Usona Institute Inc
- Assets
- $38.7m
- Revenue
- $18.8m
- Investments
- $11.2m
- Employees
- 5
- Location
- Madison, WI
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1349730
Organization Overview
Usona Institute Inc is located in Madison, WI. The organization was established in 2014. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2021, Usona Institute Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usona 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 12/2021, Usona Institute Inc generated $18.8m in total revenue. All expenses for the organization totaled $13.9m during the year ending 12/2021. While expenses have increased by 53.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FURTHER RESEARCH OF THERAPEUTIC EFFECTS OF CONSCIOUSNESS-EXPANDING MEDICINES FOR DEPRESSION/ANXIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTS AND SUPPORTS PRE-CLINICAL AND CLINICAL RESEARCH TO FURTHER THE UNDERSTANDING OF THE THERAPEUTIC EFFECTS OF PSILOCYBIN AND OTHER CONSCIOUSNESS-EXPANDING MEDICINES. UNIVERSITY OF WISCONSIN HOSPITALS AND CLINICS (UW) SERVES AS A CLINICAL RESEARCH CENTER ASSOCIATED WITH THE UNIVERSITY OF WISCONSIN-MADISON. THERE ARE SEVERAL USONA COLLABORATIONS WITH THE UW THAT INCLUDE RESEARCHERS AND STAFF UNDER APPOINTMENT WITH THE HOSPITAL. USONA HAS CONTRACTED SAFETY AND EFFICACY CLINICAL STUDIES WITH THE UW FOR OUR DRUG DEVELOPMENT PROGRAMS, OFFERS INTERNSHIPS, FUNDS UW SCHOLARSHIPS, AND IS BUILDING A FUTURE TRAINING PROGRAM FOR CLINICAL FACILITATORS IN PARTNERSHIP WITH THE UW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Jesse Secretary | OfficerTrustee | 5 | $36,000 |
Craig Christianson Treasurer | OfficerTrustee | 5 | $0 |
William A Linton President | OfficerTrustee | 5 | $0 |
Richard Langer Board Member | Trustee | 5 | $0 |
Carey Turnbull Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bracket Global Llc Centralized Rating Service | 12/30/19 | $324,121 |
Almac Sciences Ltd Contract Manufacturing | 12/30/19 | $947,921 |
Almac Pharma Services Contract Manufacturing | 12/30/19 | $192,878 |
The Emmes Company Llc Contract Research | 12/30/19 | $1,175,789 |
Charles Raison Clinical & Translational Reseach Service | 12/30/19 | $151,375 |
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 | $19,196,654 |
| Noncash contributions included in lines 1a–1f | $7,875,849 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,196,654 |
| Total Program Service Revenue | $17,929 |
| Investment income | $10,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,480 |
| Net Gain/Loss on Asset Sales | -$392,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,840,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,000 |
| Grants and other assistance to domestic individuals. | $160,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $187,049 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,797,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $346,371 |
| Payroll taxes | $17,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,693 |
| Fees for services: Accounting | $22,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,521,455 |
| Advertising and promotion | $50,041 |
| Office expenses | $4,136 |
| Information technology | $39,612 |
| Royalties | $0 |
| Occupancy | $109,624 |
| Travel | $34,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,511 |
| Insurance | $138,572 |
| All other expenses | $107,859 |
| Total functional expenses | $13,878,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,265,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,340,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,153,085 |
| Prepaid expenses and deferred charges | $283,482 |
| Net Land, buildings, and equipment | $14,985,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,228,305 |
| Investments—program-related | -$1,015 |
| Intangible assets | $0 |
| Other assets | $481,875 |
| Total assets | $38,737,266 |
| Accounts payable and accrued expenses | $9,076,297 |
| Grants payable | $176,345 |
| Deferred revenue | $53,100 |
| 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 | $9,305,742 |
| Net assets without donor restrictions | $29,431,524 |
| 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 | $38,737,266 |
Grants Awarded
Over the last fiscal year, Usona Institute Inc has awarded $175,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boulder, CO PURPOSE: SUPPORT OF THE INDIGENOUS PEYOTE CONSERVATION INITIATIVE PROJECT | $75,000 |
Berkeley, CA PURPOSE: SUPPORT OF THE GLOBAL INITIATIVE FOR PSYCHEDELIC SCIENCE ECONOMICS (GIPSE) PROJECT | $50,000 |
Grass Valley, CA PURPOSE: GRANT TO SUPPORT ORGANIZATION'S MISSION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Usona Institute Inc has recieved totaling $1,501,000.
| Awarding Organization | Amount |
|---|---|
Tiny Blue Dot Inc Santa Monica, CA PURPOSE: RESEARCH | $1,500,000 |
Barbour Family Foundation Boulder, CO PURPOSE: UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Family Institute Evanston, IL | $24,399,945 | $35,971,873 |
Hektoen Institute For Medical Research Chicago, IL | $65,726,936 | $31,693,206 |
Fraunhofer Usa Inc Plymouth, MI | $31,958,834 | $20,911,766 |
Arbor Research Collaborative For Health Ann Arbor, MI | $23,346,603 | $18,357,581 |
Usona Institute Inc Madison, WI | $38,737,266 | $18,840,870 |
American Dairy Association Of Michigan Inc Okemos, MI | $3,921,233 | $8,317,997 |
Advanced Textiles Association Roseville, MN | $7,913,490 | $8,259,339 |
Center For Veterans Research And Education Minneapolis, MN | $6,193,088 | $7,313,382 |
Center For Healthcare Research & Transformation Ann Arbor, MI | $2,198,670 | $6,645,435 |
Chicago Association For Research And Education In Science Hines, IL | $11,790,723 | $5,694,956 |
Innovative Lifestyles Inc Clarkston, MI | $1,440,300 | $6,333,556 |