2021-08-11T10:54:16-05:00 2020-09-30 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2019-10-01 130434195 American Society for Technion - Israel Institute of Technology Inc % ANITA ENRIQUEZ AMER 2124076300 55 East 59th Street 14th Floor New York NY 100221710 DEBORAH BERKOWITZ VP, Finance, CFO 2124076300 2021-08-09 true Daniel Romano P00504182 2125990100 2019 2022-09-23 18:48:47Z American Technion Society Michael Waxman-Lenz 55 East 59th Street New York NY 100221710 160435432 false X www.ats.org X 1940 NY THE AMERICAN TECHNION SOCIETY SUPPORTS VISIONARY EDUCATION AND WORLD-CHANGING IMPACT THROUGH THE TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY. 76 76 88 310 19263 6526 81983457 61617923 0 0 20078189 12835272 0 0 102061646 74453195 67970823 47858332 0 0 12630277 12059107 195725 159363 10384086 7648967 5673182 88445792 65749984 13615854 8703211 541723030 552165498 41100018 45941828 500623012 506223670 X THE AMERICAN TECHNION SOCIETY (ATS) HAS BEEN A VITAL PARTNER IN THE TECHNION'S UNPARALLELED GROWTH AND ACHIEVEMENT. AS A LEADING AMERICAN ORGANIZATION SUPPORTING HIGHER EDUCATION IN ISRAEL, THE ATS HAS PIONEERED A LASTING PARTNERSHIP WITH THE CREATORS OF SCIENCE AT TECHNION CITY IN HAIFA. SUPPORTED BY A NETWORK OF DYNAMIC LEADERSHIP AND THOUSANDS OF DEDICATED MEMBERS, THE ATS IS COMMITTED TO THE BELIEF THAT THE FUTURE OF HIGH TECHNOLOGY IN ISRAEL IS AT THE TECHNION. SINCE ITS FOUNDING IN 1940 ATS HAS RAISED MORE THAN $2.5 BILLION FOR THE TECHNION. THE MISSION OF ATS IS TO ENABLE THE TECHNION TO BE AMONG THE WORLD'S LEADING INSTITUTIONS IMPROVING THE WELL-BEING OF ISRAEL AND ALL HUMANITY THROUGH LEADERSHIP IN SCIENCE AND TECHNOLOGY. false false 4950000 4950000 0 THE HELEN DILLER QUANTUM CENTER - SEE SCHEDULE O 2985000 2985000 0 THE ANDREW AND ERNA VITERBI FACULTY OF ELECTRICAL ENGINEERING - SEE SCHEDULE O 1937500 1937500 0 THE ZUCKERMAN STEM LEADERSHIP PROGRAM - SEE SCHEDULE O 38713884 37985832 0 48586384 true true false false false true false false false true true true false true true true true false false false true true false true false false false true false true false false false false false false false false true false false false false true false false false true 254 0 true 88 true true true true IS false false false true true false false false false false false false false false X 76 76 true false false false false false false true true false true true true true true true true true true true false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OK OR PA RI SC TN UT VA WA WV WI X X ANITA ENRIQUEZ 2124076357 55 EAST 56TH STREET New York NY 10022 MICHAEL WAXMAN-LENZ Chief Executive Officer 40.0 0.0 X 467441 0 19239 DAVID CHIVO CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 317642 0 41886 SHANTA MALI CHIEF MARKETING OFFICER 40.0 0.0 X 257362 0 58401 JEROME KLEINMAN ASSOCIATE VP, PRINCIPAL GIFTS 40.0 0.0 X 273736 0 32791 JEFFREY RICHARD Former Executive V.P. 0.0 0.0 X 270355 0 33438 BARUCH SALAMANDER - Dir of INFO. SER. (thru 09/2019) 40.0 0.0 X 248783 0 37317 MARK HEFTER Former HCE 0.0 0.0 X 265550 0 1067 IRV ELENBERG DIRECTOR OF DEVELOPMENT 40.0 0.0 X 217276 0 38340 SARA SWISHER-ANDERSON VP - OPERATIONS AND ADMIN 40.0 0.0 X 238184 0 6203 MARYELLEN TITANI - Exec Dir Camp. Ops. & Donor Relations 40.0 0.0 X 187737 0 37115 ANITA ENRIQUEZ CONTROLLER 40.0 0.0 X 194687 0 29170 JUDY SAGER Exec. Dir., Planned Giving 40.0 0.0 X 197728 0 16827 TOVA KANTROWITZ Former SR. ADV. STRAT, PARTNSH 40.0 0.0 X 153811 0 54961 KATE YARHOUSE EXECUTIVE DIRECTOR, HR & ADMIN 40.0 0.0 X 160146 0 12009 STEVE BERGER PRESIDENT 1.0 0.0 X X 0 0 0 ZAHAVA BAR-NIR CHAIRMAN OF THE BOARD 1.0 0.0 X X 0 0 0 SCOTT LEEMASTER VICE CHAIRMAN 1.0 0.0 X X 0 0 0 JOEL S ROTHMAN VICE CHAIRMAN 1.0 0.0 X X 0 0 0 SENATOR PAUL B STEINBERG TREASURER 1.0 0.0 X X 0 0 0 ROD FELDMAN SECRETARY 1.0 0.0 X X 0 0 0 NANCY ARONSON ASSISTANT SECRETARY 1.0 0.0 X X 0 0 0 AVHARAM ASHKENAZI BOARD MEMBER 1.0 0.0 X 0 0 0 ROSALYN AUGUST BOARD MEMBER 1.0 0.0 X 0 0 0 NORMAN BELMONTE BOARD MEMBER 1.0 0.0 X 0 0 0 ILENE BERGER BOARD MEMBER 1.0 0.0 X 0 0 0 MARK BERNSTEIN BOARD MEMBER 1.0 0.0 X 0 0 0 KATHRYN BLOOM BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT N BRAND BOARD MEMBER 1.0 0.0 X 0 0 0 MARILYN CAPLOVITZ BOARD MEMBER 1.0 0.0 X 0 0 0 JOYCE CROFT BOARD MEMBER 1.0 0.0 X 0 0 0 BARBARA DAHL BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT A DAVIDOW BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN DAVISON BOARD MEMBER 1.0 0.0 X 0 0 0 CATHY DEUTCHMAN BOARD MEMBER 1.0 0.0 X 0 0 0 BRENT DIBNER BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC DOBRUSIN BOARD MEMBER 1.0 0.0 X 0 0 0 MARK DORNER BOARD MEMBER 1.0 0.0 X 0 0 0 GEORGE ELBAUM BOARD MEMBER 1.0 0.0 X 0 0 0 CAROL B EPSTEIN BOARD MEMBER 1.0 0.0 X 0 0 0 IRWIN S FIELD BOARD MEMBER 1.0 0.0 X 0 0 0 NATHAN FISCHEL BOARD MEMBER 1.0 0.0 X 0 0 0 EDITH FISCHER BOARD MEMBER 1.0 0.0 X 0 0 0 NORA FISCHER BOARD MEMBER 1.0 0.0 X 0 0 0 RUTH E FLINKMAN-MARANDY BOARD MEMBER 1.0 0.0 X 0 0 0 LAURA FLUG BOARD MEMBER 1.0 0.0 X 0 0 0 ALAN FORMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MARK GAINES BOARD MEMBER 1.0 0.0 X 0 0 0 TERRY N GARDNER BOARD MEMBER 1.0 0.0 X 0 0 0 SOL GLASNER BOARD MEMBER 1.0 0.0 X 0 0 0 FARIBA GHODSIAN-FISCHEL BOARD MEMBER 1.0 0.0 X 0 0 0 EDWARD R GOLDBERG BOARD MEMBER 1.0 0.0 X 0 0 0 SOLVIN GORDON BOARD MEMBER 1.0 0.0 X 0 0 0 IRWIN GROSS BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT HANISEE BOARD MEMBER 1.0 0.0 X 0 0 0 LAWRENCE S JACKIER BOARD MEMBER 1.0 0.0 X 0 0 0 JUDY JONAS BOARD MEMBER 1.0 0.0 X 0 0 0 LINDA KOVAN BOARD MEMBER 1.0 0.0 X 0 0 0 AGOTA KUPERMAN BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN A LASER BOARD MEMBER 1.0 0.0 X 0 0 0 CHARLES E LEVIN BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID MARCUS BOARD MEMBER 1.0 0.0 X 0 0 0 MELANIE MORENO BOARD MEMBER 1.0 0.0 X 0 0 0 ALFRED MUNZER BOARD MEMBER 1.0 0.0 X 0 0 0 NAOMI NEWMAN BOARD MEMBER 1.0 0.0 X 0 0 0 BETH S PERLMAN BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL J PIERCE BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID A POLAK BOARD MEMBER 1.0 0.0 X 0 0 0 JEFF POLAK BOARD MEMBER 1.0 0.0 X 0 0 0 ROBERT L POLAK BOARD MEMBER 1.0 0.0 X 0 0 0 BENNETT RECHLER BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID LEE RONN BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID ROSENBLATT BOARD MEMBER 1.0 0.0 X 0 0 0 KENNETH RUBENSTEIN BOARD MEMBER 1.0 0.0 X 0 0 0 NINA MADDEN SABBAN BOARD MEMBER 1.0 0.0 X 0 0 0 ED SATELL BOARD MEMBER 1.0 0.0 X 0 0 0 JOEL W SCHWARTZ BOARD MEMBER 1.0 0.0 X 0 0 0 JOAN SEIDEL BOARD MEMBER 1.0 0.0 X 0 0 0 ARNOLD SEIDEL BOARD MEMBER 1.0 0.0 X 0 0 0 LES SESKIN BOARD MEMBER 1.0 0.0 X 0 0 0 LEONARD H SHERMAN BOARD MEMBER 1.0 0.0 X 0 0 0 JANET SHATZ SNYDER BOARD MEMBER 1.0 0.0 X 0 0 0 JONATHAN SOHNIS BOARD MEMBER 1.0 0.0 X 0 0 0 ERIC STEIN BOARD MEMBER 1.0 0.0 X 0 0 0 JANEY SWEET BOARD MEMBER 1.0 0.0 X 0 0 0 IRA TAUB BOARD MEMBER 1.0 0.0 X 0 0 0 DEBBIE VANDERVEER BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL VELORIC BOARD MEMBER 1.0 0.0 X 0 0 0 MAURO WJUNISKI BOARD MEMBER 1.0 0.0 X 0 0 0 ANDI WOLFE BOARD MEMBER 1.0 0.0 X 0 0 0 DAVID WITUS BOARD MEMBER 1.0 0.0 X 0 0 0 Deborah Berkowitz Sr. V.P., Fin. (as of 06/2020) 40.0 0.0 X 0 0 0 3450438 0 418764 36 true true false Prime Buchholz Associates 273 Corporate Drive PORTSMOUTH MA 03801 Investment 276889 Grant Thornton LLP 757 3rd Avenue 9 NEW YORK NY 10017 Audit 144950 The Helen Brown Group 489 Mt Auburn Street 4 WATERTOWN MA 02472 PROSPECT RESEARCH 144900 Alliance Bernstein LP 1345 Sixth Avenue NEW YORK NY 10105 Investment 128333 4 1486300 60131623 1498223 61617923 0 9577431 19263 9558168 0 0 0 0 0 89240078 85982237 3257841 3257841 3257841 0 0 0 0 0 0 0 0 0 0 74453195 19263 12816009 1297815 1297815 0 46560517 46560517 0 1727758 102482 492147 1133129 0 8264283 442474 2265465 5556344 345257 7201 119903 218153 1103348 61586 401006 640756 618461 32983 171668 413810 41667 41667 161689 161689 205500 205500 0 159363 159363 1076217 1076217 281630 0 281630 0 443478 26191 417287 264619 753 72210 191656 320458 320458 0 821307 9107 216546 595654 491179 71466 118951 300762 0 113423 113423 459337 223355 235982 0 409361 188528 220833 254248 254248 CAMPAIGN EVENT EXPENSES 174152 0 0 174152 BAD DEBTS 65092 0 65092 0 EQUIP. RENTAL & MAINTENANCE 60353 0 60353 0 OTHER EXPENSES 29472 0 16690 12782 65749984 48586384 6779514 10384086 2235313 2130840 1008573 298676 51242709 43248943 0 0 0 0 0 0 40554143 38959233 0 0 3410010 2627912 16987483 10319974 7033500 6667509 231848351 262323186 151510751 147409351 0 0 0 0 52879680 48499848 541723030 552165498 5437045 5335888 799483 4148233 0 0 0 0 0 0 0 0 11300000 11300000 0 0 23563490 25157707 41100018 45941828 X 17987768 18257595 482635244 487966075 500623012 506223670 541723030 552165498 8703211 -3102553 X false true X true false X 103294031 93677114 63110981 81983457 61617923 403683506 0 0 103294031 93677114 63110981 81983457 61617923 403683506 77605639 326077867 8915200 7826353 8565966 9859254 9558168 44724941 0 29720 54826 13397 19263 117206 218200 37450 28500 0 0 284150 448809803 0.72654 0.73111 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9 0 8350 404638 true true 391616604 15445681 7305596 10075099 4088047 400204735 365942430 25684359 11751204 9028971 2732418 391616604 367717263 3241151 19048516 17080274 7028726 365897930 325279216 25899337 34601387 10584662 7478015 367717263 298497366 15993136 25687708 10693827 3663 4201504 325279216 0.90500 0.09500 true false 9801289 4849596 4951693 3008522 1468307 1540215 4177672 4002071 175601 6667509 ALTERNATIVE INVESTMENTS 125166633 F ISRAEL BONDS 22242718 F 147409351 BENEFICIAL INTEREST IN TRUSTS 45880584 LIFE INSURANCE POLICIES 2070228 OTHER RECEIVABLES 549036 48499848 0 ANNUITY OBLIGATIONS 25157707 25157707 X 70274425 -3102553 -3102553 73376978 1076217 1076217 74453195 64673767 64673767 1076217 1076217 65749984 ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE FOLLOWING PROGRAM SERVICE PROJECTS AT THE TECHNION UNIVERSITY: SCHOLARSHIPS; FELLOWSHIPS; RESEARCH; STUDENT LOANS AND AID; PROFESSORIAL CHAIRS; LECTURESHIPS; PRIZES; BOOKS AND BUILDING MAINTENANCE. A PORTION OF THE EARNINGS OF THE ENDOWMENT FUND IS USED TO SUPPORT THE OPERATING COST OF THE ORGANIZATION. FIN 48 PART X, LINE 2 The Society follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This standard provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Society is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Society has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The Society has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. true Middle East and North Africa Grantmaking 46560517 Central America and the Caribbean Investments 65737498 Middle East and North Africa Investments 21769824 Europe (Including Iceland and Greenland) Investments 10000000 144067839 144067839 Middle East and North Africa Various programs and projects 46500133 WIRE 0 1 true false true true true false SCHEDULE F, PART I, LINE 1 MONITORING OF FUNDS THE AMERICAN TECHNION SOCIETYS DONOR RELATIONS AND STEWARDSHIP DEPARTMENT, IN COORDINATION WITH THE SOCIETY'S FUNDRAISERS AND THE TECHNIONS DIVISION OF PUBLIC AFFAIRS AND RESOURCE DEVELOPMENT, WORKS TO ENSURE THAT THE UNIVERSITY MEETS THE REPORTING AND STEWARDSHIP REQUIREMENTS STIPULATED IN DONOR GIFT AGREEMENTS. THESE MAY INCLUDE: FINANCIAL REPORTS ON HOW FUNDS HAVE BEEN EXPENDED; LETTERS FROM RECIPIENTS OF SCHOLARSHIPS, FELLOWSHIPS AND OTHER STUDENT ASSISTANCE PROGRAMS; LETTERS FROM ACADEMIC CHAIR HOLDERS; REPORTS ON PROGRAM ACTIVITIES AND STATUS/OUTCOME OF RESEARCH PROJECTS; AND PHOTOS OF ONGOING AND COMPLETED CAPITAL PROJECTS. DONORS WHO SUPPORTED LABORATORIES, DORMITORIES AND OTHER CAPITAL INFRASTRUCTURE PROJECTS ARE ENCOURAGED TO ATTEND DEDICATION CEREMONIES AT THE UNIVERSITY. EVERY THREE YEARS, ATS ENGAGES A LOCAL ACCOUNTING FIRM IN ISRAEL TO PERFORM AN AUDIT OF SELECTED GRANTS TO THE UNIVERSITY TO ENSURE COMPLIANCE WITH GRANT REQUIREMENTS AND DONOR RECOGNITION. THE AUDIT REPORT IS REVIEWED AND APPROVED BY THE ORGANIZATIONS AUDIT COMMITTEE. SCHEDULE F, PART II, LINE I, COLUMN (D) PURPOSE OF GRANT ALL FOREIGN GRANTS ARE MADE TO THE TECHNION ISRAEL INSTITUTE OF TECHNOLOGY, IN HAIFA, ISRAEL. THE GRANTS SUPPORT VARIOUS UNIVERSITY PROJECTS, SUCH AS: CONSTRUCTION OR MAINTENANCE OF RESEARCH AND LEARNING CENTERS, AUDITORIUMS, STUDENT DORMITORIES, ETC.; PIONEERING WORLD-CLASS RESEARCH PROGRAMS; FACULTY DEVELOPMENT; FELLOWSHIPS; AND, SCHOLARSHIPS. SCHEDULE F, PART IV THE AMERICAN TECHNION SOCIETY (ATS) INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, ATS' INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT ATS IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, THEY ARE FILED WITH THE FORM 990-T FILING. X X X X X X X true The Helen Brown Group 48 Summer Street Ste 2 Watertown MA 02472 Research false 84700 Sanky Communications Group Inc 599 11th Avenue 6th Flr New York NY 10036 D. Mail & Marketing false 74663 159363 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY PART I, LINE 2B, COLUMN (IV) VARIOUS FUNDRAISERS DISCLOSED ON THE SCHEDULE G REPORT NO RECEIPTS RAISED FROM FUNDRAISING ENDEAVORS; THIS IS A FUNCTION OF THE INSTITUTE NOT DISTINGUISHING AMOUNTS RAISED BY SPECIFIC FUNDRAISER EFFORTS AND NOT BECAUSE THE FUNDRAISERS' SERVICES RAISED NO CONTRIBUTIONS. true Jacobs Technion-Cornell Institute 2 West Loop Road New York NY 10044 464395157 501(C)(3) 1289465 0 Various Projects 1 SCHEDULE I, PART I, LINE 2 GRANTS SENT TO CORNELL UNIVERSITY, FOR THE JACOBS TECHNION CORNELL INSTITUTE (JTCI), REPRESENT FUNDS DONATED TO ATS THAT WERE DESIGNATED TO SUPPORT THE COLLABORATION BETWEEN TECHNION UNIVERSITY AND CORNELL UNIVERSITY ESTABLISHING THE JTCI ON THE CORNELL TECH CAMPUS. JTCI, IS A 501(C)(3) ORGANIZATION. THE INSTITUTE OFFERS NONTRADITIONAL ACADEMIC PROGRAMS FOCUSED ON OFFERING A GLOBAL PERSPECTIVE ON TECHNOLOGY TRANSFER, COMMERCIALIZATION AND ENTREPRENEURSHIP. ATS IS COORDINATING WITH JTCI TO RECEIVE REGULAR REPORTS ON THE USAGE OF FUNDS RECEIVED FROM ATS. FOR DONOR ADVISED FUNDS, DONOR SENDS IN A GRANT REQUEST. ATS VERIFIES 501(C)(3) STATUS OF PROPOSED GRANTEE, AND SENDS A FORM REQUESTING DONOR TO CONFIRM THAT GRANT WILL NOT PROVIDE ANY PERSONAL BENEFIT TO HIS OR HER FAMILY. ONCE RECEIVED AND EXEMPT STATUS VERIFIED, APPROVAL OF DONOR ADVISED FUND COMMITTEE IS OBTAINED AND CHECK IS CUT FOR THE GRANTEE. ATS SENDS CHECK WITH A LETTER TO GRANTEE SPECIFYING LIMITATIONS AS TO USE OF THE GRANT, I.E. IT SHOULD NOT PROVIDE ANY PERSONAL BENEFIT TO THE DAF DONOR. X X X true false false false false false false true false MICHAEL WAXMAN-LENZ Chief Executive Officer 433469 0 30000 0 3972 0 16800 0 2439 0 486680 0 0 0 DAVID CHIVO CHIEF DEVELOPMENT OFFICER 291129 0 25000 0 1513 0 16608 0 25278 0 359528 0 0 0 SHANTA MALI CHIEF MARKETING OFFICER 241805 0 15000 0 557 0 15272 0 43129 0 315763 0 0 0 JEROME KLEINMAN ASSOCIATE VP, PRINCIPAL GIFTS 256408 0 10000 0 7328 0 15792 0 16999 0 306527 0 0 0 JEFFREY RICHARD Former Executive V.P. 269500 0 0 0 855 0 15148 0 18290 0 303793 0 0 0 BARUCH SALAMANDER - Dir of INFO. SER. (thru 09/2019) 98396 0 0 0 150387 0 6500 0 30817 0 286100 0 0 0 MARK HEFTER Former HCE 0 0 0 0 265550 0 473 0 594 0 266617 0 0 0 IRV ELENBERG DIRECTOR OF DEVELOPMENT 216179 0 0 0 1097 0 13279 0 25061 0 255616 0 0 0 SARA SWISHER-ANDERSON VP - OPERATIONS AND ADMIN 238040 0 0 0 144 0 3912 0 2291 0 244387 0 0 0 MARYELLEN TITANI - Exec Dir Camp. Ops. & Donor Relations 172362 0 15000 0 375 0 10776 0 26339 0 224852 0 0 0 ANITA ENRIQUEZ CONTROLLER 182229 0 10000 0 2458 0 10725 0 18445 0 223857 0 0 0 JUDY SAGER Exec. Dir., Planned Giving 191174 0 3600 0 2954 0 0 0 16827 0 214555 0 0 0 TOVA KANTROWITZ Former SR. ADV. STRAT, PARTNSH 151505 0 0 0 2306 0 10146 0 44815 0 208772 0 0 0 KATE YARHOUSE EXECUTIVE DIRECTOR, HR & ADMIN 144461 0 15000 0 685 0 5206 0 6803 0 172155 0 0 0 PART I, LINE 4A - SEVERANCE PAYMENT The following individuals received severance payments in calendar year 2019, which is reported in Schedule J, Part II, Column B(iii): Baruch Salamander $138,763 Mark Hefter $256,286 PART I, LINE 7 BONUSES WERE PAID OUT DURING THE YEAR THAT CONSTITUTED NON FIXED PAYMENTS. THE EXECUTIVE VICE PRESIDENT'S BONUS IS DETERMINED BY THE MANAGEMENT COMMITTEE MADE UP OF THE PRESIDENT AND OTHER KEY MEMBERS OF THE BOARD OF DIRECTORS. ALL OTHER BONUSES ARE REQUESTED BY SUPERVISORS BASED ON EXTRAORDINARY PERFORMANCE IN THE PAST YEAR AND A FINAL DECISION IS MADE BY THE EXECUTIVE VICE PRESIDENT. X 40 1498223 Proceeds from sale false true false SCHEDULE M, PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN COLUMN (B). PART III, LINE 4A THE HELEN DILLER QUANTUM CENTER IDENTIFYING THE EMERGING AREA OF QUANTUM SCIENCE AND ENGINEERING AS ONE OF THE BUILDING BLOCKS OF ISRAELS FUTURE TECHNOLOGICAL EDGE, THE TECHNION LAUNCHED A MAJOR RESEARCH INITIATIVE. THE HELEN DILLER QUANTUM CENTER-THE FIRST IN ISRAEL-IS POISED TO ADVANCE THE BASIC SCIENCES WHILE USING QUANTUM MECHANICS TO IMPACT ENGINEERING FIELDS AND DEVELOP APPLICATIONS FOR A RANGE OF INDUSTRIES. QUANTUM PHENOMENA HOLD GREAT PROMISE FOR TECHNOLOGIES VITAL TO HIGH-TECH, DEFENSE AND SECURITY FIELDS. SCIENTISTS IN THE CENTER ARE PURSUING RESEARCH IN QUANTUM SENSING, QUANTUM COMPUTING, QUANTUM COMMUNICATION, QUANTUM MATERIALS AND QUANTUM SIMULATORS. SOME 50 FACULTY MEMBERS AND MORE THAN 100 GRADUATE STUDENTS, POSTDOCS AND SCIENTISTS PARTICIPATE IN THE CENTERS ACTIVITIES. PART III, LINE 4B THE ANDREW AND ERNA VITERBI FACULTY OF ELECTRICAL ENGINEERING ENJOYS A WORLDWIDE REPUTATION FOR LEADERSHIP IN KEY AREAS OF COMMUNICATIONS, ELECTRONICS AND COMPUTER ENGINEERING. WITH MORE THAN 2,500 STUDENTS, IT IS THE LARGEST ENGINEERING DEPARTMENT IN ISRAEL, CONSISTENTLY RANKED AMONG THE WORLDS TOP 10 ELECTRICAL AND COMPUTER ENGINEERING DEPARTMENTS. IT HAS DEVELOPED EXTENSIVE RELATIONSHIPS WITH HIGH-TECH INDUSTRY AND A LIAISON PROGRAM INCLUDES NEARLY 40 MEMBER COMPANIES. FACULTY MEMBERS AND STUDENTS RECEIVE PRESTIGIOUS AWARDS RECOGNIZING THEIR RESEARCH ACHIEVEMENTS. SUPPORT FROM THE GRANT ENABLES THE DEPARTMENT TO INCREASE ITS GRADUATE STUDENT BODY, RECRUIT TOP FACULTY MEMBERS, EXPAND RESEARCH ACTIVITIES, AND UPGRADE TEACHING AND RESEARCH INFRASTRUCTURE. PART III, LINE 4C THE ZUCKERMAN STEM LEADERSHIP PROGRAM THE ZUCKERMAN STEM LEADERSHIP PROGRAM SUPPORTS FUTURE LEADERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH IN THE U.S. AND ISRAEL, FOSTERING COLLABORATION BETWEEN THE TWO NATIONS. IT ENABLES HIGH-ACHIEVING AMERICAN POSTDOCTORAL RESEARCHERS AND GRADUATE STUDENTS TO COLLABORATE WITH RESEARCHERS AT ISRAELS TOP INSTITUTIONS AND EXPOSES THEM TO ITS RENOWNED STARTUP CULTURE. THE PROGRAM ALSO BOLSTERS ISRAELI INSTITUTIONS BY PROVIDING RESOURCES TO DEVELOP TOP-TIER LABS AND PROJECTS. THE PROGRAM AIMS TO STRENGTHEN THE U.S.ISRAEL PARTNERSHIP AS ZUCKERMAN SCHOLARS RETURN TO THE U.S. AFTER BUILDING LONG-TERM RELATIONSHIPS AND ISRAELI ACADEMICS RETURNING HOME WILL CONTINUE TO ADVANCE COLLABORATION WITH AMERICAN COLLEAGUES. PART III, LINE 4D GRANTS EXPENSES REVENUE OTHER PROGRAMS: 37,985,832 38,713,884 0. THE TECHNION IS KNOWN FOR WORLD-CLASS RESEARCH IN A RANGE OF AREAS: AEROSPACE, BIOTECHNOLOGY, BIOMEDICAL ENGINEERING, CANCER, COMPUTER SCIENCE, ELECTRICAL ENGINEERING, MEDICINE, QUANTUM ENGINEERING, ROBOTICS, SUSTAINABLE ENERGY AND WATER RESOURCES/RECLAMATION. IN 2020, the American Technion Society provided funding for COVID-19-related research and emergency student support; the Jacobs-Technion Cornell Institute; faculty recruitment and retention; the Faculty of Computer Science expansion; campus enhancements; and research in fields such as security/defense and neurodegenerative disorders. ATS donors provide ongoing support for top Technion priorities: graduate student fellowships, student housing and aid for students from disadvantaged backgrounds. PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY THE BOARD AUTHORIZES THE FINANCE TRANSACTIONS COMMITTEE TO ACT ON ITS BEHALF ON FINANCIAL MATTERS NOT EXCEEDING $2 MILLION AND TO PROVIDE OVERSIGHT AND COORDINATION OF OTHER BOARD FINANCIAL COMMITTEES. PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS THE FOLLOWING ARE BOARD MEMBERS WITH BUSINESS OR FAMILY RELATIONSHIPS: DAVE POLAK, ROBERT POLAK & JEFF POLAK - FAMILY RELATIONSHIP NATHAN FISCHEL & FARIBA GHODSIAN-FISCHEL - FAMILY RELATIONSHIP ALAN FORMAN & JONATHAN SOHNIS - BUSINESS RELATIONSHIP ARNOLD & JOAN SEIDEL - FAMILY RELATIONSHIP STEVE & ILENE BERGER - FAMILY RELATIONSHIP EDITH FISCHER & NORA FISCHER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 REVIEW OF FORM 990 THE FORM 990 IS PREPARED IN CONJUNCTION WITH THE SOCIETY'S EXTERNAL ACCOUNTING FIRM. UPON COMPLETION, THE 990 IS REVIEWED BY THE SENIOR VP AND EXECUTIVE V.P./CEO AND A PRESENTATION IS MADE TO THE AUDIT COMMITTEE TO HIGHLIGHT THE 990 INFORMATION PERTINENT TO THAT COMMITTEE'S OVERSIGHT AND GOVERNANCE. ONCE THE AUDIT COMMITTEE HAS APPROVED THE 990 FOR FILING, THE FINAL 990 IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS, IN EITHER PAPER OR ELECTRONIC FORM, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING & ENFORCEMENT OF CONFLICT OF INTEREST POLICY CONFLICT OF INTEREST POLICY AND DISCLOSURE FORMS ARE DISTRIBUTED ANNUALLY TO ALL BOARD MEMBERS, OFFICERS AND MANAGERIAL STAFF. EACH ONE IS REQUIRED TO SIGN AND RETURN THE DISCLOSURE FORM. ATS COUNSEL REVIEWS DISCLOSURES TO DETERMINE CONFLICT AND REPORTS THESE TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. DIRECTORS AND STAFF WITH A CONFLICT ARE PROHIBITED FROM PARTICIPATING IN DISCUSSIONS AND DECISIONS RELATED TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINES 15A & 15B PROCESS FOR DETERMINING COMPENSATION FOR TOP MANAGEMENT OFFICIAL AND OTHER KEY EMPLOYEES THE EXECUTIVE VICE PRESIDENT'S (CEO) COMPENSATION IS DETERMINED BY A COMMITTEE WHICH IS MADE UP OF THE FOLLOWING OFFICERS OF THE BOARD OF DIRECTORS: CHAIRMAN OF THE BOARD; VICE CHAIRMEN OF THE BOARD; AND PRESIDENT OF THE BOARD. FROM TIME TO TIME THE CHAIRMAN OF THE BOARD MAY CHOOSE TO INCLUDE THE HONORARY CHAIRMAN OF THE BOARD AND/OR CHAIRMAN OF THE PERSONNEL COMMITTEE. THE CEO'S COMPENSATION IS DETERMINED BY CONTRACT AND INCREASES ANNUALLY ACCORDING TO THE TERMS OF THE CONTRACT. FROM TIME TO TIME, THE COMMITTEE ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT FOR COMPARABILITY DATA AND SUBSTANTIATION. THE COMMITTEE THEN SUBSTANTIATES ITS DECISION WITH A MEMORANDUM WHICH IS SIGNED BY THE PRESIDENT. WITH REGARD TO THE OFFICERS AND KEY EMPLOYEES, FROM TIME TO TIME ATS ENGAGES IN INFORMATION SHARING WITH OTHER NON-PROFITS TO EVALUATE ITS COMPENSATION PACKAGE. IN SOME YEARS ATS IS ABLE TO GATHER THE INFORMATION ANONYMOUSLY. ATS DOES THIS TO CONFIRM THAT ITS SALARIES AND BENEFITS ARE IN LINE WITH THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 THE SOCIETY'S FINANCIAL STATEMENTS AND FORM 990 ARE POSTED ON ITS WEBSITE. COPIES OF THE SOCIETY'S OTHER CORPORATE DOCUMENTS, SUCH AS ITS BYLAWS, ARTICLES OF INCORPORATION AND CONFLICTS OF INTEREST POLICY, ARE PROVIDED UPON REQUEST AND AT MANAGEMENT'S DISCRETION. GENERAL STATEMENT REGARDING IMPACT OF COVID-19 The COVID-19 pandemic, whose effects first became known in January 2020, has caused economic interruptions through mandated and voluntary closings of businesses and organizations throughout the United States. The extent of the impact of COVID-19 on the Societys operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and its impact on the Societys donors, employees, and vendors, all of which at present cannot be determined. Accordingly, the extent to which COVID-19 may impact the Societys financial position and changes in net assets and cash flows is uncertain and the accompanying consolidated financial statements include no adjustments relating to the effects of this pandemic. On April 27, 2020, the Society received loan proceeds totaling $1,486,300 under the paycheck protection program ("PPP") administered by the small Business Administration (SBA) approved partner (such PPP loan referred to as a First Draw PPP loan). Established as part of the Coronavirus Relief and Economic Security ACt ("CARES ACT"), the PPP provides for uncollateralized loans to qualifying borrowers in amounts up to 2.5 times the borrowers average monthly payroll expenses. PPP loans and accrued interest are forgivable after a covered period (eight or 24 weeks) as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities and maintains its payroll levels. The forgiveness amount will be reduced if the borrower terminates employees or reduces salaries during the covered period in excess of the limit set under the regulations. The Society used the PPP loan proceeds for purposes consistent with the PPP and has applied for forgiveness. As of September 30, 2020, the Society believes that it satisfied the requirements for its PPP loan to be forgiven, and therefore the Society recorded grant revenue totaling $1,486,300 on its accompanying statement of activities. On January 1, 2021, the loan was fully forgiven. On February 8, 2021, the Society received a Second Draw PPP loan of $1,486,300 under the CARES Act as amended by the Economic Aid Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act). The loan is generally subject to the same terms, conditions and requirements as the First Draw PPP loan. The loan qualifies for loan forgiveness if during the 8 to 24 week covered period following loan disbursement: employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan; the loan proceeds are spent on payroll cost and other eligible expenses; and at least 60 percent of proceeds are spent on payroll costs. CHARITABLE REMAINDER TRUST(1) ANNUITY FL NA TRUST false PERPETUAL TRUST (1) ANNUITY TX NA TRUST false false false false false false false false false false false false false false false false false false false true