Civic Intelligence

Institute for Humane Studies

990 • Fiscal year 2023 • EIN 94-1623852

Sep 01, 2022 to Aug 31, 2023 • Filed on Feb 23, 2024

3434 Washington Blvd MS 1C5Arlington, VA 22201-4508

(703) 993-4880

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.36x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.53x

Higher debt load relative to revenue than 64% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

23rd percentile

-6.4%

Higher net margin than 23% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

84th percentile

$514,701

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

86th percentile

33%

Faster asset growth than 86% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-18%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$25,514,779

Up $6,293,310 (+33%) from 2022

Net Assets

Down

$16,424,258

Down $1,239,835 (-7.0%) from 2022

Liabilities

Up

$9,090,521

Up $7,533,145 (+484%) from 2022

Revenue

Down

$17,158,040

Down $3,724,349 (-18%) from 2022

Expenses

Up

$18,258,109

Up $1,190,307 (+7.0%) from 2022

Net Income

Down

-$1,100,069

Down $4,914,656 (-129%) from 2022

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $5,062,561Liabilities 2011: $594,105Net Assets 2011: $4,468,4562011Assets 2012: $4,670,149Liabilities 2012: $858,343Net Assets 2012: $3,811,8062012Assets 2013: $4,392,328Liabilities 2013: $733,884Net Assets 2013: $3,658,4442013Assets 2014: $4,945,849Liabilities 2014: $633,081Net Assets 2014: $4,312,7682014Assets 2015: $6,925,177Liabilities 2015: $1,099,934Net Assets 2015: $5,825,2432015Assets 2016: $9,202,604Liabilities 2016: $1,329,516Net Assets 2016: $7,873,0882016Assets 2017: $8,828,805Liabilities 2017: $1,295,698Net Assets 2017: $7,533,1072017Assets 2018: $9,848,348Liabilities 2018: $2,076,359Net Assets 2018: $7,771,9892018Assets 2019: $10,576,746Liabilities 2019: $1,786,389Net Assets 2019: $8,790,3572019Assets 2020: $15,087,210Liabilities 2020: $2,092,713Net Assets 2020: $12,994,4972020Assets 2021: $15,952,921Liabilities 2021: $1,700,104Net Assets 2021: $14,252,8172021Assets 2022: $19,221,469Liabilities 2022: $1,557,376Net Assets 2022: $17,664,0932022Assets 2023: $25,514,779Liabilities 2023: $9,090,521Net Assets 2023: $16,424,2582023Assets 2024: $35,458,810Liabilities 2024: $6,280,876Net Assets 2024: $29,177,9342024Assets 2025: $33,037,779Liabilities 2025: $3,249,848Net Assets 2025: $29,787,9312025

Highlighted filing

2023

Assets$25,514,779
Liabilities$9,090,521
Net Assets$16,424,258

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $9,904,619Expenses 2011: $8,632,911Net Income 2011: $1,271,7082011Expenses 2012: $11,236,2962012Expenses 2013: $11,449,8922013Revenue 2014: $11,516,759Expenses 2014: $11,310,800Net Income 2014: $205,9592014Revenue 2015: $13,148,796Expenses 2015: $11,590,380Net Income 2015: $1,558,4162015Revenue 2016: $17,440,753Expenses 2016: $15,405,367Net Income 2016: $2,035,3862016Revenue 2017: $17,911,252Expenses 2017: $18,238,447Net Income 2017: -$327,1952017Revenue 2018: $18,706,083Expenses 2018: $18,438,265Net Income 2018: $267,8182018Revenue 2019: $19,122,769Expenses 2019: $18,124,605Net Income 2019: $998,1642019Revenue 2020: $21,122,878Expenses 2020: $17,003,146Net Income 2020: $4,119,7322020Revenue 2021: $17,706,428Expenses 2021: $16,509,635Net Income 2021: $1,196,7932021Revenue 2022: $20,882,389Expenses 2022: $17,067,802Net Income 2022: $3,814,5872022Revenue 2023: $17,158,040Expenses 2023: $18,258,109Net Income 2023: -$1,100,0692023Revenue 2024: $31,057,023Expenses 2024: $18,205,179Net Income 2024: $12,851,8442024Revenue 2025: $21,127,707Expenses 2025: $20,443,149Net Income 2025: $684,5582025

Highlighted filing

2023

Revenue$17,158,040
Expenses$18,258,109
Net Income-$1,100,069
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Feb 23, 2024
Return Version
2022v5.0
Gross Receipts
$17,679,436
Mission and Program Overview

Mission

The Institute discovers, develops, and supports students, scholars, and other intellectuals who maintain the highest standard of academic excellence and who share an interest in the principles of the classical liberal tradition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$11,527,313$9,994,313▼ $1,533,000
Cash and Non-Interest-Bearing Accounts$4,537,405$4,533,073▼ $4,332
Investments in Publicly Traded Securities$1,393,588$1,254,941▼ $138,647
Prepaid Expenses and Deferred Charges$863,217$905,172▲ $41,955
Pledges and Grants Receivable$300,000$714,553▲ $414,553
Land, Buildings, and Equipment, Net$423,873$526,668▲ $102,795
Accounts Receivable$130,275$60,337▼ $69,938
Total Assets$19,221,469$25,514,779▲ $6,293,310
Other Assets Total$45,798$7,525,722▲ $7,479,924
Liabilities
Other Liabilities$1,049,603$8,357,006▲ $7,307,403
Accounts Payable and Accrued Expenses$507,773$733,515▲ $225,742
Total Liabilities$1,557,376$9,090,521▲ $7,533,145
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,812,206$15,032,156▼ $780,050
Net Assets With Donor Restrictions$1,851,887$1,392,102▼ $459,785
Total Net Assets Fund Balance$17,664,093$16,424,258▼ $1,239,835
Total Liabilities and Net Assets / Fund Balance$19,221,469$25,514,779▲ $6,293,310

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$511,676$426,150$937,826
Leasehold Improvements$14,992$584,688$599,680
Other Assets Org$82,267--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$118,423-▲ $37-$118,460
2021$118,409-▲ $14-$118,423
2020$118,406-▲ $3-$118,409
2019$121,646-▲ $2$3,242$118,406
2018$121,641-▲ $5-$121,646
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily Chamlee-WrightPresident and CEOFT$325,450$189,251$514,701
Courtney DerrChief Operating OfficerFT$194,950$103,503$298,453
Kyle HartzManaging Director of Info and Community StFT$231,716$23,702$255,418
Kyle HartzManaging Director of Info and Community-$156,716$98,702$255,418
Christopher GrozevDirector of Major and Planned GivingFT$156,775$61,603$218,378
Sarah StrawChief of Programs and OperationsFT$137,091$53,701$190,792
Shane CourtlandManaging Director Academic RelationsFT$129,875$55,501$185,376
Amanda BrandManaging Director Human ResourcesFT$113,408$37,351$150,759
Gary LeffChief Financial Officer & TreasurerPT$93,500$10,466$103,966

Board Members and Trustees

NameTitle
David HumphreysChairman
Ryan StowersChairman
Tyler CowenVice Chairman
Brian HooksDirector
Chris RuferDirector
Christopher CoyneDirector
James Arthur PopeDirector
Scott BeaulierDirector
Todd ZywickiDirector
Virgil StorrDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Resource Connection IncDigital product consulting services4800 Cox Rd Ste 100, Glen Allen, VA 23060$547,404
Solution Design Group IncDigital Platform Development Services7500 Olson Memorial Highway Ste 250, Golden Valley, MN 55427$156,188
American Philanthropic LLCConsulting services119 N High Street, West Chester, PA 19380$118,160
salesforcecom IncCloud-based online software services415 Mission Street 3rd Floor, San Francisco, CA 94105$117,735
Carnegie Dartlet LLCDigital advertising210 Littleton Road Ste 100, Westford, MA 01886$112,824
Revenue and Support

Revenue Composition

Contributions and Grants
$15,884,481
Program Service Revenue
$171,583
Investment Income
$360,942
Other Revenue
$741,034
All Other Contributions
$15,884,481
Change in Net Assets
$-1,100,069

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$28,967Fair Market Value
Total Noncash Contributions3$28,967-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,149,542
Revenue Not Reported on Financial Statements
$8,498
Revenue Not Reported on Form 990
$148,981
Total Revenue per Audited Statements
$17,298,523
Total Revenue per Form 990
$17,158,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,380,114
Other Expenses$6,040,152
Grants and Similar Amounts Paid$2,837,843
Total Fundraising Expense$1,944,980
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,833,251$449,783$857,311$7,140,345
Grants to Domestic Individuals$1,706,659--$1,706,659
Fees for Services Other$1,365,308$39,261$187,977$1,592,546
Occupancy$998,809$115,063$129,194$1,243,066
Current Officers, Directors, Trustees, and Key Employees$193,782$581,346$193,782$968,910
Travel$776,386$45,426$60,088$881,900
Grants to Domestic Orgs$768,609--$768,609
Other Employee Benefits$584,088$35,401$87,726$707,215
Conferences and Meetings$625,573$6,133$2,902$634,608
Information Technology$421,730$119,326$41,622$582,678
Payroll Taxes$423,349$64,092$76,203$563,644
Office Expenses$184,790$26,655$264,558$476,003
Foreign Grants$362,575--$362,575
Advertising$295,914$284$319$296,517
Depreciation Depletion$194,026$22,352$25,097$241,475
Insurance-$30,533-$30,533
Fees for Services Legal$10,383$1,196$10,487$22,066
Fees for Services Accounting-$19,139-$19,139
Fees for Service Investment Mgmnt Fees-$8,498-$8,498
Other Expenses$3,057$352$395$3,804
Total Functional Expenses$14,748,289$1,564,840$1,944,980$18,258,109

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,538,358
Total Expenses per Form 990$18,258,109
Expenses per Audited Statements$18,249,611
Expenses Not Reported on Form 990$288,747
Expenses Not Reported on Financial Statements$8,498
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cornell UniversityIthaca, NY501(c)(3)Student development/education grants$94,000
University of PennsylvaniaPhiladelphia, PA501(c)(3)Student development/education grants$82,000
Linfield University-McMinnville CampusMcMinnville, OR501(c)(3)Student development/education grants$40,000
University of North Carolina at Chapel HillChapel Hill, NC501(c)(3)Student development/education grants$35,000
Massachusetts Institute of TechnologyCambridge, MA501(c)(3)Student development/education grants$32,160
YouGovRedwood City, CA501(c)(3)Student development/education grants$31,160
Colorado State University-Fort CollinsFort Collins, CO501(c)(3)Student development/education grants$25,000
Georgia Tech Research CorporationAtlanta, GA501(c)(3)Student development/education grants$25,000
University of IowaIowa City, IA501(c)(3)Student development/education grants$23,750
University of Illinois Urbana-ChampaignUrbana, IL501(c)(3)Student development/education grants$22,000
Columbia University in the City of New YorkNew York, NY501(c)(3)Student development/education grants$18,000
Ohio University FoundationAthens, OH501(c)(3)Student development/education grants$17,500
University of Wisconsin-MadisonMadison, WI501(c)(3)Student development/education grants$17,000
Harvard UniversityCambridge, MA501(c)(3)Student development/education grants$16,800
Syracuse UniversitySyracuse, NY501(c)(3)Student development/education grants$15,600
University of New Orleans FoundationNew Orleans, LA501(c)(3)Student development/education grants$15,000
Arizona State University-TempeTempe, AZ501(c)(3)Student development/education grants$12,500
Chapman UniversityOrange, CA501(c)(3)Student development/education grants$12,500
The Regents of the University of ColoradoDenver, CO501(c)(3)Student development/education grants$12,000
Texas A&M UniversityCollege Station, TX501(c)(3)Student development/education grants$11,700
Arizona State University FoundationTempe, AZ501(c)(3)Student development/education grants$10,000
Research Foundation of the City University of New YorkNew York, NY501(c)(3)Student development/education grants$10,000
Duke UniversityDurham, NC501(c)(3)Student development/education grants$9,847
Regents of the University of MichiganAnn Arbor, MI501(c)(3)Student development/education grants$9,825
University of Missouri-ColumbiaColumbia, MI501(c)(3)Student development/education grants$8,360
Center for Constitutional Studies at Utah Valley UniversityOrem, UT501(c)(3)Student development/education grants$7,000
Institute for International Economic PolicyAshburn, VA501(c)(3)Student development/education grants$6,726
University of Wisconsin-Eau ClaireEau Claire, WI501(c)(3)Student development/education grants$6,400
Western Kentucky UniversityBowling Green, KY501(c)(3)Student development/education grants$6,000
Purdue University-Main CampusWest Lafayette, IN501(c)(3)Student development/education grants$5,400
Creighton UniversityOmaha, NE-Student development/education grants$5,180

International Summary

Offices
0
Employees
58
Spending
$419,223

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
EuropeGrants to recipients located in the region-00$190,740
North AmericaGrants to recipients located in the region-00$70,222
Europe (Including Iceland and Greenland)Program ServicesAuthorship, Scholarly Peer Review, Speaker, Participation and Discussion Facilitation Services, Data Quality and Research Services038$38,098
East Asia and the PacificGrants to recipients located in the region-00$33,878
South AsiaGrants to recipients located in the region-00$27,245
South AmericaGrants to recipients located in the region-00$23,080
Middle East and North AfricaGrants to recipients located in the region-00$10,600
North AmericaProgram ServicesSpeaker, Participation and Discussion Facilitation Services010$10,000
Russia and Neighboring StatesGrants to recipients located in the region-00$6,500
East Asia and the PacificProgram ServicesAuthorship, Scholarly Peer Review, Participation and Discussion Facilitation Services06$5,350
South AsiaProgram ServicesConference engagement services02$2,600
Middle East and North AfricaProgram ServicesConference engagement services01$500
Central America and the CaribbeanGrants to recipients located in the region-00$310
South AmericaProgram ServicesConference engagement services01$100
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease liabilities - operating lease$8,225,051
Gift annuities$131,955
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
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, Section B, line 11B

Draft 990 is prepared by the independent accountants and provided to the Vice Chairman of the Board for review prior to filing.

Form 990, Part VI, Section B, line 12C

Conflicts and potential conflicts of interest are described in the Institute's Employee Manual, which is distributed to all employees. Disclosure is required contemporaneously with any potential conflicts and employees are regularly reminded of the obligation. The Board of Directors will review any conflicts and take necessary action.

Form 990, Part VI, Section B, line 15

Compensation for officers is set annually by the Executive Committee of the Board of Directors. Management provides the Committee with comparability data to consider in their review of compensation. The Chairman of the Executive Commitee of the Board of Directors communicates to Management in writing with the decisions of the Committee on officer compensation.

Form 990, Part VI, Section C, line 19

The Institute's financial statements and governing documents are available upon request to those deemed to have bona fide business purpose which advances the exempt purpose of the organization.

Filing and Contact Details

Filer

Filer Name
Institute for Humane Studies
EIN
94-1623852
Phone
7039934880
Address
3434 Washington Blvd MS 1C5, Arlington, VA 22201-4508

Signing Officer

Name
Gary Leff
Title
Chief Financial Officer & Treasurer
Phone
7039934880
Signed
2024-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Leff
Formed
1961
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
90
Volunteers
0

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Lori A Collingsworth
Phone
7038930300
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The Institute's Board of Directors assumes responsibility for oversight of the audit, including selection of independent accountant. This process is consistent with prior years.

Financial Statement Notes

Part V, Line 4:

Permanently restricted endowments consist of funds contributed to the Ronald J. Berkheimer and Estelle C. Berkheimer Endowment Fund. Earnings from this fund in excess of required increases to the corpus can be used to support the study of market economics. Temporarily restricted endowment earnings can be used to fund the Institute's general programs.

Part X, Line 2:

Management evaluated the Institute's tax positions and concluded that the financial statements do not include any uncertain tax positions.

Raw XML AppendixShowing 400 of 1,315 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/Desc0Amplifying Research through Focus Areas: With a community of 5,000+ university-based scholars spanning a variety of fields and hundreds of institutions, IHS is supporting and connecting the brightest minds who are developing and advancing the ideas that support thriving and free societies in which all people have the opportunity to flourish. IHS will concentrate its activities and investments from 2022 to 2026 across seven focus areas by convening scholars through online and in-person programs and workshops and funding innovative research that advances our understanding of, and solutions to, complex social, economic, and collective action problems.
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IRS990/Form990PartVIISectionAGrp/TitleTxt10President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chief Financial Officer & Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chief Operating Officer
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Director of Major and Planned Giving
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chief of Programs and Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt16Managing Director Academic Relations
IRS990/Form990PartVIISectionAGrp/TitleTxt17Managing Director Human Resources
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IRS990/MissionDesc0The Institute discovers, develops, and supports students, scholars, and other intellectuals who maintain the highest standard of academic excellence and who share an interest in the principles of the classical liberal tradition.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Academic Talent-Development Programs: The Institute's academic talent-development programs work to develop talented graduate students who are interested in careers in academia. It accomplishes this through fellowships, grants, career development workshops, academic research seminars, and networking at academic conferences.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Scaling the IHS Digital Community: The Institute's digital platform and suite of resources empowers scholars and research communities in the IHS network with the knowledge and tools they need to grow their impact. This includes tailored recommendations for connection to scholars and researchers well beyond their own communities, along with tools to pursue those connections, including user-driven outreach, collaboration tools, programs, and funding to support collaboration.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$33.0$3.25$29.8$21.1$20.4$0.68
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$6.28$29.2$31.1$18.2$12.9
2023Detailed filing. Detailed filing data is available for this year.$25.5$9.09$16.4$17.2$18.3$1.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$1.56$17.7$20.9$17.1$3.81
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$1.70$14.3$17.7$16.5$1.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.1$2.09$13.0$21.1$17.0$4.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$1.79$8.79$19.1$18.1$1.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.85$2.08$7.77$18.7$18.4$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.83$1.30$7.53$17.9$18.2$0.33
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.20$1.33$7.87$17.4$15.4$2.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.93$1.10$5.83$13.1$11.6$1.56
2014Detailed filing. Detailed filing data is available for this year.$4.95$0.63$4.31$11.5$11.3$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.39$0.73$3.66$11.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$0.86$3.81$11.2
2011Summary only. Only limited summary data is available for this year.$5.06$0.59$4.47$9.90$8.63$1.27