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← MORGRIDGE INSTITUTE FOR RESEARCHINC

Form 990 for tax year 2023

Filed by MORGRIDGE INSTITUTE FOR RESEARCHINC.

Totals

Total revenue
$33,569,331
Total expenses
$32,259,175
Contributions and grants received
$33,528,597
Grants paid
$1,519,557
Program service revenue
$68,461
Investment income
-$183,099
Other revenue
$155,372
Total assets, end of year
$88,421,400
Total liabilities, end of year
$56,047,569
Net assets or fund balances, end of year
$32,373,831
Program services expenses (Part IX)
$21,497,809
Management and general expenses
$9,595,249
Fundraising expenses
$1,166,117
Program service expenses (Part III)
$21,497,809

Program services were 66.6% 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

    $25,098,141

  • 1e · Government grants (contributions)

    $6,827,656

  • 1f · All other contributions, gifts and grants

    $1,602,800

  • 2a · Program service revenue: METABOLISM

    total $68,461 · related or exempt $68,461

  • 3 · Investment income

    total $45 · excluded $45

  • 6a · Gross rents

    real property $155,372

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $155,372

  • 6d · Net rental income or loss

    total $155,372 · excluded $155,372

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

    other assets $183,144

  • 7c · Gain or loss

    other assets -$183,144

  • 7d · Net gain or loss

    total -$183,144 · excluded -$183,144

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,519,557 · program services $1,519,557

  • 5 · Compensation of officers, directors and key employees

    total $3,104,850 · program services $832,679 · management and general $1,925,386 · fundraising $346,785

  • 7 · Other salaries and wages

    total $9,807,018 · program services $6,994,569 · management and general $2,465,554 · fundraising $346,895

  • 8 · Pension plan contributions

    total $1,258,913 · program services $780,526 · management and general $415,441 · fundraising $62,946

  • 9 · Other employee benefits

    total $2,338,292 · program services $1,314,083 · management and general $896,677 · fundraising $127,532

  • 10 · Payroll taxes

    total $894,366 · program services $554,507 · management and general $295,141 · fundraising $44,718

  • 11b · Fees: legal

    total $106,192 · management and general $106,192

  • 11c · Fees: accounting

    total $225,304 · management and general $225,304

  • 11g · Fees: other

    total $3,102,276 · program services $2,617,156 · management and general $484,576 · fundraising $544

  • 12 · Advertising and promotion

    total $193,898 · program services $55,954 · management and general $131,724 · fundraising $6,220

  • 13 · Office expenses

    total $1,153,236 · program services $782,831 · management and general $351,055 · fundraising $19,350

  • 14 · Information technology

    total $403,189 · program services $70,308 · management and general $317,938 · fundraising $14,943

  • 16 · Occupancy

    total $5,198,485 · program services $3,679,085 · management and general $1,322,176 · fundraising $197,224

  • 17 · Travel

    total $706,709 · program services $462,438 · management and general $231,392 · fundraising $12,879

  • 19 · Conferences, conventions and meetings

    total $234,171 · program services $107,107 · management and general $124,802 · fundraising $2,262

  • 22 · Depreciation, depletion and amortization

    total $1,219,195 · program services $1,156,929 · management and general $54,362 · fundraising $7,904

  • 23 · Insurance

    total $147,521 · program services $101,789 · management and general $39,831 · fundraising $5,901

  • 24a · Other expenses: LAB SUPPLIES

    total $385,697 · program services $371,075 · management and general $14,622

  • 24b · Other expenses: MEALS & ENTERTAINMENT

    total $161,082 · program services $90,086 · management and general $61,778 · fundraising $9,218

  • 24c · Other expenses: PROFESSIONAL DUES AND F

    total $47,652 · program services $7,032 · management and general $39,280 · fundraising $1,340

  • 24d · Other expenses: DEVEL EDUCATION & TRAIN

    total $12,561 · program services $739 · management and general $11,372 · fundraising $450

  • 24e · All other expenses

    total $39,011 · program services -$641 · management and general $80,646 · fundraising -$40,994

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,198,398 · end of year $4,133,876

  • 4 · Accounts receivable

    beginning of year $854,656 · end of year $1,309,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $186,719 · end of year $194,182

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

    $16,340,075

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

    $11,196,580

  • 10c · Land, buildings and equipment, net

    beginning of year $4,945,735 · end of year $5,143,495

  • 15 · Other assets

    beginning of year $77,891,791 · end of year $77,640,447

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,184,755 · end of year $4,024,134

  • 19 · Deferred revenue

    beginning of year $3,094,320 · end of year $3,337,885

  • 25 · Other liabilities

    beginning of year $49,453,433 · end of year $48,685,550

  • 27 · Net assets without donor restrictions

    beginning of year $30,195,888 · end of year $32,264,887

  • 28 · Net assets with donor restrictions

    beginning of year $148,903 · end of year $108,944

Mission and programs · 2023

Mission

OUR MISSION IS TO IMPROVE HUMAN HEALTH BY CONDUCTING, ENABLING AND TRANSLATING INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN-MADISON AND OTHERS, BY LEVERAGING OUR COLLECTIVE STRENGTH IN RESEARCH AND EDUCATION.OUR VISION IS TO SOLVE MAJOR CHALLENGES TO HUMAN HEALTH BY SERVING AS AN INTERDISCIPLINARY RESEARCH CENTER AND COLLABORATIVE HUB THAT ENABLES INVESTIGATORS TO ADDRESS AND ANSWER FUNDAMENTAL BIOMEDICAL QUESTIONS.WE ENVISION USING OUR PRIVATE STATUS AND STREAMLINED ORGANIZATIONAL STRUCTURE TO RESPOND NIMBLY TO EMERGING OPPORTUNITIES. IN PARTNERSHIP WITH AN OUTSTANDING PUBLIC RESEARCH UNIVERSITY WE WILL SYNERGISTICALLY ENHANCE OUR COLLECTIVE STRENGTHS.THROUGH COMMUNITY ENGAGEMENT WE WILL PROMOTE BETTER UNDERSTANDING OF THE HEALTH BENEFITS OF BIOMEDICAL RESEARCH.

Activities or mission (Part I)

RESEARCH INSTITUTE TO SUPPORT MEDICAL RESEARCH AND EDUCATION AT THE UNIVERSITY OF WISCONSIN-MADISON IN CONJUNCTION WITH THE UNIVERSITY OF WISCONSIN HOSPITALS AND CLINICS AUTHORITY. THE PRIMARY PURPOSES FOR THE INSTITUTE ARE AS FOLLOWS:1) COLLABORATION - SPARK RESEARCH COLLABORATIONS ACROSS THE SCIENCES AND THE UW-HOSPITAL THAT ACCELERATE BREAKTHROUGH DISCOVERIES TO IMPROVE HUMAN HEALTH.2) INTERACTION - FOSTER INTERACTION BETWEEN PUBLIC AND PRIVATE RESEARCH THAT BREAKS DOWN BARRIERS BETWEEN RESEARCHERS, LABS AND SCIENTIFIC DISCIPLINES.

  • BIOMEDICAL IMAGING: ADVANCING TECHNOLOGIES TO BETTER DIAGNOSE, TREAT AND PREVENT DISEASE- TRANSIENT LIGHTING FOR SURGERY: DEVELOPMENT OF A RAPID-SWITCH LIGHTING SYSTEM THAT PROVIDES FULL LIGHT IN THE OPERATING ROOM, WHILE PROTECTING LIGHT-SENSITIVE FLUORESCENCE IMAGES OF USE TO SURGEONS.- BETTER CT IMAGES: DEVELOPING A MULTI-SOURCE X-RAY TUBE FOR COMPUTED TOMOGRAPHY (CT) - ONE OF THE MOST WIDELY USED TOOLS TO IMAGE DISEASE - TO ENABLE FASTER IMAGING, DOSE REDUCTION, AND IMPROVED IMAGE QUALITY.- IMPROVED BREAST CANCER TRACKING: CREATING AN IMAGING SYSTEM TO TRACK BREAST CANCER BASED ON ALIGNMENT OF COLLAGEN FIBERS, WHICH ARE BIOMARKERS FOR BREAST CANCER METASTASIS.

    Expenses $6,114,487 · Grants $125,270

  • REGENERATIVE BIOLOGY: UNDERSTANDING AND DIRECTING CELLULAR FATES TO IMPROVE HEALTH- CREATE PHYSIOLOGICALLY STABLE, SAFE AND FUNCTIONAL CELLS TO BETTER UNDERSTAND THE HUMAN BODY.- APPLY KNOWLEDGE ABOUT CELLULAR GENERATION FOR APPLICATION IN PREVENTION AND TREATMENT OF DEGENERATIVE DISEASES.- APPLY KNOWLEDGE TO DEVELOP AND TAILOR DRUGS FOR SPECIFIC NEEDS.

    Expenses $4,143,059

  • VIROLOGY: UNLOCKING THE SECRETS OF VIRUS-HOST INTERACTIONS TO BETTER PROTECT HUMAN HEALTH- ADVANCE PRACTICAL UNDERSTANDING, PREVENTION AND TREATMENT OF VIRUSES AND THEIR DISEASES.- ENHANCE UNDERSTANDING OF THE BIOLOGY OF HEALTHY CELLS AND TISSUES.- DEVELOP NEW TOOLS DERIVED FROM VIRUSES FOR USE IN BIOTECHNOLOGY, NANOTECHNOLOGY AND MEDICINE.

    Expenses $3,512,225 · Grants $186,312

  • RESEARCH COMPUTING: EXPENDING COMPUTING POWER TO ADDRESS NEW QUESTIONS IN BIOLOGY- DEVELOP A CYBER-INFRASTRUCTURE THAT PROVIDES HIGH THROUGHPUT COMPUTING AND FOSTERS COLLABORATIVE WORK WITH THE MEDICAL SCIENCE PARTNERS.- DEVELOP SOFTWARE ASSURANCE MARKETPLACE THAT AIDS OPEN SOURCE SOFTWARE DEVELOPERS AND SOFTWARE ASSURANCE TOOLS THAT DEVELOPERS CAN CREATE A MORE SECURE CYBERINFRASTRUCTURE BY OFFERING THE CAPACITY NEEDED TO CONTINUOUSLY TEST AND "REBUILD" THE CODE UNDERLYING CRITICAL INFRASTRUCTURE APPLICATIONS.

    Expenses $2,608,288 · Grants $115,773

  • GENERAL SCIENCE:- BIOETHICS: ADDRESSING EMERGING ETHICAL ISSUES AND BUILDING A CULTURE OF RESPONSIBLE SCIENCE.- HEMOSTASIS: INITIATION AND REGULATION OF PROTEASE CASCADES, WHICH GOVERN A VARIETY OF ESSENTIAL PHYSIOLOGICAL PROCESSES FROM BLOOD CLOTTING TO MECHANISMS OF CELL DEATH.

    Expenses $2,346,605 · Grants $1,001,459

  • METABOLISM:- ELUCIDATING THE CHEMISTRY OF LIFE AND ITS DISRUPTION IN HUMAN DISEASE- MITOCHONDRIA AND DISEASE: UNLOCKING FUNCTION OF THE MITOCHONDRIA, OR "CELLULAR POWERHOUSE," TO UNDERSTAND ITS ROLE IN MORE THAN 150 DISEASES, INCLUDING PARKINSON'S, DIABETES, AND CANCER.- ORPHAN PROTEINS: ESTABLISHING A RESEARCH PLATFORM TO STUDY THE MORE THAN 100 PROTEINS - NEARLY ONE-QUARTER OF THE MAMMALIAN MITOCHONDRIAL PROTEOME - THAT HAVE A YET UNDISCOVERED BIOCHEMICAL FUNCTION.- COENZYME Q: INTEGRATING VARIOUS BIOCHEMICAL, GENETIC AND STRUCTURAL BIOLOGY APPROACHES TO FURTHER ELUCIDATE THE STEPS OF COENZYME Q, WHOSE DEFICIENCY IS ASSOCIATED WITH MULTIPLE HUMAN DISEASES.

    Expenses $2,054,089 · Grants $42,297 · Revenue $68,461

  • COMMUNITY ENGAGEMENT: - ENGAGE THE COMMUNITY IN SCIENCE EDUCATION.

    Expenses $719,056 · Grants $48,446

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

Listed in Part VII

  • Erik Iverson

    TRUSTEE

    Total calculated
    $948,458
    From this org
    $15,000
    From related orgs
    $762,445
    Other
    $171,013
    Hours/week
    4 + 40.25 related

    Schedule J breakdown matched by us

    Base
    $15,000 + $542,155 related
    Bonus
    $0 + $220,290 related
    Other
    $0
    Deferred
    $0 + $120,736 related
    Nontaxable benefits
    $0 + $50,277 related
    Filer's total
    $15,000 + $933,458 related

  • Brad Schwartz

    CEO/TRUSTEE

    Total calculated
    $572,235
    From this org
    $521,700
    From related orgs
    $0
    Other
    $50,535
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $451,863
    Bonus
    $69,837
    Other
    $0
    Deferred
    $34,248
    Nontaxable benefits
    $16,287
    Filer's total
    $572,235

  • Deborah Keller

    TRUSTEE

    Total calculated
    $42,000
    From this org
    $15,000
    From related orgs
    $27,000
    Other
    $0
    Hours/week
    2 + 2.25 related

  • Winslow L Sargeant

    TRUSTEE

    Total calculated
    $42,000
    From this org
    $15,000
    From related orgs
    $27,000
    Other
    $0
    Hours/week
    2 + 2.25 related

  • Patricia Lipton

    TRUSTEE

    Total calculated
    $39,000
    From this org
    $15,000
    From related orgs
    $24,000
    Other
    $0
    Hours/week
    2 + 3.25 related

  • Jacquelyn Fredrick

    TRUSTEE/CHAIR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • Mary Burke

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • Harvey Cohen

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • James Dahlberg

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • John Neis

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • John Burris

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • Thomas Pyle Jr

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • Thomas Krummel

    TRUSTEE (UNTIL 2/2024)

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • Tess Morgridge Gardner

    TRUSTEE

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • Eric Morgridge

    TRUSTEE

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • Fred Robertson

    TRUSTEE/VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.25 related

  • John Morgridge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.25 related

  • Tashia Morgridge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.25 related

  • Kathi Stanek

    CFO/COO/TREASURER

    Total calculated
    $388,492
    From this org
    $339,900
    From related orgs
    $0
    Other
    $48,592
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $339,900
    Bonus
    $0
    Other
    $0
    Deferred
    $24,848
    Nontaxable benefits
    $23,744
    Filer's total
    $388,492

  • Brian Mattmiller

    CHIEF COMMUNICATIONS OFF./SECRETARY

    Total calculated
    $266,092
    From this org
    $218,247
    From related orgs
    $0
    Other
    $47,845
    Hours/week
    40 + 0.25 related

    Schedule J breakdown matched by us

    Base
    $218,247
    Bonus
    $0
    Other
    $0
    Deferred
    $24,101
    Nontaxable benefits
    $23,744
    Filer's total
    $266,092

  • William Swisher Jr

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $346,785
    From this org
    $291,508
    From related orgs
    $0
    Other
    $55,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,508
    Bonus
    $0
    Other
    $0
    Deferred
    $30,674
    Nontaxable benefits
    $24,603
    Filer's total
    $346,785

  • Melissa Skala

    LEAD INVESTIGATOR

    Total calculated
    $326,634
    From this org
    $274,579
    From related orgs
    $0
    Other
    $52,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,579
    Bonus
    $0
    Other
    $0
    Deferred
    $28,311
    Nontaxable benefits
    $23,744
    Filer's total
    $326,634

  • Paul Ahlquist

    LEAD INVESTIGATOR

    Total calculated
    $269,591
    From this org
    $221,504
    From related orgs
    $0
    Other
    $48,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,504
    Bonus
    $0
    Other
    $0
    Deferred
    $24,343
    Nontaxable benefits
    $23,744
    Filer's total
    $269,591

  • Ronald Stewart

    ASSOCIATE DIRECTOR - BIOIN

    Total calculated
    $237,853
    From this org
    $201,577
    From related orgs
    $0
    Other
    $36,276
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,577
    Bonus
    $0
    Other
    $0
    Deferred
    $19,890
    Nontaxable benefits
    $16,386
    Filer's total
    $237,853

  • Jill Walder

    DIRECTOR OF HUMAN RESOURCE

    Total calculated
    $218,575
    From this org
    $175,321
    From related orgs
    $0
    Other
    $43,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,321
    Bonus
    $0
    Other
    $0
    Deferred
    $19,510
    Nontaxable benefits
    $23,744
    Filer's total
    $218,575

  • Doug Eklund

    CONTROLLER

    Total calculated
    $213,592
    From this org
    $182,489
    From related orgs
    $0
    Other
    $31,103
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,489
    Bonus
    $0
    Other
    $0
    Deferred
    $14,717
    Nontaxable benefits
    $16,386
    Filer's total
    $213,592

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
THE FOLLOWING INDIVIDUAL PARTICIPATES IN A 457(F) PLAN AND THE AMOUNT IS THE CONTRIBUTION TO THE PLAN DURING 2023: ERIK IVERSON: $55,844

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

  • UNIVERSITY OF WISCONSIN - MADISON

    $1,519,557

    TO SUPPORT ONGOING RESEARCH AND EDUCATION.

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
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423199349308112

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