Institute For Operations Research And The Management Sciences

Organization Overview

Institute For Operations Research And The Management Sciences is located in Catonsville, MD. The organization was established in 1994. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, Institute For Operations Research And The Management Sciences employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Operations Research And The Management Sciences 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 12/2021, Institute For Operations Research And The Management Sciences generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $13.5m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE THE SCIENCE & PRACTICE OF OPERATIONS RESEARCH, ANALYTICS, AND MANAGEMENT SCIENCE.

Describe the Organization's Program Activity:

PUBLICATIONS - INFORMS PRODUCES SEVENTEEN SCIENTIFIC AND SCHOLARLY JOURNALS WHICH ARE PUBLISHED ON A MONTHLY, BI-MONTHLY, AND QUARTERLY BASIS THAT DESCRIBE THE LATEST OPERATIONS RESEARCH AND ANALYTICS METHODS AND APPLICATION, AND AN INDUSTRY AND MEMBERSHIP MAGAZINE WITH NEWS FROM ACROSS THE PROFESSION.


MEMBER PROGRAMS - MEMBERSHIP IN INFORMS PROVIDES MEMBERS MANY PERSONAL AND PROFESSIONAL CAREER ENHANCING RESOURCES. THE PROGRAMS INCLUDE INFORMS CONNECT, COMMUNITIES, PROFESSIONAL RECOGNITION, VOLUNTEER OPPORTUNITIES, INFORMS ONLINE AND CAREER RESOURCES.


CONFERENCES AND MEETINGS - INFORMS ARRANGES AN ANNUAL MEETING AND A MEETING FOR PRACTICING PROFESSIONALS TO GIVE THE MEMBERS THE OPPORTUNITY TO INTERACT WITH COLLEAGUES, PRESENT RESEARCH, AND LEARN THE LATEST METHODS AND TECHNOLOGIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Coe-truman International Llc
Abstract Meetings And Virtual Platform
$275,095
Wiley Rein Llp-dba Signal Group Consult
Consultant Services Advocacy
$300,000
Atypon Systems Inc
Hosting Informs Journals
$132,266
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $978,864
All other contributions, gifts, grants, and similar amounts not included above$525,339
Noncash contributions included in lines 1a–1f $291
Total Revenue from Contributions, Gifts, Grants & Similar$1,504,203
Total Program Service Revenue$9,755,458
Investment income $943,804
Tax Exempt Bond Proceeds $0
Royalties $282,712
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,129,214
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,117,457

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Institute For Operations Research And The Management Sciences has recieved totaling $14,500.

Awarding OrganizationAmount
Kleinmuntz Family Foundation

Chicago, IL

PURPOSE: PRIZE ENDOWMENT

$14,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,017,134
Earnings$154,784
Net Contributions$62,000
Other Expense$49,794
Ending Balance$1,184,124

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