Hansjorg Wyss Institute For Biologically Inspired Engineering
- Assets
- $178.6m
- Revenue
- $47.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2013
- Data as of
- 06/2021
- EIN
- 30-0773387
Organization Overview
Hansjorg Wyss Institute For Biologically Inspired Engineering is located in Boston, MA. The organization was established in 2013. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Hansjorg Wyss Institute For Biologically Inspired Engineering 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, Hansjorg Wyss Institute For Biologically Inspired Engineering generated $47.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $83.0m during the year ending 06/2021. While expenses have increased by 0.6% 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, Hansjorg Wyss Institute For Biologically Inspired Engineering has awarded 167 individual grants totaling $56,582,736. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORMED AS A SUPPORTING ORGANIZATION OF PRESIDENT AND FELLOWS OF HARVARD COLLEGE TO CONDUCT, SUPPORT AND DEVELOP RESEARCH AND INVENTIONS IN THE LIFE SCIENCES AND ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND TECHNOLOGY DEVELOPMENT ON BIOLOGICALLY INSPIRED ENGINEERING FOCUSED ON BIOLOGICAL CONTROL, LIVING MATERIAL, AND BIOLOGY. THE INSTITUTE CONDUCTS ITS RESEARCH AND DEVELOPMENT ACTIVITIES USING FOCUS AREAS TO CREATE NEW BIOINSPIRED MATERIALS AND DEVICES, AND TO TRANSLATE THEM INTO PRODUCTS. THE FOCUS AREAS INCLUDE: BIOINSPIRED THERAPEUTICS AND DIAGNOSTICS, DIAGNOSTICS ACCELERATOR, IMMUNO-MATERIALS, LIVING CELLULAR DEVICES, MOLECULAR ROBOTICS, 3D ORGAN ENGINEERING, AND SYNTHETIC BIOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Ingber President | Officer | 46 | $0 |
Ayis Antoniou Treasurer/admin Director | Officer | 60 | $0 |
Angelika Fretzen Tech Translation Director | Officer | 60 | $0 |
Julie Faber Clerk | Officer | 0.5 | $0 |
George Daley Director | Trustee | 0.5 | $0 |
Alan Garber Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dzconnex Formerly Yoh Services Llc Human Resource Srvcs | 6/29/21 | $259,500 |
Seaport Hotel And World Trade Cente Annual Event Srvcs | 6/29/21 | $258,084 |
Able Engineering Services Engineering Services | 6/29/21 | $156,988 |
Pricewaterhousecoopers Llp Audit & Tax Services | 6/29/21 | $115,630 |
Area 17 Media Llc Website Design Srvcs | 6/29/21 | $155,465 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,420,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,360,601 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,781,485 |
| Total Program Service Revenue | $251,649 |
| Investment income | $2,763,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,056,511 |
| 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 | $47,853,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,366,521 |
| Grants and other assistance to domestic individuals. | $411,618 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,059 |
| Fees for services: Accounting | $65,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,435,573 |
| Advertising and promotion | $0 |
| Office expenses | $235,739 |
| Information technology | $1,139,004 |
| Royalties | $0 |
| Occupancy | $13,445,654 |
| Travel | $28,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,315 |
| Interest | $2,280 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,591,555 |
| Insurance | $89,247 |
| All other expenses | $2,144,764 |
| Total functional expenses | $82,969,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,681,626 |
| Accounts receivable, net | $7,087,848 |
| 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 | $889,123 |
| Net Land, buildings, and equipment | $8,715,198 |
| Investments—publicly traded securities | $48,810,259 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,424,098 |
| Total assets | $178,608,152 |
| Accounts payable and accrued expenses | $2,280,485 |
| Grants payable | $0 |
| Deferred revenue | $125,000 |
| 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 | $31,512,550 |
| Total liabilities | $33,918,035 |
| Net assets without donor restrictions | $73,161,286 |
| Net assets with donor restrictions | $71,528,831 |
| 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 | $178,608,152 |
Grants Awarded
Over the last fiscal year, Hansjorg Wyss Institute For Biologically Inspired Engineering has awarded $12,364,201 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Federal sponsored awards and subcontracts | $4,953,575 |
UNIVERSITY OF MARYLAND BALTIMORE PURPOSE: Federal sponsored awards and subcontracts | $2,999,290 |
Somerville, MA PURPOSE: Federal sponsored awards, subcontracts, and research collaborations | $720,852 |
Boston, MA PURPOSE: Federal sponsored awards, subcontracts, and research collaborations | $697,824 |
Boston, MA PURPOSE: Federal sponsored awards, subcontracts, and research collaborations | $646,827 |
Somerville, MA PURPOSE: Federal sponsored awards, subcontracts, Nonfed sponsored awards, and research collaborations | $565,874 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hansjorg Wyss Institute For Biologically Inspired Engineering has recieved totaling $322,670.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: RESEARCH | $322,670 |
Endowment Analysis
| Beg. Balance | $39,315,891 |
| Earnings | $12,255,269 |
| Other Expense | $2,011,604 |
| Ending Balance | $49,559,556 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nyc School Support Services Inc New York, NY | $89,153,904 | $637,449,387 |
Research Foundation Of The City University Of New York New York, NY | $439,317,076 | $501,643,850 |
Harvard Management Private Equity Corporation Boston, MA | $50,439,258,807 | $2,446,321,053 |
New York University In Abu Dhabi Corporation New York, NY | $8,480,173 | $220,364,326 |
U B Foundation Activities Inc Buffalo, NY | $144,841,745 | $102,321,519 |
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |