Overview
What is National Academy Of Sciences?
The National Academy of Sciences (NAS) is a distinguished membership organization of scholars based in Washington, D.C. Founded under the U.S. Congress' charter in 1863, NAS is dedicated to advancing science for the general welfare. As a private institution, NAS provides advice and services to the U.S. government and other sponsors in accordance with its charter. With a workforce of over 1,300 employees, NAS operates as a tax-exempt organization under section 501(C)(3) of the Internal Revenue Code, except for unrelated business income.
Official website here: www.nas.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 95%, Four-Star out of Four Star rating.
The National Academy of Sciences has received a commendable Four-Star rating from Charity Navigator, indicating high standards in accountability and financial management. With an overall score of 95%, the organization demonstrates strong governance, featuring a majority of independent board members and comprehensive oversight measures, which contribute to its excellent Accountability & Finance score of 90%.
The organization excels in financial responsibility, boasting a program expense ratio of 80.83%, which reflects its commitment to channeling resources effectively towards its mission. Key policies such as conflict of interest and whistleblower protections are in place, underscoring a culture of transparency and ethical practices within the organization.
However, while the Academy scores well overall, its Culture & Community score of 87 indicates there may be areas for enhancement in fostering a community-oriented environment. Continuous improvement in this aspect could further strengthen its operations and stakeholder engagement.
This AI summary has been generated from information found on Charity Navigator.
Is National Academy Of Sciences legitimate?
National Academy Of Sciences is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Academy Of 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: $5,732,647
Professional Fundraising Fees: $13,750
Other Salaries and Wages: $108,721,874
For more financial information, click here
Official website here: www.nas.edu
What is the mission statement of National Academy Of Sciences?
The National Academy of Sciences (NAS or The Academy) is a renowned organization committed to advancing science for the greater good. Established under a charter granted by the United States Congress in 1863, the Academy operates as a distinguished scholars' association focusing on scientific, engineering, and medical research. The primary objective of NAS is to promote and further the progress of science for the benefit of society at large. NAS offers expert advice and various services to the U.S. government and other private sponsors. Exempt from federal income taxes under section 501(C)(3) of the Internal Revenue Code, the Academy's primary income is generated through its research activities.
Official website here: www.nas.edu
Who is the CEO of National Academy Of Sciences?
Marcia Mcnutt is the President of National Academy Of Sciences.
Official website here: www.nas.edu
What is the revenue of National Academy Of Sciences?
National Academy Of Sciences's revenue in 2022 was $279,925,416.
Official website here: www.nas.edu
Who are the executives of National Academy Of Sciences and what are their salaries?
The average compensation at National Academy Of Sciences during 2022 was $85,670. There are 1336 employees and 5973 volunteers at National Academy Of Sciences.
Here are 35 key members and their salaries:
- Compensation: $1,011,756
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- Other: $85,124
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- Compensation: $996,608
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- Other: $85,969
- Compensation: $996,421
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- Other: $86,135
- Compensation: $412,640
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- Other: $81,253
- Compensation: $403,603
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- Other: $87,861
- Compensation: $342,399
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- Other: $49,320
- Compensation: $300,674
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- Other: $56,349
- Compensation: $277,106
- Related: $0
- Other: $77,586
- Compensation: $266,277
- Related: $0
- Other: $77,646
- Compensation: $272,507
- Related: $0
- Other: $78,092
- Compensation: $334,345
- Related: $0
- Other: $86,625
- Compensation: $331,782
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- Other: $87,065
- Compensation: $348,986
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- Other: $68,785
- Compensation: $336,298
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- Other: $73,423
- Compensation: $339,931
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- Other: $66,835
Official website here: www.nas.edu
Where can I find the form 990 for National Academy Of Sciences?
National Academy Of Sciences's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nas.edu
Learn more at the official website: www.nas.edu
Mission Statement of National Academy Of Sciences
The National Academy of Sciences, or NAS, is a renowned organization comprised of distinguished scholars engaged in scientific, engineering, or medical research. Established under a charter passed as an act of incorporation by the United States Congress and signed into law on March 3, 1863, NAS is dedicated to the furtherance of science for the general welfare.
In simple terms, the National Academy of Sciences functions as a private membership organization, offering expert advice and various services to the U.S. government and other private sponsors. The Academy's ultimate goal is to advance science and its applications for the benefit of society. With a rich history spanning over a century and a half, NAS operates under the exemption from federal income taxes as specified in Section 501(C)(3) of the Internal Revenue Code, except for unrelated business income.
As a beacon of scientific knowledge and innovation, the Academy has played a significant role in shaping American scientific progress. NAS members, who are among the brightest minds in their respective fields, work collaboratively to address pressing scientific challenges, provide evidence-based solutions, and promote scientific literacy. Their collective efforts have contributed to numerous groundbreaking discoveries and advancements in science, engineering, and medicine.
Moreover, NAS provides a platform for interdisciplinary dialogue, fostering collaboration between various scientific disciplines and encouraging the application of scientific knowledge to various areas of societal importance. Through its various committees, boards, and initiatives, NAS promotes scientific research, education, and policy, ensuring that science remains at the forefront of societal progress.
In summary, The National Academy of Sciences is a prestigious organization uniting the brightest scientific minds. Dedicated to the advancement of science for the general welfare, NAS functions as a trusted source of scientific advice and expertise for the U.S. government and other sponsors, and has shaped American scientific progress for over a century and a half.
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Impact
October, 2024
The National Academy of Sciences (NAS) significantly influences the advancement of science and its application for societal benefit. Established under a congressional charter in 1863, NAS serves as a private membership organization composed of distinguished scholars dedicated to scientific, engineering, and medical research. Its primary mission is to provide informed advice and services to the U.S. government and private sponsors, ensuring that scientific knowledge informs policy decisions and public welfare.
Through its work, NAS fosters collaboration among leading experts and enhances the integration of scientific findings into practical applications. By supporting research initiatives and engaging in comprehensive assessments, NAS contributes to the development of innovative solutions that address complex challenges facing society. Overall, its impact extends across various fields, promoting the value and importance of science in enhancing quality of life and guiding public policy.
This information is meant to be a general summary of National Academy Of 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: -$11,980,511
- Program Service Revenue: $6,707,461
- Gross Receipts: $586,544,790
Assets and Liabilities:
- Total Assets: $1,493,529,469
- Total Liabilities: $274,239,992
- Net Assets: $1,219,289,477
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MTG./REG. FEES
Revenue
$6,707,461
Organization Details
Founding Year
1863
Phone
(202) 334-3003Principal Officer
Marcia Mcnutt
Main Address
2101 CONSTITUTION AVENUE NW, WASHINGTON, DC, 204180007
Website
www.nas.eduNTEE Category
Code: U03 - Science research
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