Weizmann Chairs And Scholarships Endowment Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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.
For the year ending 06/2020, Weizmann Chairs And Scholarships Endowment Inc generated $15.1m in total revenue. All expenses for the organization totaled $3.0m during the year ending 06/2020.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION BENEFITS THE WEIZMANN INSTITUTE OF SCIENCE ("INSTITUTE"). SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES GRANTS TO THE INSTITUTE IN SUPPORT OF THE INSTITUTE'S CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY ACTIVITIES, PARTICULARLY, BUT NOT EXCLUSIVELY, TO FUND PROFESSIONAL CHAIRS. SEE SCHEDULE O FOR MORE INFORMATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lewis Bernard Chair & Director | OfficerTrustee | 1 | $0 |
Amy Wagner Executive Director & Secretary | Officer | 10 | $0 |
Haim Harari Director | Trustee | 1 | $0 |
Ron Milo Director | Trustee | 1 | $0 |
Doron Cohen Director | Trustee | 1 | $0 |
Steven Romick Director | Trustee | 1 | $0 |
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 | $0 |
Investment income | $1,946,993 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $13,149,576 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $15,096,569 |
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 | $2,892,156 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $24,619 |
Compensation of current officers, directors, key employees. | $24,619 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,498 |
Fees for services: Accounting | $85,360 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $9,873 |
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 | $0 |
Insurance | $12,138 |
All other expenses | $451 |
Total functional expenses | $3,035,095 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $10,500 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $730,241,114 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $730,251,614 |
Accounts payable and accrued expenses | $101,348 |
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 | $0 |
Other liabilities | $723,039 |
Total liabilities | $824,387 |
Net assets without donor restrictions | $729,427,227 |
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 | $730,251,614 |
Beg. Balance | $723,088,227 |
Earnings | $8,147,415 |
Grants | $2,892,156 |
Ending Balance | $728,343,486 |
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