AIP FOUNDATION

EIN: 834485064 501(c)(3) Science & Technology

COLLEGE PARK, MD

Total Revenue
$2,166,896
Total Expenses
$4,625,872
Total Assets
$17,119,452
Net Assets
$16,448,457
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DE
Phone
3012093147
Tax Period
2024-01-01 to 2024-12-31

AIP FOUNDATION, founded in 2019, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 113% operating deficit.

Mission

THE AIP FOUNDATION IS ORGANIZED AND OPERATES EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3) OF THE IRS CODE 1986. AIP ADVANCES THE PHYSICAL SCIENCES AS A FEDERATION AND AN INSTITUTE. AS A FEDERATION, AIP WORKS TO ADVANCE THE SUCCESS OF ITS MEMBER SOCIETIES AND AFFILIATES SO THAT THEY CAN LEVERAGE THEIR DIVERSE EXPERTISE AND CONTRIBUTIONS IN ADVANCING THE PHYSICAL SCIENCES IN THE RESEARCH ENTERPRISE, IN THE ECONOMY, IN EDUCATION AND IN SOCIETY. THROUGH THEIR SHARED GOALS AND PARTNERSHIP WITH AIP, MEMBER ORGANIZATIONS BROADEN THEIR IMPACT AND ACHIEVE RESULTS BEYOND THEIR INDIVIDUAL MISSIONS AND MANDATES. AIP ALSO ACTS AS AN INDEPENDENT INSTITUTE THAT EMPOWERS PHYSICAL SCIENTISTS WITH JOURNALISM; SOCIAL SCIENCE, DEMOGRAPHICS AND POLICY RESEARCH; AND HISTORY AND STUDENT PROGRAMS. AIP ALSO ADVANCES THE PHYSICAL SCIENCES THROUGH THE MISSIONS AND OPERATIONS OF AIP PUBLISHING AND OF AIP FOUNDATION. AIP RECOGNIZES AND HONORS EXCELLENCE IN THE PHYSICAL SCIENCES, RAISING PUBLIC AWARENESS OF THE CONTRIBUTIONS OUR COMMUNITY MAKES TO SOCIETY WITH SEVERAL NAMED AWARDS.

Program Service Accomplishments

Program 1
Expenses: $3,041,395

AIP FOUNDATION IS ORGANIZED AND OPERATES EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501 (C ) (3) OF THE IRS CODE 1986. IN KEEPING WITH ITS MISSION...

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AIP FOUNDATION IS ORGANIZED AND OPERATES EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501 (C ) (3) OF THE IRS CODE 1986. IN KEEPING WITH ITS MISSION TO ADVANCE, PROMOTE AND SERVE THE PHYSICAL SCIENCES FOR THE BENEFIT OF HUMANITY, AIP OFFERS UNIQUE EXPERTISE AND PRODUCTS IN: STUDENT ENGAGEMENT; PRESERVATION AND PROMULGATION OF THE HISTORY OF THE PHYSICAL SCIENCES; CONTENT DELIVERY; MAGAZINE PUBLISHING; STATISTICAL RESEARCH; AND PUBLIC POLICY REPORTING, RESEARCH AND ANALYSIS.

Program 2

THE SOCIETY OF PHYSICS STUDENTS (SPS) IS A SCIENTIFIC SOCIETY FOR PHYSICS AND ASTRONOMY UNDERGRADUATES AND THEIR MENTORS, WITH MORE THAN 6,400 MEMBERS SPREAD OVER MORE THAN 900 CHAPTERS NATIONWIDE...

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THE SOCIETY OF PHYSICS STUDENTS (SPS) IS A SCIENTIFIC SOCIETY FOR PHYSICS AND ASTRONOMY UNDERGRADUATES AND THEIR MENTORS, WITH MORE THAN 6,400 MEMBERS SPREAD OVER MORE THAN 900 CHAPTERS NATIONWIDE AND 36 INTERNATIONAL CHAPTERS. SPS EXISTS TO SUPPORT UNDERGRADUATE STUDENTS INTERESTED IN PHYSICS AND ASTRONOMY, PROMOTING INCLUSIVITY AND COLLEGIALITY, SUPPORTING PHYSICS AND ASTRONOMY DEPARTMENTS, AND REACHING OUT IN SERVICE TO THE BROADER COMMUNITY. SIGMA PI SIGMA, THE PHYSICS AND ASTRONOMY HONOR SOCIETY, RECOGNIZES OUTSTANDING SCHOLARS IN PHYSICS AND ASTRONOMY, ENCOURAGES INTEREST IN THE FIELD, AND PROMOTES AN ATTITUDE OF SERVICE AMONG ITS OVER 90,000 LIFE-LONG MEMBERS AND 599 CHAPTERS TOWARDS THE ENTIRE PHYSICS AND ASTRONOMY COMMUNITY AND THE PUBLIC. SIGMA PI SIGMA PROVIDES A NETWORK OF PEOPLE SPANNING FROM UNDERGRADUATE AND GRADUATE STUDENTS THROUGH RETIRED PROFESSIONALS. THE CONNECTION OF ALUMNI WITH CURRENT STUDENTS PROVIDES RICH OPPORTUNITIES FOR SUPPORT OF BOTH STUDENTS AND DEPARTMENTS. THE SOCIETY OF PHYSICS STUDENTS AND SIGMA PI SIGMA PROVIDE ENRICHING EXPERIENCES FOR STUDENTS INTERESTED IN THE PHYSICAL SCIENCES THROUGH INTERNSHIPS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT PROGRAMS AT SCIENTIFIC MEETINGS - OPPORTUNITIES THAT ARE VITAL TO THE PROFESSIONAL DEVELOPMENT OF ALL UNDERGRADUATE PHYSICS AND ASTRONOMY STUDENTS.

Program 3

THE HISTORY PROGRAMS OF THE AMERICAN INSTITUTE OF PHYSICS ENSURE THAT THE HERITAGE OF THE PHYSICAL SCIENCES IS SAFEGUARDED AND THAT THE PUBLIC CAN UNDERSTAND HOW THE PHYSICAL SCIENCES HAVE BEEN...

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THE HISTORY PROGRAMS OF THE AMERICAN INSTITUTE OF PHYSICS ENSURE THAT THE HERITAGE OF THE PHYSICAL SCIENCES IS SAFEGUARDED AND THAT THE PUBLIC CAN UNDERSTAND HOW THE PHYSICAL SCIENCES HAVE BEEN CENTRAL TO THE HISTORY OF THE MODERN WORLD. THE HISTORY OF THE PHYSICAL SCIENCES OFFERS A RICH FRAMEWORK OF EXCITING PAST ACHIEVEMENTS AND VALUABLE GUIDANCE FOR CURRENT AND FUTURE GENERATIONS. THE CORE ACTIVITIES OF AIP's HISTORY PROGRAMS INCLUDE LOCATING AND PRESERVING PRIMARY SOURCE MATERIAL, SUPPORTING THE PRODUCTION OF HISTORICAL RESEARCH IN THE PHYSICAL SCIENCES, AND BRINGING THIS HISTORY TO A WIDE AUDIENCE. AIP's HISTORY PRORGAMS COLLECT ORAL HISTORY INTERVIEWS, AN IMMEDIATE AND PERSONAL TESTIMONY TO SCIENCE IN PASSING GENERATIONS. WE SUPPORT HISTORICAL WRITING THROUGH GRANTS AND FELLOWSHIPS, AS WELL AS THROUGH THE EARLY CAREER CONFERENCE AND OUR SUPPORT OF EMERGING SCHOLARS. WE SUPPORT EDUCATION AND ENGAGEMENT WITH THE HISTORY OF THE PHYSICAL SCIENCES THROUGH OUR NEWSLETTERS AND HISTORY OF SCIENCE ONLINE RESOURCES. AIP'S HISTORY PROGRAMS ALSO SPONSOR A PUBLIC LECTURE SERIES. A CORE PART OF AIP's HISTORY PROGRAM'S is THE NIELS BOHR LIBRARY & ARCHIVES (NBLA), WHICH DOCUMENTS THE HISTORY OF AIP AND OTHER SCIENTIFIC INSTITUTIONS BY COLLECTING INSTITUTIONAL RECORDS AND OTHER PRIMARY RESOURCES THAT DETAIL THE ACTIVITIES OF THE ORGANIZATIONS AND HIGHLIGHT THE ROLES THAT THESE INSTITUTIONS PLAY IN THE WORLD AT LARGE, CAPTURING HOW SCIENTIFIC INSTITUTIONS. THE NBLA ALSO PRESERVES ORAL HISTORY INTERVIEWS, PHOTOGRAPHS AND MEDIA, BOOKS, JOURNALS, AND OTHER PUBLISHED MATERIALS PERTAINING TO THE HISTORY OF THE PHYSICAL SCIENCES. IN RECENT YEARS, THE NBLA HAS BROADENED THE SCOPE OF THE COLLECTIONS TO INCLUDE OLDER MATERIALS AND RARE BOOKS, DATING BACK TO THE 16TH AND 17TH CENTURIES, IN TOPICS THAT FORM THE FOUNDATION OF MODERN SCIENCE. LOOKING TO THE FUTURE, THE NBL&A STRIVES TO SERVE AND CONNECT WITH OUR RESEARCH COMMUNITY THROUGH INCREASED OUTREACH AND PROMOTION OF OUR RESOURCES AND GLOBAL ACCESS TO OUR COLLECTIONS THROUGH STRATEGIC DIGITIZATION AND REMOTE ACCESS TO SELECTED MATERIALS. THE AIP MEDIA SERVICES TEAM WORKS WITH AIP PUBLISHING, AIP'S MEMBER SOCIETIES, AND ALLIED ORGANIZATIONS TO PRODUCE AND PROMOTE TIMELY, ACCURATE PUBLIC DISSEMINATION OF SCIENTIFIC ADVANCES AND KNOWLEDGE. MEDIA SERVICES STAFFS PRESS ROOMS, ORGANIZES PRESS CONFERENCES AND PRODUCES HUNDREDS OF WRITTEN STORIES, AND OTHER FORMS OF PUBLIC INFORMATION FOR THE PHYSICAL SCIENCES COMMUNITY, MEDIA, AND GENERAL PUBLIC EVERY YEAR. AIP' SOCIAL SCIENCE AND POLICY RESEARCH PROGRAMS, COLLECT AND DISSEMINATES RELIABLE AND TIMELY DATA ON EDUCATION, CAREERS, AND DEMOGRAPHICS IN PHYSICAL SCIENCES. DATA ARE PUBLISHED IN THE AREAS OF ENROLLMENT, DEGREES, DEMOGRAPHICS, EMPLOYMENT BY ECONOMIC SECTOR, AND SALARY INFORMATION FOR PHYSICS AND ASTRONOMY BACHELOR'S, MASTER'S, AND PHD HOLDERS. AIP'S RESEARCH TEAM ALSO PROVIDES SURVEY EXPERTISE AND CONTRACTS WITH MEMBER SOCIETIES AND OUTSIDE ORGANIZATIONS TO CONDUCT TARGETED STUDIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,703,683
Program Service Revenue $0
Investment Income $463,213
Other Revenue $0
TOTAL REVENUE $2,166,896

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,415,953
Program Expenses $3,041,395
Other Expenses $4,588,522
TOTAL EXPENSES $4,625,872

Year-over-Year Comparison

2024 2023 Change
Revenue $2,166,896 $2,664,186 -0.2%
Expenses $4,625,872 $3,649,666 +0.3%
Net Income $-2,458,976 $-985,480 +1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
17

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
6
$1,632,144
Total Directors
10
$726,413
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC FURST Treasurer 6.0
Officer Director
$0 $0 $22,500
FRANCE CORDOVA Chair 8.0
Officer Director
$0 $0 $0
MICHAEL MOLONEY CEO 5.0
Officer Director
$0 $56,171 $703,913
ANNEILA SARGENT Director 4.0
Director
$0 $0 $0
EVGENI GUSEV Director 4.0
Director
$0 $0 $0
JOHN MATHER Director 4.0
Director
$0 $0 $0
JR EDWARDS Director 4.0
Director
$0 $0 $0
JULIA PHILLIPS Director 4.0
Director
$0 $0 $0
SANDEEP GIRI Director 4.0
Director
$0 $0 $0
VANESSA ELLERBE WYCHE Director 4.0
Director
$0 $0 $0
ANNA LEE EXECUTIVE DIRECTOR 32.0
Officer
$0 $48,873 $263,780
CATHERIINE SWARTZ CFO 10.0
Officer
$0 $56,171 $476,865
MELISSA PERRY SECRETARY 4.0
Officer
$0 $25,188 $165,086
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
2024 $2,166,896 $4,625,872 $17,119,452 $-2,458,976
2023 $2,664,186 $3,649,666 $18,690,997 $-985,480
2022 $17,166,448 $1,460,935 $17,301,287 $15,705,513
2021 $1,213,393 $1,006,782 $932,385 $206,611
2020 $241,200 $846,269 $166,618 $-605,069
2019 $230,368 $220,368 $10,000 $10,000
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