Return of Organization Exempt from Income
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l efile GRAPHIC p rint - DO NOT PROCESS As Filed Data - DLN: 93490226008639 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 Under section 501 (c), 527, or 4947( a)(1) of the Internal Revenue Code ( except black lung benefit trust or private foundation) 2 00 7 Department of the Treasury -The organization may have to use a copy of this return to satisfy state reporting requirements Internal Revenue Service A For the 2007 calendar year, or tax year beginning 10 -01-2007 and ending 09-30-2008 C Name of organization D Employer identification number B Check if applicable Please American Society ForTechnion - 1 Address change use IRS Israel Institute For technology 13-0434195 label or Number and street (or P 0 box if mail is not delivered to street address) Room/suite E Telephone number (- Name change print or type . See 55 East 59th Street (212) 407-6300 F Initial return S p ecific Instruc - City or town, state or country, and ZIP + 4 FAccounting method 1 Cash F Accrual (- Final return tions . NEW YORK, NY 100221710 Other (specify) 0- F-Amended return (- Application pending * Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable H and I are not applicable to section 527 organizations trusts must attach a completed Schedule A (Form 990 or 990-EZ). H(a) Is this a group return for affiliates? (- Yes F No H(b) If "Yes" enter number of affiliates 0- G Web site: - www ats org H(c) Are all affiliates included? (- Yes F_ No (If "No," attach a list See instructions ) I Organization type ( check only one) 1- F 95 501( c) (3) -4 (insert no ) 1 4947(a)(1) or F_ 527 H(d) Is this a separate return filed by an organization K Check here 1- 1 if the organization is not a 509(a)(3) supporting organization and its gross receipts are covered by a group ruling? F Yes F No normally not more than 25,000 A return is not required, but if the organization chooses to file a return, be sure to file a complete return I Group Exemption Number 0- M Check - 1 if the organization is not required to L Gross receipts Add lines 6b, 8b, 9b, and 10b to line 12 0- 175,815,414 attach Sch B (Form 990, 990-EZ, or990-PF) n TI" Revenue . Expenses. and Chances in Net Assets or Fund Balances (See the instructions-) 1 Contributions, gifts, grants, and similar amounts received a Contributions to donor advised funds la 377,062 b Direct public support (not included on line 1a) . lb 67,423,460 c Indirect public support (not included on line 1a) . 1c d Government contributions (grants) (not included on line 1a) ld 67,800,522 e Total (add lines la through 1d) (cash $ 62,936,016 noncash $ 4 ,864,506 1e 2 Program service revenue including government fees and contracts (from Part VII, line 93) 2 3 Membership dues and assessments 3 4 Interest on savings and temporary cash investments 4 3,392,100 5 Dividends and interest from securities 5 6a Gross rents . 6a b Less rental expenses 6b c Net rental income or (loss) subtract line 6b from line 6a . 6c 7 Other investment income (describe ) 7 2,193,600 8a Gross amount from sales of assets (A) Securities (B) Other a other than inventory . 102,411,371 8a b Less cost or other basis and sales expenses 82,836,592 8b 19,574,779 Sc c Gain or (loss) (attach schedule) . I s d Net gain or (loss) Combine line 8c, columns (A) and (B) . 8d 19,574,779 9 Special events and activities (attach schedule) If any amount is from gaming , check here 0-F a Gross revenue (not including $ of contributions reported on line 1b) 9a 17,821 b Less direct expenses other than fundraising expenses . 9b 24,269 c Net income or (loss) from special events Subtract line 9b from line 9a . c 6,448 10a Gross sales of inventory, less returns and allowances . 10a b Less cost of goods sold 10b c Gross profit or (loss) from sales of inventory (attach schedule) Subtract line 10b from line 10a 10c 11 Other revenue (from Part VII, line 103) 11 12 Total revenue Add lines le, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11 12 92,954,553 13 Program services (from line 44, column (B)) . 13 63,326,542 14 Management and general (from line 44, column (C)) . 14 9,388,824 F 15 Fundraising (from line 44, column (D)) . 15 11,984,236 w 16 Payments to affiliates (attach schedule) 16 17 Total expenses Add lines 16 and 44, column (A) . 17 84,699,602 ,A 18 Excess or (deficit) for the year Subtract line 17 from line 12 . 18 8,254,951 19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 439,896,386 20 Other changes in net assets or fund balances (attach explanation) . 20 -72,691,451 21 Net assets or fund balances at end of year Combine lines 18, 19, and 20 21 375,459,886 For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions . Cat No 11282Y Form 990 (2007) Form 990 (2007) Page 2 Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section Functional Expenses 501(c)(3) and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others (See the instructions.) Do not include amounts reported on line (B) Program (C) Management (A) Total (D) Fundraising 6b, 8b, 9b, 1Ob, or 16 of Part I. services and general 22a Grants paid from donor advised funds (attach Schedule) (cash $ 284,866 noncash $ If this amount includes foreign grants, check here F 22a 284,866 284,866 22b Other grants and allocations (attach schedule) (cash $ 63,041,676 noncash $ If this amount includes foreign grants, check here - F 22b 63,041,676 63,041,676 23 Specific assistance to individuals (attach schedule) 23 24 Benefits paid to or for members (attach schedule) 24 25a Compensation of current officers, directors, key employees etc Listed in Part V-A (attach schedule) 25a 1,717,259 1,187,139 530,120 b Compensation of former officers, directors, key employees etc listed in Part V-B (attach schedule) 25b c Compensation and other distributions not icluded above to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) (attach schedule) 25c 26 Salaries and wages of employees not included on lines 25a, b and c 26 7,477,149 2,401,406 5,075,743 27 Pension plan contributions not included on lines 25a, b and c 27 872,479 290,288 582,191 28 Employee benefits not included on lines 25a - 27 28 1,367,684 427,482 940,202 29 Payroll taxes 29 674,377 270,226 404,151 30 Professional fundraising fees 30 31 Accounting fees 31 121,526 121,526 32 Legal fees 32 173,595 173,595 33 Supplies 33 164,503 65,801 98,702 34 Telephone 34 233,890 93,556 140,334 35 Postage and shipping 35 204,650 81,860 122,790 36 Occupancy 36 833,505 325,372 508,133 37 Equipment rental and maintenance 37 103,434 103,434 38 Printing and publications 38 1,332,557 239,527 1,093,030 39 Travel 39 1,337,221 416,387 920,834 40 Conferences, conventions, and meetings 40 416,924 416,924 41 Interest 41 311,286 121,402 189,884 42 Depreciation, depletion, etc (attach schedule) ?^+ 42 486,950 205,922 281,028 43 Other expenses not covered above (itemize) a MISCELLANEOUS 43a 36,752 15,841 20,911 b sightseeing meals and speakers-campaign events 43b 835,198 175,939 659,259 c INSURANCE 43c 213,866 213,866 d investment management fees 43d 1,345,386 1,345,386 e consulting fees 43e 265,967 265,967 f unrelated business income tax 43f 846,902 846,902 g 43g 44 Total functional expenses . Add lines 22a through 43g (Organizations completing columns (B)-(D), carry these totals to lines 13-15) 44 84,699,602 63,326,542 9,388,824 11,984,236 Joint Costs . Check - fl if you are following SOP 98-2 Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services ' fl Yes F No If "Yes," enter ( i) the aggregate amount of these joint costs $ , ( ii) the amount allocated to Program services $ (iii) the amount allocated to Management and general $ , and (iv) the amount allocated to Fundraising $ Form 990 (2007) Form 990 (2007) Page 3 f iii Statement of Program Service Accomplishments (See the instructions.) Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization How the public perceives an organization in such cases may be determined by the information presented on its return Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments What is the organization ' s primary exempt purpose? 0- To promote , encourage , and advance technological, Program Service scientific and industrial higher and secondary Expenses education , research and training in Israel and (Required for 501(c)( 3) and elsewhere (4) orgs , and 4947(a)(1) All organizations must describe their exempt purpose achievements in a clear and concise manner State the number of clients served , trusts, but optional for publications issued, etc Discuss achievements that are not measurable (Section 501(c)(3) and ( 4) organizations and 4947( a)(1) nonexempt others charitable trusts must also enter the amount of grants and allocations to others ) a The society engages in charitable , educational and scientific activities to promote technological and industrial research and training in Israel, and to aid the technion - israel institute of technology , an educational institution in haifa, Israel in addition, it engages in such activities at various places in the united states and elsewhere, including, but not limited to , holding scientific conferences and small group meetings the society receives contributions , gifts, grant bequests ,