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Nonprofiteer
← HUDSON-ALPHA INSTITUTE FOR BIOTECHNOLOGY

Form 990 for tax year 2023

Filed by HUDSON-ALPHA INSTITUTE FOR BIOTECHNOLOGY.

Totals

Total revenue
$61,674,062
Total expenses
$60,303,724
Contributions and grants received
$53,238,765
Grants paid
$0
Program service revenue
$1,949,775
Investment income
$870,289
Other revenue
$5,615,233
Total assets, end of year
$220,821,713
Total liabilities, end of year
$30,890,101
Net assets or fund balances, end of year
$189,931,612
Program services expenses (Part IX)
$43,839,119
Management and general expenses
$15,555,206
Fundraising expenses
$909,399
Program service expenses (Part III)
$43,839,119

Program services were 72.7% 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

    $9,360,267

  • 1e · Government grants (contributions)

    $32,796,646

  • 1f · All other contributions, gifts and grants

    $11,081,852

  • 2a · Program service revenue: SERVICE REVENUE

    total $1,949,775 · related or exempt $1,949,775

  • 3 · Investment income

    total $500,243 · excluded $500,243

  • 5 · Royalties

    total $16,839 · excluded $16,839

  • 6a · Gross rents

    real property $4,626,952

  • 6c · Rental income or loss

    real property $4,626,952

  • 6d · Net rental income or loss

    total $4,626,952 · excluded $4,626,952

  • 7a · Gross sales of assets other than inventory

    securities $895,611

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

    securities $525,565

  • 7c · Gain or loss

    securities $370,046

  • 7d · Net gain or loss

    total $370,046 · related or exempt $370,046

  • 11a · Other revenue: OTHER INCOME

    total $753,242 · related or exempt $753,242

  • 11b · Other revenue: EVENT REGISTRATION

    total $113,001 · related or exempt $113,001

  • 11c · Other revenue: SPONSORSHIP REVENUE

    total $105,199 · related or exempt $105,199

  • 11e · Other revenue, total

    $971,442

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $6,251,264 · program services $1,581,096 · management and general $4,670,168

  • 7 · Other salaries and wages

    total $1,080,247 · program services $392,592 · management and general $241,694 · fundraising $445,961

  • 8 · Pension plan contributions

    total $871,370 · program services $613,980 · management and general $239,398 · fundraising $17,992

  • 9 · Other employee benefits

    total $2,673,716 · program services $1,753,836 · management and general $825,253 · fundraising $94,627

  • 10 · Payroll taxes

    total $1,228,501 · program services $783,314 · management and general $412,254 · fundraising $32,933

  • 11b · Fees: legal

    total $428,428 · program services $4,325 · management and general $424,103

  • 11c · Fees: accounting

    total $149,218 · management and general $149,218

  • 11d · Fees: lobbying

    total $235,500 · program services $234,000 · management and general $1,500

  • 11f · Fees: investment management

    total $22,423 · program services $22,423

  • 11g · Fees: other

    total $34,520 · program services $24,646 · management and general $9,874

  • 12 · Advertising and promotion

    total $54,052 · program services $32,219 · management and general $18,378 · fundraising $3,455

  • 13 · Office expenses

    total $613,826 · program services $476,825 · management and general $107,436 · fundraising $29,565

  • 14 · Information technology

    total $1,822,438 · program services $52,809 · management and general $1,769,629

  • 16 · Occupancy

    total $9,792,852 · program services $8,357,395 · management and general $1,404,905 · fundraising $30,552

  • 17 · Travel

    total $142,959 · program services $57,420 · management and general $83,441 · fundraising $2,098

  • 20 · Interest

    total $856,364 · management and general $856,364

  • 22 · Depreciation, depletion and amortization

    total $1,345,397 · program services $426,447 · management and general $916,365 · fundraising $2,585

  • 23 · Insurance

    total $306,551 · program services $67,438 · management and general $239,113

  • 24a · Other expenses: DIRECT EXPENDITURES

    total $29,357,151 · program services $28,374,662 · management and general $949,789 · fundraising $32,700

  • 24b · Other expenses: OUTSIDE SERVICES

    total $913,832 · program services $125,117 · management and general $713,202 · fundraising $75,513

  • 24c · Other expenses: CONTRACT LABOR

    total $840,109 · program services $292,244 · management and general $542,690 · fundraising $5,175

  • 24d · Other expenses: MAINTENANCE

    total $724,538 · program services $28,177 · management and general $685,103 · fundraising $11,258

  • 24e · All other expenses

    total $558,468 · program services $138,154 · management and general $295,329 · fundraising $124,985

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,441,674 · end of year $8,108,327

  • 2 · Savings and temporary cash investments

    beginning of year $15,353,819 · end of year $4,123,701

  • 3 · Pledges and grants receivable

    beginning of year $18,490,777 · end of year $16,525,906

  • 4 · Accounts receivable

    beginning of year $3,313,369 · end of year $1,192,319

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,176,571 · end of year $1,492,212

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

    $189,490,630

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

    $55,245,795

  • 10c · Land, buildings and equipment, net

    beginning of year $132,826,841 · end of year $134,244,835

  • 11 · Investments: publicly traded securities

    beginning of year $2,498,197 · end of year $2,813,025

  • 12 · Investments: other securities

    beginning of year $48,919,556 · end of year $50,778,173

  • 14 · Intangible assets

    beginning of year $486,239 · end of year $563,821

  • 15 · Other assets

    beginning of year $1,742,439 · end of year $979,394

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,029,929 · end of year $3,176,582

  • 19 · Deferred revenue

    beginning of year $1,887,122 · end of year $1,534,856

  • 25 · Other liabilities

    beginning of year $30,264,401 · end of year $26,178,663

  • 27 · Net assets without donor restrictions

    beginning of year $177,277,090 · end of year $188,897,808

  • 28 · Net assets with donor restrictions

    beginning of year $9,790,940 · end of year $1,033,804

Mission and programs · 2023

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 $30,230,688

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

    Expenses $2,695,156

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

    Expenses $2,416,069

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

    Expenses $8,497,206

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Myers

    CHIEF SCIENT

    Total calculated
    $682,225
    From this org
    $652,625
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $652,625
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,600
    Nontaxable benefits
    not reported
    Filer's total
    $682,225

  • Neil Lamb

    PRESIDENT

    Total calculated
    $419,600
    From this org
    $390,000
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $390,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,600
    Nontaxable benefits
    not reported
    Filer's total
    $419,600

  • Jeremy Schmutz

    PRINCIPAL IN

    Total calculated
    $344,572
    From this org
    $314,972
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,972
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,600
    Nontaxable benefits
    not reported
    Filer's total
    $344,572

  • Carter Wells

    VP ECON DEVE

    Total calculated
    $332,741
    From this org
    $320,541
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,541
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,200
    Nontaxable benefits
    not reported
    Filer's total
    $332,741

  • Jane Grimwood

    PRINCIPAL IN

    Total calculated
    $318,214
    From this org
    $290,487
    From related orgs
    $0
    Other
    $27,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,487
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,727
    Nontaxable benefits
    not reported
    Filer's total
    $318,214

  • Gregory Barsh

    PRINCIPAL IN

    Total calculated
    $292,701
    From this org
    $263,101
    From related orgs
    $0
    Other
    $29,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,101
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,600
    Nontaxable benefits
    not reported
    Filer's total
    $292,701

  • Danny Windham

    COO

    Total calculated
    $278,080
    From this org
    $266,997
    From related orgs
    $0
    Other
    $11,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,997
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,083
    Nontaxable benefits
    not reported
    Filer's total
    $278,080

  • Gregory Cooper

    PRINCIPAL IN

    Total calculated
    $249,813
    From this org
    $228,423
    From related orgs
    $0
    Other
    $21,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,423
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,390
    Nontaxable benefits
    not reported
    Filer's total
    $249,813

  • Ghunwa Nakouzi

    CLINICAL LAB

    Total calculated
    $240,002
    From this org
    $231,000
    From related orgs
    $0
    Other
    $9,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,002
    Nontaxable benefits
    not reported
    Filer's total
    $240,002

  • Peter Yanul

    CFO

    Total calculated
    $236,618
    From this org
    $227,617
    From related orgs
    $0
    Other
    $9,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,617
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,001
    Nontaxable benefits
    not reported
    Filer's total
    $236,618

  • Sara Cooper

    PRINCIPAL IN

    Total calculated
    $233,345
    From this org
    $212,804
    From related orgs
    $0
    Other
    $20,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,804
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,541
    Nontaxable benefits
    not reported
    Filer's total
    $233,345

  • Kelly M East

    VP EDUCATION

    Total calculated
    $212,425
    From this org
    $205,292
    From related orgs
    $0
    Other
    $7,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,292
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,133
    Nontaxable benefits
    not reported
    Filer's total
    $212,425

  • Gregg Tyree

    DIR/OPERATIO

    Total calculated
    $205,749
    From this org
    $197,956
    From related orgs
    $0
    Other
    $7,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,956
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,793
    Nontaxable benefits
    not reported
    Filer's total
    $205,749

  • Joseph S Newberry

    SOFTWARE ENG

    Total calculated
    $192,036
    From this org
    $184,771
    From related orgs
    $0
    Other
    $7,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,771
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,265
    Nontaxable benefits
    not reported
    Filer's total
    $192,036

  • Josh Clevenger

    PRINCIPAL IN

    Total calculated
    $191,125
    From this org
    $175,237
    From related orgs
    $0
    Other
    $15,888
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,237
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,888
    Nontaxable benefits
    not reported
    Filer's total
    $191,125

  • Kankshita Swaminathan

    FACULTY INVE

    Total calculated
    $185,652
    From this org
    $169,158
    From related orgs
    $0
    Other
    $16,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,158
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,494
    Nontaxable benefits
    not reported
    Filer's total
    $185,652

  • Jerry W Jenkins

    GENOME ANALY

    Total calculated
    $179,854
    From this org
    $173,261
    From related orgs
    $0
    Other
    $6,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,261
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,593
    Nontaxable benefits
    not reported
    Filer's total
    $179,854

  • Scott W Couch

    NETWORK OPS

    Total calculated
    $179,546
    From this org
    $172,753
    From related orgs
    $0
    Other
    $6,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,753
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,793
    Nontaxable benefits
    not reported
    Filer's total
    $179,546

  • Dave Flowers

    BIOLOGIST

    Total calculated
    $175,143
    From this org
    $168,550
    From related orgs
    $0
    Other
    $6,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,550
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,593
    Nontaxable benefits
    not reported
    Filer's total
    $175,143

  • Florencia Behn

    RESEARCH AFF

    Total calculated
    $172,917
    From this org
    $166,434
    From related orgs
    $0
    Other
    $6,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,434
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,483
    Nontaxable benefits
    not reported
    Filer's total
    $172,917

  • Jesse Nick Cochran

    FACULTY INVE

    Total calculated
    $166,897
    From this org
    $154,343
    From related orgs
    $0
    Other
    $12,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,343
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,554
    Nontaxable benefits
    not reported
    Filer's total
    $166,897

  • Scott A Cechovic

    NETWORK OPS

    Total calculated
    $166,679
    From this org
    $160,953
    From related orgs
    $0
    Other
    $5,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,953
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,726
    Nontaxable benefits
    not reported
    Filer's total
    $166,679

  • Richard J Johnson

    SYSTEM ARCHI

    Total calculated
    $163,167
    From this org
    $157,105
    From related orgs
    $0
    Other
    $6,062
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,105
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,062
    Nontaxable benefits
    not reported
    Filer's total
    $163,167

  • Michael J Frizzell

    COMP. STRUCT

    Total calculated
    $163,018
    From this org
    $156,954
    From related orgs
    $0
    Other
    $6,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,954
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,064
    Nontaxable benefits
    not reported
    Filer's total
    $163,018

  • Michael B Bryan

    COMPLIANCE O

    Total calculated
    $158,621
    From this org
    $152,587
    From related orgs
    $0
    Other
    $6,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,587
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,034
    Nontaxable benefits
    not reported
    Filer's total
    $158,621

  • Alex E Harkess

    FACULTY INVE

    Total calculated
    $157,144
    From this org
    $155,104
    From related orgs
    $0
    Other
    $2,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,104
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,040
    Nontaxable benefits
    not reported
    Filer's total
    $157,144

  • Scott Ross

    DIRECTOR OF

    Total calculated
    $157,139
    From this org
    $151,246
    From related orgs
    $0
    Other
    $5,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,246
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,893
    Nontaxable benefits
    not reported
    Filer's total
    $157,139

  • Ming Y Tsai

    BIOLOGIST

    Total calculated
    $156,899
    From this org
    $150,993
    From related orgs
    $0
    Other
    $5,906
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,993
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,906
    Nontaxable benefits
    not reported
    Filer's total
    $156,899

  • 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

  • Bill Roark

    DIRECTOR

    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

  • Chris Matl

    CFO

    Total calculated
    $0

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 · 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 $513,639 · assets $16,676

    Directly controlled by HAIB

  • SMITH FAMILY CLINIC FOR GEOMIC MEDICINE LLC

    SERVICES · AL · income $69,985 · assets $14,189

    Directly controlled by HAIB

  • HUDSONALPHA HEALTH ALLIANCE LLC

    SERVICES · AL · income $300

    Directly controlled by HAIB

  • TESTING FOR AMERICA LLC

    SERVICES · AL

    Directly controlled by HAIB

  • HUDSONALPHA INSTITUTE ACCELERATOR

    SERVICES · AL · assets $1,966,923

    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 $10,382

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202403209349303385

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