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Aip Foundation

Tax-deductible

College Park, MD501(c)(3)Since 2019Science & TechnologyEIN 83-4485064Revenue $2.2M in FY2024

On file with the IRS1 Physics Ellipse, 20740-3841 · College Park, MDTax-exempt since Oct 2019Supporting org, Type I — 509(a)(3)

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AIP Foundation inspires transformative philanthropy that empowers physical scientists to make a global impact. We support hundreds of thousands of scientists in the physical sciences community, enabling breakthroughs that change our lives. The purpose of the Corporation is exclusively to operate for the benefit of, to perform the functions of, and to carry out the purposes of the American Institute of Physics Incorporated ("AIP"). The Corporation shall not be operated to further any purposes that do not support the charitable, educational, and scientific purposes of AIP.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
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
2 of 5
filings with a surplus
Average surplus $2.4M a year · 51% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Plus $9.2M in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$671K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-19% vs prior year
Spent
$4.6M
To programs
66%
Net assets
$16.4M
By yearFY2020–FY2024
Revenue
$2.2M
FY2024▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$241K
FY2021$1.2M
FY2022$17.2M
FY2023$2.7M
FY2024$2.2M
Expenses
$4.6M
FY2024▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$846K
FY2021$1.0M
FY2022$1.5M
FY2023$3.6M
FY2024$4.6M
Net assets
$16.4M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$103K
FY2021$920K
FY2022$17.3M
FY2023$17.5M
FY2024$16.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2019.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $3.0M Management & general 4% · $169K Fundraising 31% · $1.4M

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
Eric Furst
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Evgeni Gusev
Director
$0Pt VII · Sec A
John Mather
Director
$0Pt VII · Sec A
JR Edwards
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aip 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

Promotes charitable, scientific, and educational causes.

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3 programs · $3.0M · in their own filed words · FY2024
01

See schedule o.

$3.0Mprogram expense
02

See schedule o

Pt IX · col B
03

See schedule o

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
American Online Giving Foundation INCFY2024$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$463K
Money outPt IX
$4.6M
Ln 25
Programscol B$3.0M
Managementcol C$169K
Fundraisingcol D$1.4M
Owns and owesPt X
$16.4M
net assets · Ln 32
Cash and savingsLn 1–2$414K
Total assetsLn 16$17.1M
LiabilitiesLn 26$671K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$463K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$414K
Cash and savings togetherLn 1–2$414K
InvestmentsLn 11–13$9.2M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$17.1M
LiabilitiesLn 26$671K
Net assetsLn 32$16.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$154K$414K
InvestmentsLn 11–13$9.0M$9.2M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$18.7M$17.1M
LiabilitiesLn 26$1.2M$671K
Net assetsLn 32$17.5M$16.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Legal feesLn 11b$3K$0$3K$0
Accounting feesLn 11c$23K$0$23K$0
Professional fundraising feesLn 11e$37K$37K
Investment management feesLn 11f$16K$0$16K$0
Other fees for servicesLn 11g$14K$0$393$14K
Advertising and promotionLn 12$54K$0$0$54K
Office expensesLn 13$7K$0$0$7K
Information technologyLn 14$97K$0$0$97K
TravelLn 17$15K$0$0$15K
Conferences, conventions and meetingsLn 19$85K$0$48K$37K
InsuranceLn 23$6K$0$6K$0
Other expenses (24a–d)Ln 24$4.3M$3.0M$72K$1.1M
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$4.6M$3.0M$169K$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.2M$4.6M−$2.5M$16.4M 990 PDF
FY2023 $2.7M$3.6M−$985K$17.5M 990 PDF
FY2022 $17.2M$1.5M$15.7M$17.3M 990 PDF
FY2021 $1.2M$1.0M$207K$920K 990 PDF
FY2020 $241K$846K−$605K$103K 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 FY2024 990 (6 parts)
Part I · Summary $2,166,896 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,231,807$1,703,683
I-9 Program service revenue$0
I-10 Investment incomePrior year $432,379$463,213
I-11 Other revenue$0
I-12 Total revenuePrior year $2,664,186$2,166,896
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $53,141$37,350
I-17 Other expensesPrior year $3,596,525$4,588,522
I-18 Total expensesPrior year $3,649,666$4,625,872
I-19 Revenue less expensesPrior year −$985,480−$2,458,976
Part VI · Governance 9 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $2,166,896 across 5 lines filed
VIII-1d Related organizations$347,051
VIII-1f All other contributions, gifts and grants$1,356,632
VIII-1h Total contributions, gifts and grants$1,703,683
VIII-3 Investment incomeExcluded from tax $463,213$463,213
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $463,213$2,166,896
Part IX · Statement of functional expenses $4,625,872 across 14 lines filed
IX-11a Management feesFundraising $8,100$8,100
IX-11b Legal feesPrograms $0 · Management $3,387 · Fundraising $0$3,387
IX-11c Accounting feesPrograms $0 · Management $23,063 · Fundraising $0$23,063
IX-11e Professional fundraising feesFundraising $37,350$37,350
IX-11f Investment management feesPrograms $0 · Management $15,873 · Fundraising $0$15,873
IX-11g Other fees for servicesPrograms $0 · Management $393 · Fundraising $13,526$13,919
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $54,395$54,395
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $7,336$7,336
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $97,110$97,110
IX-17 TravelPrograms $0 · Management $0 · Fundraising $14,940$14,940
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $47,924 · Fundraising $36,750$84,674
IX-23 InsurancePrograms $0 · Management $5,500 · Fundraising $0$5,500
IX-24 Other expenses (24a–d)Programs $3,041,395 · Management $72,384 · Fundraising $1,146,446$4,260,225
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $3,041,395 · Management $168,524 · Fundraising $1,415,953$4,625,872
Part X · Balance sheet $17,119,452 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $154,011$414,260
X-3 Pledges and grants receivableStart of year $9,473,132$7,456,920
X-9 Prepaid expenses and deferred chargesStart of year $69,248$61,170
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $8,994,606$9,187,102
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $18,690,997$17,119,452
X-17 Accounts payable and accrued expensesStart of year $19,250$71,882
X-25 Other liabilitiesStart of year $1,139,762$599,113
X-26 Total liabilitiesStart of year $1,159,012$670,995
X-27 Net assets without donor restrictionsStart of year $174,028$270,035
X-28 Net assets with donor restrictionsStart of year $17,357,957$16,178,422
X-32 Total net assets or fund balancesStart of year $17,531,985$16,448,457
X-33 Total liabilities and net assetsStart of year $18,690,997$17,119,452
Part XI · Reconciliation of net assets $16,448,457 net assets at year end
XI-1 Total revenue$2,166,896
XI-2 Total expenses$4,625,872
XI-3 Revenue less expenses−$2,458,976
XI-4 Net assets at start of year$17,531,985
XI-5 Net unrealized gains (losses) on investments$156,618
XI-6 Donated services and use of facilities$1,218,830
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,448,457

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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