How Institute For Society
- Assets
- $2.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-2508655
Organization Overview
How Institute For Society is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, How Institute For Society employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. How Institute For Society 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 12/2022, How Institute For Society generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE AND IMPROVE PEOPLE'S ETHICS BY SPREADING THIS PHILOSOPHICAL FRAMEWORK TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"THE NXT-GEN FELLOWSHIP IS AN ACCELERATOR FOR EMERGING ORGANIZATIONAL LEADERS NAVIGATING OUR INCREASINGLY INTERDEPENDENT AND MORALLY ACTIVATED WORLD. DRAWING ON LESSONS FROM HISTORY, CURRENT EVENTS, AND MORAL PHILOSOPHY, FELLOWS WRESTLE WITH THE PRINCIPLES, NUANCES, AND APPLICATIONS OF THE PILLARS AND PRACTICES OF MORAL LEADERSHIP THROUGH DISCUSSIONS, READINGS, VIDEOS, WORKSHOPS, CASE STUDIES, AND GUEST SPEAKERS.THE HIGHLY INTERACTIVE CURRICULUM IS ORGANIZED AROUND SEVEN KEY MORAL LEADERSHIP PRACTICES AND IS PUT INTO ACTION THROUGH A PRACTICUM PROJECT WHICH CHALLENGES FELLOWS TO APPLY MORAL LEADERSHIP MINDSETS, IDEAS, AND PRACTICES TO A CURRENT CRITICAL WORK PROJECT. SUPPORTED BY SMALL GROUP COACHING, INTENTIONAL COMMUNITY BUILDING SESSIONS, AND A TOOLKIT OF PRACTICAL ACTIVITIES, FELLOWS EMERGE FROM THE PROGRAM BOTH EQUIPPED AND CONNECTED, INSPIRED TO CONTINUE AND SCALE THEIR MORAL LEADERSHIP JOURNEYS WITHIN THEIR ORGANIZATIONS AND BEYOND."
"THE NXT-GEN FELLOWSHIP IS AN ACCELERATOR FOR EMERGING ORGANIZATIONAL LEADERS NAVIGATING OUR INCREASINGLY INTERDEPENDENT AND MORALLY ACTIVATED WORLD. DRAWING ON LESSONS FROM HISTORY, CURRENT EVENTS, AND MORAL PHILOSOPHY, FELLOWS WRESTLE WITH THE PRINCIPLES, NUANCES, AND APPLICATIONS OF THE PILLARS AND PRACTICES OF MORAL LEADERSHIP THROUGH DISCUSSIONS, READINGS, VIDEOS, WORKSHOPS, CASE STUDIES, AND GUEST SPEAKERS.THE HIGHLY INTERACTIVE CURRICULUM IS ORGANIZED AROUND SEVEN KEY MORAL LEADERSHIP PRACTICES AND IS PUT INTO ACTION THROUGH A PRACTICUM PROJECT WHICH CHALLENGES FELLOWS TO APPLY MORAL LEADERSHIP MINDSETS, IDEAS, AND PRACTICES TO A CURRENT CRITICAL WORK PROJECT. SUPPORTED BY SMALL GROUP COACHING, INTENTIONAL COMMUNITY BUILDING SESSIONS, AND A TOOLKIT OF PRACTICAL ACTIVITIES, FELLOWS EMERGE FROM THE PROGRAM BOTH EQUIPPED AND CONNECTED, INSPIRED TO CONTINUE AND SCALE THEIR MORAL LEADERSHIP JOURNEYS WITHIN THEIR ORGANIZATIONS AND BEYOND."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dov Seidman Executive Chairman | OfficerTrustee | 5 | $0 |
Angela Ahrendts Dbe Director | Trustee | 1 | $0 |
Ajay Banga Director | Trustee | 1 | $0 |
Chip Bergh Director | Trustee | 1 | $0 |
Nancy Gibbs Director | Trustee | 1 | $0 |
Paul Polman Director | 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 | $1,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,000 |
| Total Program Service Revenue | $995,232 |
| Investment income | $25,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,017,526 |
| 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. | $154,705 |
| Compensation of current officers, directors, key employees. | $30,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,088,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,893 |
| Payroll taxes | $103,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,965 |
| Fees for services: Accounting | $80,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $614,513 |
| Advertising and promotion | $64,052 |
| Office expenses | $31,857 |
| Information technology | $49,677 |
| Royalties | $0 |
| Occupancy | $7,322 |
| Travel | $51,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,360 |
| Insurance | $7,509 |
| All other expenses | $0 |
| Total functional expenses | $2,664,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $825,000 |
| Accounts receivable, net | $0 |
| 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 | $10,809 |
| Net Land, buildings, and equipment | $10,884 |
| Investments—publicly traded securities | $1,814,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,946,845 |
| Accounts payable and accrued expenses | $249,802 |
| Grants payable | $0 |
| Deferred revenue | $350,000 |
| 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 | $599,802 |
| Net assets without donor restrictions | $1,597,043 |
| Net assets with donor restrictions | $750,000 |
| 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 | $2,946,845 |