Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $5,611,086

• 1f · All other contributions, gifts and grants

  $48,686,954

• 1g · Noncash contributions included above

  $2,507,362

• 2a · Program service revenue: AUXILIARY SERVICES

  total $5,644,673 · related or exempt $5,644,673

• 3 · Investment income

  total $4,713,995 · unrelated business -$1,126,838 · excluded $5,840,833

• 7a · Gross sales of assets other than inventory

  securities $261,764,073

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

  securities $256,586,730 · other assets $347,996

• 7c · Gain or loss

  securities $5,177,343 · other assets -$347,996

• 7d · Net gain or loss

  total $4,829,347 · excluded $4,829,347

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $101,900 · program services $101,900

• 2 · Grants to domestic individuals

  total $13,504,855 · program services $13,504,855

• 3 · Grants to foreign organizations and individuals

  total $406,150 · program services $406,150

• 5 · Compensation of officers, directors and key employees

  total $2,359,829 · program services $709,649 · management and general $1,330,023 · fundraising $320,157

• 7 · Other salaries and wages

  total $24,040,421 · program services $13,650,607 · management and general $9,465,846 · fundraising $923,968

• 8 · Pension plan contributions

  total $2,403,270 · program services $1,685,472 · management and general $643,626 · fundraising $74,172

• 9 · Other employee benefits

  total $1,169,156 · program services $819,957 · management and general $313,115 · fundraising $36,084

• 10 · Payroll taxes

  total $1,589,945 · program services $1,115,067 · management and general $425,808 · fundraising $49,070

• 11b · Fees: legal

  total $394,441 · management and general $394,441

• 11c · Fees: accounting

  total $216,472 · management and general $216,472

• 11f · Fees: investment management

  total $2,345,616 · management and general $2,345,616

• 11g · Fees: other

  total $2,387,212 · program services $551,341 · management and general $1,769,375 · fundraising $66,496

• 13 · Office expenses

  total $1,262,174 · program services $240,305 · management and general $987,174 · fundraising $34,695

• 14 · Information technology

  total $4,504,280 · program services $2,453,685 · management and general $2,003,809 · fundraising $46,786

• 16 · Occupancy

  total $2,165,140 · program services $1,952,523 · management and general $212,617

• 17 · Travel

  total $2,511,373 · program services $2,121,091 · management and general $299,883 · fundraising $90,399

• 19 · Conferences, conventions and meetings

  total $1,777,727 · program services $659,899 · management and general $1,057,556 · fundraising $60,272

• 20 · Interest

  total $4,407,659 · program services $2,752 · management and general $4,404,907

• 22 · Depreciation, depletion and amortization

  total $8,742,781 · program services $803,292 · management and general $7,939,489

• 23 · Insurance

  total $582,608 · management and general $582,608

• 24a · Other expenses: BOOKS & PERIODICALS

  total $717,995 · program services $710,808 · management and general $5,850 · fundraising $1,337

• 24b · Other expenses: DONOR RELATIONS

  total $135,069 · program services $0 · management and general $98,904 · fundraising $36,165

• 24c · Other expenses: GAS, TIRES & SERVICES

  total $91,777 · program services $0 · management and general $91,777 · fundraising $0

• 24d · Other expenses: EMPLOYEE WELFARE

  total $83,864 · program services $3,780 · management and general $76,144 · fundraising $3,940

• 24e · All other expenses

  total $424,964 · program services $90,514 · management and general $292,280 · fundraising $42,170

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $68,570 · end of year $69,912

• 2 · Savings and temporary cash investments

  beginning of year $9,447,165 · end of year $12,211,390

• 3 · Pledges and grants receivable

  beginning of year $24,248,372 · end of year $35,721,961

• 4 · Accounts receivable

  beginning of year $913,235 · end of year $445,254

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,324,554 · end of year $1,017,155

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

  $284,470,696

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

  $143,470,759

• 10c · Land, buildings and equipment, net

  beginning of year $140,912,982 · end of year $140,999,937

• 11 · Investments: publicly traded securities

  beginning of year $170,539,568 · end of year $164,689,699

• 12 · Investments: other securities

  beginning of year $972,573,202 · end of year $1,026,026,193

• 15 · Other assets

  beginning of year $3,446,280 · end of year $5,335,092

• 17 · Accounts payable and accrued expenses

  beginning of year $10,573,078 · end of year $11,429,558

• 19 · Deferred revenue

  beginning of year $6,669,231 · end of year $7,165,967

• 20 · Tax-exempt bond liabilities

  beginning of year $12,400,000 · end of year $10,400,000

• 25 · Other liabilities

  beginning of year $112,683,850 · end of year $111,613,415

• 27 · Net assets without donor restrictions

  beginning of year $470,534,001 · end of year $482,761,035

• 28 · Net assets with donor restrictions

  beginning of year $710,613,768 · end of year $763,146,618

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING THE INSTITUTE OWNS A RESIDENCE IMMEDIATELY ADJACENT TO THE CAMPUS WHERE IT REQUIRES THE DIRECTOR TO RESIDE. IAS PROVIDES MAINTENANCE AND HOUSE-KEEPING SERVICES FOR THE PROPERTY. IAS TREATS SUCH HOUSING AS NON-TAXABLE HOUSING PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER UNDER INTERNAL REVENUE CODE SECTION 119. THE VALUE OF THE HOUSING IS INCLUDED IN THE DIRECTOR'S NON-TAXABLE BENEFITS IN COLUMN D OF SCHEDULE J. THE DIRECTOR ALSO RECEIVES SOME PERSONAL AND COMPANION TRAVEL, AN AUTOMOBILE, AND PROFESSIONAL FINANCIAL PLANNING SERVICES, ALL OF WHICH ARE TREATED AS TAXABLE AND INCLUDED IN HIS FORM W-2 AND SHOWN IN SCHEDULE J, PART II, COLUMN B(III).

PART I, LINE 7

NON-FIXED PAYMENTS CERTAIN INDIVIDUALS LISTED RECEIVED A BONUS REPORTED ON SCHEDULE J, PART II, COLUMN B(II). THESE BONUSES WERE APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD.

Related corporations and trusts

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

• IAS-POOLED INCOME FUND

  T · CHARITABLE · NJ · controlled entity

  Directly controlled by IAS