Institute For Advanced Study
- Assets
- $1.3b
- Revenue
- $127.5m
- Investments
- $916.0m
- Employees
- 509
- Location
- Princeton, NJ
- Founding
- 05/1931
- Data as of
- 06/2022
- EIN
- 21-0634988
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 06/2022, Institute For Advanced Study employed 509 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 06/2022, Institute For Advanced Study generated $127.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $70.1m during the year ending 06/2022. 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
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: HISTORICALSTUDIES, MATHEMATICS, NATURAL SCIENCES AND SOCIAL SCIENCES. SEESCHEDULE O FOR FURTHER DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robbert Dijkgraaf Director / Trustee Until 1/2022 | Trustee | 40 | $726,935 |
David Nirenberg Director / Trustee From 2/2022 | Trustee | 40 | $0 |
Charles Simonyi Chairman | OfficerTrustee | 10 | $0 |
Nancy B Peretsman Vice Chairman | OfficerTrustee | 10 | $0 |
Neil A Chriss Treasurer | OfficerTrustee | 2 | $0 |
Nancy S Macmillan Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Redaptive Sustainability Services Llc Consultant | 6/29/22 | $957,781 |
Albourne America Llc Consultant | 6/29/22 | $440,000 |
Ws Cumby Inc General Contractor | 6/29/22 | $3,778,775 |
Kpmg Llp Accountant | 6/29/22 | $327,039 |
Stevens & Lee Attorney | 6/29/22 | $1,766,953 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,685,233 |
| Related organizations | $0 |
| Government grants | $4,857,877 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,870,612 |
| Noncash contributions included in lines 1a–1f | $10,292,569 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,413,722 |
| Total Program Service Revenue | $4,644,209 |
| Investment income | -$47,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,792,318 |
| Net Income from Fundraising Events | -$352,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,450,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,666 |
| Grants and other assistance to domestic individuals. | $13,483,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $97,470 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,120,771 |
| Compensation of current officers, directors, key employees. | $864,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,586,900 |
| Pension plan accruals and contributions | $1,796,356 |
| Other employee benefits | $1,949,756 |
| Payroll taxes | $1,303,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,282 |
| Fees for services: Accounting | $333,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,060,570 |
| Fees for services: Other | $1,568,463 |
| Advertising and promotion | $0 |
| Office expenses | $1,096,816 |
| Information technology | $4,721,432 |
| Royalties | $0 |
| Occupancy | $2,419,069 |
| Travel | $1,788,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,363,339 |
| Interest | $2,763,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,373,249 |
| Insurance | $464,041 |
| All other expenses | $444,329 |
| Total functional expenses | $70,114,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,726 |
| Savings and temporary cash investments | $15,043,390 |
| Pledges and grants receivable | $6,948,373 |
| Accounts receivable, net | $0 |
| 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 | $1,075,896 |
| Net Land, buildings, and equipment | $139,081,814 |
| Investments—publicly traded securities | $210,963,077 |
| Investments—other securities | $915,966,205 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,224,825 |
| Total assets | $1,292,353,306 |
| Accounts payable and accrued expenses | $18,206,105 |
| Grants payable | $0 |
| Deferred revenue | $11,746,164 |
| Tax-exempt bond liabilities | $26,800,000 |
| 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 | $67,983,921 |
| Total liabilities | $124,736,190 |
| Net assets without donor restrictions | $467,796,445 |
| Net assets with donor restrictions | $699,820,671 |
| 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 | $1,292,353,306 |
Grants Awarded
Over the last fiscal year, Institute For Advanced Study has awarded $300,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MATHEMATICAL SCIENCES RESEARCH INSTITUTE PURPOSE: VIRTUAL PROGRAM | $200,000 |
PRINCETON PUBLIC SCHOOLS PURPOSE: GENERAL SUPPORT | $100,000 |