Civic Intelligence

Aip Foundation

EIN 83-4485064 • 501(c)3 • College Park, MD

Profile

The aip foundation's mission is to create a culture of philanthropy and generate support that will advance aips role as a world-class center of excellence in research on the heritage and history of the physical sciences, as well as enrich the experience of and propel the careers of a new generation of scientists.

1 Physics EllipseCollege Park, MD 20740

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

27th percentile

0.04x

Higher debt load relative to assets than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.31x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

3rd percentile

-113%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

98th percentile

164%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2024

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2024

Assets

Down

$17,119,452

Down $1,571,545 (-8.4%) from 2023

Liabilities

Down

$670,995

Down $488,017 (-42%) from 2023

Net Assets

Down

$16,448,457

Down $1,083,528 (-6.2%) from 2023

Revenue

Down

$2,166,896

Down $497,290 (-19%) from 2023

Expenses

Up

$4,625,872

Up $976,206 (+27%) from 2023

Net Income

Down

-$2,458,976

Down $1,473,496 (-150%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2019: $10,000Liabilities 2019: $0Net Assets 2019: $10,0002019Assets 2020: $166,618Liabilities 2020: $63,839Net Assets 2020: $102,7792020Assets 2021: $932,385Liabilities 2021: $12,851Net Assets 2021: $919,5342021Assets 2022: $17,301,287Liabilities 2022: $47,423Net Assets 2022: $17,253,8642022Assets 2023: $18,690,997Liabilities 2023: $1,159,012Net Assets 2023: $17,531,9852023Assets 2024: $17,119,452Liabilities 2024: $670,995Net Assets 2024: $16,448,4572024

Highlighted filing

2024

Assets$17,119,452
Liabilities$670,995
Net Assets$16,448,457

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2019: $230,368Expenses 2019: $220,368Net Income 2019: $10,0002019Revenue 2020: $241,200Expenses 2020: $846,269Net Income 2020: -$605,0692020Revenue 2021: $1,213,393Expenses 2021: $1,006,782Net Income 2021: $206,6112021Revenue 2022: $17,166,448Expenses 2022: $1,460,935Net Income 2022: $15,705,5132022Revenue 2023: $2,664,186Expenses 2023: $3,649,666Net Income 2023: -$985,4802023Revenue 2024: $2,166,896Expenses 2024: $4,625,872Net Income 2024: -$2,458,9762024

Highlighted filing

2024

Revenue$2,166,896
Expenses$4,625,872
Net Income-$2,458,976

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 11, 2025
Return Version
2024v5.1
Gross Receipts
$2,166,896
Mission and Program Overview

Mission

The aip foundation's mission is to create a culture of philanthropy and generate support that will advance aips role as a world-class center of excellence in research on the heritage and history of the physical sciences, as well as enrich the experience of and propel the careers of a new generation of scientists.

The aip foundation is organized and operates exclusively for charitable, scientific, and educational purposes within the meaning of section 501(c)(3) of the irs code 1986.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,994,606$9,187,102▲ $192,496
Pledges and Grants Receivable$9,473,132$7,456,920▼ $2,016,212
Cash and Non-Interest-Bearing Accounts$154,011$414,260▲ $260,249
Prepaid Expenses and Deferred Charges$69,248$61,170▼ $8,078
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$18,690,997$17,119,452▼ $1,571,545
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$1,139,762$599,113▼ $540,649
Accounts Payable and Accrued Expenses$19,250$71,882▲ $52,632
Total Liabilities$1,159,012$670,995▼ $488,017
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,357,957$16,178,422▼ $1,179,535
Net Assets Without Donor Restrictions$174,028$270,035▲ $96,007
Total Net Assets Fund Balance$17,531,985$16,448,457▼ $1,083,528
Total Liabilities and Net Assets / Fund Balance$18,690,997$17,119,452▼ $1,571,545

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,952,927$69,750▲ $393,260-$6,415,937
2023$5,474,583$90,118▲ $388,226-$5,952,927
2022$422,638$5,047,971▲ $3,974-$5,474,583
2021$21,517$401,100▲ $21-$422,638
2020$0$21,517--$21,517
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Eric FurstTreasurerPT$22,500$22,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,703,683
Program Service Revenue
$0
Investment Income
$463,213
Other Revenue
$0
All Other Contributions
$1,356,632
Change in Net Assets
$-2,458,976

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,166,896
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$156,618
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,323,514
Total Revenue per Form 990
$2,166,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,588,522
Total Fundraising Expense$1,415,953
Professional Fundraising Fees$37,350
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$0$72,384$1,146,446$1,218,830
Information Technology$0$0$97,110$97,110
Conferences and Meetings$0$47,924$36,750$84,674
Advertising$0$0$54,395$54,395
Fees for Services Professional Fundraising--$37,350$37,350
Fees for Services Accounting$0$23,063$0$23,063
Fees for Service Investment Mgmnt Fees$0$15,873$0$15,873
Travel$0$0$14,940$14,940
Fees for Services Other$0$393$13,526$13,919
Fees for Services Management--$8,100$8,100
Office Expenses$0$0$7,336$7,336
Insurance$0$5,500$0$5,500
Fees for Services Legal$0$3,387$0$3,387
Total Functional Expenses$3,041,395$168,524$1,415,953$4,625,872

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,625,872
Total Expenses per Audited Statements$4,625,872
Total Expenses per Form 990$4,625,872
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$37,350
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$599,113
Due to Related Organization-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

Explanation of classes of members or shareholders: aip foundation is a non-profit non-stock corporation.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 review process: the form 990 is reviewed by the cfo and then made available to all members of the board of trustees. Information pertaining to certain contributions may be redacted from the form presented for review if requested by the donor.

Form 990, Part VI, Line 12C Conflict of interest policy

The conflict-of-interest policy is provided to each member of the board of trustees. All trustees are required to disclose any conflicts of interest and to notify the board of any conflicts that may arise throughout the year.

Form 990, Part VI, Line 19 Required documents available to the public

Other organization documents made available to the public: financial information and the conflict of interest policy are available to the public upon request.

FORM 990, PART VI, LINE 7A: HOW MEMBERS OF SHAREHOLDERS ELECT GOVERNING BOARD:

How members of shareholders elect governing board: except for the initial board of trustees, the number of trustees constituting the entire board of trustees shall be fixed by action of aip, as member, provided that the number of trustees shall not be less than 3 nor more than 17, including two ex-officio trustees. The number of trustees may be increased or decreased by amendment of the bylaws or by action of aip, as member.

FORM 990, PART VI, LINE 7B:

Aip, as member, shall annually elect trustees to fill the seats of trustees whose terms are expiring, and each trustee shall hold office for his or her term and until a successor has been elected and qualified or until an earlier resignation or removal. The corporation may be dissolved, and its assets distributed as provided in the certificate of incorporation, only by action of aip, as member of the corporation.

FORM 990, PART VI, LINE 15B:

Aip foundation pays no compensation and therefore has no compensation policy. The related organization, the american institute of physics, details their compensation policies on schedule j and schedule o of their form 990.

Filing and Contact Details

Filer

Filer Name
Aip Foundation
EIN
83-4485064
Phone
3012093147
Address
1 PHYSICS ELLIPSE, COLLEGE PARK, MD 20740

Signing Officer

Name
Catherine Swartz
Title
Chief Financial Officer
Phone
3012093100
Signed
2025-09-11
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
De
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
17

Preparer

Firm
Bdo USA
Address
8401 GREENSBORO DR STE 800, MCLEAN, VA 22102-3599
Preparer
Todd Teresco
Phone
7038930600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4B

The society of physics students (sps) is a scientific society for physics and astronomy undergraduates and their mentors, with more than 6,400 members spread over more than 900 chapters nationwide and 36 international chapters. Sps exists to support undergraduate students interested in physics and astronomy, promoting inclusivity and collegiality, supporting physics and astronomy departments, and reaching out in service to the broader community. Sigma pi sigma, the physics and astronomy honor society, recognizes outstanding scholars in physics and astronomy, encourages interest in the field, and promotes an attitude of service among its over 90,000 life-long members and 599 chapters towards the entire physics and astronomy community and the public. Sigma pi sigma provides a network of people spanning from undergraduate and graduate students through retired professionals. The connection of alumni with current students provides rich opportunities for support of both students and departments. The society of physics students and sigma pi sigma provide enriching experiences for students interested in the physical sciences through internships, scholarships, fellowships, and student programs at scientific meetings - opportunities that are vital to the professional development of all undergraduate physics and astronomy students.

Form 990, Part III, Line 4C

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. THE HISTORY OF THE PHYSICAL SCIENCES OFFERS A RICH FRAMEWORK OF EXCITING PAST ACHIEVEMENTS AND VALUABLE GUIDANCE FOR CURRENT AND FUTURE GENERATIONS. THE CORE ACTIVITIES OF AIP's HISTORY PROGRAMS INCLUDE LOCATING AND PRESERVING PRIMARY SOURCE MATERIAL, SUPPORTING THE PRODUCTION OF HISTORICAL RESEARCH IN THE PHYSICAL SCIENCES, AND BRINGING THIS HISTORY TO A WIDE AUDIENCE. AIP's HISTORY PRORGAMS COLLECT ORAL HISTORY INTERVIEWS, AN IMMEDIATE AND PERSONAL TESTIMONY TO SCIENCE IN PASSING GENERATIONS. WE SUPPORT HISTORICAL WRITING THROUGH GRANTS AND FELLOWSHIPS, AS WELL AS THROUGH THE EARLY CAREER CONFERENCE AND OUR SUPPORT OF EMERGING SCHOLARS. WE SUPPORT EDUCATION AND ENGAGEMENT WITH THE HISTORY OF THE PHYSICAL SCIENCES THROUGH OUR NEWSLETTERS AND HISTORY OF SCIENCE ONLINE RESOURCES. AIP'S HISTORY PROGRAMS ALSO SPONSOR A PUBLIC LECTURE SERIES. A CORE PART OF AIP's HISTORY PROGRAM'S is THE NIELS BOHR LIBRARY & ARCHIVES (NBLA), WHICH DOCUMENTS THE HISTORY OF AIP AND OTHER SCIENTIFIC INSTITUTIONS BY COLLECTING INSTITUTIONAL RECORDS AND OTHER PRIMARY RESOURCES THAT DETAIL THE ACTIVITIES OF THE ORGANIZATIONS AND HIGHLIGHT THE ROLES THAT THESE INSTITUTIONS PLAY IN THE WORLD AT LARGE, CAPTURING HOW SCIENTIFIC INSTITUTIONS. THE NBLA ALSO PRESERVES ORAL HISTORY INTERVIEWS, PHOTOGRAPHS AND MEDIA, BOOKS, JOURNALS, AND OTHER PUBLISHED MATERIALS PERTAINING TO THE HISTORY OF THE PHYSICAL SCIENCES. IN RECENT YEARS, THE NBLA HAS BROADENED THE SCOPE OF THE COLLECTIONS TO INCLUDE OLDER MATERIALS AND RARE BOOKS, DATING BACK TO THE 16TH AND 17TH CENTURIES, IN TOPICS THAT FORM THE FOUNDATION OF MODERN SCIENCE. LOOKING TO THE FUTURE, THE NBL&A STRIVES TO SERVE AND CONNECT WITH OUR RESEARCH COMMUNITY THROUGH INCREASED OUTREACH AND PROMOTION OF OUR RESOURCES AND GLOBAL ACCESS TO OUR COLLECTIONS THROUGH STRATEGIC DIGITIZATION AND REMOTE ACCESS TO SELECTED MATERIALS. THE AIP MEDIA SERVICES TEAM WORKS WITH AIP PUBLISHING, AIP'S MEMBER SOCIETIES, AND ALLIED ORGANIZATIONS TO PRODUCE AND PROMOTE TIMELY, ACCURATE PUBLIC DISSEMINATION OF SCIENTIFIC ADVANCES AND KNOWLEDGE. MEDIA SERVICES STAFFS PRESS ROOMS, ORGANIZES PRESS CONFERENCES AND PRODUCES HUNDREDS OF WRITTEN STORIES, AND OTHER FORMS OF PUBLIC INFORMATION FOR THE PHYSICAL SCIENCES COMMUNITY, MEDIA, AND GENERAL PUBLIC EVERY YEAR. AIP' SOCIAL SCIENCE AND POLICY RESEARCH PROGRAMS, COLLECT AND DISSEMINATES RELIABLE AND TIMELY DATA ON EDUCATION, CAREERS, AND DEMOGRAPHICS IN PHYSICAL SCIENCES. DATA ARE PUBLISHED IN THE AREAS OF ENROLLMENT, DEGREES, DEMOGRAPHICS, EMPLOYMENT BY ECONOMIC SECTOR, AND SALARY INFORMATION FOR PHYSICS AND ASTRONOMY BACHELOR'S, MASTER'S, AND PHD HOLDERS. AIP'S RESEARCH TEAM ALSO PROVIDES SURVEY EXPERTISE AND CONTRACTS WITH MEMBER SOCIETIES AND OUTSIDE ORGANIZATIONS TO CONDUCT TARGETED STUDIES.

Form 990, Part III, Line 4A

Aip foundation is organized and operates exclusively for charitable, scientific, and educational purposes within the meaning of section 501 (c ) (3) of the irs code 1986. In keeping with its mission to advance, promote and serve the physical sciences for the benefit of humanity, aip offers unique expertise and products in: student engagement; preservation and promulgation of the history of the physical sciences; content delivery; magazine publishing; statistical research; and public policy reporting, research and analysis.

Form 990, Part III, Line 4A-4C Description of program services

(Expenses $ including grants of $) SEE SCHEDULE O.

Form 990, Part III, Line 4D

AIP'S USES A PORTION OF AIP'S STRATEGIC RESERVES AS A BOARD-DESIGNATED FUND, TO ADVANCE THE SUCCESS OF ITS MEMBER SOCIETIES THROUGH ITS VENTURE GRANTS PROGRAM AND COLLECTIVE ACTION ACTIVITIES, AND TO SUPPORT STEM Excellence IN THE PHYSICAL SCIENCES. THE VENTURE GRANTS PROGRAM FUNDS INNOVATIVE PROJECTS OF ONE OR MORE MEMBER SOCIETIES. AIP AFFILIATES MAY ALSO PARTNER WITH MEMBER SOCIETIES ON VENTURE GRANT PROJECTS. FOR A MEMBER SOCIETY TO RECEIVE THIS GRANT, THE SOCIETY MUST SUBMIT A PROPOSAL TO THE VENTURE GRANT ADVISORY COMMITTEE. THE COMMITTEE, COMPRISED OF INDEPENDENT MEMBERS, PERFORMS A THOROUGH REVIEW OF SUBMISSIONS AND MAKES INDEPENDENT RECOMMENDATIONS TO MANAGEMENT ON THE DISTRIBUTION OF THE GRANTS. AIP IS DEEPLY COMMITTED TO ADVANCING CAREER OPPORTUNITIES IN THE PHYSICAL SCIENCES AND CULTIVATING A CULTURE OF STEM EXCELLENCE THAT SUPPORTS INCLUSIVE, WELCOMING ENVIRONMENTS. OUR EFFORTS FOCUS ON ENSURING THAT ANYONE INTERESTED IN THE PHYSICAL SCIENCES CAN THRIVE THROUGHOUT THEIR EDUCATIONAL AND PROFESSIONAL JOURNEY. GUIDED BY DATA, WE PRIORITIZE COMMUNITIES WHERE INVESTMENT IS MOST NEEDED-WORKING TO ENSURE THAT NO ONE IS LEFT BEHIND. AIP LAUNCHED THE COLLECTIVE ACTION INITIATIVE, TEAM-UP TOGETHER IN 2022 TO CATALYZE STRUCTURAL AND CULTURAL CHANGE IN PHYSICS AND ASTRONOMY TO SIGNIFICANTLY IMPROVE GRADUATION OUTCOMES FOR UNDERGRADUATES WHO FACE THE STARKEST BARRIERS TO SUCCESS IN THESE FIELDS, INCLUDING A FOCUS ON AFRICAN AMERICAN STUDENTS. GROUNDED IN RESEARCH, THE INITIATIVE HAS TWO MAIN COMPONENTS. STUDENT PROGRAM: THIS PROGRAM PROVIDES SCHOLARSHIPS TO PHYSICS AND ASTRONOMY UNDERGRADUATE STUDENTS, MENTORING, RESEARCH AND INTERNSHIP OPPORTUNITIES, ACCESS TO PROFESSIONAL DEVELOPMENT THROUGH CONFERENCES AND MEETINGS, AND COMMUNITY BUILDING TO HELP IMPROVE STUDENT'S SENSE OF BELONGING, ALLEVIATE FINANCIAL BARRIERS, AND PREPARE THEM FOR POST GRADUATE ENDEAVORS (E.G. GRADUATE SCHOOL OR WORKFORCE. IN 2024, TU-T AWARDED 72 SCHOLARSHIPS IN THE AMOUNT OF $10,000 EACH, REPRESENTING 61 SCHOOLS ACROSS THE UNITED STATES, HOSTED THE TU-T STUDENT EXPERIENCE CONFERENCE, AND CONNECTED 39 STUDENTS TO MENTORS, AMONG OTHER SUPPORTS. DEPARTMENT PROGRAM: THE EXPANDING EXPERTISE, CHAMPIONING EXCELLENCE AND LEADERSHIP (EXCEL) GRANT PROGRAM ADDRESSES SYSTEMIC CHANGE BY PROVIDING FUNDING FOR PHYSICS AND ASTRONOMY DEPARTMENTS TO LAUNCH INNOVATIVE EFFORTS AND PROGRAMS THAT DRIVE SYSTEMIC CHANGE AND PRIORITIZE SUPPORT TO ENSURE SUCCESSFUL OUTCOMES FOR STUDENTS, INCLUDING AFRICAN AMERICAN UNDERGRADUATES. IN 2024, AIP AWARDED APPROXIMATELY $1M IN FUNDING TO FIVE ACADEMIC DEPARTMENTS TO IMPLEMENT TWO-YEAR PROJECTS. AIP FURTHER SUPPORTED THE PHYSICS AND ASTRONOMY COMMUNITY TO MEET PROGRAM GOALS BY LAUNCHING A DIGITAL EXPERIENCE PLATFORM TO ENGAGE AND INFORM STAKEHOLDERS AND GAVE NUMEROUS PRESENTATIONS AT SCIENTIFIC MEETINGS AND CONFERENCES. AS PART OF ITS STRATEGIC PRIORITIES, AIP LAUNCHED A FEDERATION-WIDE STRATEGIC PLAN IN MARCH 2024 TO FOSTER A CULTURE OF STEM EXCELLENCE AND EXPAND OPPORTUNITY IN THE PHYSICAL SCIENCES. DEVELOPED THROUGH COLLABORATIVE INPUT FROM MEMBER SOCIETIES, THE PLAN OUTLINES ACTIONS THAT WILL STRENGTHEN THE FEDERATION THROUGH COMMUNITY BUILDING, PROFESSIONAL DEVELOPMENT, AND RESOURCE CREATION. THE GOAL IS TO DRIVE MEANINGFUL CHANGE BY IDENTIFYING AND DISMANTLING SYSTEMIC AND CULTURAL BARRIERS WHILE BUILDING AND SUSTAINING RELATIONSHIPS THAT ADVANCE BOTH MEMBER SOCIETIES AND AIP'S COMMITMENT TO STEM EXCELLENCE. THIS WORK IS LED BY THE ADVANCING OPPORTUNITY & COMMUNITY ENGAGEMENT WORKGROUP, WHICH INCLUDES REPRESENTATIVES FROM TEN AIP MEMBER SOCIETIES. AIP JOINS OTHER ORGANIZATIONS AS A PARTNER FOR THE STEMM OPPORTUNITY ALLIANCE (SOA). THE SOA AIMS TO BUILD A STEMM ECONOMY THAT EXPANDS OPPORTUNITIES FOR ALL AMERICANS AND REFLECTS THE DIVERSITY OF OUR NATION BY 2050.THE TEAM-UP TOGETHER INITIATIVE AND THE FEDERATION STRATEGIC PLAN TO STEM EXCELLENCE ARE LISTED AS ONE OF THE 'MODEL' PROGRAMS ALIGNED WITH SOA GOALS.

Form 990, Part III, Line 1

The aip foundation is organized and operates exclusively for charitable, scientific, and educational purposes within the meaning of section 501 (c) (3) of the irs code 1986. Aip advances the physical sciences as a federation and an institute. As a federation, aip works to advance the success of its member societies and affiliates so that they can leverage their diverse expertise and contributions in advancing the physical sciences in the research enterprise, in the economy, in education and in society. Through their shared goals and partnership with aip, member organizations broaden their impact and achieve results beyond their individual missions and mandates. Aip also acts as an independent institute that empowers physical scientists with journalism; social science, demographics and policy research; and history and student programs. Aip also advances the physical sciences through the missions and operations of aip publishing and of aip foundation. Aip recognizes and honors excellence in the physical sciences, raising public awareness of the contributions our community makes to society with several named awards.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

AIP Foundation has nine separate funds which have been endowed by donors: Robert H.G. Helleman Memorial Endowment, the SPS Endowment, Center for History of Physics (CHP) Endowment, Sigma Pi Sigma Congress Centennial Endowment, Stith Endowment, Rowe Scholarship, Trimble Lecture Endowment, the Physics History & Promise Endowment, and Alice Dodge Wallace Physics History & Promise Endowment. IN HIS WILL ROBERT H.G. HELLEMAN BEQUEATHED FUNDS FOR AIP TO ESTABLISH AN ENDOWMENT TO SUPPORT GRADUATE STUDENTS OR POSTDOCTORAL FELLOWS WITH DUTCH CITIZENSHIP TO PURSUE RESEARCH ACTIVITIES IN PHYSICS IN THE UNITED STATES. THE SPS ENDOWMENT FUND SUPPORTS STUDENT TRAVEL GRANTS, MAKING IT POSSIBLE FOR THEM TO ATTEND SEMINARS AND CONFERENCES OR TO PRESENT RESEARCH AND OTHER WORK AT SYMPOSIA. IT ALSO SUPPORTS PROGRAMS AND GATHERINGS OF THE PHYSICS AND ASTRONOMY COMMUNITIES. THE SIGMA PI SIGMA CONGRESS CENTENNIAL ENDOWMENT FUND WILL BE USED TO LOWER THE FINANCIAL BURDEN FOR STUDENTS WHO MIGHT OTHERWISE NOT ATTEND THE CENTENNIAL PHYSCON, THE MODERN INCARNATION OF THE HISTORICAL SIGMA PI SIGMA CONGRESS, BY REDUCING THE COSTS OF REGISTRATION, TRAVEL, LODGING, AND MEALS. THE CHP ENDOWMENT FUND SUPPORTS THE CENTER IN BUILDING ITS PUBLIC PROGRAMS THAT WILL BE NEEDED TO CONNECT SCHOLARS, ORAL HISTORIES, AND OTHER ARCHIVES TO THE PUBLIC IN YEARS TO COME, AS WELL AS SUPPORTING ONGOING RESEARCH AND EDUCATIONAL OUTREACH. THE TRIMBLE LECTURE ENDOWMENT FUND SUPPORTS THE ONGOING ENGAGEMENT OF NOTED SCHOLARS AND LECTURERS WHO NOT ONLY ADDRESS BUT INTERACT WITH AUDIENCES IN PERSON AND ONLINE IN THE ONGOING EXPLORATION OF PHYSICS AND RELATED SCIENCES AND THEIR SOCIETAL RELEVANCE TO PAST AND FUTURE GENERATIONS. THE PHYSICS HISTORY & PROMISE ENDOWMENT FUND IS USED TO SUPPORT MISSION-BASED INITIATIVES RELATED TO HISTORY AND LIBRARY PROGRAMS. PHYSICS HISTORY & PROMISE ENDOWMENT FUND IS USED TO SUPPORT MISSION-BASED INITIATIVES RELATED TO AIP HISTORY PROGRAMS; NAMELY, TO PRESERVE AND MAKE KNOWN THE HISTORY OF PHYSICS AND ALLIED SCIENCES. The Stith endowed gift is to be used to support undergraduate African American students' professional development activities and programs with the goal of increasing the representation of African American Ph.D. graduates in physics. The goal is to create opportunities for undergraduate students to be exposed to the nature, culture and ethics of the physics profession through travel to professional meetings in the field. The Rowe Scholarship Endowment Fund supports undergraduate physics and astronomy students who have faced systemic or other barriers in attaining higher education and apply to the TEAM-UP Together scholarship program.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The foundation follows u.s. Gaap which recognize income tax positions taken or expected to be taken in a tax return only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The foundation believes that its income tax positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the foundation's financial position, results of activities or cash flows. Accordingly, the foundation has not recorded any reserves or related accruals for uncertain tax positions on december 31, 2024 and 2023. The foundation believes that it is no longer subject to u.s. Federal, state, and local income tax examinations by tax authorities for years before 2022.

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