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Nonprofiteer
← BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH INC

Form 990 for tax year 2023

Filed by BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH INC.

Totals

Total revenue
$12,819,530
Total expenses
$21,775,037
Contributions and grants received
$13,486,725
Grants paid
$3,441,660
Program service revenue
$0
Investment income
-$1,207,626
Other revenue
$540,431
Total assets, end of year
$82,750,847
Total liabilities, end of year
$8,251,240
Net assets or fund balances, end of year
$74,499,607
Program services expenses (Part IX)
$18,312,608
Management and general expenses
$3,086,180
Fundraising expenses
$376,249
Program service expenses (Part III)
$18,312,608

Program services were 84.1% 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)

    $7,574,595

  • 1f · All other contributions, gifts and grants

    $5,912,130

  • 3 · Investment income

    total $1,240,935 · unrelated business $55,870 · excluded $1,185,065

  • 5 · Royalties

    total $256,586 · excluded $256,586

  • 7a · Gross sales of assets other than inventory

    securities $24,862,606

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

    securities $27,311,167

  • 7c · Gain or loss

    securities -$2,448,561

  • 7d · Net gain or loss

    total -$2,448,561 · excluded -$2,448,561

  • 11a · Other revenue: OTHER INCOME

    total $283,845 · related or exempt $283,845

  • 11e · Other revenue, total

    $283,845

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $985,907 · program services $985,907

  • 3 · Grants to foreign organizations and individuals

    total $2,455,753 · program services $2,455,753

  • 5 · Compensation of officers, directors and key employees

    total $745,192 · program services $223,769 · management and general $521,423

  • 7 · Other salaries and wages

    total $7,923,539 · program services $6,772,259 · management and general $969,565 · fundraising $181,715

  • 8 · Pension plan contributions

    total $763,103 · program services $659,566 · management and general $62,293 · fundraising $41,244

  • 9 · Other employee benefits

    total $1,339,674 · program services $1,125,088 · management and general $203,335 · fundraising $11,251

  • 10 · Payroll taxes

    total $575,795 · program services $475,786 · management and general $86,263 · fundraising $13,746

  • 11b · Fees: legal

    total $213,742 · program services $126,314 · management and general $87,428

  • 11c · Fees: accounting

    total $53,025 · management and general $53,025

  • 11f · Fees: investment management

    total $261,394 · management and general $261,394

  • 11g · Fees: other

    total $3,307,802 · program services $2,936,329 · management and general $339,380 · fundraising $32,093

  • 13 · Office expenses

    total $38,459 · program services $26,402 · management and general $11,203 · fundraising $854

  • 17 · Travel

    total $491,920 · program services $421,035 · management and general $66,307 · fundraising $4,578

  • 20 · Interest

    total $18,479 · management and general $18,479

  • 22 · Depreciation, depletion and amortization

    total $597,042 · program services $495,545 · management and general $101,497

  • 23 · Insurance

    total $95,008 · program services $4,880 · management and general $90,128

  • 24a · Other expenses: UBIT TAXES

    total $250 · management and general $250

  • 24b · Other expenses: SUPPLIES

    total $854,173 · program services $793,315 · management and general $55,177 · fundraising $5,681

  • 24c · Other expenses: OTHER SERVICES AND EXPE

    total $783,152 · program services $553,384 · management and general $157,645 · fundraising $72,123

  • 24d · Other expenses: EQUIPMENT AND MAINTENAN

    total $244,128 · program services $243,080 · management and general $1,048

  • 24e · All other expenses

    total $27,500 · program services $14,196 · management and general $340 · fundraising $12,964

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,076 · end of year $217,210

  • 2 · Savings and temporary cash investments

    beginning of year $4,260,521 · end of year $4,325,517

  • 3 · Pledges and grants receivable

    beginning of year $3,580,665 · end of year $3,764,421

  • 8 · Inventories for sale or use

    beginning of year $30,579 · end of year $31,566

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,455 · end of year $47,454

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

    $14,424,635

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

    $11,698,249

  • 10c · Land, buildings and equipment, net

    beginning of year $2,488,109 · end of year $2,726,386

  • 11 · Investments: publicly traded securities

    beginning of year $45,899,736 · end of year $44,052,599

  • 12 · Investments: other securities

    beginning of year $27,841,680 · end of year $27,223,979

  • 15 · Other assets

    beginning of year $1,199,128 · end of year $361,715

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,567,004 · end of year $2,295,856

  • 19 · Deferred revenue

    beginning of year $3,629,458 · end of year $1,113,955

  • 23 · Secured mortgages and notes payable

    beginning of year $1,495,000 · end of year $1,496,322

  • 25 · Other liabilities

    beginning of year $3,719,459 · end of year $3,345,107

  • 27 · Net assets without donor restrictions

    beginning of year $65,729,860 · end of year $65,398,916

  • 28 · Net assets with donor restrictions

    beginning of year $8,205,168 · end of year $9,100,691

Mission and programs · 2023

Mission

TO ADVANCE AND COMMUNICATE SCIENTIFIC DISCOVERY IN PLANT BIOLOGY TO IMPROVE AGRICULTURE, PROTECT THE ENVIRONMENT AND ENHANCE HUMAN HEALTH.

Activities or mission (Part I)

THE BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH, INC. (BTI) STRIVES TO BE A WORLD LEADER IN PLANT SCIENCE RESEARCH. BTI WAS FOUNDED BY WILLIAM BOYCE THOMPSON OUT OF A CONVICTION THAT "ANY PRINCIPLES CONCERNING THE NATURE OF LIFE THAT YOU CAN ESTABLISH FOR PLANTS WILL HELP YOU UNDERSTAND MAN, IN HEALTH AND DISEASE." HE ALSO SAW PLANT SCIENCE AS A MEANS OF ENDING HUNGER, THUS ULTIMATELY PROMOTING DEMOCRACY AND POLITICAL STABILITY. BTI ENVISIONS A WORLD IN WHICH NUTRITIOUS FOOD IS IN ABUNDANCE, THE ENVIRONMENT IS SECURE, AND PEOPLE LIVE FULLER, HEALTHIER LIVES. THIS VISION CAN BE REALIZED IN PART THROUGH THE STUDY OF PLANTS FOR THE BENEFIT OF PEOPLE AND THE ENVIRONMENT, CONCENTRATING PARTICULARLY ON PLANT DEVELOPMENT, MOLECULAR INTERACTIONS BETWEEN PLANTS AND MICROBES, AND MOLECULAR AND CHEMICAL ECOLOGY.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $11,356,023 · Grants $50,639

  • RESEARCH TOOLS & COMMUNICATIONS: BTI SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT RESEARCH TOWARDS THE ADVANCEMENT OF SCIENTIFIC KNOWLEDGE. VIRTUALLY EVERY DAY, SCIENTISTS DISCOVER AND RECORD A STAGGERING AMOUNT OF NEW INFORMATION ABOUT THE GENES, PROTEINS AND CHEMICALS THAT DIRECT THE DEVELOPMENT OF CELLS. BTI RESEARCHERS ALSO ARE CONTINUALLY DEVELOPING NEW TECHNIQUES FOR LABORATORY RESEARCH. BTI SCIENTISTS ARE DEVELOPING INNOVATIVE SOFTWARE AND DATABASES, ENABLING RESEARCHERS TO BETTER ORGANIZE, ACCESS AND RETRIEVE A WEALTH OF DATA, ISOLATE AND IDENTIFY SPECIFIC GENES CONTROLLING THE SPECIFIC LIFE PROCESSES AND IDENTIFY MOLECULES WITH POTENTIAL EVOLUTIONARY, BIOLOGICAL AND MEDICAL IMPORTANCES. BTI SCIENTISTS ALSO DEVELOP NEW RESEARCH PROTOCOLS FOR TRANSFORMING PLANTS WITH GENES OF INTEREST TO DISCOVER THEIR FUNCTIONS.

    Expenses $736,276 · Grants $649,483

  • IMPROVED HUMAN HEALTH: INSTITUTE SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT SCIENCE AND RELATED RESEARCH TOWARDS IMPROVED HUMAN HEALTH. CURRENT RESEARCH AT BTI MAY LEAD TO AN INCREASE IN OUR UNDERSTANDING OF HUMAN DISEASES SUCH AS DIABETES, ALZHEIMER'S DISEASE AND AGING-RELATED DISEASES. BTI RESEARCHERS DEVELOP CELL LINES IN PLANTS AND INSECTS THAT CAN BE USED TO MANUFACTURE THERAPEUTICS, DIAGNOSTICS, AND VACCINES. INSTITUTE RESEARCH ALSO MAY LEAD TO MORE NUTRITIOUS FOODS TO COMBAT VITAMIN DEFICIENCIES AND LESS PESTICIDE USE TO REDUCE HUMAN EXPOSURE TO HARMFUL CHEMICALS. BTI SCIENTISTS ALSO STUDY HOW PLANTS PRODUCE PHARMACEUTICALLY ACTIVE COMPOUNDS AND MAY LEAD TO NEW SOURCES OF NATURAL WAYS TO COMBAT CONDITIONS LIKE HEART DISEASE.

    Expenses $1,568,820

  • OTHER PROGRAM SERVICES

    Expenses $4,651,489 · Grants $2,741,538 · Revenue $283,845

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • DAVID STERN

    PRESIDENT/PRIMARY INVESTIGATOR

    Total calculated
    $447,536
    From this org
    $382,701
    From related orgs
    $0
    Other
    $64,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,201
    Bonus
    $0
    Other
    $19,500
    Deferred
    $47,006
    Nontaxable benefits
    $17,829
    Filer's total
    $447,536

  • GREGORY GALVIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROBERTO CANIZARES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LOURDES CASANOVA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL CHOMET

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PETER CORNELIUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY LOU GUERINOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELINDA OAKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OLIVER SCHULZE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES TRAUTMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN HOULTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IAN GAZARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STACY KIMMEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIDGET KRIEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC LYONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE MCCOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK NELSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SALLY ROCKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOCELYN ROSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARGARET SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEREDITH WILLIAMS

    ASSISTANT EXECUTIVE/SECRETARY

    Total calculated
    $81,947
    From this org
    $63,323
    From related orgs
    $0
    Other
    $18,624
    Hours/week
    40

  • RYAN HILDRETH

    DIRECTOR OF FINANCE/TREASURER

    Total calculated
    $139,348
    From this org
    $130,818
    From related orgs
    $0
    Other
    $8,530
    Hours/week
    40

  • SILVIA RESTREPO

    PRESIDENT

    Total calculated
    $76,361
    From this org
    $72,112
    From related orgs
    $0
    Other
    $4,249
    Hours/week
    40

  • MARIA HARRISON

    PRIMARY INVESTIGATOR

    Total calculated
    $290,100
    From this org
    $246,235
    From related orgs
    $0
    Other
    $43,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,235
    Bonus
    $0
    Other
    $0
    Deferred
    $36,255
    Nontaxable benefits
    $7,610
    Filer's total
    $290,100

  • ZHANGJUN FEI

    PRIMARY INVESTIGATOR

    Total calculated
    $280,985
    From this org
    $247,919
    From related orgs
    $0
    Other
    $33,066
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,919
    Bonus
    $0
    Other
    $28,000
    Deferred
    $32,790
    Nontaxable benefits
    $276
    Filer's total
    $280,985

  • ERIC RICHARDS

    PRIMARY INVESTIGATOR

    Total calculated
    $214,751
    From this org
    $176,847
    From related orgs
    $0
    Other
    $37,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,847
    Bonus
    $0
    Other
    $0
    Deferred
    $26,562
    Nontaxable benefits
    $11,342
    Filer's total
    $214,751

  • GEORG JANDER

    PRIMARY INVESTIGATOR

    Total calculated
    $228,647
    From this org
    $181,124
    From related orgs
    $0
    Other
    $47,523
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,124
    Bonus
    $0
    Other
    $0
    Deferred
    $28,217
    Nontaxable benefits
    $19,306
    Filer's total
    $228,647

  • FRANK SCHROEDER

    PRIMARY INVESTIGATOR

    Total calculated
    $225,298
    From this org
    $188,361
    From related orgs
    $0
    Other
    $36,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,361
    Bonus
    $0
    Other
    $0
    Deferred
    $28,969
    Nontaxable benefits
    $7,968
    Filer's total
    $225,298

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349305175

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

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