Weizmann Institute of Science

Nonprofit profile at a glance

EIN
980413360
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Rehovot, IS
Phone
9728934386
Rating
73
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Biological & Life Sciences

Official website

Reported finances

Revenue
$891,074,542
Expenses
$738,401,206
Assets
$5,874,335,000
Liabilities
$268,856,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

73 people listed

Executive titles in this filing

  • Prof Alon Chen (President)
  • Prof Ziv Reich (Vice President)
  • Prof Daniel Zaifman (Former President)

Highest reported compensation

  • Prof Alon Chen (President): $360,125 total reported compensation
  • Alon Weingarten (VP-Admin): $321,958 total reported compensation
  • Prof Ziv Reich (Vice President): $317,323 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The weizmann institute of science, located in rehovot, israel, is one of the worlds top-ranking, multidisciplinary research institutions. At any one time, several thousand scientists, staff and students are involved in hundreds of research projects in the life sciences, chemistry, physics, mathematics and computer science to advance our understanding of the world in which we live.

What it reported doing in 2024

In addition to its multidisciplinary research in such areas as cancer, the brain, personalized medicine, alternative energy, nanoscience and computer science, the weizmann institute has the feinberg graduate school. Feinberg graduate school is chartered as a higher education institute in the state of New York, and is accredited by the israel council for higher education. Fgs is also recognized as an exempt organization under section 501(c)(3).

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 71
  • Accountability: 77
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.1%; rating input score 70
  • Program expense ratio: 60.6%; rating input score 61
  • Fundraising efficiency: $48.25 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Limited
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 84.4%; rating input score 84; 31st percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17.1%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 7.96; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 1.1%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 8% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 70.1% of revenue deployed · 60.6% of spending went to programs
  • Governance: 38 of 45 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $447.4M in reported program spending
  • Leadership: top reported pay $360K · 73 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $74.6M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 33 filed money-flow records
  • Related organizations: 19 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.