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← BUCK INSTITUTE FOR RESEARCH ON AGING

Form 990 for tax year 2023

Filed by BUCK INSTITUTE FOR RESEARCH ON AGING.

Totals

Total revenue
$69,534,711
Total expenses
$61,305,077
Contributions and grants received
$68,752,195
Grants paid
$4,028,587
Program service revenue
$981,318
Investment income
$415,527
Other revenue
-$614,329
Total assets, end of year
$140,312,200
Total liabilities, end of year
$129,260,796
Net assets or fund balances, end of year
$11,051,404
Program services expenses (Part IX)
$44,902,199
Management and general expenses
$14,672,228
Fundraising expenses
$1,730,650
Program service expenses (Part III)
$44,902,199

Program services were 73.2% 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)

    $26,067,936

  • 1f · All other contributions, gifts and grants

    $42,684,259

  • 1g · Noncash contributions included above

    $12,931

  • 2a · Program service revenue: CONTRACT SERVICES

    total $966,443 · related or exempt $136,568 · unrelated business $829,875

  • 2b · Program service revenue: REGISTRATION FEES

    total $14,875 · related or exempt $14,875

  • 3 · Investment income

    total $464,908 · excluded $464,908

  • 5 · Royalties

    total $84,753 · excluded $84,753

  • 6a · Gross rents

    real property $2,178,557 · personal property $21,507

  • 6b · Less rental expenses

    real property $3,256,325 · personal property $0

  • 6c · Rental income or loss

    real property -$1,077,768 · personal property $21,507

  • 6d · Net rental income or loss

    total -$1,056,261 · unrelated business -$1,056,261

  • 7a · Gross sales of assets other than inventory

    securities $813,634 · other assets $550

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

    securities $837,430 · other assets $26,135

  • 7c · Gain or loss

    securities -$23,796 · other assets -$25,585

  • 7d · Net gain or loss

    total -$49,381 · excluded -$49,381

  • 11a · Other revenue: OTHER INCOME

    total $357,179 · excluded $357,179

  • 11e · Other revenue, total

    $357,179

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,839,884 · program services $2,839,884

  • 2 · Grants to domestic individuals

    total $788,703 · program services $788,703

  • 3 · Grants to foreign organizations and individuals

    total $400,000 · program services $400,000

  • 5 · Compensation of officers, directors and key employees

    total $1,608,632 · program services $253,257 · management and general $1,270,956 · fundraising $84,419

  • 7 · Other salaries and wages

    total $22,794,952 · program services $14,931,670 · management and general $7,172,507 · fundraising $690,775

  • 8 · Pension plan contributions

    total $1,969,461 · program services $1,375,209 · management and general $525,636 · fundraising $68,616

  • 9 · Other employee benefits

    total $2,770,268 · program services $1,663,982 · management and general $1,014,043 · fundraising $92,243

  • 10 · Payroll taxes

    total $1,648,630 · program services $1,094,605 · management and general $496,505 · fundraising $57,520

  • 11b · Fees: legal

    total $266,143 · management and general $266,143

  • 11c · Fees: accounting

    total $105,990 · management and general $105,990

  • 11g · Fees: other

    total $1,590,076 · program services $781,085 · management and general $582,013 · fundraising $226,978

  • 12 · Advertising and promotion

    total $11,592 · program services $9,027 · management and general $1,283 · fundraising $1,282

  • 13 · Office expenses

    total $1,252,223 · program services $681,484 · management and general $497,409 · fundraising $73,330

  • 14 · Information technology

    total $606,725 · program services $136,835 · management and general $464,542 · fundraising $5,348

  • 15 · Royalties

    total $7,550 · program services $4,005 · management and general $3,545

  • 16 · Occupancy

    total $8,370,190 · program services $7,057,459 · management and general $1,036,552 · fundraising $276,179

  • 17 · Travel

    total $939,782 · program services $576,320 · management and general $340,021 · fundraising $23,441

  • 20 · Interest

    total $5,773 · management and general $5,773

  • 22 · Depreciation, depletion and amortization

    total $5,855,774 · program services $5,010,635 · management and general $742,829 · fundraising $102,310

  • 23 · Insurance

    total $28,169 · program services $24,325 · management and general $3,030 · fundraising $814

  • 24a · Other expenses: RESEARCH SUPPLIES

    total $4,104,131 · program services $4,104,131

  • 24b · Other expenses: SUBCONTRACTOR EXPENSES

    total $2,114,953 · program services $2,114,953

  • 24c · Other expenses: EQUIP RENTAL AND MAINT

    total $779,398 · program services $779,398

  • 24d · Other expenses: ALL OTHER EXPENSES

    total $436,078 · program services $275,232 · management and general $133,451 · fundraising $27,395

  • 24e · All other expenses

    total $10,000 · management and general $10,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,746,551 · end of year $522,461

  • 2 · Savings and temporary cash investments

    beginning of year $26,226,887 · end of year $19,203,582

  • 3 · Pledges and grants receivable

    beginning of year $7,241,275 · end of year $21,509,413

  • 4 · Accounts receivable

    beginning of year $340,869 · end of year $332,127

  • 7 · Other notes and loans receivable

    beginning of year $465,102 · end of year $598,556

  • 9 · Prepaid expenses and deferred charges

    beginning of year $203,898 · end of year $211,602

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

    $184,539,623

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

    $98,510,405

  • 10c · Land, buildings and equipment, net

    beginning of year $85,619,553 · end of year $86,029,218

  • 11 · Investments: publicly traded securities

    beginning of year $5,644,894 · end of year $4,858,391

  • 12 · Investments: other securities

    beginning of year $92,614 · end of year $92,614

  • 15 · Other assets

    beginning of year $6,953,288 · end of year $6,954,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,534,808 · end of year $4,886,123

  • 19 · Deferred revenue

    beginning of year $4,372,330 · end of year $4,353,860

  • 23 · Secured mortgages and notes payable

    beginning of year $122,039,825 · end of year $120,020,813

  • 27 · Net assets without donor restrictions

    beginning of year -$9,071,391 · end of year -$16,677,243

  • 28 · Net assets with donor restrictions

    beginning of year $10,659,359 · end of year $27,728,647

Mission and programs · 2023

Mission

TO INCREASE THE HEALTHY, PRODUCTIVE YEARS OF LIFE THROUGH BASIC BIOMEDICAL RESEARCH ON AGING AND AGE-RELATED DISEASES.

Activities or mission (Part I)

BUCK INSTITUTE FOR RESEARCH ON AGING IS DEDICATED TO IMPROVING THE HEALTH SPAN OF INDIVIDUALS.

  • THE BUCK INSTITUTE FOR RESEARCH ON AGING (THE "INSTITUTE") IS A NONPROFIT CHARITABLE ENTITY. THE MISSION OF THE INSTITUTE IS TO INCREASE THE HEALTHY PRODUCTIVE YEARS OF LIFE THROUGH BASIC BIOMEDICAL RESEARCH ON AGING AND ITS CONNECTION TO CHRONIC CONDITIONS COMMONLY ASSOCIATED WITH OLD AGE. THE INSTITUTE'S RESEARCH PROGRAMS ADDRESS TWO FUNDAMENTAL QUESTIONS:WHAT IS THE NATURE OF AGING?WHAT FACTORS TRIGGER DISEASES ASSOCIATED WITH AGE?ESTABLISHED AS AN INDEPENDENT, NOT-FOR-PROFIT RESEARCH CENTER, THE INSTITUTE OPENED IN 1999 AND CURRENTLY HOUSES THE LABORATORIES OF PRINCIPAL INVESTIGATORS RECRUITED FOR LEADERSHIP IN THEIR RESPECTIVE FIELDS OF RESEARCH.

    Expenses $44,902,199 · Grants $4,028,587 · Revenue $151,443

As filed on the 2023 return.

Listed in Part VII

  • MATT P CARBONE

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • BLAIR LACORTE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JIM HENRY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SARAH MARSEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM A BARNES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD DICK BODMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM BUZZITTA MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOROTHEA M DUTTON CFA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LIZELLEN LA FOLLETTE MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANISYA FRITZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID GENSLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL GHILOTTI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LYDIA GRAHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANE INCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN M JACK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JILL KINNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDA MAYNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AFAF MELEIS PHD FAAN LL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM MELLON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILL R POLAND

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • STEVEN READ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • E LEW REID

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT ROSENKRANZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JACK ROWE MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THEO TAFT SCHWABACHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LILIAN SHACKELFORD MURRAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RONA SILKISS MD FACS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FREDRIC E STECK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD STONE CLU CFP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL VERKUIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WELLS WHITNEY SCD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOON YUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIC VERDIN

    PRESIDENT & CEO

    Total calculated
    $845,957
    From this org
    $803,549
    From related orgs
    $0
    Other
    $42,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $803,549
    Bonus
    $0
    Other
    $0
    Deferred
    $41,490
    Nontaxable benefits
    $918
    Filer's total
    $845,957

  • NANCY DERR

    VP, FINANCE & CFO

    Total calculated
    $406,149
    From this org
    $344,792
    From related orgs
    $0
    Other
    $61,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,792
    Bonus
    $0
    Other
    $0
    Deferred
    $41,490
    Nontaxable benefits
    $19,867
    Filer's total
    $406,149

  • MEAGAN MOORE

    CHIEF OPERATING OFFICER

    Total calculated
    $323,348
    From this org
    $280,182
    From related orgs
    $0
    Other
    $43,166
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,182
    Bonus
    $0
    Other
    $0
    Deferred
    $34,611
    Nontaxable benefits
    $8,555
    Filer's total
    $323,348

  • ROBIN SNYDER

    VP, COMMUNICATIONS

    Total calculated
    $418,937
    From this org
    $346,119
    From related orgs
    $0
    Other
    $72,818
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,119
    Bonus
    $0
    Other
    $0
    Deferred
    $41,490
    Nontaxable benefits
    $31,328
    Filer's total
    $418,937

  • BRIAN VAN WEELE

    CHIEF OFFICER, INSTITUTIONAL ADVANCE

    Total calculated
    $384,333
    From this org
    $341,148
    From related orgs
    $0
    Other
    $43,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,148
    Bonus
    $0
    Other
    $0
    Deferred
    $41,490
    Nontaxable benefits
    $1,695
    Filer's total
    $384,333

  • MALENE HANSEN

    CHIEF SCIENTIFIC OFFICER

    Total calculated
    $373,149
    From this org
    $321,136
    From related orgs
    $0
    Other
    $52,013
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $321,136
    Bonus
    $0
    Other
    $0
    Deferred
    $40,303
    Nontaxable benefits
    $11,710
    Filer's total
    $373,149

  • GORDON LITHGOW

    PROFESSOR

    Total calculated
    $318,578
    From this org
    $276,041
    From related orgs
    $0
    Other
    $42,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,041
    Bonus
    $0
    Other
    $0
    Deferred
    $33,330
    Nontaxable benefits
    $9,207
    Filer's total
    $318,578

  • DAVID FURMAN

    ASSOCIATE PROFESSOR

    Total calculated
    $320,137
    From this org
    $262,757
    From related orgs
    $0
    Other
    $57,380
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,757
    Bonus
    $0
    Other
    $0
    Deferred
    $25,980
    Nontaxable benefits
    $31,400
    Filer's total
    $320,137

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 committee
  • 3 · Written employment contract
  • 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 3
BUCK REVIEWS CEO COMPENSATION FROM OTHER ORGANIZATIONS, PRIMARILY OTHER RESEARCH INSTITUTES THROUGH THE ASSOCIATION OF INDEPENDENT RESEARCH INSTITUTES. THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES CEO SALARY BASED ON THE INFORMATION PROVIDED.

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.

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.

Related corporations and trusts

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

  • 3 CHARITABLE REMAINDER TRUSTS

    INVESTMENTS · CA

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202521139349302102

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