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Nonprofiteer
← THE STANLEY MEDICAL RESEARCH INSTITUTE

Form 990 for tax year 2024

Filed by THE STANLEY MEDICAL RESEARCH INSTITUTE.

Totals

Total revenue
$6,297,768
Total expenses
$6,719,202
Contributions and grants received
$16,010
Grants paid
$4,664,456
Program service revenue
$0
Investment income
$6,278,668
Other revenue
$3,090
Total assets, end of year
$93,256,062
Total liabilities, end of year
$190,970
Net assets or fund balances, end of year
$93,065,092
Program services expenses (Part IX)
$6,312,523
Management and general expenses
$406,679
Fundraising expenses
$0
Program service expenses (Part III)
$6,312,523

Program services were 93.9% 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.

  • 1f · All other contributions, gifts and grants

    $16,010

  • 3 · Investment income

    total $1,779,179 · excluded $1,779,179

  • 7a · Gross sales of assets other than inventory

    securities $6,550,000

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

    securities $2,050,511

  • 7c · Gain or loss

    securities $4,499,489

  • 7d · Net gain or loss

    total $4,499,489 · excluded $4,499,489

  • 11a · Other revenue: GRANT REFUNDS

    total $3,090 · excluded $3,090

  • 11e · Other revenue, total

    $3,090

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,844,217 · program services $3,844,217

  • 3 · Grants to foreign organizations and individuals

    total $820,239 · program services $820,239

  • 5 · Compensation of officers, directors and key employees

    total $342,938 · program services $249,146 · management and general $93,792

  • 7 · Other salaries and wages

    total $560,398 · program services $419,403 · management and general $140,995

  • 8 · Pension plan contributions

    total $35,113 · program services $28,050 · management and general $7,063

  • 9 · Other employee benefits

    total $42,829 · program services $32,465 · management and general $10,364

  • 10 · Payroll taxes

    total $63,942 · program services $46,555 · management and general $17,387

  • 11c · Fees: accounting

    total $40,080 · management and general $40,080

  • 11g · Fees: other

    total $316,435 · program services $316,435

  • 13 · Office expenses

    total $26,011 · program services $16,799 · management and general $9,212

  • 14 · Information technology

    total $5,225 · program services $5,225

  • 16 · Occupancy

    total $432,595 · program services $432,595

  • 17 · Travel

    total $7,983 · program services $7,983

  • 19 · Conferences, conventions and meetings

    total $1,730 · program services $1,730

  • 22 · Depreciation, depletion and amortization

    total $25,471 · program services $8,429 · management and general $17,042

  • 23 · Insurance

    total $38,283 · management and general $38,283

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $35,709 · program services $35,709

  • 24b · Other expenses: RESEARCH SUPPLIES

    total $29,362 · program services $29,362

  • 24c · Other expenses: SERVICE FEES

    total $19,959 · program services $2,397 · management and general $17,562

  • 24d · Other expenses: EQUIPMENT

    total $18,578 · program services $4,617 · management and general $13,961

  • 24e · All other expenses

    total $12,105 · program services $11,167 · management and general $938

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $765,500 · end of year $677,024

  • 2 · Savings and temporary cash investments

    beginning of year $52,661,146 · end of year $52,124,700

  • 4 · Accounts receivable

    beginning of year $28,917

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,307 · end of year $74,524

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

    $2,628,977

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

    $2,544,223

  • 10c · Land, buildings and equipment, net

    beginning of year $36,975 · end of year $84,754

  • 11 · Investments: publicly traded securities

    beginning of year $30,718,309 · end of year $38,715,943

  • 12 · Investments: other securities

    beginning of year $1,431,471 · end of year $1,576,584

  • 14 · Intangible assets

    beginning of year $7,599 · end of year $2,533

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,675 · end of year $45,366

  • 25 · Other liabilities

    beginning of year $193,657 · end of year $145,604

  • 27 · Net assets without donor restrictions

    beginning of year $85,488,892 · end of year $93,065,092

Mission and programs · 2024

Mission

TO FIND THE CAUSE(S) OF AND BETTER PHARMACOLOGICAL TREATMENTS FOR SCHIZOPHRENIA AND BIPOLAR DISORDER.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • INFECTIOUS AND NEUROVIROLOGY: SMRI IS THE MAJOR RESEARCH INSTITUTION IN THE WORLD FOCUSING ON INFECTIOUS AGENTS AS A POSSIBLE CAUSE OF SCHIZOPHRENIA AND BIPOLAR DISORDER. THE CENTER FOR THIS RESEARCH IS THE STANLEY LABORATORY OF DEVELOPMENTAL NEUROVIROLOGY AT JOHNS HOPKINS UNIVERSITY IN BALTIMORE. THIS LABORATORY WORKS CLOSELY WITH SMRI-FUNDED RESEARCHERS AT SEVERAL OTHER INSTITUTIONS. THE MAIN TARGETS OF THIS RESEARCH ARE TOXOPLASMA GONDII, THE HERPES FAMILY OF VIRUSES, AND ENDOGENOUS RETROVIRUSES.

    Expenses $3,214,780 · Grants $3,103,505

  • TREATMENT TRIALS: DURING 2024, SMRI SUPPORTED 20 TRIALS FOR THE TREATMENT OF SCHIZOPHRENIA OR BIPOLAR DISORDER. MOST OF THESE WERE DRUGS THAT ARE AVAILABLE TO TREAT OTHER CONDITIONS AND FOR WHICH THERE WAS REASON TO BELIEVE THEY MIGHT ALSO BE EFFECTIVE FOR PSYCHIATRIC DISORDERS. IN ALMOST ALL CASES, PHARMACEUTICAL COMPANIES ARE UNLIKELY TO SUPPORT SUCH TRIALS BECAUSE THE DRUG IS ALREADY GENERIC OR CANNOT BE PATENTED. SMRI IS SUPPORTING MORE SUCH TREATMENT TRIALS THAN ANY OTHER ORGANIZATION IN THE WORLD.

    Expenses $1,522,170 · Grants $1,461,946

  • NEUROPATHOLOGY: BRAIN TISSUE REPOSITORY AND NEUROPATHOLOGY LABORATORY: STORES AND PROCESSES POSTMORTEM BRAIN TISSUE, LIVER, SPLEEN, SERUM AND CSF FROM PEOPLE WITH SCHIZOPHRENIA, BIPOLAR DISORDER, MAJOR DEPRESSION AND FROM NORMAL CONTROL SUBJECTS. SAMPLES ARE MADE AVAILABLE TO SCIENTISTS AROUND THE WORLD. ALL RESEARCH DATA COLLECTED ON THE SPECIMENS IS RETURNED TO THE SMRI PUBLICALLY AVAILABLE WEB-BASED INTERACTIVE NEUROPATHOLOGY DATABASE FOR FURTHER ANALYSIS.

    Expenses $1,476,568

  • TREATMENT ADVOCACY CENTER

    Expenses $99,005 · Grants $99,005

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Maree J Webster See Sched L

    EXECUTIVE DIRECTOR

    Total calculated
    $278,759
    From this org
    $247,855
    From related orgs
    $0
    Other
    $30,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,855
    Bonus
    $0
    Other
    $0
    Deferred
    $16,435
    Nontaxable benefits
    $14,469
    Filer's total
    $278,759

  • Robert Yolken See Sched O

    TRUSTEE

    Total calculated
    $36,000
    From this org
    $36,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 0.1 related

  • E Fuller Torrey See Sched O

    ASSOCIATE DIRECTOR FOR REA

    Total calculated
    $28,179
    From this org
    $24,616
    From related orgs
    $0
    Other
    $3,563
    Hours/week
    24 + 10 related

  • Barbara Torrey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Jonathan Stanley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Michael Knable See Sched L

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • Steven Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Sanghyeon Kim

    ASSOC. DIR. OF DATABASE MG

    Total calculated
    $177,820
    From this org
    $124,030
    From related orgs
    $0
    Other
    $53,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,030
    Bonus
    $0
    Other
    $0
    Deferred
    $9,100
    Nontaxable benefits
    $44,690
    Filer's total
    $177,820

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 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

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

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
10 November 2025
IRS schema version
2024v5.2
Source object
202533149349303078

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

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