INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION (EIN 210634988) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1930

Legal Domicile

Principal Officer

DAVID NIRENBERG

Phone

6097348000

Tax Period

2022-07-01 to 2023-06-30

INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION, founded in 1930, is a mid-sized nonprofit in the Science & Technology sector that reported $88.4M in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $75.5M left a modest 15% surplus.

Mission

LEADING CENTER FOR THEORETICAL RESEARCH AND DISCOVERY. SEE SCHEDULE O.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $59,475,357

Program Service Revenue $5,067,644

Investment Income $23,852,696

Other Revenue $0

TOTAL REVENUE $88,395,697

Expense Breakdown

Grants Paid $14,040,211

Salaries & Benefits $28,282,854

Fundraising Expenses $1,452,935

Program Expenses $41,347,111

Other Expenses $33,172,561

TOTAL EXPENSES $75,495,626

Year-over-Year Comparison

	2022	2021	Change
Revenue	$88,395,697	$127,450,651	-0.3%
Expenses	$75,495,626	$70,114,395	+0.1%
Net Income	$12,900,071	$57,336,256	-0.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

527

Volunteers

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

$1,357,271

Total Directors

$816,135

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NIRENBERG	DIRECTOR/TRUSTEE	40.00	Officer Director	$753,500	$62,635	$816,135
CHARLES SIMONYI	CHAIR (THRU 5/23)/CHAIR EMER/TRUSTEE	10.00	Officer Director	$0	$0	$0
JOHN OVERDECK	TRUSTEE (THRU 5/23)/CHAIRMAN	10.00	Officer Director	$0	$0	$0
NANCY B PERETSMAN	VICE CHAIRMAN	10.00	Officer Director	$0	$0	$0
NEIL A CHRISS	TREASURER	2.00	Officer Director	$0	$0	$0
NANCY S MACMILLAN	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER COLE	TRUSTEE	2.00	Director	$0	$0	$0
SHIRLEY TILGHMAN	TRUSTEE	2.00	Director	$0	$0	$0
VICTORIA B BJORKLUND	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA PETERSON	TRUSTEE	2.00	Director	$0	$0	$0
MARIO DRAGHI	TRUSTEE	2.00	Director	$0	$0	$0
JONATHAN NELSON	TRUSTEE	2.00	Director	$0	$0	$0
MARK HEISING	TRUSTEE	2.00	Director	$0	$0	$0
JEANETTE LERMAN-NEUBAUER	TRUSTEE	2.00	Director	$0	$0	$0
DAVID M RUBENSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
NARAYANA MURTHY	TRUSTEE	1.00	Director	$0	$0	$0
DARVD F MARQUARDT	TRUSTEE	1.00	Director	$0	$0	$0
PETER SVENNILSON	TRUSTEE	1.00	Director	$0	$0	$0
JORN RAUSING	TRUSTEE	1.00	Director	$0	$0	$0
ANN-KRISTIN ACHLEITNER	TRUSTEE	1.00	Director	$0	$0	$0
BERNARD HARCOURT	TRUSTEE	1.00	Director	$0	$0	$0
FRED HU	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SPEISER	TRUSTEE	1.00	Director	$0	$0	$0
PAULINE YU	TRUSTEE	1.00	Director	$0	$0	$0
CARL P FEINBERG	TRUSTEE	1.00	Director	$0	$0	$0
WENDELL P WEEKS	TRUSTEE	1.00	Director	$0	$0	$0
GIGLIOLA STAFFILANI	TRUSTEE	1.00	Director	$0	$0	$0
EVA MARDER	TRUSTEE (AS OF 5/23)	1.00	Director	$0	$0	$0
EWINE F VAN DISHOECK	TRUSTEE (THRU 5/23)	1.00	Director	$0	$0	$0
ROGER W FERGUSON JR	TRUSTEE (THRU 2/23)	1.00	Director	$0	$0	$0
AFSANEH BESCHLOSS	TRUSTEE (THRU 5/23)	1.00	Director	$0	$0	$0
JANINE PURCARO	ASSOCIATE DIRECTOR FOR FINANCE	40.00	Officer	$489,732	$51,404	$541,136
ALEXANDRA DAY	ASSOCIATE DIRECTOR (AS OF 2/23)	40.00	Officer	$0	$0	$0
JEFFREY GATTO	CHIEF INVESTMENT OFFICER	40.00	Highest	$629,934	$49,404	$679,338
MATIAS ZALDARRIAGA	NATURAL SCIENCE FACULTY	40.00	Highest	$444,827	$72,756	$517,583
NATHAN SEIBERG	NATURAL SCIENCE FACULTY	40.00	Highest	$432,853	$63,499	$496,352
NIMA ARKANI-HAMED	NATURAL SCIENCE FACULTY	40.00	Highest	$428,760	$60,749	$489,509
JAMES M STONE	NATURAL SCIENCE FACULTY	40.00	Highest	$418,734	$61,709	$480,443

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$88,395,697	$75,495,626	$1,323,473,928	$12,900,071
2022	$127,450,651	$70,114,395	$1,292,353,306	$57,336,256
2021	$57,811,778	$66,260,782	$1,299,707,272	$-8,449,004
2020	$44,919,156	$77,631,369	$964,874,966	$-32,712,213
2019	$44,977,108	$75,879,335	$953,508,441	$-30,902,227
2018	$61,282,542	$71,733,617	$970,382,453	$-10,451,075

INSTITUTE FOR ADVANCED STUDY - LOUIS BAMBERGER & MRS FELIX FULD FOUNDATION