Civic Intelligence

Aspen Center for Physics

990 • Fiscal year 2017 • EIN 84-6059504

Apr 01, 2016 to Mar 31, 2017 • Filed on Aug 21, 2017

700 West Gillespie StreetAspen, CO 81611

(970) 925-2585

Siviq Scores

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

Liabilities / Assets

46th percentile

0.07x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

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

Net Margin

60th percentile

7.0%

Higher net margin than 60% of similar nonprofits.

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

Top Officer Pay

84th percentile

$153,488

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

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

Asset Growth

65th percentile

8.9%

Faster asset growth than 65% of similar nonprofits.

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

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

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

Assets

Up

$4,841,910

Up $396,882 (+8.9%) from 2016

Net Assets

Up

$4,492,450

Up $330,430 (+7.9%) from 2016

Liabilities

Up

$349,460

Up $66,452 (+23%) from 2016

Revenue

Up

$1,928,562

Up $260,015 (+16%) from 2016

Expenses

Up

$1,794,449

Up $215,971 (+14%) from 2016

Net Income

Up

$134,113

Up $44,044 (+49%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $3,703,865Liabilities 2011: $327,813Net Assets 2011: $3,376,0522011Assets 2012: $3,767,257Liabilities 2012: $310,356Net Assets 2012: $3,456,9012012Assets 2013: $3,725,207Liabilities 2013: $292,472Net Assets 2013: $3,432,7352013Assets 2014: $4,371,312Liabilities 2014: $334,939Net Assets 2014: $4,036,3732014Assets 2015: $4,553,624Liabilities 2015: $398,502Net Assets 2015: $4,155,1222015Assets 2016: $4,445,028Liabilities 2016: $283,008Net Assets 2016: $4,162,0202016Assets 2017: $4,841,910Liabilities 2017: $349,460Net Assets 2017: $4,492,4502017Assets 2018: $5,883,767Liabilities 2018: $313,321Net Assets 2018: $5,570,4462018Assets 2019: $6,154,885Liabilities 2019: $442,466Net Assets 2019: $5,712,4192019Assets 2020: $5,406,411Liabilities 2020: $29,809Net Assets 2020: $5,376,6022020Assets 2021: $6,864,505Liabilities 2021: $336,437Net Assets 2021: $6,528,0682021Assets 2022: $7,035,110Liabilities 2022: $600,366Net Assets 2022: $6,434,7442022Assets 2023: $6,783,128Liabilities 2023: $720,503Net Assets 2023: $6,062,6252023Assets 2025: $8,471,391Liabilities 2025: $749,234Net Assets 2025: $7,722,1572025

Highlighted filing

2017

Assets$4,841,910
Liabilities$349,460
Net Assets$4,492,450

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,743,3972011Expenses 2012: $1,698,7982012Revenue 2013: $1,779,030Expenses 2013: $1,912,710Net Income 2013: -$133,6802013Revenue 2014: $2,314,519Expenses 2014: $1,567,890Net Income 2014: $746,6292014Revenue 2015: $1,691,844Expenses 2015: $1,671,721Net Income 2015: $20,1232015Revenue 2016: $1,668,547Expenses 2016: $1,578,478Net Income 2016: $90,0692016Revenue 2017: $1,928,562Expenses 2017: $1,794,449Net Income 2017: $134,1132017Revenue 2018: $2,660,317Expenses 2018: $1,819,330Net Income 2018: $840,9872018Revenue 2019: $2,008,841Expenses 2019: $1,903,043Net Income 2019: $105,7982019Revenue 2020: $2,118,757Expenses 2020: $2,099,399Net Income 2020: $19,3582020Revenue 2021: $590,200Expenses 2021: $556,118Net Income 2021: $34,0822021Revenue 2022: $1,875,830Expenses 2022: $1,903,988Net Income 2022: -$28,1582022Revenue 2023: $2,793,154Expenses 2023: $2,827,761Net Income 2023: -$34,6072023Revenue 2025: $3,354,485Expenses 2025: $4,108,037Net Income 2025: -$753,5522025

Highlighted filing

2017

Revenue$1,928,562
Expenses$1,794,449
Net Income$134,113
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Aug 21, 2017
Return Version
2016v3.0
Gross Receipts
$2,184,591
Mission and Program Overview

Mission

Aspen center for physics is a scientific organization which promotes organized research in physics, astrophysics, and related fields through programs of individual and collaborative research, workshops, and conferences, as well as promotes the education of the general public through public lectures and other activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,331,010$2,795,215▲ $464,205
Land, Buildings, and Equipment, Net$1,105,247$1,069,183▼ $36,064
Cash and Non-Interest-Bearing Accounts$600,846$627,102▲ $26,256
Pledges and Grants Receivable$274,202$187,528▼ $86,674
Savings and Temporary Cash Investments$100,893$102,339▲ $1,446
Accounts Receivable$12,498$46,241▲ $33,743
Prepaid Expenses and Deferred Charges$20,332$14,302▼ $6,030
Total Assets$4,445,028$4,841,910▲ $396,882
Liabilities
Deferred Revenue$242,180$333,960▲ $91,780
Accounts Payable and Accrued Expenses$40,828$15,500▼ $25,328
Total Liabilities$283,008$349,460▲ $66,452
Net Assets / Fund Balance
Unrestricted Net Assets$3,787,982$4,176,032▲ $388,050
Temporarily Rstr Net Assets$374,038$316,418▼ $57,620
Total Net Assets Fund Balance$4,162,020$4,492,450▲ $330,430
Total Liabilities and Net Assets / Fund Balance$4,445,028$4,841,910▲ $396,882

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$988,186$2,424,787$3,412,973
Other Land Buildings$80,976$1,778,437$1,859,413
Equipment$1$230,473$230,474
Land$20-$20

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,655,861$779,757▲ $266,146$-716,574$2,978,590
2015$2,767,697$537,120▼ $38,661$-601,795$2,655,861
2014$2,437,541$484,032▲ $372,982$-444,791$2,767,697
2013$1,801,820$877,682▲ $244,886$-476,222$2,437,541
2012$1,707,367$147,737▲ $128,735$-174,299$1,801,820
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane KellyAdmin Vice PFT$145,073$8,415$153,488
Jane KellyAdmin Vice President-$145,073$8,415$153,488

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$703,392
Program Service Revenue
$1,088,126
Investment Income
$81,379
Other Revenue
$55,665
All Other Contributions
$220,426
Change in Net Assets
$134,113

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,928,562
Revenue Not Reported on Form 990
$196,317
Total Revenue per Audited Statements
$2,124,879
Total Revenue per Form 990
$1,928,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,298,021
Salaries, Compensation, and Employee Benefits$290,005
Grants and Similar Amounts Paid$206,423
Total Fundraising Expense$2,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$100,628$52,636$1,548$154,812
Grants to Domestic Individuals$153,922--$153,922
Depreciation Depletion$52,434$66,734-$119,168
Other Salaries and Wages$74,903$37,280$998$113,181
Occupancy$25,465$31,353-$56,818
Foreign Grants$52,501--$52,501
Office Expenses$33,588$5,766-$39,354
Conferences and Meetings$27,778--$27,778
Payroll Taxes$11,935$6,110$172$18,217
Insurance$7,842$9,982-$17,824
Fees for Service Investment Mgmnt Fees-$11,485-$11,485
Other Expenses$10,755--$10,755
Fees for Services Accounting-$9,485-$9,485
All Other Expenses$8,393--$8,393
Information Technology$2,837$3,611-$6,448
Fees for Services Other$5,241--$5,241
Pension Plan Contributions$2,530$1,233$32$3,795
Advertising$2,523--$2,523
Total Functional Expenses$1,556,024$235,675$2,750$1,794,449

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,794,449
Total Expenses per Audited Statements$1,794,449
Total Expenses per Form 990$1,794,449
International Activity

International Summary

Spending
$19,351

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaProgram ServicesTravel Support to US--$6,764
Sub-saharan AfricaProgram ServicesTravel Support to US--$4,327
East AsiaProgram ServicesTravel Support to US--$3,000
Middle EastProgram ServicesTravel Support to US--$2,557
South AsiaProgram ServicesTravel Support to US--$1,500
North AmericaProgram ServicesTravel Support to US--$1,203
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
No
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI

General members-- the general members shall determine the general policies of the center, including its scientific program and admissions policy. They shall nominate and elect the trustees. General members must approve financial commitments greater than 250,000, the sale of buildings or property, changes in the mode of operations of the corporation that affect its program, and changes in its overall policies or purpose. Financial commitments include: (a) sale or purchase of property or buildings; (b) encumbrances on property or buildings; (c) construction contracts, loans for new construction; (d) long-term leases; (e) commitments which would materially change the program or operations. Financial transactions which are excluded from this provision include short-term leases for participants' housing made by the administrative staff with the approval of the president and treasurer and routine, revocable transfers of funds between accounts. Trustees and officers-- the affairs of the corporation shall be managed by its board of trustees who need not be residents of the state of colorado. The management of the affairs of the corporation shall be within the general guidelines set by the general members and shall be consistent with the bylaws and articles of incorporation. Conveyances of encumbrances of the property of the corporation shall be authorized by the board of trustees and executed by those persons designated by the board subject to the approval of the general members when so required by the bylaws.

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

Approximately a week prior to filing the form 990, a draft in pdf format is emailed to officers and trustees. Comments and corrections are strongly encouraged. In addition, the administrative vice president and finance manager discuss the entire draft form with the preparer in detail in advance of filing.

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

The board of trustees reviews and approves the administrative vice president's annual salary and benefits, with no participation by the administrative vice president or other interested persons. The salary and benefits are established using comparable data for similarly qualified persons in functionally comparable positions at similar nonprofits, consideration of roles and responsibilities of the administrative vice president, and cost of living data. Comparable market data are obtained from salary surveys and form 990s filed by comparable not -for-profit organizations. The center has a travel policy that caps reimbursement levels and requires low-budget travel.

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

A line item budget is approved by the general members annually. They approve the overall salaries and benefits expenses. Discussions and decisions regarding the budget are documented in board meeting minutes. The board of trustees review and approve the salaries and benefits of the administrative vice president and the financial manager, with no participation by the interested persons, in accordance with the annual budget. Salaries and benefits are established using comparable data for similarly qualified persons in functionally comparable positions at similar nonprofits, consideration of roles and responsibilities of the officer or key employee, and cost of living data. Comparable market data are obtained from salary surveys and form 990s filed by comparable not-for-profit organizations.

Form 990, Page 6, Part VI, Line 19

We consider requests on a case-by-case basis.

Filing and Contact Details

Filer

Filer Name
Aspen Center for Physics
EIN
84-6059504
Phone
9709252585
Address
700 WEST GILLESPIE STREET, ASPEN, CO 81611

Signing Officer

Name
Candace Cross
Title
Admin Vice President
Phone
9709252585
Signed
2017-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Candace Cross
Formed
1962
Legal Domicile
Co
Voting Board Members
71
Independent Board Members
71
Employees
8
Volunteers
39

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Diane K Granger
Phone
3038308109
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Aspen center for physics is a scientific organization which promotes organized research in physics, astrophysics, and related fields through programs of individual and collaborative research, workshops, and conferences, as well as promotes the education of the general public through public lectures and other activities.

Form 990

(mission statement, cont'd) workshops, and conferences, as well as promotes the education of the general public through public lectures and other activities.

Form 990, Page 1, Part I, Line 6

39 board members perform all of the scientific management and administration of the center. They also make decisions on the non- scientific management of the center. 38 lecturers, dialogue speakers, and summer and winter kids speakers deliver free-of-charge public lectures to local and visiting aspen audiences. 14 colloquium speakers deliver talks about their fields for all physicists in residence, particularly for those who work in fields other than the speaker's. 19 high school mentors meet with acp's high school interns to answer the students' questions about college and careers. 58 summer and winter organizers propose workshop or conference topics, then manage that event. 3 community volunteers assist with the maintenance of the acp campus. 40 radio show volunteers.

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

And cross-fertilization between different areas. While continuing to provide leadership in the central areas of physics (particle physics, astrophysics, and condensed matter physics), aspen center for physics has been open to new directions in physics as well as to science at the interface between physics and other disciplines (biology, chemistry, engineering, material science, and mathematics). In addition, 7 to 8 one- week winter conferences bring together 60 to 100 researchers per week in areas of current interest in physics and inter-disciplinary physics research. The center provides office space, office supplies, meeting space, library facilities, and network access to its participants. Support is provided to all individuals during the summer session for whom lodging is arranged by the center. Physicists' summer bills are reduced by the amount of support; overpayments are refunded by check. Winter support is usually awarded to junior scientists and those with a demonstrated need in order to attend. During the fiscal year ended march 31, 2017, there were 511 summer participants (summer 2016) and 643 winter participants (in january, february, and march 2017).

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

Physicists, to learn about the profession, and to learn some science in fun and entertaining ways. Summer 2016 held five picnics. (3) high school mentor program. Acp hires rising senior physics students from 5 valley high schools to work for a summer week at the center to see what theoretical physicists do and to chat with 2 or 3 physicists about college, careers, and/or science. About 31 physicists and students participated in 2016. (4) high school monthly radio show--radio physics. Valley high school physics students from 5 schools interview physicists on a monthly radio show. This introduces the students to science, public speaking, and informs the listening public about current physics topics. There were 52 student and physicist participants for this fiscal year. (5) physics cafes. Co-hosted with aspen science center, before each public lecture 2 or 3 physicists meet with students and the public to discuss physics or careers in science, or whatever topics the public might bring up. From january to march 2017, 566 people attended 8 cafes. (6) television broadcasts. Before most lectures and some dialogues, acp conducts interviews with its speakers. These and the taped lectures are aired several times during the winter or summer seasons. In addition, all videos are available on grassroots tv's website and youtube with links from the acp website. There are over 300 acp scientific lectures and interviews available at no charge online. (7) aspen center for physics website. In an on-going project to share the science done at the center, acp has a section of its website titled, "the science." this lists publications generated at the center and includes slides from scientific colloquia attended by summer participants, as well as other scientific information. Total number of public listening to radio broadcasts or viewing videos on television or online: unknown.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Board-designated endowment is to be used for contingencies. Temporarily restricted amounts are spent in accordance with donors' designations.

Schedule D, Page 3, Part X

The center is exempt from federal and state income taxes under the provisions of internal revenue code section 501(c)(3). Accordingly, no provision or liability for income taxes has been provided in the accompanying financial statements

Raw XML AppendixShowing 400 of 909 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0SINCE ITS INCEPTION IN 1962, ASPEN CENTER FOR PHYSICS HAS PROVIDED A UNIQUE PHYSICAL AND SCIENTIFIC ENVIRONMENT IDEALLY SUITED FOR STIMULATING INTERACTIONS, COLLABORATIONS, AND INNOVATION IN PHYSICS RESEARCH. FOR 16 WEEKS EACH SUMMER, MORE THAN 500 LEADING INTERNATIONAL RESEARCHERS, FREED FROM THE USUAL CONSTRAINTS AND DISTRACTIONS OF THEIR HOME INSTITUTIONS, COME TO ASPEN TO ENGAGE IN RESEARCH AT THE FOREFRONT OF THEIR FIELDS. RESEARCH IS CONDUCTED: (A) IN THE CONTEXT OF WORKSHOPS IN AREAS AT THE FOREFRONT OF PHYSICS RESEARCH; (B) IN SMALL GROUPS FOCUSED ON SPECIFIC PROJECTS; OR, (C) BY INDIVIDUAL INVESTIGATORS CARRYING OUT THEIR OWN RESEARCH. THE SCIENTIFIC PROGRAMS EMPHASIZE OPEN PROBLEMS AT THE CUTTING EDGE AND ARE DESIGNED TO MAXIMIZE INFORMAL INTERACTIONS WITHIN EACH AREA AND CROSS-FERTILIZATION BETWEEN DIFFERENT AREAS. WHILE CONTINUING TO PROVIDE LEADERSHIP IN THE CENTRAL AREAS OF PHYSICS (PARTICLE PHYSICS, ASTROPHYSICS, AND CONDENSED MATTER PHYSICS), ASPEN CENTER FOR PHYSICS HAS BEEN OPEN TO NEW DIRECTIONS IN PHYSICS AS WELL AS TO SCIENCE AT THE INTERFACE BETWEEN PHYSICS AND OTHER DISCIPLINES (BIOLOGY, CHEMISTRY, ENGINEERING, MATERIAL SCIENCE, AND MATHEMATICS). IN ADDITION, 7 TO 8 ONE- WEEK WINTER CONFERENCES BRING TOGETHER 60 TO 100 RESEARCHERS PER WEEK IN AREAS OF CURRENT INTEREST IN PHYSICS AND INTER-DISCIPLINARY PHYSICS RESEARCH. THE CENTER PROVIDES OFFICE SPACE, OFFICE SUPPLIES, MEETING SPACE, LIBRARY FACILITIES, AND NETWORK ACCESS TO ITS PARTICIPANTS. SUPPORT IS PROVIDED TO ALL INDIVIDUALS DURING THE SUMMER SESSION FOR WHOM LODGING IS ARRANGED BY THE CENTER. PHYSICISTS' SUMMER BILLS ARE REDUCED BY THE AMOUNT OF SUPPORT; OVERPAYMENTS ARE REFUNDED BY CHECK. WINTER SUPPORT IS USUALLY AWARDED TO JUNIOR SCIENTISTS AND THOSE WITH A DEMONSTRATED NEED IN ORDER TO ATTEND. DURING THE FISCAL YEAR ENDED MARCH 31, 2017, THERE WERE 511 SUMMER PARTICIPANTS (SUMMER 2016) AND 643 WINTER PARTICIPANTS (IN JANUARY, FEBRUARY, AND MARCH 2017).
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.47$0.75$7.72$3.35$4.11$0.75
2023Summary only. Only limited summary data is available for this year.$6.78$0.72$6.06$2.79$2.83$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.04$0.60$6.43$1.88$1.90$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.86$0.34$6.53$0.59$0.56$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.41$0.03$5.38$2.12$2.10$0.02
2019Summary only. Only limited summary data is available for this year.$6.15$0.44$5.71$2.01$1.90$0.11
2018Summary only. Only limited summary data is available for this year.$5.88$0.31$5.57$2.66$1.82$0.84
2017Detailed filing. Detailed filing data is available for this year.$4.84$0.35$4.49$1.93$1.79$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$0.28$4.16$1.67$1.58$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.55$0.40$4.16$1.69$1.67$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.37$0.33$4.04$2.31$1.57$0.75
2013Summary only. Only limited summary data is available for this year.$3.73$0.29$3.43$1.78$1.91$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.31$3.46$1.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$0.33$3.38$1.74
Peer Organizations

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