Civic Intelligence

Strategic Education Research Partnership Institute

990 • Fiscal year 2017 • EIN 30-0231116

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 18, 2018

1100 Connecticut Ave NW Ste 1310Washington, DC 20036

(202) 223-8555

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.36x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.12x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$323,235

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

27%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$952,526

Down $279,389 (-23%) from 2016

Net Assets

Up

$609,413

Up $332,395 (+120%) from 2016

Liabilities

Down

$343,113

Down $611,784 (-64%) from 2016

Revenue

Up

$2,961,564

Up $630,078 (+27%) from 2016

Expenses

Up

$2,629,169

Up $77,167 (+3.0%) from 2016

Net Income

Up

$332,395

Up $552,911 (+251%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,926,494Liabilities 2010: $881,818Net Assets 2010: $1,044,6762010Assets 2011: $1,105,306Liabilities 2011: $497,751Net Assets 2011: $607,5552011Assets 2012: $1,838,977Liabilities 2012: $1,477,652Net Assets 2012: $361,3252012Assets 2013: $1,283,773Liabilities 2013: $807,227Net Assets 2013: $476,5462013Assets 2014: $1,097,701Liabilities 2014: $584,630Net Assets 2014: $513,0712014Assets 2015: $1,215,067Liabilities 2015: $717,533Net Assets 2015: $497,5342015Assets 2016: $1,231,915Liabilities 2016: $954,897Net Assets 2016: $277,0182016Assets 2017: $952,526Liabilities 2017: $343,113Net Assets 2017: $609,4132017Assets 2018: $1,705,918Liabilities 2018: $278,120Net Assets 2018: $1,427,7982018Assets 2019: $2,391,725Liabilities 2019: $356,983Net Assets 2019: $2,034,7422019Assets 2020: $1,738,916Liabilities 2020: $226,629Net Assets 2020: $1,512,2872020Assets 2021: $1,566,464Liabilities 2021: $186,228Net Assets 2021: $1,380,2362021Assets 2022: $1,326,676Liabilities 2022: $240,843Net Assets 2022: $1,085,8332022Assets 2023: $1,147,791Liabilities 2023: $208,550Net Assets 2023: $939,2412023Assets 2024: $1,303,328Liabilities 2024: $235,908Net Assets 2024: $1,067,4202024

Highlighted filing

2017

Assets$952,526
Liabilities$343,113
Net Assets$609,413

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,937,6642010Expenses 2011: $4,531,5192011Expenses 2012: $6,191,7882012Revenue 2013: $6,458,327Expenses 2013: $6,343,106Net Income 2013: $115,2212013Revenue 2014: $5,118,030Expenses 2014: $5,081,505Net Income 2014: $36,5252014Revenue 2015: $3,526,503Expenses 2015: $3,542,040Net Income 2015: -$15,5372015Revenue 2016: $2,331,486Expenses 2016: $2,552,002Net Income 2016: -$220,5162016Revenue 2017: $2,961,564Expenses 2017: $2,629,169Net Income 2017: $332,3952017Revenue 2018: $4,087,915Expenses 2018: $3,269,530Net Income 2018: $818,3852018Revenue 2019: $4,185,136Expenses 2019: $3,578,192Net Income 2019: $606,9442019Revenue 2020: $2,558,161Expenses 2020: $3,080,616Net Income 2020: -$522,4552020Revenue 2021: $2,283,861Expenses 2021: $2,415,912Net Income 2021: -$132,0512021Revenue 2022: $2,179,455Expenses 2022: $2,473,858Net Income 2022: -$294,4032022Revenue 2023: $3,472,063Expenses 2023: $3,618,655Net Income 2023: -$146,5922023Revenue 2024: $3,388,396Expenses 2024: $3,260,217Net Income 2024: $128,1792024

Highlighted filing

2017

Revenue$2,961,564
Expenses$2,629,169
Net Income$332,395
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 18, 2018
Return Version
2017v2.3
Gross Receipts
$2,961,564
Mission and Program Overview

Mission

The strategic education research partnership generates innovative, scalable solutions to our schools' most pressing problems through sustained collaborations among researchers, practitioners, and designers. We work to increase equity, improve student learning, and give teachers and students greater agency.

To generate innovative, scalable solutions to our schools' most pressing problems through sustained collaborations among educators, researchers, and designers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$917,668$487,182▼ $430,486
Pledges and Grants Receivable$234,630$257,860▲ $23,230
Accounts Receivable$33,397$164,946▲ $131,549
Prepaid Expenses and Deferred Charges$29,379$31,822▲ $2,443
Cash and Non-Interest-Bearing Accounts$2,311$2,457▲ $146
Land, Buildings, and Equipment, Net$1,963$492▼ $1,471
Total Assets$1,231,915$952,526▼ $279,389
Other Assets Total$12,567$7,767▼ $4,800
Liabilities
Accounts Payable and Accrued Expenses$183,730$240,121▲ $56,391
Deferred Revenue$771,167$102,992▼ $668,175
Total Liabilities$954,897$343,113▼ $611,784
Net Assets / Fund Balance
Unrestricted Net Assets$277,018$604,413▲ $327,395
Temporarily Rstr Net Assets-$5,000-
Total Net Assets Fund Balance$277,018$609,413▲ $332,395
Total Liabilities and Net Assets / Fund Balance$1,231,915$952,526▼ $279,389

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$492$26,375$26,867
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Mary Suzanne DonovanExecutive Di$280,562$42,673$323,235
Mary Suzanne DonovanExecutive Director$279,770$43,465$323,235
Matthew EllingerDirector of$120,766$27,894$148,660

Board Members and Trustees

NameTitle
Bruce AlbertsChairman & P
Louis GomezBoard Member
Catherine SnowSecretary
Phil DaroTreasurer
Cinthia ColettiVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Temple UniversitySubawardeePO BOX 824242, Philadelphia, PA 19182$179,900
Goetz PrintingPrinting7939 ANGUS COURT, Springfield, VA 22153$138,023
Oakland Unified School DistrictSubawardee1000 BROADWAY SUITE 600, Oakland, CA 94607$136,247
Mills CollegeSubawardee5000 MACARTHUR BLVD, Oakland, CA 94613$117,411
Revenue and Support

Revenue Composition

Contributions and Grants
$1,967,795
Program Service Revenue
$992,353
Investment Income
$1,069
Other Revenue
$347
All Other Contributions
$900,655
Change in Net Assets
$332,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,961,564
Revenue Not Reported on Form 990
$71,270
Total Revenue per Audited Statements
$3,032,834
Total Revenue per Form 990
$2,961,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,452,919
Other Expenses$733,826
Grants and Similar Amounts Paid$442,424
Total Fundraising Expense$441
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$633,385$253,148$32$886,565
Grants to Domestic Orgs$442,424--$442,424
Current Officers, Directors, Trustees, and Key Employees$187,682$137,229$367$325,278
Fees for Services Other$240,794--$240,794
Office Expenses$178,990$3,981$3$182,974
Occupancy$80,350$43,071$27$123,448
Other Employee Benefits$63,856$25,522$3$89,381
Travel$83,598$5,242-$88,840
Payroll Taxes$58,486$23,376$3$81,865
Pension Plan Contributions$49,888$19,939$3$69,830
Fees for Services Accounting-$36,228-$36,228
Conferences and Meetings$22,838$1,426-$24,264
Information Technology$12,676$6,068$2$18,746
Insurance-$10,598-$10,598
Depreciation Depletion$1,147$324-$1,471
Other Expenses$270$1,012$1$270
Total Functional Expenses$2,060,904$567,824$441$2,629,169

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,700,439
Expenses per Audited Statements$2,629,169
Total Expenses per Form 990$2,629,169
Expenses Not Reported on Form 990$71,270
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Temple UniversityPhiladelphia, PA501c3Subaward - Research$161,851
Oakland Unified School DistrictOakland, CAGovSubaward - Research$145,747
Mills CollegeOakland, CA501c3Subaward - Research$110,087
MdrcNew York, NY501c3Subaward - Research$12,514
Boston UniversityBoston, MA501c3Subaward - Research$12,009
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive director, director of operations, and the finance director review the 990 tax return upon receipt from the preparer. Each reviews the return separately, and then they meet to review and answer any questions each person may have. Once the 990 is approved internally, the 990 tax return is forwarded to the treasurer of the board for an independent review. Any questions or concerns from the treasurer of the board are directed to the executive director. Once the treasurer and the executive director are satisfied as to the completion of the 990 tax return, the tax return is forwarded to the remaining board of directors for their approval. Once the full board approves, the executive director signs the return for filing.

Form 990, Page 6, Part VI, Line 12C

The organization annually reviews the conflict of interest policy each may with the board of directors and key employees. Each are required to disclose any item that may present a conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The executive director is reviewed annually by the board of directors at their board meeting regarding compensation.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Strategic Education Research
EIN
30-0231116
Phone
2022238555
Address
1100 CONNECTICUT AVE NW STE 1310, WASHINGTON, DC 20036

Signing Officer

Name
Mary Suzanne Donovan
Title
Executive Director
Phone
2022238555
Signed
2018-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Suzanne Donovan
Formed
2003
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
14
Volunteers
5

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Richard M Jones CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The strategic education research partnership institute mobilizes the expertise of outstanding teachers and school administrators, the power of scientific research, the talent of innovative designers, and the financial support of organizations committed to education in a collaborative effort to improve student learning.

Form 990, Page 2, Part III, Line 4A

Screening process, serp's wordgen elementary program was the only one chosen for the evaluation. With a 1.3 million subcontract, serp is supporting implementation in the 2017-18 school year in more than 30 schools (involving approximately 200 teachers and 5,000 students) in six urban school districts across five states. Local coaches support implementation on-the-ground and are supported by an experienced serp word generation coach, an english learner specialist, and experts catherine snow and catherine o'connor. A coaches' institute was held in summer 2017, and teacher training institutes occurred at each district prior to starting implementation in summer/fall. This study is occurring over a single school year only, thus evaluating the ability of the program to make a difference in student learning with teachers who are new to the program.

Form 990, Page 2, Part III, Line 4B

Areas of improvement for both the student materials and supports for teachers. All of the materials will eventually be accessible on a tablet platform.

Form 990, Page 2, Part III, Line 4C

Shift in instructional practice, placing urgent demands on school districts to provide professional learning opportunities capable of supporting that shift. This project is building a coherent and scalable plan for providing these opportunities in high school mathematics departments by bringing together four critical components that we contend are required to effectively address the challenge: a) a theoretically robust framework that characterizes the five essential dimensions of powerful mathematics classrooms (the trumath framework); b) curricular materials that support teaching that is consistent with that framework (the formative assessment lessons); c) lesson study protocols and materials focused on the curricular content and aligned with the dimensions of the trumath framework to create an intense focusing experience for professional learning communities (plcs); and d) an approach to professional development (pd) that can be used in school-based plcs (the trumath coaching system, grounded in the trumath conversation guide). The work includes: 1) the design/revision of trumath pd and coaching guides via an iterative design process, 2) the development of four lesson study mathematical resource packages using the trumath lens, and 3) study of changes in instructional practice and its impact on student learning, and 4) documentation that supports use by other districts and similar work by other research-practice partnerships. This project will allow for testing of the hypothesis that instructional improvement along the dimensions of the framework will produce improvements in student learning by combining the trumath framework with a lesson study process that focuses on enactment and improvement of instruction. The research design, focused on pre-post changes and natural variation as we work in partnership with sites, is more likely to produce "travel" of the ideas to other districts than pure experimental designs. The research will also produce valuable information about the growth trajectories of teachers in urban districts as they engage in novel but sustained forms of pd.

Form 990, Page 2, Part III, Line 4D

Other programs include: 1. Mathbyexample: dislodging misconceptions before they take root 2. Shifting instructional practice in middle grades mathematics 3. Building capacity to support stuggling adolescent readers 4. Raising gpa: improving grit, perseverance, and achievement in the baltimore city schools 5. Learning progressions in science 6. Conference: the theory and practice of academically productive talk 7. Oakland urban teacher residency 8. Research in design thinking

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in the institute's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The institute performed an evaluation of uncertain tax positions for the year ended december 31, 2017, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of december 31, 2017, the statute of limitations for tax years 2014 through 2016 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the institute files tax returns. It is the institute's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of december 31, 2017, the institute had no accruals for interest and/or penalties.

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IRS990/MissionDesc0THE STRATEGIC EDUCATION RESEARCH PARTNERSHIP INSTITUTE MOBILIZES THE EXPERTISE OF OUTSTANDING TEACHERS AND SCHOOL ADMINISTRATORS, THE POWER OF SCIENTIFIC RESEARCH, THE TALENT OF INNOVATIVE DESIGNERS, AND THE FINANCIAL SUPPORT OF ORGANIZATIONS COMMITTED TO EDUCATION IN A COLLABORATIVE EFFORT TO IMPROVE STUDENT LEARNING.
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IRS990/ProgSrvcAccomActy2Grp/Desc0IMPROVING SCIENCE TEACHING AND LEARNING IN MIDDLE GRADES THE GOAL OF THIS 1.3 MILLION PROJECT FUNDED BY THE SIMONS FOUNDATION IS TO PROVIDE A ROBUST SET OF MATERIALS AND SUPPORTS FOR IMPROVING THE QUALITY OF INSTRUCTION AND LEARNING IN SCIENCE IN THE MIDDLE GRADES, LEVERAGING THE EXISTING SCIENCE GENERATION MATERIALS. THE UNITS WERE INTRODUCED IN A SMALL SET OF CLASSROOMS TO EXPLORE HOW THEY CAN BE REVISED OR, IF NECESSARY, REDESIGNED FOR SUCCESSFUL USE IN A VARIETY OF CONTEXTS. THE DESIGN TEAM WORKS CLOSELY WITH THE PARTNER TEACHERS, ENGAGING IN A USER- CENTERED DESIGN PROCESS TO MAXIMIZE THE POTENTIAL OF THE MATERIALS. THEY OBSERVED TEACHERS AND STUDENTS USING THE MATERIALS IN ORDER TO DETERMINE AREAS OF IMPROVEMENT FOR BOTH THE STUDENT MATERIALS AND SUPPORTS FOR TEACHERS. ALL OF THE MATERIALS WILL EVENTUALLY BE ACCESSIBLE ON A TABLET PLATFORM.
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IRS990/ProgSrvcAccomActy3Grp/Desc0TRU-LESSON STUDY THIS FOUR-YEAR, 3 MILLION NSF-FUNDED PROJECT IS AN EXTENSION OF AN OUSD PARTNERSHIP WITH SERP. TRU MATH (TRU) AND LESSON STUDY (LS), BOTH STRATEGIES THAT HAVE BEEN SUCCESSFULLY PILOTED IN OUSD, ARE THE SPRINGBOARDS FOR THIS WORK. THE GOAL OF THE PROJECT IS TO DEVELOP AND TEST AN INTEGRATION OF THE TWO. TRU-LS IS A MATH DEPARTMENT LEVEL STRATEGY FOR IMPROVING THE TEACHING OF HIGH SCHOOL MATHEMATICS, PARTICULARLY IN ALGEBRA 1 AND GEOMETRY. THE COMMON CORE STATE STANDARDS FOR MATHEMATICS CALL FOR A FUNDAMENTAL SHIFT IN INSTRUCTIONAL PRACTICE, PLACING URGENT DEMANDS ON SCHOOL DISTRICTS TO PROVIDE PROFESSIONAL LEARNING OPPORTUNITIES CAPABLE OF SUPPORTING THAT SHIFT. THIS PROJECT IS BUILDING A COHERENT AND SCALABLE PLAN FOR PROVIDING THESE OPPORTUNITIES IN HIGH SCHOOL MATHEMATICS DEPARTMENTS BY BRINGING TOGETHER FOUR CRITICAL COMPONENTS THAT WE CONTEND ARE REQUIRED TO EFFECTIVELY ADDRESS THE CHALLENGE: A) A THEORETICALLY ROBUST FRAMEWORK THAT CHARACTERIZES THE FIVE ESSENTIAL DIMENSIONS OF POWERFUL MATHEMATICS CLASSROOMS (THE TRUMATH FRAMEWORK); B) CURRICULAR MATERIALS THAT SUPPORT TEACHING THAT IS CONSISTENT WITH THAT FRAMEWORK (THE FORMATIVE ASSESSMENT LESSONS); C) LESSON STUDY PROTOCOLS AND MATERIALS FOCUSED ON THE CURRICULAR CONTENT AND ALIGNED WITH THE DIMENSIONS OF THE TRUMATH FRAMEWORK TO CREATE AN INTENSE FOCUSING EXPERIENCE FOR PROFESSIONAL LEARNING COMMUNITIES (PLCS); AND D) AN APPROACH TO PROFESSIONAL DEVELOPMENT (PD) THAT CAN BE USED IN SCHOOL-BASED PLCS (THE TRUMATH COACHING SYSTEM, GROUNDED IN THE TRUMATH CONVERSATION GUIDE). THE WORK INCLUDES: 1) THE DESIGN/REVISION OF TRUMATH PD AND COACHING GUIDES VIA AN ITERATIVE DESIGN PROCESS, 2) THE DEVELOPMENT OF FOUR LESSON STUDY MATHEMATICAL RESOURCE PACKAGES USING THE TRUMATH LENS, AND 3) STUDY OF CHANGES IN INSTRUCTIONAL PRACTICE AND ITS IMPACT ON STUDENT LEARNING, AND 4) DOCUMENTATION THAT SUPPORTS USE BY OTHER DISTRICTS AND SIMILAR WORK BY OTHER RESEARCH-PRACTICE PARTNERSHIPS. THIS PROJECT WILL ALLOW FOR TESTING OF THE HYPOTHESIS THAT INSTRUCTIONAL IMPROVEMENT ALONG THE DIMENSIONS OF THE FRAMEWORK WILL PRODUCE IMPROVEMENTS IN STUDENT LEARNING BY COMBINING THE TRUMATH FRAMEWORK WITH A LESSON STUDY PROCESS THAT FOCUSES ON ENACTMENT AND IMPROVEMENT OF INSTRUCTION. THE RESEARCH DESIGN, FOCUSED ON PRE-POST CHANGES AND NATURAL VARIATION AS WE WORK IN PARTNERSHIP WITH SITES, IS MORE LIKELY TO PRODUCE "TRAVEL" OF THE IDEAS TO OTHER DISTRICTS THAN PURE EXPERIMENTAL DESIGNS. THE RESEARCH WILL ALSO PRODUCE VALUABLE INFORMATION ABOUT THE GROWTH TRAJECTORIES OF TEACHERS IN URBAN DISTRICTS AS THEY ENGAGE IN NOVEL BUT SUSTAINED FORMS OF PD.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS INCLUDE: 1. MATHBYEXAMPLE: DISLODGING MISCONCEPTIONS BEFORE THEY TAKE ROOT 2. SHIFTING INSTRUCTIONAL PRACTICE IN MIDDLE GRADES MATHEMATICS 3. BUILDING CAPACITY TO SUPPORT STUGGLING ADOLESCENT READERS 4. RAISING GPA: IMPROVING GRIT, PERSEVERANCE, AND ACHIEVEMENT IN THE BALTIMORE CITY SCHOOLS 5. LEARNING PROGRESSIONS IN SCIENCE 6. CONFERENCE: THE THEORY AND PRACTICE OF ACADEMICALLY PRODUCTIVE TALK 7. OAKLAND URBAN TEACHER RESIDENCY 8. RESEARCH IN DESIGN THINKING
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE INSTITUTE'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE INSTITUTE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2017, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2017, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2014 THROUGH 2016 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE INSTITUTE FILES TAX RETURNS. IT IS THE INSTITUTE'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF DECEMBER 31, 2017, THE INSTITUTE HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.24$1.07$3.39$3.26$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.21$0.94$3.47$3.62$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.33$0.24$1.09$2.18$2.47$0.29
2021Detailed filing. Detailed filing data is available for this year.$1.57$0.19$1.38$2.28$2.42$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.23$1.51$2.56$3.08$0.52
2019Detailed filing. Detailed filing data is available for this year.$2.39$0.36$2.03$4.19$3.58$0.61
2018Detailed filing. Detailed filing data is available for this year.$1.71$0.28$1.43$4.09$3.27$0.82
2017Detailed filing. Detailed filing data is available for this year.$0.95$0.34$0.61$2.96$2.63$0.33
2016Detailed filing. Detailed filing data is available for this year.$1.23$0.95$0.28$2.33$2.55$0.22
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.72$0.50$3.53$3.54$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.58$0.51$5.12$5.08$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.28$0.81$0.48$6.46$6.34$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$1.48$0.36$6.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.50$0.61$4.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.88$1.04$2.94