Whitehead Institute For Biomedical Research is located in Cambridge, MA. The organization was established in 2018. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Whitehead Institute For Biomedical Research employed 349 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whitehead Institute For Biomedical Research 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 06/2021, Whitehead Institute For Biomedical Research generated $97.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $96.7m during the year ending 06/2021. While expenses have increased by 3.5% 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.
Since 2015, Whitehead Institute For Biomedical Research has awarded 46 individual grants totaling $14,482,352. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
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, FIVE HOWARD HUGHES MEDICAL INSTITUTE INVESTIGATORS, NINE MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES AND SIX MEMBERS OF THE NATIONAL ACADEMY OF MEDICINE. FOR MORE THAN THREE DECADES, WHITEHEAD INSTITUTE HAS MAINTAINED A STEADFAST COMMITMENT TO SCIENCE EDUCATION AND OUTREACH BY OFFERING PROGRAMS TO ENHANCE SCIENCE TEACHING AND LEARNING FOR THE ENTIRE COMMUNITY. WITH A VARIETY OF PROGRAMS RANGING IN SCOPE FROM LECTURES AND WORKSHOPS FOR TEACHERS AND STUDENTS TO SPECIAL EVENTS FOR NON-SCIENTISTS, WHITEHEAD OFFERS ITS PARTICIPANTS FIRST-HAND EXPOSURE TO STATE-OF-THE-ART RESEARCH. THESE PROGRAMS INCLUDE: SEMINAR SERIES FOR HIGH SCHOOL TEACHERS - THIS MONTHLY PROGRAM PROVIDES EDUCATORS AND OPPORTUNITY TO EXPLORE TOPICS AT THE FOREFRONT OF BIOMEDICAL RESEARCH. THE SERIES BEGINS IN OCTOBER AND LECTURES ARE HELD THE FIRST MONDAY OF EVERY MONTH THROUGH JUNE. SPRING LECTURE SERIES FOR HIGH SCHOOL STUDENTS - THIS PROGRAM, HELD DURING THE PUBLIC SCHOOL SPRING VACATION WEEK, FEATURES LECTURES FROM LEADING SCIENTIFIC EXPERTS, HANDS-ON LABORATORY DEMONSTRATIONS, VISITS TO LOCAL BIOTECHNOLOGY COMPANIES, AND INTERACTIONS WITH YOUNG WHITEHEAD INSTITUTE SCIENTISTS. SCIENCE WEEKS FOR MIDDLE SCHOOL STUDENTS - WHITEHEAD INSTITUTE HAS DEVELOPED IMMERSIVE, WEEK-LONG PROGRAMS FOR RISING 6TH, 7TH, AND 8TH GRADERS FEATURING HANDS-ON ACTIVITIES, CLASSROOM LESSONS, AND INTERACTIONS WITH SCIENTISTS. TWO SUCH SESSIONS ARE HELD IN THE SUMMER MONTHS. PUBLIC PROGRAM COLLABORATIONS - WHITEHEAD INSTITUTE ROUTINELY PARTNERS WITH VARIOUS RESEARCH INSTITUTIONS AND BIOTECHNOLOGY ORGANIZATIONS IN COORDINATING EDUCATIONAL PROGRAMMING FOR HIGH SCHOOL STUDENTS, TEACHERS, AND SCIENTISTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mr Martin Mullins Vice President | Officer | 40 | $463,784 |
Ms Sharon Stanczak Vice President | Officer | 40 | $417,084 |
Dr David Page Director/president (former) | 0 | $397,250 | |
Dr Ruth Lehmann Director/president | OfficerTrustee | 40 | $366,073 |
Dr Rudolf Jaenisch Member (faculty) | 40 | $346,950 | |
Dr Robert Weinberg Member (faculty) | 40 | $325,220 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Investment Fund For Foundations Investment Manager | 6/29/21 | $1,924,820 |
Jc Cannistraro Construction | 6/29/21 | $546,493 |
Pidc Construction Corp Construction | 6/29/21 | $482,018 |
Salt Creek Catering Catering Services | 6/29/21 | $415,497 |
Morse Barnes-brown Legal Firm | 6/29/21 | $375,209 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $14,910,380 |
All other contributions, gifts, grants, and similar amounts not included above | $13,476,187 |
Noncash contributions included in lines 1a–1f | $81,623 |
Total Revenue from Contributions, Gifts, Grants & Similar | $28,386,567 |
Total Program Service Revenue | $1,095,858 |
Investment income | $9,187,660 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $35,097,474 |
Net Rental Income | $1,050,424 |
Net Gain/Loss on Asset Sales | $22,424,617 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $97,603,749 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $909,821 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,501,950 |
Compensation of current officers, directors, key employees. | $1,139,450 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $21,855,666 |
Pension plan accruals and contributions | $2,118,045 |
Other employee benefits | $5,105,015 |
Payroll taxes | $1,566,187 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,279,742 |
Fees for services: Accounting | $314,684 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,130,885 |
Fees for services: Other | $3,647,036 |
Advertising and promotion | $22,860 |
Office expenses | $295,638 |
Information technology | $1,031,937 |
Royalties | $18,749,254 |
Occupancy | $2,036,907 |
Travel | $31,331 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $46,142 |
Interest | $3,668,813 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,721,975 |
Insurance | $386,278 |
All other expenses | $3,939,343 |
Total functional expenses | $96,726,988 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,904,527 |
Savings and temporary cash investments | $25,112,980 |
Pledges and grants receivable | $10,948,154 |
Accounts receivable, net | $8,062,685 |
Loans from Officers, Directors, or Controlling Persons | $1,500,000 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,481,978 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,314,805 |
Net Land, buildings, and equipment | $76,644,584 |
Investments—publicly traded securities | $26,122,401 |
Investments—other securities | $732,576,162 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,464,380 |
Total assets | $896,132,656 |
Accounts payable and accrued expenses | $6,338,960 |
Grants payable | $0 |
Deferred revenue | $4,428,012 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $106,571,756 |
Other liabilities | $10,593,367 |
Total liabilities | $127,932,095 |
Net assets without donor restrictions | $717,433,336 |
Net assets with donor restrictions | $50,767,225 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $896,132,656 |
Over the last fiscal year, Whitehead Institute For Biomedical Research has awarded $909,821 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Somerville, MA PURPOSE: RESEARCH SUBAWARDS | $767,939 |
San Francisco, CA PURPOSE: RESEARCH SUBAWARDS | $69,733 |
Somerville, MA PURPOSE: RESEARCH SUBAWARDS | $67,041 |
Somerville, MA PURPOSE: RESEARCH SUBAWARDS | $5,108 |
Over the last fiscal year, we have identified 30 grants that Whitehead Institute For Biomedical Research has recieved totaling $8,905,699.
Awarding Organization | Amount |
---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $2,110,000 |
Sharp Charitable Tr Newton, MA PURPOSE: UNRESTRICTED | $1,000,000 |
Valhalla Charitable Foundation Woodside, CA PURPOSE: MEDICAL RESEARCH FELLOWS PROGRAM | $750,000 |
Milky Way Research Foundation Washington, DC PURPOSE: INVESTIGATOR AWARD RESEARCH GRANT | $575,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $555,000 |
Paul G Allen Family Foundation Seattle, WA PURPOSE: TO SUPPORT ENGINEERING THE STROMAL SECRETOME TO PROGRAM ORGAN DEVELOPMENT AND MATURATION | $500,000 |
Beg. Balance | $521,317,096 |
Earnings | $211,129,485 |
Net Contributions | $200,000 |
Other Expense | $23,733,939 |
Ending Balance | $708,912,642 |
Organization Name | Assets | Revenue |
---|---|---|
Whitehead Institute For Biomedical Research Cambridge, MA | $896,132,656 | $97,603,749 |
Masonic Medical Research Laboratory Utica, NY | $55,347,194 | $10,340,059 |
Narrows Institute Of Biomedical Research Inc Brooklyn, NY | $2,253,098 | $3,708,493 |
Buffalo Institute For Medical Research Inc Buffalo, NY | $831,604 | $878,680 |
National Biomedical Research Foundation Inc Waltham, MA | $3,416,318 | $63,519 |
Pioneer Valley Life Sciences Institute Of Baystate Medical Springfield, MA | $1,115,623 | $145,961 |
Ventilator Project Inc Boston, MA | $770 | $0 |
The Masooli Project Inc Simsbury, CT | $39,449 | $0 |
Biohacking Village Brooklyn, NY | $97,646 | $0 |