Overview
What is American Academy Of Arts And Sciences?
The American Academy of Arts and Sciences is an esteemed honorary membership organization, founded in 1780, based in Cambridge, Massachusetts. Comprised of accomplished scholars from various fields, the Academy focuses on analyzing pressing issues that cannot be easily addressed by scholars or professionals in isolation. With a mission to cultivate excellence and bring leaders together, they examine policy challenges and scholarly questions to advance the interests of a free, independent, and virtuous people. Their work encompasses five project categories: Science, Engineering, and Technology; Global Security and International Affairs; Education and the Development of Knowledge; The Humanities, Arts, and Culture; and American Institutions, Society, and the Public Good. The Academy currently employs 64 individuals and is dedicated to fostering new ideas, addressing important national and global issues, and collaborating to make a positive impact.
Official website here: www.amacad.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The American Academy of Arts and Sciences has received a remarkable Four-Star rating from Charity Navigator, driven by its strong emphasis on accountability and finance. The organization scored a perfect 100% in this area, indicating a well-managed nonprofit that demonstrates excellent oversight and governance practices. This high rating reflects the effectiveness of its independent board, comprised entirely of members committed to transparency and ethical standards.
Significant strengths include the academy's independent board composition, with 94% of members being independent, and its commitment to sound financial reporting. The organization has established various policies, such as conflict of interest and whistleblower protections, which further enhance its credibility. Additionally, the financial health indicators are robust, with a low liabilities-to-assets ratio and a substantial working capital ratio, showcasing its long-term sustainability.
While the data does not point to any major limitations or concerns regarding the operations of the American Academy of Arts and Sciences, maintaining this high level of performance will be crucial for its continued success. Overall, the organization stands out as a model for effective nonprofit governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is American Academy Of Arts And Sciences legitimate?
American Academy Of Arts And Sciences is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Academy Of Arts And Sciences submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $949,017
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,663,754
For more financial information, click here
Official website here: www.amacad.org
What is the mission statement of American Academy Of Arts And Sciences?
The American Academy of Arts and Sciences is an honorary membership organization that brings together distinguished scholars across various arts and sciences to analyze practical concerns for the nation. Founded in 1780, the Academy's mission is to recognize excellence, engage leaders, and examine issues that cannot be addressed by scholars or professionals in isolation. By cultivating every art and science that advances the interests, honor, dignity, and happiness of a free people, the Academy currently undertakes activities in five project categories: science, engineering, and technology; global security and international affairs; education and the development of knowledge; the humanities, arts, and culture; and American institutions, society, and the public good.
Official website here: www.amacad.org
Who is the CEO of American Academy Of Arts And Sciences?
David W Oxtoby is the Principal Officer of American Academy Of Arts And Sciences.
Official website here: www.amacad.org
What is the revenue of American Academy Of Arts And Sciences?
American Academy Of Arts And Sciences's revenue in 2022 was $23,416,811.
Official website here: www.amacad.org
Who are the executives of American Academy Of Arts And Sciences and what are their salaries?
The average compensation at American Academy Of Arts And Sciences during 2022 was $103,325. There are 64 employees and 700 volunteers at American Academy Of Arts And Sciences.
Here are 24 key members and their salaries:
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Official website here: www.amacad.org
Where can I find the form 990 for American Academy Of Arts And Sciences?
American Academy Of Arts And Sciences's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.amacad.org
Learn more at the official website: www.amacad.org
Mission Statement of American Academy Of Arts And Sciences
The American Academy of Arts and Sciences, established in 1780, is an esteemed honorary membership organization that brings together distinguished scholars from various fields of art, science, and humanities. This prestigious institution serves as a platform for conducting in-depth analyses of practical concerns affecting the nation and the world, tackling issues that go beyond the scope of individual scholars and professions.
The American Academy of Arts and Sciences is dedicated to recognizing excellence and convening leaders across multiple disciplines to examine new ideas, address critical challenges, and collaborate on solutions to enhance the interest, honor, dignity, and happiness of a free, independent, and virtuous people. The organization's mission is to cultivate every art and science that can contribute to the advancement of its community and the betterment of society.
The Academy's multifaceted activities span over five project categories: Science, Engineering, and Technology; Global Security and International Affairs; Education and the Development of Knowledge; The Humanities, Arts, and Culture; and American Institutions, Society, and the Public Good. By engaging members in interdisciplinary discussions, workshops, and research initiatives, the American Academy of Arts and Sciences aims to foster innovative solutions to the most pressing issues facing our nation and the world.
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Impact
October, 2024
The American Academy of Arts and Sciences significantly influences a wide array of fields by convening distinguished scholars, artists, policymakers, and business leaders to tackle pressing societal challenges. Founded in 1780, it serves as a platform for exploring new ideas and facilitating interdisciplinary collaboration. The Academy's projects span five crucial categories: science, engineering, and technology; global security and international affairs; education and knowledge development; the humanities, arts, and culture; and American institutions, society, and the public good.
By drawing on diverse expertise, the Academy generates influential studies that not only address critical policy challenges but also often pioneer new fields of inquiry. This integration of knowledge across disciplines helps create solutions that may not be easily achieved by individual scholars or professionals working in isolation, thereby advancing the interests, dignity, and happiness of society. The Academy's commitment to nurturing intellectual discourse fosters an environment where innovative ideas can flourish, ultimately benefiting both the nation and the world.
This information is meant to be a general summary of American Academy Of Arts And Sciences. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,010,119
- Program Service Revenue: $806,614
- Gross Receipts: $34,895,791
Assets and Liabilities:
- Total Assets: $123,112,972
- Total Liabilities: $4,361,906
- Net Assets: $118,751,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CATERING OPERATIONS
Revenue
$733,411
ROYALTIES
Revenue
$73,203
Organization Details
Founding Year
1780
Phone
(617) 576-5000Principal Officer
David W Oxtoby
Main Address
136 IRVING STREET, CAMBRIDGE, MA, 02138
Website
www.amacad.orgNTEE Category
Code: V300 - Social research
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