Institute For Humane Studies
- Assets
- $25.5m
- Revenue
- $17.2m
- Investments
- $0.0
- Employees
- 90
- Location
- Arlington, VA
- Founding
- 06/1965
- Data as of
- 08/2023
- EIN
- 94-1623852
Organization Overview
Institute For Humane Studies is located in Arlington, VA. The organization was established in 1965. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 08/2023, Institute For Humane Studies employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Humane Studies 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 08/2023, Institute For Humane Studies generated $17.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $18.3m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Institute For Humane Studies has awarded 198 individual grants totaling $2,595,584. 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
THE INSTITUTE DISCOVERS, DEVELOPS, AND SUPPORTS STUDENTS, SCHOLARS, AND OTHER INTELLECTUALS WHO MAINTAIN THE HIGHEST STANDARD OF ACADEMIC EXCELLENCE AND WHO SHARE AN INTEREST IN THE PRINCIPLES OF THE CLASSICAL LIBERAL TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMPLIFYING RESEARCH THROUGH FOCUS AREAS: WITH A COMMUNITY OF 5,000+ UNIVERSITY-BASED SCHOLARS SPANNING A VARIETY OF FIELDS AND HUNDREDS OF INSTITUTIONS, IHS IS SUPPORTING AND CONNECTING THE BRIGHTEST MINDS WHO ARE DEVELOPING AND ADVANCING THE IDEAS THAT SUPPORT THRIVING AND FREE SOCIETIES IN WHICH ALL PEOPLE HAVE THE OPPORTUNITY TO FLOURISH. IHS WILL CONCENTRATE ITS ACTIVITIES AND INVESTMENTS FROM 2022 TO 2026 ACROSS SEVEN FOCUS AREAS BY CONVENING SCHOLARS THROUGH ONLINE AND IN-PERSON PROGRAMS AND WORKSHOPS AND FUNDING INNOVATIVE RESEARCH THAT ADVANCES OUR UNDERSTANDING OF, AND SOLUTIONS TO, COMPLEX SOCIAL, ECONOMIC, AND COLLECTIVE ACTION PROBLEMS.
PUBLIC AFFAIRS: THE PUBLIC AFFAIRS PROGRAM SEEKS TO INFORM ALUMNI, FACULTY, AND SUPPORTERS ABOUT THE EFFORTS OF THE INSTITUTE AND SUPPORT THE DEVELOPMENT OF A NETWORK OF FACULTY, SUPPORTERS, AND NONPROFIT ALLIES WHO SHARE AN INTEREST IN CLASSICAL LIBERAL IDEAS.
ACADEMIC TALENT-DEVELOPMENT PROGRAMS: THE INSTITUTE'S ACADEMIC TALENT-DEVELOPMENT PROGRAMS WORK TO DEVELOP TALENTED GRADUATE STUDENTS WHO ARE INTERESTED IN CAREERS IN ACADEMIA. IT ACCOMPLISHES THIS THROUGH FELLOWSHIPS, GRANTS, CAREER DEVELOPMENT WORKSHOPS, ACADEMIC RESEARCH SEMINARS, AND NETWORKING AT ACADEMIC CONFERENCES.
SCALING THE IHS DIGITAL COMMUNITY: THE INSTITUTE'S DIGITAL PLATFORM AND SUITE OF RESOURCES EMPOWERS SCHOLARS AND RESEARCH COMMUNITIES IN THE IHS NETWORK WITH THE KNOWLEDGE AND TOOLS THEY NEED TO GROW THEIR IMPACT. THIS INCLUDES TAILORED RECOMMENDATIONS FOR CONNECTION TO SCHOLARS AND RESEARCHERS WELL BEYOND THEIR OWN COMMUNITIES, ALONG WITH TOOLS TO PURSUE THOSE CONNECTIONS, INCLUDING USER-DRIVEN OUTREACH, COLLABORATION TOOLS, PROGRAMS, AND FUNDING TO SUPPORT COLLABORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Humphreys Chairman | OfficerTrustee | 1 | $0 |
Tyler Cowen Vice Chairman | OfficerTrustee | 1 | $0 |
James Arthur Pope Director | Trustee | 1 | $0 |
Scott Beaulier Director | Trustee | 1 | $0 |
Chris Rufer Director | Trustee | 1 | $0 |
Christopher Coyne Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Resource Connection Inc Digital Product Consulting Services | 8/30/23 | $547,404 |
American Philanthropic Llc Consulting Services | 8/30/23 | $118,160 |
Solution Design Group Inc Digital Platform Development Services | 8/30/23 | $156,188 |
Salesforcecom Inc Cloud-based Online Software Services | 8/30/23 | $117,735 |
Carnegie Dartlet Llc Digital Advertising | 8/30/23 | $112,824 |
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 | $15,884,481 |
| Noncash contributions included in lines 1a–1f | $28,967 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,884,481 |
| Total Program Service Revenue | $171,583 |
| Investment income | $399,686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $311,833 |
| Net Gain/Loss on Asset Sales | -$38,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,158,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $768,609 |
| Grants and other assistance to domestic individuals. | $1,706,659 |
| Grants and other assistance to Foreign Orgs/Individuals | $362,575 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $968,910 |
| Compensation of current officers, directors, key employees. | $581,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,140,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $707,215 |
| Payroll taxes | $563,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,066 |
| Fees for services: Accounting | $19,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,498 |
| Fees for services: Other | $1,592,546 |
| Advertising and promotion | $296,517 |
| Office expenses | $476,003 |
| Information technology | $582,678 |
| Royalties | $0 |
| Occupancy | $1,243,066 |
| Travel | $881,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $634,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,475 |
| Insurance | $30,533 |
| All other expenses | $0 |
| Total functional expenses | $18,258,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,533,073 |
| Savings and temporary cash investments | $9,994,313 |
| Pledges and grants receivable | $714,553 |
| Accounts receivable, net | $60,337 |
| 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 | $905,172 |
| Net Land, buildings, and equipment | $526,668 |
| Investments—publicly traded securities | $1,254,941 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,525,722 |
| Total assets | $25,514,779 |
| Accounts payable and accrued expenses | $733,515 |
| 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 | $8,357,006 |
| Total liabilities | $9,090,521 |
| Net assets without donor restrictions | $15,032,156 |
| Net assets with donor restrictions | $1,392,102 |
| 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 | $25,514,779 |
Grants Awarded
Over the last fiscal year, Institute For Humane Studies has awarded $643,408 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY PURPOSE: Student development/education grants | $94,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: Student development/education grants | $82,000 |
LINFIELD UNIVERSITY-MCMINNVILLE CAMPUS PURPOSE: Student development/education grants | $40,000 |
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL PURPOSE: Student development/education grants | $35,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: Student development/education grants | $32,160 |
GEORGIA TECH RESEARCH CORPORATION PURPOSE: Student development/education grants | $25,000 |