
Grub Street Inc Boston, MA | $11,789,751 | $6,194,111 |
Center For Inquiry Inc Amherst, NY | $8,104,198 | $5,991,557 |
National Book Foundation Inc New York, NY | $4,696,616 | $3,836,375 |
Connecticut Humanities Council Middletown, CT | $1,530,926 | $3,295,528 |
New York Council For The Humanities New York, NY | $2,496,894 | $3,586,085 |
Institute On Religion And Public Life New York, NY | $2,017,978 | $3,465,184 |