Feinberg Graduate School Of The Weizmann Institute Of Science
- Assets
- $6.8m
- Revenue
- $172.5m
- Investments
- $2.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1967
- Data as of
- 09/2021
- EIN
- 13-6227366
Organization Overview
Feinberg Graduate School Of The Weizmann Institute Of Science is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Feinberg Graduate School Of The Weizmann Institute Of Science is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Feinberg Graduate School Of The Weizmann Institute Of Science generated $172.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $173.0m during the year ending 09/2021. While expenses have increased by 7.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL'S GOAL IS THE ADVANCED TRAINING OF NEW GENERATIONS OF CREATIVE AND ORIGINAL RESEARCHERS IN THE NATURAL SCIENCES AND MATHEMATICS, OR, IN OTHER WORDS, THE EDUCATION OF FUTURE SCIENTIFIC LEADERS. THEREFORE, ALL FGS STUDENTS ARE DIRECTLY INVOLVED IN THE RESEARCH CONDUCTED AT THE INSTITUTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE GIVEN TO STUDENTS FOR FURTHER EDUCATION AT THE FEINBERG GRADUATE SCHOOL OF THE WEIZMANN INSTITUTE OF SCIENCE LOCATED IN REHOVOT, ISRAEL FOR THE STUDY OF NATURAL SCIENCES AND MATHEMATICS. THE FEINBERG GRADUATE SCHOOL HAS ESTABLISHED ITS REPUTATION AS A MULTIDISCIPLINARY CENTER WHERE STUDENTS STRIVE TO REACH THE HIGHEST LEVEL OF KNOWLEDGE AND UNDERSTANDING, UNDER THE GUIDANCE OF CREATIVE AND ORIGINAL RESEARCHERS. THE FEINBERG GRADUATE SCHOOL IS ACCREDITED BY THE COUNCIL FOR HIGHER EDUCATION IN ISRAEL AND CHARTERED AS A HIGHER EDUCATION INSTITUTION IN THE STATE OF NEW YORK. ALL STUDENTS AT THE SCHOOL RECEIVE FELLOWSHIPS AND ARE EXEMPT FROM PAYING TUITION TO ALLOW THEM TO DEVOTE ALL THEIR TIME TO RESEARCH AND STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Morse Secretary | OfficerTrustee | 1 | $0 |
Lawrence S Blumberg President | OfficerTrustee | 1 | $0 |
Prof Yosef Nir Trustee | Trustee | 10 | $0 |
David Teplow Trustee | Trustee | 0.5 | $0 |
Robert Asher Trustee | Trustee | 0.5 | $0 |
Prof Alon Chen Trustee | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $140,040,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,378,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,418,000 |
| Total Program Service Revenue | $875,000 |
| Investment income | $17,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $222,266 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $172,532,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $48,793,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,520,000 |
| Pension plan accruals and contributions | $5,281,000 |
| Other employee benefits | $2,103,000 |
| Payroll taxes | $5,088,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,000 |
| Fees for services: Accounting | $40,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $295 |
| Office expenses | $569,515 |
| Information technology | $604 |
| Royalties | $0 |
| Occupancy | $10,699 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $615,030 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $173,009,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,151 |
| Savings and temporary cash investments | $226,449 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,061,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,951,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,510,709 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,818,981 |
| Accounts payable and accrued expenses | $5,895 |
| Grants payable | $0 |
| Deferred revenue | $32,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,895 |
| Net assets without donor restrictions | $2,707,323 |
| Net assets with donor restrictions | $4,073,763 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,818,981 |
Endowment Analysis
| Beg. Balance | $3,360,627 |
| Earnings | $814,265 |
| Grants | $101,129 |
| Ending Balance | $4,073,763 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albert Einstein College Of Medicine Bronx, NY | $1,023,925,401 | $371,509,260 |
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Mcphs University Boston, MA | $1,998,877,330 | $374,201,406 |
Teachers College Columbia University New York, NY | $726,324,570 | $250,184,193 |
Feinberg Graduate School Of The Weizmann Institute Of Science New York, NY | $6,818,981 | $172,532,346 |
Philadelphia College Of Osteopathic Medicine Philadelphia, PA | $181,055,167 | $168,282,211 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |