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Nonprofiteer
← ITHAKA HARBORS INC

Form 990 for tax year 2022

Filed by ITHAKA HARBORS INC.

Totals

Total revenue
$115,151,783
Total expenses
$107,198,611
Contributions and grants received
$6,513,946
Grants paid
$0
Program service revenue
$96,904,789
Investment income
$11,969,712
Other revenue
-$236,664
Total assets, end of year
$306,195,341
Total liabilities, end of year
$170,308,421
Net assets or fund balances, end of year
$135,886,920
Program services expenses (Part IX)
$97,295,549
Management and general expenses
$9,401,510
Fundraising expenses
$501,552
Program service expenses (Part III)
$97,295,549

Program services were 90.8% 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.

  • 1e · Government grants (contributions)

    $115,972

  • 1f · All other contributions, gifts and grants

    $6,397,974

  • 2a · Program service revenue: JSTOR

    total $87,979,803 · related or exempt $87,979,803

  • 2b · Program service revenue: PORTICO

    total $6,120,153 · related or exempt $6,120,153

  • 2c · Program service revenue: ITHAKA S+R

    total $2,804,833 · related or exempt $2,804,833

  • 3 · Investment income

    total $12,813,195 · excluded $12,813,195

  • 7a · Gross sales of assets other than inventory

    securities $13,140,289

  • 7b · Less cost or other basis and sales expenses

    securities $13,831,805 · other assets $151,967

  • 7c · Gain or loss

    securities -$691,516 · other assets -$151,967

  • 7d · Net gain or loss

    total -$843,483 · excluded -$843,483

  • 11a · Other revenue: OTHER INCOME

    total $17,395 · related or exempt $17,395

  • 11b · Other revenue: CURRENCY EXCHANGE LOSS

    total -$254,059 · excluded -$254,059

  • 11e · Other revenue, total

    -$236,664

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $4,521,468 · program services $4,186,251 · management and general $220,120 · fundraising $115,097

  • 7 · Other salaries and wages

    total $39,279,842 · program services $34,926,265 · management and general $4,099,886 · fundraising $253,691

  • 8 · Pension plan contributions

    total $4,235,380 · program services $3,798,646 · management and general $397,201 · fundraising $39,533

  • 9 · Other employee benefits

    total $7,049,844 · program services $6,454,366 · management and general $529,675 · fundraising $65,803

  • 10 · Payroll taxes

    total $2,938,544 · program services $2,595,138 · management and general $315,978 · fundraising $27,428

  • 11b · Fees: legal

    total $217,074 · program services $217,074

  • 11c · Fees: accounting

    total $142,537 · management and general $142,537

  • 11g · Fees: other

    total $7,717,167 · program services $6,135,360 · management and general $1,581,807

  • 12 · Advertising and promotion

    total $39,749 · program services $37,422 · management and general $2,327

  • 13 · Office expenses

    total $336,015 · program services $188,784 · management and general $147,231

  • 14 · Information technology

    total $9,497,335 · program services $9,191,894 · management and general $305,441

  • 16 · Occupancy

    total $4,472,873 · program services $3,846,808 · management and general $626,065

  • 17 · Travel

    total $1,022,954 · program services $892,622 · management and general $130,332

  • 19 · Conferences, conventions and meetings

    total $121,252 · program services $121,252

  • 22 · Depreciation, depletion and amortization

    total $2,498,483 · program services $2,467,931 · management and general $30,552

  • 23 · Insurance

    total $353,193 · management and general $353,193

  • 24a · Other expenses: FEES & PUBLISHER PMTS

    total $19,053,796 · program services $19,049,477 · management and general $4,319

  • 24b · Other expenses: AQUISITIONS/SCANNING

    total $1,801,473 · program services $1,801,156 · management and general $317

  • 24c · Other expenses: COMMISSIONS

    total $1,119,383 · program services $1,119,383

  • 24e · All other expenses

    total $780,249 · program services $265,720 · management and general $514,529

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165 · end of year $165

  • 2 · Savings and temporary cash investments

    beginning of year $26,314,123 · end of year $29,289,084

  • 3 · Pledges and grants receivable

    beginning of year $2,663,198 · end of year $4,689,560

  • 4 · Accounts receivable

    beginning of year $7,086,122 · end of year $3,918,330

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,719,487 · end of year $3,854,349

  • 10a · Land, buildings and equipment: cost or other basis

    $25,438,737

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,619,298

  • 10c · Land, buildings and equipment, net

    beginning of year $2,389,474 · end of year $1,819,439

  • 12 · Investments: other securities

    beginning of year $279,047,613 · end of year $241,200,517

  • 15 · Other assets

    beginning of year $8,513,554 · end of year $21,423,897

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,390,299 · end of year $26,914,039

  • 19 · Deferred revenue

    beginning of year $113,022,942 · end of year $126,495,359

  • 25 · Other liabilities

    beginning of year $641,652 · end of year $16,899,023

  • 27 · Net assets without donor restrictions

    beginning of year $183,930,545 · end of year $128,017,451

  • 28 · Net assets with donor restrictions

    beginning of year $4,748,298 · end of year $7,869,469

Mission and programs · 2022

Mission

SEE SCHEDULE OITHAKA HARBORS INC.'S MISSION IS TO IMPROVE ACCESS TO KNOWLEDGE AND EDUCATION FOR PEOPLE AROUND THE WORLD. WE BELIEVE EDUCATION IS KEY TO THE WELL-BEING OF INDIVIDUALS AND SOCIETY. THROUGH OUR WORK, WE MAKE HIGHER EDUCATION AND ACCESS TO KNOWLEDGE MORE AFFORDABLE, IMPROVE OUTCOMES FOR STUDENTS AND RESEARCHERS, AND PRESERVE KNOWLEDGE FOR FUTURE GENERATIONS. OUR SERVICES INCLUDE: ITHAKA S+R, JSTOR, AND PORTICO.

Activities or mission (Part I)

TO IMPROVE ACCESS TO KNOWLEDGE AND EDUCATION FOR PEOPLE AROUND THE WORLD.

  • JSTOR - SEE SCHEDULE OJSTOR PROVIDES A PLATFORM FOR DISCOVERING AND CONNECTING RESEARCH, IMAGES, AND PRIMARY SOURCES. WE COLLABORATE WITH LIBRARIES, MUSEUMS, AND PUBLISHERS TO REDUCE COSTS, EXTEND ACCESS, AND PRESERVE SCHOLARSHIP FOR THE FUTURE. JSTOR INCLUDES CONTENT FROM OVER 2,000 ORGANIZATIONS AND SERVES 13,000+ UNIVERSITIES, SCHOOLS, AND INSTITUTIONS IN 176 NATIONS. IN ADDITION TO PROGRAM SERVICE REVENUE OF $87,979,803 REPORTED IN PART III, LINE 4A, ITHAKA RECEIVED GRANT REVENUE OF $660,531 ALLOCABLE TO JSTOR REPORTED ON PART VIII LINE 1F.

    Expenses $85,104,586 · Revenue $87,979,803

  • PORTICO - SEE SCHEDULE OPORTICO IS A COMMUNITY-SUPPORTED PRESERVATION ARCHIVE THAT SAFEGUARDS ACCESS TO E-JOURNALS, E-BOOKS, AND DIGITAL COLLECTIONS. OUR UNIQUE, TRUSTED PROCESS ENSURES THAT THE CONTENT WE PRESERVE WILL REMAIN ACCESSIBLE AND USABLE FOR RESEARCHERS, SCHOLARS, AND STUDENTS IN THE FUTURE. PORTICO INCLUDES: 100+ MILLION ITEMS; 32,000+ E-JOURNALS PRESERVED; 1.4+ MILLION E-BOOKS PRESERVED; 1,000+ PUBLISHERS AND 1,200+ PARTICIPATING LIBRARIES. IN ADDITION TO PROGRAM SERVICE REVENUE OF $6,120,153 REPORTED IN PART III, LINE 4B, ITHAKA RECEIVED GRANT REVENUE OF $98,976 ALLOCABLE TO PORTICO REPORTED ON PART VIII LINE 1F.

    Expenses $6,005,711 · Revenue $6,120,153

  • ITHAKA S+R - SEE SCHEDULE OITHAKA S+R PROVIDES COLLABORATIVE STRATEGIES AND RESEARCH FOR HIGHER EDUCATION AND THE ARTS. WE COLLABORATE WITH FOUNDATIONS, CONSORTIA, AND INDIVIDUAL INSTITUTIONS TO SEEK SOLUTIONS AND INFORM POLICIES IN A RAPIDLY CHANGING ENVIRONMENT. WE GENERATE ACTION-ORIENTED RESEARCH FOR INSTITUTIONAL DECISION-MAKING AND ACT AS A HUB TO PROMOTE AND GUIDE COLLABORATION ACROSS THE COMMUNITIES WE SERVE. WORKING WITH THESE CONSTITUENTS, WE DESIGN AND EVALUATE PROJECTS THAT MAKE HIGHER EDUCATION, SCHOLARLY COMMUNICATION, AND CULTURAL COLLECTIONS MORE ACCESSIBLE TO DIVERSE POPULATIONS. OUR EXTENSIVE, FREELY ACCESSIBLE LIBRARY INCLUDES 200+ RESEARCH REPORTS AND ISSUE BRIEFS, AND 500+ BLOG POSTS. IN ADDITION TO PROGRAM SERVICE REVENUE OF $2,804,833 REPORTED ABOVE, ITHAKA RECEIVED GRANT REVENUE OF $5,754,439 ALLOCABLE TO ITHAKA S+R REPORTED ON PART VIII LINES 1E AND 1F.

    Expenses $6,185,252 · Revenue $2,804,833

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barbara Rockenbach

    TRUSTEE

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Martha E Pollack

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Claudia V Schrader

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Peter J Dougherty

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sylvester A Johnson

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Curtis L Kendrick

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Steven G Poskanzer

    ITHAKA CHAIR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jeffrey A Sine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Herbert S Winokur Jr

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rebecca Blank

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ira Fuchs Thru 62022

    TRUSTEE

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Susan Gibbons Thru 62022

    TRUSTEE

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Schill Thru 62022

    TRUSTEE

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kevin Guthrie

    TRUSTEE & PRESIDENT

    Total calculated
    $671,877
    From this org
    $615,533
    From related orgs
    $0
    Other
    $56,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $605,533
    Bonus
    $10,000
    Other
    $0
    Deferred
    $29,000
    Nontaxable benefits
    $27,344
    Filer's total
    $671,877

  • Gerard Aurigemma

    CHIEF FINANCIAL OFFICER & TREASURER

    Total calculated
    $351,244
    From this org
    $294,564
    From related orgs
    $0
    Other
    $56,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,564
    Bonus
    $0
    Other
    $0
    Deferred
    $29,000
    Nontaxable benefits
    $27,680
    Filer's total
    $351,244

  • Catharine B Hill

    MANAGING DIRECTOR, ITHAKA S+R

    Total calculated
    $381,969
    From this org
    $334,564
    From related orgs
    $0
    Other
    $47,405
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $334,564
    Bonus
    $0
    Other
    $0
    Deferred
    $29,000
    Nontaxable benefits
    $18,405
    Filer's total
    $381,969

  • Kate Wittenberg

    MANAGING DIRECTOR, PORTICO

    Total calculated
    $325,157
    From this org
    $278,748
    From related orgs
    $0
    Other
    $46,409
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,748
    Bonus
    $0
    Other
    $0
    Deferred
    $27,695
    Nontaxable benefits
    $18,714
    Filer's total
    $325,157

  • Nancy Kopans

    VP, GENERAL COUNSEL & SECRETARY

    Total calculated
    $385,578
    From this org
    $339,712
    From related orgs
    $0
    Other
    $45,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,712
    Bonus
    $6,000
    Other
    $0
    Deferred
    $29,000
    Nontaxable benefits
    $16,866
    Filer's total
    $385,578

  • Debora Barrett

    VP, WORK LIFE & CULTURE

    Total calculated
    $260,999
    From this org
    $220,120
    From related orgs
    $0
    Other
    $40,879
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,120
    Bonus
    $0
    Other
    $0
    Deferred
    $22,165
    Nontaxable benefits
    $18,714
    Filer's total
    $260,999

  • Rebecca Seger

    VP, INSTITUTIONAL PARTICIPATION

    Total calculated
    $500,732
    From this org
    $444,052
    From related orgs
    $0
    Other
    $56,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,076
    Bonus
    $85,976
    Other
    $0
    Deferred
    $29,000
    Nontaxable benefits
    $27,680
    Filer's total
    $500,732

  • Robert Heterick

    SR VP, OPEN COLLECTIONS

    Total calculated
    $384,250
    From this org
    $327,906
    From related orgs
    $0
    Other
    $56,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,906
    Bonus
    $0
    Other
    $24,000
    Deferred
    $29,000
    Nontaxable benefits
    $27,344
    Filer's total
    $384,250

  • Matt S Macqueen

    VP, PRODUCT & DESIGN

    Total calculated
    $359,022
    From this org
    $302,678
    From related orgs
    $0
    Other
    $56,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,643
    Bonus
    $0
    Other
    $35
    Deferred
    $29,000
    Nontaxable benefits
    $27,344
    Filer's total
    $359,022

  • Dale L Myers

    VP, PLATFORM ENGINEERING AND OPS

    Total calculated
    $344,753
    From this org
    $297,348
    From related orgs
    $0
    Other
    $47,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,348
    Bonus
    $0
    Other
    $0
    Deferred
    $29,000
    Nontaxable benefits
    $18,405
    Filer's total
    $344,753

  • John Lenahan

    AVP, PUBLISHED CONTENT

    Total calculated
    $339,872
    From this org
    $283,826
    From related orgs
    $0
    Other
    $56,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,826
    Bonus
    $0
    Other
    $0
    Deferred
    $28,366
    Nontaxable benefits
    $27,680
    Filer's total
    $339,872

  • Seymour Douglas

    VP, DATA ANALYTICS

    Total calculated
    $315,153
    From this org
    $270,882
    From related orgs
    $0
    Other
    $44,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,882
    Bonus
    $0
    Other
    $0
    Deferred
    $27,405
    Nontaxable benefits
    $16,866
    Filer's total
    $315,153

  • Jabin White

    VP, CONTENT MANAGEMENT

    Total calculated
    $311,221
    From this org
    $257,867
    From related orgs
    $0
    Other
    $53,354
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,808
    Bonus
    $0
    Other
    $59
    Deferred
    $25,674
    Nontaxable benefits
    $27,680
    Filer's total
    $311,221

  • Heidi Bartolacci

    VP, COMMUNICATIONS

    Total calculated
    $257,172
    From this org
    $208,669
    From related orgs
    $0
    Other
    $48,503
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $208,669
    Bonus
    $0
    Other
    $0
    Deferred
    $20,823
    Nontaxable benefits
    $27,680
    Filer's total
    $257,172

  • Harmony V Faust

    VP, MARKETING

    Total calculated
    $324,638
    From this org
    $270,458
    From related orgs
    $0
    Other
    $54,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,458
    Bonus
    $8,000
    Other
    $0
    Deferred
    $26,500
    Nontaxable benefits
    $27,680
    Filer's total
    $324,638

  • Alex Humphreys

    VP, ITHAKA NEW VENTURES, JSTOR LABS

    Total calculated
    $298,474
    From this org
    $245,623
    From related orgs
    $0
    Other
    $52,851
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,623
    Bonus
    $0
    Other
    $0
    Deferred
    $25,507
    Nontaxable benefits
    $27,344
    Filer's total
    $298,474

  • Martin Kurzweil

    VP, EDUCATIONAL TRANSFORMATION, S+R

    Total calculated
    $292,810
    From this org
    $241,888
    From related orgs
    $0
    Other
    $50,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,888
    Bonus
    $15,000
    Other
    $0
    Deferred
    $23,242
    Nontaxable benefits
    $27,680
    Filer's total
    $292,810

  • Heather Jensen

    DEPUTY GENERAL COUNSEL

    Total calculated
    $249,739
    From this org
    $219,436
    From related orgs
    $0
    Other
    $30,303
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,268
    Bonus
    $7,000
    Other
    $168
    Deferred
    $21,278
    Nontaxable benefits
    $9,025
    Filer's total
    $249,739

  • Roger Schonfeld

    VP, LSCM, S+R

    Total calculated
    $265,174
    From this org
    $214,797
    From related orgs
    $0
    Other
    $50,377
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,672
    Bonus
    $1,000
    Other
    $125
    Deferred
    $23,033
    Nontaxable benefits
    $27,344
    Filer's total
    $265,174

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
ITHAKA HARBORS, INC. MAINTAINS A 457(B) DEFERRED-COMPENSATION PLAN FOR ELIGIBLE EMPLOYEES, AS DESIGNATED AND APPROVED BY ITHAKA HARBORS INC.'S BOARD OF TRUSTEES. UNDER THE TERMS OF THIS PLAN, ELIGIBLE EMPLOYEES MAY MAKE ELECTIVE DEFERRALS UP TO THE MAXIMUM AMOUNT PERMITTED BY LAW. ITHAKA HARBORS, INC. DOES NOT CONTRIBUTE TO THIS PLAN.
PART I, LINE 5
IN ACCORDANCE WITH THEIR APPROVED COMPENSATION PLANS, ITHAKA PROVIDED CONTINGENT PAYMENTS TO ONE KEY EMPLOYEE BASED ON REVENUE EARNED WHEN LICENSES ARE SIGNED BY NEW JSTOR PARTICIPATING INSTITUTIONS.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ITHAKA INTERNATIONAL LLC

    BUSINESS DEVELOPMENT · DE · income $0 · assets $84,057

    Directly controlled by ITHAKA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323189349301522

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