Witherspoon Institute Inc
- Assets
- $11.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 34
- Location
- Princeton, NJ
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 55-0835528
Organization Overview
Witherspoon Institute Inc is located in Princeton, NJ. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Witherspoon Institute Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Witherspoon Institute Inc 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, Witherspoon Institute Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 0.5% 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.
Since 2015, Witherspoon Institute Inc has awarded 46 individual grants totaling $4,084,160. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH, EDUCATION, AND PUBLIC AWARENESS OF THE POLITICAL, MORAL AND PHILOSOPHICAL PRINCIPLES OF FREE AND DEMOCRATIC SOCIETIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARRIAGE AND FAMILY: THIS PROGRAM CONSISTS PRIMARILY OF THE ACTIVITIES OF CANAVOX, A MARRIAGE MOVEMENT FOUNDED BY MOTHERS TO PROVIDE THE INTELLECTUAL TOOLS TO HELP PEOPLE UNDERSTAND DEEP AND COMPLICATED ISSUES IN CONTEMPORARY DEBATES ABOUT HUMAN SEXUALITY. CANAVOX FACILITATES READING GROUPS FOR PROFESSIONALS, YOUNG ADULTS, COLLEGE STUDENTS, AND TEENAGERS THAT DISCUSS THESE ISSUES IN 39 STATES AND 34 COUNTRIES. CANAVOXS WEBSITE IS WWW.CANAVOX.COM.
ACADEMIC PROGRAMS: THESE PROGRAMS CONSIST OF SEMINARS AND ONE-ON-ONE MENTORING WITH PRINCETON UNIVERSITY STUDENTS AND WITH PROMISING STUDENTS IN HIGH SCHOOL, COLLEGE, AND GRADUATE SCHOOL AT OTHER INSTITUTIONS. THESE ACTIVITIES SEEK TO FORM YOUNG PEOPLE TO CHERISH PERSONAL VIRTUE AND RESPONSIBILITY AND THE PURSUIT OF TRUTH. IN 2023 WE CONTINUED TO EXPAND OUR PROGRAMS FOR HIGH SCHOOL STUDENTS.
OTHER PROGRAMS: THE WITHERSPOON INSTITUTE OCCASIONALLY PROVIDES ADVICE, GRANTS, OR OTHER SUPPORT FOR ORGANIZATIONS OR SCHOLARS WHOSE MISSIONS ARE VERY SIMILAR TO ITS OWN. THE INSTITUTE DOES NOT ACCEPT APPLICATIONS FOR SUCH SUPPORT. SUCH SUPPORT DEVELOPS OUT OF PREEXISTING RELATIONSHIPS THAT THE INSTITUTE MAY HAVE WITH SCHOLARS THROUGH THE INSTITUTES OWN PROGRAMMING. IN 2023 THE INSTITUTE PROVIDED SUCH ADVICE AND SUPPORT FOR PROGRAMS AT PRINCETON UNIVERSITY AND OTHER INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell J Snell Director Of Academic Programs | 40 | $225,556 | |
Kelly Hanlon Muncy Dir. Of Operations | 40 | $179,189 | |
Robert George Herbert W. Vaughan Senior Fellow | 40 | $203,953 | |
John Doherty Dir. Of Finance | Officer | 40 | $75,986 |
Luis Tellez President | OfficerTrustee | 40 | $60,000 |
Brian Mogck Secretary | OfficerTrustee | 1 | $0 |
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 | $2,385,288 |
| Noncash contributions included in lines 1a–1f | $14,119 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,385,288 |
| Total Program Service Revenue | $49,621 |
| Investment income | $269,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $94,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,798,695 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,500 |
| Grants and other assistance to domestic individuals. | $82,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $744,684 |
| Compensation of current officers, directors, key employees. | $120,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $511,633 |
| Pension plan accruals and contributions | $18,050 |
| Other employee benefits | $0 |
| Payroll taxes | $109,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,745 |
| Fees for services: Accounting | $33,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,773 |
| Fees for services: Other | $9,471 |
| Advertising and promotion | $0 |
| Office expenses | $51,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,500 |
| Travel | $28,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $372,563 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,564 |
| Insurance | $15,866 |
| All other expenses | $0 |
| Total functional expenses | $2,673,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,627 |
| Savings and temporary cash investments | $2,706,378 |
| Pledges and grants receivable | $760,611 |
| 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 | $29,739 |
| Net Land, buildings, and equipment | $1,468,721 |
| Investments—publicly traded securities | $6,517,071 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,884,147 |
| Accounts payable and accrued expenses | $143,108 |
| 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 | $143,108 |
| Net assets without donor restrictions | $10,461,572 |
| Net assets with donor restrictions | $1,279,467 |
| 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 | $11,884,147 |
Grants Awarded
Over the last fiscal year, Witherspoon Institute Inc has awarded $105,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AQUINAS INST FOR CATHOLICLIFE | | | $30,000 |
AMERICAN ACADEMY OF SCIENCES | | | $50,000 |
AUSTIN INST FAMILY & CULTURE | | | $25,000 |