Van Andel Research Institute
- Assets
- $197.2m
- Revenue
- $340.0m
- Investments
- $6.5m
- Employees
- 554
- Location
- Grand Rapids, MI
- Founding
- 07/1997
- Data as of
- 11/2023
- EIN
- 52-2000823
Organization Overview
Van Andel Research Institute is located in Grand Rapids, MI. The organization was established in 1997. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. As of 11/2023, Van Andel Research Institute employed 554 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Van Andel Research Institute 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 11/2023, Van Andel Research Institute generated $340.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $112.0m during the year ending 11/2023. While expenses have increased by 5.6% 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.
Since 2015, Van Andel Research Institute has awarded 32 individual grants totaling $8,293,185. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL RESEARCH ORGANIZATION
Describe the Organization's Program Activity:
DEPARTMENT OF EPIGENETICSSCHEDULE O PROVIDES FURTHER INFORMATION REGARDING THIS PROGRAM'S ACCOMPLISHMENTS.
DEPARTMENT OF NEURODEGENERATIVE SCIENCESCHEDULE O PROVIDES FURTHER INFORMATION REGARDING THIS PROGRAM'S ACCOMPLISHMENTS.
DEPARTMENT OF METABOLISM AND NUTRITIONAL PROGRAMMINGSEE SCHEDULE O FOR FURTHER INFORMATION ABOUT THIS PROGRAM'S ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Van Andel Chairman / CEO | OfficerTrustee | 23 | $621,229 |
Dr James Fahner Trustee | Trustee | 1 | $9,500 |
Dr Max Wicha Trustee | Trustee | 1 | $14,000 |
Dr Michelle Lebeau Trustee | Trustee | 1 | $9,000 |
Dr Tom Demeester Trustee (end 12/12/2022) | Trustee | 1 | $8,000 |
Dr Ralph Deberardinis Trustee (beg. 11/20/2023) | Trustee | 1 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Huron Consulting Group Inc Consulting Services | 11/29/23 | $1,342,423 |
Two By Four Ltd Consulting Services | 11/29/23 | $1,261,455 |
Mcpc Inc Helpdesk Services | 11/29/23 | $512,623 |
Bluewater Technologies Inc Audio/visual Services | 11/29/23 | $321,032 |
Illumina Maintenance Services | 11/29/23 | $294,577 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $548,443 |
| Related organizations | $286,296,293 |
| Government grants | $33,530,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,281,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,656,765 |
| Total Program Service Revenue | $882,195 |
| Investment income | $69,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $38,057 |
| Net Rental Income | $8,436 |
| Net Gain/Loss on Asset Sales | $30,741 |
| Net Income from Fundraising Events | -$100,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,470 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $340,011,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $689,500 |
| Grants and other assistance to domestic individuals. | $2,022,778 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,105,624 |
| Compensation of current officers, directors, key employees. | $3,108,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,005,351 |
| Pension plan accruals and contributions | $4,293,326 |
| Other employee benefits | $5,241,166 |
| Payroll taxes | $3,274,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $561,645 |
| Fees for services: Accounting | $61,683 |
| Fees for services: Lobbying | $96,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,267,604 |
| Advertising and promotion | $2,254,456 |
| Office expenses | $65,378 |
| Information technology | $384,055 |
| Royalties | $0 |
| Occupancy | $2,728,122 |
| Travel | $1,298,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $501,955 |
| Interest | $1,317,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,375,602 |
| Insurance | $907,545 |
| All other expenses | $4,038,010 |
| Total functional expenses | $112,044,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,022,317 |
| Pledges and grants receivable | $5,763,820 |
| Accounts receivable, net | $12,329,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $92,287 |
| Inventories for sale or use | $335,429 |
| Prepaid expenses and deferred charges | $2,879,312 |
| Net Land, buildings, and equipment | $168,320,709 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,450,039 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $197,193,153 |
| Accounts payable and accrued expenses | $15,331,023 |
| Grants payable | $0 |
| Deferred revenue | $1,490,194 |
| 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 | $16,821,217 |
| Net assets without donor restrictions | $173,639,772 |
| Net assets with donor restrictions | $6,732,164 |
| 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 | $197,193,153 |
Grants Awarded
Over the last fiscal year, Van Andel Research Institute has awarded $674,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
STAND UP TO CANCER PURPOSE: RESEARCH COLLABORATION | $625,000 |
THE ECONOMIC CLUB OF GRAND RAPIDS PURPOSE: GROWING ECONOMIC HEALTH OF GRAND RAPIDS | $25,000 |
GORDON RESEARCH PURPOSE: FUNDING METABOLOMICS AND HUMAN HEALTH CONFERENCE | $7,500 |
FRIENDS OF CRESCENT PARK PURPOSE: SUPPORT MAINTENANCE OF CRESCENT PARK | $17,000 |