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← INSTITUTE FOR OPERATIONS RESEARCH AND THE MANAGEMENT SCIENCES

Form 990 for tax year 2023

Filed by INSTITUTE FOR OPERATIONS RESEARCH AND THE MANAGEMENT SCIENCES.

What the amendment changed

Compared with the return it replaced , filed 7 May 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.

Management and general expenses
$1,347,446 changed to $1,323,446
Fundraising expenses
$0 changed to $24,000

Totals

Total revenue
$14,608,514
Total expenses
$14,851,026
Contributions and grants received
$788,273
Grants paid
$212,045
Program service revenue
$13,040,417
Investment income
$282,230
Other revenue
$497,594
Total assets, end of year
$25,725,358
Total liabilities, end of year
$7,715,557
Net assets or fund balances, end of year
$18,009,801
Program services expenses (Part IX)
$13,503,580
Management and general expenses
$1,323,446
Fundraising expenses
$24,000
Program service expenses (Part III)
$13,503,580

Program services were 90.9% 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.

  • 1f · All other contributions, gifts and grants

    $788,273

  • 1g · Noncash contributions included above

    $460

  • 2a · Program service revenue: CONFERENCE

    total $5,704,689 · related or exempt $5,704,689

  • 2b · Program service revenue: PUBLICATIONS

    total $5,670,862 · related or exempt $5,643,896 · unrelated business $26,966

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $1,430,638 · related or exempt $1,430,638

  • 2d · Program service revenue: SUBDIVISIONS

    total $231,728 · related or exempt $231,728

  • 2e · Program service revenue: COMMITTEE & PROGRAMS

    total $2,500 · related or exempt $2,500

  • 3 · Investment income

    total $528,019 · excluded $528,019

  • 5 · Royalties

    total $223,122 · excluded $223,122

  • 7a · Gross sales of assets other than inventory

    securities $5,978,375

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

    securities $6,224,164

  • 7c · Gain or loss

    securities -$245,789

  • 7d · Net gain or loss

    total -$245,789 · excluded -$245,789

  • 11a · Other revenue: CERTIFICATION PROGRAMS

    total $132,885 · unrelated business $132,885

  • 11b · Other revenue: JOB REPLACEMENT

    total $84,781 · unrelated business $84,781

  • 11c · Other revenue: OTHER REVENUE

    total $39,931 · excluded $39,931

  • 11d · All other revenue

    total $16,875 · unrelated business $16,875

  • 11e · Other revenue, total

    $274,472

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 2 · Grants to domestic individuals

    total $148,348 · program services $148,348

  • 3 · Grants to foreign organizations and individuals

    total $48,697 · program services $48,697

  • 5 · Compensation of officers, directors and key employees

    total $581,929 · management and general $581,929

  • 7 · Other salaries and wages

    total $3,416,619 · program services $3,383,738 · management and general $32,881

  • 8 · Pension plan contributions

    total $298,775 · program services $292,590 · management and general $6,185

  • 9 · Other employee benefits

    total $453,427 · program services $417,925 · management and general $35,502

  • 10 · Payroll taxes

    total $316,745 · program services $272,975 · management and general $43,770

  • 11b · Fees: legal

    total $35,651 · program services $25,307 · management and general $10,344

  • 11e · Fees: professional fundraising services

    total $24,000 · fundraising $24,000

  • 11f · Fees: investment management

    total $43,764 · management and general $43,764

  • 11g · Fees: other

    total $2,940,459 · program services $2,716,119 · management and general $224,340

  • 12 · Advertising and promotion

    total $173,099 · program services $173,099

  • 13 · Office expenses

    total $883,892 · program services $872,748 · management and general $11,144

  • 14 · Information technology

    total $882,909 · program services $882,667 · management and general $242

  • 16 · Occupancy

    total $585,492 · program services $512,239 · management and general $73,253

  • 17 · Travel

    total $317,719 · program services $254,295 · management and general $63,424

  • 19 · Conferences, conventions and meetings

    total $2,948,712 · program services $2,916,807 · management and general $31,905

  • 22 · Depreciation, depletion and amortization

    total $37,174 · program services $31,485 · management and general $5,689

  • 23 · Insurance

    total $121,566 · program services $24,565 · management and general $97,001

  • 24a · Other expenses: PUBLICATION

    total $501,072 · program services $501,072

  • 24b · Other expenses: TAXES

    total $50,289 · management and general $50,289

  • 24c · Other expenses: DUES & INVOICES

    total $25,688 · program services $13,904 · management and general $11,784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,051,254 · end of year $3,509,328

  • 2 · Savings and temporary cash investments

    beginning of year $599,241 · end of year $685,940

  • 4 · Accounts receivable

    beginning of year $341,348 · end of year $205,953

  • 9 · Prepaid expenses and deferred charges

    beginning of year $729,881 · end of year $745,712

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

    $1,035,956

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

    $994,622

  • 10c · Land, buildings and equipment, net

    beginning of year $78,508 · end of year $41,334

  • 11 · Investments: publicly traded securities

    beginning of year $15,846,037 · end of year $18,537,501

  • 15 · Other assets

    beginning of year $2,402,327 · end of year $1,999,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,335,109 · end of year $1,015,031

  • 19 · Deferred revenue

    beginning of year $4,318,566 · end of year $4,455,347

  • 25 · Other liabilities

    beginning of year $2,697,788 · end of year $2,245,179

  • 27 · Net assets without donor restrictions

    beginning of year $14,617,818 · end of year $16,749,875

  • 28 · Net assets with donor restrictions

    beginning of year $1,079,315 · end of year $1,259,926

Mission and programs · 2023

Mission

INFORMS LEADS IN THE DEVELOPMENT, DISSEMINATION AND IMPLEMENTATION OF KNOWLEDGE, RESEARCH, AND TECHNOLOGIES IN OPERATIONS RESEARCH, ANALYTICS, THE MANAGEMENT SCIENCES, AND RELATED METHODS OF IMPROVING OPERATIONAL PROCESSES, DECISION MAKING, AND MANAGEMENT.

Activities or mission (Part I)

TO ADVANCE THE SCIENCE & PRACTICE OF OPERATIONS RESEARCH, ANALYTICS, AND MANAGEMENT SCIENCE.

  • PUBLICATIONS - INFORMS PRODUCES SEVENTEEN SCIENTIFIC AND SCHOLARLY JOURNALS WHICH ARE PUBLISHED ON A MONTHLY, BI-MONTHLY, AND QUARTERLY BASIS THAT DESCRIBE THE LATEST OPERATIONS RESEARCH AND ANALYTICS METHODS AND APPLICATION, AND AN INDUSTRY AND MEMBERSHIP MAGAZINE WITH NEWS FROM ACROSS THE PROFESSION.

    Expenses $3,805,704 · Revenue $5,906,782

  • MEMBER PROGRAMS - MEMBERSHIP IN INFORMS PROVIDES MEMBERS MANY PERSONAL AND PROFESSIONAL CAREER ENHANCING RESOURCES. THE PROGRAMS INCLUDE INFORMS CONNECT, COMMUNITIES, PROFESSIONAL RECOGNITION, VOLUNTEER OPPORTUNITIES, INFORMS ONLINE AND CAREER RESOURCES.

    Expenses $3,431,439 · Revenue $1,532,294

  • CONFERENCES AND MEETINGS - INFORMS ARRANGES AN ANNUAL MEETING AND A MEETING FOR PRACTICING PROFESSIONALS TO GIVE THE MEMBERS THE OPPORTUNITY TO INTERACT WITH COLLEAGUES, PRESENT RESEARCH, AND LEARN THE LATEST METHODS AND TECHNOLOGIES.

    Expenses $3,415,329 · Revenue $5,925,004

  • INSTITUTE COMMITTEES AND PROGRAMS - VARIOUS COMMITTEES AND PROGRAMS DESIGNED TO FURTHER THE ORGANIZATION'S MISSION. SUBDIVISION PROGRAM - SUBDIVISIONS CONSIST OF SOCIETIES, FORA, SPECIAL INTEREST GROUPS, CHAPTERS, AND STUDENT CHAPTERS. THEY PROVIDE AN OPPORTUNITY FOR MEMBERS TO NETWORK WITH OTHERS IN THEIR REGIONAL AND TECHNICAL AREAS OF INTEREST. SUBDIVISIONS SPONSOR MEETINGS, WEB PAGES, NEWSLETTERS, WORKSHOPS, AND AWARDS AND CO-SPONSOR SELECT INFORMS JOURNALS.

    Expenses $2,851,108 · Grants $212,045 · Revenue $788,325

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

Listed in Part VII

  • LAURA ALBERT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • JULIE SWANN

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    6

  • RADHIKA KULKARNI

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • MARK LEWIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • SUSAN MARTONOSI

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • MIGUEL ANJOS

    VP, INTERNATIONAL ACTIVITIES

    Total calculated
    $0
    Hours/week
    6

  • ILLYA HICKS

    VP, EDUCATION

    Total calculated
    $0
    Hours/week
    6

  • WARREN HEARNES

    VP, TECHNOLOGY STRATEGY

    Total calculated
    $0
    Hours/week
    6

  • ROBIN LOUGEE

    VP, PRACTICE

    Total calculated
    $0
    Hours/week
    6

  • PELIN PEKGUN

    VP, MEMBERSHIP & PROFESSIONAL

    Total calculated
    $0
    Hours/week
    6

  • ARIELA SOFER

    VP, MEETINGS

    Total calculated
    $0
    Hours/week
    6

  • MARK SQUILLANTE

    VP, SECTIONS & SOCIETIES

    Total calculated
    $0
    Hours/week
    6

  • L BERIL TOKTAY

    VP, MARKETING, COMMUNICATION

    Total calculated
    $0
    Hours/week
    6

  • CHRIS TANG

    VP, PUBLICATIONS

    Total calculated
    $0
    Hours/week
    6

  • KATHRYN WALKER

    VP, CHAPTERS AND FORUMS

    Total calculated
    $0
    Hours/week
    6

  • ELENA A GERSTMANN

    EXECUTIVE DIRECTOR

    Total calculated
    $386,131
    From this org
    $337,581
    From related orgs
    $0
    Other
    $48,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,581
    Bonus
    $12,000
    Other
    $0
    Deferred
    $31,821
    Nontaxable benefits
    $16,729
    Filer's total
    $386,131

  • DARDA C DUNCAN

    CHIEF FINANCIAL OFFICER- UNTIL 05/23

    Total calculated
    $124,968
    From this org
    $109,097
    From related orgs
    $0
    Other
    $15,871
    Hours/week
    40

  • XIAOLAN LUO

    DIRECTOR, FINANCE

    Total calculated
    $70,830
    From this org
    $63,010
    From related orgs
    $0
    Other
    $7,820
    Hours/week
    40

  • JEFFREY M COHEN

    CHIEF STRATEGY & INNOVATION

    Total calculated
    $198,538
    From this org
    $179,154
    From related orgs
    $0
    Other
    $19,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,154
    Bonus
    $0
    Other
    $0
    Deferred
    $17,523
    Nontaxable benefits
    $1,861
    Filer's total
    $198,538

  • REGINA M LLOYD

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $201,442
    From this org
    $170,100
    From related orgs
    $0
    Other
    $31,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,100
    Bonus
    $5,000
    Other
    $0
    Deferred
    $16,295
    Nontaxable benefits
    $15,047
    Filer's total
    $201,442

  • KYLE JORDAN

    DIRECTOR, MEETINGS

    Total calculated
    $175,408
    From this org
    $167,614
    From related orgs
    $0
    Other
    $7,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,614
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,794
    Filer's total
    $175,408

  • MARY T MAGROGAN

    DIRECTOR, RECOGNITION & DEVELOPMENT

    Total calculated
    $166,182
    From this org
    $149,094
    From related orgs
    $0
    Other
    $17,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,094
    Bonus
    $0
    Other
    $0
    Deferred
    $14,927
    Nontaxable benefits
    $2,161
    Filer's total
    $166,182

  • JOHN KING

    DIRECTOR, IT

    Total calculated
    $188,528
    From this org
    $178,478
    From related orgs
    $0
    Other
    $10,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,478
    Bonus
    $0
    Other
    $0
    Deferred
    $8,314
    Nontaxable benefits
    $1,736
    Filer's total
    $188,528

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

Provenance

Return type
form_990
Tax year
2023
Filed
22 July 2024
IRS schema version
2023v5.1
Source object
202402059349301215

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