EIN 26-3428781

The Broad Institute

Name: The Broad Institute financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(2)

Num. employees

2,729

City

Cambridge

State

Massachusetts

Year formed

2008

Most recent tax filings

2023-06-01

NTEE code, primary

H90: Medical Specialty Research

Description

The mission of The Broad Institute is to propel progress in biomedicine, through research aimed at The understanding and treatment of disease and The dissemination of scientific knowledge to The scientific community to benefit The public. The Institute's mission is to propel progress in biomedicine through research aimed at The understanding and treatment of disease, and The dissemination of scientific knowledge for The public good.

Total revenues

$860,350,571

2023

Total expenses

$730,483,898

2023

Total assets

$2,674,332,180

2023

Num. employees

2,729

2023

Grants made by The Broad Institute

Grantee	Grant description	Grant year	Amount
Harvard University	Program Support	2023-06	$15,530,321
Partners Healthcare System	Program Support	2023-06	$13,099,014
Dana-Farber Cancer Institute	Program Support	2023-06	$3,914,462
...and 65 more grants made totalling $57,824,458

Who funds The Broad Institute

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Stanley Family Foundation	2022-12	To Support Psychiatric Medical Research	$60,150,000
Schwab Charitable Fund	2023-06	Health	$34,017,080
National Philanthropic Trust	2023-06	Health	$10,075,772
...and 89 more grants received totalling $183,054,664

Personnel at The Broad Institute

Name	Title	Compensation	Date of data
Eric Lander	FMR Director , President and Chief Executive Officer / President and Founding Director / President and Director / Director , President and Chief Executive Officer	$1,407,291	2022-06-30
Dan Shore	Chief Operating Officer and Treasurer	$440,845	2024-05-14
Emme Handy	Interim Chief Financial		2024-01-18
Lee McGuire	Chief Communications		2024-01-18
Priya McCue	Chief Development Officer		2024-01-18
...and 16 more key personnel

Financials for The Broad Institute

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$694,260,151	$631,422,645	10%
Program services	$81,122,857	$360,088,388	-77.5%
Investment income and dividends	$26,742,059	$2,072,677	1190.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$33,549,192	$16,357,995	105.1%
Net rental income	$149,351	$70,818	110.9%
Net gain from sale of non-inventory assets	$24,526,961	$41,103,587	-40.3%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$860,350,571	$1,051,116,110	-18.1%

Form 990s for The Broad Institute

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-14	990	View PDF
2022-06	2023-05-15	990	View PDF
2021-06	2022-05-16	990	View PDF
2020-06	2021-05-18	990	View PDF
2019-06	2020-09-29	990	View PDF
...and 9 more Form 990s

Organizations like The Broad Institute

Organization	Type	Location	Revenue
Scripps Research Institute	501(c)(3)	La Jolla, CA	$634,980,417
Jackson Laboratory	501(c)(3)	Bar Harbor, ME	$553,515,570
Beckman Research Institute of the City of Hope (BRI)	501(c)(3)	Duarte, CA	$288,276,013
Scientific Research for Health and Humain Development	501(c)(3)	France,	$338,151,684
Howard Hughes Medical Institute	501(c)(3)	Chevy Chase, MD	$749,022,788
Southwest Research Institute	501(c)(3)	San Antonio, TX	$800,924,085
University Corporation for Atmospheric Research	501(c)(3)	Boulder, CO	$252,283,098
American Institutes for Research in the Behavioral Sciences	501(c)(3)	Arlington, VA	$363,064,876
SRC	501(c)(3)	North Syracuse, NY	$287,793,652
Health Research Incorporated (HRI)	501(c)(3)	Menands, NY	$995,310,137

Data update history

July 16, 2024

Updated personnel

Identified 4 new personnel

July 9, 2024

Posted financials

Added Form 990 for fiscal year 2023

July 8, 2024

Used new vendors

Identified 4 new vendors, including , , , and

May 18, 2024

Received grants

Identified 3 new grant, including a grant for $1,149,976 from Milky Way Research Foundation

February 4, 2024

Received grants

Identified 2 new grant, including a grant for $2,151,426 from Alzheimer's Association

Nonprofit Types

Grantmaking organizationsMedical research organizationsResearch centersHeadquarter / parent organizationsCharities

Issues

Science and technologyHealth

Characteristics

Conducts researchLobbyingOperates internationallyNational levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donations

General information

Address: 415 Main St; Cambridge, MA 02139
Metro area: Boston-Cambridge-Newton, MA-NH
County: Middlesex County, MA
Website URL: broadinstitute.org/
Phone: (617) 714-7563
Facebook page: broadinstitute
Twitter profile: @broadinstitute

IRS details

EIN: 26-3428781
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 2008
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: H90: Medical Specialty Research
NAICS code, primary: 5417: Scientific Research and Development Services
Parent/child status: Central organization

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The Broad Institute

Grants made by The Broad Institute

Who funds The Broad Institute

Personnel at The Broad Institute

Financials for The Broad Institute

Form 990s for The Broad Institute

Organizations like The Broad Institute

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