Skip to content
Nonprofiteer
← AMERICAN ACADEMY OF ARTS AND SCIENCES

Form 990 for tax year 2022

Filed by AMERICAN ACADEMY OF ARTS AND SCIENCES.

Totals

Total revenue
$13,990,567
Total expenses
$15,989,127
Contributions and grants received
$12,124,364
Grants paid
$0
Program service revenue
$724,280
Investment income
$1,031,295
Other revenue
$110,628
Total assets, end of year
$122,630,308
Total liabilities, end of year
$3,015,215
Net assets or fund balances, end of year
$119,615,093
Program services expenses (Part IX)
$9,745,224
Management and general expenses
$4,858,785
Fundraising expenses
$1,385,118
Program service expenses (Part III)
$9,745,224

Program services were 60.9% 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.

  • 1b · Membership dues

    $1,221,291

  • 1f · All other contributions, gifts and grants

    $10,903,073

  • 2a · Program service revenue: CATERING OPERATIONS

    total $684,111 · related or exempt $684,111

  • 2b · Program service revenue: ROYALTIES

    total $40,169 · related or exempt $40,169

  • 3 · Investment income

    total $918,214 · unrelated business $18,384 · excluded $899,830

  • 7a · Gross sales of assets other than inventory

    securities $4,057,714

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

    securities $3,944,633

  • 7c · Gain or loss

    securities $113,081

  • 7d · Net gain or loss

    total $113,081 · excluded $113,081

  • 11a · Other revenue: MISCELLANEOUS

    total $110,628 · related or exempt $110,628

  • 11e · Other revenue, total

    $110,628

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,016,953 · program services $750,512 · management and general $131,187 · fundraising $135,254

  • 7 · Other salaries and wages

    total $6,088,179 · program services $3,455,701 · management and general $1,928,458 · fundraising $704,020

  • 8 · Pension plan contributions

    total $527,093 · program services $322,988 · management and general $142,063 · fundraising $62,042

  • 9 · Other employee benefits

    total $571,795 · program services $353,434 · management and general $150,684 · fundraising $67,677

  • 10 · Payroll taxes

    total $495,491 · program services $310,151 · management and general $126,220 · fundraising $59,120

  • 11b · Fees: legal

    total $44,317 · program services $21,461 · management and general $22,856

  • 11c · Fees: accounting

    total $40,194 · management and general $40,194

  • 11f · Fees: investment management

    total $13,488 · management and general $13,488

  • 11g · Fees: other

    total $1,821,862 · program services $1,103,512 · management and general $681,258 · fundraising $37,092

  • 13 · Office expenses

    total $2,096,029 · program services $1,284,704 · management and general $588,935 · fundraising $222,390

  • 16 · Occupancy

    total $696,471 · program services $126,626 · management and general $569,474 · fundraising $371

  • 17 · Travel

    total $621,901 · program services $513,854 · management and general $106,845 · fundraising $1,202

  • 19 · Conferences, conventions and meetings

    total $664,452 · program services $648,899 · management and general $14,690 · fundraising $863

  • 20 · Interest

    total $58,171 · program services $3,045 · management and general $55,126

  • 22 · Depreciation, depletion and amortization

    total $967,858 · program services $684,175 · management and general $200,243 · fundraising $83,440

  • 23 · Insurance

    total $105,504 · program services $77,853 · management and general $20,260 · fundraising $7,391

  • 24a · Other expenses: MISCELLANEOUS

    total $122,877 · program services $52,479 · management and general $66,142 · fundraising $4,256

  • 24b · Other expenses: FEES AND HONORARIA

    total $36,492 · program services $35,830 · management and general $662

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,192,130 · end of year $4,171,296

  • 2 · Savings and temporary cash investments

    beginning of year $5,567,053 · end of year $7,855,213

  • 3 · Pledges and grants receivable

    beginning of year $19,604,030 · end of year $13,172,689

  • 4 · Accounts receivable

    beginning of year $385,211

  • 8 · Inventories for sale or use

    beginning of year $12,172 · end of year $12,172

  • 9 · Prepaid expenses and deferred charges

    beginning of year $371,568 · end of year $276,255

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

    $26,369,245

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

    $14,667,449

  • 10c · Land, buildings and equipment, net

    beginning of year $11,639,452 · end of year $11,701,796

  • 11 · Investments: publicly traded securities

    beginning of year $39,174,181 · end of year $39,793,191

  • 12 · Investments: other securities

    beginning of year $29,142,735 · end of year $30,379,006

  • 15 · Other assets

    beginning of year $14,024,440 · end of year $15,268,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,367,631 · end of year $1,215,792

  • 23 · Secured mortgages and notes payable

    beginning of year $1,994,275 · end of year $1,799,423

  • 27 · Net assets without donor restrictions

    beginning of year $35,322,869 · end of year $37,233,578

  • 28 · Net assets with donor restrictions

    beginning of year $83,428,197 · end of year $82,381,515

Mission and programs · 2022

Mission

FOUNDED IN 1780, THE AMERICAN ACADEMY OF ARTS AND SCIENCES HONORS EXCELLENCE AND CONVENES LEADERS FROM EVERY FIELD OF HUMAN ENDEAVOR TO EXAMINE NEW IDEAS, ADDRESS ISSUES OF IMPORTANCE TO THE NATION AND THE WORLD, AND WORK TOGETHER "TO CULTIVATE EVERY ART AND SCIENCE WHICH MAY TEND TO ADVANCE THE INTEREST, HONOR, DIGNITY, AND HAPPINESS OF A FREE, INDEPENDENT, AND VIRTUOUS PEOPLE." THE ACADEMY CURRENTLY UNDERTAKES A BROAD ARRAY OF ACTIVITIES IN FIVE PROJECT CATEGORIES: SCIENCE, ENGINEERING, AND TECHNOLOGY; GLOBAL SECURITY AND INTERNATIONAL AFFAIRS; EDUCATION AND THE DEVELOPMENT OF KNOWLEDGE; THE HUMANITIES, ARTS, AND CULTURE; AND AMERICAN INSTITUTIONS, SOCIETY, AND THE PUBLIC GOOD.

Activities or mission (Part I)

THE AMERICAN ACADEMY OF ARTS AND SCIENCES IS AN HONORARY MEMBERSHIP SOCIETY THAT DRAWS UPON DISTINGUISHED SCHOLARS IN EVERY RELEVANT ART AND SCIENCE TO CONDUCT SERIOUS ANALYSES OF ISSUES OF PRACTICAL CONCERN TO THE NATION. THE ACADEMY EXAMINES POLICY CHALLENGES AND SCHOLARLY QUESTIONS THAT CANNOT BE EASILY ADDRESSED BY SCHOLARS OR PROFESSIONS IN ISOLATION.

  • ACADEMY PROJECTS AND STUDIES - DRAWING FROM EVERY FIELD OF RESEARCH AND PROFESSIONAL PRACTICE, THE ACADEMY BRINGS TOGETHER SCHOLARS, ARTISTS, POLICY-MAKERS, BUSINESS LEADERS, AND OTHER EXPERTS TO EXAMINE THE MOST PRESSING PROBLEMS FACING OUR WORLD. OFTEN, THE ACADEMY'S INFLUENTIAL STUDIES HELP PIONEER NEW FIELDS THAT TRANSCEND DISCIPLINARY BOUNDARIES.

    Expenses $5,601,906

  • PROJECT OUTREACH AND EVENTS - THE ACADEMY REGULARLY SPONSORS MEETINGS, LECTURES, PANEL DISCUSSIONS, AND INFORMAL GATHERINGS AROUND THE COUNTRY. TOPICS ARE DRAWN FROM ACADEMY PROJECTS AS WELL AS THE RESEARCH AND WRITINGS OF ACADEMY MEMBERS.

    Expenses $1,570,144 · Revenue $684,111

  • PUBLICATIONS - THE ACADEMY MAINTAINS AN ACTIVE PUBLICATIONS PROGRAM TO DISSEMINATE NEW KNOWLEDGE AS WELL AS RECOMMENDATIONS FROM ACADEMY RESEARCH. OUR PUBLICATIONS INFLUENCE SCHOLARS, POLICY-MAKERS, AND OTHER LEADERS IN HIGHER EDUCATION, GOVERNMENT, THE ARTS, BUSINESS, PUBLIC AFFAIRS, AND PHILANTHROPY.

    Expenses $1,065,016 · Revenue $40,169

  • MEMBERSHIP ELECTIONS - ACTIVITIES INVOLVED IN ANNUAL ELECTION OF NEW MEMBERS TO THE ACADEMY

    Expenses $463,780

  • ARCHIVES - ACTIVITIES RELATED TO STORING AND MAINTAINING ACADEMY HISTORICAL DOCUMENTS

    Expenses $431,681

  • COMMUNICATIONS - ACTIVITIES RELATED TO COMMUNICATION OF ACADEMY ACTIVITY TO MEMBERS AND PUBLIC

    Expenses $491,088

  • OTHER PROGRAM SERVICES

    Expenses $121,609 · Revenue $110,628

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

Listed in Part VII

  • David Oxtoby

    PRESIDENT

    Total calculated
    $611,463
    From this org
    $569,500
    From related orgs
    $0
    Other
    $41,963
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $569,500
    Bonus
    $0
    Other
    $0
    Deferred
    $25,856
    Nontaxable benefits
    $16,107
    Filer's total
    $611,463

  • Mark Robinson

    EXECUTIVE OFFICER

    Total calculated
    $344,472
    From this org
    $290,079
    From related orgs
    $0
    Other
    $54,393
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $290,079
    Bonus
    $0
    Other
    $0
    Deferred
    $30,326
    Nontaxable benefits
    $24,067
    Filer's total
    $344,472

  • Ginger Saariaho

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $281,897
    From this org
    $233,044
    From related orgs
    $0
    Other
    $48,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,044
    Bonus
    $0
    Other
    $0
    Deferred
    $24,786
    Nontaxable benefits
    $24,067
    Filer's total
    $281,897

  • Tania Munz

    CHIEF PROGRAMS OFFICER

    Total calculated
    $265,574
    From this org
    $231,278
    From related orgs
    $0
    Other
    $34,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,278
    Bonus
    $0
    Other
    $0
    Deferred
    $23,639
    Nontaxable benefits
    $10,657
    Filer's total
    $265,574

  • Phyllis Bendell

    DIRECTOR OF PUBLISHING

    Total calculated
    $237,697
    From this org
    $180,592
    From related orgs
    $0
    Other
    $57,105
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,592
    Bonus
    $0
    Other
    $0
    Deferred
    $28,745
    Nontaxable benefits
    $28,360
    Filer's total
    $237,697

  • Alison Franklin

    CHIEF COMMUNICATIONS OFFICER

    Total calculated
    $213,885
    From this org
    $193,497
    From related orgs
    $0
    Other
    $20,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,497
    Bonus
    $0
    Other
    $0
    Deferred
    $19,163
    Nontaxable benefits
    $1,225
    Filer's total
    $213,885

  • Laurie McDonough

    DIRECTOR OF MEMBER ENGAGEMENT

    Total calculated
    $175,052
    From this org
    $158,086
    From related orgs
    $0
    Other
    $16,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,086
    Bonus
    $0
    Other
    $0
    Deferred
    $15,878
    Nontaxable benefits
    $1,088
    Filer's total
    $175,052

  • Goodwin H Liu

    CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Nancy C Andrews

    CHAIR OF BOARD (UNTIL 6/2023)

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Stephen B Heintz

    VICE CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paula J Giddings

    VICE CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kenneth L Wallach

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Earl Lewis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kwame Anthony Appiah

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Louise H Bryson

    MEMBER (UNTIL 6/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Mark Hansen

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cherry A Murray

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David M Rubenstein

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Deborah F Rutter

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Larry Jay Shapiro

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shirley M Tilghman

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Natasha Trethewey

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeannette M Wing

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pauline Yu

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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 · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
DURING FISCAL YEAR 2023, THERE WERE TRIP TICKETS PURCHASED THAT WERE EITHER FIRST CLASS OR UPGRADED TO FIRST CLASS FOR THE ACADEMY BOARD MEMBERS. FIRST CLASS TRAVEL IS ALLOWED UNDER THE POLICIES OF THE ACADEMY AND ALL FIRST CLASS TRAVEL FOR FISCAL YEAR 2023 MET THE POLICY GUIDELINES.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NORTON'S WOODS INC

    C · EVENT SERVICES · MA · 100% owned · share of income $195,893 · controlled entity

    Directly controlled by AMERICAN ACADEMY OF ARTS AND SCIENCES

  • PERMANENT SCIENCE FUND TR UDECL

    T · TRUST · MA · 100% owned · share of income $120,000 · controlled entity

    Directly controlled by AMERICAN ACADEMY OF ARTS AND SCIENCES

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202431239349300318

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.