Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $100,439,962

• 1f · All other contributions, gifts and grants

  $16,412,211

• 1g · Noncash contributions included above

  $168,453

• 2a · Program service revenue: Genetic Resources

  total $438,228,617 · related or exempt $437,186,558 · unrelated business $1,042,059

• 2b · Program service revenue: Training & Education

  total $615,756 · related or exempt $615,756

• 2c · Program service revenue: Research

  total $625,744 · related or exempt $625,744

• 2f · All other program service revenue

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

• 3 · Investment income

  total $18,672,570 · unrelated business $1,776,035 · excluded $16,896,535

• 6a · Gross rents

  real property $692,170 · personal property $0

• 6b · Less rental expenses

  real property $373,285 · personal property $0

• 6c · Rental income or loss

  real property $318,885 · personal property $0

• 6d · Net rental income or loss

  total $318,885 · excluded $318,885

• 7a · Gross sales of assets other than inventory

  securities $55,009,088 · other assets $23,000

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

  securities $56,459,893 · other assets $679,162

• 7c · Gain or loss

  securities -$1,450,805 · other assets -$656,162

• 7d · Net gain or loss

  total -$2,106,967 · excluded -$2,106,967

• 11a · Other revenue: Other revenue

  total $763,406 · related or exempt $763,406

• 11b · Other revenue: FX gain

  total $81,668 · related or exempt $81,668

• 11c · Other revenue: Loss From Joint Venture

  total -$1,248,197 · related or exempt -$1,248,197

• 11d · All other revenue

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

• 11e · Other revenue, total

  -$403,123

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $333,999 · program services $333,999

• 2 · Grants to domestic individuals

  total $2,606,711 · program services $2,606,711

• 5 · Compensation of officers, directors and key employees

  total $7,303,808 · program services $1,979,101 · management and general $5,324,707

• 7 · Other salaries and wages

  total $236,364,005 · program services $198,627,010 · management and general $35,215,937 · fundraising $2,521,058

• 8 · Pension plan contributions

  total $18,119,599 · program services $15,555,240 · management and general $2,365,253 · fundraising $199,106

• 9 · Other employee benefits

  total $45,288,780 · program services $34,970,140 · management and general $9,894,222 · fundraising $424,418

• 10 · Payroll taxes

  total $17,238,083 · program services $14,485,915 · management and general $2,568,307 · fundraising $183,861

• 11b · Fees: legal

  total $2,898,061 · program services $47,449 · management and general $2,850,612

• 11c · Fees: accounting

  total $383,500 · management and general $383,500

• 11d · Fees: lobbying

  total $63,000 · management and general $63,000

• 11f · Fees: investment management

  total $296,446 · management and general $296,446

• 11g · Fees: other

  total $31,173,936 · program services $24,535,464 · management and general $6,548,936 · fundraising $89,536

• 12 · Advertising and promotion

  total $1,602,899 · program services $1,289,802 · management and general $313,097

• 13 · Office expenses

  total $1,381,167 · program services $849,633 · management and general $489,083 · fundraising $42,451

• 14 · Information technology

  total $18,104,402 · program services $11,862,333 · management and general $6,111,065 · fundraising $131,004

• 15 · Royalties

  total $2,269,606 · program services $2,269,606

• 16 · Occupancy

  total $18,020,073 · program services $16,821,346 · management and general $1,198,723 · fundraising $4

• 17 · Travel

  total $8,443,524 · program services $6,347,264 · management and general $1,863,085 · fundraising $233,175

• 19 · Conferences, conventions and meetings

  total $400,638 · program services $357,167 · management and general $43,246 · fundraising $225

• 20 · Interest

  total $9,167,101 · program services $8,847,851 · management and general $319,250

• 22 · Depreciation, depletion and amortization

  total $54,336,709 · program services $51,623,791 · management and general $2,712,918

• 23 · Insurance

  total $4,099,024 · program services $3,979,741 · management and general $119,283

• 24a · Other expenses: Supplies

  total $85,299,039 · program services $81,586,854 · management and general $3,620,157 · fundraising $92,028

• 24b · Other expenses: Service fees/credit card, bank etc

  total $5,803,717 · program services $3,839,038 · management and general $1,959,375 · fundraising $5,304

• 24c · Other expenses: Interco service fees

  total $3,207,008 · program services $3,207,008

• 24d · Other expenses: Equipment rental

  total $1,324,008 · program services $1,228,044 · management and general $87,901 · fundraising $8,063

• 24e · All other expenses

  total $1,853,019 · program services $1,917,609 · management and general -$64,590 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $244,777,217 · end of year $218,967,247

• 3 · Pledges and grants receivable

  beginning of year $18,515,968 · end of year $38,994,196

• 4 · Accounts receivable

  beginning of year $45,044,565 · end of year $46,411,449

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $11,879,627 · end of year $13,153,603

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,620,335 · end of year $14,428,848

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

  $1,213,924,536

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

  $569,286,225

• 10c · Land, buildings and equipment, net

  beginning of year $611,202,886 · end of year $644,638,311

• 11 · Investments: publicly traded securities

  beginning of year $239,013,777 · end of year $271,615,863

• 12 · Investments: other securities

  beginning of year $137,155,605 · end of year $138,816,143

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $74,441,590 · end of year $80,805,544

• 17 · Accounts payable and accrued expenses

  beginning of year $83,582,083 · end of year $91,166,944

• 19 · Deferred revenue

  beginning of year $14,109,251 · end of year $14,787,574

• 21 · Escrow or custodial account liability

  end of year $25,000,000

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $345,089,305 · end of year $339,951,064

• 27 · Net assets without donor restrictions

  beginning of year $862,307,249 · end of year $900,559,320

• 28 · Net assets with donor restrictions

  beginning of year $89,563,682 · end of year $96,366,302

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

THE JACKSON LABORATORY GROSSES UP THE AMOUNT ADDED TO WAGES FOR IMPUTED INSURANCE PREMIUMS FOR LIFE, DISABILITY, AND LONG TERM CARE BENEFITS FOR THE SENIOR MANAGEMENT GROUP TO COVER TAXES. THE LABORATORY ALSO GROSSES UP WAGES TO COVER THE TAX IMPACT OF GIFT CARDS AND OTHER AWARDS OR PRIZES TO EMPLOYEES SO THAT RECIPIENTS RECEIVE THE FULL VALUE OF THE GIFT OR AWARD.

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

THE LABORATORY PROVIDES A HOUSING ALLOWANCE TO THE PRESIDENT. THE AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).

Schedule J, Part I, Line 4a Severance or change-of-control payment

DAVID GRASS RECEIVED A SEVERANCE PAYMENT OF $120,114. MARYELLEN JOSEPH RECEIVED A SEVERANCE PAYMENT OF $116,027.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE LABORATORY MAINTAINS A DEFERRED COMPENSATION PLAN UNDER SECTION 457(F): CONTRIBUTIONS MADE: PRESIDENT/CEO $168,808 EXECUTIVE VICE PRESIDENT/COO $70,000 EXECUTIVE VICE PRESIDENT & PRESIDENT, JMCRS $58,846 SR VP & CHIEF FINANCIAL OFFICER $50,000 GENERAL COUNSEL $30,686 SR VP PRESIDENT FOR RESEARCH $14,252 DISTRIBUTIONS MADE: EXECUTIVE VICE PRESIDENT/COO $456,786

Schedule J, Part I, Line 7 Non-fixed payments

THE TOTAL COMPENSATION PACKAGE OF CERTAIN OFFICERS, KEY EMPLOYEES, AND OTHER EMPLOYEES INCLUDES VARIABLE COMPENSATION AWARDED BASED ON PERFORMANCE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• JACKSON LABORATORY HOLDINGS LLC

  HOLDINGS · DE · income $3,833,677 · assets $60,355,170

  Directly controlled by THE JACKSON LABORATORY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• THE JACKSON LAB M&T (SHANGHAI) CO LTD

  C Corporation · MEDICAL SCIENCE · CH · 100% owned · share of income $3,221,788 · share of assets $3,054,166 · controlled entity

  Directly controlled by THE JACKSON LABORATORY HOLDINGS LLC

• THE JACKSON LABORATORY ANITECH BIOTECHNOLOGY LIMITED

  C Corporation · MEDICAL SCIENCE · CH · 51% owned · share of income $1,503,034 · share of assets $296,626 · controlled entity

  Directly controlled by THE JACKSON LABORATORY HONG KONG HOLDINGS LTD

• THE JACKSON LABORATORY HONG KONG HOLDINGS LTD

  C Corporation · GENETIC RESOURCES · HK · 100% owned · share of income $404,441 · share of assets $491,390 · controlled entity

  Directly controlled by THE JACKSON LABORATORY HOLDINGS LLC

• THE JACKSON LABORATORY JAPAN HOLDINGS INC

  C Corporation · HOLDING COMPANY · JA · 100% owned · share of income $4,997,268 · share of assets $86,957,080 · controlled entity

  Directly controlled by THE JACKSON LABORATORY HOLDINGS LLC

• THE JACKSON LABORATORY JAPAN INC

  C Corporation · GENETIC RESOURCES · JA · 100% owned · share of income $39,038,324 · share of assets $89,198,320 · controlled entity

  Directly controlled by THE JACKSON LABORATORY JAPAN HOLDINGS INC

• THE JACKSON LABORATORY UK LTD

  C Corporation · ADMIN OF EUROPEAN EMPLOYEES & PAYROLL · UK · 100% owned · share of income $688,132 · share of assets $196,438 · controlled entity

  Directly controlled by THE JACKSON LABORATORY HOLDINGS LLC