Skip to content
Nonprofiteer
← INDIANA BIOSCIENCES RESEARCH INSTITUTE INC

Form 990 for tax year 2024

Filed by INDIANA BIOSCIENCES RESEARCH INSTITUTE INC.

Totals

Total revenue
$5,013,560
Total expenses
$18,266,507
Contributions and grants received
$2,375,146
Grants paid
$0
Program service revenue
$1,793,462
Investment income
$668,665
Other revenue
$176,287
Total assets, end of year
$148,182,107
Total liabilities, end of year
$24,293,337
Net assets or fund balances, end of year
$123,888,770
Program services expenses (Part IX)
$15,392,139
Management and general expenses
$1,817,677
Fundraising expenses
$1,056,691
Program service expenses (Part III)
$15,392,139

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $722,151

  • 1f · All other contributions, gifts and grants

    $1,652,995

  • 1g · Noncash contributions included above

    $101,420

  • 2a · Program service revenue: Research Collaboration

    total $1,520,038 · related or exempt $1,520,038

  • 2b · Program service revenue: Research Services

    total $273,424 · related or exempt $273,424

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $823,901 · unrelated business -$97,002 · excluded $920,903

  • 6a · Gross rents

    real property $414,327

  • 6b · Less rental expenses

    real property $418,371

  • 6c · Rental income or loss

    real property -$4,044 · personal property $0

  • 6d · Net rental income or loss

    total -$4,044 · excluded -$4,044

  • 7a · Gross sales of assets other than inventory

    securities $46,253,064

  • 7b · Less cost or other basis and sales expenses

    securities $46,408,300

  • 7c · Gain or loss

    securities -$155,236 · other assets $0

  • 7d · Net gain or loss

    total -$155,236 · excluded -$155,236

  • 11a · Other revenue: Miscellaneous Income

    total $180,331 · related or exempt $180,331 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $180,331

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,477,785 · program services $1,335,391 · management and general $103,084 · fundraising $39,310

  • 7 · Other salaries and wages

    total $5,891,183 · program services $5,323,529 · management and general $410,945 · fundraising $156,709

  • 8 · Pension plan contributions

    total $237,830 · program services $214,914 · management and general $16,590 · fundraising $6,326

  • 9 · Other employee benefits

    total $540,120 · program services $434,815 · management and general $72,660 · fundraising $32,645

  • 10 · Payroll taxes

    total $566,555 · program services $511,963 · management and general $39,521 · fundraising $15,071

  • 11b · Fees: legal

    total $98,769 · program services $54,882 · management and general $16,633 · fundraising $27,254

  • 11c · Fees: accounting

    total $80,741 · management and general $80,741

  • 11d · Fees: lobbying

    total $75,175 · program services $41,773 · management and general $12,659 · fundraising $20,743

  • 11e · Fees: professional fundraising services

    total $220,897 · fundraising $220,897

  • 11f · Fees: investment management

    total $521,855 · program services $289,975 · management and general $87,881 · fundraising $143,999

  • 11g · Fees: other

    total $802,597 · program services $445,971 · management and general $135,159 · fundraising $221,467

  • 12 · Advertising and promotion

    total $120,965 · program services $82,300 · management and general $27,319 · fundraising $11,346

  • 13 · Office expenses

    total $33,284 · program services $22,645 · management and general $7,517 · fundraising $3,122

  • 14 · Information technology

    total $624,851 · program services $425,122 · management and general $141,119 · fundraising $58,610

  • 16 · Occupancy

    total $2,228,857 · program services $1,694,749 · management and general $489,599 · fundraising $44,509

  • 17 · Travel

    total $92,470 · program services $78,480 · management and general $9,668 · fundraising $4,322

  • 19 · Conferences, conventions and meetings

    total $29,093 · program services $24,691 · management and general $3,042 · fundraising $1,360

  • 20 · Interest

    total $166,786 · program services $113,474 · management and general $37,668 · fundraising $15,644

  • 22 · Depreciation, depletion and amortization

    total $1,644,195 · program services $1,545,543 · management and general $82,210 · fundraising $16,442

  • 23 · Insurance

    total $108,330 · program services $73,703 · management and general $24,466 · fundraising $10,161

  • 24a · Other expenses: Lab Expenses

    total $2,651,126 · program services $2,642,130 · management and general $7,217 · fundraising $1,779

  • 24b · Other expenses: Other Expenses

    total $38,873 · program services $26,448 · management and general $8,779 · fundraising $3,646

  • 24c · Other expenses: Bank Fees

    total $11,907 · program services $8,101 · management and general $2,689 · fundraising $1,117

  • 24d · Other expenses: Loss on Disposal of Equipment

    total $2,263 · program services $1,540 · management and general $511 · fundraising $212

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,003,919 · end of year $1,179,714

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $544,200 · end of year $687,104

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $61,320 · end of year $285,138

  • 10a · Land, buildings and equipment: cost or other basis

    $18,605,457

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,164,230

  • 10c · Land, buildings and equipment, net

    beginning of year $9,846,236 · end of year $8,441,227

  • 11 · Investments: publicly traded securities

    beginning of year $22,449,339 · end of year $12,515,484

  • 12 · Investments: other securities

    beginning of year $98,789,840 · end of year $109,022,444

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $17,416,386 · end of year $16,050,996

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,121,525 · end of year $2,452,547

  • 19 · Deferred revenue

    beginning of year $624,148 · end of year $123,750

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $6,250,000 · end of year $5,235,935

  • 25 · Other liabilities

    beginning of year $17,687,622 · end of year $16,481,105

  • 27 · Net assets without donor restrictions

    beginning of year $72,025,032 · end of year $72,607,977

  • 28 · Net assets with donor restrictions

    beginning of year $51,402,913 · end of year $51,280,793

Mission and programs · 2024

Mission

TO BECOME A LEADING INDEPENDENT RESEARCH INSTITUTE IN THE DISCOVERY AND DEVELOPMENT OF INNOVATIVE SOLUTIONS TO IMPROVE HUMAN HEALTH.

Activities or mission (Part I)

THE IBRI IS AN INDEPENDENT LIFE SCIENCES RESEARCH INSTITUTE FOCUSED ON ADDRESSING MAJOR UNDERSERVED AREAS OF PUBLIC HEALTH INCLUDING DIABETES, PEDIATRIC RARE DISEASES, AND ALZHEIMER'S DISEASE. THE IBRI FACILITATES THE GROWTH OF THE BIOMEDICAL COMMUNITY BY ATTRACTING TALENT AND INDUSTRY TO THE STATE AND AIDES IN THE COMMERCIALIZATION OF TECHNOLOGIES TO FOSTER FURTHER ECONOMIC DEVELOPMENT.

  • FOUNDED IN 2013, THE INDIANA BIOSCIENCES RESEARCH INSTITUTE'S (IBRI) SCIENTIFIC RESEARCH FOCUSES ON DISCOVERING INNOVATIVE SOLUTIONS FOR UNDERSERVED DISEASES, INCLUDING DIABETES, PEDIATRIC RARE DISEASES AND ALZHEIMER'S DISEASE.

    Expenses $15,392,139 · Revenue $1,973,793

As filed on the 2024 return.

Listed in Part VII

  • ALAN PALKOWITZ PhD

    PRESIDENT & CEO

    Total calculated
    $657,588
    From this org
    $512,952
    From related orgs
    $93,006
    Other
    $51,630
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $512,952 + $43,006 related
    Bonus
    $0
    Other
    $0 + $50,000 related
    Deferred
    $20,700 + $5,516 related
    Nontaxable benefits
    $0 + $25,414 related
    Filer's total
    $533,652 + $123,936 related

  • Daniel F Evans Jr

    EXECUTIVE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN C LECHLEITER PhD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Harrington

    Secretary & Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Aaron Schacht

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Cristopher Johnston

    DIRECTOR

    Total calculated
    $208,764
    From this org
    $0
    From related orgs
    $184,257
    Other
    $24,507
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,257 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,507 related
    Filer's total
    $0 + $208,764 related

  • Daniel Golden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Ingram MD

    DIRECTOR

    Total calculated
    $91,020
    From this org
    $0
    From related orgs
    $56,796
    Other
    $34,224
    Hours/week
    0.5 + 39.5 related

  • Debra Luffer-Atlas PhD

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Hany Moselhi MD

    DIRECTOR (Partial Year)

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Hess MD

    PhD MHSA, DIRECTOR

    Total calculated
    $1,505,483
    From this org
    $0
    From related orgs
    $1,115,038
    Other
    $390,445
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $624,324 related
    Bonus
    $0 + $270,632 related
    Other
    $0 + $220,082 related
    Deferred
    $0 + $364,249 related
    Nontaxable benefits
    $0 + $26,196 related
    Filer's total
    $0 + $1,505,483 related

  • Jeffrey Rhoads PhD

    Director

    Total calculated
    $481,253
    From this org
    $444,797
    From related orgs
    $0
    Other
    $36,456
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $444,797
    Bonus
    $0
    Other
    $0
    Deferred
    $9,235
    Nontaxable benefits
    $27,221
    Filer's total
    $481,253

  • Karen Plaut

    Director

    Total calculated
    $507,864
    From this org
    $0
    From related orgs
    $434,977
    Other
    $72,887
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,619 related
    Bonus
    $0 + $49,500 related
    Other
    $0 + $6,858 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $38,387 related
    Filer's total
    $0 + $507,864 related

  • Michael Huber

    VP for University Relations (Partial Year)

    Total calculated
    $542,408
    From this org
    $0
    From related orgs
    $467,804
    Other
    $74,604
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $455,259 related
    Bonus
    $0
    Other
    $0 + $12,545 related
    Deferred
    $0 + $46,929 related
    Nontaxable benefits
    $0 + $27,675 related
    Filer's total
    $0 + $542,408 related

  • Russ Mumper

    Director (Began 04/29/24)

    Total calculated
    $546,979
    From this org
    $0
    From related orgs
    $471,433
    Other
    $75,546
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $426,188 related
    Bonus
    $0
    Other
    $0 + $45,245 related
    Deferred
    $0 + $47,110 related
    Nontaxable benefits
    $0 + $28,436 related
    Filer's total
    $0 + $546,979 related

  • TATIANA FOROUD PhD

    DIRECTOR

    Total calculated
    $645,452
    From this org
    $0
    From related orgs
    $592,888
    Other
    $52,564
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,808 related
    Bonus
    $0 + $107,580 related
    Other
    $0 + $236,500 related
    Deferred
    $0 + $41,101 related
    Nontaxable benefits
    $0 + $11,463 related
    Filer's total
    $0 + $645,452 related

  • Vince Wong

    Director (Began 04/29/24)

    Total calculated
    $451,092
    From this org
    $0
    From related orgs
    $334,699
    Other
    $116,393
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $334,699 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $110,643 related
    Nontaxable benefits
    $0 + $5,750 related
    Filer's total
    $0 + $451,092 related

  • WENDY SRNIC PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Elizabeth Defelice

    CHIEF OFFICER & EXEC VP

    Total calculated
    $210,380
    From this org
    $199,128
    From related orgs
    $0
    Other
    $11,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,090
    Bonus
    $0
    Other
    $38
    Deferred
    $11,252
    Nontaxable benefits
    $0
    Filer's total
    $210,380

  • JOHN JAY M MCGILL PhD

    CHIEF OPERATING OFFICER & EXEC VP

    Total calculated
    $431,505
    From this org
    $396,903
    From related orgs
    $0
    Other
    $34,602
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $354,814
    Bonus
    $41,971
    Other
    $118
    Deferred
    $20,700
    Nontaxable benefits
    $13,902
    Filer's total
    $431,505

  • Michele J Sawyer

    CHIEF FINANCIAL OFFICER & EXEC VP

    Total calculated
    $388,738
    From this org
    $368,802
    From related orgs
    $0
    Other
    $19,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,229
    Bonus
    $36,531
    Other
    $42
    Deferred
    $19,936
    Nontaxable benefits
    $0
    Filer's total
    $388,738

  • Amy L Aluise

    Vice President - Research Admin. & Compliance

    Total calculated
    $186,420
    From this org
    $165,005
    From related orgs
    $0
    Other
    $21,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,188
    Bonus
    $9,800
    Other
    $17
    Deferred
    $6,342
    Nontaxable benefits
    $15,073
    Filer's total
    $186,420

  • Frank Louis Stancato PhD

    VICE PRESIDENT - Enabling Technologies

    Total calculated
    $289,113
    From this org
    $253,919
    From related orgs
    $0
    Other
    $35,194
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,091
    Bonus
    $8,750
    Other
    $78
    Deferred
    $15,436
    Nontaxable benefits
    $19,758
    Filer's total
    $289,113

  • MUSTAPHA MOUSSAIF PhD

    SR STAFF SCIENTIST

    Total calculated
    $193,708
    From this org
    $160,433
    From related orgs
    $0
    Other
    $33,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,735
    Bonus
    $9,620
    Other
    $78
    Deferred
    $9,927
    Nontaxable benefits
    $23,348
    Filer's total
    $193,708

  • Patrick James Kneer

    VP - Metabolic Translational Research

    Total calculated
    $280,518
    From this org
    $249,905
    From related orgs
    $0
    Other
    $30,613
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,890
    Bonus
    $30,000
    Other
    $15
    Deferred
    $12,501
    Nontaxable benefits
    $18,112
    Filer's total
    $280,518

  • Sharon Elaine Semones

    Vice President - Business Development

    Total calculated
    $237,965
    From this org
    $213,121
    From related orgs
    $0
    Other
    $24,844
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,379
    Bonus
    $20,700
    Other
    $42
    Deferred
    $12,120
    Nontaxable benefits
    $12,724
    Filer's total
    $237,965

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202543219349321754

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.