Weizmann Institute Of Science
- Assets
- $4.3b
- Revenue
- $512.7m
- Investments
- $3.3b
- Employees
- 0
- Location
- Founding
- 11/2004
- Data as of
- 09/2020
- 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 09/2020, Weizmann Institute Of Science generated $512.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $329.3m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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 |
|---|---|---|---|
Prof Alon Chen President | OfficerTrustee | 40 | $368,700 |
Aldo Shemesh Academic Staff | 40 | $356,828 | |
Prof Goldfarb Daniella Chair, Sceintific Council | Officer | 15 | $344,629 |
Prof Ziv Reich Vice President | OfficerTrustee | 40 | $327,712 |
Hanoch Wagner Academic Staff | 40 | $324,690 | |
Prof Yosef Nir Executive Board | Trustee | 40 | $319,596 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amnon Shaul And Sons Construction | 9/29/21 | $5,807,264 |
Afi Properties Holdings Ltd Real Estate | 9/29/21 | $5,664,816 |
Asher Green Construction Construction | 9/29/21 | $17,295,139 |
Rehnium Laboratory Equipment | 9/29/21 | $6,821,420 |
Electra Ltd Electro-mechanical | 9/29/21 | $6,342,641 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,530,804 |
| Investment income | $207,337,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,893,000 |
| Net Rental Income | $11,942,687 |
| 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 | $512,720,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $740,174 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,950,860 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,234,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,175,275 |
| Pension plan accruals and contributions | $11,798,214 |
| Other employee benefits | $4,938,922 |
| Payroll taxes | $12,503,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $567,833 |
| Fees for services: Accounting | $408,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,605,704 |
| Office expenses | $2,271,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,330,477 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,153,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,487,000 |
| Insurance | $576,787 |
| All other expenses | $0 |
| Total functional expenses | $329,327,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,407,000 |
| Savings and temporary cash investments | $983,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,540,000 |
| 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 |
| Investments—publicly traded securities | $341,525,000 |
| Investments—other securities | $3,322,906,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,793,000 |
| Total assets | $4,320,911,000 |
| Accounts payable and accrued expenses | $104,391,000 |
| 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 | $96,348,000 |
| Total liabilities | $200,739,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,120,172,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Weizmann Institute Of Science has recieved totaling $260,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $250,000 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $491,272,000 |
| Earnings | $95,836,000 |
| Net Contributions | $148,831,000 |
| Other Expense | $158,993,000 |
| Ending Balance | $576,946,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weizmann Institute Of Science | $4,320,911,000 | $512,720,491 |
International Center Of Insect Physiology And Ecology | $70,607,275 | $37,905,862 |
Cab International | $43,064,180 | $42,132,938 |
Bermuda Institute Of Ocean Sciences Bios Inc | $48,144,596 | $11,893,948 |
International Society For Biological And Environmental Repos | $733,137 | $656,366 |
International Society Of Protistologists Inc | $1,621,967 | $273,663 |