INSTITUTE OF MATHEMATICAL STATISTICS Charity Report

Public IRS 990 nonprofit record

INSTITUTE OF MATHEMATICAL STATISTICS

EIN 94-1317787 · Science & Technology (U34Z)

What they do

THE INSTITUTE of MATHEMATICAL STATISTICS is AN INTERNATIONAL (CONTINUED ON SCHEDULE O)PROFESSIONAL SOCIETY DEVOTED to THE DEVELOPMENT and DISSEMINATION of THE THEORY and APPLICATION of STATISTICS and PROBABILITY. ITS ACTIVITIES INCLUDE SPONSORSHIP of JOURNALS and OTHER SCIENTIFIC PUBLICATIONS, ORGANIZATION of SCIENTIFIC MEETINGS and COOPERATION WITH OTHER SCIENTIFIC ORGANIZATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

72.96%of revenue went to mission work91.3% of expenses · Program services

$79.90spent for every $100 of revenueRevenue covered expenses this year.

6.94%of revenue went to management and office costs8.7% of expenses

$7.31in assets for every $1 spent this yearSome assets cannot be spent right away.

2.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $216,812 for ELYSE GUSTAFSON (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,943,733

Mission workProgram services$2,147,71072.96% of revenue91.3% of expenses

ManagementOffice and general costs$204,3536.94% of revenue8.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$591,67020.10% of revenueShown in gray on the chart

Total expenses$2,352,06379.90% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.3% mission · 8.7% management · 0.0% fundraisingTotal expenses: 79.90% of revenue

2023Expense mix: 92.0% mission · 8.0% management · 0.0% fundraisingTotal expenses: 79.23% of revenue

2022Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 88.83% of revenue

2021Expense mix: 90.7% mission · 9.3% management · 0.0% fundraisingTotal expenses: 75.91% of revenue

2020Expense mix: 91.2% mission · 8.8% management · 0.0% fundraisingTotal expenses: 79.02% of revenue

2019Expense mix: 90.7% mission · 9.3% management · 0.0% fundraisingTotal expenses: 79.77% of revenue

2018Expense mix: 91.1% mission · 8.9% management · 0.0% fundraisingTotal expenses: 76.21% of revenue

2017Expense mix: 91.0% mission · 9.0% management · 0.0% fundraisingTotal expenses: 82.33% of revenue

Money in and money out

Revenue$2,943,733

Expenses$2,352,063

Annual surplus $591,670 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,147,710 · 91.3% of expenses

Management and office costs$204,353 · 8.7% of expenses

See all reported dollar amounts

Revenue$2,943,733

Expenses$2,352,063

Assets$17,193,717

Income$2,943,733

Contributions$85,600

Mission work (program services)$2,147,710

Management and general$204,353

Stocks and bonds$14,100,823

Accounting fees$27,298

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ELYSE GUSTAFSONEXECUTIVE DIRECTOR · 40 hrs/week $216,812Base $183,357 · Other $33,455

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

ELYSE GUSTAFSONEXECUTIVE DIRECTOR

KAVITA RAMANANPRESIDENT-ELECT

TONY CAIPRESIDENT

SOURAV CHATTERJEECOUNCIL MEMBER

SIVA ATHREYACOUNCIL MEMBER

RYAN TIBSHIRANTCOUNCIL MEMBER

RINA FOYGEL BARBERCOUNCIL MEMBER

QI-MAN SHAOAAP EDITOR

PHILIP A ERNSTCOUNCIL MEMBER

PETER HOFFEXECUTIVE SECRETARY

PAUL BOURGADEAOP EDITOR

MOULINATH BANERJEESTS EXECUTIVE EDITOR

MICHAEL KOSOROKPAST PRESIDENT

MARTIN HAIRERCOUNCIL MEMBER

LINDA ZHAOCOUNCIL MEMBER

LAN WANGAOS EDITOR

ANNIE QUPROGRAM SECRETARY

JULIEN DUBEDATAOP EDITOR

JUDITH ROUSSEAUCOUNCIL MEMBER

JIASHUN JINTREASURER

JI ZHUAOAS EDITOR

JANE-LING WANGCOUNCIL MEMBER

IGOR PRUNSTERCOUNCIL MEMBER

HUIXIA JUDY WANTCOUNCIL MEMBER

HARRISON ZHOUCOUNCIL MEMBER

GABOR LUGOSICOUNCIL MEMBER

ENNO MAMMENAOS EDITOR

DAN NORDMANMANAGING EDITOR

CAROLINE UHLERCOUNCIL MEMBER

About this charity

Recognized since: January 1949
Location: 9760 SMITH RD, WAITE HILL, OH 44094-9638
County: Lake
In care of: ELYSE GUSTAFSON
Primary officer: ELYSE GUSTAFSON, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emailims@imstat.org Phone(216) 295-2340

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CIUNI & PANICHI INC
NTEE classification: Science & Technology (U34Z)