ITHAKA HARBORS INC

EIN: 133857105 501(c)(3) Social Science

NEW YORK, NY

Total Revenue
$106,030,430
Total Expenses
$117,196,703
Total Assets
$342,158,088
Net Assets
$164,670,801
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
KEVIN GUTHRIE
Phone
2123586400
Tax Period
2023-01-01 to 2023-12-31

ITHAKA HARBORS INC, founded in 1995, is a major nonprofit in the Social Science sector that reported $106.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $117.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

ITHAKA HARBORS INC.'S MISSION IS TO IMPROVE ACCESS TO KNOWLEDGE AND EDUCATION FOR PEOPLE AROUND THE WORLD. WE BELIEVE EDUCATION IS KEY TO THE WELL-BEING OF INDIVIDUALS AND SOCIETY. THROUGH OUR WORK, WE MAKE HIGHER EDUCATION AND ACCESS TO KNOWLEDGE MORE AFFORDABLE, IMPROVE OUTCOMES FOR STUDENTS AND RESEARCHERS, AND PRESERVE KNOWLEDGE FOR FUTURE GENERATIONS. WE PURSUE THIS MISSION THROUGH FOUR INNOVATIVE PROGRAM SERVICES: CONSTELLATE, ITHAKA S+R, JSTOR, AND PORTICO.

Program Service Accomplishments

Program 1
Expenses: $93,264,042 Revenue: $88,889,555

JSTOR - SEE SCHEDULE OJSTOR IS A MISSION-DRIVEN DIGITAL LIBRARY THAT WORKS WITH THE ACADEMIC COMMUNITY TO PRESERVE, PROVIDE ACCESS TO, AND SUPPORT THE USE OF SCHOLARLY CONTENT. OUR COLLECTIONS...

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JSTOR - SEE SCHEDULE OJSTOR IS A MISSION-DRIVEN DIGITAL LIBRARY THAT WORKS WITH THE ACADEMIC COMMUNITY TO PRESERVE, PROVIDE ACCESS TO, AND SUPPORT THE USE OF SCHOLARLY CONTENT. OUR COLLECTIONS CONTAIN MORE THAN 12 MILLION ACADEMIC JOURNAL ARTICLES,100,000 BOOKS, AND 2 MILLION IMAGES AND PRIMARY SOURCE ITEMS. THESE MATERIALS ARE ACCESSIBLE TO SCHOLARS AND STUDENTS AT 13,000+ HIGHER EDUCATION AND OTHER EDUCATIONAL AND RESEARCH INSTITUTIONS IN 180 COUNTRIES. A GROWING BODY OF OPEN ACCESS MATERIAL IS ALSO ACCESSIBLE TO THE PUBLIC. OVER TWO DECADES, WE HAVE BUILT CRITICAL DIGITAL INFRASTRUCTURE TO SUPPORT MANAGING, MAKING ACCESSIBLE, AND PRESERVING COLLECTIONS IN WAYS THAT SUPPORT RESEARCH, TEACHING, AND LEARNING. WE ARE CONTINUING TO INVEST IN NEW AREAS FOR THE FUTURE, INCLUDING A NEW SET OF INFRASTRUCTURE SERVICES THAT EMPOWER LIBRARIES TO PRESERVE AND MAKE THEIR ARCHIVES AND SPECIAL COLLECTIONS ACCESSIBLE THROUGH OUR PLATFORM AND TOOLS THAT LEVERAGE THE LATEST TECHNOLOGIES, INCLUDING GENERATIVE AI. IN ADDITION TO PROGRAM SERVICE REVENUE OF $88,899,555 REPORTED IN PART VIII, LINE 2A, ITHAKA RECEIVED GRANT REVENUE OF $94,099 ALLOCABLE TO JSTOR REPORTED ON PART VIII, LINE 1F.

Program 2
Expenses: $6,138,672 Revenue: $6,205,706

PORTICO - SEE SCHEDULE OPORTICO IS A COMMUNITY-SUPPORTED PRESERVATION ARCHIVE THAT SAFEGUARDS ACCESS TO E-JOURNALS, E-BOOKS, AND DIGITAL COLLECTIONS. OUR UNIQUE, TRUSTED PROCESS ENSURES THAT THE...

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PORTICO - SEE SCHEDULE OPORTICO IS A COMMUNITY-SUPPORTED PRESERVATION ARCHIVE THAT SAFEGUARDS ACCESS TO E-JOURNALS, E-BOOKS, AND DIGITAL COLLECTIONS. OUR UNIQUE, TRUSTED PROCESS ENSURES THAT THE CONTENT WE PRESERVE WILL REMAIN ACCESSIBLE AND USABLE FOR RESEARCHERS, SCHOLARS, AND STUDENTS IN THE FUTURE. PORTICO PRESERVES AN EXTENSIVE SET OF CONTENT IN ITS ARCHIVE: MORE THAN 2.5 BILLION FILES, COMPOSED OF 96 MILLION JOURNAL ARTICLES, 1.6 MILLION EBOOKS, AND 8.2 MILLION ITEMS FROM DIGITAL COLLECTIONSTOTALING 560 TB. THIS INCLUDES SCHOLARLY CONTENT FROM 86 COUNTRIES AND A GROWING SET OF ARCHIVES OF UNDERREPRESENTED VOICES, ENSURING THAT RESEARCH FROM A BROAD RANGE OF CULTURES AND PERSPECTIVES WILL REMAIN ACCESSIBLE TO USERS FOR THE LONG TERM. PORTICO NOW HAS MORE THAN 1,285 PARTICIPATING LIBRARIES WHO, ALONG WITH MORE THAN 1,079 PARTICIPATING PUBLISHERS, ALLOW US TO MEET OUR MISSION OF ENSURING THAT SCHOLARLY CONTENT REMAINS USABLE, AUTHENTIC, DISCOVERABLE, AND ACCESSIBLE. SUCH BROAD COMMUNITY SUPPORT AND COLLABORATION ALLOWS US TO PROVIDE LONG-TERM DIGITAL PRESERVATION IN A COST-EFFECTIVE AND SUSTAINABLE WAY.

Program 3
Expenses: $8,140,429 Revenue: $2,462,561

ITHAKA S+R - SEE SCHEDULE OITHAKA S+R PROVIDES COLLABORATIVE STRATEGIES AND RESEARCH FOR HIGHER EDUCATION AND THE ARTS. WE PARTNER WITH FOUNDATIONS, CONSORTIA, AND INDIVIDUAL INSTITUTIONS TO SEEK...

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ITHAKA S+R - SEE SCHEDULE OITHAKA S+R PROVIDES COLLABORATIVE STRATEGIES AND RESEARCH FOR HIGHER EDUCATION AND THE ARTS. WE PARTNER WITH FOUNDATIONS, CONSORTIA, AND INDIVIDUAL INSTITUTIONS TO SEEK SOLUTIONS AND INFORM POLICIES IN A RAPIDLY CHANGING ENVIRONMENT. OUR ACTION-ORIENTED RESEARCH SUPPORTS INSTITUTIONAL DECISION-MAKING, AND OUR ORGANIZATION ACTS AS A HUB TO PROMOTE AND GUIDE COLLABORATION ACROSS THE COMMUNITIES WE SERVE. WITH OUR PARTNERS, WE DESIGN AND EVALUATE PROJECTS THAT MAKE HIGHER EDUCATION, SCHOLARLY COMMUNICATION, AND CULTURAL COLLECTIONS MORE ACCESSIBLE TO DIVERSE POPULATIONS. OUR EXTENSIVE, FREELY ACCESSIBLE LIBRARY INCLUDES 200+ RESEARCH REPORTS AND ISSUE BRIEFS, AND 500+ BLOG POSTS. IN ADDITION TO PROGRAM SERVICE REVENUE OF $2,462,561 REPORTED IN PART VIII, LINE 2C, ITHAKA RECEIVED GRANT REVENUE OF $4,327,291 ALLOCABLE TO ITHAKA S+R REPORTED IN PART VIII, LINE 1E AND 1F.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,421,390
Program Service Revenue $97,557,822
Investment Income $4,167,432
Other Revenue $-116,214
TOTAL REVENUE $106,030,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,269,894
Fundraising Expenses $480,102
Program Expenses $107,543,143
Other Expenses $48,926,809
TOTAL EXPENSES $117,196,703

Year-over-Year Comparison

2023 2022 Change
Revenue $106,030,430 $115,151,783 -0.1%
Expenses $117,196,703 $107,198,611 +0.1%
Net Income $-11,166,273 $7,953,172 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
469
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$2,727,322
Total Directors
12
$712,764
Key Employees
9
$3,244,969
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA ROCKENBACH TRUSTEE 2.00
Director
$0 $0 $0
CURTIS L KENDRICK TRUSTEE 2.00
Director
$5,000 $0 $5,000
DR CLAUDIA V SCHRADER TRUSTEE 2.00
Director
$5,000 $0 $5,000
HERBERT S WINOKUR JR TRUSTEE (THRU 6/2023) 2.00
Director
$2,500 $0 $2,500
JEFFREY A SINE TRUSTEE 2.00
Director
$0 $0 $0
KEVIN GUTHRIE TRUSTEE & PRESIDENT 40.00
Officer Director
$622,956 $62,308 $685,264
LAUREN MESERVE TRUSTEE 2.00
Director
$0 $0 $0
MARTHA E POLLACK TRUSTEE 2.00
Director
$0 $0 $0
PAMELA YEE TRUSTEE 2.00
Director
$0 $0 $0
PETER J DOUGHERTY TRUSTEE 2.00
Director
$5,000 $0 $5,000
STEVEN G POSKANZER ITHAKA CHAIR 2.00
Director
$5,000 $0 $5,000
SYLVESTER A JOHNSON TRUSTEE 2.00
Director
$5,000 $0 $5,000
ARIELLE ALI START 52023 CHIEF FINANCIAL OFFICER & TREASURER 40.00
Officer
$205,905 $35,609 $241,514
CATHARINE HILL MANAGING DIRECTOR, ITHAKA S+R 36.00
Officer
$347,775 $52,779 $400,554
DEBORA BARRETT VP, WORK LIFE & CULTURE 40.00
Officer
$234,069 $42,723 $276,792
GERARD AURIGEMMA THRU 52023 CHIEF FINANCIAL OFFICER & TREASURER 40.00
Officer
$347,301 $29,837 $377,138
KATE WITTENBERG MANAGING DIRECTOR, PORTICO 40.00
Officer
$288,857 $48,641 $337,498
NANCY KOPANS VP, GENERAL COUNSEL & SECRETARY 40.00
Officer
$357,496 $51,066 $408,562
DALE MYERS CHIEF TECHNOLOGY OFFICER 40.00
Key Emp
$314,582 $41,906 $356,488
HEIDI BARTOLACCI VP, COMMUNICATIONS 30.00
Key Emp
$227,021 $51,330 $278,351
JABIN WHITE THRU 92023 VP, CONTENT MANAGEMENT 40.00
Key Emp
$296,458 $38,663 $335,121
JOHN LENAHAN VP, PUBLISHED CONTENT 40.00
Key Emp
$314,430 $58,749 $373,179
MATT MACQUEEN VP, PRODUCT & DESIGN 40.00
Key Emp
$312,585 $56,451 $369,036
MICHELLE LEE CHIEF TECHNOLOGY OFFICER 40.00
Key Emp
$351,831 $61,437 $413,268
REBECCA SEGER VICE PRESIDENT, IPSP 40.00
Key Emp
$358,537 $62,674 $421,211
ROBERT HETERICK SVP, OPEN COLLECT & INFRA 40.00
Key Emp
$312,856 $61,300 $374,156
SEYMOUR DOUGLAS VP, DATA & ANALYTICS 40.00
Key Emp
$277,729 $46,430 $324,159
ALEX HUMPHREYS VP, INNOVATION 40.00
Highest
$263,302 $56,348 $319,650
HARMONY FAUST VP, MARKETING 40.00
Highest
$277,821 $57,234 $335,055
MARTIN KURZWEIL VP, EDUC TRANSF S+R 40.00
Highest
$253,510 $54,586 $308,096
ROGER SCHONFELD VP, ORG STRATEGY & LSCM 40.00
Highest
$242,014 $54,220 $296,234
RONALD SNYDER JR DIR, RESEARCH & DEV 40.00
Highest
$223,800 $51,707 $275,507
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $106,030,430 $117,196,703 $342,158,088 $-11,166,273
2022 $115,151,783 $107,198,611 $306,195,341 $7,953,172
2021 $122,785,601 $101,173,889 $329,733,736 $21,611,712
2020 $107,029,460 $101,625,387 $280,778,950 $5,404,073
2019 $104,778,419 $103,169,732 $236,882,992 $1,608,687
2018 $94,172,699 $88,855,069 $191,110,277 $5,317,630
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