Altius Institute For Biomedical Sciences is located in Seattle, WA. The organization was established in 2017. According to its NTEE Classification (H20) the organization is classified as: Birth Defects & Genetic Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Altius Institute For Biomedical Sciences employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Altius Institute For Biomedical Sciences 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, Altius Institute For Biomedical Sciences generated $44.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $33.1m during the year ending 12/2021. 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
TO RADICALLY ENABLE AND ADVANCE BIOMEDICAL DISCOVERY THROUGH THE DEVELOPMENT AND EXPLORATORY APPLICATION OF NEW TECHNOLOGIES AND APPROACHES FOR ILLUMINATING CELL AND TISSUE STATES AND FUNCTION. TO ACHIEVE THIS VISION, ALTIUS IS ESTABLISHING A WHOLLY NEW TYPE OF SCIENTIFIC AND TECHNOLOGICAL DISCOVERY ENVIRONMENT DESIGNED TO FOSTER LEAPS IN INNOVATION. ALTIUS WILL LEVERAGE ITS CUTTING-EDGE TECHNOLOGIES TO SPAN THE CHASM BETWEEN BASIC BIOLOGICAL DISCOVERIES RELATED TO THE FUNCTION OF CELLS AND TISSUES AND THE TRANSLATION OF THESE INSIGHTS INTO THE CLINICAL ARENA AND THE DEVELOPMENT OF NOVEL MEDICINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALTIUS DIRECTLY CONDUCTS AN ACTIVE AND MULTIFACETED PROGRAM OF BASIC SCIENCE RESEARCH IN THE FIELDS OF GENETICS AND BIOTECHNOLOGY. WE CONDUCT THE MAJORITY OF RESEARCH PROGRAMS DIRECTLY IN OUR OWN LABORATORIES LOCATED IN SEATTLE, WASHINGTON, AND ALSO COLLABORATE WITH ACADEMIC RESEARCH HOSPITALS. ALTIUS AIMS TO DISCOVER, DEVELOP, AND TRANSLATE FOR CLINICAL USE DATA AND TRANSFORMATIVE TECHNOLOGIES THAT ILLUMINATE THE CONTROL OF HUMAN GENES IN MEDICALLY IMPORTANT CELL AND TISSUE TYPES. OUR RESEARCH PROGRAMS FOCUS ON GAINING A RICHER UNDERSTANDING OF HUMAN CELLS IN HEALTH AND DISEASE FOR THE PURPOSE OF DEVELOPING NEW APPROACHES TO DIAGNOSING AND TREATING DISEASE. TOWARD THESE GOALS, ALTIUS EMPHASIZES THE DEVELOPMENT, SCALING AND TRANSLATIONAL APPLICATION OF DIVERSE TECHNOLOGY PLATFORMS, INCLUDING GENETIC AND GENOMIC ANALYSES, CELL AND GENOME ENGINEERING, SINGLE MOLECULE DNA AND CHROMATIN ANALYSIS, AND HIGH-RESOLUTION CELL IMAGING. THESE TECHNOLOGIES PROVIDE HIGHLY SENSITIVE WINDOWS INTO CELLULAR RESPONSE TO DISEASE, ENVIRONMENTAL EXPOSURES, AND POTENTIAL THERAPEUTIC AGENTS, AND THEY COLLECTIVELY OPEN NEW DOORS TO THE DISCOVERY OF NEW MEDICINES.IN RESPONSE TO THE PANDEMIC AND RELATED DISASTER DECLARATION, ALTIUS LEVERAGED ITS SCIENTIFIC EXPERTISE TO CREATE AND PROVIDE COVID-19 GENETIC TESTING SERVICES UNDER EMERGENCY CONTRACTS WITH GOVERNMENTAL AGENCIES. THESE SERVICES WERE FUNDED DIRECTLY OR INDIRECTLY BY ONE-TIME EMERGENCY APPROPRIATIONS WITHOUT CHARGE TO END RECIPIENTS. ALTIUS ALSO PROVIDED COVID-19 GENETIC TESTING SERVICES TO LOCAL AND NONPROFIT EDUCATIONAL ORGANIZATIONS. IN ADDITION, ALTIUS UTILIZED DATA DROM ITS GENETIC TESTING TO CONDUCT RESEARCH INTO COVID-19 EPIDEMIOLOGY AND VARIANTS IN COLLABORATION WITH GOVERNMENTAL AGENCIES AND ACADEMIC INSTITUTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Stamatoyannopoulos President/scientific Dir./treasurer | OfficerTrustee | 40 | $750,000 |
Chad Lundberg Chief Of Staff | 40 | $475,000 | |
Allister Funnell Deputy Director | 40 | $458,333 | |
Michael Cockril Chief Technology Officer | 40 | $320,000 | |
Jeff Vierstra Principal Investigator | 40 | $272,917 | |
Wouter Meuleman Principal Investigator | 40 | $272,792 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bozicevic Field & Francis Llp Legal | 12/30/20 | $203,364 |
Keith Grochow Software Engineering | 12/30/20 | $103,400 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,191,951 |
All other contributions, gifts, grants, and similar amounts not included above | $11,542,421 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $16,734,372 |
Total Program Service Revenue | $27,093,113 |
Investment income | $845 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $20,069 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$385,951 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $44,158,765 |
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 | $35,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,083,646 |
Compensation of current officers, directors, key employees. | $290,464 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,458,312 |
Pension plan accruals and contributions | $741,119 |
Other employee benefits | $1,004,805 |
Payroll taxes | $704,172 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,391,571 |
Advertising and promotion | $0 |
Office expenses | $222,908 |
Information technology | $1,558,010 |
Royalties | $0 |
Occupancy | $1,912,222 |
Travel | $39,007 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,118 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,098,908 |
Insurance | $93,781 |
All other expenses | $0 |
Total functional expenses | $33,064,396 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,252,615 |
Savings and temporary cash investments | $6,014,193 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $38,513,962 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $247,428 |
Prepaid expenses and deferred charges | $1,547,727 |
Net Land, buildings, and equipment | $12,472,040 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $16,225 |
Other assets | $14,200 |
Total assets | $61,078,390 |
Accounts payable and accrued expenses | $8,641,581 |
Grants payable | $0 |
Deferred revenue | $28,572,812 |
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 | $243,615 |
Total liabilities | $37,458,008 |
Net assets without donor restrictions | $23,620,382 |
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 | $61,078,390 |
Over the last fiscal year, we have identified 1 grants that Altius Institute For Biomedical Sciences has recieved totaling $163,500.
Awarding Organization | Amount |
---|---|
American Cancer Society Inc Kennesaw, GA | | $163,500 |
Organization Name | Assets | Revenue |
---|---|---|
Altius Institute For Biomedical Sciences Seattle, WA | $61,078,390 | $44,158,765 |
Sage Research Foundation Inc Boise, ID | $1,878,079 | $9,136,479 |
Pacific Northwest Bleeding Disorders Corvallis, OR | $613,534 | $628,881 |
Col Patrick S Madigan Md Foundation Lakewood, WA | $982,464 | $56,267 |
Biologic Institute Redmond, WA | $15,378 | $0 |