Wicell Research Institute Inc
- Assets
- $6.1m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 45
- Location
- Madison, WI
- Founding
- 04/2019
- Data as of
- 06/2023
- EIN
- 39-1972235
Organization Overview
Wicell Research Institute Inc is located in Madison, WI. The organization was established in 2019. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 06/2023, Wicell Research Institute Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wicell Research Institute Inc 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, Wicell Research Institute Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $7.0m during the year ending 06/2023. While expenses have increased by 6.1% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WICELL'S PRIMARY PURPOSE IS TO SUPPORT RESEARCH OF STEM CELL TECHNOLOGIES AT THE UNIVERSITY OF WISCONSIN-MADISON AND DEVELOPMENT OF STEM CELL APPLICATIONS WORLDWIDE.THE SCIENTIFIC RESEARCH CARRIED OUT BY WICELL AND OTHERS WHO ACQUIRE CELLS AND THE RIGHT TO USE THE RELATED TECHNOLOGY HAVE AS THEIR OBJECTIVE THE EVENTUAL USE OF CELLS TO DIAGNOSE, TREAT, OR PREVENT DISEASE AND TO ENABLE DEFECTIVE OR INJURED BODY PARTS OR SYSTEMS TO BE REPAIRED OR REPLACED, AS WELL AS TO UNDERSTAND EARLY HUMAN DEVELOPMENT.WICELL OPERATES A LABORATORY LOCATED IN THE UW RESEARCH PARK AND IS USED FOR CELL DISTRIBUTION, CORE SERVICES, AND CHARACTERIZATION SERVICES ACTIVITIES.
Describe the Organization's Program Activity:
CHARACTERIZATION SERVICES WICELL ESTABLISHED A CHARACTERIZATION SERVICES PROGRAM IN 2005 TO ENSURE HIGH-QUALITY PSC LINES DISTRIBUTED BY THE WICELL STEM CELL BANK AND TO SERVE THE RESEARCH COMMUNITY IN THE ESSENTIAL ONGOING CHARACTERIZATION OF CELL LINES USED IN THEIR RESEARCH. WICELL OFFERS ITS CHARACTERIZATION SERVICES TO HELP IMPROVE THE RIGOR AND REPRODUCIBILITY OF ALL RESEARCH UTILIZING CELL LINES TO ACADEMIC AND COMMERCIAL LABS IN THE US AND WORLDWIDE.
WICELL STEM CELL BANK WICELL'S STEM CELL BANK REPOSITORY ACCEPTS DEPOSITS FROM OTHER ACADEMIC INSTITUTIONS ENSURING THESE PLURIPOTENT STEM CELL (PSC) LINES ARE AVAILABLE TO THE RESEARCH COMMUNITY IN PERPETUITY. WICELL BANKS, CHARACTERIZES, AND DISTRIBUTES THESE HIGH-QUALITY PSC LINES TO ACADEMIC AND COMMERCIAL RESEARCH LABORATORIES TO SUPPORT BASIC AND TRANSLATIONAL RESEARCH IN STEM CELL SCIENCE, REGENERATIVE MEDICINE, AND APPLICATIONS TO IMPROVE HUMAN HEALTH. DURING FISCAL YEAR 2023, WICELL DISTRIBUTED 568 PSC LINES, BRINGING TOTAL DISTRIBUTIONS TO 10,819.
CORE SERVICES WICELL DEVELOPED THE CORE SERVICE PROGRAM IN 2009 TO MEET THE NEEDS OF THE UW STEM CELL RESEARCHERS IN MAKING SURE THAT THEY RECEIVE QUALIFIED SUPPLIES ESSENTIAL FOR PSC CULTURE. WICELL PURCHASES BULK LOTS OF SUPPLIES (MEDIA, REAGENTS, ETC.), QUALIFIES THEM TO ENSURE THEY SUPPORT STEM CELL CULTURE, AND DELIVERS THE QUALIFIED SUPPLIES TO CAMPUS RESEARCHERS WEEKLY. THIS SAVES THE RESEARCHERS TIME, MONEY, STORAGE SPACE, AND ENSURES QUALITY MATERIALS ARE AVAILABLE, ALLOWING THEM TO FOCUS MORE ON THEIR RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Drape Chief Executive Officer | OfficerTrustee | 40 | $276,093 |
Deborah Keller Director/chair | OfficerTrustee | 3 | $1,500 |
Anita Bhattacharyya Director | Trustee | 1 | $1,000 |
Gordon Brunner Director (until 11/16/22) | Trustee | 1 | $1,500 |
Jeanine Burmania Director | Trustee | 1 | $500 |
Cynthia Czajkowski Director | Trustee | 1 | $1,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stem Cell Technologies Inc Mtesr1 Supplies | 6/29/16 | $359,336 |
Omni Resources Consulting Services | 6/29/16 | $145,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16 |
| Total Program Service Revenue | $7,810,753 |
| Investment income | $26,408 |
| 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 | $7,838,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $365,802 |
| Compensation of current officers, directors, key employees. | $365,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,438,891 |
| Pension plan accruals and contributions | $240,618 |
| Other employee benefits | $714,812 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,888 |
| Fees for services: Accounting | $8,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $639,221 |
| Advertising and promotion | $0 |
| Office expenses | $172,954 |
| Information technology | $174,172 |
| Royalties | $170,478 |
| Occupancy | $616,630 |
| Travel | $15,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $202,644 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,030 |
| Insurance | $231,814 |
| All other expenses | $0 |
| Total functional expenses | $6,979,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,867 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $831,669 |
| 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 | $857,690 |
| Net Land, buildings, and equipment | $523,195 |
| Investments—publicly traded securities | $2,728,338 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,085,759 |
| Accounts payable and accrued expenses | $1,004,685 |
| 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 | $62,689 |
| Total liabilities | $1,067,374 |
| Net assets without donor restrictions | $5,018,385 |
| 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 | $6,085,759 |