Institute For Advanced Study

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ws Cumby Inc
General Contractor
$1,023,033
Sweetwater Construction Corp
General Contractor
$736,266
Continental Resources Inc
Computer Equipment
$435,090
Albourne America Llc
Consultant
$403,333
Kpmg Llp
Accountant
$298,038
View All Vendors

Financial Statements

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

Grants Awarded

Over the last fiscal year, Institute For Advanced Study has awarded $300,000 in support to 2 organizations.

Grant RecipientAmount

MATHEMATICAL SCIENCES RESEARCH INSTITUTE

Org PageRecipient Profile

Berkeley, CA

PURPOSE: VIRTUAL PROGRAM

$200,000

PRINCETON PUBLIC SCHOOLS

PURPOSE: GENERAL SUPPORT

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Institute For Advanced Study has recieved totaling $10,000.

Awarding OrganizationAmount
Whitman Family Foundation

Birmingham, MI

PURPOSE: IAS FUND AND ENDOWMENT CAMPAIGN

$10,000
View Grant Recipient Profile

Endowment Analysis

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

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