Aip Foundation is located in College Park, MD. The organization was established in 2019. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aip Foundation 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, Aip Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 74.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 65.9% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AIP FOUNDATION IS ORGANIZED AND OPERATES EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRS CODE 1986.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIP FOUNDATION SOLICITS DONATIONS TO SUPPORT THE AMERICAN INSTITUTE OF PHYSICS PROGRAM AREAS RELATED TO THE NIELS BOHR LIBRARY & ARCHIVES, THE CENTER FOR THE HISTORY OF PHYSICS, SOCIETY OF PHYSICS STUDENTS, SIGMA PI SIGMA, DIVERSITY EQUITY AND INCLUSION INITIATIVES AS WELL AS DONATIONS TO THE UNRESTRICTED FUND. SOCIETY OF PHYSICS STUDENTS AND SIGMA PI SIGMA THE SOCIETY OF PHYSICS STUDENTS (SPS) IS A SCIENTIFIC SOCIETY FOR PHYSICS AND ASTRONOMY UNDERGRADUATES AND THEIR MENTORS, WITH MORE THAN 4,600 MEMBERS AND 845 SPS CHAPTERS NATIONWIDE AND 34 INTERNATIONAL CHAPTERS. SPS EXISTS TO SUPPORT UNDERGRADUATE STUDENTS WITH AN INTEREST IN PHYSICS, PHYSICS AND ASTRONOMY DEPARTMENTS, AND THE BROADER COMMUNITY. SIGMA PI SIGMA, THE PHYSICS HONOR SOCIETY, RECOGNIZES OUTSTANDING SCHOLARS IN PHYSICS, ENCOURAGES INTEREST IN THE FIELD, AND PROMOTES AN ATTITUDE OF SERVICE AMONG ITS OVER 76,000 MEMBERS AND 584 CHAPTERS TOWARDS THE ENTIRE PHYSICS COMMUNITY AND THE PUBLIC. A PRIMARY MISSION OF SIGMA PI SIGMA IS TO SUPPORT PHYSICISTS, UNDERGRADUATE DEPARTMENTS, AND ALUMNI BY IMPROVING DEPARTMENT HEALTH. THE SOCIETY OF PHYSICS STUDENTS AND SIGMA PI SIGMA PROVIDE ENRICHING EXPERIENCES FOR STUDENTS INTERESTED IN THE PHYSICAL SCIENCES THROUGH INTERNSHIPS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT PROGRAMS AT SCIENTIFIC MEETINGS - OPPORTUNITIES THAT ARE VITAL TO THE PROFESSIONAL DEVELOPMENT OF THE UNDERGRADUATE PHYSICS STUDENT. CENTER FOR HISTORY OF PHYSICS (CHP) AND THE NIELS BOHR LIBRARY & ARCHIVES THE HISTORY PROGRAMS OF THE AMERICAN INSTITUTE OF PHYSICS ENSURE THAT THE HERITAGE OF THE PHYSICAL SCIENCES IS SAFEGUARDED AND THAT THE PUBLIC CAN UNDERSTAND HOW THE PHYSICAL SCIENCES HAVE BEEN CENTRAL TO THE HISTORY OF THE MODERN WORLD. THE HISTORY OF THE PHYSICAL SCIENCES OFFERS A RICH FRAMEWORK OF EXCITING PAST ACHIEVEMENTS AND VALUABLE GUIDANCE FOR CURRENT AND FUTURE GENERATIONS. "TO PRESERVE AND MAKE KNOWN THE HISTORY OF THE PHYSICAL SCIENCES" IS THE MISSION SHARED BY CHP AND THE NIELS BOHR LIBRARY & ARCHIVES. THE CORE ACTIVITIES OF CHP INCLUDE LOCATING AND PRESERVING PRIMARY SOURCE MATERIAL, SUPPORTING THE PRODUCTION OF HISTORY OF THE PHYSICAL SCIENCES, AND BRINGING THIS HISTORY TO A WIDE AUDIENCE. WE HELP WITH SOURCES MAINLY IN COLLABORATION WITH NBL&A AND THROUGH ORAL HISTORY INTERVIEWING, AN IMMEDIATE AND PERSONAL TESTIMONY TO SCIENCE IN PASSING GENERATIONS. WE SUPPORT HISTORICAL WRITING THROUGH GRANTS-IN-AID AND THE HELLEMAN FELLOWSHIPS, AS WELL AS THROUGH THE EARLY CAREERS CONFERENCE AND OUR SUPPORT OF EMERGING SCHOLARS. WE SUPPORT EDUCATION AND ENGAGEMENT ABOUT THE HISTORY OF THE PHYSICAL SCIENCES THROUGH OUR TEACHING GUIDES AND HISTORY OF SCIENCE WEB EXHIBITS. CHP ALSO SPONSORS PUBLIC LECTURE SERIES, THE LYNE STARLING TRIMBLE SCIENCE HERITAGE PUBLIC LECTURES. THE CENTER FOR HISTORY OF PHYSICS ENVISIONS AN EVEN MORE ACTIVE RESEARCH INSTITUTE IN THE FUTURE, WITH A MORE VIBRANT COMMUNITY OF HISTORIANS AND OTHER SCHOLARS, ALL WORKING TO BRING A GREATER UNDERSTANDING OF THE PHYSICAL SCIENCES TO K-12 SCHOOL AUDIENCES AND THE BROADER PUBLIC. THE NIELS BOHR LIBRARY & ARCHIVES (NBL&A) DOCUMENTS THE HISTORY OF AIP AND OTHER SCIENTIFIC INSTITUTIONS BY COLLECTING INSTITUTIONAL RECORDS AND OTHER PRIMARY RESOURCES THAT DETAIL THE ACTIVITIES OF THE ORGANIZATIONS AND HIGHLIGHT THE ROLES THAT THESE INSTITUTIONS PLAY IN THE WORLD AT LARGE, CAPTURING HOW SCIENTIFIC INSTITUTIONS PARTICIPATE IN GLOBAL MOVEMENTS LIKE SOCIAL INJUSTICE, INCLUSION, GLOBAL WARMING, AND PANDEMIC RESPONSE. THE NBL&A ALSO PRESERVES ORAL HISTORY INTERVIEWS, PHOTOGRAPHS AND MEDIA, BOOKS, JOURNALS, AND OTHER PUBLISHED MATERIALS PERTAINING TO THE HISTORY OF THE PHYSICAL SCIENCES. IN RECENT YEARS, THE NBL&A HAS BROADENED THE SCOPE OF THE COLLECTIONS TO INCLUDE OLDER MATERIALS AND RARE BOOKS, DATING BACK TO THE 16TH AND 17TH CENTURIES, IN TOPICS THAT FORM THE FOUNDATIONS OF MODERN SCIENCE. LOOKING TO THE FUTURE, THE NBL&A STRIVES TO SERVE AND CONNECT WITH OUR RESEARCH COMMUNITY THROUGH INCREASED OUTREACH AND PROMOTION OF OUR RESOURCES AND GLOBAL ACCESS TO OUR COLLECTIONS THROUGH STRATEGIC DIGITIZATION AND REMOTE ACCESS TO SELECTED MATERIALS. DIVERSITY, EQUITY, INCLUSION AIP HAS INVESTED IN DIVERSITY, EQUITY, AND INCLUSION ACROSS THE INSTITUTE. IN JANUARY 2020, THE TASK FORCE TO ELEVATE AFRICAN AMERICAN REPRESENTATION IN UNDERGRADUATE PHYSICS AND ASTRONOMY (TEAM-UP) RELEASED ITS GROUNDBREAKING REPORT, SYSTEMIC CHANGES TO INCREASE AFRICAN AMERICANS WITH BACHELOR'S DEGREES IN PHYSICS AND ASTRONOMY. RECOGNIZING THE IMPORTANCE OF BOTH INFORMATION AND ACTION, AIP DEDICATED FULL-TIME STAFF TO PROMOTE AND ADVANCE THE TEAM-UP REPORT RECOMMENDATIONS WITHIN THE PHYSICS AND ASTRONOMY ACADEMIC COMMUNITIES AND ASSEMBLED A COMMITTEE OF EXPERTS TO ORGANIZE IMPLEMENTATION WORKSHOPS AIMED AT HELPING THESE DEPARTMENTS CREATE ACTION PLANS AND ENVIRONMENTS WHERE AFRICAN AMERICAN STUDENTS CAN THRIVE. THE AIP BOARD ESTABLISHED A DIVERSITY ACTION FUND FOR ACTION-BASED GRANTS TO SUPPORT OUR MEMBER SOCIETIES' INITIATIVES IN RESPONSE TO RACIAL INJUSTICES. THE FUND ALSO ESTABLISHED A JOINT AWARD WITH THE NATIONAL SOCIETY OF BLACK PHYSICISTS, THE AIP-NSBP JOSEPH A. JOHNSON II AWARD, WHICH HONORS DR. JOHNSON'S LEGACY AS A PIONEERING EXPERIMENTAL PHYSICIST, COFOUNDER OF NSBP, AND INSPIRATIONAL MENTOR TO COUNTLESS BLACK STUDENTS. AIP PARTNERED WITH THE #BLACKINPHYSICS ORGANIZERS TO SPOTLIGHT BLACK PHYSICISTS - THEIR STORIES AND THEIR CONTRIBUTIONS TO SCIENCE AND SOCIETY. OUR FLAGSHIP PUBLICATION, PHYSICS TODAY, CREATED A #BLACKINPHYSICS WEEK ESSAY SERIES AS PART OF THAT PARTNERSHIP AND EACH YEAR DRAWS ATTENTION TO ISSUES AFFECTING WOMEN, LGBTQ PEOPLE, PEOPLE WITH DISABILITIES AND PEOPLE OF COLOR IN THE PHYSICAL SCIENCES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
France Cordova Chair | OfficerTrustee | 8 | $0 |
Susan Avery Treasurer | OfficerTrustee | 8 | $0 |
Michael Moloney Aip CEO | OfficerTrustee | 4 | $0 |
Melissa Perry Secretary | Officer | 4 | $0 |
Catherine Swartz Aip CFO | Officer | 4 | $0 |
Tanya Easton Executive Director | Officer | 32 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $200,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,012,866 |
Noncash contributions included in lines 1a–1f | $295,131 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,212,866 |
Total Program Service Revenue | $0 |
Investment income | $527 |
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 | $1,213,393 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,045 |
Fees for services: Accounting | $19,778 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $27,850 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,755 |
Advertising and promotion | $19,050 |
Office expenses | $7,984 |
Information technology | $46,970 |
Royalties | $0 |
Occupancy | $20,604 |
Travel | $3,299 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $714 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,000 |
All other expenses | $0 |
Total functional expenses | $1,006,782 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $824,076 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $95,267 |
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 | $13,042 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $932,385 |
Accounts payable and accrued expenses | $12,851 |
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 | $12,851 |
Net assets without donor restrictions | $114,395 |
Net assets with donor restrictions | $805,139 |
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 | $932,385 |
Over the last fiscal year, we have identified 1 grants that Aip Foundation has recieved totaling $500.
Awarding Organization | Amount |
---|---|
Yardeni Family Foundation New York, NY PURPOSE: CHARITABLE | $500 |
Beg. Balance | $21,517 |
Earnings | $21 |
Net Contributions | $401,100 |
Ending Balance | $422,638 |
Organization Name | Assets | Revenue |
---|---|---|
Iop Publishing Incorporated Philadelphia, PA | $1,720,227 | $5,024,861 |
University Of Virginia Engineering Foundation Inc Charlottesville, VA | $68,625,953 | $4,333,906 |
Foundation For Meat And Poultry Research And Education Washington, DC | $2,858,739 | $3,121,077 |
Silverlining Inc Washington, DC | $2,068,443 | $2,757,589 |
American Association For Anatomy Rockville, MD | $14,782,902 | $3,441,263 |
Aip Foundation College Park, MD | $932,385 | $1,213,393 |
National Institute Of Aerospace Foundation Hampton, VA | $28,778 | $82,817 |
Cpi Foundation Inc Pleasant Gap, PA | $1,115,624 | $83,346 |
Abet Foundation Inc Baltimore, MD | $243,734 | $0 |