The Aspen Institute Inc
- Assets
- $475.9m
- Revenue
- $189.8m
- Investments
- $169.0m
- Employees
- 724
- Location
- Washington, DC
- Founding
- 02/1951
- Data as of
- 12/2022
- 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 12/2023, Aspen Institute Inc employed 724 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 12/2022, Aspen Institute Inc generated $189.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $192.9m during the year ending 12/2022. While expenses have increased by 8.4% 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.
Since 2014, Aspen Institute Inc has awarded 802 individual grants totaling $111,345,527. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASPEN INSTITUTE IGNITES HUMAN POTENTIAL TO BUILD UNDERSTANDING AND CREATE NEW POSSIBILITIES FOR A BETTER WORLD. WE DRIVE CHANGE THROUGH DIALOGUE, LEADERSHIP, AND ACTION TO HELP SOLVE THE GREATEST CHALLENGES OF OUR TIME IN SERVICE OF A MORE FREE, JUST, AND EQUITABLE SOCIETY. WE DO THIS BY FACILITATING DIALOGUE AND CURATING CONVENINGS, DEVELOPING LEADERS AND LEADERSHIP, AND ENABLING SOLUTIONS.
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.
OTHER RESTRICTED PROGRAMS, ASPEN GLOBAL LEADERSHIP NETWORK AND INNOVATION FUNDS, YOUTH AND ENGAGEMENT, AND SEMINARS
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 AND REFRESHES MIND, BODY AND SPIRIT. ONE OF OUR PROGRAMS THAT USE THE CAMPUS IS OUR ASPEN EXECUTIVE 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.
PUBLIC PROGRAMS: THE INSTITUTE'S PUBLIC PROGRAMS ARE DESIGNED TO FREELY DISSEMINATE THE ORGANIZATION'S IDEAS AND TO PROVIDE THE PUBLIC WITH OPPORTUNITIES TO CONVENE INCLUSIVELY AND ENGAGE IN THOUGHTFUL, NONPARTISAN DIALOGUE. OUR MAJOR EVENTS INCLUDE THE ASPEN IDEAS FESTIVAL, ASPEN IDEAS HEALTH, THE ASPEN SECURITY FORUM, CITY LAB AND ASPEN WORDS. THESE AND OUR OTHER PUBLIC FORUMS ENGAGE OVER 15,000 MEMBERS OF THE GENERAL PUBLIC ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Porterfield President & CEO | OfficerTrustee | 40 | $789,901 |
Margot L Pritzker Chair | OfficerTrustee | 1 | $0 |
Katharine Albright Trustee | Trustee | 1 | $0 |
Jeffrey S Aronin Trustee | Trustee | 1 | $0 |
Alex M Azar II Trustee | Trustee | 1 | $0 |
Donna Barksdale Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moline Construction Construction Services | 12/30/23 | $4,406,267 |
Sypartners Llc Strategic Planning Consulting Services | 12/30/23 | $1,490,487 |
Ithaka Harbors Aspen Leadership Program Evaluation | 12/30/23 | $1,184,374 |
David Nelson Construction Co Construction Services | 12/30/23 | $1,203,091 |
Mountain View Staging Services Audio Visual Services | 12/30/23 | $1,071,527 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,368,529 |
| Related organizations | $0 |
| Government grants | $7,410,310 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,781,726 |
| Noncash contributions included in lines 1a–1f | $16,542,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,560,565 |
| Total Program Service Revenue | $51,436,477 |
| Investment income | $2,019,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$102,403 |
| Net Gain/Loss on Asset Sales | -$5,186,833 |
| Net Income from Fundraising Events | -$1,266,417 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,761,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,469,399 |
| Grants and other assistance to domestic individuals. | $1,209,937 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,707,562 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,020,190 |
| Compensation of current officers, directors, key employees. | $2,544,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,579,011 |
| Pension plan accruals and contributions | $5,487,330 |
| Other employee benefits | $5,191,748 |
| Payroll taxes | $4,319,768 |
| Fees for services: Management | $15,798,971 |
| Fees for services: Legal | $950,984 |
| Fees for services: Accounting | $225,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,200,859 |
| Fees for services: Other | $30,312,273 |
| Advertising and promotion | $0 |
| Office expenses | $8,863,673 |
| Information technology | $1,340,920 |
| Royalties | $0 |
| Occupancy | $4,731,253 |
| Travel | $13,827,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $457,658 |
| Conferences, conventions, and meetings | $5,334,429 |
| Interest | $142,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,336,218 |
| Insurance | $595,588 |
| All other expenses | $423 |
| Total functional expenses | $192,935,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,189,779 |
| Savings and temporary cash investments | $23,540,105 |
| Pledges and grants receivable | $39,355,994 |
| Accounts receivable, net | $8,632,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $278,414 |
| Prepaid expenses and deferred charges | $2,543,500 |
| Net Land, buildings, and equipment | $74,468,353 |
| Investments—publicly traded securities | $78,563,638 |
| Investments—other securities | $169,017,803 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,292,562 |
| Total assets | $475,882,871 |
| Accounts payable and accrued expenses | $15,343,072 |
| Grants payable | $2,140,947 |
| Deferred revenue | $15,882,204 |
| 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 | $3,780,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,610,309 |
| Total liabilities | $103,756,532 |
| Net assets without donor restrictions | $124,326,717 |
| Net assets with donor restrictions | $247,799,622 |
| 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 | $475,882,871 |
Grants Awarded
Over the last fiscal year, The Aspen Institute Inc has awarded $25,019,753 in support to 161 organizations.
| Grant Recipient | Amount |
|---|---|
ZERO EMISSION MARITIME BUYERS ALLIANCE PURPOSE: SUPPORT OPERATING ACTIVITIES | $1,553,181 |
ITHAKA HARBORS INC PURPOSE: AMERICAN TALENT INITIATIVE (ATI) GRANT | $1,134,374 |
INTERNATIONAL RESEARCH & EXCHANGES BOARD INC PURPOSE: STEVENS INITIATIVE VIRTUAL EXCHANGE PROGRAM | $1,020,705 |
SOLIYA INC PURPOSE: STEVENS INITIATIVE VIRTUAL EXCHANGE PROGRAM | $951,334 |
GLOBAL DEVELOPMENT INCUBATOR INC PURPOSE: GLOBAL OPPORTUNITY YOUTH NETWORK (GOYN) GRANT | $935,000 |
AFS INTERCULTURAL PROGRAMS INC PURPOSE: STEVENS INITIATIVE VIRTUAL EXCHANGE PROGRAM | $763,623 |