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← INSTITUTE FOR ADVANCED STUDY

Form 990 for tax year 2022

Filed by INSTITUTE FOR ADVANCED STUDY.

Totals

Total revenue
$88,395,697
Total expenses
$75,495,626
Contributions and grants received
$59,475,357
Grants paid
$14,040,211
Program service revenue
$5,067,644
Investment income
$23,852,696
Other revenue
$0
Total assets, end of year
$1,323,473,928
Total liabilities, end of year
$142,326,159
Net assets or fund balances, end of year
$1,181,147,769
Program services expenses (Part IX)
$41,347,111
Management and general expenses
$32,695,580
Fundraising expenses
$1,452,935
Program service expenses (Part III)
$41,347,111

Program services were 54.8% 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.

  • 1e · Government grants (contributions)

    $5,856,979

  • 1f · All other contributions, gifts and grants

    $53,618,378

  • 1g · Noncash contributions included above

    $2,225,020

  • 2a · Program service revenue: AUXILIARY SERVICES

    total $5,067,644 · related or exempt $5,067,644

  • 3 · Investment income

    total $7,596,488 · unrelated business -$770,448 · excluded $8,366,936

  • 7a · Gross sales of assets other than inventory

    securities $308,581,449 · other assets $2,804

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

    securities $292,328,045 · other assets $0

  • 7c · Gain or loss

    securities $16,253,404 · other assets $2,804

  • 7d · Net gain or loss

    total $16,256,208 · excluded $16,256,208

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $112,208 · program services $112,208

  • 2 · Grants to domestic individuals

    total $13,926,253 · program services $13,926,253

  • 3 · Grants to foreign organizations and individuals

    total $1,750 · program services $1,750

  • 5 · Compensation of officers, directors and key employees

    total $1,955,041 · program services $917,094 · management and general $636,463 · fundraising $401,484

  • 7 · Other salaries and wages

    total $22,210,159 · program services $12,311,899 · management and general $9,272,708 · fundraising $625,552

  • 8 · Pension plan contributions

    total $2,298,426 · program services $1,638,569 · management and general $597,889 · fundraising $61,968

  • 9 · Other employee benefits

    total $363,180 · program services $258,914 · management and general $94,474 · fundraising $9,792

  • 10 · Payroll taxes

    total $1,456,048 · program services $1,038,030 · management and general $378,761 · fundraising $39,257

  • 11b · Fees: legal

    total $186,908 · management and general $186,908

  • 11c · Fees: accounting

    total $283,990 · management and general $283,990

  • 11f · Fees: investment management

    total $2,180,083 · management and general $2,180,083

  • 11g · Fees: other

    total $1,786,403 · program services $608,913 · management and general $1,132,497 · fundraising $44,993

  • 13 · Office expenses

    total $1,454,195 · program services $273,556 · management and general $1,112,573 · fundraising $68,066

  • 14 · Information technology

    total $4,475,496 · program services $2,526,128 · management and general $1,915,334 · fundraising $34,034

  • 16 · Occupancy

    total $2,626,047 · program services $2,368,169 · management and general $257,878

  • 17 · Travel

    total $3,336,939 · program services $3,167,701 · management and general $136,278 · fundraising $32,960

  • 19 · Conferences, conventions and meetings

    total $1,760,981 · program services $551,648 · management and general $1,157,017 · fundraising $52,316

  • 20 · Interest

    total $4,232,802 · program services $6,069 · management and general $4,226,733

  • 22 · Depreciation, depletion and amortization

    total $8,696,692 · program services $840,311 · management and general $7,856,381

  • 23 · Insurance

    total $549,359 · management and general $549,359

  • 24a · Other expenses: BOOKS & PERIODICALS

    total $715,100 · program services $702,943 · management and general $10,622 · fundraising $1,535

  • 24b · Other expenses: FELLOW/EMPLOYEE WELFARE

    total $170,156 · program services $0 · management and general $170,156 · fundraising $0

  • 24c · Other expenses: RECRUITING

    total $122,681 · program services $35,282 · management and general $87,399 · fundraising $0

  • 24d · Other expenses: DONOR RELATIONS

    total $118,543 · program services $0 · management and general $96,328 · fundraising $22,215

  • 24e · All other expenses

    total $476,186 · program services $61,674 · management and general $355,749 · fundraising $58,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,726 · end of year $68,570

  • 2 · Savings and temporary cash investments

    beginning of year $15,043,390 · end of year $9,447,165

  • 3 · Pledges and grants receivable

    beginning of year $6,948,373 · end of year $24,248,372

  • 4 · Accounts receivable

    beginning of year $0 · end of year $913,235

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,075,896 · end of year $1,324,554

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

    $276,048,268

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

    $135,135,286

  • 10c · Land, buildings and equipment, net

    beginning of year $139,081,814 · end of year $140,912,982

  • 11 · Investments: publicly traded securities

    beginning of year $210,963,077 · end of year $170,539,568

  • 12 · Investments: other securities

    beginning of year $915,966,205 · end of year $972,573,202

  • 15 · Other assets

    beginning of year $3,224,825 · end of year $3,446,280

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,206,105 · end of year $10,573,078

  • 19 · Deferred revenue

    beginning of year $11,746,164 · end of year $6,669,231

  • 20 · Tax-exempt bond liabilities

    beginning of year $26,800,000 · end of year $12,400,000

  • 25 · Other liabilities

    beginning of year $67,983,921 · end of year $112,683,850

  • 27 · Net assets without donor restrictions

    beginning of year $467,796,445 · end of year $470,534,001

  • 28 · Net assets with donor restrictions

    beginning of year $699,820,671 · end of year $710,613,768

Mission and programs · 2022

Mission

THE INSTITUTE FOR ADVANCED STUDY (THE INSTITUTE) IS ONE OF THE WORLD'S LEADING CENTERS FOR THEORETICAL RESEARCH AND INTELLECTUAL INQUIRY. SEE SCHEDULE O.

Activities or mission (Part I)

LEADING CENTER FOR THEORETICAL RESEARCH AND DISCOVERY. SEE SCHEDULE O.

  • SCHOOL PROGRAMS: THE WORK AT THE INSTITUTE TAKES PLACE IN FOUR SCHOOLS: HISTORICALSTUDIES, MATHEMATICS, NATURAL SCIENCES AND SOCIAL SCIENCES. SEESCHEDULE O FOR FURTHER DETAILS.

    Expenses $41,347,111 · Grants $14,040,211 · Revenue $3,603,245

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

Listed in Part VII

  • David Nirenberg

    DIRECTOR/TRUSTEE

    Total calculated
    $816,135
    From this org
    $753,500
    From related orgs
    $0
    Other
    $62,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $660,315
    Bonus
    $0
    Other
    $93,185
    Deferred
    $37,665
    Nontaxable benefits
    $24,970
    Filer's total
    $816,135

  • Charles Simonyi

    CHAIR (THRU 5/23)/CHAIR EMER/TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • John Overdeck

    TRUSTEE (THRU 5/23)/CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Nancy B Peretsman

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Neil A Chriss

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nancy S MacMillan

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Christopher Cole

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shirley Tilghman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Victoria B Bjorklund

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sandra Peterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mario Draghi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mark Heising

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jeanette Lerman-Neubauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David M Rubenstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Narayana Murthy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Darvd F Marquardt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter Svennilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jorn Rausing

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ann-Kristin Achleitner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bernard Harcourt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Fred Hu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Speiser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pauline Yu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carl P Feinberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wendell P Weeks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gigliola Staffilani

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eva Marder

    TRUSTEE (AS OF 5/23)

    Total calculated
    $0
    Hours/week
    1

  • Ewine F Van Dishoeck

    TRUSTEE (THRU 5/23)

    Total calculated
    $0
    Hours/week
    1

  • Roger W Ferguson Jr

    TRUSTEE (THRU 2/23)

    Total calculated
    $0
    Hours/week
    1

  • Afsaneh Beschloss

    TRUSTEE (THRU 5/23)

    Total calculated
    $0
    Hours/week
    1

  • Janine Purcaro

    ASSOCIATE DIRECTOR FOR FINANCE

    Total calculated
    $541,136
    From this org
    $489,732
    From related orgs
    $0
    Other
    $51,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $386,439
    Bonus
    $75,000
    Other
    $28,293
    Deferred
    $37,665
    Nontaxable benefits
    $16,747
    Filer's total
    $544,144

  • Alexandra Day

    ASSOCIATE DIRECTOR (AS OF 2/23)

    Total calculated
    $0
    Hours/week
    40

  • Jeffrey Gatto

    CHIEF INVESTMENT OFFICER

    Total calculated
    $679,338
    From this org
    $629,934
    From related orgs
    $0
    Other
    $49,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $624,651
    Bonus
    $0
    Other
    $5,283
    Deferred
    $37,665
    Nontaxable benefits
    $15,819
    Filer's total
    $683,418

  • Matias Zaldarriaga

    NATURAL SCIENCE FACULTY

    Total calculated
    $517,583
    From this org
    $444,827
    From related orgs
    $0
    Other
    $72,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $413,606
    Bonus
    $0
    Other
    $31,221
    Deferred
    $37,665
    Nontaxable benefits
    $37,122
    Filer's total
    $519,614

  • Nathan Seiberg

    NATURAL SCIENCE FACULTY

    Total calculated
    $496,352
    From this org
    $432,853
    From related orgs
    $0
    Other
    $63,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $395,493
    Bonus
    $0
    Other
    $37,360
    Deferred
    $37,665
    Nontaxable benefits
    $27,866
    Filer's total
    $498,384

  • Nima Arkani-Hamed

    NATURAL SCIENCE FACULTY

    Total calculated
    $489,509
    From this org
    $428,760
    From related orgs
    $0
    Other
    $60,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,493
    Bonus
    $0
    Other
    $7,267
    Deferred
    $37,665
    Nontaxable benefits
    $25,116
    Filer's total
    $491,541

  • James M Stone

    NATURAL SCIENCE FACULTY

    Total calculated
    $480,443
    From this org
    $418,734
    From related orgs
    $0
    Other
    $61,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $407,678
    Bonus
    $0
    Other
    $11,056
    Deferred
    $37,665
    Nontaxable benefits
    $26,076
    Filer's total
    $482,475

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 · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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 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 A LISTED INDIVIDUAL RECEIVED A BONUS REPORTED ON SCHEDULE J, PART II, COLUMN B(II). THIS BONUS WAS APPROVED BY THE BOARD.

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

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.

  • IAS-POOLED INCOME FUND

    T · CHARITABLE · NJ · 74% owned · share of assets $31,773 · controlled entity

    Directly controlled by IAS

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202401279349303070

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