The Foundation supports and furthers the goals of in medias res (d/b/a advanced studies in culture Foundation), a 501(c)(3) organization, by generating financial Support and managing, investing, and administering gifts, and by providing the facilities that house the operations of in medias res.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $88K a year · 21% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $90K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$667K
Spent
$604K
To programs
93%
Net assets
$3.9M
By yearFY2020–FY2025
Revenue
$667K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$667K
FY2021$70K
FY2022$70K
FY2023$353K
FY2024$672K
FY2025$618K
Expenses
$604K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$604K
FY2021$277K
FY2022$888K
FY2023$292K
FY2024$423K
FY2025$490K
Net assets
$3.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$3.7M
FY2022$2.8M
FY2023$2.9M
FY2024$3.1M
FY2025$3.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $559K Management & general 6% · $34K Fundraising 2% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director of Finance and Fa
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Imr Support Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Generates funding and manages gifts to support advanced cultural studies.

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Provided by the organization

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2 programs · $559K · in their own filed words · FY2019
01

Conducted and supported actvities on behalf of in medias res (D/B/A advanced studies in culture foundation), which includes the administration of private grant funds received for research. The purpose of the advanced studies in culture foundation is to educate the public and key leadership groups in soceity about the nature and…

$404Kprogram expense
02

The foundation owns, operates, and maintains watson manor, which houses the operations and programs of in medias res.

$155Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
In Medias ResFY2024$90K
Total grants receivedfrom 1 funder$90K
Grants paid · 6 grants · $1.1M · 2019–2024
In Medias ResVA · FY2024$229,639
In Medias ResVA · FY2023$160,219
In Medias ResVA · FY2022$5,250
In Medias ResVA · FY2021$591,528
Unitemized GrantFY2020$39,778
Unitemized GrantFY2019$39,320

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$667K
Ln 12
Fees for servicesLn 2g$365K
Gifts and grantsLn 1h$300K
Investment incomeLn 3$2K
Money outPt IX
$604K
Ln 25
Programscol B$559K
Managementcol C$34K
Fundraisingcol D$11K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$5.1M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$300K
Fees for servicesLn 2g$365K
Investment incomeLn 3$2K
Total revenueLn 12$667K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$212K
Cash and savings togetherLn 1–2$229K
Land, buildings, equipmentLn 10c$4.9M
Total assetsLn 16$5.1M
LiabilitiesLn 26$1.3M
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$431K$229K
Land, buildings, equipmentLn 10c$5.0M$4.9M
Total assetsLn 16$5.5M$5.1M
LiabilitiesLn 26$1.7M$1.3M
Net assetsLn 32$3.8M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$39K$39K
Other salaries and wagesLn 7$96K$96K
Payroll taxesLn 10$12K$12K
InterestLn 20$29K$24K$4K$1K
Depreciation, depletion and amortizationLn 22$194K$155K$30K$10K
Other expenses (24a–d)Ln 24$229K$229K
Total functional expensesLn 25$604K$559K$34K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $618K$490K$128K$3.3M 990 PDF
FY2024 $672K$423K$248K$3.1M 990 PDF
FY2023 $353K$292K$61K$2.9M 990 PDF
FY2022 $70K$888K−$818K$2.8M 990 PDF
FY2021 $70K$277K−$206K$3.7M 990 PDF
FY2020 Viewing $667K$604K$63K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $666,698 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $70,000$300,000
I-9 Program service revenuePrior year $423,361$364,718
I-10 Investment incomePrior year $13,291$1,980
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $506,652$666,698
I-13 Grants and similar amounts paidPrior year $0$42,980
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $111,265$108,141
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $536,897$452,961
I-18 Total expensesPrior year $648,162$604,082
I-19 Revenue less expensesPrior year −$141,510$62,616
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $666,698 across 6 lines filed
VIII-1d Related organizations$10,000
VIII-1f All other contributions, gifts and grants$290,000
VIII-1h Total contributions, gifts and grants$300,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $364,718$364,718
VIII-3 Investment incomeExcluded from tax $1,980$1,980
VIII-12 Total revenueRelated to mission $364,718 · Unrelated business $0 · Excluded from tax $1,980$666,698
Part IX · Statement of functional expenses $604,082 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $3,660$3,660
IX-2 Grants to domestic individualsPrograms $39,320$39,320
IX-7 Other salaries and wagesPrograms $96,293$96,293
IX-10 Payroll taxesPrograms $11,848$11,848
IX-20 InterestPrograms $23,756 · Management $4,086 · Fundraising $1,485$29,327
IX-22 Depreciation, depletion and amortizationPrograms $155,285 · Management $29,518 · Fundraising $9,674$194,477
IX-24 Other expenses (24a–d)Programs $229,157$229,157
IX-25 Total functional expensesPrograms $559,319 · Management $33,604 · Fundraising $11,159$604,082
Part X · Balance sheet $5,145,036 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $80,745$16,650
X-2 Savings and temporary cash investmentsStart of year $350,222$212,428
X-3 Pledges and grants receivable$50,000
X-10c Land, buildings and equipment, netStart of year $5,031,860$4,862,573
X-14 Intangible assetsStart of year $4,375$3,385
X-16 Total assetsStart of year $5,467,202$5,145,036
X-17 Accounts payable and accrued expensesStart of year $3,587$95
X-25 Other liabilitiesStart of year $1,306,791$1,287,243
X-26 Total liabilitiesStart of year $1,672,120$1,287,338
X-27 Net assets without donor restrictionsStart of year $3,765,433$3,654,810
X-28 Net assets with donor restrictionsStart of year $29,649$202,888
X-32 Total net assets or fund balancesStart of year $3,795,082$3,857,698
X-33 Total liabilities and net assetsStart of year $5,467,202$5,145,036
Part XI · Reconciliation of net assets $3,857,698 net assets at year end
XI-1 Total revenue$666,698
XI-2 Total expenses$604,082
XI-3 Revenue less expenses$62,616
XI-4 Net assets at start of year$3,795,082
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,857,698

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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