Millennium Institute
- Assets
- $446.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 10/1983
- Data as of
- 09/2023
- EIN
- 52-1306451
Organization Overview
Millennium Institute is located in Washington, DC. The organization was established in 1983. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Millennium Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millennium Institute 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 09/2023, Millennium Institute generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.0m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT COUNTRIES TO DEVELOP EFFECTIVE STRATEGIES THAT WILL LEAD TO MEASURABLE ADVANCES IN THE WELFARE OF SOCIETY IN THE CONTEXT OF THE U.N. SUSTAINABLE DEVELOPMENT GOALS (SDGS). DEVELOPS ANALYTICAL TOOLS, PERFORM ANALYSES AND REPORT AS WELL AS FACILITATE MULTI-STAKEHOLDER PROCESSES AND BUILD TECHNICAL CAPACITY IN ITS PARTNER COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC PLANNING AND CONSULTING: THE INSTITUTE HELPS ITS PARTNERS TO CONCEPTUALIZE KEY SUSTAINABILITY CHALLENGES, CONDUCTS ANALYSES, FACILITATE MULTI-STAKEHOLDER PROCESSES, AND DEVELOP TECHNICAL CAPACITY TO ADDRESS COMPLEX DEVELOPMENT CHALLENGES.
OTHER PROGRAMS - ISDG SIMULATION MODEL & GENERAL PROGRAM
MODEL RESEARCH & DEVELOPMENT: THE INSTITUTE CONDUCTS APPLIED RESEARCH AND BUILDS INNOVATIVE SIMULATION MODELS TO SUPPORT NATIONAL DEVELOPMENT POLICY AND PLANNING IN A BROAD RANGE OF COUNTRIES.
EDUCATION: THE INSTITUTE DEVELOPS LEARNING TOOLS AND CONDUCTS TRAININGS AND WORKSHOPS FOR POLICY MAKERS AND DEVELOPMENT PRACTITIONERS TO USE SYSTEMS MODELING AS A WAY OF UNDERSTANDING THE COMPLEX AND INTEGRATED NATURE OF SUSTAINABLE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matteo Pedercini President | OfficerTrustee | 40 | $163,781 |
Steven P Arquitt Senior Research Analyst And Asia Regional Lead | Officer | 40 | $161,719 |
Adedoyin Onasanya Projects Coordinator | Officer | 40 | $157,039 |
John Hardy Treasurer | OfficerTrustee | 0 | $76,100 |
Hans Herren Chairman | OfficerTrustee | 4 | $0 |
Bettina Cornwell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,099,526 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,103,411 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $239,882 |
| Compensation of current officers, directors, key employees. | $59,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,543 |
| Pension plan accruals and contributions | $28,159 |
| Other employee benefits | $18,987 |
| Payroll taxes | $26,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $376,156 |
| Advertising and promotion | $2,164 |
| Office expenses | $11,828 |
| Information technology | $5,326 |
| Royalties | $0 |
| Occupancy | $22,532 |
| Travel | $66,329 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $777 |
| Interest | $9,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,717 |
| Insurance | $9,456 |
| All other expenses | $13,765 |
| Total functional expenses | $1,039,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $397,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,829 |
| Prepaid expenses and deferred charges | $11,450 |
| Net Land, buildings, and equipment | $4,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $446,891 |
| Accounts payable and accrued expenses | $1,104,937 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $290,658 |
| Other liabilities | $0 |
| Total liabilities | $1,395,595 |
| Net assets without donor restrictions | -$948,704 |
| Net assets with donor restrictions | $0 |
| 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 | $446,891 |