philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Institute for Quantitative Research FY2023 filing

Not tax-deductible

New York, NY501(c)(6)Community Development EIN 22-3773177Revenue $597K in FY2023

On file with the IRSq-group.orgCo Jaffe Mgmt 330 W 38th St 1105, 10018-0000 · New York, NYTax-exempt since Apr 2001

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Forum to evaluate new Research, Quantitative applications and provide solutions to improve investment.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $98K a year · 20% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 16.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$536K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$597K
+27% vs prior year
Spent
$707K
To programs
76%
Net assets
$909K
By yearFY2020–FY2024
Revenue
$597K
FY2023▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$551K
FY2021$277K
FY2022$472K
FY2023$597K
FY2024$538K
Expenses
$707K
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$392K
FY2021$454K
FY2022$650K
FY2023$707K
FY2024$720K
Net assets
$909K
FY2023▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.1M
FY2022$1.0M
FY2023$909K
FY2024$722K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2001.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $536K Management & general 24% · $171K

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

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Andrew Ang
Board Member
$0Pt VII · Sec A
Clifford Asness
Board Member
$0Pt VII · Sec A
Vineer Bhansali
Board Member
$0Pt VII · Sec A
James Gordon JR
Board Member
$0Pt VII · Sec A
Feifel Li
Board Member
$0Pt VII · Sec A
Mehdi Mahmud
Board Member
$0Pt VII · Sec A
Sebastian Page
Board Member
$0Pt VII · Sec A
See Institute for Quantitative Research executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Evaluates new research and quantitative applications to improve investments.

Questions for Institute for Quantitative Research

Tap to ask. Institute for Quantitative Research sees how many people are interested.

Your first name shows with your question. Institute for Quantitative Research answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $536K · in their own filed words · FY2023
01

The organization provides a forum for investment professionals to advance the practice of global investment management by connecting investment professionals with rigorous research and ideas at the frontier of the industry.

$536Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $51K · 2020–2024
Unitemized GrantFY2024$10,395
Unitemized GrantFY2023$10,366
Unitemized GrantFY2022$9,520
Unitemized GrantFY2021$10,353
Unitemized GrantFY2020$10,324

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$597K
Ln 12
Fees for servicesLn 2g$597K
Investment incomeLn 3$152
Money outPt IX
$707K
Ln 25
Programscol B$536K
Managementcol C$171K
Owns and owesPt X
$909K
net assets · Ln 32
Cash and savingsLn 1–2$971K
Total assetsLn 16$1.4M
LiabilitiesLn 26$536K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$597K
Investment incomeLn 3$152
Total revenueLn 12$597K
Assets in detailPt X, end of year
CashLn 1$199K
SavingsLn 2$772K
Cash and savings togetherLn 1–2$971K
Total assetsLn 16$1.4M
LiabilitiesLn 26$536K
Net assetsLn 32$909K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$909K$971K
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$530K$536K
Net assetsLn 32$1.0M$909K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10K$10K
Legal feesLn 11b$82$82
Accounting feesLn 11c$101$101
Other fees for servicesLn 11g$170K$20K$150K
Advertising and promotionLn 12$9K$9K
Information technologyLn 14$3K$3K
TravelLn 17$39K$39K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$454K$454K
All other expensesLn 24e$12K$2K$10K
Total functional expensesLn 25$707K$536K$171K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $538K$720K−$182K$722K 990 PDF
FY2023 Viewing $597K$707K−$109K$909K 990 PDF
FY2022 $472K$650K−$178K$1.0M 990 PDF
FY2021 $277K$454K−$177K$1.1M 990 PDF
FY2020 $551K$392K$158K$1.4M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $597,125 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $471,875$596,973
I-10 Investment incomePrior year $152$152
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $472,027$597,125
I-13 Grants and similar amounts paidPrior year $9,520$10,366
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $640,408$696,203
I-18 Total expensesPrior year $649,928$706,569
I-19 Revenue less expensesPrior year −$177,901−$109,444
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $597,125 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $596,973$596,973
VIII-3 Investment incomeExcluded from tax $152$152
VIII-12 Total revenueRelated to mission $596,973 · Unrelated business $0 · Excluded from tax $152$597,125
Part IX · Statement of functional expenses $706,569 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $10,366$10,366
IX-11b Legal feesManagement $82$82
IX-11c Accounting feesManagement $101$101
IX-11g Other fees for servicesPrograms $20,400 · Management $150,000$170,400
IX-12 Advertising and promotionPrograms $8,672$8,672
IX-14 Information technologyManagement $3,112$3,112
IX-17 TravelPrograms $39,167$39,167
IX-23 InsuranceManagement $7,949$7,949
IX-24 Other expenses (24a–d)Programs $454,467$454,467
IX-24e All other expensesPrograms $2,499 · Management $9,754$12,253
IX-25 Total functional expensesPrograms $535,571 · Management $170,998 · Fundraising $0$706,569
Part X · Balance sheet $1,445,634 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $136,901$198,796
X-2 Savings and temporary cash investmentsStart of year $771,737$771,888
X-4 Accounts receivableStart of year $452,000$370,500
X-9 Prepaid expenses and deferred chargesStart of year $188,032$104,450
X-16 Total assetsStart of year $1,548,670$1,445,634
X-17 Accounts payable and accrued expensesStart of year $4,056$10,964
X-19 Deferred revenueStart of year $526,000$525,500
X-26 Total liabilitiesStart of year $530,056$536,464
X-27 Net assets without donor restrictionsStart of year $1,018,614$909,170
X-32 Total net assets or fund balancesStart of year $1,018,614$909,170
X-33 Total liabilities and net assetsStart of year $1,548,670$1,445,634
Part XI · Reconciliation of net assets $909,170 net assets at year end
XI-1 Total revenue$597,125
XI-2 Total expenses$706,569
XI-3 Revenue less expenses−$109,444
XI-4 Net assets at start of year$1,018,614
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$909,170

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.