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Nonprofiteer
← TERMEER INSTITUTE INC

Form 990 for tax year 2025

Filed by TERMEER INSTITUTE INC.

Totals

Total revenue
$2,105,285
Total expenses
$2,276,741
Contributions and grants received
$2,060,221
Grants paid
$39,902
Program service revenue
$0
Investment income
$45,064
Other revenue
$0
Total assets, end of year
$1,840,279
Total liabilities, end of year
$194,614
Net assets or fund balances, end of year
$1,645,665
Program services expenses (Part IX)
$1,481,766
Management and general expenses
$392,264
Fundraising expenses
$402,711
Program service expenses (Part III)
$1,481,766

Program services were 65.1% 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.

  • 1f · All other contributions, gifts and grants

    $2,060,221

  • 3 · Investment income

    total $45,064 · excluded $45,064

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,000 · program services $19,000

  • 2 · Grants to domestic individuals

    total $20,902 · program services $20,902

  • 5 · Compensation of officers, directors and key employees

    total $372,268 · program services $260,587 · management and general $37,227 · fundraising $74,454

  • 7 · Other salaries and wages

    total $682,415 · program services $459,047 · management and general $33,793 · fundraising $189,575

  • 8 · Pension plan contributions

    total $32,222 · program services $21,659 · management and general $1,586 · fundraising $8,977

  • 9 · Other employee benefits

    total $105,169 · program services $65,647 · management and general $10,992 · fundraising $28,530

  • 10 · Payroll taxes

    total $66,480 · program services $46,353 · management and general $4,573 · fundraising $15,554

  • 11b · Fees: legal

    total $13,445 · management and general $13,445

  • 11c · Fees: accounting

    total $71,170 · management and general $71,170

  • 11e · Fees: professional fundraising services

    total $4,200 · fundraising $4,200

  • 11g · Fees: other

    total $357,279 · program services $184,751 · management and general $138,308 · fundraising $34,220

  • 13 · Office expenses

    total $28,465 · program services $6,992 · management and general $21,473

  • 14 · Information technology

    total $11,427 · program services $1,142 · management and general $6,385 · fundraising $3,900

  • 16 · Occupancy

    total $157,063 · program services $103,623 · management and general $13,819 · fundraising $39,621

  • 17 · Travel

    total $51,455 · program services $29,221 · management and general $22,234

  • 19 · Conferences, conventions and meetings

    total $274,407 · program services $262,842 · management and general $7,885 · fundraising $3,680

  • 22 · Depreciation, depletion and amortization

    total $9,374 · management and general $9,374

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $299,059 · end of year $283,153

  • 2 · Savings and temporary cash investments

    beginning of year $1,534,065 · end of year $1,367,727

  • 4 · Accounts receivable

    beginning of year $42,500 · end of year $91,086

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $19,500 · end of year $13,500

  • 15 · Other assets

    beginning of year $225,429 · end of year $84,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,850 · end of year $108,007

  • 25 · Other liabilities

    beginning of year $228,582 · end of year $86,607

  • 27 · Net assets without donor restrictions

    beginning of year $1,817,121 · end of year $1,645,665

Mission and programs · 2025

Mission

THE TERMEER INSTITUTE IS A CATALYST FOR INNOVATION THAT BRINGS LIFE-CHANGING TREATMENTS TO PATIENTS WORLDWIDE. WE SUPPORT AND EMPOWER BRILLIANT LIFE SCIENCE LEADERS TO ADVANCE GROUNDBREAKING, PATIENT-CENTERED SOLUTIONS.

Activities or mission (Part I)

THE TERMEER INSTITUTE IS A CATALYST FOR INNOVATION THAT BRINGS LIFE-CHANGING TREATMENTS TO PATIENTS WORLDWIDE BY EMPOWERING THE NEXT GENERATION OF GLOBAL LIFE SCIENCE LEADERS. WE ADDRESS A CRITICAL GAP IN THE INDUSTRYTHE HUMAN VARIABLEBY CULTIVATING AND PROVIDING TAILORED SUPPORT TO A DIVERSE COMMUNITY OF LIFE SCIENCE INNOVATORS AND VISIONARIES DEDICATED TO IMPROVING PATIENT LIVES AND TACKLING THE WORLD'S MOST PRESSING HEALTHCARE CHALLENGES. OUR VALUES-DRIVEN PROGRAMMING ENRICHES THE CORE ATTRIBUTES ESSENTIAL FOR TRANSFORMATIVE INNOVATION: RESPONSIBILITY, PASSION, CREATIVITY, HUMILITY, AND CONNECTIVITY. OUR PROGRAMS NURTURE TALENT ACROSS ALL CAREER STAGESFROM EMERGING PIONEERS TO ESTABLISHED EXPERTSSPANNING INDUSTRY AND ACADEMIA.

  • TO DATE, OVER 100 LEADERS FROM NINE COUNTRIES AND SIX STATES HAVE BENEFITTED FROM THE TERMEER INSTITUTE'S GROWING LEADERSHIP PROGRAMS. WE HAVE ALSO EXPANDED OUR NETWORK TO INCLUDE TERMEER SCHOLARS, ACADEMIC AND NON-PROFIT LEADERS SEEKING TO SCALE AND DISSEMINATE THEIR KNOWLEDGE TO IMPACT PATIENTS. IN 2025, WE ADDED NINE NEW SCHOLARS TO OUR NETWORK FOR A TOTAL OF 14 TERMEER SCHOLARS ACROSS THE US AND AFRICA. IN 2025, WE UPDATED THE SCHOLARS PROGRAM TO A COHORT MODEL TO FOCUS ON LEADERSHIP AND RESEARCH TRANSLATION SKILL DEVELOPMENT, IN REPONSE TO FEEDBACK FROM PRIOR YEAR SCHOLARS. IN 2025, THE TERMEER INSTITUTE TEAM CONTINUED TO BUILD ITS VALUES-BASED LEADERSHIP MODEL- DELIVERING 25 LEARNING SESSIONS, AWARDING 20 MICRO GRANTS FOR PROFESSIONAL LEADERSHIP DEVELOPMENT, PROVIDING 150 1:1 COACHING HOURS WITH CONSULTANTS AND EXECUTIVE COACHES, CREATING 200+ MENTORING AND ADVISING RELATIONSHIPS WITHIN THE TERMEER NETWORK, PROVIDING 100 HOURS OF VALUES-DRIVEN LEADERSHIP PROGRAMMING, AND ORGANIZING OVER 15 IN-PERSON NETWORKING OPPORTUNITIES TO CREATE CONNECTIONS. THE TERMEER INSTITUTE IS COMMITTED TO ENSURING THE INCLUSIVENESS OF ITS NETWORK, PARTICULARLY IN RECOGNITION OF THE UNDERREPRESENTATION OF WOMEN, PEOPLE WITH DISABILITIES, LGBTQIA+ AND BLACK, BROWN AND INDIGENOUS PEOPLE OF COLOR AT THE EXECUTIVE LEVEL WITHIN THE BIOPHARMACEUTICAL INDUSTRY.

    Expenses $1,481,766 · Grants $39,902

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Belinda Termeer

    PRESIDENT, SECRETARY, CO-FOUNDER

    Total calculated
    $0
    Hours/week
    0.5
  • Alan Walts

    TREASURER, CO-FOUNDER

    Total calculated
    $0
    Hours/week
    0.5
  • Deborah Dunsire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Geoff McDonough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Paul Hastings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Daniel De Boer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • John Maraganore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joan Reede

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Alice Pomponio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Gail Maderis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Catharine Smith

    CEO

    Total calculated
    $372,268
    From this org
    $338,830
    From related orgs
    $0
    Other
    $33,438
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,318
    Bonus
    $56,512
    Other
    $0
    Deferred
    $15,780
    Nontaxable benefits
    $17,658
    Filer's total
    $372,268
  • Christine Cole

    SENIOR DIRECTOR, PHILANTHROPY

    Total calculated
    $272,621
    From this org
    $234,939
    From related orgs
    $0
    Other
    $37,682
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,633
    Bonus
    $4,306
    Other
    $0
    Deferred
    $11,086
    Nontaxable benefits
    $26,596
    Filer's total
    $272,621
  • Erica Mawby-Roche

    SENIOR DIRECTOR OF PROGRAM

    Total calculated
    $198,729
    From this org
    $168,561
    From related orgs
    $0
    Other
    $30,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,801
    Bonus
    $1,760
    Other
    $0
    Deferred
    $10,120
    Nontaxable benefits
    $20,048
    Filer's total
    $198,729

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 · Written employment contract
  • 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

Provenance

Return type
form_990
Tax year
2025
Filed
12 May 2026
IRS schema version
2025v4.1
Source object
202611329349301711

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