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Nonprofiteer
← J CRAIG VENTER INSTITUTE INC

Form 990 for tax year 2024

Filed by J CRAIG VENTER INSTITUTE INC.

Totals

Total revenue
$14,407,483
Total expenses
$19,604,869
Contributions and grants received
$12,879,736
Grants paid
$1,536,818
Program service revenue
$0
Investment income
$1,524,575
Other revenue
$3,172
Total assets, end of year
$39,462,295
Total liabilities, end of year
$8,297,989
Net assets or fund balances, end of year
$31,164,306
Program services expenses (Part IX)
$8,918,518
Management and general expenses
$10,251,598
Fundraising expenses
$434,753
Program service expenses (Part III)
$8,918,518

Program services were 45.5% 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)

    $10,249,834

  • 1f · All other contributions, gifts and grants

    $2,629,902

  • 3 · Investment income

    total $96,101 · excluded $96,101

  • 7a · Gross sales of assets other than inventory

    securities $57,644,096

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

    securities $56,215,274 · other assets $348

  • 7c · Gain or loss

    securities $1,428,822 · other assets -$348

  • 7d · Net gain or loss

    total $1,428,474 · excluded $1,428,474

  • 11a · Other revenue: K-1 PASSTHROUGH

    total $3,172 · unrelated business $3,172

  • 11e · Other revenue, total

    $3,172

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,536,818 · program services $1,536,818

  • 5 · Compensation of officers, directors and key employees

    total $2,638,537 · program services $215,807 · management and general $2,422,730

  • 7 · Other salaries and wages

    total $6,793,385 · program services $4,145,921 · management and general $2,386,655 · fundraising $260,809

  • 8 · Pension plan contributions

    total $274,371 · program services $138,818 · management and general $125,949 · fundraising $9,604

  • 9 · Other employee benefits

    total $2,219,275 · program services $1,036,573 · management and general $1,115,734 · fundraising $66,968

  • 10 · Payroll taxes

    total $722,243 · program services $312,323 · management and general $389,560 · fundraising $20,360

  • 11b · Fees: legal

    total $94,545 · management and general $94,545

  • 11c · Fees: accounting

    total $155,770 · management and general $155,770

  • 11f · Fees: investment management

    total $89,353 · management and general $89,353

  • 12 · Advertising and promotion

    total $135,480 · program services $48,318 · management and general $86,687 · fundraising $475

  • 14 · Information technology

    total $872,349 · program services $196,719 · management and general $672,007 · fundraising $3,623

  • 16 · Occupancy

    total $1,441,888 · management and general $1,393,958 · fundraising $47,930

  • 17 · Travel

    total $300,462 · program services $206,645 · management and general $78,252 · fundraising $15,565

  • 22 · Depreciation, depletion and amortization

    total $383,399 · program services $146,222 · management and general $237,177

  • 23 · Insurance

    total $405,624 · management and general $405,624

  • 24e · All other expenses

    total $1,541,370 · program services $934,354 · management and general $597,597 · fundraising $9,419

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,971,911 · end of year $2,845,665

  • 2 · Savings and temporary cash investments

    beginning of year $1,274,704 · end of year $122,986

  • 3 · Pledges and grants receivable

    beginning of year $13,669,583 · end of year $7,959,702

  • 4 · Accounts receivable

    beginning of year $11,598 · end of year $3,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $576,720 · end of year $394,598

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

    $12,491,463

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

    $11,237,051

  • 10c · Land, buildings and equipment, net

    beginning of year $1,606,408 · end of year $1,254,412

  • 11 · Investments: publicly traded securities

    beginning of year $23,360,705 · end of year $21,846,951

  • 12 · Investments: other securities

    beginning of year $553,787 · end of year $409,403

  • 14 · Intangible assets

    beginning of year $0 · end of year $10,000

  • 15 · Other assets

    beginning of year $4,956,612 · end of year $4,615,145

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,674,079 · end of year $2,433,509

  • 19 · Deferred revenue

    beginning of year $4,052,856 · end of year $3,025,407

  • 25 · Other liabilities

    beginning of year $3,299,712 · end of year $2,839,073

  • 27 · Net assets without donor restrictions

    beginning of year $29,780,872 · end of year $24,994,329

  • 28 · Net assets with donor restrictions

    beginning of year $9,174,509 · end of year $6,169,977

Mission and programs · 2024

Mission

J. CRAIG VENTER INSTITUTE (JCVI) IS AN INDEPENDENT 501(C)(3) NONPROFIT ORGANIZATION ADVANCING THE SCIENCE OF GENOMICS COMMITTED TO ACCELERATING FOUNDATIONAL SCIENTIFIC RESEARCH TO DRIVE ADVANCES IN HUMAN HEALTH AND ENVIRONMENTAL SUSTAINABILITY. THIS PAST YEAR JCVI COMMITTED RESEARCH EFFORTS IN HUMAN HEALTH, ENVIRONMENTAL SUSTAINABILITY, SYNTHETIC BIOLOGY, AND SOFTWARE TOOLS AND TECHNOLOGY.

Activities or mission (Part I)

JCVI IS ADVANCING THE SCIENCE OF GENOMICS THROUGH BOLD INNOVATIONS. OUR MISSION IS TO UNDERSTAND MORE ABOUT THE BIOLOGICAL WORLD, AND TO DEVELOP UNIQUE INSIGHTS AND ANSWERS ABOUT DISEASE, HEALTH, AND THE ENVIRONMENT FOR THE BENEFIT OF ALL.

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

    Expenses $5,271,780 · Grants $770,981

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

    Expenses $1,128,103 · Grants $200,684

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

    Expenses $2,066,947 · Grants $565,153

  • OTHER RELATED PROGRAMS FOR SUPPORT OF DEVELOPMENT OF KEY STAFF & INTERNSHIPS.

    Expenses $451,688

As filed on the 2024 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

  • Venter John Craig

    CHAIRMAN & CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,213,531
    From this org
    $1,190,475
    From related orgs
    $0
    Other
    $23,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,159,975
    Bonus
    $0
    Other
    $30,500
    Deferred
    $13,800
    Nontaxable benefits
    $9,256
    Filer's total
    $1,213,531

  • Kowalski Heather

    CHIEF OPERATING OFFICER

    Total calculated
    $382,268
    From this org
    $359,212
    From related orgs
    $0
    Other
    $23,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,212
    Bonus
    $0
    Other
    $18,000
    Deferred
    $13,800
    Nontaxable benefits
    $9,256
    Filer's total
    $382,268

  • Wolf Richmond

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ruggles Rudy

    VICE CHAIRMAN, TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Perry Meredith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brenner David

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Badr-El-Din Amin PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Wardle Katharine

    TREASURER,VP OF FINANCE

    Total calculated
    $307,012
    From this org
    $260,155
    From related orgs
    $0
    Other
    $46,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,655
    Bonus
    $0
    Other
    $30,500
    Deferred
    $10,835
    Nontaxable benefits
    $36,022
    Filer's total
    $307,012

  • Adelson Julie G

    SECRETARY, VP LEG AFFAIRS

    Total calculated
    $204,031
    From this org
    $196,807
    From related orgs
    $0
    Other
    $7,224
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $168,007
    Bonus
    $0
    Other
    $28,800
    Deferred
    $7,224
    Nontaxable benefits
    $0
    Filer's total
    $204,031

  • Peake Antony G

    VP RESEARCH ADMINISTRATION

    Total calculated
    $315,889
    From this org
    $302,196
    From related orgs
    $0
    Other
    $13,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,965
    Bonus
    $0
    Other
    $23,231
    Deferred
    $12,145
    Nontaxable benefits
    $1,548
    Filer's total
    $315,889

  • Vashee Sanjay

    PROFESSOR

    Total calculated
    $215,807
    From this org
    $207,306
    From related orgs
    $0
    Other
    $8,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,326
    Bonus
    $0
    Other
    $17,980
    Deferred
    $8,501
    Nontaxable benefits
    $0
    Filer's total
    $215,807

  • Mullen Jill

    SR. VP OF PHILANTHROPY

    Total calculated
    $318,561
    From this org
    $281,793
    From related orgs
    $0
    Other
    $36,768
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $256,710
    Bonus
    $0
    Other
    $25,083
    Deferred
    $11,236
    Nontaxable benefits
    $25,532
    Filer's total
    $318,561

  • Yumul Mary C

    VP OF HUMAN RESOURCES

    Total calculated
    $294,138
    From this org
    $252,063
    From related orgs
    $0
    Other
    $42,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,830
    Bonus
    $0
    Other
    $21,233
    Deferred
    $10,434
    Nontaxable benefits
    $31,641
    Filer's total
    $294,138

  • Stayeas Timothy V

    NETWORK TEAM LEAD

    Total calculated
    $250,669
    From this org
    $212,799
    From related orgs
    $0
    Other
    $37,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,799
    Bonus
    $0
    Other
    $23,000
    Deferred
    $9,026
    Nontaxable benefits
    $28,844
    Filer's total
    $250,669

  • Fouts Derrick

    PROFESSOR

    Total calculated
    $223,072
    From this org
    $214,560
    From related orgs
    $0
    Other
    $8,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,060
    Bonus
    $0
    Other
    $30,500
    Deferred
    $8,512
    Nontaxable benefits
    $0
    Filer's total
    $223,072

  • Singh Indresh

    DIRECTOR, INFORMATICS

    Total calculated
    $243,896
    From this org
    $206,595
    From related orgs
    $0
    Other
    $37,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,284
    Bonus
    $0
    Other
    $25,311
    Deferred
    $8,457
    Nontaxable benefits
    $28,844
    Filer's total
    $243,896

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 · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
TAX INDEMIFICATION AND GROSS-UP PAYMENTS - CERTAIN AWARDS ARE GROSSED UP FOR INCOME TAX AND INCLUDED AS TAXABLE COMPENSATION.

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
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202503099349303335

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.