Abigail Adams Institute Inc
- Assets
- $6.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Cambridge, MA
- Founding
- 04/2015
- Data as of
- 06/2024
- EIN
- 47-1495965
Organization Overview
Abigail Adams Institute Inc is located in Cambridge, MA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2024, Abigail Adams Institute Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abigail Adams Institute 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 06/2024, Abigail Adams Institute Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $3.4m during the year ending 06/2024. While expenses have increased by 25.7% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SCHOLARSHIP, INSTRUCTION AND DEBATE CONCERNING THE INTERRELATIONSHIP OF SPECIALIZED ACADEMIC DISCIPLINES AND THEIR IMPLICATIONS FOR SELF-UNDERSTANDING AND THE COMMON GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUE ORGANIZES SEMINARS AND CONFERENCES, FUNDS SCHOLARLY RESEARCH, PROVIDES RESOURCES FOR STUDENT ORGANIZATIONS, AND CONVENES A VARIETY OF COLLOQUIA.
THE PROGRAM ON HUMAN DIGNITY SERVES AS THE HUB FOR THE CREATIVE WORK LED BY DR. ARTHUR C. BROOKS, WHICH CONSISTS OF RESEARCH , PODCASTS, POPULAR COLUMNS AND OTHER MEDIA VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danilo Petranovich President | Officer | 40 | $177,308 |
Thalia Considine Trustee | Trustee | 1 | $0 |
Mike Marcucci Trustee | Trustee | 1 | $0 |
David Bednar Trustee | Trustee | 1 | $0 |
Manuel Lopez Trustee | Trustee | 1 | $0 |
William English Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Phillips Public Relations Public Relations, Promotion | 6/29/22 | $148,418 |
Acb Ideas Llc Programming | 6/29/22 | $329,904 |
Perdono Llc Administrative Services | 6/29/22 | $153,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,255,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,255,782 |
| Total Program Service Revenue | $111,315 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,128,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,500 |
| Grants and other assistance to domestic individuals. | $289,275 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,308 |
| Compensation of current officers, directors, key employees. | $24,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,074 |
| Payroll taxes | $24,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,341 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,052 |
| Advertising and promotion | $2,628 |
| Office expenses | $14,310 |
| Information technology | $14,789 |
| Royalties | $0 |
| Occupancy | $59,429 |
| Travel | $32,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,370 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,079 |
| All other expenses | $6,451 |
| Total functional expenses | $3,411,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,839,801 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $335,791 |
| 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 | $18,603 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,194,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,867 |
| Total assets | $6,511,993 |
| Accounts payable and accrued expenses | $101,454 |
| 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 | $120,409 |
| Total liabilities | $221,863 |
| Net assets without donor restrictions | $981,314 |
| Net assets with donor restrictions | $5,308,816 |
| 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 | $6,511,993 |