National Academy Of Sciences
- Assets
- $1.7b
- Revenue
- $311.7m
- Investments
- $569.3m
- Employees
- 1,336
- Location
- Washington, DC
- Founding
- 01/1925
- Data as of
- 12/2021
- EIN
- 53-0196932
Organization Overview
National Academy Of Sciences is located in Washington, DC. The organization was established in 1925. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2023, National Academy Of Sciences employed 1,336 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Academy Of 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, National Academy Of Sciences generated $311.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $286.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, National Academy Of Sciences has awarded 633 individual grants totaling $148,295,940. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL ACADEMY OF SCIENCES (NAS OR THE ACADEMY) IS DEDICATED TO THE FURTHERANCE OF SCIENCE AND ITS USE FOR THE GENERAL WELFARE.
Describe the Organization's Program Activity:
PERFORMANCE IN CONNECTION WITH CONTRACTS AND GRANTS WITH THE U.S. GOVERNMENT IN ACCORDANCE WITH THE NATIONAL ACADEMY OF SCIENCES' CONGRESSIONAL CHARTER.
STUDIES, PROJECTS AND OTHER SERVICES IN CONNECTION WITH PRIVATE GRANTS AND OTHER ARRANGEMENTS EXCLUSIVE OF WORK FUNDED BY THE U.S. GOVERNMENT.
ENDOWMENT AND TRUST ACTIVITIES REPRESENTING SCIENTIFIC PRIZES, AWARDS, AND SUPPORT OF RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Mcnutt President | OfficerTrustee | 37.5 | $1,011,756 |
Diane E Griffin Vice President | OfficerTrustee | 19 | $0 |
Susan R Wessler Home Secretary | OfficerTrustee | 19 | $0 |
John G Hildebrand International Secretary | OfficerTrustee | 19 | $0 |
William H Press Treasurer | OfficerTrustee | 19 | $0 |
Huda Akil Nas Council Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas A&m Transportation Institute Transportation Study | 12/30/22 | $3,027,412 |
Knowledgeworks Global Ltd Printing/fulfillment | 12/30/22 | $2,256,406 |
Price Waterhouse Coopers Consulting | 12/30/22 | $1,895,775 |
Complete Building Services Facilities Mgmt | 12/30/22 | $1,576,158 |
Cambridge Systematics Transportation Study | 12/30/22 | $1,466,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,908,391 |
| Fundraising events | $0 |
| Related organizations | $4,000,043 |
| Government grants | $174,525,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,853,723 |
| Noncash contributions included in lines 1a–1f | $491,801 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,287,760 |
| Total Program Service Revenue | $3,180,788 |
| Investment income | $10,629,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $970,418 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,182,718 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,420,253 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,720,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,799,517 |
| Grants and other assistance to domestic individuals. | $31,798,423 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,294,331 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,397,702 |
| Compensation of current officers, directors, key employees. | $5,397,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,698,248 |
| Pension plan accruals and contributions | $12,748,363 |
| Other employee benefits | $11,407,721 |
| Payroll taxes | $8,336,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $135,460 |
| Fees for services: Accounting | $573,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,650 |
| Fees for services: Investment Management | $3,712,268 |
| Fees for services: Other | $15,758,543 |
| Advertising and promotion | $352,769 |
| Office expenses | $1,839,296 |
| Information technology | $2,628,305 |
| Royalties | $0 |
| Occupancy | $5,113,781 |
| Travel | $1,251,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,014,651 |
| Interest | $2,592,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,604,315 |
| Insurance | $970,082 |
| All other expenses | $0 |
| Total functional expenses | $286,829,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,762,442 |
| Savings and temporary cash investments | $6,147,584 |
| Pledges and grants receivable | $21,551,989 |
| Accounts receivable, net | $57,097,869 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $490,891 |
| Prepaid expenses and deferred charges | $9,017,956 |
| Net Land, buildings, and equipment | $135,856,868 |
| Investments—publicly traded securities | $803,169,717 |
| Investments—other securities | $569,320,147 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,081,152 |
| Total assets | $1,716,496,615 |
| Accounts payable and accrued expenses | $35,323,615 |
| Grants payable | $0 |
| Deferred revenue | $73,958,305 |
| Tax-exempt bond liabilities | $144,473,379 |
| 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 | $29,422,291 |
| Total liabilities | $283,177,590 |
| Net assets without donor restrictions | $167,625,710 |
| Net assets with donor restrictions | $1,265,693,315 |
| 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 | $1,716,496,615 |
Grants Awarded
Over the last fiscal year, National Academy Of Sciences has awarded $31,042,481 in support to 108 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BUREAU OF SHIPPING PURPOSE: RESEARCH GRANT | $424,633 |
AUBURN UNIVERSITY PURPOSE: RESEARCH GRANT | $817,233 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: RESEARCH GRANT | $35,000 |
BIRMINGHAM-SOUTHERN COLLEGE PURPOSE: RESEARCH GRANT | $252,010 |
BHUTAN FOUNDATION PURPOSE: RESEARCH GRANT | $300,000 |
BOARD OF REGENTS U OF WISCONSIN SYSTEM PURPOSE: RESEARCH GRANT | $296,831 |