2019-11-14T09:11:56-06:00 2018-12-31 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2018-01-01 133857105 ITHAKA HARBORS INC % CHRIS VANACORE ITHA 2123586400 101 GREENWICH STREET New York NY 10006 KEVIN M GUTHRIE PRESIDENT 2123586483 2019-11-12 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220193185000051 2019-11-14 P D611A41C46BF25E5A65C9B6AAB3989918C636A13 0171DCF37D0058A3A7E131C8AA9958388F37ABDA 2018 2020-03-31 21:24:44Z X KEVIN M GUTHRIE 101 GREENWICH STREET New York NY 10006 126116064 false X WWW.ITHAKA.ORG X 1995 NY TO ASSIST THE ACADEMIC COMMUNITY TO USE DIGITAL TECHNOLOGIES TO PRESERVE THE SCHOLARLY RECORD AND TO ADVANCE RESEARCH AND TEACHING IN SUSTAINABLE WAYS. 15 13 410 608961 4623659 4150647 81553515 84423095 18025086 5171922 697408 427035 104899668 94172699 0 0 0 0 39337220 39995886 0 0 225778 49018660 48859183 88355880 88855069 16543788 5317630 192938507 191110277 82671678 95527725 110266829 95582552 X Ithaka Harbors Inc.s mission as a non-profit organization is to help the academic community use digital technologies to preserve the scholarly record and to advance research and teaching in sustainable ways. It pursues this mission by providing innovative services that aid in the adoption of these technologies and that create lasting impact. It conducts rigorous research and thinks creatively with others about the impact and opportunities that advances in digital technology bring to the academic community, it shares what it learns as broadly as possible, and, when needed, it builds scalable enduring solutions. Ithaka Harbors Inc. currently pursues its mission through three innovative program services that are among the most transformative and widely used services in higher education: Ithaka S+R, JSTOR and Portico. Through a recent strategic alliance and subsequent merger with Artstor Inc., ITHAKA has enhanced its mission by facilitating access to Artstors library of digital images and true false 72418112 76853085 JSTOR is a not-for-profit cloud-based library where scholars, students, and the public can access thousands of journals, books, images, and other content as well as tools that promote research, teaching, sharing, and contribution. JSTOR includes content from over 1,000 publishers and serves: 6 million unique monthly visitors; 10,000+ universities, schools, and institutions in 176 nations. In addition to the program service revenue of $76,853,085 reported above, ITHAKA received grant revenue of $2,647,347 allocable to JSTOR REPORTED ON PART VIII LINE 1F. 6538441 6132668 Portico is a not-for-profit digital preservation service for electronic journals, books, and other scholarly content that is supported by a global community of thousands of libraries and hundreds of academic publishers. Porticos mission is to ensure that the worlds scholarship, now stored and disseminated largely in digital form, will be accessible to future generations. Portico includes: 84+ million items; 24,000+ e-Journals preserved; 540,000+ e-Books preserved; 473 participating publishers and over 1,000 participating libraries. 4230626 1437342 Ithaka S+R is a not-for-profit service that provides research and strategic guidance to help the academic and cultural communities serve the public good and navigate economic, technological, and demographic change. Working with leaders of universities and colleges, libraries, publishers, cultural institutions and foundations, Ithaka S+R aims to broaden access to higher education by reducing costs, expanding opportunities for students from diverse backgrounds and developing strategies to improve student outcomes. In addition to the program service revenue of $1,437,342, ITHAKA received grant revenue of $1,503,300 allocable to Ithaka S+R reported on Part VIII, Lines 1E and 1F. 83187179 true true false false false false false false false false true true false true true true false true false true true false false false false false false false false true false false false false false false false false false false false false true true false false false true 71 0 true 410 true true true true UK false false false false false false false false false false X 15 13 false false false false false false false true true false false true true true true true true true true false CA MA NJ NY OR X CHRIS VANACORE 2123586483 101 GREENWICH STREET NEW YORK NY 10006 STEVEN G POSKANZER CHAIR AND TRUSTEE 1.0 1.0 X X 5000 0 0 KEVIN M GUTHRIE PRESIDENT AND TRUSTEE 34.0 6.0 X X 548780 0 56168 GREGORY M AVIS TRUSTEE 1.0 1.0 X 0 0 0 HENRY S BIENEN TRUSTEE (TO 3/21/18) 1.0 1.0 X 0 0 0 REBECCA M BLANK TRUSTEE 1.0 1.0 X 5000 0 0 PETER J DOUGHERTY TRUSTEE 1.0 1.0 X 2500 0 0 CHRISTOPHER L EISGRUBER TRUSTEE 1.0 1.0 X 0 0 0 IRA H FUCHS TRUSTEE 1.0 1.0 X 5000 0 0 SUSAN GIBBONS TRUSTEE 1.0 1.0 X 5000 0 0 CURTIS L KENDRICK TRUSTEE 1.0 1.0 X 2500 0 0 ALEXANDRA W LOGUE TRUSTEE 1.0 1.0 X 5000 0 0 EUGENE Y LOWE JR TRUSTEE 1.0 1.0 X 5000 0 0 CAROL A MANDEL TRUSTEE 1.0 1.0 X 5000 0 0 MICHAEL H SCHILL TRUSTEE 1.0 1.0 X 5000 0 0 JEFFREY A SINE TRUSTEE 1.0 1.0 X 0 0 0 STEPHEN M STIGLER TRUSTEE (to 3/21/18) 1.0 1.0 X 0 0 0 HERBERT S WINOKUR JR trustee 1.0 0.0 X 5000 0 0 LAURA BROWN EVP, JSTOR MANAGING DIRECTOR 40.0 0.0 X 387992 0 48790 NANCY KOPANS VP, GENERAL COUNSEL/SECRETARY 30.0 10.0 X 313761 0 47298 CATHARINE BOND HILL MANAGING DIRECTOR, ITHAK S+R 40.0 0.0 X 289070 0 48790 GERARD AURIGEMMA CFO AND TREASURER 35.0 5.0 X 272718 0 56168 KATE WITTENBERG MANAGING DIRECTOR, PORTICO 40.0 0.0 X 248056 0 51332 ROBERT HETERICK VP INSTITUTIONAL PARTICIPATION 30.0 10.0 X 381309 0 52731 RAHUL BELANI EVP CONTENT AND TECHNOLOGY 40.0 0.0 X 351459 0 55348 WILLIAM YING CIO & VP OF TECHNOLOGY 5.0 35.0 X 293772 0 34783 JOHN LENAHAN ASSOC. VP INST'L PARTICIPATION 35.0 5.0 X 299162 0 48390 FRANK SMITH DIRECTOR, BOOKS AT JSTOR 40.0 0.0 X 261812 0 53565 DALE MYERS VP PLATFORM ENGINEERING & OPS 30.0 10.0 X 254486 0 46513 JABIN WHITE VP, CONTENT MANAGEMENT 40.0 0.0 X 243976 0 50959 PIOTR ADAMCZYK DIR, ARTSTOR DIGITAL LIBRARY 10.0 30.0 X 190614 0 30327 CHRIS VANACORE CONTROLLER 35.0 5.0 X 182383 0 45362 HEIDI BARTOLACCI VP, MARKETING & COMMUNICATIONS 23.0 7.0 X 187958 0 44777 MATT S MACQUEEN VP PRODUCT DESIGN/USER EXPER 40.0 0.0 X 214348 0 46442 WILLIAM F GROPPE SR. SOFTWARE ENGINEER 40.0 0.0 X 215080 0 48087 ALEX HUMPHREYS ASSOC VP JSTOR LABS 40.0 0.0 X 210972 0 48722 HEATHER JENSEN DEPUTY GENERAL COUNSEL 40.0 0.0 X 202369 0 30554 ARCHIBALD COWAN CHIEF ARCHITECT 36.0 4.0 X 192855 0 46788 MARTIN KURZWEIL PROGRAM DIRECTOR ITHAKA S+R 40.0 0.0 X 190938 0 45977 5983870 0 1037871 133 false true false PRODUCT OPS 1347 PACIFIC AVENUE SANTA CRUZ CA 950603940 SOFTWARE DEVELOPMENT 1107000 DOCMATION LLC 3295 RIVER EXCHANGE DRIVE NORCROSS GA 30092 SOFTWARE DEVELOPMENT 703260 TEK SYSTEMS PO BOX 198568 ATLANTA GA 303848856 SOFTWARE DEVELOPMENT 643219 EIT PROFESSIONALS CORP 17199 N LAUREL PARK DRIVE LIVONIA MI 48152 SOFTWARE DEVELOPMENT 424755 ITS ANALYTICS 2000 CORNWALL ROAD SUITE 220 MONMOUTH JUNCTION NJ 08852 SOFTWARE DEVELOPMENT 353316 23 449867 3700780 4150647 JSTOR 519100 76853085 76853085 PORTICO 519100 6132668 6132668 ITHAKA S+R 519100 1437342 1437342 84423095 9939054 9939054 0 0 0 0 0 27176233 31943365 -4767132 -4767132 -4767132 0 0 0 0 0 0 0 0 0 SHARED SERVICE FEES 541990 605000 605000 LOSS ON CURRENCY CONVERSION 900099 -181926 -181926 OTHER REVENUE 454110 3961 3961 427035 94172699 84423095 608961 4989996 0 0 0 0 5923222 5410297 346912 166013 0 22915679 20939804 1975875 4099319 3819517 257411 22391 4704817 4275516 405969 23332 2352849 2183603 155204 14042 0 87557 85057 2500 125342 125342 0 0 0 5624686 5234290 390396 156526 135896 20630 1047865 754454 293411 7344310 7255031 89279 0 2798590 2798590 1414065 1375099 38966 0 544626 384271 160355 0 0 5549705 5356365 193340 235646 235646 JOURNAL ACQUISITION/SCANNING 3372745 3372745 COMMISSIONS 1031921 1031750 171 FEES AND PUBLISHER PAYMENTS 18465214 18465214 ALL OTHER EXPENSES 1060385 309680 750705 88855069 83187179 5442112 225778 X 80 165 7099280 40961621 941802 928625 8888958 6898157 0 0 0 0 0 0 0 0 1746729 2591531 29254045 25046573 2933672 4207472 0 0 159915686 120271814 0 0 0 0 11412300 15250892 192938507 191110277 24680690 26210968 0 0 57263299 68209619 0 0 0 0 0 0 0 0 0 0 727689 1107138 82671678 95527725 X 108471167 92298498 1795662 3284054 0 0 110266829 95582552 192938507 191110277 X 5317630 -21808086 1806179 X false true X true false X 1084458 214503 3522300 4623659 4150647 13595567 75267168 79509309 79528049 81553515 84423095 400281136 0 0 0 76351626 79723812 83050349 86177174 88573742 413876703 0 0 0 2107664 2149615 0 4257279 0 0 2107664 2149615 0 4257279 409619424 8032426 6026980 6024068 18025086 9939094 48047654 0 8032426 6026980 6024068 18025086 9939094 48047654 0 -204535 -116172 -340831 -15676 -181926 -859140 84179517 85634620 88733586 104186584 98330910 461065217 0.88842 0.88229 0.10421 0.11011 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3429145 2858809 570336 25824900 22187764 3637136 4207472 TIFF MULTI-ASSET MUTUAL FUND 81064720 F VANGUARD BOND MUTUAL FUND 10909757 F WORLD STOCK INDEX FUND 28297337 F 120271814 SOFTWARE COSTS 10873263 SECURITY DEPOSITS 426672 GOODWILL 3950957 15250892 0 DEFERRED RENT 1107138 1107138 X SCHEDULE D, PART X, LINE 2 ITHAKA is subject to the provisions of the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, relating to accounting and reporting for uncertainty in income taxes. Ithaka Harbors, Inc. is subject to potential unrelated business income tax (UBIT) related to its shared services revenue and disallowed transit and parking fringe benefits. Because of ITHAKA's general tax-exempt status, management believes ASC Topic 740 has not had, and is not expected to have, a material impact on ITHAKA's consolidated financial statements. Europe (Including Iceland and Greenland) 1 0 Program Services BUSINESS DEVELOPMENT 46349 East Asia and the Pacific 0 0 Program Services BUSINESS DEVELOPMENT 81580 1 0 1 0 127929 127929 false false false false false false SCHEDULE F, PART I, LINE 3, COLUMN F ACCOUNTING METHOD IS ACCRUAL BASIS. X true true X X X false true false true false false false false false KEVIN M GUTHRIE PRESIDENT AND TRUSTEE 543780 0 5000 0 33000 23168 604948 0 0 LAURA BROWN EVP, JSTOR MANAGING DIRECTOR 387992 0 0 0 33000 15790 436782 0 0 NANCY KOPANS VP, GENERAL COUNSEL/SECRETARY 306261 0 7500 0 33000 14298 361059 0 0 CATHARINE BOND HILL MANAGING DIRECTOR, ITHAK S+R 289070 0 0 0 33000 15790 337860 0 0 GERARD AURIGEMMA CFO AND TREASURER 272718 0 0 0 33000 23168 328886 0 0 KATE WITTENBERG MANAGING DIRECTOR, PORTICO 243056 5000 0 28984 22348 299388 0 ROBERT HETERICK VP INSTITUTIONAL PARTICIPATION 240590 81843 58876 29563 23168 434040 0 RAHUL BELANI EVP CONTENT AND TECHNOLOGY 291747 5000 54712 33000 22348 406807 0 WILLIAM YING CIO & VP OF TECHNOLOGY 293757 0 0 15 33000 1783 328555 0 0 JOHN LENAHAN ASSOC. VP INST'L PARTICIPATION 217319 0 81843 0 26042 22348 347552 0 0 FRANK SMITH DIRECTOR, BOOKS AT JSTOR 261812 0 0 0 31217 22348 315377 0 0 DALE MYERS VP PLATFORM ENGINEERING & OPS 254486 0 0 0 30723 15790 300999 0 0 JABIN WHITE VP, CONTENT MANAGEMENT 238950 5000 26 28611 22348 294935 0 PIOTR ADAMCZYK DIR, ARTSTOR DIGITAL LIBRARY 190614 0 0 0 22915 7412 220941 0 0 CHRIS VANACORE CONTROLLER 182383 0 0 0 22194 23168 227745 0 0 HEIDI BARTOLACCI VP, MARKETING & COMMUNICATIONS 185958 0 2000 0 22429 22348 232735 0 0 MATT S MACQUEEN VP PRODUCT DESIGN/USER EXPER 214348 0 0 26170 20272 260790 0 WILLIAM F GROPPE SR. SOFTWARE ENGINEER 214945 0 0 135 25739 22348 263167 0 0 ALEX HUMPHREYS ASSOC VP JSTOR LABS 205972 0 5000 0 25554 23168 259694 0 0 HEATHER JENSEN DEPUTY GENERAL COUNSEL 192207 0 10000 162 23209 7345 232923 0 0 ARCHIBALD COWAN CHIEF ARCHITECT 189717 0 3000 138 23620 23168 239643 0 0 MARTIN KURZWEIL PROGRAM DIRECTOR ITHAKA S+R 190938 0 0 0 23629 22348 236915 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A ITHAKA PROVIDED A GROSS-UP PAYMENT TO TWO KEY EMPLOYEES FOR COMPENSATION THEY RECEIVED IN ACCORDANCE WITH AN APPROVED REIMBURSEMENT AGREEMENT. FORM 990, SCHEDULE J, PART I, LINE 4B ITHAKA harbors, inc. MAINTAINS A 457(B) DEFERRED-COMPENSATION PLAN FOR ELIGIBLE EMPLOYEES, AS DESIGNATED AND APPROVED BY ITHAKA harbors inc.'s BOARD OF TRUSTEES. UNDER THE TERMS OF THIS PLAN, ELIGIBLE EMPLOYEES MAY MAKE ELECTIVE DEFERRALS UP TO THE MAXIMUM AMOUNT PERMITTED BY LAW. ITHAKA harbors, inc. DOES NOT CONTRIBUTE TO THIS PLAN. FORM 990, SCHEDULE J, PART I, LINE 5A IN ACCORDANCE WITH THEIR APPROVED COMPENSATION PLANS, ITHAKA PROVIDED CONTINGENT PAYMENTS TO TWO KEY EMPLOYEES BASED ON REVENUE EARNED THROUGH THE ACQUISITION OF NEW JSTOR PARTICIPANTS. FORM 990, PART III, LINE 2 The respective Boards of Trustees of Artstor INC. ("ARTSTOR") and ITHAKA HARBORS, INC. ("ITHAKA") agreed to a strategic alliance that provided a change in the governing structure of Artstor. In January 2016, Artstor amended its governing documents whereby ITHAKA became its sole corporate member, with Ithaka having the full power and authority to manage the administrative and financial operations of Artstor as well as the authority to appoint the Board of Trustees and officers of Artstor. Under the alliance, Artstor continued to remain its own legal entity and operate contractually with key legacy vendors for office space, assets purchased, leased equipment, etc. In order to provide a more integrated approach to support the activities of Artstor, effective January 1, 2017 (i) all employees of Artstor were transitioned to ITHAKA, (ii) the Artstor Retirement Plan was merged with the ITHAKA 403(b) Retirement Plan, and (iii) the Section 457(b) deferred-compensation plan for eligible employees was subsumed by ITHAKA. In October 2018, ITHAKAs Board of trustees elected to merge Artstor with and into ITHAKA effective December 31, 2018. SEE ALSO FORM 990, SCHEDULE R FOR FURTHER DETAILS. FORM 990, PART III, LINE 4A JSTOR GENERATES INCOME TO SUPPORT ITS SERVICES PRIMARILY THROUGH AN ARCHIVE CAPITAL FEE ("ACF") AND ANNUAL ACCESS FEES ("AAF"). AN ACF IS A ONE-TIME, NON-REFUNDABLE FEE THAT PROVIDES FOR LONG-TERM PRESERVATION OF THE ARCHIVE AND OTHER MISSION-RELATED PURPOSES. AAF'S ARE CHARGED TO PARTICIPATING INSTITUTIONS TO COVER THE RECURRING COSTS OF UPDATING, MAINTAINING, AND PROVIDING ACCESS TO THE JSTOR ARCHIVES. FORM 990, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT AND RISK MANAGEMENT COMMITTEE AND IT APPROVES RELEASE TO THE ENTIRE BOARD FOR AN OPPORTUNITY TO REVIEW PRIOR TO THE ELECTRONIC FILING OF THE FORM. FORM 990, PART VI, LINE 12C ITHAKA'S CONFLICTS OF INTEREST POLICY APPLIES TO ITS GOVERNING BOARD, CORPORATE OFFICERS, KEY EMPLOYEES, AND OTHERS REPRESENTING THE ORGANIZATION. MEMBERS OF ITHAKA'S GOVERNING BOARD ARE REQUIRED TO DISCLOSE ALL CONFLICTS OF INTEREST AT THE TIME THEY ARISE AND ANNUALLY VIA A WRITTEN DISCLOSURE PROCESS. THE AUDIT COMMITTEE IS CHARGED WITH REVIEWING CONFLICTS OF INTEREST TRANSACTIONS AND ASSOCIATED DECISIONS AND MAKING A DETERMINATION REGARDING ANY RESTRICTIONS TO BE IMPOSED ON THE TRANSACTION. ITHAKA'S OFFICERS AND KEY EMPLOYEES ARE LIKEWISE REQUIRED TO DISCLOSE TO THEIR SUPERVISORS PROMPTLY ALL CONFLICTS OF INTEREST THAT ARISE AND COMPLETE AN ANNUAL CONFLICTS OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, LINE 15A AND 15B COMPENSATION POLICY: THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF ITHAKA HARBORS, INC. CONDUCTS AN ANNUAL REVIEW OF OFFICER AND NON-OFFICER COMPENSATION. AS PART OF THIS REVIEW, THE COMMITTEE REFERENCES AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS AND INTERNAL EQUITY CONSIDERATIONS, AND IT UTILIZES AN ANALYSIS OF OFFICER AND NON-OFFICER SALARIES PREPARED BY INDEPENDENT EXTERNAL SOURCES USING INDUSTRY BENCHMARKING DATA. THE ANNUAL REVIEW PROCESS COVERS ALL OFFICERS AND OTHER STAFF. COMPENSATION DECISIONS FOR OFFICERS ARE PROPOSED BY THE COMPENSATION COMMITTEE OF ITHAKA, THEN REVIEWED AND APPROVED BY ITHAKA'S FULL BOARD OF TRUSTEES. COMPENSATION DECISIONS FOR NON-OFFICER EMPLOYEES ARE APPROVED BY THE COMPENSATION COMMITTEE OF ITHAKA. FORM 990, PART VI, LINE 19 ITHAKA'S FORM 990 AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST; OTHER GOVERNING DOCUMENTS ARE NOT OPEN FOR PUBLIC INSPECTION. FORM 990, PART VII EACH MEMBER OF THE BOARD OF TRUSTEES, EXCEPT THE PRESIDENT, IS ENTITLED TO A STIPEND FOR SERVICES PROVIDED AS A MEMBER OF THE GOVERNING BODY OF ITHAKA HARBORS, INC. NO PAYMENTS EXCEEDED THE REPORTING THRESHOLD OF $10,000; ACCORDINGLY THESE BOARD MEMBERS ARE DEEMED INDEPENDENT FOR REPORTING PURPOSES ON FORM 990, PART 1, LINE 4 AND PART VI, SECTION A, LINE 1B. FORM 990, PART X, LINE 2 SAVINGS AND TEMPORARY INVESTMENTS - END OF YEAR INCLUDES $27,030,300 OF CASH HELD FOR INVESTMENT DURING THE PERIOD DECEMBER 20, 2018 TO JANUARY 1, 2019. ON JANUARY 1, 2019, THESE FUNDS WERE INVESTED IN A PRIVATE PLACEMENT. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS CONSIST OF THE FOLLOWING: NET DEFICIT OF ARTSTOR AT DECEMBER 31, 2018 BECAME A DEFICIT OF ITHAKA AS OF DECEMBER 31, 2018 - (DATE OF MERGER) $(2,113,713) GOODWILL REPORTED BY ITHAKA REPRESENTING THE EXCESS OF CONSIDERATION RECEIVED OVER THE FAIR VALUE OF THE NET ASSETS AQUIRED IN THE MERGER WITH ARTSTOR INC. 3,950,957 WRITE-OFF OF UNCOLLECTIBLE FEES RECEIVABLES (31,065) ___________ TOTAL $ 1,806,179 =========== Ithaka International LLC 2 RECTOR STREET new york NY 10006 461181573 BUS DEVLPMT DE 20704 ITHAKA ARTSTOR INC 6 EAST 32ND STREET NEW YORK NY 10016 300152767 DIGITAL SVCS DE 501(C)(3) 509(A)(2) ITHAKA false false false false false false false false false false false true false true false false true false true FORM 990, SCHEDULE R, PART V, LINE 1S SEE SCHEDULE O FOR A DESCRIPTION OF THE MERGER OF ITHAKA HARBORS, INC. AND ARTSTOR INC. EFFECTIVE DECEMBER 31, 2018.