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← REGENSTRIEF INSTITUTE INC

Form 990 for tax year 2023

Filed by REGENSTRIEF INSTITUTE INC.

Totals

Total revenue
$24,674,727
Total expenses
$27,964,931
Contributions and grants received
$18,813,221
Grants paid
$46,087
Program service revenue
$5,136,813
Investment income
$724,693
Other revenue
$0
Total assets, end of year
$47,658,973
Total liabilities, end of year
$12,081,958
Net assets or fund balances, end of year
$35,577,015
Program services expenses (Part IX)
$20,024,615
Management and general expenses
$7,940,316
Fundraising expenses
$0
Program service expenses (Part III)
$20,024,615

Program services were 71.6% 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.

  • 1e · Government grants (contributions)

    $15,709,712

  • 1f · All other contributions, gifts and grants

    $3,103,509

  • 2a · Program service revenue: Contract Research & License

    total $5,036,096 · related or exempt $5,036,096

  • 2b · Program service revenue: Other Program Income

    total $100,717 · related or exempt $100,717

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $724,693 · unrelated business $68,933 · excluded $655,760

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $46,087 · program services $46,087

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $772,428 · program services $253,366 · management and general $519,062 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $12,225,422 · program services $8,604,005 · management and general $3,621,417 · fundraising $0

  • 8 · Pension plan contributions

    total $754,875 · program services $603,587 · management and general $151,288 · fundraising $0

  • 9 · Other employee benefits

    total $2,216,420 · program services $1,772,218 · management and general $444,202 · fundraising $0

  • 10 · Payroll taxes

    total $939,232 · program services $750,996 · management and general $188,236 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $84,441 · program services $27,569 · management and general $56,872 · fundraising $0

  • 11c · Fees: accounting

    total $61,116 · management and general $61,116

  • 11f · Fees: investment management

    total $60,951 · management and general $60,951

  • 11g · Fees: other

    total $6,383,147 · program services $5,344,828 · management and general $1,038,319 · fundraising $0

  • 12 · Advertising and promotion

    total $11,425 · program services $5,415 · management and general $6,010

  • 13 · Office expenses

    total $396,018 · program services $168,392 · management and general $227,626

  • 14 · Information technology

    total $997,789 · program services $556,220 · management and general $441,569

  • 16 · Occupancy

    total $68,970 · program services $53,620 · management and general $15,350

  • 17 · Travel

    total $625,265 · program services $595,645 · management and general $29,620

  • 19 · Conferences, conventions and meetings

    total $76,051 · program services $74,335 · management and general $1,716

  • 20 · Interest

    total $328,153 · program services $0 · management and general $328,153

  • 22 · Depreciation, depletion and amortization

    total $710,298 · program services $586,705 · management and general $123,593

  • 23 · Insurance

    total $158,534 · management and general $158,534

  • 24a · Other expenses: Patient Incentive

    total $159,484 · program services $159,484

  • 24b · Other expenses: Maintenance & Repairs

    total $425,533 · program services $5,958 · management and general $419,575

  • 24c · Other expenses: Miscellaneous

    total $463,292 · program services $416,185 · management and general $47,107

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,821,465 · end of year $2,541,446

  • 3 · Pledges and grants receivable

    beginning of year $8,542,328 · end of year $3,715,848

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $417,748 · end of year $225,841

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

    $20,768,867

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

    $9,263,751

  • 10c · Land, buildings and equipment, net

    beginning of year $12,052,608 · end of year $11,505,116

  • 11 · Investments: publicly traded securities

    beginning of year $26,880,734 · end of year $29,670,722

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,570,228 · end of year $2,582,936

  • 19 · Deferred revenue

    beginning of year $262,429 · end of year $571,761

  • 20 · Tax-exempt bond liabilities

    beginning of year $9,249,936 · end of year $8,927,261

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $24,674,164 · end of year $24,247,039

  • 28 · Net assets with donor restrictions

    beginning of year $12,958,126 · end of year $11,329,976

Mission and programs · 2023

Mission

To improve health through research that enhances the quality and cost-effectiveness of health care, by functioning as a healthcare laboratory and community of scholars.

Activities or mission (Part I)

Develop, conduct and disseminate impactful scientific research in health systems and across communities.

  • Regenstrief Data Services - Leverage Regenstrief Institutes data and informatics assets to support the pursuit of innovative healthcare solutions. Provide data and expertise to those seeking answers to important scientific questions in all stages of development, from study design to algorithm validation to implementation.

    Expenses $7,194,030 · Revenue $2,416,693

  • Center for Biomedical Informatics - Improving healthcare through informatics. Develop and apply health information technology solutions to generate knowledge about health, disease and treatment, help clinicians make optimal decisions, empower patients, and inform healthcare policy.

    Expenses $7,041,950 · Revenue $855,126

  • Center for Aging Research - Develop, test, and implement innovative strategies to improve the quality and efficiency of healthcare and self-care for medically and socially vulnerable older adults. Explore new models of care for late life depression, dementia, delirium and other common geriatric syndromes. Subject descriptive clinical and demographic data; ability to study clinical outcomes and guidance in regard to data security.

    Expenses $3,035,878 · Revenue $142,447

  • Center for Health Services Research - Improve the delivery and outcome of healthcare through innovative use of health informative, technically, and transdisciplinary research across multitude of settings.

    Expenses $2,752,757 · Revenue $682,547

  • IU Institute Support & IU Share Support

    Revenue $540,170

  • Miscellaneous Revenue

    Revenue $499,830

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

Listed in Part VII

  • Craig Brater MD

    Board Member, Chair

    Total calculated
    $0
    Hours/week
    2

  • Patricia Martin MBA

    Board Member, Treasurer

    Total calculated
    $0
    Hours/week
    2

  • TATIANA FOROUD PhD MS

    Board Member, Vice Chair

    Total calculated
    $512,379
    From this org
    $0
    From related orgs
    $512,379
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $512,379 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $512,379 related

  • Benjamin Mansalis MD

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • Claire Fiddian-Green MBA

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jay L Hess MD PhD Mhsa

    Board Member

    Total calculated
    $1,221,571
    From this org
    $0
    From related orgs
    $834,557
    Other
    $387,014
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $613,400 related
    Bonus
    $0 + $221,157 related
    Other
    $0
    Deferred
    $0 + $364,557 related
    Nontaxable benefits
    $0 + $22,457 related
    Filer's total
    $0 + $1,221,571 related

  • John P Kansky Mse MBA

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Lisa E Harris MD

    Board Member

    Total calculated
    $626,400
    From this org
    $0
    From related orgs
    $569,201
    Other
    $57,199
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,201 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $57,199 related
    Filer's total
    $0 + $626,400 related

  • PHAEDRA CORSO PhD

    Board Member

    Total calculated
    $309,248
    From this org
    $0
    From related orgs
    $272,805
    Other
    $36,443
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,805 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,667 related
    Nontaxable benefits
    $0 + $9,776 related
    Filer's total
    $0 + $309,248 related

  • Sarah Wiehe MD MPH

    Board Member

    Total calculated
    $96,545
    From this org
    $0
    From related orgs
    $96,545
    Other
    $0
    Hours/week
    2 + 40 related

  • Virginia Caine MD

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • JOYCE HERTKO PhD MS

    COO, Secretary

    Total calculated
    $294,256
    From this org
    $248,066
    From related orgs
    $0
    Other
    $46,190
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,066
    Bonus
    $20,000
    Other
    $0
    Deferred
    $21,960
    Nontaxable benefits
    $24,230
    Filer's total
    $294,256

  • Karen Crow CPA Cgma

    CFO

    Total calculated
    $224,806
    From this org
    $204,980
    From related orgs
    $0
    Other
    $19,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,980
    Bonus
    $0
    Other
    $0
    Deferred
    $7,270
    Nontaxable benefits
    $12,556
    Filer's total
    $224,806

  • RACHEL PATZER PhD MPH

    President & CEO

    Total calculated
    $287,975
    From this org
    $0
    From related orgs
    $287,975
    Other
    $0
    Hours/week
    26 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,975 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $287,975 related

  • Marjorie Rallins

    Executive Director, HDS

    Total calculated
    $253,366
    From this org
    $238,138
    From related orgs
    $0
    Other
    $15,228
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,638
    Bonus
    $17,500
    Other
    $0
    Deferred
    $1,800
    Nontaxable benefits
    $13,428
    Filer's total
    $253,366

  • Anthony French

    Director, IT Infrastructure and Information Security Officer

    Total calculated
    $143,166
    From this org
    $143,166
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • David Taylor

    Systems Engineer

    Total calculated
    $144,127
    From this org
    $144,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Eza Hafeza

    Director of Terminology Services and Operations

    Total calculated
    $223,531
    From this org
    $180,642
    From related orgs
    $0
    Other
    $42,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,642
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $20,389
    Filer's total
    $223,531

  • Patrick O'Connell

    Director of Finance

    Total calculated
    $139,845
    From this org
    $139,845
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Thomas Feeney

    Database Administrator

    Total calculated
    $135,492
    From this org
    $135,492
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The compensation for the CEO is determined by the related organization Indiana University.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 April 2025
IRS schema version
2023v6.0
Source object
202501009349301775

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

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