AMERICAN ACADEMY OF ARTS AND SCIENCES: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN ACADEMY OF ARTS AND SCIENCES (EIN 04-2103651)
- Tax period
- 2012-04-01 to 2013-03-31
- Filed
- 2014-02-15
- IRS object ID
- 201430499349301738
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule J
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-15T16:25:10-06:00 | Timestamp |
| Tax Period End Date | 2013-03-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042571780 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 EAST MAIN STREET | AddressLine1 |
| City | WESTBORO | City |
| State | MA | State |
| ZIP Code | 01581 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-04-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103651 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN ACADEMY OF ARTS AND SCIENCES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | AMER | NameControl |
| Phone | 6175765000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 136 IRVING STREET | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02138 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARK ROBINSON | Name |
| Title | CHIEF OPERATING OFFICER | Title |
| Phone | 6175765000 | Phone |
| Date Signed | 2014-02-18 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID J KELLEHER CPA | Name |
| PTIN | P01059560 | PTIN |
| Phone | 5083669100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARK ROBINSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 136 IRVING STREET | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02138 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 60618101 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.AMACAD.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1780 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | THE AMERICAN ACADEMY OF ARTS AND SCIENCES IS AN INDEPENDENT POLICY RESEARCH CENTER THAT CONDUCTS MULTIDISCIPLINARY STUDIES OF COMPLEX AND EMERGING PROBLEMS. CURRENT ACADEMY RESEARCH FOCUSES ON SCIENCE AND GLOBAL SECURITY, SOCIAL POLICY, THE HUMANITIES AND CULTURE, AND EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 48 | TotalNbrEmployees |
| Total Nbr Volunteers | 650 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 5916042 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9600193 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 820550 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 833128 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1569198 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1030114 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8305790 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11463435 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4105402 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4354256 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 934818 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4438795 | OtherExpensePriorYear |
| Other Expenses Current Year | 4168904 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8544197 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8523160 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -238407 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2940275 | RevenuesLessExpensesCY |
| Total Assets BOY | 66269797 | TotalAssetsBOY |
| Total Assets EOY | 71082518 | TotalAssetsEOY |
| Total Liabilities BOY | 3867748 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4134688 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 62402049 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 66947830 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE AMERICAN ACADEMY OF ARTS AND SCIENCES IS A NATIONAL HONORARY SOCIETY FOUNDED IN 1780 BY JOHN ADAMS AND OTHER LEADERS OF THE MASSACHUSETTS BAY COLONY, ITS APPROXIMATELY 4,600 FELLOWS INCLUDE DISTINGUISHED SCHOLARS, PRACTITIONERS, BUSINESS LEADERS, AND PUBLIC OFFICIALS. THE PRINCIPAL ACTIVITY OF THE ACADEMY IS TO SPONSOR INTERDISCIPLINARY STUDIES ON TOPICS IN THE PUBLIC INTEREST. REPORTS OF SUCH PROJECTS APPEAR IN THE ACADEMY'S QUARTERLY JOURNAL, DAEDALUS, AND IN OTHER PUBLICATIONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2689781 | Expense |
| Description | ACADEMY PROJECTS AND STUDIES - CONSISTS OF STUDIES AND OTHER ACADEMIC ENDEAVORS FUNDED FROM INTERNAL AND EXTERNAL SOURCES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1364567 | Expense |
| Revenue | 68395 | Revenue |
| Description | PROJECT OUTREACH AND EVENTS - INCLUDES CONFERENCES, SYMPOSIA, MEETINGS AND OTHER ACTIVITIES FOR THE ACADEMY MEMBERSHIP AND OTHER INTERESTED PARTIES ON TOPICS RELATED TO PROJECTS AND OTHER WORK. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1280055 | Expense |
| Revenue | 624429 | Revenue |
| Description | HOUSE AND CONFERENCE SERVICES - INCLUDES MAINTENANCE OF THE ACADEMY'S MAIN FACILITY AS WELL AS USE OF THE FACILITY FOR FUNCTIONS. | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | RevenueRevenue | DescriptionDescription |
|---|---|---|
| 909831 | 140304 | PROJECT PUBLICATIONS AND COMMUNICATIONS - COMPRISES THE PUBLISHING OF THE QUARTERLY JOURNAL (DAEDALUS), THE QUARTERLY MAGAZINE (BULLETIN), BOOKS AND OTHER OCCASIONAL PAPERS RELATED TO THE PROJECTS, STUDIES AND OTHER WORK OF THE ACADEMY. IT ALSO INCLUDES COMMUNICATION ACTIVITIES TO THE ACADEMY MEMBERS, PUBLIC OFFICIALS AND OTHER INTERESTED PARTIES. |
| 301930 | MEMBERSHIP AND ELECTIONS - CONSISTS OF ACTIVITIES RELATED TO THE MAINTAINING OF THE HONORARY SOCIETY AND ELECTING FELLOWS TO THE ACADEMY. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 1211761 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 140304 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 6546164 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 1 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 1 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 46 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 48 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN ACADEMY OF ARTS AND SCIENCES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6175765000 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 136 IRVING STREET | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02138 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| LESLIE BERLOWITZ SEE SCHEDULE J | |||||||
| PRESIDENT & CEO | 80.00 | X | X | 429310 | 0 | 241892 | |
| LOUIS W CABOT | |||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| JERROLD MEINWALD | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| JOHN S REED | |||||||
| TREASURER (FORMER) | 1.00 | X | X | 0 | 0 | 0 | |
| NEAL F LANE | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| GERALD EARLY | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| EMILIO BIZZI | |||||||
| MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT P HENDERSON | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| MARY BRANDT | |||||||
| DIR. OF EXTERNAL AFFAIRS | 50.00 | 204763 | 0 | 46543 | X | ||
| PAUL KAROFF | |||||||
| COMMUNICATIONS DIRECTOR | 50.00 | 145360 | 0 | 36571 | X | ||
| MARK ROBINSON | |||||||
| CHIEF OPERATING OFFICER | 50.00 | 207190 | 0 | 42663 | X | ||
| PHYLLIS BENDELL | |||||||
| EDITOR | 50.00 | 123950 | 0 | 40943 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1110573 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 408612 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LATTICE BUSINESS APPLICATIONS | |||||
| 22 PINE PLAIN ROAD | BOXFORD | MA | 01921 | WEB DESIGN/DATABASE | 149594 |
| CLEANCO MAINTENANCE CORP | |||||
| 318 BEAR HILL ROAD | WALTHAM | MA | 02451 | CLEANING SERVICES | 131207 |
| FOX STRATEGY GROUP | |||||
| 4905 SCARDSDALE RD | BETHESDA | MD | 20816 | PROGRAM ADVISOR/OUTREACH | 127000 |
| NATIONAL OPINION RESEARCH CENTER | |||||
| 55 E MONROE ST SUITE 2000 | CHICAGO | IL | 60603 | RESEARCH RELATED | 100170 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Membership Dues | 1117825 | MembershipDues |
| Government Grants | 89791 | GovernmentGrants |
| All Other Contributions | 8392577 | AllOtherContributions |
| Total Contributions | 9600193 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| NORTON WOODS FEES | 900099 | 624429 | 624429 |
| SALES PUBLICATION | 511120 | 208699 | 208699 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 833128 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 931629 | TotalRevenueColumn |
| Exclusion | $931,629 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 49253151 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 49154666 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 98485 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 98485 | TotalRevenueColumn |
| Exclusion | $98,485 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11463435 | TotalRevenueColumn |
| Related Or Exempt Function Income | 833128 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,030,114 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 689879 | Total |
| Program Services | 344940 | ProgramServices |
| Management And General | 275952 | ManagementAndGeneral |
| Fundraising | 68987 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2953479 | Total |
| Program Services | 2296281 | ProgramServices |
| Management And General | 175762 | ManagementAndGeneral |
| Fundraising | 481436 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 149236 | Total |
| Program Services | 64899 | ProgramServices |
| Management And General | 31116 | ManagementAndGeneral |
| Fundraising | 53221 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 364181 | Total |
| Program Services | 187365 | ProgramServices |
| Management And General | 168242 | ManagementAndGeneral |
| Fundraising | 8574 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 197481 | Total |
| Program Services | 124647 | ProgramServices |
| Management And General | 35230 | ManagementAndGeneral |
| Fundraising | 37604 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 57464 | Total |
| Program Services | 32389 | ProgramServices |
| Management And General | 25075 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59681 | Total |
| Management And General | 59681 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42733 | Total |
| Program Services | 42733 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1265765 | Total |
| Program Services | 1137946 | ProgramServices |
| Management And General | 70471 | ManagementAndGeneral |
| Fundraising | 57348 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 532355 | Total |
| Program Services | 359839 | ProgramServices |
| Management And General | 89827 | ManagementAndGeneral |
| Fundraising | 82689 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69099 | Total |
| Program Services | 46007 | ProgramServices |
| Management And General | 18092 | ManagementAndGeneral |
| Fundraising | 5000 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110618 | Total |
| Program Services | 110618 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 413997 | Total |
| Program Services | 291609 | ProgramServices |
| Management And General | 12184 | ManagementAndGeneral |
| Fundraising | 110204 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 748733 | Total |
| Program Services | 722699 | ProgramServices |
| Management And General | 9486 | ManagementAndGeneral |
| Fundraising | 16548 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82141 | Total |
| Program Services | 82141 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 541483 | Total |
| Program Services | 541483 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70189 | Total |
| Program Services | 20463 | ProgramServices |
| Management And General | 49726 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| OTHER | 136941 | 112421 | 11313 | 13207 |
| FEES AND HONORARIA | 22500 | 22500 | ||
| PROMOTION | 15205 | 5184 | 10021 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8523160 | Total |
| Program Services | 6546164 | ProgramServices |
| Management And General | 1042178 | ManagementAndGeneral |
| Fundraising | 934818 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 676618 | BOY |
| EOY | 452061 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6182701 | BOY |
| EOY | 12327920 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1496924 | BOY |
| EOY | 773092 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44172 | BOY |
| EOY | 29185 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10711 | BOY |
| EOY | 13048 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126745 | BOY |
| EOY | 50252 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 15504118 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5670579 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10050858 | BOY |
| EOY | 9833539 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29046950 | BOY |
| EOY | 27878057 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11442949 | BOY |
| EOY | 11900328 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7191169 | BOY |
| EOY | 7825036 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66269797 | BOY |
| EOY | 71082518 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 583907 | BOY |
| EOY | 989035 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89791 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3194050 | BOY |
| EOY | 3145653 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3867748 | BOY |
| EOY | 4134688 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24377093 | BOY |
| EOY | 24803799 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13365710 | BOY |
| EOY | 13961431 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24659246 | BOY |
| EOY | 28182600 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62402049 | BOY |
| EOY | 66947830 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66269797 | BOY |
| EOY | 71082518 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2940275 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1584606 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 20900 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5245600 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7260304 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7663277 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5916042 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9600193 | CurrentTaxYear |
| Total | 35685416 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5245600 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 7260304 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7663277 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5916042 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9600193 | CurrentTaxYear |
| Total | 35685416 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 7853135 | AmountsSubstContributorsTotal |
| Public Support Total170 | 27832281 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1502395 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1140381 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1222344 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1169827 | CurrentTaxYearMinus1Year |
| Current Tax Year | 931629 | CurrentTaxYear |
| Total | 5966576 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 41651992 | TotalSupport |
| Gross Receipts From Admissions Etc | 4042803 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.66820 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.67410 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 31511693 | BeginningOfYearBalance |
| Contributions | 3215000 | Contributions |
| Investment Earnings Or Losses | 1820789 | InvestmentEarningsOrLosses |
| Other Expenditures | 2068208 | OtherExpenditures |
| End Of Year Balance | 34479274 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 34682364 | BeginningOfYearBalance |
| Contributions | 150000 | Contributions |
| Investment Earnings Or Losses | -1147091 | InvestmentEarningsOrLosses |
| Other Expenditures | 2173580 | OtherExpenditures |
| End Of Year Balance | 31511693 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 31020760 | BeginningOfYearBalance |
| Contributions | 2590000 | Contributions |
| Investment Earnings Or Losses | 3315759 | InvestmentEarningsOrLosses |
| Other Expenditures | 2244155 | OtherExpenditures |
| End Of Year Balance | 34682364 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23459079 | BeginningOfYearBalance |
| Contributions | 532500 | Contributions |
| Investment Earnings Or Losses | 9012161 | InvestmentEarningsOrLosses |
| Other Expenditures | 1915895 | OtherExpenditures |
| End Of Year Balance | 31020760 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 32681908 | BeginningOfYearBalance |
| Contributions | 107500 | Contributions |
| Investment Earnings Or Losses | -7423618 | InvestmentEarningsOrLosses |
| Other Expenditures | 1906711 | OtherExpenditures |
| End Of Year Balance | 23459079 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.12670 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.73600 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.13730 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13436934 | OtherCostOrOtherBasis |
| Depreciation | 4117910 | Depreciation |
| Book Value | 9319024 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2067184 | OtherCostOrOtherBasis |
| Depreciation | 1552669 | Depreciation |
| Book Value | 514515 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9833539 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MULTI STRATEGY FUNDS | 4653645 | F |
| PRIVATE EQUITY FUNDS | 828070 | F |
| GLOBAL EMERGING MARKETS FUND | 3460237 | F |
| HEDGE FUND | 2958376 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 11900328 | TotalOfBookValueSecurities |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| PREPAID LAND LEASE | 520539 |
| DUE FROM AFFILIATE | 4448773 |
| BENEFICIAL INTEREST IN PERPETUAL TRUST | 2805928 |
| OTHER ASSETS | 49796 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 7825036 | TotalBookValueOtherAssets |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 1A: | THE ACADEMY DOES NOT CAPITALIZE COLLECTIONS, WHICH HAVE BEEN ACQUIRED THROUGH DONATION. | |
| PART III, LINE 4: | THE AMERICAN ACADEMY OF ARTS AND SCIENCE COLLECTION OF WORKS OF ART, HISTORICAL DOCUMENTS AND OBJECTS CHRONICLE THE ACADEMY'S HISTORY, MEMBERSHIP, PROGRAMS AND PUBLICATIONS FOR MORE THAN 200 YEARS. THE COLLECTION INCLUDES PUBLICATIONS, WORKS OF ART, SCIENTIFIC INSTRUMENTS AND MANUSCRIPTS DATING FROM THE EARLIEST YEARS OF OUR HISTORY. | |
| PART V, LINE 4: | ACADEMY-DESIGNATED ENDOWMENTS HAVE NO EXTERNAL RESTRICTIONS BUT HAVE DESIGNATED LIMITATIONS INITIATED BY THE ACADEMY. THESE LIMITATIONS MAY BE CANCELED AT THE DIRECTION OF THE BOARD. THESE ENDOWMENTS INCLUDE, AMONG OTHER THINGS, "FUND FOR MAJOR REPAIRS" WHICH IS AN ACADEMY-DESIGNATED RESERVE FUND FOR MAJOR PROPERTY AND EQUIPMENT ADDITIONS AND REPAIRS. TEMPORARILY RESTRICTED ENDOWMENTS REPRESENT AMOUNTS RECEIVED OR COMMITTED WITH DONOR RESTRICTIONS, WHICH HAVE NOT YET BEEN EXPENDED FOR THEIR DESIGNATED PURPOSE. TEMPORARILY RESTRICTED ENDOWMENTS ALSO INCLUDE A BUILDING FUND AND THE APPRECIATION ON CERTAIN PERMANENTLY RESTRICTED ENDOWMENTS. PERMANENTLY RESTRICTED ENDOWMENTS ARE RESTRICTED AGAINST ANY EXPENDITURES OF PRINCIPAL. INCOME EARNED ON PRINCIPAL WILL BE USED FOR CERTAIN SPECIFIC PURPOSES, IF RESTRICTIONS APPLY. OTHERWISE THE INCOME EARNED ON PRINCIPAL MAY BE USED FOR GENERAL PURPOSES. THE ENDOWMENT FUNDS ARE USED TO GENERATE INCOME, BASED ON AN APPROVED SPENDING POLICY OF THE BOARD, TO SUPPORT PROGRAM AND ADMINISTRATIVE ACTIVITIES OF THE ACADEMY. | DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: |
| PART X, LINE 2: | THE ACADEMY FOLLOWS U.S. GAAP STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH REQUIRE THE ACADEMY TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS CONSOLIDATED FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF MARCH 31, 2013, THE ACADEMY DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE ACADEMY FILES INCOME TAX AND INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConducted |
| Total Expenditures | 6418613 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 6418613 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 6418613 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 1 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| SCHEDULE F, PART IV, LINE 3 | THE ACADEMY IS NOT REQUIRED TO FILL OUT FORM 5471 AS THE ACADEMY DID NOT MEET THE 10% OWNERSHIP THRESHOLD. |
| SCHEDULE F, PART IV, LINE 4 | THE ACADEMY IS ALSO NOT REQUIRED TO FILL OUT FORM 8621 AS THE PRIVATE FOREIGN INVESTMENT COMPANY (PFIC) RULES DO NOT APPLY TO TAX EXEMPT ORGANIZATIONS AS THE PFIC DOES NOT GENERATE ANY INCOME UNDER INTERNAL REVENUE CODE 952 SUBPART F. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LESLIE BERLOWITZ SEE SCHEDULE J | ||||||||||||||
| PRESIDENT & CEO | 429310 | 0 | 0 | 0 | 0 | 0 | 229893 | 0 | 11999 | 0 | 671202 | 0 | 0 | 0 |
| MARY BRANDT | ||||||||||||||
| DIR. OF EXTERNAL AFFAIRS | 204763 | 0 | 0 | 0 | 0 | 0 | 30750 | 0 | 15793 | 0 | 251306 | 0 | 0 | 0 |
| PAUL KAROFF | ||||||||||||||
| COMMUNICATIONS DIRECTOR | 145360 | 0 | 0 | 0 | 0 | 0 | 15200 | 0 | 21371 | 0 | 181931 | 0 | 0 | 0 |
| MARK ROBINSON | ||||||||||||||
| CHIEF OPERATING OFFICER | 197190 | 0 | 10000 | 0 | 0 | 0 | 20500 | 0 | 22163 | 0 | 249853 | 0 | 0 | 0 |
| PHYLLIS BENDELL | ||||||||||||||
| EDITOR | 123950 | 0 | 0 | 0 | 0 | 0 | 19800 | 0 | 21143 | 0 | 164893 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 1A | DURING FISCAL YEAR 2013, THERE WERE 8 ROUND TRIP TICKETS PURCHASED THAT WERE EITHER FIRST CLASS OR UPGRADED TO FIRST CLASS DURING THE YEAR. THE TRAVEL WAS FOR EITHER THE BOARD CHAIR, LOUIS CABOT, OR THE CEO OF THE ACADEMY, LESLIE BERLOWITZ. FIRST CLASS TRAVEL IS ALLOWED UNDER THE POLICIES OF THE ACADEMY FOR CERTAIN OFFICERS IN CERTAIN SITUATIONS. ALL FIRST CLASS TRAVEL FOR FISCAL YEAR 2013 MET THE POLICY GUIDELINES. DURING FISCAL YEAR 2013, THE ACADEMY HAD A MEMBERSHIP IN THE CEO'S NAME AT THE CENTURY CLUB IN NEW YORK. DUES FOR THE YEAR WERE $1,561. THE CLUB WAS USED EXCLUSIVELY FOR ACADEMY RELATED FUNCTIONS. | |
| PART III | THE PRESIDENT AND CHIEF EXECUTIVE OFFICER ACCRUES COMPENSATION UNDER DEFERRED COMPENSATION ARRANGEMENT ACCOUNTS IN ACCORDANCE WITH IRC SECTIONS 457(B) AND 457(F). THE DEFERRED COMPENSATION REPORTED ACCUMULATES UNDER A FORMULA IN THE PRESIDENT/CEO'S EMPLOYMENT CONTRACT. THE PRESIDENT/CEO IS EXPECTED TO VEST IN DEFERRED COMPENSATION EXCEEDING 457(B) LIMITS AT THE CONCLUSION OF THE CONTRACT. | SUPPLEMENTAL INFORMATION |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS HEALTH AND EDUCATIONAL FACILITIES AUTHORITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 042456011 | IssuerEIN |
| CUSIP Number | 57586ELD1 | CUSIPNumber |
| Date Issued | 2009-08-01 | DateIssued |
| Issue Price | 3374212 | IssuePrice |
| Description Of Purpose | REFINANCE OF PRE-EXISTING TAX EXEMPT DISTRIBUTION | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 1 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Amount Retired | 48397 | AmountRetired |
| Amount In Reserve Fund | 48667 | AmountInReserveFund |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Prcntge Prvt Business Use By Others | 0.35000 | PrcntgePrvtBusinessUseByOthers |
| Total Private Business Use | 0.35000 | TotalPrivateBusinessUse |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 1 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 1 | RebateNotDueYet |
| Exception To Rebate | 0 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | 0 | ProcToUndertkCorrectiveAction |
Schedule L IRS990ScheduleL
DQP Table DQPTable (3 entries)
| Relationship Disqualified PersonRelationshipDisqualifiedPerson | Description Of TransactionDescriptionOfTransaction | Transaction CorrectedTransactionCorrected |
|---|---|---|
| LESLIE BERLOWITZ | ||
| PRESIDENT | EXCESS COMPENSATION PAID IN 2012. SEE NARRATIVE EXPLANATION ON PART V. | 0 |
| LESLIE BERLOWITZ | ||
| PRESIDENT | EXCESS COMPENSATION PAID IN 2011. SEE NARRATIVE EXPLANATION ON PART V. | 0 |
| LESLIE BERLOWITZ | ||
| PRESIDENT | EXCESS COMPENSATION PAID IN 2010. SEE NARRATIVE EXPLANATION ON PART V. | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Tax Imposed | 41715 | AmountOfTaxImposed |
| Amount Of Tax Reimbursed | 0 | AmountOfTaxReimbursed |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| LESLIE BERLOWITZ | |||
| CEO OF THE ACADEMY AND IS ALSO AN OFFICER OF NORTON'S WOODS, INC. | 624429 | THE ACADEMY PROVIDES FACILITY AND OVERHEAD SUPPORT TO NORTON'S WOODS TOTALLING $624,429 DURING FISCAL YEAR 2013. | 0 |
| EMILIO BIZZI | |||
| BOARD MEMBER OF THE ACADEMY AND ALSO A BOARD MEMBER OF NORTON'S WOODS, INC. | 624429 | THE ACADEMY PROVIDES FACILITY AND OVERHEAD SUPPORT TO NORTON'S WOODS TOTALLING $624,429 DURING FISCAL YEAR 2013. | 0 |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE L, PART I, LINES 1(A) - 1(D) | Identifier |
| Return Reference | EXCESS COMPENSATION EXPLANATION | ReturnReference |
| Explanation | IN FEBRUARY 2014, THE ACADEMY'S BOARD OF DIRECTORS DETERMINED, AFTER EXAMINING THE COMPENSATION PAID TO ITS FORMER PRESIDENT, LESLIE C. BERLOWITZ, THAT SUCH COMPENSATION RESULTED IN EXCESS BENEFIT TRANSACTIONS IN 2010 - 2013. THE TOTAL EXCESS COMPENSATION FOR 2010 THROUGH 2012 WAS $166,861. IN ADDITION, DURING 2011 AND 2012 THERE WAS $200,000 IN DEFERRED COMPENSATION THAT ACCRUED TO MS. BERLOWITZ'S BENEFIT PURSUANT TO A DEFERRED COMPENSATION PLAN. THERE IS A QUESTION WHETHER THAT AMOUNT VESTED AND, THEREFORE, IT IS NOT INCLUDED IN THE TOTAL ABOVE. IN ANY EVENT, THAT AMOUNT WAS NEVER PAID TO MS. BERLOWITZ, AND SHE SURRENDERED ANY CLAIM TO THAT DEFERRED COMPENSATION AS A RESULT OF SETTLEMENT NEGOTIATIONS WHICH RESULTED IN HER SEPARATION FROM THE ACADEMY IN JULY, 2013. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ACADEMY'S MEMBERSHIP CONSISTS OF FELLOWS, ELECTED FROM CITIZENS OR RESIDENTS OF THE UNITED STATES OF AMERICA, AND FOREIGN HONORARY MEMBERS, ELECTED FROM CITIZENS OR RESIDENTS OF OTHER NATIONS. THE ACADEMY'S MEMBERS ARE ORGANIZED IN VARIOUS CLASSES BASED ON THE ARTS, SCIENCES, AND PROFESSIONS IN WHICH THESE MEMBERS ARE PROFICIENT. | |
| FORM 990, PART VI, SECTION A, LINE 7A | FELLOWS IN GOOD STANDING MAY NOMINATE AND VOTE FOR OFFICERS, DIRECTORS, AND COUNCIL MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY MEMBERS OF THE SENIOR STAFF AND DISTRIBUTED TO THE BOARD MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST STATEMENTS ARE UPDATED ANNUALLY BY THE BOARD, TRUSTEE, AND PROJECT FELLOWS. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE ACADEMY'S COMPENSATION COMMITTEE CONSISTING OF THE CHAIR OF THE BOARD, CHAIR OF THE FINANCE COMMITTEE, AND CHAIR OF THE NOMINATING & GOVERNANCE COMMITTEE MEETS ANNUALLY TO REVIEW THE PERFORMANCE AND DETERMINE THE SALARY OF THE PRESIDENT & CEO ON BEHALF OF THE BOARD. THE COMMITTEE UTILIZES 990 FORMS OF LIKE ORGANIZATIONS TO DETERMINE APPROPRIATENESS OF STAFF SALARIES. THE SALARY BUDGET FOR EACH FISCAL YEAR IS APPROVED BY THE FINANCE COMMITTEE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART IX, LINE 11G | EDITING: PROGRAM SERVICE EXPENSES 8,905. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 16,089. TOTAL EXPENSES 24,994. BUILDING AND GROUNDS REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 265,854. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 265,854. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 41,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,926. PROGRAM CONSULTING : PROGRAM SERVICE EXPENSES 404,034. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 404,034. OTHER: PROGRAM SERVICE EXPENSES 417,227. MANAGEMENT AND GENERAL EXPENSES 70,471. FUNDRAISING EXPENSES 41,259. TOTAL EXPENSES 528,957. | OTHER FEES |
| FORM 990, PART XI, LINE 9: | INCREASE IN BENEFICIAL INTEREST IN PERPETUAL TRUST 20,900. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTON'S WOODS INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 136 IRVING STREET | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02138 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043388917 | EIN |
| Primary Activity | EVENT SERVICES | PrimaryActivity |
| Legal Domicile State | MA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN ACADEMY OF ARTS AND SCIENCES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 276285 | ShareOfTotalIncome |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTON WOODS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | N | TransactionType |
| Amount Involved | 624429 | AmountInvolved |
| Method Of Amt Determination | FAIR MARKET VALUE | MethodOfAmtDetermination |
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