Financial Statements

Financial Statements

American Academy of Arts and Sciences and Affiliates
Consolidated Statement of Financial Position as of June 30, 2023

William Henry Pickering, a Member of the Academy and an instructor of physics at the Massachusetts Institute of Technology, photographed a total eclipse of the sun...

New analysis from the Academy's Humanities Indicators project shows dramatic decreases in open positions for professors. Health professions faculty jobs, once equal in number to those in humanities, now far outnumber them.

New data from the American Academy’s Humanities Indicators reveal a recent substantial shift toward bachelor’s and graduate degrees in the science, technology, engineering, and medical (STEM) fields; the data also highlight some of the underlying complexities in this shift.

The Academy convened a workshop in Chicago to discuss how a regional working group of state, local, and university leaders from the plains states could help implement the recommendations from the Academy’s recent report.

This fall the Academy Archives embarks on a new project to clean, repair, rehouse, and digitize many important documents from the Academy's early years, as well as a unique collection of records to related to the family of Benjamin Thompson, Count Rumford.

The firm of Mayer Hoffman McCann P.C., Certi­fied Public Accountants, conducted the audit of the American Academy’s statements of finan­cial position for the fiscal year 2020 (July 1, 2019–June 30, 2020). I am pleased to report the auditors found the consolidated financial statements present fairly, in all material respects, the financial position of the Academy, and the auditors have issued an unqualified report. The consolidated statement of activities and financial position may be found on pages 12–13. A copy of the audited financial statements is available on the Academy’s website and upon request from the Academy’s Business Office.

The firm of Mayer Hoffman McCann P.C., Certified Public Accountants, conducted the audit of the American Academy’s statements of financial position for the fiscal year 2021 (July 1, 2020–June 30, 2021). I am pleased to report the auditors found the consolidated financial statements present fairly, in all material respects, the financial position of the Academy, and the auditors have issued an unqualified report. The consolidated statement of activities and financial position may be found below. A copy of the audited financial statements is available on the Academy’s website and upon request from the Academy’s Business Office.

At the 3rd Meeting of the Academy held on August 30, 1780, Academy members voted to appoint “a Committee to confer with the Reverend and Honorable Corporation of the University of Cambridge upon pursuing measures to procure an accurate observation of the Solar eclipse...”

When I took office as President in 2019, I quickly realized that one of the great joys of this role is the opportunity to travel to meet with members of our remarkable community. During 2019–2020, I visited some of our largest member communities in New York, Chicago, and the San Francisco Bay area; smaller member groups in locations such as Dallas, St. Louis, and Nashville; and many international members in places such as Colombia, Japan, and the United Kingdom.

States across the country took steps to advance and impede recommendations in the Academy's crosspartisan publication, Our Common Purpose: Reinventing American Democracy for the 21st Century. Learn more about which issues - including civics education, redistricting commissions, and voting regulations - were addressed and where.

On January 28, 2013, the Academy honored Robert J. Birgeneau, Chancellor Emeritus of the University of California, Berkeley, at a special symposium on the benefit of public investment in higher education. Chancellor Birgeneau, Mary Sue Coleman, and Henry E. Brady participated in a conversation on the future of America’s system of public higher education, focusing on the California model and beyond.

On March 31, 1999, Jared Diamond presented a condensed version of his talk on "How to Get Rich."

In recent months, the media has been filled with reports of colleges and universities nationwide cutting humanities programs, at institutions ranging from large state flagships (such as West Virginia University) to smaller liberal arts colleges (such as Simmons and Lasell Universities). To clarify some of the choices involved in these decisions, the Academy’s Humanities Indicators project is releasing a series of reports on the state of the humanities in each of the fifty states and the District of Columbia. These reports demonstrate the depth of the challenges facing the humanities (with the numbers of humanities degrees declining in all but three states), but they also provide resources to counter some of the prevailing narratives about career outcomes for graduates in the humanities.

Russia’s invasion of Ukraine has unleashed a humanitarian catastrophe, but Ukraine is only the most visible example of contemporary conflicts subjecting populations to systematic violence and depriving them of life-saving humanitarian assistance. In Ethiopia, Sudan, Yemen, and the Democratic Republic of the Congo, the eroding purchase of international humanitarian law, combined with intensifying geopolitical competition and the rapidly changing character of modern warfare, have put enormous strain on humanitarian actors. An issue of Daedalus explores the conflicts and the implications.

David Ellwood and Christopher Jencks discuss how inequalities in race, gender, and income continue to divide American society. Through the 2000–2001 Stated Meeting series on inequalities, the Academy seeks to reevaluate what has been achieved in the past quarter-century and assess the challenges that await us in the future.

On March 6, 2019, Douglas E. Soltis and Pamela S. Soltis spoke at the Academy about a project that harnesses algorithm development, computer power, and DNA sequencing to create a comprehensive visual Tree of Life. The program, which served as the 2079th Stated Meeting of the Academy, included a welcome from President David W. Oxtoby and an introduction from Scott Vernon Edwards.