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← AIP FOUNDATION

Form 990 for tax year 2023

Filed by AIP FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 9 October 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$2,664,186
Total expenses
$3,649,666
Contributions and grants received
$2,231,807
Grants paid
$0
Program service revenue
$0
Investment income
$432,379
Other revenue
$0
Total assets, end of year
$18,690,997
Total liabilities, end of year
$1,159,012
Net assets or fund balances, end of year
$17,531,985
Program services expenses (Part IX)
$2,126,866
Management and general expenses
$177,636
Fundraising expenses
$1,345,164
Program service expenses (Part III)
$2,126,866

Program services were 58.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $325,924

  • 1f · All other contributions, gifts and grants

    $1,905,883

  • 1g · Noncash contributions included above

    $50,263

  • 3 · Investment income

    total $432,379 · excluded $432,379

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $19,101 · fundraising $19,101

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $23,992 · management and general $23,992

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $53,141 · fundraising $53,141

  • 11f · Fees: investment management

    total $22,299 · management and general $22,299

  • 11g · Fees: other

    total $19,304 · management and general $667 · fundraising $18,637

  • 12 · Advertising and promotion

    total $64,388 · fundraising $64,388

  • 13 · Office expenses

    total $6,063 · fundraising $6,063

  • 14 · Information technology

    total $66,258 · fundraising $66,258

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $30,347 · fundraising $30,347

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $113,741 · management and general $55,578 · fundraising $58,163

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,500 · management and general $5,500

  • 24a · Other expenses: AIP PROGRAM SUPPORT

    total $2,126,866 · program services $2,126,866

  • 24b · Other expenses: SHARED SERVICES

    total $1,098,666 · management and general $69,600 · fundraising $1,029,066

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,345 · end of year $154,011

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $10,509,902 · end of year $9,473,132

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,773 · end of year $69,248

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $6,625,267 · end of year $8,994,606

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,414 · end of year $19,250

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,009 · end of year $1,139,762

  • 27 · Net assets without donor restrictions

    beginning of year $250,909 · end of year $174,028

  • 28 · Net assets with donor restrictions

    beginning of year $17,002,955 · end of year $17,357,957

Mission and programs · 2023

Mission

AIP Foundation inspires transformative philanthropy that empowers physical scientists to make a global impact. We support hundreds of thousands of scientists in the physical sciences community, enabling breakthroughs that change our lives. The purpose of the Corporation is exclusively to operate for the benefit of, to perform the functions of, and to carry out the purposes of the American Institute of Physics Incorporated ("AIP"). The Corporation shall not be operated to further any purposes that do not support the charitable, educational, and scientific purposes of AIP.

Activities or mission (Part I)

THE AIP FOUNDATION IS ORGANIZED AND OPERATES EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRS CODE 1986.

  • AIP FOUNDATION SOLICITS DONATIONS TO SUPPORT THE AIP PHYSICS PROGRAM AREAS RELATED TO THE NIELS BOHR LIBRARY AND ARCHIVES, THE CENTER FOR THE HISTORY OF PHYSICS, SOCIETY OF PHYSICS STUDENTS, SIGMA PI SIGMA AND DIVERSITY, EQUITY AND INCLUSION INITIATIVES.

    Expenses $2,126,866

  • SOCIETY OF PHYSICS STUDENTS AND SIGMA PI SIGMA THE SOCIETY OF PHYSICS STUDENTS (SPS) IS A SCIENTIFIC SOCIETY FOR PHYSICS AND ASTRONOMY UNDERGRADUATES AND THEIR MENTORS, WITH MORE THAN 6,400 MEMBERS AND 900 SPS CHAPTERS NATIONWIDE AND 36 INTERNATIONAL CHAPTERS. SPS EXISTS TO SUPPORT UNDERGRADUATE STUDENTS WITH AN INTEREST IN PHYSICS, PHYSICS AND ASTRONOMY DEPARTMENTS, AND THE BROADER COMMUNITY. SIGMA PI SIGMA, THE PHYSICS AND ASTRONOMY HONOR SOCIETY, RECOGNIZES OUTSTANDING SCHOLARS IN PHYSICS AND ASTRONOMY, ENCOURAGES INTEREST IN THE FIELD, AND PROMOTES AN ATTITUDE OF SERVICE AMONG ITS OVER 80,000 MEMBERS AND 591 CHAPTERS TOWARDS THE ENTIRE PHYSICS COMMUNITY AND THE PUBLIC. A PRIMARY MISSION OF SIGMA PI SIGMA IS TO SUPPORT PHYSICISTS, UNDERGRADUATE DEPARTMENTS, AND ALUMNI BY IMPROVING DEPARTMENT HEALTH. THE SOCIETY OF PHYSICS STUDENTS AND SIGMA PI SIGMA PROVIDE ENRICHING EXPERIENCES FOR STUDENTS INTERESTED IN THE PHYSICAL SCIENCES AND ASTRONOMY THROUGH CHAPTER, MEMBER, AND STUDENT PROGRAMS - OPPORTUNITIES THAT PROMOTE THE PROFESSIONAL DEVELOPMENT OF THE UNDERGRADUATE PHYSICS AND ASTRONOMY STUDENT.

  • CENTER FOR HISTORY OF PHYSICS (CHP) AND THE NIELS BOHR LIBRARY & ARCHIVES. THE HISTORY PROGRAMS OF THE AMERICAN INSTITUTE OF PHYSICS ENSURE THAT THE HERITAGE OF THE PHYSICAL SCIENCES IS SAFEGUARDED AND THAT THE PUBLIC CAN UNDERSTAND HOW THE PHYSICAL SCIENCES HAVE BEEN CENTRAL TO THE HISTORY OF THE MODERN WORLD. THE HISTORY OF THE PHYSICAL SCIENCES OFFERS A RICH FRAMEWORK OF EXCITING PAST ACHIEVEMENTS AND VALUABLE GUIDANCE FOR CURRENT AND FUTURE GENERATIONS. "TO PRESERVE AND MAKE KNOWN THE HISTORY OF THE PHYSICAL SCIENCES" IS THE MISSION SHARED BY CHP AND THE NIELS BOHR LIBRARY & ARCHIVES. THE CORE ACTIVITIES OF CHP INCLUDE LOCATING AND PRESERVING PRIMARY SOURCE MATERIAL, SUPPORTING THE PRODUCTION OF HISTORY OF THE PHYSICAL SCIENCES, AND BRINGING THIS HISTORY TO A WIDE AUDIENCE. WE HELP WITH SOURCES MAINLY IN COLLABORATION WITH NBL&A AND THROUGH ORAL HISTORY INTERVIEWING, AN IMMEDIATE AND PERSONAL TESTIMONY TO SCIENCE IN PASSING GENERATIONS. WE SUPPORT HISTORICAL WRITING THROUGH GRANTS-IN-AID AND THE HELLEMAN FELLOWSHIPS, AS WELL AS THROUGH THE EARLY CAREERS CONFERENCE AND OUR SUPPORT OF EMERGING SCHOLARS. WE SUPPORT EDUCATION AND ENGAGEMENT ABOUT THE HISTORY OF THE PHYSICAL SCIENCES THROUGH OUR TEACHING GUIDES AND HISTORY OF SCIENCE WEB EXHIBITS. CHP ALSO SPONSORS PUBLIC LECTURE SERIES, THE LYNE STARLING TRIMBLE SCIENCE HERITAGE PUBLIC LECTURES. THE CENTER FOR HISTORY OF PHYSICS ENVISIONS AN EVEN MORE ACTIVE RESEARCH INSTITUTE IN THE FUTURE, WITH A MORE VIBRANT COMMUNITY OF HISTORIANS AND OTHER SCHOLARS, ALL WORKING TO BRING A GREATER UNDERSTANDING OF THE PHYSICAL SCIENCES TO K-12 SCHOOL AUDIENCES AND THE BROADER PUBLIC. THE NIELS BOHR LIBRARY & ARCHIVES (NBL&A) DOCUMENTS THE HISTORY OF AIP AND OTHER SCIENTIFIC INSTITUTIONS BY COLLECTING INSTITUTIONAL RECORDS AND OTHER PRIMARY RESOURCES THAT DETAIL THE ACTIVITIES OF THE ORGANIZATIONS AND HIGHLIGHT THE ROLES THAT THESE INSTITUTIONS PLAY IN THE WORLD AT LARGE, CAPTURING HOW SCIENTIFIC INSTITUTIONS PARTICIPATE IN GLOBAL MOVEMENTS LIKE SOCIAL INJUSTICE, INCLUSION, GLOBAL WARMING, AND PANDEMIC RESPONSE. THE NBL&A ALSO PRESERVES ORAL HISTORY INTERVIEWS, PHOTOGRAPHS AND MEDIA, BOOKS, JOURNALS, AND OTHER PUBLISHED MATERIALS PERTAINING TO THE HISTORY OF THE PHYSICAL SCIENCES. IN RECENT YEARS, THE NBL&A HAS BROADENED THE SCOPE OF THE COLLECTIONS TO INCLUDE OLDER MATERIALS AND RARE BOOKS, DATING BACK TO THE 16TH AND 17TH CENTURIES, IN TOPICS THAT FORM THE FOUNDATIONS OF MODERN SCIENCE. LOOKING TO THE FUTURE, THE NBL&A STRIVES TO SERVE AND CONNECT WITH OUR RESEARCH COMMUNITY THROUGH INCREASED OUTREACH AND PROMOTION OF OUR RESOURCES AND GLOBAL ACCESS TO OUR COLLECTIONS THROUGH STRATEGIC DIGITIZATION AND REMOTE ACCESS TO SELECTED MATERIALS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Moloney

    CEO, AIP

    Total calculated
    $668,496
    From this org
    $0
    From related orgs
    $614,637
    Other
    $53,859
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $490,299 related
    Bonus
    $0 + $91,172 related
    Other
    $0 + $33,166 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $20,859 related
    Filer's total
    $0 + $668,496 related

  • Catherine Swartz

    CFO, AIP

    Total calculated
    $480,111
    From this org
    $0
    From related orgs
    $426,276
    Other
    $53,835
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,437 related
    Bonus
    $0 + $72,084 related
    Other
    $0 + $16,755 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $20,835 related
    Filer's total
    $0 + $480,111 related

  • Anna Lee

    Executive Director

    Total calculated
    $206,269
    From this org
    $0
    From related orgs
    $179,806
    Other
    $26,463
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,114 related
    Bonus
    $0
    Other
    $0 + $4,692 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,463 related
    Filer's total
    $0 + $206,269 related

  • Melissa Perry

    Secretary

    Total calculated
    $157,925
    From this org
    $0
    From related orgs
    $133,530
    Other
    $24,395
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,865 related
    Bonus
    $0
    Other
    $0 + $3,665 related
    Deferred
    $0 + $13,930 related
    Nontaxable benefits
    $0 + $10,465 related
    Filer's total
    $0 + $157,925 related

  • Susan Avery

    Treasurer

    Total calculated
    $30,000
    From this org
    $0
    From related orgs
    $30,000
    Other
    $0
    Hours/week
    8

  • France Cordova

    Chair

    Total calculated
    $0
    Hours/week
    8

  • Vinton Cerf

    Director

    Total calculated
    $0
    Hours/week
    4

  • Sandeep Giri

    Director

    Total calculated
    $0
    Hours/week
    4

  • Nancy Greenspan

    Director

    Total calculated
    $0
    Hours/week
    4

  • John Mather

    Director

    Total calculated
    $0
    Hours/week
    4

  • Julia Phillips

    Director

    Total calculated
    $0
    Hours/week
    4

  • Vanessa Ellerbe Wyche

    Director

    Total calculated
    $0
    Hours/week
    4

  • Anneila Sargent

    Director

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 October 2024
IRS schema version
2023v5.1
Source object
202412849349301326

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