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Nonprofiteer
← BUCKLEY INSTITUTE INC

Form 990 for tax year 2023

Filed by BUCKLEY INSTITUTE INC.

Totals

Total revenue
$2,138,866
Total expenses
$1,604,543
Contributions and grants received
$2,239,688
Grants paid
$52,200
Program service revenue
$14,800
Investment income
$90,487
Other revenue
-$206,109
Total assets, end of year
$3,724,135
Total liabilities, end of year
$39,506
Net assets or fund balances, end of year
$3,684,629
Program services expenses (Part IX)
$1,103,661
Management and general expenses
$221,851
Fundraising expenses
$279,031
Program service expenses (Part III)
$1,103,661

Program services were 68.8% 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.

  • 1c · Fundraising events

    $534,197

  • 1f · All other contributions, gifts and grants

    $1,705,491

  • 1g · Noncash contributions included above

    $16,597

  • 2a · Program service revenue: CONFERENCE REVENUES

    total $14,800 · related or exempt $14,800

  • 3 · Investment income

    total $95,914 · excluded $95,914

  • 7a · Gross sales of assets other than inventory

    securities $49,712

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

    securities $55,139

  • 7c · Gain or loss

    securities -$5,427

  • 7d · Net gain or loss

    total -$5,427 · excluded -$5,427

  • 8a · Fundraising events: gross income

    $93,747

  • 8a · Fundraising events: contributions included on line 1c

    $534,197

  • 8b · Fundraising events: direct expenses

    $316,630

  • 8c · Net income from fundraising events

    total -$222,883 · excluded -$222,883

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $10,965 · excluded $10,965

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $5,809 · excluded $5,809

  • 11e · Other revenue, total

    $16,774

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,500 · program services $8,500

  • 2 · Grants to domestic individuals

    total $42,800 · program services $42,800

  • 3 · Grants to foreign organizations and individuals

    total $900 · program services $900

  • 5 · Compensation of officers, directors and key employees

    total $440,321 · program services $176,941 · management and general $90,373 · fundraising $173,007

  • 7 · Other salaries and wages

    total $193,503 · program services $181,013 · management and general $9,563 · fundraising $2,927

  • 8 · Pension plan contributions

    total $5,840 · program services $5,445 · management and general $395

  • 9 · Other employee benefits

    total $9,620 · program services $8,945 · management and general $675

  • 10 · Payroll taxes

    total $41,909 · program services $24,417 · management and general $6,532 · fundraising $10,960

  • 11b · Fees: legal

    total $15,799 · management and general $15,799

  • 11c · Fees: accounting

    total $64,595 · management and general $64,595

  • 11f · Fees: investment management

    total $3,823 · management and general $3,823

  • 11g · Fees: other

    total $73,403 · program services $61,270 · management and general $2,330 · fundraising $9,803

  • 12 · Advertising and promotion

    total $53,518 · program services $53,518

  • 13 · Office expenses

    total $153,102 · program services $77,309 · management and general $14,765 · fundraising $61,028

  • 16 · Occupancy

    total $59,593 · program services $53,634 · management and general $5,959

  • 17 · Travel

    total $80,065 · program services $58,759 · fundraising $21,306

  • 19 · Conferences, conventions and meetings

    total $294,805 · program services $294,631 · management and general $174

  • 22 · Depreciation, depletion and amortization

    total $1,611 · program services $1,611

  • 23 · Insurance

    total $9,590 · program services $3,428 · management and general $6,162

  • 24a · Other expenses: STUDENT FELLOWS PROGRAM

    total $33,642 · program services $33,642

  • 24b · Other expenses: AUDIO VISUAL

    total $15,586 · program services $15,586

  • 24c · Other expenses: MISCELLANEOUS

    total $2,018 · program services $1,312 · management and general $706

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,920 · end of year $676,996

  • 2 · Savings and temporary cash investments

    beginning of year $836,373 · end of year $693,502

  • 3 · Pledges and grants receivable

    beginning of year $201,989 · end of year $44,554

  • 4 · Accounts receivable

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,753 · end of year $69,893

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

    $24,762

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

    $13,554

  • 10c · Land, buildings and equipment, net

    beginning of year $12,819 · end of year $11,208

  • 11 · Investments: publicly traded securities

    beginning of year $1,768,853 · end of year $2,207,982

  • 15 · Other assets

    beginning of year $57,277 · end of year $20,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,575 · end of year $39,506

  • 25 · Other liabilities

    beginning of year $57,277 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,899,562 · end of year $3,534,036

  • 28 · Net assets with donor restrictions

    beginning of year $185,570 · end of year $150,593

Mission and programs · 2023

Mission

THE MISSION OF THE BUCKLEY INSTITUTE IS TO PROMOTE INTELLECTUAL DIVERSITY AND FREEDOM OF SPEECH AT YALE UNIVERSITY. WE AIM TO FOSTER ROBUST AND OPEN DEBATE, PROVIDE A HOME FOR ENLIGHTENED CONSERVATIVE THOUGHT, AND EXPOSE STUDENTS TO OFTEN-UNVOICED VIEWS. WE BELIEVE THAT GENUINE INTELLECTUAL DIVERSITY IS ESSENTIAL FOR ADVANCING CRITICAL INQUIRY AND SEEK TO CHALLENGE IDEOLOGICAL COMPLACENCY WHEREVER IT EXISTS.

Activities or mission (Part I)

TO PROMOTE INTELLECTUAL DIVERSITY AT YALE UNIVERSITY, TO EXPAND POLITICAL DISCOURSE ON CAMPUS, AND TO EXPOSE STUDENTS TO OFTEN UNVOICED VIEWS.

  • THE ORGANIZATION HOSTED VARIOUS LECTURES, SEMINARS, AND DEBATES WITH PROMINENT ACADEMICS, POLITICIANS AND OTHER NOTABLES WHO SPOKE ON ISSUES OF CURRENT EVENTS, POLITICAL PHILOSOPHY, AND HISTORY. THE ORGANIZATION ALSO SPONSORED A CONFERENCE, POLLING, STUDENT FELLOWS PROGRAM, AND INITIATIVES RELATED TO CAMPUS GOVERNANCE REFORM. THE ORGANIZATION PARTNERED WITH YALE UNIVERSITY TO ADMINISTER A SERIES OF STUDENT INTERNSHIPS AT VARIOUS PUBLICATIONS AND THINK TANKS. THERE IS AN EVALUATION OF THE INTERNSHIP THAT STUDENTS COMPLETE AT THE END OF THE SUMMER THROUGH THE CAREER SERVICES OFFICE.

    Expenses $1,103,661 · Grants $52,200 · Revenue $14,800

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

Listed in Part VII

  • Lauren R Noble

    EXECUTIVE DIRECTOR

    Total calculated
    $258,208
    From this org
    $238,773
    From related orgs
    $0
    Other
    $19,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,273
    Bonus
    $27,500
    Other
    $0
    Deferred
    $8,072
    Nontaxable benefits
    $11,363
    Filer's total
    $258,208

  • Roger Kimball

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • William F B O'Reilly

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Spagnola

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Franc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gail Lavielle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Quinn Rosenkranz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Holcombe

    DIRECTOR THRU 06/2023

    Total calculated
    $0
    Hours/week
    1

  • Isabelle Hargrove

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $182,113
    From this org
    $161,327
    From related orgs
    $0
    Other
    $20,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,327
    Bonus
    $7,000
    Other
    $0
    Deferred
    $4,840
    Nontaxable benefits
    $15,946
    Filer's total
    $182,113

  • Ari Schaffer

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $137,458
    From this org
    $125,987
    From related orgs
    $0
    Other
    $11,471
    Hours/week
    40

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 · Form 990 of other organizations
  • 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 7
THE ORGANIZATION AWARDED DISCRETIONARY BONUSES TO PERSONS LISTED ON PART VII OF THE 990, AND IS 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

Provenance

Return type
form_990
Tax year
2023
Filed
26 July 2024
IRS schema version
2023v5.1
Source object
202432089349300623

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

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