2014-08-04T16:22:00-05:00 2013-09-30 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2012-10-01 130434195 American Society for Technion - Israel Institute for Technology Inc % ANITA ENRIQUEZ AMER 2124076300 55 east 59th street Suite new york NY 100221710 michael schementi 2014-08-01 Laura Kielczewski 2125990100 2012 2015-11-30 17:44:51Z AMERICAN TECHNION SOCIETY michael schementi 55 east 59th street new york NY 100221710 213781988 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. 76 76 92 150 74610 46231 65391706 78732133 0 0 19495925 12941714 -8755 -13365 84878876 91660482 60360336 49881186 0 0 11864769 12041535 42000 0 10207091 6584074 7691961 78851179 69614682 6027697 22045800 475223419 504399867 44647264 43282384 430576155 461117483 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 $1.9 Billion for the Technion. false false 4231301 4231301 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. 3566105 3566105 The Karen Lehman Complex in the Technion Computer Engineering Center and the Karen Lehman Floor in the Emerson Family Life Sciences building: Launched in 2011, the Technion Computer Engineering (TCE) Center is combining technological support from the Faculty of Electrical Engineering with theoretical support from the Faculty of Computer Science. Its vision is to become a leading research center in applied areas of computer engineering, and to serve as an open meeting and collaboration center for academia and high-tech industry. By providing a novel collaboration venue that will drive research and innovation, the TCE will exploit the Technions strengths in computer science and electrical engineering to bridge the gap between academia and industry. Among the Centers many activities are an annual international conference, ongoing industry interactions, numerous workshops, talks, seminars and colloquia, and visits by faculty members from around the world. The Lehman Complex will encompass two floors in the Fischbach Building. The Systems Research Floor will provide space to expand this type of synergic research that combines software and hardware, and to accommodate more faculty members. Activities may include projects in operating systems, networking, distributed systems, programming languages and mobile sensor networks. The AcademiaIndustry Cooperation Floor will provide office space for faculty members and industry affiliates, as well as open meeting space. Progress in biomedical sciences depends on close cooperation between life scientists, exact scientists and engineers. The Emerson Family Life Sciences Building is bringing these diverse RESEARCHERS TOGETHER-PROVIDING THE LABORATORY SPACE and administrative structure in which resources can be shared and ideas exchanged. Occupying two floors in the Emerson Building, the Laboratory Complex for New Technion Faculty will provide temporary lab space, enabling new faculty recruits to begin their research as soon as they arrive on campus. It will also serve current faculty members whose labs are being upgraded. The Lehman Floor will house four large labs equipped with standard, state-of-the-art research infrastructure and essential tools. 1850090 1850090 The Nancy and Stephen Grand Technion Energy Program: The solution to the energy crisis is threefold: conservation, developing renewable energy sources, and improving the efficiency of buildings and combustion technologies. Energy research at the Technion falls into the following four major program areas: alternative fuels; energy storage and conversion; renewable energy sources; and energy conservation. The Grand Technion Energy Program brings together leading science and engineering researchers to discover and exploit alternative and renewable energy sources, locate and develop non-carbon-based fuels, seek solutions for more efficient energy use, and reduce the environmental damage caused by the production and burning of fossil fuels. 40773941 40233690 other program services 40773941 40233690 50421437 true true false false false true false false false true true true false true true true true false false false true true false false true false false true false true false false false false false false false false true false false false false false false false false false true 315 0 true 92 true true true true IS false false false true true true 1 false false false false false false X 76 76 true false false false false false false true true false true true true true true true true true true true false AZ CA CO CT DE DC FL GA IL KS ME MD MA MI MN NV NH NJ NY NC OH OK OR PA RI TX VA WA WV WI X ANITA ENRIQUEZ 2124076357 55 EAST 59TH STREET new york NY 10022 Zahava Bar-Nir 3.0 X X 0 0 Norman Belmonte 2.0 X 0 0 Evelyn Edith Berger 2.0 X 0 0 Steve Berger 2.0 X 0 0 Scott Myles Black 2.0 X 0 0 Robert N Brand 2.0 X 0 0 Marilyn Caplovitz 2.0 X 0 0 Leona Chanin 2.0 X 0 0 Rena Conner 2.0 X 0 0 Jeffrey Cosiol 2.0 X 0 0 Robert A Davidow 2.0 X 0 0 Mark Dorner 2.0 X 0 0 George Elbaum 2.0 X 0 0 Carol B Epstein 2.0 X 0 0 Israel Feldman 2.0 X 0 0 Rod Feldman 2.0 X X 0 0 Irwin S Field 2.0 X 0 0 Edith Fischer 2.0 X 0 0 Gill Fishman 2.0 X 0 0 Ruth E Flinkman-Marandy 2.0 X 0 0 Laura Flug 2.0 X 0 0 Alan Forman 2.0 X 0 0 Joseph Freed 2.0 X 0 0 Mark Gaines 2.0 X 0 0 Terry N Gardner 2.0 X 0 0 Edward R Goldberg 2.0 X 0 0 Jack E Goldman 2.0 X 0 0 Irwin Gross 2.0 X 0 0 Uzi Halevy 2.0 X 0 0 Harry Handelsman 2.0 X 0 0 Tamara Handelsman 2.0 X 0 0 Robert Hanisee 2.0 X 0 0 Sandy Hittman 2.0 X 0 0 Lawrence S Jackier 3.0 X X 0 0 Jerold A Jacover 2.0 X 0 0 Barbara Kay 2.0 X 0 0 Martin Kellner 2.0 X X 0 0 Michael F Klein 2.0 X 0 0 Theodore H Krengel 2.0 X 0 0 Stephen A Laser 3.0 X X 0 0 Scott Leemaster 4.0 X X 0 0 Sid Lejfer 2.0 X X 0 0 Charles E Levin 2.0 X 0 0 Hannan Lis 2.0 X 0 0 Bennett Nathanson 2.0 X 0 0 Ruth Nathanson 2.0 X 0 0 Beth S Perlman 2.0 X 0 0 Michael J Pierce 2.0 X 0 0 David A Polak 2.0 X 0 0 William L Robbins 2.0 X 0 0 David Lee Ronn 2.0 X 0 0 Howard Rosenbloom 2.0 X 0 0 Joel S Rothman 4.0 X X 0 0 Kenneth Rubenstein 2.0 X 0 0 Nina Madden Sabban 2.0 X 0 0 Arnold Seidel 2.0 X 0 0 Joan Seidel 2.0 X 0 0 Norman Seiden 2.0 X 0 0 Les Seskin 2.0 X 0 0 Irving A Shepard 2.0 X 0 0 Leonard H Sherman 2.0 X 0 0 Stanley Shirvan 2.0 X 0 0 Robert Shwedel 2.0 X 0 0 Irv Silver 2.0 X 0 0 Cindy Sipkin 2.0 X 0 0 Jonathan Sohnis 2.0 X 0 0 Ben Z Sosewitz 2.0 X 0 0 Paul B Steinberg 2.0 X 0 0 Ivan Stern 2.0 X 0 0 Janey Sweet 2.0 X 0 0 Bernice R Tanenbaum 2.0 X 0 0 Joseph Tanenbaum 2.0 X 0 0 Ira Taub 2.0 X 0 0 Debbie Vanderveer 2.0 X 0 0 Mary Wartell 2.0 X 0 0 Lewis M Weston 2.0 X 0 0 Jack Kay thru 413 2.0 X 0 0 Melvyn Bloom 40.0 X 526127 0 263525 Michael Schementi 40.0 X 264218 0 63379 Seth Moskowitz 40.0 X 310085 0 62597 Beth Wilner 40.0 X 250378 0 75809 Jerome Kleinman 40.0 X 230411 0 43312 Mark Hefter 40.0 X 218057 0 49499 Ivan Schonfeld 40.0 X 203845 0 54910 Al Effrat Retired 3113 40.0 X 211726 0 63053 Joel Berkowitz 40.0 X 188377 0 49325 DIANE SIEGEL TERM 5712 0.0 X 181123 0 21907 2584347 0 747316 28 true true false prime buchholz associates 273 corporate drive PORTSMOUTH NH 03801 investment advisory 222377 law office of barry boxer 1065 avenue of the americas NEW YORK NY 10018 legal 173953 silchester international investors 780 Third Avenue 42nd floor NEW YORK NY 10017 investment advisory 170734 loeb and troper 655 third avenue 1206 NEW YORK NY 10017 audit 139240 alliance bernstein 1 north lexington ave 16th floor WHITE PLAINS NY 10601 investment advisory 125460 7 20875 78711258 1910115 78732133 0 8006914 74610 7932304 0 0 0 0 0 126532985 480356 121598185 480356 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160117900 256867693 279259847 430576155 461117483 475223419 504399867 X 22045800 6946811 1548717 X false true X true false X 69012794 60097954 67200800 65391706 78732133 340435387 0 0 69012794 60097954 67200800 65391706 78732133 340435387 54061376 286374011 3013064 4864908 6833591 8965947 8006914 31684424 1844242 1072534 0 18424 68244 3003444 18549 22650 15100 23625 29600 109524 375232779 0.76319 0.79080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10 103578 61646 1544698 true true 293148146 9931869 14257109 15647315 1698030 299991779 269977004 17048449 22416448 16293755 293148146 258215029 21079376 4186395 13503796 269977004 246746379 4089503 14386340 7007193 258215029 283263049 -1333906 -3105634 32077130 246746379 0.93100 0.06900 false false 12809811 4069154 8740657 3489408 3275258 214150 8954807 ALTERNATIVE INV - HEDGE FUNDS 102631557 STATE OF ISRAEL BONDS 3894036 MUNICIPAL BONDS 433769 106959362 FUNDS HELD BY THIRD PARTY 1727384 BENEFICIAL INTERESTS IN TRUSTS 26268947 OTHER RECEIVABLES 567753 ACCRUED INVESTMENT INCOME 326907 LOAN FUNDS HELD BY TECHNION 239150 MORTGAGE LOANS 55090 LIFE INSURANCE POLICIES 1979403 31164634 0 ANNUITY OBLIGATIONS 22434696 22434696 X 99107821 6946811 1548717 8495528 90612293 1048189 1048189 91660482 68566493 68566493 1048189 1048189 69614682 ENDOWMENT FUNDS Schedule D, Part V, LIne IV 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. THERE WAS A RESTATEMENT OF $9,559,653 TO THE BEGINNING BALANCE OF ENDOWMENTS TO REFLECT A REALLOCATION OF SPLIT INTEREST AGREEMENTS AND PHILANTHROPIC FUNDS ACCOUNT. the amount of prior year reallocation is reflected on part V, column b, line 1b, contributions. 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 standard also privdes guidance on measurement, classification, interest and penalties, and disclosure and had no material impact on the accompanying financial statements. The society has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. the tax years ended 2010, 2011, 2012 and 2013 are still open to audit for both federal and state purposes. 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. Other Changes in Revenue SCHEDULE D, PART xi, LINE 2D Present value appreciation of contributions receivable $426,871 Present value appreciation of annuity agreements $1,121,846 ------------ total $1,548,717 ============ true Middle East and North Africa Grantmaking 49839532 Central America and the Caribbean Investments 39106093 88945625 88945625 Middle East and North Africa see part V 49839532 wire 1 true false false true true false Schedule F, Part I, Line I 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 liaison 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 insure that grant requirements and donor recognition are propery 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 technion-israel institute of technology; however, the purpose of each grant varies. A comprehensive list of grants and each respective purpose is attached to this Form 990. 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 or 8865. HAROLD MORGAN 7740 E Gainey Ranch rd 15 SCOTTSDALE AZ 85258 fundraiser false ne dinner 50475 20875 29600 11656 15960 300 15049 0 50475 20875 29600 11656 15960 300 15049 42965 -13365 true American Comm for the Weizmann Institute of Scienc 633 Third Ave New York NY 10017 131623886 501(c)(3) 6000 Gen Operations Bozeman Public Library Foundation 626 E Main St Boseman MT 59715 201645473 501(c)(3) 5200 Gen Operations 2 schedule I, Part I, Line 2 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 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 X true true X X X X true true false false false false false true false Melvyn Bloom 470608 0 7500 0 48019 0 207865 0 55660 0 789652 0 0 0 Seth Moskowitz 299729 0 6000 0 4356 0 39215 0 23382 372682 0 0 Beth Wilner 237237 0 8000 0 5141 0 41874 0 33935 0 326187 0 0 0 Michael Schementi 256915 0 4000 0 3303 0 43059 0 20320 0 327597 0 0 Jerome Kleinman 227160 0 0 3251 0 16014 0 27298 0 273723 0 0 0 Mark Hefter 213751 0 2500 0 1806 0 26424 0 23075 0 267556 0 0 0 Ivan Schonfeld 198613 0 0 0 5232 0 33650 0 21260 0 258755 0 0 Al Effrat Retired 3113 204034 0 2500 0 5192 0 35408 0 27645 0 274779 0 0 0 Joel Berkowitz 183537 0 0 0 4840 0 30585 0 18740 0 237702 0 0 0 DIANE SIEGEL TERM 5712 77526 0 0 103597 0 13954 0 7953 0 203030 0 part I, LIne 1a - first class or charter travel officers and key employees (exec vp, sr. vp and vp finance) can travel business class if the flight exceeds 5 hours. Part I, LIne 1a - Tax indemnification and gross-up payments the executive vp 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 regional director Diane Seigel, terminated in May 2012, received severance payment of $96,081. pART i, LINE 4B The american technion society (ATS) made contributions to a 457(b) plan for the following reported individuals on Schedule J and in the following amounts (reported on Part II, Column C): Seth Moskowitz - $15,206 Beth Wilner - $12,423 Michael Shementi - $12,768 Ivan Schonfeld - $9,989 Al Effrat - $10,513 Joel Berkowitz - $9,097 Diane Siegel - $5,154 In addition, Melvyn Bloom accrued $151,494 under a Section 457(f) non-qualified deferred compensation arrangement, which is administered through a Rabbi Trust Agreement. 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 32 1910115 fmv false true true SCHEDULE M, LINE 32B the american techion society (ats) authorizes its broker to sell donated securities on its behalf. FORM 990, PART III, LINE 4D (see attachment 4) OTHER PROGRAM SERVICES The Technion is known for its world-class research in a range of areas including energy, biotechnology, cancer, defense, life sciences, nanotechnology, neurodegenerative diseases, stem cells and regenerative medicine, and water resources/reclamation. In 2013, the American Technion Society funded research centers including the Ecological Engineering Systems Center and the Bernard M. Gordon Center for Systems Leadership Engineering; and laboratories including the Microjet and Small Turboshaft Engine Research and Teaching Laboratories Complex in the Faculty of Aerospace Engineering, the Molecular Immunology Research Laboratory Complex in the Rappaport Faculty of Medicine and the NitrogenHydrogen Alternative Fuels (NHAF) Reaction Research Laboratory. ATS donors support scholarships for undergraduate students who lack the resources to meet tuition and other basic costs, and fellowships for masters and doctoral students with strong academic records, as well as on-campus housing for graduate students. To attract, and retain, top faculty members, the Technion has created several vehicles that provide new recruits with state-of-the-art, well-equipped research facilities: The Henry and Marilyn Taub Foundation Leaders in Science and Technology Program, the First Steps Program and the Career Advancement Chair. Part VI, Section A, Line 2 family and business relationships Alan Forman & Jonathan Sohnis - Business relationship Harry & Tamara Handelsman - Family relationship Bennett & Ruth Nathanson - Family relationship Arnold & joan Seidel- Family relationship Bernice & Joseph Tanenbaum - Family relationship Irving Shepard & Mary Wartell - family relationship FORM 990, PART VI, SECTION B, LINE 11 REVIEW OF FORM 990 The form 990 is prepared by an independent accounting firm and reviewed by controller prior to distribution to the senior vice president-Finance, Executive VP, and Audit Committee for review and approval. the final 990 is 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 AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY Conflict of interest policy and disclosure forms are distributed to all board members, officers and managerial staff. Each one is required to sign and return the disclosure form. counsel reviews disclosures to determine if any conflicts exist 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, LINE 15 Process for determining compensation for the top management official and other key employees The Executive Vice President (EVP) at ATS is the top management official at the organization and the compensation for this position is established by a committee of the board, which is comprised of the following independent individuals: Chair of the Board, Vice Chair(s) of the Board and the President of the Board, while other members of the board may also be invited by the Chair to also participate in the review and deliberation process, as well (e.g., Honorary Chair of the Board and/or Chair of the Personnel Committee). The EVP's total compensation package is documented through a written employment contract and any increase or adjustments on an annual basis are provided to the EVP consistent with the terms of the employment agreement. When deemed appropriate and necessary the committee may engage an independent compensation consultant to provide external third party market data from a variety of sources and then the committee contemporaneously documents the final compensation decision through a memorandum signed by the President of the Board. In regard to the other officers and key employees, ATS will gather information on a periodic basis about the comparable market from a variety of sources to provide insights into comparable market practices for both salary and benefits purposes. The last review of this nature was conducted in October 2011. FORM 990, PART VI, SECTION C, LINE 19 The Society's Financial statements are posted on its website. copies of Governing documents and conflict of interest policy are provided upon request. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: Present value appreciation of contributions receivable $426,871 Present value appreciation of annuity agreements $1,121,846 ------------ total $1,548,717 ============