Civic Intelligence

Aip Foundation

990 • Fiscal year 2022 • EIN 83-4485064

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 18, 2023

1 Physics EllipseCollege Park, MD 20740

(301) 209-3100

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

7th percentile

0.00x

Higher debt load relative to revenue than 7% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

97th percentile

91%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$594,646

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

100th percentile

1756%

Faster asset growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

1315%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$17,301,287

Up $16,368,902 (+1756%) from 2021

Net Assets

Up

$17,253,864

Up $16,334,330 (+1776%) from 2021

Liabilities

Up

$47,423

Up $34,572 (+269%) from 2021

Revenue

Up

$17,166,448

Up $15,953,055 (+1315%) from 2021

Expenses

Up

$1,460,935

Up $454,153 (+45%) from 2021

Net Income

Up

$15,705,513

Up $15,498,902 (+7501%) from 2021

Historical Trend

Balance Sheet Trend

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

$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

2022

Assets$17,301,287
Liabilities$47,423
Net Assets$17,253,864

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$17,166,448
Expenses$1,460,935
Net Income$15,705,513
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 18, 2023
Return Version
2022v5.0
Gross Receipts
$17,166,448
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
Pledges and Grants Receivable$95,267$10,509,902▲ $10,414,635
Investments in Publicly Traded Securities$0$6,625,267▲ $6,625,267
Cash and Non-Interest-Bearing Accounts$824,076$119,345▼ $704,731
Prepaid Expenses and Deferred Charges$13,042$46,773▲ $33,731
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$932,385$17,301,287▲ $16,368,902
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$12,851$42,414▲ $29,563
Other Liabilities$0$5,009▲ $5,009
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$12,851$47,423▲ $34,572
Net Assets / Fund Balance
Net Assets With Donor Restrictions$805,139$17,002,955▲ $16,197,816
Net Assets Without Donor Restrictions$114,395$250,909▲ $136,514
Total Net Assets Fund Balance$919,534$17,253,864▲ $16,334,330
Total Liabilities and Net Assets / Fund Balance$932,385$17,301,287▲ $16,368,902

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$422,638$5,047,971▲ $3,974-$5,474,583
2021$21,517$401,100▲ $21-$422,638
2020-$21,517--$21,517
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Tanya EastonExecutive DirectorPT$80,852$80,852

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$17,150,056
Program Service Revenue
$0
Investment Income
$16,392
Other Revenue
$0
All Other Contributions
$16,755,741
Change in Net Assets
$15,705,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,334,932
Total Fundraising Expense$881,979
Professional Fundraising Fees$126,003
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$454,993$0$0$454,993
Fees for Services Professional Fundraising--$126,003$126,003
Information Technology--$61,965$61,965
Fees for Services Management--$60,411$60,411
Conferences and Meetings-$25,081$20,400$45,481
Advertising--$28,914$28,914
Fees for Services Accounting-$19,059-$19,059
Fees for Services Other--$12,412$12,412
Travel--$11,255$11,255
Office Expenses--$6,623$6,623
Insurance-$5,000-$5,000
Total Functional Expenses$454,993$123,963$881,979$1,460,935
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$126,003
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Due to Related Organization$5,009
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
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:

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

FORM 990, PART VI, LINE 7A:

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 11B:

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:

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 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.

FORM 990, PART VI, LINE 19:

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

Filing and Contact Details

Filer

Filer Name
AIP Foundation
EIN
83-4485064
In Care Of
% CATHERINE G SWARTZ
Phone
3012093100
Address
1 PHYSICS ELLIPSE, COLLEGE PARK, MD 20740

Signing Officer

Name
Catherine Swartz
Title
CFO
Phone
3012093100
Signed
2023-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Lee
Formed
2019
Legal Domicile
De
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
20

Preparer

Firm
Bdo USA
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Marc Berger
Phone
7038930600
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4D:

Diversity, equity, inclusion aip has invested in diversity, equity, and inclusion across the institute. In january 2020, the task force to elevate african american representation in undergraduate physics and astronomy (team-up) released its groundbreaking report, systemic changes to increase african americans with bachelor's degrees in physics and astronomy. Recognizing the importance of both information and action, aip dedicated full-time staff to promote and advance the team-up report recommendations within the physics and astronomy academic communities and assembled a committee of experts to organize implementation workshops aimed at helping these departments create action plans and environments where african american students can thrive. The aip board established a diversity action fund for action-based grants to support our member societies' initiatives in response to racial injustices. The fund also established a joint award with the national society of black physicists, the aip-nsbp joseph a. Johnson ii award, which honors dr. Johnson's legacy as a pioneering experimental physicist, cofounder of nsbp, and inspirational mentor to countless black students. Aip partnered with the #blackinphysics organizers to spotlight black physicists - their stories and their contributions to science and society. Our flagship publication, physics today, created a #blackinphysics week essay series as part of that partnership and each year draws attention to issues affecting women, lgbtqai+ people, people with disablities and people of color in the physical sciences. In 2022, aip established the diveristy, equity, inclusion, belonging and accessibility (deiba) workgroup consisting of nine member societies. The purpose of this group is to fine tune and finalize the existing deiba framework that will support advancement of the member societies' deiba initiatives and programs, as well as provide guidance on prioritizing strategies, and championing implementation efforts. The purpose of the deiba strategic plan is to support aip's mission to "advance, promote, and serve the physical sciences for the benefit of humanityto support the work of the member societies and federation at large to advance deiba in the physical sciences community.

Financial Statement Notes

SCHEDULE D, PART V, LINE 4:

Aipf has six separate funds which have been endowed by donors: the robert h.g. Helleman memorial endowment fund, the sps endowment fund, the sigma pi sigma congress centennial endowment fund, the center for the history of physics endowment fund, the trimble lecture endowment fund, and the alice dodge wallce physics history & promise endowment fund. 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 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 alice dodge wallace 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.

SCHEDULE D, PART X, LINE 2:

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, 2022 and 2021. 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 2020.

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IRS990/ProgSrvcAccomActy2Grp/Desc0SOCIETY 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 852 SPS CHAPTERS NATIONWIDE AND 36 INTERNATIONAL CHAPTERS. SPS EXISTS TO SUPPORT UNDERGRADUATE STUDENTS WITH AN INTEREST IN PHYSICS, PHYSICS AND ASTRONOMY DEPARTMENTS, AND 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 80,000 MEMBERS AND 591 CHAPTERS TOWARDS THE ENTIRE PHYSICS COMMUNITY AND THE PUBLIC. A PRIMARY MISSION OF SIGMA PI SIGMA IS TO SUPPORT PHYSICISTS, UNDERGRADUATE DEPARTMENTS, AND ALUMNI BY IMPROVING DEPARTMENT HEALTH. THE SOCIETY OF PHYSICS STUDENTS AND SIGMA PI SIGMA PROVIDE ENRICHING EXPERIENCES FOR STUDENTS INTERESTED IN THE PHYSICAL SCIENCES AND ASTRONOMY THROUGH CHAPTER, MEMBER, AND STUDENT PROGRAMS - OPPORTUNITIES THAT PROMOTE THE PROFESSIONAL DEVELOPMENT OF THE UNDERGRADUATE PHYSICS AND ASTRONOMY STUDENT.
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