Institute For Operations Research And The Management Sciences
- Assets
- $25.7m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 52
- Location
- Catonsville, MD
- Founding
- 11/1994
- Data as of
- 12/2023
- EIN
- 52-1898636
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 12/2023, Institute For Operations Research And The Management Sciences employed 52 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 12/2023, Institute For Operations Research And The Management Sciences generated $14.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $14.9m during the year ending 12/2023. While expenses have increased by 2.8% 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
TO ADVANCE THE SCIENCE & PRACTICE OF OPERATIONS RESEARCH, ANALYTICS, AND MANAGEMENT SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
INSTITUTE COMMITTEES AND PROGRAMS - VARIOUS COMMITTEES AND PROGRAMS DESIGNED TO FURTHER THE ORGANIZATION'S MISSION. SUBDIVISION PROGRAM - SUBDIVISIONS CONSIST OF SOCIETIES, FORA, SPECIAL INTEREST GROUPS, CHAPTERS, AND STUDENT CHAPTERS. THEY PROVIDE AN OPPORTUNITY FOR MEMBERS TO NETWORK WITH OTHERS IN THEIR REGIONAL AND TECHNICAL AREAS OF INTEREST. SUBDIVISIONS SPONSOR MEETINGS, WEB PAGES, NEWSLETTERS, WORKSHOPS, AND AWARDS AND CO-SPONSOR SELECT INFORMS JOURNALS.
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Albert President | OfficerTrustee | 6 | $0 |
Julie Swann President-Elect | OfficerTrustee | 6 | $0 |
Radhika Kulkarni Past President | OfficerTrustee | 6 | $0 |
Mark Lewis Secretary | OfficerTrustee | 6 | $0 |
Susan Martonosi Treasurer | OfficerTrustee | 6 | $0 |
Miguel Anjos Vp, International Activities | Trustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kelly Benefits Health Insurance | 12/30/23 | $563,594 |
Merritt Properties Llc Ofice Rent & Cam Charges | 12/30/23 | $495,184 |
Aventura Catering Catering Annual Meeting 2023 | 12/30/23 | $279,320 |
He Phoenix Llc Dba-hyatt Regency Phoen Hotel Rooms Annual Meeting 2023 | 12/30/23 | $245,372 |
White Legacy Prop-dba- Jw Marriott India Hotel Rooms Annual Meeting 2022 | 12/30/23 | $211,940 |
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 | $788,273 |
| Noncash contributions included in lines 1a–1f | $460 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $788,273 |
| Total Program Service Revenue | $13,040,417 |
| Investment income | $528,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $223,122 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$245,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,608,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $148,348 |
| Grants and other assistance to Foreign Orgs/Individuals | $48,697 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $581,929 |
| Compensation of current officers, directors, key employees. | $581,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,416,619 |
| Pension plan accruals and contributions | $298,775 |
| Other employee benefits | $453,427 |
| Payroll taxes | $316,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,651 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,000 |
| Fees for services: Investment Management | $43,764 |
| Fees for services: Other | $2,940,459 |
| Advertising and promotion | $173,099 |
| Office expenses | $883,892 |
| Information technology | $882,909 |
| Royalties | $0 |
| Occupancy | $585,492 |
| Travel | $317,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,948,712 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,174 |
| Insurance | $121,566 |
| All other expenses | $0 |
| Total functional expenses | $14,851,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,509,328 |
| Savings and temporary cash investments | $685,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,953 |
| 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 | $745,712 |
| Net Land, buildings, and equipment | $41,334 |
| Investments—publicly traded securities | $18,537,501 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,999,590 |
| Total assets | $25,725,358 |
| Accounts payable and accrued expenses | $1,015,031 |
| Grants payable | $0 |
| Deferred revenue | $4,455,347 |
| 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 | $2,245,179 |
| Total liabilities | $7,715,557 |
| Net assets without donor restrictions | $16,749,875 |
| Net assets with donor restrictions | $1,259,926 |
| 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 | $25,725,358 |