Whitehead Institute for Biomedical Research is a medical practice research organization based in Cambridge, MA that was founded in 1981. As of 2019 they had $83 million in revenue and $650 million in assets.
Founded in 1982, the Whitehead Institute for Biomedical Research is a non-profit research and teaching institution located in Cambridge, Massachusetts, dedicated to improving human health through basic biomedical research.
EIN:
06-1043412
City:
State:
Metro:
Website:
Phone:
617 258.5000
Twitter:
Founded:
1981
Type:
501(c)(3)
NTEE:
Revenue:
$83,985,006
Assets:
$650,160,818
Employees:
367
Fiscal year end:
August
Program areas at Whitehead Institute for Biomedical Research
WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH IS AN INDEPENDENT NONPROFIT RESEARCH AND TEACHING INSTITUTION LOCATED IN CAMBRIDGE, MASSACHUSETTS. THE INSTITUTE WAS INCORPORATED IN 1981 TO PROMOTE AND EXPAND HUMAN KNOWLEDGE IN THE BIOMEDICAL AND OTHER SCIENTIFIC FIELDS WITH THE ULTIMATE GOAL OF IMPROVING HUMAN HEALTH AND WELL-BEING. THE RESEARCH OF THE INSTITUTE FOCUSES ON BASIC BIOLOGICAL PROCESSES INVESTIGATED MAINLY FROM A MOLECULAR OR CELLULAR PERSPECTIVE. RESEARCH IS CONDUCTED IN SEVERAL AREAS, INCLUDING CANCER, NEURODEGENERATIVE DISEASES, REGENERATIVE BIOLOGY, IMMUNOLOGY AND GENETICS. THE RESEARCH OF THE INSTITUTE IS CONDUCTED UNDER THE LEADERSHIP OF PRINCIPAL INVESTIGATORS WHO HOLD JOINT APPOINTMENTS TO THE FACULTIES OF THE INSTITUTE AND MASSACHUSETTS INSTITUTE OF TECHNOLOGY ("MIT") (THE "INSTITUTE FACULTY"). THE MEMBERS OF THE INSTITUTE FACULTY ARE RECOGNIZED LEADERS IN THEIR FIELDS. THE INSTITUTE FACULTY INCLUDE TWO RECIPIENTS OF THE NATIONAL MEDAL OF SCIENCE, FOUR HOWARD HUGHES MEDICAL INSTITUTE INVESTIGATORS, EIGHT MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES AND ...
Form 990s for Whitehead Institute for Biomedical Research
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-06 | Sep 17, 2020 | 990 | View PDF |
| 2018-06 | Jul 23, 2019 | 990 | View PDF |
| 2017-06 | Jun 14, 2018 | 990 | View PDF |
| 2016-06 | Oct 2, 2017 | 990 | View PDF |
| 2015-06 | Aug 2, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for Whitehead Institute for Biomedical Research
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $17,494,901 | $20,303,732 | -13.8% |
| Normal grants, contributions, etc. | $23,996,235 | $12,631,742 | 90.0% |
| <em>Non-cash contributions included in above</em> | $100,199 | $207,040 | -51.6% |
| Total grants, contributions, etc. | $41,491,136 | $32,935,474 | 26.0% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $41,491,136 | $32,935,474 | 26.0% |
| Program services | $2,779,377 | $1,740,021 | 59.7% |
| Investment income and dividends | $8,599,445 | $9,003,581 | -4.5% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $8,929,626 | $7,902,324 | 13.0% |
| Net rental income | $275,892 | $259,925 | 6.1% |
| Net gain from sale of non-inventory assets | $20,403,676 | $17,964,937 | 13.6% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $1,505,854 | $387,212 | 288.9% |
| Total revenues | $83,985,006 | $70,193,474 | 19.6% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $1,666,208 | $2,154,657 | -22.7% |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $1,108,370 | $1,044,798 | 6.1% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $20,229,769 | $20,535,485 | -1.5% |
| Pension/retirement accruals and contributions | $1,879,207 | $1,906,500 | -1.4% |
| Other employee benefits | $4,718,459 | $4,295,215 | 9.9% |
| Payroll taxes | $1,427,948 | $1,573,994 | -9.3% |
| Management fees | $0 | $0 | |
| Legal fees | $949,667 | $1,093,364 | -13.1% |
| Accounting fees | $251,881 | $282,073 | -10.7% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $1,859,554 | $1,918,068 | -3.1% |
| Other fee-for-service | $1,765,748 | $1,364,946 | 29.4% |
| Advertising and promotion | $14,834 | $6,005 | 147.0% |
| Office expenses | $408,623 | $518,920 | -21.3% |
| Information tech. expenses | $837,856 | $873,259 | -4.1% |
| Royalty expenses | $4,835,352 | $3,756,949 | 28.7% |
| Occupancy | $2,449,606 | $2,481,346 | -1.3% |
| Travel | $346,190 | $375,134 | -7.7% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $496,920 | $477,639 | 4.0% |
| Interest | $3,091,280 | $3,095,159 | -0.1% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $4,730,970 | $4,696,047 | 0.7% |
| Insurance | $287,458 | $274,520 | 4.7% |
| All other expenses | $19,613,632 | $19,347,681 | 1.4% |
| Total expenses | $72,969,532 | $72,071,760 | 1.2% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $5,765,924 | $0 | 999% |
| Savings, short-term investments, etc. | $7,351,778 | $12,336,039 | -40.4% |
| Pledges and grants receivable | $11,330,777 | $4,899,810 | 131.2% |
| Accounts receivable | $1,658,921 | $1,392,498 | 19.1% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $322,024 | $355,241 | -9.4% |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $1,154,628 | $1,171,415 | -1.4% |
| Buildings, equipment, etc. post-depreciation | $65,691,175 | $57,474,680 | 14.3% |
| Investments, publicly traded securities | $18,885,971 | $8,047,393 | 134.7% |
| Investments, other securities | $533,779,870 | $537,945,523 | -0.8% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $4,219,750 | $3,904,773 | 8.1% |
| Total assets | $650,160,818 | $627,527,372 | 3.6% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $1,044,401 | $2,818,848 | -62.9% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $1,419,859 | $3,383,635 | -58.0% |
| Tax-exempt bond liabilities | $31,089,940 | $32,198,464 | -3.4% |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $44,821,072 | $44,814,284 | 0.0% |
| Other liabilities | $6,195,552 | $5,083,035 | 21.9% |
| Total liabilities | $84,570,824 | $88,298,266 | -4.2% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $521,988,569 | $506,249,956 | 3.1% |
| Temporarily restricted net assets | $24,450,920 | $13,828,645 | 76.8% |
| Permanently restricted net assets | $19,150,505 | $19,150,505 | |
Vendors for Whitehead Institute for Biomedical Research
| Vendor | Services | Amount paid | Date |
|---|
| Pricewaterhousecoopers LLP | Tax accounting; Audit accounting; Accounting Services | $272,987 | 2020-09-17 |
| ██████ | Content management system software | | 2020-09-09 |
| ██████ | Fundraising software | | 2020-09-09 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2020-09-09 |
| █████████ | Content management system software | | 2020-09-09 |
| ██████ ███ | Software | | 2020-09-09 |
| ████████ ███████ | Marketing software | | 2020-09-09 |
| ██ ██████ █████ | Investment management | | 2019-12-31 |
| ...and 22 more vendors |
Personnel at Whitehead Institute for Biomedical Research
| Name | Title | Compensation | Most recent data |
|---|
| Julia Fantasia | Chief Financial Officer | $140,000 | Sept. 23, 2020 |
| Sharon Stanczak | Vice President for Institutional Advancement | - | Sept. 23, 2020 |
| ████ ██████ | Director Strategic Communications | - | Sept. 23, 2020 |
| █████ █████ | Director, Information Technology | - | Sept. 23, 2020 |
| █████ █████████ | Senior Managing Director for Institutional Advancement | - | Sept. 23, 2020 |
| █████ ██████ | Director, Human Resources | - | Sept. 23, 2020 |
| ███ ██████████ | Director, Facilities Management and Environmental Health and Safety | - | Sept. 23, 2020 |
| █████ █████████ | Director, Research Finance | - | Sept. 23, 2020 |
| █████ ██ ███████ | Director, Intellectual Property and Sponsored Programs | - | Sept. 23, 2020 |
| ██████ ████ | Director, Bioinformatics and Research Computing | - | Sept. 23, 2020 |
| ...and 11 more key personnel |
Peer medical discipline research centers
| | Name | Type | Revenue | Location |
|---|
| 1 | The Lieber Institute (LIBD) | 501(c)(3) | $21 million | Baltimore, MD |
| 2 | TB Alliance (TB Alliance) | 501(c)(3) | $63 million | New York, NY |
| 3 | International Centre for Diarrhoeal Disease Research Bangladesh | 501(c)(3) | $70 million | Bangladesh, |
| 4 | Arkansas Children's Research Institute | 501(c)(3) | $32 million | Little Rock, AR |
| 5 | Wistar Institute | 501(c)(3) | $81 million | Philadelphia, PA |
| 6 | Texas Biomedical Research Institute | 501(c)(3) | $48 million | San Antonio, TX |
| 7 | Research Foundation for Mental Hygiene (RFMH) | 501(c)(3) | $187 million | Menands, NY |
| 8 | The Geneva Foundation | 501(c)(3) | $51 million | Tacoma, WA |
| 9 | Max Planck Florida Institute for Neuroscience (MPFI) | 501(c)(3) | $23 million | Jupiter, FL |
| 10 | Texas Heart Institute | 501(c)(3) | $24 million | Houston, TX |
| 11 | Regenstrief Institute | 501(c)(3) | $21 million | Indianapolis, IN |
| 12 | Juvenile Diabetes Research Foundation (JDRF) | 501(c)(3) | $239 million | New York, NY |
| 13 | Sanford Burnham Prebys Medical Discovery Institute | 501(c)(3) | $122 million | La Jolla, CA |
| 14 | Jaeb Center for Health Research (JCHR) | 501(c)(3) | $34 million | Tampa, FL |
| 15 | New York Genome Center (NYGC) | 501(c)(3) | $128 million | New York, NY |
| 16 | Morgridge Institute for Research | 501(c)(3) | $31 million | Madison, WI |
| 17 | The Feinstein Institute for Medical Research | 501(c)(3) | $115 million | Westbury, NY |
| 18 | Van Andel Research Institute | 501(c)(3) | $86 million | Grand Rapids, MI |
| 19 | Minneapolis Medical Research Foundation (MMRF) | 501(c)(3) | $36 million | Minneapolis, MN |
| 20 | Medstar Health Research Institute (MHRI) | 501(c)(3) | $36 million | Washington, DC |
| 21 | The Translational Genomics Research Institute | 501(c)(3) | $77 million | Phoenix, AZ |
| 22 | Altius Institute for Biomedical Sciences | 501(c)(3) | $21 million | Seattle, WA |
| 23 | Crohn's and Colitis Foundation (CCFA) | 501(c)(3) | $73 million | New York, NY |
| 24 | Aids Research Foundation or amfAR | 501(c)(3) | $32 million | New York, NY |
| 25 | The California Institute for Biomedical Research (Calibr) | 501(c)(3) | $98 million | La Jolla, CA |