Totals
- Total revenue
- $9,725,625
- Total expenses
- $9,573,724
- Contributions and grants received
- $8,132,794
- Grants paid
- $9,360,267
- Program service revenue
- $0
- Investment income
- $1,592,831
- Other revenue
- $0
- Total assets, end of year
- $64,365,192
- Total liabilities, end of year
- $470,522
- Net assets or fund balances, end of year
- $63,894,670
- Program services expenses (Part IX)
- $9,360,267
- Management and general expenses
- $213,457
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,360,267
Program services were 97.8% 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.
-
1c · Fundraising events
$354,251
-
1f · All other contributions, gifts and grants
$7,778,543
-
1g · Noncash contributions included above
$158,894
-
3 · Investment income
total $1,605,603 · excluded $1,605,603
-
7a · Gross sales of assets other than inventory
securities $2,471,671
-
7b · Less cost or other basis and sales expenses
securities $2,484,443
-
7c · Gain or loss
securities -$12,772
-
7d · Net gain or loss
total -$12,772 · excluded -$12,772
-
8a · Fundraising events: contributions included on line 1c
$354,251
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $9,360,267 · program services $9,360,267
-
11b · Fees: legal
total $3,000 · management and general $3,000
-
11f · Fees: investment management
total $197,153 · management and general $197,153
-
24a · Other expenses: BANK FEES
total $13,304 · management and general $13,304
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $12,360,764 · end of year $13,910,650
-
3 · Pledges and grants receivable
beginning of year $3,300,047 · end of year $1,823,225
-
11 · Investments: publicly traded securities
beginning of year $42,000,765 · end of year $48,056,726
-
12 · Investments: other securities
beginning of year $486,755 · end of year $486,755
-
15 · Other assets
beginning of year $78,131 · end of year $87,836
-
25 · Other liabilities
end of year $470,522
-
27 · Net assets without donor restrictions
beginning of year $11,126,981 · end of year $16,990,470
-
28 · Net assets with donor restrictions
beginning of year $47,099,481 · end of year $46,904,200
Mission and programs · 2023
Mission
HUDSONALPHA FOUNDATION WAS FORMED TO DEVELOP PLANS TO ENSURE THE SUCCESS OF HUDSONALPHA INSTITUTE FOR BIOTECHNOLOGY.
-
TO PROVIDE SUPPORT FOR AND ADVANCE THE CHARITABLE PURPOSES OF THE HUDSONALPHA INSTITUTE FOR BIOTECHNOLOGY (THE "SUPPORTED ORGANIZATION") THROUGH DISTRIBUTIONS FROM THE FOUNDATION ASSETS.
Expenses $9,360,267 · Grants $9,360,267
As filed on the 2023 return.
Listed in Part VII
-
Marc BendicksonMARC BENDICKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Bobby BradleyBOBBY BRADLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.2
-
Susan McMillian CampbellSUSAN MCMILLIAN CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Mike DemaioribusMIKE DEMAIORIBUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Barbara M FiskBARBARA M FISK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
Hank IsenbergHANK ISENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
George JonesGEORGE JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Robert KeyROBERT KEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Peter LowePETER LOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
David LucasDAVID LUCAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Foster McDonaldFOSTER MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Taylor PursellTAYLOR PURSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Emily Key RobertsonEMILY KEY ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Chris RussellCHRIS RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Gary SalibaGARY SALIBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
John ShieldsJOHN SHIELDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Karen ThomasKAREN THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Allen Beard YoungALLEN BEARD YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.2
-
Chris MatlCHRIS MATL
VICE PRESIDE
- Total calculated
- $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.
Grants on this return
-
HUDSONALPHA INSTITUTE FOR BIOTECH
$9,360,267
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.
-
HUDSONALPHA INSTITUTE FOR BIOTECHN
501C3 · RESEARCH · AL
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 FOUNDATION REAL PROPERTY LLC
RE HOLDING · AL
Directly controlled by HAF
-
HUDSONALPHA FOUNDATION ACCEL ACCELERATOR LLC
NONPROFIT · AL
Directly controlled by HAF
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443209349301139
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