Skip to content
Nonprofiteer
← NATIONAL ACADEMY OF SCIENCES

Form 990 for tax year 2024

Filed by NATIONAL ACADEMY OF SCIENCES.

Totals

Total revenue
$361,712,009
Total expenses
$378,834,923
Contributions and grants received
$277,342,249
Grants paid
$67,034,941
Program service revenue
$10,030,335
Investment income
$70,195,087
Other revenue
$4,144,338
Total assets, end of year
$1,593,716,208
Total liabilities, end of year
$251,748,861
Net assets or fund balances, end of year
$1,341,967,347
Program services expenses (Part IX)
$300,637,047
Management and general expenses
$73,811,380
Fundraising expenses
$4,386,496
Program service expenses (Part III)
$300,637,047

Program services were 79.4% 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.

  • 1b · Membership dues

    $2,370,671

  • 1d · Related organizations

    $6,384,696

  • 1e · Government grants (contributions)

    $205,077,763

  • 1f · All other contributions, gifts and grants

    $63,509,119

  • 1g · Noncash contributions included above

    $530,048

  • 2a · Program service revenue: ANNUAL MTG./REG. FEES

    total $10,030,335 · related or exempt $10,030,335

  • 3 · Investment income

    total $16,450,607 · unrelated business $487,667 · excluded $15,962,940

  • 5 · Royalties

    total $1,999,676 · excluded $1,999,676

  • 6a · Gross rents

    real property $461,660

  • 6b · Less rental expenses

    real property $461,660

  • 6c · Rental income or loss

    real property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $378,220,969

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

    securities $324,476,489

  • 7c · Gain or loss

    securities $53,744,480

  • 7d · Net gain or loss

    total $53,744,480 · excluded $53,744,480

  • 10a · Gross sales of inventory

    $17,133,896

  • 10b · Cost of goods sold

    $16,326,375

  • 10c · Net income from sales of inventory

    total $807,521 · related or exempt $807,521

  • 11a · Other revenue: FOOD SERVICE REVENUE

    total $727,216 · excluded $727,216

  • 11b · Other revenue: PARKING REIMBURSEMENT

    total $282,510 · excluded $282,510

  • 11c · Other revenue: ADVERTISING

    total $69,246 · unrelated business $69,246

  • 11d · All other revenue

    total $258,169 · unrelated business $8,407 · excluded $249,762

  • 11e · Other revenue, total

    $1,337,141

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,105,536 · program services $32,105,536

  • 2 · Grants to domestic individuals

    total $32,061,403 · program services $32,061,403

  • 3 · Grants to foreign organizations and individuals

    total $2,868,002 · program services $2,868,002

  • 5 · Compensation of officers, directors and key employees

    total $6,372,396 · management and general $6,372,396

  • 7 · Other salaries and wages

    total $125,762,258 · program services $96,543,486 · management and general $26,573,639 · fundraising $2,645,133

  • 8 · Pension plan contributions

    total $15,591,929 · program services $11,603,729 · management and general $3,659,691 · fundraising $328,509

  • 9 · Other employee benefits

    total $14,176,322 · program services $12,437,738 · management and general $1,441,644 · fundraising $296,940

  • 10 · Payroll taxes

    total $10,370,496 · program services $7,613,060 · management and general $2,541,921 · fundraising $215,515

  • 11b · Fees: legal

    total $1,311,829 · program services $26,667 · management and general $1,284,407 · fundraising $755

  • 11c · Fees: accounting

    total $673,434 · program services $12,850 · management and general $660,220 · fundraising $364

  • 11e · Fees: professional fundraising services

    total $34,783 · fundraising $34,783

  • 11f · Fees: investment management

    total $3,289,442 · management and general $3,289,442

  • 11g · Fees: other

    total $20,428,079 · program services $14,494,534 · management and general $5,819,145 · fundraising $114,400

  • 12 · Advertising and promotion

    total $536,586 · program services $338,534 · management and general $174,649 · fundraising $23,403

  • 13 · Office expenses

    total $2,527,070 · program services $1,561,023 · management and general $914,965 · fundraising $51,082

  • 14 · Information technology

    total $6,664,749 · program services $4,467,265 · management and general $1,997,092 · fundraising $200,392

  • 15 · Royalties

    total $18 · fundraising $18

  • 16 · Occupancy

    total $7,490,567 · program services $5,354,591 · management and general $2,072,508 · fundraising $63,468

  • 17 · Travel

    total $17,299,277 · program services $15,882,442 · management and general $1,304,159 · fundraising $112,676

  • 18 · Travel or entertainment for public officials

    total $15,860 · program services $15,860

  • 19 · Conferences, conventions and meetings

    total $8,841,713 · program services $6,067,758 · management and general $2,622,366 · fundraising $151,589

  • 20 · Interest

    total $7,059,566 · management and general $7,059,566

  • 22 · Depreciation, depletion and amortization

    total $8,329,332 · program services $5,995,743 · management and general $2,262,842 · fundraising $70,747

  • 23 · Insurance

    total $1,339,924 · program services $262,204 · management and general $1,077,625 · fundraising $95

  • 24a · Other expenses: SUBCONTRACTS

    total $45,031,976 · program services $44,886,940 · management and general $144,836 · fundraising $200

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $6,072,475 · program services $5,302,522 · management and general $693,526 · fundraising $76,427

  • 24c · Other expenses: MISCELLANEOUS

    total $2,579,901 · program services $735,160 · management and general $1,844,741

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,525,025 · end of year $5,857,704

  • 2 · Savings and temporary cash investments

    beginning of year $7,541,241 · end of year $7,686,745

  • 3 · Pledges and grants receivable

    beginning of year $20,974,921 · end of year $16,322,734

  • 4 · Accounts receivable

    beginning of year $84,425,997 · end of year $77,549,161

  • 8 · Inventories for sale or use

    beginning of year $535,021 · end of year $148,355

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,008,695 · end of year $9,703,156

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

    $243,894,724

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

    $120,046,939

  • 10c · Land, buildings and equipment, net

    beginning of year $128,118,187 · end of year $123,847,785

  • 11 · Investments: publicly traded securities

    beginning of year $617,141,339 · end of year $637,909,485

  • 12 · Investments: other securities

    beginning of year $616,027,953 · end of year $675,087,547

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $33,255,362 · end of year $39,603,536

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,757,236 · end of year $36,288,442

  • 19 · Deferred revenue

    beginning of year $70,105,727 · end of year $56,540,751

  • 20 · Tax-exempt bond liabilities

    beginning of year $134,816,800 · end of year $129,881,009

  • 25 · Other liabilities

    beginning of year $25,256,173 · end of year $29,038,659

  • 27 · Net assets without donor restrictions

    beginning of year $181,148,963 · end of year $199,483,990

  • 28 · Net assets with donor restrictions

    beginning of year $1,115,468,842 · end of year $1,142,483,357

Mission and programs · 2024

Mission

THE NATIONAL ACADEMY OF SCIENCES WAS FORMED UNDER A CHARTER PASSED AS AN ACT OF INCORPORATION BY THE UNITED STATES CONGRESS AND SIGNED INTO LAW ON MARCH 3, 1863. NAS OPERATES AS A PRIVATE MEMBERSHIP ORGANIZATIONOF DISTINGUISHED SCHOLARS ENGAGED IN SCIENTIFIC, ENGINEERING, OR MEDICAL RESEARCH. NAS IS DEDICATED TO THE FURTHERANCE OF SCIENCE FOR THE GENERAL WELFARE. NAS PROVIDES ADVICE AND OTHER SERVICES TO THE U.S. GOVERNMENT AND OTHER PRIVATE SPONSORS. THE NAS IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR UNRELATED BUSINESS INCOME.

Activities or mission (Part I)

THE NATIONAL ACADEMY OF SCIENCES (NAS) IS DEDICATED TO THE FURTHERANCE OF SCIENCE AND ITS USE FOR THE GENERAL WELFARE.

  • PERFORMANCE IN CONNECTION WITH CONTRACTS AND GRANTS WITH THE U.S. GOVERNMENT IN ACCORDANCE WITH THE NATIONAL ACADEMY OF SCIENCES' CONGRESSIONAL CHARTER.

    Expenses $191,842,883 · Grants $19,451,989

  • STUDIES, PROJECTS AND OTHER SERVICES IN CONNECTION WITH PRIVATE GRANTS AND OTHER ARRANGEMENTS EXCLUSIVE OF WORK FUNDED BY THE U.S. GOVERNMENT.

    Expenses $100,111,627 · Grants $45,993,206 · Revenue $10,541,603

  • ENDOWMENT AND TRUST ACTIVITIES REPRESENTING SCIENTIFIC PRIZES, AWARDS, AND SUPPORT OF RESEARCH.

    Expenses $8,682,537 · Grants $1,589,746 · Revenue $296,253

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcia McNutt

    PRESIDENT

    Total calculated
    $1,188,162
    From this org
    $1,089,403
    From related orgs
    $0
    Other
    $98,759
    Hours/week
    37.5 + 2 related

    Schedule J breakdown matched by us

    Base
    $836,443
    Bonus
    $0
    Other
    $252,960
    Deferred
    $64,250
    Nontaxable benefits
    $34,509
    Filer's total
    $1,188,162

  • Diane E Griffin

    VICE PRESIDENT (END 10/28/24)

    Total calculated
    $0
    Hours/week
    19

  • Susan Wessler

    VICE PRESIDENT (BEG 12/1/24)

    Total calculated
    $0
    Hours/week
    19

  • Nancy C Andrews

    HOME SECRETARY

    Total calculated
    $0
    Hours/week
    19

  • John G Hildebrand

    INTERNATIONAL SECRETARY

    Total calculated
    $0
    Hours/week
    19

  • William H Press

    TREASURER

    Total calculated
    $0
    Hours/week
    19 + 1 related

  • Huda Akil

    NAS COUNCIL MEMBER (END 6/30/24)

    Total calculated
    $37,500
    From this org
    $37,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • John C Boothroyd

    NAS COUNCIL MEMBER (END 6/30/24)

    Total calculated
    $0
    Hours/week
    4

  • Wendy L Freedman

    NAS COUNCIL MEMBER (BEG 7/1/24)

    Total calculated
    $0
    Hours/week
    4

  • Katherine H Freeman

    NAS COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Susan Gelman

    NAS COUNCIL MEMBER (BEG 7/1/24)

    Total calculated
    $0
    Hours/week
    4

  • Angela M Gronenborn

    NAS COUNCIL MEMBER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Mary Lou Guerinot

    NAS COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Brigid Lm Hogan

    NAS COUNCIL MEMBER (BEG 7/1/24)

    Total calculated
    $0
    Hours/week
    4

  • Andrea J Liu

    NAS COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    4

  • David J Meltzer

    NAS COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Carol L Prives

    NAS COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Kenneth A Ribet

    NAS COUNCIL MEMBER (END 6/30/24)

    Total calculated
    $0
    Hours/week
    4

  • Gene E Robinson

    NAS COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Karen C Seto

    NAS COUNCIL MEMBER (BEG 7/1/24)

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Michael S Witherell

    NAS COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Hao Wu

    NAS COUNCIL MEMBER (END 6/30/24)

    Total calculated
    $0
    Hours/week
    4

  • John Anderson

    PRESIDENT - NAE

    Total calculated
    $1,160,700
    From this org
    $1,062,641
    From related orgs
    $0
    Other
    $98,059
    Hours/week
    37.5 + 2 related

    Schedule J breakdown matched by us

    Base
    $813,493
    Bonus
    $0
    Other
    $249,148
    Deferred
    $64,250
    Nontaxable benefits
    $33,809
    Filer's total
    $1,160,700

  • Victor Dzau

    PRESIDENT - NAM

    Total calculated
    $1,160,678
    From this org
    $1,065,629
    From related orgs
    $0
    Other
    $95,049
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $816,484
    Bonus
    $0
    Other
    $249,145
    Deferred
    $64,250
    Nontaxable benefits
    $30,799
    Filer's total
    $1,160,678

  • Gregory Symmes

    CHIEF PROG OFF/INT COO(BEG 2/14/24)

    Total calculated
    $538,330
    From this org
    $438,532
    From related orgs
    $0
    Other
    $99,798
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $395,246
    Bonus
    $0
    Other
    $43,286
    Deferred
    $64,250
    Nontaxable benefits
    $35,548
    Filer's total
    $538,330

  • Lory Wingate

    CHIEF OPERATING OFFICER(END 2/14/24)

    Total calculated
    $400,097
    From this org
    $328,189
    From related orgs
    $0
    Other
    $71,908
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $258,569
    Bonus
    $0
    Other
    $69,620
    Deferred
    $49,073
    Nontaxable benefits
    $22,835
    Filer's total
    $400,097

  • Ebun Johnson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $373,465
    From this org
    $296,016
    From related orgs
    $0
    Other
    $77,449
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $293,326
    Bonus
    $0
    Other
    $2,690
    Deferred
    $41,605
    Nontaxable benefits
    $35,844
    Filer's total
    $373,465

  • Monica Feit

    EXECUTIVE DIRECTOR, HMD

    Total calculated
    $397,849
    From this org
    $294,828
    From related orgs
    $0
    Other
    $103,021
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $291,543
    Bonus
    $0
    Other
    $3,285
    Deferred
    $56,735
    Nontaxable benefits
    $46,286
    Filer's total
    $397,849

  • Vaughan Turekian

    EXECUTIVE DIRECTOR, PGA

    Total calculated
    $384,293
    From this org
    $294,811
    From related orgs
    $0
    Other
    $89,482
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $292,121
    Bonus
    $0
    Other
    $2,690
    Deferred
    $41,782
    Nontaxable benefits
    $47,700
    Filer's total
    $384,293

  • Victoria Sheehan

    EXECUTIVE DIRECTOR, TRB

    Total calculated
    $361,082
    From this org
    $279,006
    From related orgs
    $0
    Other
    $82,076
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $276,710
    Bonus
    $0
    Other
    $2,296
    Deferred
    $28,967
    Nontaxable benefits
    $53,109
    Filer's total
    $361,082

  • Lauren Alexander Augustine

    EXECUTIVE DIRECTOR, GULF

    Total calculated
    $407,738
    From this org
    $316,103
    From related orgs
    $0
    Other
    $91,635
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $314,813
    Bonus
    $0
    Other
    $1,290
    Deferred
    $51,677
    Nontaxable benefits
    $39,958
    Filer's total
    $407,738

  • Audrey Mosley

    GENERAL COUNSEL

    Total calculated
    $467,763
    From this org
    $391,004
    From related orgs
    $0
    Other
    $76,759
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $378,301
    Bonus
    $0
    Other
    $12,703
    Deferred
    $64,250
    Nontaxable benefits
    $12,509
    Filer's total
    $467,763

  • Alton Romig

    NAE EXECUTIVE OFFICER

    Total calculated
    $449,790
    From this org
    $350,852
    From related orgs
    $0
    Other
    $98,938
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $308,045
    Bonus
    $12,206
    Other
    $30,601
    Deferred
    $64,250
    Nontaxable benefits
    $34,688
    Filer's total
    $449,790

  • David May

    CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $447,424
    From this org
    $336,181
    From related orgs
    $0
    Other
    $111,243
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $330,371
    Bonus
    $0
    Other
    $5,810
    Deferred
    $63,946
    Nontaxable benefits
    $47,297
    Filer's total
    $447,424

  • Kenneth Fulton

    NAS EXECUTIVE DIRECTOR

    Total calculated
    $423,588
    From this org
    $342,458
    From related orgs
    $0
    Other
    $81,130
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $338,357
    Bonus
    $0
    Other
    $4,101
    Deferred
    $63,946
    Nontaxable benefits
    $17,184
    Filer's total
    $423,588

  • Laura Castillo-Page

    CHIEF DIVERSITY & INCLUSION OFFICER

    Total calculated
    $421,543
    From this org
    $335,527
    From related orgs
    $0
    Other
    $86,016
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $334,837
    Bonus
    $0
    Other
    $690
    Deferred
    $46,776
    Nontaxable benefits
    $39,240
    Filer's total
    $421,543

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

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HOUSING ALLOWANCE THE PRESIDENT OF THE NATIONAL ACADEMY OF SCIENCES, THE NATIONAL ACADEMY OF MEDICINE (NAM), AND THE NATIONAL ACADEMY OF ENGINEERING (NAE) EACH RECEIVED A SUPPLEMENT TO SALARY FOR THE COST OF RENTAL HOUSING IN THE WASHINGTON, DC AREA FOR PERSONAL USE AND TRAVEL EXPENSES. THE ALLOWANCE IS REPORTED AS TAXABLE INCOME ON FORM W-2. TRAVEL FOR COMPANIONS NAS PROCEDURES PROVIDE FOR REIMBURSEMENT OF TRAVEL EXPENSES FOR THE SPOUSES OF THE PRESIDENTS OF NAS, NAE, AND NAM SOLELY IN CIRCUMSTANCES IN WHICH THE SPOUSE'S PRESENCE SERVES A BONA FIDE BUSINESS PURPOSE OF THE ORGANIZATION AND THE EXPENSES HAVE BEEN PROPERLY SUBSTANTIATED. TRAVEL EXPENSES ARE REVIEWED EACH YEAR THROUGH A SURVEY OF THE EXECUTIVE OFFICES OF THE PRESIDENTS. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS NAS PROVIDES TAX EQUALIZATION PAYMENTS FOR EMPLOYEES ON INTERNATIONAL ASSIGNMENT IN JAPAN GREATER THAN SIX MONTHS. THE OBJECTIVE OF THE NAS TAX EQUALIZATION GUIDELINES IS TO EQUALIZE THE TAX BURDEN OF EMPLOYEES ASSIGNED TO JAPAN. PART-TIME OFFICERS' COMPENSATION FOR THE VICE PRESIDENT, TREASURER, INTERNATIONAL SECRETARY AND HOME SECRETARY, TIME ESTIMATES ARE BASED ON A PERCENTAGE LEVEL OF EFFORT, WHICH RANGES BETWEEN 25% AND 50%. NAS REIMBURSES EACH PART-TIME OFFICER'S HOME INSTITUTION FOR THE APPLICABLE PERCENTAGE OF SALARY PAID BY THE HOME INSTITUTION.
PART I, LINE 7
NON-FIXED PAYMENTS ONE EMPLOYEE OF NAS RECEIVED A LUMP-SUM MERIT AWARD. MERIT AWARDS ARE DETERMINED BY A NUMBER OF VARIABLES INCLUDING BUT NOT LIMITED TO INDIVIDUAL PERFORMANCE AS WELL AS OPERATIONAL ACHIEVEMENTS. MERIT AWARD PAYMENTS ARE REPORTED IN PART II, COLUMN B(II).

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202533169349305973

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.