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← INSTITUTE FOR OPERATIONS RESEARCH AND THE MANAGEMENT SCIENCES

Form 990 for tax year 2022

Filed by INSTITUTE FOR OPERATIONS RESEARCH AND THE MANAGEMENT SCIENCES.

Totals

Total revenue
$12,689,693
Total expenses
$14,548,260
Contributions and grants received
$1,770,154
Grants paid
$283,922
Program service revenue
$11,576,586
Investment income
-$1,144,526
Other revenue
$487,479
Total assets, end of year
$24,048,596
Total liabilities, end of year
$8,351,463
Net assets or fund balances, end of year
$15,697,133
Program services expenses (Part IX)
$13,030,716
Management and general expenses
$1,517,544
Fundraising expenses
$0
Program service expenses (Part III)
$13,030,716

Program services were 89.6% 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.

  • 1e · Government grants (contributions)

    $944,942

  • 1f · All other contributions, gifts and grants

    $825,212

  • 1g · Noncash contributions included above

    $120

  • 2a · Program service revenue: PUBLICATIONS

    total $5,378,113 · related or exempt $5,312,868 · unrelated business $65,245

  • 2b · Program service revenue: CONFERENCE

    total $4,433,488 · related or exempt $4,433,488

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $1,414,205 · related or exempt $1,414,205

  • 2d · Program service revenue: SUBDIVISIONS

    total $344,310 · related or exempt $344,310

  • 2e · Program service revenue: COMMITTEE & PROGRAMS

    total $6,470 · related or exempt $6,470

  • 3 · Investment income

    total $683,938 · excluded $683,938

  • 5 · Royalties

    total $253,528 · excluded $253,528

  • 7a · Gross sales of assets other than inventory

    securities $1,546,975

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

    securities $3,375,439

  • 7c · Gain or loss

    securities -$1,828,464

  • 7d · Net gain or loss

    total -$1,828,464 · excluded -$1,828,464

  • 11a · Other revenue: JOB REPLACEMENT

    total $97,486 · unrelated business $97,486

  • 11b · Other revenue: CERTIFICATION PROGRAMS

    total $91,465 · unrelated business $91,465

  • 11c · Other revenue: MANAGEMENT FEES

    total $45,000 · unrelated business $45,000

  • 11e · Other revenue, total

    $233,951

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $187,835 · program services $187,835

  • 3 · Grants to foreign organizations and individuals

    total $96,087 · program services $96,087

  • 5 · Compensation of officers, directors and key employees

    total $536,402 · program services $449,451 · management and general $86,951

  • 7 · Other salaries and wages

    total $3,428,385 · program services $2,872,759 · management and general $555,626

  • 8 · Pension plan contributions

    total $290,321 · program services $275,113 · management and general $15,208

  • 9 · Other employee benefits

    total $412,959 · program services $346,033 · management and general $66,926

  • 10 · Payroll taxes

    total $320,649 · program services $268,681 · management and general $51,968

  • 11b · Fees: legal

    total $11,717 · program services $7,018 · management and general $4,699

  • 11f · Fees: investment management

    total $46,978 · management and general $46,978

  • 11g · Fees: other

    total $2,912,517 · program services $2,774,022 · management and general $138,495

  • 12 · Advertising and promotion

    total $200,201 · program services $200,201

  • 13 · Office expenses

    total $832,612 · program services $765,901 · management and general $66,711

  • 14 · Information technology

    total $660,008 · program services $659,228 · management and general $780

  • 16 · Occupancy

    total $1,208,295 · program services $938,516 · management and general $269,779

  • 17 · Travel

    total $298,244 · program services $260,054 · management and general $38,190

  • 19 · Conferences, conventions and meetings

    total $2,585,732 · program services $2,562,978 · management and general $22,754

  • 22 · Depreciation, depletion and amortization

    total $28,541 · program services $17,320 · management and general $11,221

  • 23 · Insurance

    total $109,349 · program services $20,321 · management and general $89,028

  • 24a · Other expenses: PUBLICATION

    total $314,010 · program services $314,010

  • 24b · Other expenses: TAXES

    total $40,618 · management and general $40,618

  • 24c · Other expenses: DUES & INVOICES

    total $26,800 · program services $15,188 · management and general $11,612

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,044,942 · end of year $4,051,254

  • 2 · Savings and temporary cash investments

    beginning of year $1,735,064 · end of year $599,241

  • 4 · Accounts receivable

    beginning of year $271,912 · end of year $341,348

  • 9 · Prepaid expenses and deferred charges

    beginning of year $631,462 · end of year $729,881

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

    $1,035,956

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

    $957,448

  • 10c · Land, buildings and equipment, net

    beginning of year $52,596 · end of year $78,508

  • 11 · Investments: publicly traded securities

    beginning of year $19,670,302 · end of year $15,846,037

  • 15 · Other assets

    beginning of year $28,260 · end of year $2,402,327

  • 17 · Accounts payable and accrued expenses

    beginning of year $863,699 · end of year $1,335,109

  • 19 · Deferred revenue

    beginning of year $4,469,052 · end of year $4,318,566

  • 24 · Unsecured notes and loans payable

    beginning of year $944,942

  • 25 · Other liabilities

    beginning of year $311,284 · end of year $2,697,788

  • 27 · Net assets without donor restrictions

    beginning of year $18,561,975 · end of year $14,617,818

  • 28 · Net assets with donor restrictions

    beginning of year $1,283,586 · end of year $1,079,315

Mission and programs · 2022

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 $3,812,767 · Revenue $5,312,868

  • 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 $3,295,816 · Revenue $1,414,205

  • 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 $3,141,355 · Revenue $4,433,488

  • INFORMATION TECHNOLOGYEXPENSES $ 1,498,590. INCLUDING GRANTS OF $ 0. REVENUE $ 0.INSTITUTE COMMITTEES AND PROGRAMS - VARIOUS COMMITTEES AND PROGRAMS DESIGNED TO FURTHER THE ORGANIZATION'S MISSION.EXPENSES $763,775. INCLUDING GRANTS OF $ 112,358. REVENUE $ 6,470.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 $ 518,413. INCLUDING GRANTS OF $ 171,564. REVENUE $ 344,310.

    Expenses $2,780,778 · Grants $283,922 · Revenue $350,780

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

Listed in Part VII

  • Radhika Kulkarni

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Laura Elbert

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    6

  • Stephen C Graves

    PAST-PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Mark Lewis

    SECRETARY

    Total calculated
    $0
    Hours/week
    6

  • Dave Hunt

    TREASURER

    Total calculated
    $0
    Hours/week
    6

  • Miguel Anjos

    VP, INTERNATIONAL ACTIVITI

    Total calculated
    $0
    Hours/week
    6

  • Missie Bowers

    VP, EDUCATION

    Total calculated
    $0
    Hours/week
    6

  • Robin Lougee

    VP, PRACTICE

    Total calculated
    $0
    Hours/week
    6

  • Maciek Nowak

    VP, SECTIONS & SOCIETIES

    Total calculated
    $0
    Hours/week
    6

  • Pelin Pekgun

    VP, MEMBERSHIP AND PROFESS

    Total calculated
    $0
    Hours/week
    6

  • Raghu Raghavan

    VP, TECHNOLOGY STRATEGY

    Total calculated
    $0
    Hours/week
    6

  • Cole Smith

    VP, PUBLICATIONS

    Total calculated
    $0
    Hours/week
    6

  • Tamas Terlaky

    VP, MEETINGS

    Total calculated
    $0
    Hours/week
    6

  • L Beril Toktay

    VP, MARKETING, COMMUNICATI

    Total calculated
    $0
    Hours/week
    6

  • Kathryn Walker

    VP, CHAPTERS AND FOR A

    Total calculated
    $0
    Hours/week
    6

  • Elena A Gerstmann

    EXECUTIVE DIRECTOR

    Total calculated
    $348,962
    From this org
    $302,043
    From related orgs
    $0
    Other
    $46,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,043
    Bonus
    $0
    Other
    $0
    Deferred
    $30,659
    Nontaxable benefits
    $16,260
    Filer's total
    $348,962

  • Darda C Duncan

    CHIEF FINANCIAL OFFICER

    Total calculated
    $217,346
    From this org
    $185,281
    From related orgs
    $0
    Other
    $32,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,281
    Bonus
    $0
    Other
    $0
    Deferred
    $18,419
    Nontaxable benefits
    $13,646
    Filer's total
    $217,346

  • Jeffrey M Cohen

    CHIEF STRATEGY & INNOVATION OFFICER

    Total calculated
    $197,537
    From this org
    $178,982
    From related orgs
    $0
    Other
    $18,555
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,982
    Bonus
    $0
    Other
    $0
    Deferred
    $17,197
    Nontaxable benefits
    $1,358
    Filer's total
    $197,537

  • Regina M Lloyd

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $184,890
    From this org
    $154,420
    From related orgs
    $0
    Other
    $30,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,420
    Bonus
    $0
    Other
    $0
    Deferred
    $15,658
    Nontaxable benefits
    $14,812
    Filer's total
    $184,890

  • Kyle Jordan

    DIRECTOR, MEETINGS

    Total calculated
    $174,817
    From this org
    $162,561
    From related orgs
    $0
    Other
    $12,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,561
    Bonus
    $0
    Other
    $0
    Deferred
    $4,926
    Nontaxable benefits
    $7,330
    Filer's total
    $174,817

  • Mary T Magrogan

    DIRECTOR, RECOGNITION AND DVLPMNT

    Total calculated
    $162,877
    From this org
    $146,146
    From related orgs
    $0
    Other
    $16,731
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,146
    Bonus
    $0
    Other
    $0
    Deferred
    $14,553
    Nontaxable benefits
    $2,178
    Filer's total
    $162,877

  • John King

    DIRECTOR, IT

    Total calculated
    $145,235
    From this org
    $143,709
    From related orgs
    $0
    Other
    $1,526
    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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349320793

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