Packard Humanities Institute
- Assets
- $863.9m
- Revenue
- $102.6m
- Investments
- $301.6m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 94-3038401
Organization Overview
Packard Humanities Institute is located in Los Altos, CA. The organization was established in 1987. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Packard Humanities Institute 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, Packard Humanities Institute generated $102.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $22.9m during the year ending 12/2021. While expenses have increased by 1.3% 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.
Since 2015, Packard Humanities Institute has awarded 178 individual grants totaling $59,262,485. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITIES DATA BASE PROJECTS: SUPPORT FOR THE PRESERVATION, EDITING, AND DISEMINATION OF HISTORICAL MUSIC (INCLUDING C.P.E. BACH AND MOZART) AND DOCUMENTS (INCLUDING GREEK INSCRIPTION)
CONSTRUCTION COSTS AND OPERATING COSTS FOR THE PHI STOA IN SANTA CLARITA, CA
FILM PRESERVATION AND DIGITIZATION PROJECTS
COSTS FOR THE PROJECT AT THE HERCULANEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Loughney Director | 40 | $185,880 | |
Wilkins Poe Editor-Programmer | 40 | $173,110 | |
Matthew Yow Facility Manager | 40 | $155,049 | |
Si White Treasurer/cfo | 25 | $149,760 | |
Paul Corneilson Managing Editor | 40 | $125,331 | |
Bruce Nichols Program Manager | 40 | $120,497 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase Bank Na | 12/30/21 | $348,719 |
Bar Architects | 12/30/21 | $258,030 |
Hydea | 12/30/21 | $119,959 |
Tectoo Srl | 12/30/21 | $108,828 |
Deloitte & Touche | 12/30/21 | $82,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38,851 |
| Dividends & Interest | $1,693,364 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,845,093 |
| Capital Gain Net Income | $101,710,587 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,577,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $149,760 |
| Other employee salaries and wages | $2,812,390 |
| Pension plans, employee benefits | $1,297,999 |
| Interest | $0 |
| Taxes | $674,464 |
| Depreciation | $3,751,486 |
| Occupancy | $1,464,013 |
| Travel, conferences, and meetings | $2,835 |
| Printing and publications | $0 |
| Other expenses | $1,272,943 |
| Total operating and administrative expenses | $12,996,410 |
| Contributions, gifts, grants paid | $9,905,309 |
| Total expenses and disbursements | $22,901,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $358,413,534 |
| Net Accounts receivable | $377,889 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $4,351,753 |
| Prepaid expenses and deferred charges | $16,364 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $189,421,180 |
| Net Land, buildings, and equipment | $168,492,171 |
| Other assets | $30,611,879 |
| Total assets | $863,900,364 |
| Accounts payable and accrued expenses | $2,045,011 |
| Grants payable | $420,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,546,825 |
| Total liabilities | $4,011,836 |
Grants Awarded
Over the last fiscal year, Packard Humanities Institute has awarded $9,878,309 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ISTITUTO PACKARD PER I BENI CULTURALI PURPOSE: SUPPORT HERCULANEUM CONSERVATION PROJECT | $2,299,400 |
AMERICAN SCHOOL OF CLASSICAL STUDIES IN ATHENS PURPOSE: PURCHASE OF PROPERTY IN ATHENS FOR EXCAVATION | $1,800,000 |
INTERNATIONAL MOZARTEUM FOUNDATION PURPOSE: SUPPORT OF STAFF SALARIES AND GENERAL EXPENSES OF THE DIGITAL MOZART EDITION | $1,700,000 |
Rochester, NY PURPOSE: SUPPORT FOR THE MOTION PICTURE DEPARTMENT | $957,109 |
FOUNDING FATHERS PAPERS INC PURPOSE: GENERAL OPERATING SUPPORT | $673,000 |
STANFORD THEATRE FOUNDATION PURPOSE: STANFORD THEATRE GENERAL OPERATING EXPENSES | $650,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Packard Humanities Institute Los Altos, CA | $863,900,364 | $102,577,308 |
Ayn Rand Institute The Center For The Advancement Of Objectivism Santa Ana, CA | $17,620,667 | $17,085,722 |
Claremont Inst For The Study Of Statesmanship & Polit Philosophy Upland, CA | $14,003,298 | $9,466,224 |
California Humanities Oakland, CA | $2,781,512 | $6,891,682 |
Aha Punana Leo Hilo, HI | $23,875,245 | $6,915,753 |
Partners Asia Oakland, CA | $6,552,828 | $5,792,880 |
Literary Arts Inc Portland, OR | $14,485,873 | $11,203,520 |
Library Foundation Inc Serving The People Of Multnomah County Portland, OR | $22,669,861 | $3,134,177 |
Get Lit Words Ignite Inc Los Angeles, CA | $1,330,397 | $2,322,954 |
Society For Creative Anachronism Inc San Jose, CA | $6,483,503 | $1,391,085 |
Asian Pacific Institute On Gender-Based Violence Oakland, CA | $515,688 | $1,708,443 |
Wang Mo-Jen & Wang Chou An-Yi World Chinese Literature Prize Foundati San Francisco, CA | $2,890,895 | $451,863 |