Institute Of Mathematical Statistics
- Assets
- $14.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Waite Hill, OH
- Founding
- 10/1949
- Data as of
- 12/2021
- EIN
- 94-1317787
Organization Overview
Institute Of Mathematical Statistics is located in Waite Hill, OH. The organization was established in 1949. According to its NTEE Classification (U34) the organization is classified as: Mathematics, 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. Institute Of Mathematical Statistics 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, Institute Of Mathematical Statistics generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE OF MATHEMATICAL STATISTICS IS AN INTERNATIONAL (CONTINUED ON SCHEDULE O)PROFESSIONAL SOCIETY DEVOTED TO THE DEVELOPMENT AND DISSEMINATION OF THE THEORY AND APPLICATION OF STATISTICS AND PROBABILITY. ITS ACTIVITIES INCLUDE SPONSORSHIP OF JOURNALS AND OTHER SCIENTIFIC PUBLICATIONS, ORGANIZATION OF SCIENTIFIC MEETINGS AND COOPERATION WITH OTHER SCIENTIFIC ORGANIZATIONS.
Describe the Organization's Program Activity:
PUBLICATION, EDITORIAL AND SHIPPING FOR ALL PUBLICATIONS. THE SCIENTIFIC JOURNALS ARE THE ANNALS OF APPLIED PROBABILITY, THE ANNALS OF APPLIED STATISTICS, THE ANNALS OF PROBABILITY, THE ANNALS OF STATISTICS, AND STATISTICAL SCIENCE. THE IMS BULLETIN IS THE NEWS ORGAN OF THE INSTITUTE. JOINTLY WITH OTHER ORGANIZATIONS, THE INSTITUTE PUBLISHES THE ELECTRONIC JOURNAL OF PROBABILITY, ELECTRONIC COMMUNICATIONS IN PROBABILITY, ELECTRONIC JOURNAL OF STATISTICS, JOURNAL OF COMPUTATIONAL AND GRAPHICAL STATISTICS, PROBABILITY SURVEYS, STATISTICS SURVEYS AND CURRENT INDEX TO STATISTICS. ON BEHALF OF OTHER ORGANIZATIONS, THE INSTITUTE PRODUCES STOCHASTIC SYSTEMS, BAYESIAN ANALYSIS, BERNOULLI, (CONTINUED ON SCHEDULE O)BERNOULLI NEWS, BRAZILIAN JOURNAL OF PROBABILITY AND STATISTICS, AND ANNALES DE L'INSTITUT HENRI POINCARE (B) PROBABILITES ET STATISTIQUES.
THE IMS SPONSORS AND CO-SPONSORS SEVERAL MEETINGS INCLUDING: THE JOINT STATISTICAL MEETINGS, THE IMS ANNUAL MEETING, ENAR/IMS MEETING, WNAR/IMS MEETING, STOCHASTIC PROCESSES AND THEIR APPLICATIONS, IMS CHINA ANNUAL MEETING, THE IMS ASIA-PACIFIC RIM MEETING AND MCMSKI.
THE INSTITUTE PUBLISHES SEVERAL BOOK SERIES INCLUDING, THE IMS LECTURE NOTES - MONOGRAPH SERIES AND IMS COLLECTIONS, IMS MONOGRAPHS, IMS TEXTBOOKS, AND NSF-CBMS REGIONAL CONFERENCE SERIES IN PROBABILITY AND STATISTICS. CURRENTLY THE IMS HAS A TOTAL OF 85 BOOKS AMONG THESE SERIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elyse Gustafson Executive Director | Officer | 40 | $150,356 |
Krzystof Burdzy President | OfficerTrustee | 10 | $0 |
Peter Buehlmann President-Elect | OfficerTrustee | 5 | $0 |
Regina Liu Past President | OfficerTrustee | 5 | $0 |
Edsel Pena Executive Secretary | OfficerTrustee | 5 | $0 |
Annie Qu Program Secretary | OfficerTrustee | 5 | $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 | $104,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,588 |
| Total Program Service Revenue | $2,076,048 |
| Investment income | $223,761 |
| 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 | $2,453,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,672 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,562 |
| Compensation of current officers, directors, key employees. | $89,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,675 |
| Fees for services: Management | $95,864 |
| Fees for services: Legal | -$1,500 |
| Fees for services: Accounting | $18,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,129 |
| Advertising and promotion | $0 |
| Office expenses | $10,328 |
| Information technology | $10,569 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,216 |
| All other expenses | $9,286 |
| Total functional expenses | $1,862,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,847 |
| Savings and temporary cash investments | $1,811,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $184,893 |
| 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 | $56,317 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,598,654 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $930,780 |
| Total assets | $14,662,135 |
| Accounts payable and accrued expenses | $36,242 |
| Grants payable | $0 |
| Deferred revenue | $1,355,546 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $331,875 |
| 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 | $1,723,663 |
| Net assets without donor restrictions | $12,294,715 |
| Net assets with donor restrictions | $643,757 |
| 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 | $14,662,135 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Institute Of Mathematical Statistics has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Wunderkinder Foundation Los Angeles, CA PURPOSE: EDUCATION | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,000 |
Endowment Analysis
| Beg. Balance | $437,100 |
| Earnings | $61,941 |
| Net Contributions | $101,430 |
| Other Expense | $3,200 |
| Ending Balance | $597,271 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For Industrial And Applied Mathematics Philadelphia, PA | $62,518,550 | $15,208,892 |
Institute Of Mathematical Statistics Waite Hill, OH | $14,662,135 | $2,453,638 |
Indiana Title Statistical Services Organization Inc Indianapolis, IN | $0 | $232,233 |
Riverbend Community Math Center Inc South Bend, IN | $47,741 | $78,475 |
Mathematical Optimization Society Inc Philadelphia, PA | $930,067 | $64,710 |
Preston Mansfield Award For Excellence In Mathematics Elizabethtown, KY | $0 | $1,514 |
Ximera Foundation Columbus, OH | $0 | $0 |