Institute For Advanced Study is located in Princeton, NJ. The organization was established in 1931. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 06/2021, Institute For Advanced Study employed 426 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Advanced Study 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 06/2021, Institute For Advanced Study generated $57.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $66.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 6 years. 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
PURSUIT OF ADVANCED LEARNING AND EXPLORATION IN FIELDS OF PURE SCIENCE. SEE SCHEDULE O.
Describe the Organization's Program Activity:
SCHOOL PROGRAMS:THE WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICAL STUDIES, MATHEMATICS, NATURAL SCIENCES AND SOCIAL SCIENCES. SEE SCHEDULE O FOR FURTHER DETAILS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Baumgartner Chief Invstmt Officer Until 11/2020 | 40 | $1,566,881 | |
Jeffrey Gatto Investment Director | 40 | $827,290 | |
Robbert Dijkgraaf Director / Trustee | Trustee | 40 | $694,977 |
Matias Zaldarriaga Natural Science Fac | 40 | $465,551 | |
James Stone Natural Science Fac | 40 | $446,021 | |
Elizabeth B Wood Ass Dir For Dev | Officer | 40 | $424,511 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ws Cumby Inc General Contractor | 6/29/21 | $1,023,033 |
Sweetwater Construction Corp General Contractor | 6/29/21 | $736,266 |
Continental Resources Inc Computer Equipment | 6/29/21 | $435,090 |
Albourne America Llc Consultant | 6/29/21 | $403,333 |
Kpmg Llp Accountant | 6/29/21 | $298,038 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $2,005,780 |
Related organizations | $0 |
Government grants | $4,733,371 |
All other contributions, gifts, grants, and similar amounts not included above | $44,164,386 |
Noncash contributions included in lines 1a–1f | $3,211,789 |
Total Revenue from Contributions, Gifts, Grants & Similar | $50,903,537 |
Total Program Service Revenue | $2,943,144 |
Investment income | -$6,895,609 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $11,231,766 |
Net Income from Fundraising Events | -$371,060 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $57,811,778 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $306,250 |
Grants and other assistance to domestic individuals. | $10,591,996 |
Grants and other assistance to Foreign Orgs/Individuals | $1,077,738 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,516,677 |
Compensation of current officers, directors, key employees. | $876,750 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $22,071,744 |
Pension plan accruals and contributions | $2,258,632 |
Other employee benefits | $3,891,895 |
Payroll taxes | $1,368,249 |
Fees for services: Management | $0 |
Fees for services: Legal | $283,063 |
Fees for services: Accounting | $305,038 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,640,397 |
Fees for services: Other | $1,534,834 |
Advertising and promotion | $0 |
Office expenses | $789,053 |
Information technology | $1,575,030 |
Royalties | $0 |
Occupancy | $2,535,225 |
Travel | $750,085 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $420,838 |
Interest | $2,843,384 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,814,771 |
Insurance | $408,171 |
All other expenses | $278,724 |
Total functional expenses | $66,260,782 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $41,968 |
Savings and temporary cash investments | $18,895,570 |
Pledges and grants receivable | $6,168,509 |
Accounts receivable, net | $1,889,517 |
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 | $1,081,516 |
Net Land, buildings, and equipment | $134,599,181 |
Investments—publicly traded securities | $236,767,527 |
Investments—other securities | $896,643,940 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,619,544 |
Total assets | $1,299,707,272 |
Accounts payable and accrued expenses | $11,737,370 |
Grants payable | $0 |
Deferred revenue | $10,023,764 |
Tax-exempt bond liabilities | $29,200,000 |
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 | $79,866,609 |
Total liabilities | $130,827,743 |
Net assets without donor restrictions | $472,933,096 |
Net assets with donor restrictions | $695,946,433 |
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 | $1,299,707,272 |
Over the last fiscal year, Institute For Advanced Study has awarded $300,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Berkeley, CA PURPOSE: VIRTUAL PROGRAM | $200,000 |
PRINCETON PUBLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $100,000 |
Over the last fiscal year, we have identified 1 grants that Institute For Advanced Study has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Whitman Family Foundation Birmingham, MI PURPOSE: IAS FUND AND ENDOWMENT CAMPAIGN | $10,000 |
Beg. Balance | $784,419,388 |
Earnings | $344,079,226 |
Net Contributions | $34,866,174 |
Other Expense | $38,021,135 |
Ending Balance | $1,125,343,653 |
Organization Name | Assets | Revenue |
---|---|---|
Institute For Advanced Study Princeton, NJ | $1,299,707,272 | $57,811,778 |
New Jersey Innovation Institute Inc Newark, NJ | $15,517,542 | $28,426,314 |
Advanced Robotics For Manufacturing Institute Pittsburgh, PA | $8,985,791 | $26,581,090 |
University City Science Center Philadelphia, PA | $110,800,620 | $66,305,846 |
Research Institute For Fragrance Materials Inc Woodcliff Lake, NJ | $12,937,991 | $12,251,592 |
Sustainable Manufacturing Innovation Alliance Corp West Henrietta, NY | $5,170,750 | $6,786,054 |
Iup Research Institute Indiana, PA | $2,848,522 | $4,793,628 |
Mccourt Institute New York, NY | $300,000 | $5,000,000 |
Mipi Alliance Inc Piscataway, NJ | $8,458,712 | $3,844,753 |
Apprise Incorporated Princeton, NJ | $1,727,085 | $2,791,632 |
Solution Mining Research Institute Inc Clarks Summit, PA | $954,697 | $900,501 |
Human Computation Institute Ithaca, NY | $12,843 | $184,979 |