Morgridge Institute For Researchinc
- Assets
- $87.1m
- Revenue
- $26.2m
- Investments
- $0.0
- Employees
- 182
- Location
- Madison, WI
- Founding
- 12/2007
- Data as of
- 06/2023
- 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 06/2023, Morgridge Institute For Researchinc employed 182 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 06/2023, Morgridge Institute For Researchinc generated $26.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $28.1m during the year ending 06/2023. 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Iverson Trustee | Trustee | 4 | $15,000 |
Brad Schwartz Ceo/trustee | OfficerTrustee | 40 | $481,873 |
Patricia Lipton Trustee | Trustee | 2 | $15,000 |
Deborah Keller Trustee | Trustee | 2 | $15,000 |
Winslow L Sargeant Trustee | Trustee | 2 | $15,000 |
Mary Burke Trustee | Trustee | 2 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdw Government Inc Maintenance Agreement | 6/29/22 | $165,195 |
Gottlieb Group Communications Llc Communication Services | 6/29/22 | $131,389 |
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 | $20,297,802 |
| Government grants | $4,574,821 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,151,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,024,399 |
| Total Program Service Revenue | $43,160 |
| Investment income | $52 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $155,250 |
| Net Gain/Loss on Asset Sales | -$123,750 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,189,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,394,317 |
| 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. | $3,283,863 |
| Compensation of current officers, directors, key employees. | $1,748,084 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,705,950 |
| Pension plan accruals and contributions | $1,080,885 |
| Other employee benefits | $2,009,406 |
| Payroll taxes | $739,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,721 |
| Fees for services: Accounting | $185,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,102,498 |
| Advertising and promotion | $233,885 |
| Office expenses | $1,084,210 |
| Information technology | $308,105 |
| Royalties | $0 |
| Occupancy | $4,835,343 |
| Travel | $571,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $167,378 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,500,758 |
| Insurance | $128,897 |
| All other expenses | $59,216 |
| Total functional expenses | $28,100,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,198,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $854,656 |
| 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 | $186,719 |
| Net Land, buildings, and equipment | $4,945,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,891,791 |
| Total assets | $87,077,299 |
| Accounts payable and accrued expenses | $4,184,755 |
| Grants payable | $0 |
| Deferred revenue | $3,094,320 |
| 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 | $49,453,433 |
| Total liabilities | $56,732,508 |
| Net assets without donor restrictions | $30,195,888 |
| Net assets with donor restrictions | $148,903 |
| 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 | $87,077,299 |
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 |
WISCONSIN ALUMNI RESEARCH FOUNDATION PURPOSE: TO SUPPORT ONGOING RESEARCH AND EDUCATION. | $100,000 |