In Medias Res
- Assets
- $6.0m
- Revenue
- $6.5m
- Investments
- $1.1m
- Employees
- 24
- Location
- Charlottesville, VA
- Founding
- 10/1995
- Data as of
- 06/2023
- EIN
- 54-1759732
Organization Overview
In Medias Res, operating under the name Advanced Studies In Culture Fnd, is located in Charlottesville, VA. The organization was established in 1995. As of 06/2023, Advanced Studies In Culture Fnd employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Studies In Culture Fnd 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 06/2023, Advanced Studies In Culture Fnd generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 7.2% per year over the past 8 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
EDUCATE THE PUBLIC AND VITAL LEADERSHIP GROUPS IN SOCIETY ABOUT THE NATURE AND CHALLENGES OF POSTMODERN CULTURE AND TO CONDUCT BASIC RESEARCH INTO A HUMANE AND DEMOCRATIC RESPONSE TO THESE CHALLENGES. THE FOUNDATION SUPPORTS THE WORK OF THE INSTITUTE FOR ADVANCED STUDIES IN CULTURE AT THE UNIVERSITY OF VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT FINANCIAL SUPPORT FOR THE INSTITUTE FOR ADVANCED STUDIES IN CULTURE AT THE UNIVERSITY OF VIRGINA.
COORDINATION OF COLLOQUIA, CONFERENCES, AND SEMINARS. PROVIDE BASIC RESEARCH ACTIVITIES ON THE NATURE, CONTOURS, AND CHALLENGES OF CONTEMPORARY SOCIETY. ALSO, PROVIDE EDITORIAL, CONSULTING, AND ADMINISTRATIVE SERVICES FOR WRITERS CONDUCTING RESEARCH ON THE NATURE, CONTOURS, AND CHALLENGES OF CONTEMPORARY SOCIETY.
BASIC RESEARCH ACTIVITIES TO PROVIDE EDUCATION AND FORMATION OF SCHOLARS THROUGH A FELLOWSHIP AND SCHOLARSHIP PROGRAM THAT STRIVES TO TRAIN, MENTOR, CREDENTIAL, AND PLACE A GENERATION OF SCHOLARS IN COLLEGES, UNIVERSITIES, FOUNDATIONS, AND THINK TANKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ty Buckman COO | Officer | 40 | $244,800 |
Dr Ryan Olson President | OfficerTrustee | 30 | $155,784 |
Dr Gerard Robinson Secretary (partial Year) | Officer | 30 | $127,403 |
Mrs Elizabeth Clark Employee | 40 | $123,537 | |
Mr Carl Bowman Employee | 40 | $104,108 | |
Mr James Seneff Jr Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edwards And Creson Llc Provide Fundraising Training And Consult | 6/29/21 | $144,000 |
Gallup Inc Survey/research | 6/29/21 | $195,000 |
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 | $6,476,910 |
| Noncash contributions included in lines 1a–1f | $15,538 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,476,910 |
| Total Program Service Revenue | $0 |
| Investment income | $22,396 |
| 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 | $6,501,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,563 |
| Grants and other assistance to domestic individuals. | $107,683 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $432,842 |
| Compensation of current officers, directors, key employees. | $179,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $767,982 |
| Pension plan accruals and contributions | $9,516 |
| Other employee benefits | $69,528 |
| Payroll taxes | $37,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,208 |
| Fees for services: Accounting | $95,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,633 |
| Advertising and promotion | $0 |
| Office expenses | $82,581 |
| Information technology | $54,465 |
| Royalties | $0 |
| Occupancy | $79,746 |
| Travel | $83,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,537 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,395,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,047,826 |
| Savings and temporary cash investments | $1,296,407 |
| Pledges and grants receivable | $1,012,989 |
| 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 | $10,163 |
| Net Land, buildings, and equipment | $76,032 |
| Investments—publicly traded securities | $53,880 |
| Investments—other securities | $1,125,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $347,570 |
| Total assets | $5,969,867 |
| Accounts payable and accrued expenses | $66,959 |
| 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 | $0 |
| Total liabilities | $66,959 |
| Net assets without donor restrictions | $1,546,717 |
| Net assets with donor restrictions | $4,356,191 |
| 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 | $5,969,867 |
Grants Awarded
Over the last fiscal year, In Medias Res has awarded $160,563 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE IMR SUPPORT FOUNDATION PURPOSE: TO SUPPORT THE GOALS OF IN MEDIAS RES | $40,000 |
UNIVERSITY OF VIRGINIA - INSTITUTE FOR ADVANCED STUDIES IN CULTURE PURPOSE: TO AID AND ASSIST UVA'S INSTITUTE FOR ADVANCED STUDIES IN CULTURE | $120,563 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Association Of Free And Charitable Clinics Inc Richmond, VA | $3,351,658 | $7,807,415 |
University Professional & Continuing Education Association Washington, DC | $3,743,573 | $3,546,848 |
Accrediting Council For Continuing Education & Training Inc Washington, DC | $4,631,587 | $2,777,805 |
In Medias Res Charlottesville, VA | $5,969,867 | $6,501,065 |
Story District Inc Washington, DC | $314,976 | $447,584 |
Musicians United To Serve The Youth Of Charlottesville Charlottesville, VA | $815,088 | $310,096 |
Highlands-Cashiers Center For Life Enrichment Inc Highlands, NC | $305,639 | $415,128 |
Association For Music And Imagery Inc Arlington, VA | $107,782 | $0 |
Powhatan High School Band Boosters Powhatan, VA | $59,542 | $0 |
National Black Mba Association Raleigh Durham Chapter Morrisville, NC | $30,467 | $0 |