2017-08-09T10:53:34-05:00 2016-09-30 GRANT THORNTON LLP 757 THIRD AVE 4TH FLOOR NEW YORK NY 100172013 990 2015-10-01 130434195 American Society for Technion - Israel Institute for Technology Inc % ANITA ENRIQUEZ AMER 2124076300 55 East 59th Street New York NY 100221710 MICHAEL WAXMAN-LENZ Sr. VP, Finance, CFO 2124076300 2017-08-08 true Qi Wen Liang P01270238 2125990100 2015 2021-01-29 14:40:06Z American Technion Society Jeffrey Richard 55 East 59th Street New York NY 100221710 170600417 false X www.ats.org X 1940 NY To promote, encourage and advance technological, scientific and industrial higher and secondary education, research and training in Israel and elsewhere. 81 81 96 320 35515 80177368 103294031 0 0 8763969 6562246 3219 -219400 88944556 109636877 72162788 85519737 0 0 14135056 13250391 30372 65000 12348054 7861574 8759999 94189790 107595127 -5245234 2041750 471873985 493521906 37861659 35670359 434012326 457851547 X THE AMERICAN TECHNION SOCIETY (ATS) HAS BEEN A VITAL PARTNER IN THE TECHNION'S UNPARALLELED GROWTH AND ACHIEVEMENT. AS A LEADING AMERICAN ORGANIZATION SUPPORTING HIGHER EDUCATION IN ISRAEL, THE ATS HAS PIONEERED A LASTING PARTNERSHIP WITH THE CREATORS OF SCIENCE AT TECHNION CITY IN HAIFA. SUPPORTED BY A NETWORK OF DYNAMIC LEADERSHIP AND THOUSANDS OF DEDICATED MEMBERS, THE ATS IS COMMITTED TO THE BELIEF THAT THE FUTURE OF HIGH TECHNOLOGY IN ISRAEL IS AT THE TECHNION. SINCE ITS FOUNDING IN 1940 ATS HAS RAISED MORE THAN $2.0 BILLION FOR THE TECHNION. THE MISSION OF ATS IS TO ENABLE THE TECHNION TO BE AMONG THE WORLD'S LEADING INSTITUTIONS IMPROVING THE WELL-BEING OF ISRAEL AND ALL HUMANITY THROUGH LEADERSHIP IN SCIENCE AND TECHNOLOGY. INC. false false 12436580 12436580 0 The Andrew and Erna Viterbi Faculty of Electrical Engineering enjoys a worldwide reputation for leadership in key areas of communications, electronics and computer engineering. The department has extensive relationships with the high-tech industry, and its liaison program includes over 30 member companies. It is the largest engineering department in Israel, with more than 2,000 students, and is consistently ranked among the world's top 10 electrical and computer engineering departments. The support provided by the grant will help cement the Technion's status as a leader in the fields of electrical engineering and computer engineering. It will also enable the university to recruit and retain first-rate faculty and graduate students in those disciplines, and to upgrade the teaching and research infrastructure. 25000000 25000000 0 A partnership between Cornell University and the Technion-Israel Institute of Technology, the Jacobs Technion-Cornell Institute is a key component of Cornell Tech, the world-class applied sciences campus opening on New York City's Roosevelt Island in 2017. The Jacobs Institute is delivering a new kind of multidisciplinary education and research, dedicated to producing engineers, scientists and technology experts with real-world entrepreneurial experience. Students enrolled in the two-year Master of Science (M.S.) in Information Systems program earn dual master's degrees concurrently - one from Cornell and one from the Technion - in Connective Media and Health Tech. Faculty, postdoctoral associates and graduate students pursue basic and applied research, in collaboration with industry partners. A priority is research on topics with potential for technology transfer to established companies, or to form the basis of entrepreneurial ventures. The campus will also house an onsite startup incubator and accelerator space, as well as a technology transfer office to assist in obtaining patents and moving technology from the lab to the marketplace. 3202004 3202004 0 The Alfred Mann Institute for Biomedical Development at the Technion ("AMIT") was established in 2006 to transform innovative technologies developed by Technion researchers into medical devices, pharmaceuticals and biologics that contribute to improving human health worldwide. AMIT screens and evaluates research projects with potential for commercial applications. Following positive feasibility studies, AMIT may assemble a team that can commercialize the science and lead preclinical and clinical activities. 45668008 44881153 0 86306592 true true false false false true false false false true true true false true true true true false false false true true false true true false false true false true false false false false false false false false true false false false false true false false false true 327 0 true 96 true true true true IS false false false true true false false false false false false false X 81 81 true false false false false false false true true false true true true true true true true true true true false CA CT FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OR PA RI SC TN UT VA WA WV WI X ANITA ENRIQUEZ 2124076357 55 EAST 56TH STREET New York NY 10022 scott myles black board member 1.0 0.0 X 0 0 0 robert n brand board member 1.0 0.0 X 0 0 0 evelyn edith berger board member 1.0 0.0 X 0 0 0 steve berger board member 1.0 0.0 X 0 0 0 marilyn caplovitz board member 1.0 0.0 X 0 0 0 leona chanin board member 1.0 0.0 X 0 0 0 rena conner board member 1.0 0.0 X 0 0 0 jeffrey cosiol board member 1.0 0.0 X 0 0 0 Mark Dorner Board Member 1.0 0.0 X 0 0 0 Dr George Elbaum Board Member 1.0 0.0 X 0 0 0 steven emerson board member 1.0 0.0 X 0 0 0 Carol B Epstein Board Member 1.0 0.0 X 0 0 0 Israel Feldman Board Member 1.0 0.0 X 0 0 0 Irwin S Field Board Member 1.0 0.0 X 0 0 0 Edith Fischer Board Member 1.0 0.0 X 0 0 0 Gill Fishman Board Member 1.0 0.0 X 0 0 0 Ruth E Flinkman-Marandy Board Member 1.0 0.0 X 0 0 0 Laura Flug Board Member 1.0 0.0 X 0 0 0 Alan Forman Board Member 1.0 0.0 X 0 0 0 Joseph Freed Board Member 1.0 0.0 X 0 0 0 Mark Gaines Board Member 1.0 0.0 X 0 0 0 Terry N Gardner Board Member 1.0 0.0 X 0 0 0 Edward R Goldberg Board Member 1.0 0.0 X 0 0 0 Irwin Gross Board Member 1.0 0.0 X 0 0 0 Uzi Halevy Board Member (THRU 11/7/2015) 1.0 0.0 X 0 0 0 Harry Handelsman Board Member 1.0 0.0 X 0 0 0 Tamara Handelsman Board Member 1.0 0.0 X 0 0 0 Robert Hanisee Board Member 1.0 0.0 X 0 0 0 Sandy Hittman Board Member 1.0 0.0 X 0 0 0 linda kovan board member 1.0 0.0 X 0 0 0 Theodore H Krengel Board Member 1.0 0.0 X 0 0 0 aggie kuperman board member 1.0 0.0 X 0 0 0 Marshall Lasser Board Member 1.0 0.0 X 0 0 0 Charles E Levin Board Member 1.0 0.0 X 0 0 0 Alfred Munzer MD Board Member 1.0 0.0 X 0 0 0 Bennett Nathanson Board Member 1.0 0.0 X 0 0 0 Ruth Nathanson Board Member 1.0 0.0 X 0 0 0 Beth S Perlman Board Member 1.0 0.0 X 0 0 0 Michael J Pierce board member 1.0 0.0 X 0 0 0 David A Polak Board Member 1.0 0.0 X 0 0 0 bennet rechler board member 1.0 0.0 X 0 0 0 David Lee Ronn Board Member 1.0 0.0 X 0 0 0 Howard Rosenbloom Board Member 1.0 0.0 X 0 0 0 Kenneth Rubenstein Board Member 1.0 0.0 X 0 0 0 Nina Madden Sabban board member 1.0 0.0 X 0 0 0 Joel W Schwartz Board Member 1.0 0.0 X 0 0 0 Arnold Seidel board member 1.0 0.0 X 0 0 0 Norman Seiden Board Member 1.0 0.0 X 0 0 0 Les Seskin Board Member 1.0 0.0 X 0 0 0 Leonard H Sherman Board Member 1.0 0.0 X 0 0 0 Stanley Shirvan Board Member 1.0 0.0 X 0 0 0 Irv Silver Board Member 1.0 0.0 X 0 0 0 Cindy Sipkin Board Member 1.0 0.0 X 0 0 0 mark sheinkopf board member 1.0 0.0 X 0 0 0 Janet Shatz Snyder Board Member 1.0 0.0 X 0 0 0 Jonathan Sohnis Board Member 1.0 0.0 X 0 0 0 Ben Z Sosewitz Board Member (THRU 11/14/2015) 1.0 0.0 X 0 0 0 Ed Statell Board Member 1.0 0.0 X 0 0 0 Ivan Stern Board Member 1.0 0.0 X 0 0 0 Janey Sweet Board Member 1.0 0.0 X 0 0 0 Bernice R Tanenbaum Board Member 1.0 0.0 X 0 0 0 Ira Taub Board Member 1.0 0.0 X 0 0 0 Debbie Vanderveer Board Member 1.0 0.0 X 0 0 0 robert a davidow board member 1.0 0.0 X 0 0 0 Nathan Fischel bOARD MEMBER 1.0 0.0 X 0 0 0 Mitchell Julis bOARD MEMBER 1.0 0.0 X 0 0 0 Fariba Godshian bOARD MEMBER 1.0 0.0 X 0 0 0 Sol Glasner Board Member 1.0 0.0 X 0 0 0 Sol Gordon Board Member 1.0 0.0 X 0 0 0 Eric Stein Board Member 1.0 0.0 X 0 0 0 Nancy Aronson Assistant Secretary 1.0 0.0 X X 0 0 0 Zahava Bar-Nir President 1.0 0.0 X X 0 0 0 Norman Belmonte Board Member 1.0 0.0 X 0 0 0 Rod Feldman Secretary 1.0 0.0 X X 0 0 0 Lawrence S Jackier Board member 1.0 0.0 X 0 0 0 Martin Kellner Honorary Chairman 1.0 0.0 X X 0 0 0 Dr Stephen A Laser Vice Chairman 1.0 0.0 X X 0 0 0 Scott Leemaster Chairman 1.0 0.0 X X 0 0 0 Sid Lejfer Assistant Treasurer 1.0 0.0 X X 0 0 0 Joel S Rothman Board Member 1.0 0.0 X 0 0 0 Joan Seidel Vice Chairman 1.0 0.0 X X 0 0 0 Senator Paul B Steinberg Treasurer 1.0 0.0 X X 0 0 0 Ilene Berger Board Member 1.0 0.0 X 0 0 0 Michael Schementi Sr. VP, Finance/CFO 40.0 0.0 X 308649 0 70980 Melvyn Bloom EVP Emeritus (thru 5/13/2016) 40.0 0.0 X 406757 0 265991 Jeffrey Richard Executive VP 40.0 0.0 X 535193 0 63825 Beth Wilner Sr. VP, Dvlpmt(Thru 7/31/2015) 40.0 0.0 X 720690 0 57073 Tova Kantrowitz Sr. VP, External Relations 40.0 0.0 X 159103 0 76864 Dave Doneson Sr. VP Resource Development 40.0 0.0 X 220525 0 25690 Jerome Kleinman Associate VP, Principal Gifts 40.0 0.0 X 252350 0 50667 Mark Hefter Associate VP of Planned Giving 40.0 0.0 X 227862 0 84356 Joel Berkowitz Regional Director 40.0 0.0 X 203971 0 55460 Irv Elenberg Regional Director 40.0 0.0 X 193446 0 47149 Jessica Feldan Regional Director 40.0 0.0 X 191981 0 81486 Ivan Schonfeld Former Regional Director 0.0 0.0 X 187770 0 0 3608297 0 879541 41 true true false Prime Buchholz Associates 273 Corporate Drive PORTSMOUTH NH 03801 Investment advisory 251211 Alliance Bernstein 1 North Lexington Avenue 16th Floo WHITE PLAINS NY 10601 Investment Advisory 132818 Brian Chapman 238 West 108th Street 2 NEW YORK NY 10025 Mgmt Consultant 116666 Ads Advertizing Mailing Services 105-109 Ann Street NEWBURGH NY 12550 Advertising 117394 Phil Company 833 Broadway 3rd Floor NEW YORK NY 10003 Marketing 114292 7 948956 102345075 1969354 103294031 0 8915200 35515 8879685 0 0 0 0 0 58172986 60525940 -2352954 -2352954 -2352954 218200 948956 437600 -219400 -219400 0 0 0 109636877 35515 6307331 28737448 28737448 0 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INTERESTS IN TRUSTS 28306104 LIFE INSURANCE POLICIES 2389412 OTHER RECEIVABLES 592824 31288340 0 ANNUITY OBLIGATIONS 17377845 17377845 X 130565722 21797471 21797471 108768251 914402 -45776 868626 109636877 106726501 45776 45776 106680725 914402 914402 107595127 Endownment Funds Schedule D, Part V, Line 4 Endowment funds are intended to support the following program service projects at the Technion University: Scholarships; Fellowships; Research; Student loans and aids; Professorial Chairs; Lectureships; Prizes; Books and Building Maintenance. A portion of the earnings of the endowment fund is used to support the operating cost of the organization. FIN 48 Part X, Line 2 The society follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This standard provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The society is exempt from federal income tax under IRC section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The society has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The tax years ended September 30, 2013, 2014, 2015 and 2016 are still open to audit for both federal and state purposes. The society has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. REVENUE RECONCILIATION Part XI, Line 4b Reclass of Gala Event Expenses - $(45,776) EXPENSE RECONCILIATION Part XII, Line 2d Reclass of Gala Event Expenses - $45,776 true Middle East and North Africa Grantmaking 56782289 Central America and the Caribbean Investments 48469060 Middle East and North Africa Investments 22649844 127901193 127901193 Middle East and North Africa SEE PART V 56782289 wire 1 true false true true true false Schedule F, Part I, Line 1 The Society's fundraisers with the support of designated staff/departments are responsible for monitoring the University's compliance with the grant requirements. The Grants Compliance Manager keeps track of University's compliance with donor requirements for major projects in liason with the regional fundraising staff. This includes obtaining on a regular basis any of the following: cash flows, budget reports and reports on the actual use of funds, acknowledgment letters from recipients of scholarships, fellowships and other student assistance programs, reports on the activities and status/outcome of research projects and academic chairs, and photos of ongoing and completed capital projects. Donors who supported laboratories, dormitories and other capital infrastructure projects are encouraged to attend groundbreaking and/or inauguration ceremonies at the University. Every three years, ATS engages a local accounting firm in Israel to perform an audit of selected grants to the University to ensure that grant requirements and donor recognition are properly complied with. The audit report is reviewed and approved by the organization's Audit Committee. Schedule F, Part II, Line I, Column (d) ALL FOREIGN GRANTS ARE MADE TO THE TECHNION ISRAEL INSTITUTE OF TECHNOLOGY, IN HAIFA, ISRAEL. THE GRANTS SUPPORT VARIOUS UNIVERSITY PROJECTS, SUCH AS: CONSTRUCTION OR MAINTENANCE OF RESEARCH AND LEARNING CENTERS, AUDITORIUMS, STUDENT DORMITORIES, ETC.; PIONEERING WORLD-CLASS RESEARCH PROGRAMS; FACULTY DEVELOPMENT; FELLOWSHIPS; AND, SCHOLARSHIPS. SCHEDULE F, PART IV The American Technion Society (ATS) invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation or foreign partnership. Nevertheless, the organization's investment activities may not reach the thresholds required for filing the forms 926, 5471, 8621 or 8865. X X X X X X true WK Planning Ltd 6 West 18th treet 8th Floor New York NY 10016 2016 Gala false 1106606 76440 1030166 1106606 76440 1030166 AZ CA CO CT DE DC FL GA HI ID IL IN IA KS KY ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Technion Gala 1106606 919106 187500 148058 99025 20189 132915 NE Dinner 60550 29850 30700 16773 14950 500 5190 0 1167156 948956 218200 164831 113975 20689 138105 437600 -219400 Part I, Line 2b The agreement with WK Planning Ltd. states the professional fundraising fees to be paid in equal monthly installments. Apart from this fee, out of pocket expenses were presented separately by the fundraiser and reimbursed as they incurred. The amount reported in column (v) is the gross amount paid to WK Planning Ltd. true Jacobs Technion-Cornell Institute 111 8Th Ave Suite 302 New York NY 10011 464395157 501(C)(3) 28674599 Various Projects University of Massachusetts 55 Lake Avenue North Worcester MA 01655 042108190 501(C)(3) 22000 General Support UC San Diego School of Medicine 9500 Gilman Drive San Diego CA 92093 952872494 501(C)(3) 18000 General Support 3 Schedule I, Part I, Line 2 Grants sent to Cornell University, for the Jacobs Technion Cornell Institute (JTCI), represents funds donated to ATS that were designated to support the collaboration between Technion University and Cornell University establishing the JTCI on the Cornell Tech campus. JTCI, is a 501(c)(3) organization, is in its early stage of operations. The Institute offers nontraditional academic programs focused on offering a global perspective on technology transfer, commercialization and entrepreneurship. ATS is coordinating with JTCI to receive regular reports on the usage of funds received from ATS. For donor advised funds, donor sends in a grant request. ATS verifies 501(c)(3) status of proposed grantee, and sends a form requesting donor to confirm that grant will not provide any personal benefit to his or her family. once the form is received and exempt status verified, approval of donor advised fund committee is obtained and check is cut for the grantee. ats sends check with a letter to grantee specifying limitations as to use of the grant, i.e. it should not provide any personal benefit to the DAF donor. X true true X X X X true true false false false false false true false Michael Schementi Sr. VP, Finance/CFO 299292 0 5000 0 4357 0 45275 0 25705 0 379629 0 0 0 Melvyn Bloom EVP Emeritus (thru 5/13/2016) 369216 0 0 0 37541 0 198794 0 67197 0 672748 0 0 0 Jeffrey Richard Executive VP 508921 0 25000 0 1272 0 7420 0 56405 0 599018 0 0 0 Beth Wilner Sr. VP, Dvlpmt(Thru 7/31/2015) 160255 0 0 0 560435 0 26272 0 30801 0 777763 0 0 0 Tova Kantrowitz Sr. VP, External Relations 157533 0 0 0 1570 0 20968 0 55896 0 235967 0 0 0 Dave Doneson Sr. VP Resource Development 220135 0 0 0 390 0 0 0 25690 0 246215 0 0 0 Jerome Kleinman Associate VP, Principal Gifts 245519 0 0 0 6831 0 22467 0 28200 0 303017 0 0 0 Mark Hefter Associate VP of Planned Giving 225715 0 0 0 2147 0 28961 0 55395 0 312218 0 0 0 Joel Berkowitz Regional Director 196430 0 2500 0 5041 0 31429 0 24031 0 259431 0 0 0 Irv Elenberg Regional Director 192844 0 0 0 602 0 23122 0 24027 0 240595 0 0 0 Jessica Feldan Regional Director 188806 0 2500 0 675 0 24749 0 56737 0 273467 0 0 0 Ivan Schonfeld Former Regional Director 0 0 0 0 187770 0 0 0 0 0 187770 0 0 0 Part I, Line 1a - Tax Indemnification And Gross-Up Payments THE EVP Emeritus RECEIVES A MINIMAL TAX INDEMNIFICATION PAYMENT BASED ON HIS EMPLOYMENT CONTRACT. AMOUNT IS REPORTED AS PART OF THE EXECUTIVE'S GROSS COMPENSATION. Part I, Line 4a ATS paid $543,840 of separation pay to Beth Wilner, and $187,770 to Ivan Schonfeld. Part I, Line 4b ATS contributed $155,248 to a rabbi trust account for Melvyn Bloom, Executive Vice President, Emeritus. Part I, Line 7 Bonuses were paid out during the year that constituted non fixed payments. THE EXECUTIVE VICE PRESIDENT'S BONUS IS DETERMINED BY THE MANAGEMENT COMMITTEE MADE UP OF THE PRESIDENT AND OTHER KEY MEMBERS OF THE BOARD OF DIRECTORS. ALL OTHER BONUSES ARE REQUESTED BY SUPERVISORS BASED ON EXTRAORDINARY PERFORMANCE IN THE PAST YEAR AND a FINAL DECISION IS MADE BY THE EXECUTIVE VICE PRESIDENT. X 43 1969354 Proceeds from sale false true false PART III, LINE 4D OTHER PROGRAM SERVICES The Technion is known for its world-class research in a range of areas including biotechnology, biomedical engineering, cancer, defense, life sciences, nanotechnology, autonomous systems, stem cells and regenerative medicine, and water resources/reclamation. In 2016, the American Technion Society provided funding for the Technion Integrated Cancer Center and research in areas including alternative fuels and renewable energy resources; neurodegenerative diseases such as Alzheimers and Parkinsons; nanophotonics; and aerospace and satellites. ATS donors fund scholarships for undergraduate students who lack the resources to meet tuition and other basic costs, fellowships for masters and doctoral students with strong academic records, as well as fellowships for postdoctoral candidates pursuing research. Another top Technion priority is faculty recruitment and retention,and ATS supporters are instrumental in providing the laboratory facilities, state-of-the-art equipment, technical support and necessary resources for conducting breakthrough work. They also provide support for capital projects on campus, such as renovating the visitors center and constructing dormitory housing for undergraduate and graduate students. Part VI, Section A, Line 1B Delegation of Authority The Finance Transactions Committee acts on behalf of the Board between meetings on financial matters not exceeding $2 million, and provides oversight and coordination of other board financial committees. Part VI, Section A, Line 2 Family and Business Relationships The following are board members with business or family relationships: Alan Forman & Jonathan Sohnis - Business relationship Harry & Tamara Handelsman - Family relationship Bennett & Ruth Nathanson - Family relationship Arnold & Joan Seidel - Family relationship Steve & Ilene Berger - Family relationship Form 990, Part VI, Section B, Line 11 Review of Form 990 The review of the form 990 will be conducted in the following manner. the final form 990 will be distributed to the sr. vp/cfo, executive vp, and audit committee for review and approval and then distributed to the board of directors in either paper or electronic form prior to filing. Form 990, Part VI, Section B, Line 12c Monitoring & Enforcement of Conflict of Interest Policy Conflict of interest policy and disclosure form are distributed annually to all board members, officers and managerial staff. Each one is required to sign and return the disclosure form. ATS counsel reviews disclosures to determine conflict and reports these to the audit committee for review and approval. directors and staff with a conflict are prohibited from participating in discussions and decisions related to the transaction. Form 990, Part VI, Section B, Lines 15a & 15b PROCESS FOR DETERMINING COMPENSATION FOR TOP MANAGEMENT OFFICIAL AND OTHER KEY EMPLOYEES The executive vice president's (CEO) compensation is determined by a committee which is made up of the following officers of the board of directors: chairman of the board; vice chairmen of the board; and president of the board. from time to time the chairman of the board may choose to include the honorary chairman of the board and/or chairman of the personnel committee. the ceo's compensation is determined by contract and increases annually according to the terms of the contract. from time to time, the committee engages an independent compensation consultant for comparability date and substantiation. The committee then substantiates its decision with a memorandum which is signed by the president. With regard to the officers and key employees, from time to time ats engages in information sharing with other non-profits to evaluate its compenstion package. in some years ATS is able to gather the information anonymously. ATS does this to confirm that its salaries and benefits are in line with the market. Form 990, Part VI, Section B, Line 19 The Society's Financial statements are posted on its website; copies of other corporate documents such as; Form 990 and conflict of interest policy are provided upon request. Charitable remainder trust(1) Perpetual trust (1) false false false false false false false false false false false false false false false false false false true Perpetual Trust (1) S 72147 CASH