Econometric Society Inc
- Assets
- $6.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New Haven, CT
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 32-0402835
Organization Overview
Econometric Society Inc is located in New Haven, CT. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Econometric Society Inc 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 12/2023, Econometric Society Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC RESEARCH & IMPLEMENT SOLUTIONS TO ADDRESS IMPORTANT ECONOMIC ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF SCHOLARLY JOURNALS, ECONOMETRICA, QUANTITATIVE ECONOMICS, AND THEORETICAL ECONOMICS; PUBLICATION OF A MONOGRAPH SERIES; ORGANIZATION OF SCIENTIFIC MEETINGS IN SIX REGIONS OF THE WORLD; AND CONDUCTING ELECTIONS FOR FELLOWS OF THE ECONOMETRIC SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pinelopi Koujianou-Goldberg End 122 Past President | OfficerTrustee | 0.5 | $0 |
Enrique Sentana End 122023 Executive Vice President | OfficerTrustee | 0.5 | $0 |
Michael Keane End 122023 Trustee | Trustee | 0.5 | $0 |
Guido Tabellini Past President | OfficerTrustee | 0.5 | $0 |
Guido Imbens Trustee/editor | Trustee | 0.5 | $72,000 |
Rosa Matzkin President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,435,810 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,435,810 |
| Total Program Service Revenue | $1,134,989 |
| Investment income | $169,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,936 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,765,365 |
| 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. | $304,000 |
| Compensation of current officers, directors, key employees. | $152,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $85,657 |
| Information technology | $42,967 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $81,225 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,139 |
| Insurance | $0 |
| All other expenses | $844 |
| Total functional expenses | $2,337,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $634,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $194,186 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,176 |
| Prepaid expenses and deferred charges | $61,619 |
| Net Land, buildings, and equipment | $60,103 |
| Investments—publicly traded securities | $5,672,895 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,633,203 |
| Accounts payable and accrued expenses | $347,480 |
| Grants payable | $0 |
| Deferred revenue | $623,486 |
| 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 | $0 |
| Total liabilities | $970,966 |
| Net assets without donor restrictions | $5,658,662 |
| Net assets with donor restrictions | $3,575 |
| 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 | $6,633,203 |