Morgridge Institute For Researchinc
- Assets
- $39.2m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 177
- Location
- Madison, WI
- Founding
- 12/2007
- Data as of
- 06/2022
- EIN
- 20-8325570
Organization Overview
Morgridge Institute For Researchinc is located in Madison, WI. The organization was established in 2007. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Morgridge Institute For Researchinc employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgridge Institute For Researchinc 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 06/2022, Morgridge Institute For Researchinc generated $31.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $28.6m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH INSTITUTE TO SUPPORT MEDICAL RESEARCH AND EDUCATION AT THE UNIVERSITY OF WISCONSIN-MADISON IN CONJUNCTION WITH THE UNIVERSITY OF WISCONSIN HOSPITALS AND CLINICS AUTHORITY. THE PRIMARY PURPOSES FOR THE INSTITUTE ARE AS FOLLOWS:1) COLLABORATION - SPARK RESEARCH COLLABORATIONS ACROSS THE SCIENCES AND THE UW-HOSPITAL THAT ACCELERATE BREAKTHROUGH DISCOVERIES TO IMPROVE HUMAN HEALTH.2) INTERACTION - FOSTER INTERACTION BETWEEN PUBLIC AND PRIVATE RESEARCH THAT BREAKS DOWN BARRIERS BETWEEN RESEARCHERS, LABS AND SCIENTIFIC DISCIPLINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGENERATIVE BIOLOGY: UNDERSTANDING AND DIRECTING CELLULAR FATES TO IMPROVE HEALTH- CREATE PHYSIOLOGICALLY STABLE, SAFE AND FUNCTIONAL CELLS TO BETTER UNDERSTAND THE HUMAN BODY.- APPLY KNOWLEDGE ABOUT CELLUAR GENERATION FOR APPLICATION IN PREVENTION AND TREATMENT OF DEGENERATIVE DISEASES.- APPLY KNOWLEDGE TO DEVELOP AND TAILOR DRUGS FOR SPECIFIC NEEDS.
BIOMEDICAL IMAGING: ADVANCING TECHNOLOGIES TO BETTER DIAGNOSE, TREAT AND PREVENT DISEASE- TRANSIENT LIGHTING FOR SURGERY: DEVELOPMENT OF A RAPID-SWITCH LIGHTING SYSTEM THAT PROVIDES FULL LIGHT IN THE OPERATING ROOM, WHILE PROTECTING LIGHT-SENSITIVE FLUORESCENCE IMAGES OF USE TO SURGEONS.- BETTER CT IMAGES: DEVELOPING A MULTI-SOURCE X-RAY TUBE FOR COMPUTED TOMOGRAPHY (CT) - ONE OF THE MOST WIDELY USED TOOLS TO IMAGE DISEASE - TO ENABLE FASTER IMAGING, DOSE REDUCTION, AND IMPROVED IMAGE QUALITY.- IMPROVED BREAST CANCER TRACKING: CREATING AN IMAGING SYSTEM TO TRACK BREAST CANCER BASED ON ALIGNMENT OF COLLAGEN FIBERS, WHICH ARE BIOMARKERS FOR BREAST CANCER METASTASIS.
VIROLOGY: UNLOCKING THE SECRETS OF VIRUS-HOST INTERACTIONS TO BETTER PROTECT HUMAN HEALTH- ADVANCE PRACTICAL UNDERSTANDING, PREVENTION AND TREATMENT OF VIRUSES AND THEIR DISEASES.- ENHANCE UNDERSTANDING OF THE BIOLOGY OF HEALTHY CELLS AND TISSUES.- DEVELOP NEW TOOLS DERIVED FROM VIRUSES FOR USE IN BIOTECHNOLOGY, NANOTECHNOLOGY AND MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Thomson Dir Regenerative Biology | Officer | 40 | $682,394 |
Brad Schwartz Ceo/trustee | OfficerTrustee | 40 | $487,270 |
Kathi Stanek Cfo/coo/treasurer | Officer | 40 | $319,186 |
William Swisher Jr Chief Development Officer | Officer | 40 | $275,189 |
Jan Huisken Lead Investigator | 40 | $272,611 | |
Melissa Skala Lead Investigator | 40 | $249,668 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gottlieb Group Communications Llc Communication Services | 6/29/22 | $131,389 |
Cdw Government Inc Maintenance Agreement | 6/29/22 | $165,195 |
Tecan Us Inc Maintenance Agreement | 6/29/22 | $117,678 |
Rsm Us Llp Audit/tax Services | 6/29/22 | $115,256 |
Sullivancotter Inc Consulting | 6/29/22 | $109,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $24,692,465 |
| Government grants | $5,142,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $861,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,696,300 |
| Total Program Service Revenue | $0 |
| Investment income | $89 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $155,250 |
| Net Gain/Loss on Asset Sales | $1,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,260,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,587,229 |
| 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. | $3,611,890 |
| Compensation of current officers, directors, key employees. | $1,506,982 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,915,398 |
| Pension plan accruals and contributions | $1,102,110 |
| Other employee benefits | $1,956,817 |
| Payroll taxes | $760,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,862 |
| Fees for services: Accounting | $178,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,242,973 |
| Advertising and promotion | $97,612 |
| Office expenses | $1,027,624 |
| Information technology | $235,619 |
| Royalties | $0 |
| Occupancy | $4,679,590 |
| Travel | $175,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,659 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,675,475 |
| Insurance | $149,536 |
| All other expenses | $76,995 |
| Total functional expenses | $28,634,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,612,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,585,461 |
| 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 | $124,890 |
| Net Land, buildings, and equipment | $5,641,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,194,811 |
| Total assets | $39,159,232 |
| Accounts payable and accrued expenses | $3,986,982 |
| Grants payable | $0 |
| Deferred revenue | $2,692,291 |
| 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 | $6,679,273 |
| Net assets without donor restrictions | $32,411,044 |
| Net assets with donor restrictions | $68,915 |
| 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 | $39,159,232 |
Grants Awarded
Over the last fiscal year, Morgridge Institute For Researchinc has awarded $1,654,902 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN - MADISON PURPOSE: TO SUPPORT ONGOING RESEARCH AND EDUCATION. | $1,554,902 |
Madison, WI PURPOSE: TO SUPPORT ONGOING RESEARCH AND EDUCATION. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morgridge Institute For Researchinc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Pyle Foundation Madison, WI PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $13,045,285 |
| Grants | $13,045,285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Munson Healthcare Cadillac Traverse City, MI | $113,351,457 | $123,901,366 |
Genesis Health System Silvis, IL | $149,319,694 | $93,824,215 |
Grand Itasca Clinic And Hospital Grand Rapids, MN | $71,663,098 | $103,118,780 |
Childrens Medical Group Inc Milwaukee, WI | $31,763,307 | $95,855,814 |
Munson Healthcare Grayling Traverse City, MI | $58,695,179 | $98,806,333 |
Carle West Physician Group Inc Urbana, IL | $7,904,406 | $40,693,056 |
Wheaton Franciscan Healthcare-Franklin Inc Franklin, WI | $0 | $93,223,404 |
Oconto Hospital & Medical Center Inc Oconto, WI | $60,351,775 | $89,949,805 |
Tomah Memorial Hospital Inc Tomah, WI | $122,784,056 | $81,760,815 |
Washington University Physicians In Illinois Inc O Fallon, IL | $16,495,252 | $58,633,483 |
Bronson Lakeview Hospital Kalamazoo, MI | $57,372,816 | $77,608,050 |
Schoolcraft Memorial Hospital Manistique, MI | $44,098,410 | $51,651,017 |