Hudson-Alpha Institute For Biotechnology

Organization Overview

Hudson-Alpha Institute For Biotechnology is located in Huntsville, AL. The organization was established in 2005. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Hudson-Alpha Institute For Biotechnology employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson-Alpha Institute For Biotechnology is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Hudson-Alpha Institute For Biotechnology generated $51.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $57.6m during the year ending 12/2020. While expenses have increased by 2.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY MISSION OF THE INSTITUTE WILL BE TO USE THE INCREASINGLY POWERFUL RESEARCH TOOLS BEING DEVELOPED IN THE BIOTECHNOLOGY AREA TO BETTER UNDERSTAND THE CAUSES OF CERTAIN DISEASES AND TO APPLY THE FINDINGS OF SUCH RESEARCH TO HELP DEVELOP NEW AND MORE EFFECTIVE TREATMENTS FOR SUCH DISEASES. THE INSTITUTE'S CHARITABLE MISSION CONTEMPLATES NUMEROUS OTHER ACTIVITIES ALL OF WHICH ARE INTENDED TO HELP FURTHER BIOTECH RESEARCH IN ALABAMA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ACTIVITIES, PROGRAMS, AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF SERVING AS A CATALYST FOR BIOTECHNOLOGY RESEARCH AND DEVELOPEMENT.


ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF PROVIDING A VARIETY OF EDUCATIONAL OUTREACH PROGRAMS.


ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF DEVELOPING, PROVIDING AND ADVANCING GENOMIC MEDICINE PROGRAMS.


ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF CREATING ECONOMIC GROWTH IN BIOTECHNOLOGY RELATED FIELDS


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Board, Officers & Key Employees

Name (title)Compensation
Richard Myers
President
$868,225
Shawn Levy
Principal In
$559,944
Gregory Barsh
Principal In
$348,103
David P Bick
Principal In
$339,143
Carter Wells
VP Econ Deve
$305,625
Neil Lamb
VP Of Ed. Ou
$300,500

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Discovery Life Sciences
Sequencing
$5,834,798
Bradley Arant
Legal Services
$471,368
Presidio Networked Solutions Llc
It Equipment
$340,287
Marsh & Mclennan Agency Llc
Insurance
$279,810
Mercury Public Affairs Llc
Consulting
$200,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,736,758
Government grants $41,119,543
All other contributions, gifts, grants, and similar amounts not included above$11,650,493
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$54,506,794
Total Program Service Revenue$2,320,338
Investment income $307,618
Tax Exempt Bond Proceeds $0
Royalties $39,639
Net Rental Income $3,786,975
Net Gain/Loss on Asset Sales $188,489
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $51,805,437

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Hudson-Alpha Institute For Biotechnology has recieved totaling $434,167.

Awarding OrganizationAmount
Rf Catalytic Capital Inc

New York, NY

PURPOSE: PARTNERSHIP TO SCALE COVID-19 TESTING

$275,439
Community Foundation Of Greater Huntsville

Huntsville, AL

PURPOSE: HEALTH

$87,350
Sarcoma Foundation Of America Inc

Damascus, MD

PURPOSE: CANCER RESEARCH

$50,000
Breast Cancer Research Foundation Of Alabama

Birmingham, AL

PURPOSE: THE FUNDS ARE USED FOR EXPANDING INNOVATIVE CANCER RESEARCH AND FOR PURCHASING NECESSARY SUPPLIES NEEDED FOR THIS RESEARCH.

$20,000
Protective Life Foundations

Birmingham, AL

PURPOSE: 2021 MVP AWARD (ALABAMA A AND M)

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$378
View Grant Recipient Profile

Endowment Analysis

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