Hudson-Alpha Institute For Biotechnology
- Assets
- $211.5m
- Revenue
- $51.8m
- Investments
- $39.5m
- Employees
- 248
- Location
- Huntsville, AL
- Founding
- 06/2005
- Data as of
- 12/2020
- EIN
- 43-2059317
Organization Overview
Hudson-Alpha Institute For Biotechnology is located in Huntsville, AL. The organization was established in 2005. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Hudson-Alpha Institute For Biotechnology employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson-Alpha Institute For Biotechnology 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 12/2020, Hudson-Alpha Institute For Biotechnology generated $51.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $57.6m during the year ending 12/2020. While expenses have increased by 2.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF THE INSTITUTE WILL BE TO USE THE INCREASINGLY POWERFUL RESEARCH TOOLS BEING DEVELOPED IN THE BIOTECHNOLOGY AREA TO BETTER UNDERSTAND THE CAUSES OF CERTAIN DISEASES AND TO APPLY THE FINDINGS OF SUCH RESEARCH TO HELP DEVELOP NEW AND MORE EFFECTIVE TREATMENTS FOR SUCH DISEASES. THE INSTITUTE'S CHARITABLE MISSION CONTEMPLATES NUMEROUS OTHER ACTIVITIES ALL OF WHICH ARE INTENDED TO HELP FURTHER BIOTECH RESEARCH IN ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES, PROGRAMS, AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF SERVING AS A CATALYST FOR BIOTECHNOLOGY RESEARCH AND DEVELOPEMENT.
ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF PROVIDING A VARIETY OF EDUCATIONAL OUTREACH PROGRAMS.
ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUTE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF DEVELOPING, PROVIDING AND ADVANCING GENOMIC MEDICINE PROGRAMS.
ACTIVITIES, PROGRAMS AND COLLABORATIONS FOR THE INSTITUE TO ACCOMPLISH ITS CHARITABLE OBJECTIVE OF CREATING ECONOMIC GROWTH IN BIOTECHNOLOGY RELATED FIELDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Myers President | Officer | 40 | $868,225 |
Shawn Levy Principal In | Officer | 40 | $559,944 |
Gregory Barsh Principal In | Officer | 40 | $348,103 |
David P Bick Principal In | Officer | 40 | $339,143 |
Carter Wells VP Econ Deve | Officer | 40 | $305,625 |
Neil Lamb VP Of Ed. Ou | Officer | 40 | $300,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Discovery Life Sciences Sequencing | 12/30/21 | $5,834,798 |
Bradley Arant Legal Services | 12/30/21 | $471,368 |
Presidio Networked Solutions Llc It Equipment | 12/30/21 | $340,287 |
Marsh & Mclennan Agency Llc Insurance | 12/30/21 | $279,810 |
Mercury Public Affairs Llc Consulting | 12/30/21 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,736,758 |
| Government grants | $41,119,543 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,650,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,506,794 |
| Total Program Service Revenue | $2,320,338 |
| Investment income | $307,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39,639 |
| Net Rental Income | $3,786,975 |
| Net Gain/Loss on Asset Sales | $188,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,805,437 |
| 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. | $5,424,797 |
| Compensation of current officers, directors, key employees. | $4,261,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,706,732 |
| Pension plan accruals and contributions | $806,686 |
| Other employee benefits | $2,941,229 |
| Payroll taxes | $1,116,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $453,426 |
| Fees for services: Accounting | $146,100 |
| Fees for services: Lobbying | $246,250 |
| Fees for services: Fundraising | $57,667 |
| Fees for services: Investment Management | $19,607 |
| Fees for services: Other | $2,738 |
| Advertising and promotion | $103,398 |
| Office expenses | $491,231 |
| Information technology | $3,058,376 |
| Royalties | $0 |
| Occupancy | $8,716,529 |
| Travel | $43,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,331 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,667,022 |
| Insurance | $232,076 |
| All other expenses | $603,867 |
| Total functional expenses | $57,579,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,655,430 |
| Savings and temporary cash investments | $15,431,544 |
| Pledges and grants receivable | $22,278,937 |
| Accounts receivable, net | $21,944,663 |
| 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 | $1,360,581 |
| Net Land, buildings, and equipment | $96,314,976 |
| Investments—publicly traded securities | $2,742,005 |
| Investments—other securities | $39,512,000 |
| Investments—program-related | $0 |
| Intangible assets | $399,119 |
| Other assets | $872,801 |
| Total assets | $211,512,056 |
| Accounts payable and accrued expenses | $4,091,373 |
| Grants payable | $0 |
| Deferred revenue | $1,448,394 |
| 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 | $14,730,982 |
| Total liabilities | $20,270,749 |
| Net assets without donor restrictions | $190,516,029 |
| Net assets with donor restrictions | $725,278 |
| 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 | $211,512,056 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Hudson-Alpha Institute For Biotechnology has recieved totaling $434,167.
| Awarding Organization | Amount |
|---|---|
Rf Catalytic Capital Inc New York, NY PURPOSE: PARTNERSHIP TO SCALE COVID-19 TESTING | $275,439 |
Community Foundation Of Greater Huntsville Huntsville, AL PURPOSE: HEALTH | $87,350 |
Sarcoma Foundation Of America Inc Damascus, MD PURPOSE: CANCER RESEARCH | $50,000 |
Breast Cancer Research Foundation Of Alabama Birmingham, AL PURPOSE: THE FUNDS ARE USED FOR EXPANDING INNOVATIVE CANCER RESEARCH AND FOR PURCHASING NECESSARY SUPPLIES NEEDED FOR THIS RESEARCH. | $20,000 |
Protective Life Foundations Birmingham, AL PURPOSE: 2021 MVP AWARD (ALABAMA A AND M) | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $378 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hudson-Alpha Institute For Biotechnology Huntsville, AL | $211,512,056 | $51,805,437 |
Mote Marine Laboratory Sarasota, FL | $89,374,778 | $43,949,179 |
Ut-Battelle Development Corporation Oak Ridge, TN | $76,867,878 | $25,092,560 |
Georgia Research Alliance Inc Atlanta, GA | $8,906,485 | $14,658,873 |
Center For Transportation And The Enviroment Inc Atlanta, GA | $3,772,677 | $13,099,404 |
Imec Usa Nanoelectronics Design Center Kissimmee, FL | $7,792,291 | $5,398,938 |
University Of Mississippi Research Foundation University, MS | $15,276,528 | $729,885 |
Inwater Group Research Inc Jensen Beach, FL | $197,337 | $1,026,199 |
Plantrician Project Boynton Beach, FL | $376,668 | $807,186 |
Hack Augusta Augusta, GA | $47,185 | $725,558 |
Southeast Innovation Institute Dacula, GA | $115,352 | $348,493 |
Gap Group Inc Americus, GA | $537,059 | $502,207 |