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.
Form
990T
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elena A Gerstmann Executive Director | Officer | 40 | $291,452 |
Nagaraj M Reddi Director, It | 40 | $189,332 | |
Darda C Duncan Chief Financial Officer | Officer | 40 | $183,070 |
Jeffrey M Cohen Chief Strategy & Innovation Officer | 40 | $176,806 | |
Regina M Lloyd Chief Human Resources Officer | 40 | $154,638 | |
Mary T Magrogan Director, Recognition And Dvlpmnt | 40 | $141,777 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Coe-truman International Llc Abstract Meetings And Virtual Platform | 12/30/21 | $275,095 |
Wiley Rein Llp-dba Signal Group Consult Consultant Services Advocacy | 12/30/21 | $300,000 |
Atypon Systems Inc Hosting Informs Journals | 12/30/21 | $132,266 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
Grants and other assistance to domestic individuals. | $137,770 |
Grants and other assistance to Foreign Orgs/Individuals | $33,974 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $563,860 |
Compensation of current officers, directors, key employees. | $181,785 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,431,653 |
Pension plan accruals and contributions | $312,736 |
Other employee benefits | $875,113 |
Payroll taxes | $357,709 |
Fees for services: Management | $0 |
Fees for services: Legal | $45,964 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $50,746 |
Fees for services: Other | $2,777,606 |
Advertising and promotion | $191,496 |
Office expenses | $304,875 |
Information technology | $455,695 |
Royalties | $0 |
Occupancy | $1,282,102 |
Travel | $94,571 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,666,514 |
Interest | $7,442 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $26,075 |
Insurance | $87,731 |
All other expenses | $63,242 |
Total functional expenses | $13,508,566 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,044,942 |
Savings and temporary cash investments | $1,735,064 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $271,912 |
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 | $631,462 |
Net Land, buildings, and equipment | $52,596 |
Investments—publicly traded securities | $19,670,302 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $28,260 |
Total assets | $26,434,538 |
Accounts payable and accrued expenses | $863,699 |
Grants payable | $0 |
Deferred revenue | $4,469,052 |
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 | $944,942 |
Other liabilities | $311,284 |
Total liabilities | $6,588,977 |
Net assets without donor restrictions | $18,561,975 |
Net assets with donor restrictions | $1,283,586 |
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 | $26,434,538 |
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 Organization | Amount |
---|---|
Kleinmuntz Family Foundation Chicago, IL PURPOSE: PRIZE ENDOWMENT | $14,500 |
Beg. Balance | $1,017,134 |
Earnings | $154,784 |
Net Contributions | $62,000 |
Other Expense | $49,794 |
Ending Balance | $1,184,124 |
Organization Name | Assets | Revenue |
---|---|---|
Mercatus Center Inc Arlington, VA | $43,899,623 | $50,106,510 |
Atlas Economic Research Foundation Arlington, VA | $16,820,562 | $19,446,645 |
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
Economic Policy Institute Washington, DC | $19,510,723 | $16,459,436 |
Washington Center For Equitable Growth Inc Washington, DC | $11,979,868 | $8,578,592 |
The Economic Club Of Washington Dc Washington, DC | $12,647,182 | $5,525,813 |
Better Markets Inc Washington, DC | $2,865,112 | $2,225,155 |
Partnership For A New American Economy Research Fund Inc Washington, DC | $0 | $2,102,379 |
The Institute For Financial Markets Washington, DC | $6,341,875 | $527,039 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |
Maryland Center On Economic Policy Inc Baltimore, MD | $515,217 | $676,248 |
Delaware Council On Economic Education Inc Newark, DE | $543,588 | $236,911 |