The Aspen Institute Inc
- Assets
- $394.2m
- Revenue
- $151.3m
- Investments
- $188.8m
- Employees
- 720
- Location
- Washington, DC
- Founding
- 02/1951
- Data as of
- 12/2020
- EIN
- 84-0399006
Organization Overview
The Aspen Institute Inc is located in Washington, DC. The organization was established in 1951. According to its NTEE Classification (V20) the organization is classified as: Social Science, under the broad grouping of Social Science and related organizations. As of 12/2021, Aspen Institute Inc employed 720 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspen 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 12/2020, Aspen Institute Inc generated $151.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $129.1m during the year ending 12/2020. While expenses have increased by 4.1% per year over the past 6 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 2014, Aspen Institute Inc has awarded 498 individual grants totaling $69,012,574. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ASPEN INSTITUTE IS A PEOPLE-SERVING ORGANIZATION THAT WORKS WITH PARTNERS ACROSS THE UNITED STATES AND AROUND THE WORLD TO BUILD A FREE, JUST, AND EQUITABLE SOCIETY. THE INSTITUTE CREATES POSITIVE CHANGE BY INSPIRING INCLUSIVE DIALOGUE AND EMPOWERING LEADERS TO SOLVE SOCIETY'S BIGGEST CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY PROGRAMS: THE ASPEN INSTITUTE'S POLICY PROGRAMS EXPLORE AND IDENTIFY SOLUTIONS FOR PROBLEMS RANGING FROM ECONOMIC DISTRESS TO EDUCATIONAL OPPORTUNITY, FROM CLIMATE CHANGE TO RACIAL DISPARITIES, IN AN EFFORT TO INFLUENCE DECISION-MAKERS IN THE PUBLIC AND PRIVATE SECTORS TO ADVANCE THE BEST AND MOST INSPIRED PROPOSALS. OUR POLICY PROGRAMS RANGE IN SIZE FROM $100,000 TO $15 MILLION IN ANNUAL REVENUE AND EXPENSES.
CAMPUS ACTIVITIES: IN ADDITION TO ITS HEADQUARTERS IN WASHINGTON, DC, THE ASPEN INSTITUTE ALSO CONDUCTS MUCH OF ITS WORK ON ITS FOUNDING CAMPUS IN ASPEN, COLORADO, WHICH PROVIDES NATURAL BEAUTY AND QUIET SURROUNDINGS THAT ENCOURAGE THOUGHTFUL REFLECTION THAT REFRESHES MIND, BODY AND SPIRIT. ONE OF OUR PROGRAMS THAT USE THE CAMPUS IS OUR ASPEN SEMINAR WHICH CHALLENGES INDIVIDUALS TO THINK MORE DEEPLY, LISTEN MORE ATTENTIVELY, AND REFINE THEIR ABILITY TO LEAD IN AN INCREASINGLY COMPLEX AND CONFLICTING WORLD. SEMINAR PARTICIPANTS ENGAGE IN CHALLENGING CONVERSATIONS ABOUT ENDURING QUESTIONS OF ETHICAL AND EFFECTIVE LEADERSHIP, GAINING A GREATER CAPACITY TO LEAD WITH COURAGE AND CONVICTION.
ASPEN GLOBAL LEADERSHIP NETWORK: THE ASPEN GLOBAL LEADERSHIP NETWORK IS A GROWING, WORLDWIDE COMMUNITY OF ENTREPRENEURIAL LEADERS FROM BUSINESS, GOVERNMENT, AND THE NONPROFIT SECTOR DRAWING FROM FELLOWS IN OVER 60 COUNTRIES WHO SHARE A COMMITMENT TO ENLIGHTENED LEADERSHIP AND TO USING THEIR EXTRAORDINARY CREATIVITY, ENERGY, AND RESOURCES TO TACKLE THE FOREMOST SOCIETAL CHALLENGES OF OUR TIMES. ALL HAVE PARTICIPATED IN THE FLAGSHIP HENRY CROWN FELLOWSHIP OR IN ONE OF THE DOZEN ASPEN INSTITUTE LEADERSHIP INITIATIVES IT HAS INSPIRED IN THE UNITED STATES, AFRICA, CHINA, CENTRAL AMERICA, INDIA, AND THE MIDDLE EAST. EACH SUMMER, THE NETWORK GATHERS TO RECONNECT AND RECOMMIT TO ACTION AT THE ANNUAL RESNICK ASPEN ACTION FORUM IN ASPEN, COLORADO.
OTHER RESTRICTED PROGRAMS/PUBLIC PROGRAMS/YOUTH AND ENGAGEMENT/SEMINARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Porterfield President & CEO | OfficerTrustee | 40 | $643,984 |
Elliot Gerson Executive VP | Officer | 40 | $450,891 |
Namita Khasat Cfo/cao/treasurer | Officer | 40 | $408,234 |
David Langstaff Exec Vice President | Officer | 40 | $353,857 |
Jane Wales Vp, Executive Director | 40 | $350,780 | |
Erika Mallin Executive Director | 40 | $349,830 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tenant Improvement Specialists Construction Services | 12/30/21 | $8,463,267 |
Brain Source International Staffing And Payroll Services | 12/30/21 | $1,268,182 |
Rowland Broughton Architecture And Urban Architectural Services For Construction | 12/30/21 | $448,626 |
Spitfire Strategies Llc Communications Consulting & Management | 12/30/21 | $388,351 |
Eplus Technology Inc It Systems And Support | 12/30/21 | $627,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $799,255 |
| Related organizations | $0 |
| Government grants | $3,880,824 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,574,624 |
| Noncash contributions included in lines 1a–1f | $10,736,193 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,254,703 |
| Total Program Service Revenue | $17,868,195 |
| Investment income | $941,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,067 |
| Net Gain/Loss on Asset Sales | $1,020,053 |
| Net Income from Fundraising Events | -$396,617 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,262,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,738,339 |
| Grants and other assistance to domestic individuals. | $1,268,055 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,939,465 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,932,640 |
| Compensation of current officers, directors, key employees. | $2,278,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,164,402 |
| Pension plan accruals and contributions | $4,629,541 |
| Other employee benefits | $4,179,161 |
| Payroll taxes | $3,340,711 |
| Fees for services: Management | $8,215,600 |
| Fees for services: Legal | $461,858 |
| Fees for services: Accounting | $197,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,062,358 |
| Fees for services: Other | $17,321,936 |
| Advertising and promotion | $0 |
| Office expenses | $2,608,807 |
| Information technology | $638,757 |
| Royalties | $0 |
| Occupancy | $5,890,405 |
| Travel | $2,631,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,235,453 |
| Interest | $5,537 |
| Payments to affiliates | $8,528 |
| Depreciation, depletion, and amortization | $3,537,656 |
| Insurance | $364,482 |
| All other expenses | $0 |
| Total functional expenses | $129,125,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,143,777 |
| Savings and temporary cash investments | $26,098,145 |
| Pledges and grants receivable | $40,677,134 |
| Accounts receivable, net | $25,416,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,867 |
| Prepaid expenses and deferred charges | $1,662,165 |
| Net Land, buildings, and equipment | $69,191,910 |
| Investments—publicly traded securities | $32,770,950 |
| Investments—other securities | $188,820,548 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,305,746 |
| Total assets | $394,226,132 |
| Accounts payable and accrued expenses | $11,901,598 |
| Grants payable | $2,359,126 |
| Deferred revenue | $6,737,446 |
| 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 | $20,997,410 |
| Total liabilities | $41,995,580 |
| Net assets without donor restrictions | $136,758,015 |
| Net assets with donor restrictions | $215,472,537 |
| 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 | $394,226,132 |
Grants Awarded
Over the last fiscal year, The Aspen Institute Inc has awarded $12,645,233 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: COLLABORATION IN THE AMERICAN TALENT INITIATIVE | $741,000 |
New York, NY PURPOSE: STEVENS INITIATIVE CULTURAL EXCHANGE | $641,157 |
ALAMO COMMUNITY COLLEGE DISTRICT PURPOSE: ASPEN PRIZE AWARD WINNER | $600,000 |
Philadelphia, PA PURPOSE: SUPPORT OYF ASPEN FORUM, WORK IN THE ASPEN CRIMINAL JUSTICE REFORM INITIATIVE | $557,010 |
Boston, MA PURPOSE: FORUM IN YOUTH-LED CHANGE | $550,000 |
Los Angeles, CA PURPOSE: BUILDING ECOSYSTEMS FOR YOUTH OPPORTUNITY IMPLEMENTATION | $450,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Aspen Institute Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Ehlers Family Foundation Inc Belleair, FL PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
Lsj Charitable Corporation Norfolk, CT PURPOSE: GLOBAL LEADERSHIP | $5,000 |
Endowment Analysis
| Beg. Balance | $140,520,233 |
| Earnings | $30,072,140 |
| Net Contributions | $17,309,092 |
| Other Expense | $9,195,723 |
| Ending Balance | $178,705,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cna Corporation Arlington, VA | $84,909,196 | $141,834,502 |
The Aspen Institute Inc Washington, DC | $394,226,132 | $151,262,821 |
Salzburg Global Seminar Inc Washington, DC | $32,915,580 | $8,223,721 |
Institute For Higher Education Policy Washington, DC | $12,264,735 | $8,483,043 |
United States Geospatial Intelligence Foundation Herndon, VA | $8,804,896 | $3,086,022 |
National Council For The Social Studies Silver Spring, MD | $1,853,857 | $2,454,594 |
Council On Governmental Relations Washington, DC | $2,894,445 | $1,795,111 |
Campbell Collaboration Arlington, VA | $1,110,359 | $1,945,266 |
Native American Finance Officers Association Inc Washington, DC | $1,154,609 | $1,688,375 |
Synergia - Initiatives For Human Rights Washington, DC | $1,999,287 | $1,462,976 |
The Thriving Cities Group Charlottesville, VA | $277,294 | $944,365 |
Motivational Interviewing Network Of Trainers Incorporated Alexandria, VA | $964,731 | $244,642 |