Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $5.1M |
|---|---|
| FY2021 | $6.1M |
| FY2022 | $4.8M |
| FY2023 | $4.8M |
| FY2024 | $5.0M |
| FY2025 | $5.0M |
| FY2020 | $1.3M |
|---|---|
| FY2021 | $2.4M |
| FY2022 | $1.9M |
| FY2023 | $1.9M |
| FY2024 | $1.8M |
| FY2025 | $1.8M |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 88% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 2% | — | — |
| Revenue growth | 90% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
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Governance & Policies
- 2Voting board membersPt VI · Ln 1a
- 2Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13Yes
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aNo
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Generates funding and manages gifts to support advanced cultural studies.
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Where the work happens
Conducted and supported activities 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 foundation owns, operates, and maintains watson manor, which houses the operations and programs of in medias res.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest | $618K | $490K | -8% | 990 PDF |
| FY2024 Viewing | $672K | $423K | +90% | 990 PDF |
| FY2023 | $353K | $292K | +403% | 990 PDF |
| FY2022 | $70K | $888K | -0.2% | 990 PDF |
| FY2021 | $70K | $277K | -89% | 990 PDF |
| FY2020 | $667K | $604K | 990 PDF |
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Schedules filed Part IV
Full filing: Form 990 for FY2024
Part IX · Statement of functional expenses $423,266 across 5 lines filed
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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