Aip Foundation FY2023 filing

Tax-deductible

College Park, MD501(c)(3)Since 2019Science & TechnologyEIN 83-4485064

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.
58¢ 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)(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
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
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
$1.2M
6% of total assets
Looks good: liabilities are 6% 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
$2.7M
-84% vs prior year
Spent
$3.6M
To programs
58%
Net assets
$17.5M
By yearFY2020–FY2024
Revenue
$2.7M
FY2023▼ -84%
Revenue by fiscal year
FY2020$241K
FY2021$1.2M
FY2022$17.2M
FY2023$2.7M
FY2024$2.2M
Expenses
$3.6M
FY2023▲ +150%
Expenses by fiscal year
FY2020$846K
FY2021$1.0M
FY2022$1.5M
FY2023$3.6M
FY2024$4.6M
Net assets
$17.5M
FY2023▲ +2%
Net assets by fiscal year
FY2020$103K
FY2021$920K
FY2022$17.3M
FY2023$17.5M
FY2024$16.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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 Oct 2019.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $2.1M Management & general 5% · $178K Fundraising 37% · $1.3M

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

Provided by the organization

This section is blank until Aip Foundation claims this page.

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3 program services account for $2.1M of program spending, described in the organization's own filed words · FY2023.
01

Aip foundation solicits donations to support the aip physics program areas related to the niels bohr library and archives, the center for the history of physics, society of physics students, sigma pi sigma and diversity, equity and inclusion initiatives.

$2.1Mprogram expense
02

Center for history of physics (CHP) and the niels bohr library & archives. The history programs of the american institute of physics ensure that the heritage of the physical sciences is safeguarded and that the public can understand how the physical sciences have been central to the history of the modern world.

Pt IX · col B
03

Society of physics students and sigma pi sigma the society of physics students (SPS) is a scientific society for physics and astronomy undergraduates and their mentors, with more than 6,400 members and 900 SPS chapters nationwide and 36 international chapters.

Pt IX · col B

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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
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.2M
Investment incomeLn 3$432K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.1M
Managementcol C$178K
Fundraisingcol D$1.3M
Owns and owesPt X
$17.5M
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$18.7M
LiabilitiesLn 26$1.2M
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$2.2M
Noncash giftsLn 1g$50K
Investment incomeLn 3$432K
Gains on assetsLn 7$0
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$154K
SavingsLn 2$0
Cash and savings togetherLn 1–2$154K
InvestmentsLn 11–13$9.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$18.7M
LiabilitiesLn 26$1.2M
Net assetsLn 32$17.5M
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 FY23End FY23
Cash and savingsLn 1–2$119K$154K
InvestmentsLn 11–13$6.6M$9.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$17.3M$18.7M
LiabilitiesLn 26$47K$1.2M
Net assetsLn 32$17.3M$17.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$19K$19K
Legal feesLn 11b$0
Accounting feesLn 11c$24K$24K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$53K$53K
Investment management feesLn 11f$22K$22K
Other fees for servicesLn 11g$19K$667$19K
Advertising and promotionLn 12$64K$64K
Office expensesLn 13$6K$6K
Information technologyLn 14$66K$66K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$30K$30K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$114K$56K$58K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$3.2M$2.1M$70K$1.0M
Total functional expensesLn 25$3.6M$2.1M$178K$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.2M$4.6M−$2.5M$16.4M 990 PDF
FY2023 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $2,664,186 across 10 lines filed
VIII-1d Related organizations$325,924
VIII-1f All other contributions, gifts and grants$1,905,883
VIII-1g Noncash contributions (included above)$50,263
VIII-1h Total contributions, gifts and grants$2,231,807
VIII-3 Investment incomeExcluded from tax $432,379$432,379
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $432,379$2,664,186
Part IX · Statement of functional expenses $3,649,666 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesFundraising $19,101$19,101
IX-11b Legal fees$0
IX-11c Accounting feesManagement $23,992$23,992
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $53,141$53,141
IX-11f Investment management feesManagement $22,299$22,299
IX-11g Other fees for servicesManagement $667 · Fundraising $18,637$19,304
IX-12 Advertising and promotionFundraising $64,388$64,388
IX-13 Office expensesFundraising $6,063$6,063
IX-14 Information technologyFundraising $66,258$66,258
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelFundraising $30,347$30,347
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $55,578 · Fundraising $58,163$113,741
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $5,500$5,500
IX-24 Other expenses (24a–d)Programs $2,126,866 · Management $69,600 · Fundraising $1,029,066$3,225,532
IX-25 Total functional expensesPrograms $2,126,866 · Management $177,636 · Fundraising $1,345,164$3,649,666
Part X · Balance sheet $18,690,997 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $119,345$154,011
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $10,509,902$9,473,132
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $46,773$69,248
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $6,625,267$8,994,606
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $17,301,287$18,690,997
X-17 Accounts payable and accrued expensesStart of year $42,414$19,250
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $5,009$1,139,762
X-26 Total liabilitiesStart of year $47,423$1,159,012
X-27 Net assets without donor restrictionsStart of year $250,909$174,028
X-28 Net assets with donor restrictionsStart of year $17,002,955$17,357,957
X-32 Total net assets or fund balancesStart of year $17,253,864$17,531,985
X-33 Total liabilities and net assetsStart of year $17,301,287$18,690,997
Part XI · Reconciliation of net assets $17,531,985 net assets at year end
XI-1 Total revenue$2,664,186
XI-2 Total expenses$3,649,666
XI-3 Revenue less expenses−$985,480
XI-4 Net assets at start of year$17,253,864
XI-5 Net unrealized gains (losses) on investments$164,926
XI-6 Donated services and use of facilities$1,098,675
XI-10 Net assets at end of year$17,531,985

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

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