Weizmann Institute Of Science
- Assets
- $4.7b
- Revenue
- $938.4m
- Investments
- $3.6b
- Employees
- 0
- Location
- Founding
- 11/2004
- Data as of
- 09/2023
- EIN
- 98-0413360
Organization Overview
Weizmann Institute Of Science is located in null. The organization was established in 2004. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, 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. Weizmann Institute Of Science 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 09/2023, Weizmann Institute Of Science generated $938.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $275.8m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSTITUTIONS IN THE WORLD, NOTED FOR ITS WIDE-RANGING EXPLORATION OF THE SCIENCES AND TECHNOLOGY.
Describe the Organization's Program Activity:
IN ADDITION TO ITS MULTIDISCIPLINARY RESEARCH IN SUCH AREAS AS CANCER, THE BRAIN, PERSONALIZED MEDICINE, ALTERNATIVE ENERGY, NANOSCIENCE AND COMPUTER SCIENCE, THE WEIZMANN INSTITUTE HAS THE FEINBERG GRADUATE SCHOOL. FEINBERG GRADUATE SCHOOL IS CHARTERED AS A HIGHER EDUCATION INSTITUTE IN THE STATE OF NEW YORK, AND IS ACCREDITED BY THE ISRAEL COUNCIL FOR HIGHER EDUCATION. FGS IS ALSO RECOGNIZED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orion Nir Academic Staff | 40 | $374,367 | |
Prof Alon Chen President | OfficerTrustee | 40 | $344,464 |
Bar-On Asher Academic Staff | 40 | $311,888 | |
Prof Ziv Reich Vice President | OfficerTrustee | 40 | $305,119 |
Elia Zeldov Academic Staff | 40 | $301,140 | |
Falkovich Gregory Academic Staff | 40 | $293,069 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Electra Me Electromechanical So | 9/29/23 | $6,699,984 |
Electra Construction Construction | 9/29/23 | $10,938,390 |
Afi Properties Holdings Ltd Real Estate | 9/29/23 | $5,460,212 |
Minrav Construction | 9/29/23 | $11,892,976 |
Amnon Shaul And Sons Construction | 9/29/23 | $9,173,389 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $160,330,779 |
| Government grants | $191,115,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,634,996 |
| Total Program Service Revenue | $0 |
| Investment income | $550,594,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,666,000 |
| Net Rental Income | $14,881,151 |
| 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 | $938,408,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $494,627 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,952,660 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,840,577 |
| Compensation of current officers, directors, key employees. | $350,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,142,503 |
| Pension plan accruals and contributions | $13,340,268 |
| Other employee benefits | $4,279,985 |
| Payroll taxes | $12,067,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,302,933 |
| Fees for services: Accounting | $242,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $795,524 |
| Advertising and promotion | $4,301,778 |
| Office expenses | $339,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,293,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,699,000 |
| Insurance | $1,366,000 |
| All other expenses | $0 |
| Total functional expenses | $275,823,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,681,000 |
| Savings and temporary cash investments | $98,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,923,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $619,645,000 |
| Investments—publicly traded securities | $318,852,000 |
| Investments—other securities | $3,556,021,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,823,000 |
| Total assets | $4,661,043,000 |
| Accounts payable and accrued expenses | $153,690,000 |
| 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 | $82,405,000 |
| Total liabilities | $236,095,000 |
| Net assets without donor restrictions | $3,818,222,000 |
| Net assets with donor restrictions | $606,726,000 |
| 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 | $4,661,043,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|