Institute For American Indian Studies
- Assets
- $3.0m
- Revenue
- $533.8k
- Investments
- $0.0
- Employees
- 22
- Location
- Washington, CT
- Founding
- 10/1971
- Data as of
- 12/2022
- EIN
- 23-7124597
Organization Overview
Institute For American Indian Studies is located in Washington, CT. The organization was established in 1971. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Institute For American Indian Studies employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For American Indian Studies 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 12/2022, Institute For American Indian Studies generated $533.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $743.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SHARE AND PROMOTE THE SPIRIT OF THE NORTHEAST'S FIRST PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE THE PUBLIC WITH AN UNDERSTANDING AND KNOWLEDGE OF AMERICAN INDIAN CULTURE THROUGH EDUCATIONAL PROGRAMS, MUSEUM EXHIBITS, AND ARCHAEOLOGICAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Rosato Chairwoman | OfficerTrustee | $0 | |
Loen Brown Vice-Chair | OfficerTrustee | $0 | |
Susan Payne Treasurer | OfficerTrustee | $0 | |
Craig Nelson Secretary | OfficerTrustee | $0 | |
Edmund Swigart III Board Member | Trustee | $0 | |
Jeanne Morningstar Kent Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,315 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,686 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,384 |
| Total Program Service Revenue | $192,845 |
| Investment income | $37,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,231 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,849 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,161 |
| Fees for services: Other | $8,923 |
| Advertising and promotion | $1,506 |
| Office expenses | $17,348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,612 |
| Travel | $6,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,393 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,438 |
| Insurance | $31,115 |
| All other expenses | $22,880 |
| Total functional expenses | $742,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $7,306 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $597,416 |
| Investments—publicly traded securities | $2,371,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,001,061 |
| Accounts payable and accrued expenses | $3,481 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $207,820 |
| Total liabilities | $211,301 |
| Net assets without donor restrictions | $1,355,272 |
| Net assets with donor restrictions | $1,434,488 |
| 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 | $3,001,061 |