Van Andel Institute Graduate School
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $85.9k
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 09/2006
- Data as of
- 11/2023
- EIN
- 20-3340886
Organization Overview
Van Andel Institute Graduate School is located in Grand Rapids, MI. The organization was established in 2006. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Van Andel Institute Graduate School 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 11/2023, Van Andel Institute Graduate School generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $5.3m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP BIOMEDICAL RESEARCH LEADERS THROUGH A GRADUATE PROGRAM IN MOLECULAR AND CELL BIOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAN ANDEL INSTITUTE GRADUATE SCHOOL ("VAIGS") DEVELOPS BIOMEDICAL RESEARCH LEADERS THROUGH A GRADUATE PROGRAM IN MOLECULAR AND CELL BIOLOGY WITH AN EMPHASIS ON THE APPLICATION OF BASIC SCIENCE TO IMPROVE HUMAN HEALTH AND WELL-BEING. GRADUATES OF THE PROGRAM, WITH PHD OR MS DEGREES, WILL BE PREPARED TO LEAD RESEARCH IN ACADEMIC OR INDUSTRY SETTINGS, APPLY BASIC RESEARCH TO IMPORTANT MEDICAL ISSUES, PROVIDE PROFESSIONAL SERVICES SUPPORTING RESEARCH AND ITS APPLICATION, AND SHARE THEIR KNOWLEDGE AND EXPERIENCE WITH SCIENTISTS, PHYSICIANS, AND THE PUBLIC. VAN ANDEL RESEARCH INSTITUTE ("VARI") INVESTIGATORS TEACH STUDENTS IN CLASSROOM AND LABORATORY. (SEE SCH O). VAIGS WAS GRANTED REAFFIRMATION OF ACCREDITATION BY THE HIGHER LEARNING COMMISSION OF THE NORTH CENTRAL ASSOCIATION OF COLLEGES AND SCHOOLS IN MAY 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr James Fahner Vaigs Director | Trustee | 1 | $2,000 |
Dr Peter Jones Vaigs Director, Vari Cso | Trustee | 1 | $0 |
Dr Karen Klomparens Vaigs Director | Trustee | 1 | $1,000 |
Dr Danny Welch Vaigs Director | Trustee | 1 | $2,000 |
Dr Juan Olivarez Vaigs Directror | Trustee | 1 | $2,000 |
Dr Mary O'riordan Vaigs Director | Trustee | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $859,917 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,459 |
| Total Program Service Revenue | $1,275,313 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,487,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,929,914 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $353,717 |
| Compensation of current officers, directors, key employees. | $295,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $683,924 |
| Pension plan accruals and contributions | $56,211 |
| Other employee benefits | $83,429 |
| Payroll taxes | $48,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,591 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,844 |
| Advertising and promotion | $31,896 |
| Office expenses | $3,637 |
| Information technology | $231 |
| Royalties | $0 |
| Occupancy | $164,630 |
| Travel | $166,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,200 |
| Interest | $662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,633 |
| Insurance | $0 |
| All other expenses | $101,450 |
| Total functional expenses | $5,287,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,189,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,174,289 |
| Investments—publicly traded securities | $46,091 |
| Investments—other securities | $85,881 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,495,958 |
| Accounts payable and accrued expenses | $4,178,759 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,178,759 |
| Net assets without donor restrictions | -$1,682,801 |
| Net assets with donor restrictions | $0 |
| 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 | $2,495,958 |