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Nonprofiteer
← HUDSON-ALPHA INSTITUTE FOR BIOTECHNOLOGY

Form 990 for tax year 2022

Filed by HUDSON-ALPHA INSTITUTE FOR BIOTECHNOLOGY.

Totals

Total revenue
$53,847,313
Total expenses
$53,817,844
Contributions and grants received
$46,595,705
Grants paid
$0
Program service revenue
$2,850,353
Investment income
$108,951
Other revenue
$4,292,304
Total assets, end of year
$226,249,482
Total liabilities, end of year
$39,181,452
Net assets or fund balances, end of year
$187,068,030
Program services expenses (Part IX)
$37,654,788
Management and general expenses
$15,323,936
Fundraising expenses
$839,120
Program service expenses (Part III)
$37,654,788

Program services were 70.0% 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.

  • 1d · Related organizations

    $8,960,312

  • 1e · Government grants (contributions)

    $32,916,691

  • 1f · All other contributions, gifts and grants

    $4,718,702

  • 2a · Program service revenue: SERVICE REVENUE

    total $2,850,353 · related or exempt $2,850,353

  • 3 · Investment income

    total $69,822 · excluded $69,822

  • 5 · Royalties

    total $71,135 · excluded $71,135

  • 6a · Gross rents

    real property $4,539,735

  • 6c · Rental income or loss

    real property $4,539,735

  • 6d · Net rental income or loss

    total $4,539,735 · excluded $4,539,735

  • 7a · Gross sales of assets other than inventory

    securities $563,530

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

    securities $524,401

  • 7c · Gain or loss

    securities $39,129

  • 7d · Net gain or loss

    total $39,129 · related or exempt $39,129

  • 11a · Other revenue: OTHER INCOME

    total $1,323,478 · related or exempt $1,323,478

  • 11b · Other revenue: SPONSORSHIP REVENUE

    total $119,102 · related or exempt $119,102

  • 11c · Other revenue: EVENT REGISTRATION

    total $51,570 · related or exempt $51,570

  • 11d · All other revenue

    total -$1,812,716 · unrelated business -$1,812,716

  • 11e · Other revenue, total

    -$318,566

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $4,945,655 · management and general $4,945,655

  • 7 · Other salaries and wages

    total $4,248,475 · program services $3,030,065 · management and general $785,425 · fundraising $432,985

  • 8 · Pension plan contributions

    total $596,201 · program services $387,105 · management and general $191,930 · fundraising $17,166

  • 9 · Other employee benefits

    total $2,457,614 · program services $1,449,959 · management and general $933,326 · fundraising $74,329

  • 10 · Payroll taxes

    total $1,209,766 · program services $776,154 · management and general $401,472 · fundraising $32,140

  • 11b · Fees: legal

    total $480,096 · program services $95,555 · management and general $384,541

  • 11c · Fees: accounting

    total $132,754 · management and general $132,754

  • 11d · Fees: lobbying

    total $243,000 · program services $243,000

  • 11f · Fees: investment management

    total $24,584 · program services $24,584

  • 11g · Fees: other

    total $26,633 · program services $4,532 · management and general $22,101

  • 12 · Advertising and promotion

    total $123,225 · program services $100,933 · management and general $14,407 · fundraising $7,885

  • 13 · Office expenses

    total $981,779 · program services $857,786 · management and general $117,604 · fundraising $6,389

  • 14 · Information technology

    total $2,558,867 · program services $259,579 · management and general $2,297,701 · fundraising $1,587

  • 16 · Occupancy

    total $8,303,584 · program services $6,560,952 · management and general $1,742,632

  • 17 · Travel

    total $214,374 · program services $92,565 · management and general $120,788 · fundraising $1,021

  • 20 · Interest

    total $94,676 · management and general $94,676

  • 22 · Depreciation, depletion and amortization

    total $1,517,093 · program services $743,068 · management and general $767,370 · fundraising $6,655

  • 23 · Insurance

    total $312,954 · program services $62,642 · management and general $250,312

  • 24a · Other expenses: DIRECT EXPENDITURES

    total $22,079,304 · program services $22,047,716 · fundraising $31,588

  • 24b · Other expenses: CONTRACT LABOR

    total $807,296 · program services $295,768 · management and general $504,078 · fundraising $7,450

  • 24c · Other expenses: MAINTENANCE

    total $740,493 · program services $27,577 · management and general $709,245 · fundraising $3,671

  • 24d · Other expenses: OUTSIDE SERVICES

    total $710,664 · program services $155,808 · management and general $442,763 · fundraising $112,093

  • 24e · All other expenses

    total $1,008,757 · program services $439,440 · management and general $465,156 · fundraising $104,161

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,104,584 · end of year $1,441,674

  • 2 · Savings and temporary cash investments

    beginning of year $22,460,736 · end of year $15,353,819

  • 3 · Pledges and grants receivable

    beginning of year $14,995,796 · end of year $18,490,777

  • 4 · Accounts receivable

    beginning of year $1,118,549 · end of year $3,313,369

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,435,329 · end of year $1,176,571

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

    $186,039,955

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

    $53,213,114

  • 10c · Land, buildings and equipment, net

    beginning of year $101,592,399 · end of year $132,826,841

  • 11 · Investments: publicly traded securities

    beginning of year $3,020,683 · end of year $2,498,197

  • 12 · Investments: other securities

    beginning of year $39,512,000 · end of year $48,919,556

  • 14 · Intangible assets

    beginning of year $440,958 · end of year $486,239

  • 15 · Other assets

    beginning of year $885,911 · end of year $1,742,439

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,871,051 · end of year $7,029,929

  • 19 · Deferred revenue

    beginning of year $1,798,478 · end of year $1,887,122

  • 25 · Other liabilities

    beginning of year $4,269,172 · end of year $30,264,401

  • 27 · Net assets without donor restrictions

    beginning of year $174,652,966 · end of year $177,277,090

  • 28 · Net assets with donor restrictions

    beginning of year $1,975,278 · end of year $9,790,940

Mission and programs · 2022

Mission

THE PRIMARY MISSION OF THE INSTITUTE WILL BE TO USE THE INCREASINGLY POWERFUL RESEARCH TOOLS BEING DEVELOPED IN THE BIOTECHNOLOGY AREA TO BETTER UNDERSTAND THE CAUSES OF CERTAIN DISEASES AND TO APPLY THE FINDINGS OF SUCH RESEARCH TO HELP DEVELOP NEW AND MORE EFFECTIVE TREATMENTS FOR SUCH DISEASES. THE INSTITUTE'S CHARITABLE MISSION CONTEMPLATES NUMEROUS OTHER ACTIVITIES ALL OF WHICH ARE INTENDED TO HELP FURTHER BIOTECH RESEARCH IN ALABAMA.

  • ACTIVITIES, PROGRAMS, AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF SERVING AS A CATALYST FOR BIOTECHNOLOGY RESEARCH AND DEVELOPEMENT.

    Expenses $23,944,025

  • ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF PROVIDING A VARIETY OF EDUCATIONAL OUTREACH PROGRAMS.

    Expenses $2,712,948

  • ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF DEVELOPING, PROVIDING AND ADVANCING GENOMIC MEDICINE PROGRAMS.

    Expenses $4,405,791

  • ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF CREATING ECONOMIC GROWTH IN BIOTECHNOLOGY RELATED FIELDS

    Expenses $6,592,024

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Myers

    CHIEF SCIENT

    Total calculated
    $690,325
    From this org
    $660,725
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $660,725
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,600
    Nontaxable benefits
    not reported
    Filer's total
    $690,325

  • Gregory Barsh

    PRINCIPAL IN

    Total calculated
    $377,703
    From this org
    $348,103
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,103
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,600
    Nontaxable benefits
    not reported
    Filer's total
    $377,703

  • Neil Lamb

    PRESIDENT

    Total calculated
    $372,635
    From this org
    $343,035
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,035
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,600
    Nontaxable benefits
    not reported
    Filer's total
    $372,635

  • Jeremy Schmutz

    PRINCIPAL IN

    Total calculated
    $335,398
    From this org
    $305,798
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,798
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,600
    Nontaxable benefits
    not reported
    Filer's total
    $335,398

  • Carter Wells

    VP ECON DEVE

    Total calculated
    $321,200
    From this org
    $309,000
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,200
    Nontaxable benefits
    not reported
    Filer's total
    $321,200

  • Jane Grimwood

    PRINCIPAL IN

    Total calculated
    $309,754
    From this org
    $282,027
    From related orgs
    $0
    Other
    $27,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,027
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,727
    Nontaxable benefits
    not reported
    Filer's total
    $309,754

  • Danny Windham

    COO

    Total calculated
    $288,157
    From this org
    $277,074
    From related orgs
    $0
    Other
    $11,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,074
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,083
    Nontaxable benefits
    not reported
    Filer's total
    $288,157

  • Gregory Cooper

    PRINCIPAL IN

    Total calculated
    $238,245
    From this org
    $216,855
    From related orgs
    $0
    Other
    $21,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,855
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,390
    Nontaxable benefits
    not reported
    Filer's total
    $238,245

  • Ghunwa Nakouzi

    CLINICAL LAB

    Total calculated
    $234,044
    From this org
    $225,042
    From related orgs
    $0
    Other
    $9,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,042
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,002
    Nontaxable benefits
    not reported
    Filer's total
    $234,044

  • Peter Yanul

    CFO

    Total calculated
    $234,040
    From this org
    $225,039
    From related orgs
    $0
    Other
    $9,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,039
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,001
    Nontaxable benefits
    not reported
    Filer's total
    $234,040

  • Sara Cooper

    PRINCIPAL IN

    Total calculated
    $228,779
    From this org
    $208,238
    From related orgs
    $0
    Other
    $20,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,238
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,541
    Nontaxable benefits
    not reported
    Filer's total
    $228,779

  • Gregg Tyree

    DIR/OPERATIO

    Total calculated
    $202,624
    From this org
    $194,831
    From related orgs
    $0
    Other
    $7,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,831
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,793
    Nontaxable benefits
    not reported
    Filer's total
    $202,624

  • Joseph S Newberry

    SOFTWARE ENG

    Total calculated
    $188,892
    From this org
    $181,627
    From related orgs
    $0
    Other
    $7,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,627
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,265
    Nontaxable benefits
    not reported
    Filer's total
    $188,892

  • Kelly M East

    VP EDUCATION

    Total calculated
    $185,466
    From this org
    $178,333
    From related orgs
    $0
    Other
    $7,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,333
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,133
    Nontaxable benefits
    not reported
    Filer's total
    $185,466

  • Kankshita Swaminathan

    PRINCIPAL IN

    Total calculated
    $182,022
    From this org
    $165,528
    From related orgs
    $0
    Other
    $16,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,528
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,494
    Nontaxable benefits
    not reported
    Filer's total
    $182,022

  • Jian Han

    PRINCIPAL IN

    Total calculated
    $178,989
    From this org
    $161,762
    From related orgs
    $0
    Other
    $17,227
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,762
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,227
    Nontaxable benefits
    not reported
    Filer's total
    $178,989

  • Michael Speigle

    CONTROLLER

    Total calculated
    $176,800
    From this org
    $170,000
    From related orgs
    $0
    Other
    $6,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,800
    Nontaxable benefits
    not reported
    Filer's total
    $176,800

  • Josh Clevenger

    PRINCIPAL IN

    Total calculated
    $176,636
    From this org
    $160,748
    From related orgs
    $0
    Other
    $15,888
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,748
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,888
    Nontaxable benefits
    not reported
    Filer's total
    $176,636

  • Scott W Couch

    NETWORK OPS

    Total calculated
    $176,606
    From this org
    $169,813
    From related orgs
    $0
    Other
    $6,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,813
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,793
    Nontaxable benefits
    not reported
    Filer's total
    $176,606

  • Florencia Behn

    RESEARCH AFF

    Total calculated
    $168,560
    From this org
    $162,077
    From related orgs
    $0
    Other
    $6,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,077
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,483
    Nontaxable benefits
    not reported
    Filer's total
    $168,560

  • Amit Arora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Barbara Fisk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Paul Gierow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • J Milton Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • James R Hudson Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Samuel P McManus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Brian Pollock

    CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Linda Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Irma Tuder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • John R Wynn

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

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
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • HUDSONALPHA CLINICAL SERVICES LAB

    SERVICES · AL · income $1,213,588 · assets $18,674

    Directly controlled by HAIB

  • SMITH FAMILY CLINIC FOR GEOMIC MEDICINE LLC

    SERVICES · AL · income $72,412 · assets $54,376

    Directly controlled by HAIB

  • HUDSONALPHA HEALTH ALLIANCE LLC

    SERVICES · AL · income $250,798

    Directly controlled by HAIB

  • TESTING FOR AMERICA LLC

    SERVICES · AL · assets $101,811

    Directly controlled by HAIB

  • HUDSONALPHA INSTITUTE ACCELERATOR

    SERVICES · AL

    Directly controlled by HAIB

Related corporations and trusts

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

  • HUDSONALPHA SERVICES CORPORATION

    C CORP · LEASING · AL · share of assets $5,457

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303189349315725

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