Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $65,157,193

• 1f · All other contributions, gifts and grants

  $169,820,465

• 2a · Program service revenue: SERVICE INCOME

  total $409,764 · related or exempt $409,764

• 2b · Program service revenue: MATERIAL TRANSFER

  total $158,494 · related or exempt $158,494

• 3 · Investment income

  total $5,377,758 · excluded $5,377,758

• 5 · Royalties

  total $439,382 · excluded $439,382

• 7a · Gross sales of assets other than inventory

  securities $28,426,616 · other assets $95,000

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

  securities $29,579,564 · other assets $200

• 7c · Gain or loss

  securities -$1,152,948 · other assets $94,800

• 7d · Net gain or loss

  total -$1,058,148 · excluded -$1,058,148

• 11a · Other revenue: REIMBURSEMENTS

  total $113,240 · excluded $113,240

• 11e · Other revenue, total

  $113,240

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $13,161,961 · program services $13,161,961

• 3 · Grants to foreign organizations and individuals

  total $1,747,578 · program services $1,747,578

• 5 · Compensation of officers, directors and key employees

  total $3,500,100 · management and general $3,500,100

• 7 · Other salaries and wages

  total $91,548,408 · program services $72,724,084 · management and general $18,824,324

• 8 · Pension plan contributions

  total $5,225,996 · program services $4,085,161 · management and general $1,140,835

• 9 · Other employee benefits

  total $9,534,076 · program services $6,960,805 · management and general $2,573,271

• 10 · Payroll taxes

  total $7,603,840 · program services $6,039,618 · management and general $1,564,222

• 11b · Fees: legal

  total $925,048 · program services $241,307 · management and general $683,741

• 11c · Fees: accounting

  total $210,741 · management and general $210,741

• 11d · Fees: lobbying

  total $230,000 · management and general $230,000

• 11g · Fees: other

  total $15,215,570 · program services $10,773,120 · management and general $4,442,450

• 13 · Office expenses

  total $161,571 · program services $124,476 · management and general $37,095

• 14 · Information technology

  total $13,834,177 · program services $9,347,731 · management and general $4,486,446

• 15 · Royalties

  total $137,111 · management and general $137,111

• 16 · Occupancy

  total $23,879,989 · program services $19,891,866 · management and general $3,988,123

• 17 · Travel

  total $2,837,062 · program services $1,380,476 · management and general $1,456,586

• 19 · Conferences, conventions and meetings

  total $1,932,005 · program services $981,296 · management and general $950,709

• 20 · Interest

  total $7,647 · management and general $7,647

• 22 · Depreciation, depletion and amortization

  total $10,805,703 · program services $9,491,005 · management and general $1,314,698

• 24a · Other expenses: LABORATORY SUPPLIES

  total $16,813,313 · program services $16,813,313

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $418,523 · program services $191,207 · management and general $227,316

• 24c · Other expenses: PUBLIC EDUCATION

  total $344,613 · program services $239,089 · management and general $105,524

• 24e · All other expenses

  total $532,013 · program services $229,815 · management and general $302,198

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,771,793 · end of year $16,342,774

• 2 · Savings and temporary cash investments

  beginning of year $53,722,101 · end of year $78,295,973

• 3 · Pledges and grants receivable

  beginning of year $12,365,029 · end of year $12,031,019

• 4 · Accounts receivable

  beginning of year $2,211,584 · end of year $897,525

• 5 · Loans and receivables from officers and key people

  beginning of year $570,000 · end of year $510,000

• 8 · Inventories for sale or use

  beginning of year $405,139 · end of year $420,837

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,683,455 · end of year $5,029,870

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

  $155,608,191

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

  $90,886,286

• 10c · Land, buildings and equipment, net

  beginning of year $63,837,765 · end of year $64,721,905

• 11 · Investments: publicly traded securities

  beginning of year $50,037,568 · end of year $47,166,882

• 15 · Other assets

  beginning of year $121,046,031 · end of year $125,943,900

• 17 · Accounts payable and accrued expenses

  beginning of year $16,795,886 · end of year $22,844,782

• 19 · Deferred revenue

  beginning of year $442,669 · end of year $1,651,343

• 25 · Other liabilities

  beginning of year $121,052,444 · end of year $125,337,139

• 27 · Net assets without donor restrictions

  beginning of year $175,975,451 · end of year $196,072,212

• 28 · Net assets with donor restrictions

  beginning of year $3,384,015 · end of year $5,455,209

The filer's explanations (Part III)

PART I, LINE 1A

PERIODICALLY, SENIOR EXECUTIVES MAY TAKE FIRST CLASS TRAVEL DUE TO LENGTH OF THE TRIP, TIMING OF FLIGHT OR VISIT SCHEDULE. TAX GROSS UPS OF MOVING EXPENSES MAY BE PAID TO RECRUIT NEW EMPLOYEES. ALL EMPLOYEES ARE ENTITLED TO 75% OF HEALTH CLUB DUES REIMBURSEMENT (UP TO $140 OF REIMBURSEMENT/MONTH), BUT NOT UNDER A QUALIFIED BENEFIT PLAN.

PART I, LINE 1B

WE FOLLOWED THE WRITTEN POLICIES FOR 'FIRST-CLASS OR CHARTER TRAVEL AND 'HEALTH OR SOCIAL CLUB DUES OR INITIAL FEES.' WE DO NOT HAVE A WRITTEN 'HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE' POLICY.

PART I, LINE 7

THE PRESIDENT, EXECUTIVES, AND CERTAIN SENIOR INSTITUTE LEADERS ARE ELIGIBLE FOR AN ANNUAL PERFORMANCE BONUS BASED UPON ATTAINMENT OF INSTITUTE-WIDE OR, INDIVIDUAL GOALS. NEAR THE END OF THE COMPENSATION YEAR (JANUARY-DECEMBER). INSTITUTE SENIOR LEADERSHIP ASSESSED THEIR PERFORMANCE RELATIVE TO GOALS, REVIEWED THEIR SELF-ASSESSMENT WITH THEIR MANAGER WHO MADE A FINAL DECISION ON PERFORMANCE SCORES. ALL SCORES AND ASSOCIATED BONUSES WERE PRESENTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL.