Van Andel Research Institute
- Assets
- $289.6m
- Revenue
- $88.9m
- Investments
- $6.3m
- Employees
- 525
- Location
- Grand Rapids, MI
- Founding
- 07/1997
- Data as of
- 11/2020
- 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 11/2021, Van Andel Research Institute employed 525 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 11/2020, Van Andel Research Institute generated $88.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $94.4m during the year ending 11/2020. While expenses have increased by 4.5% 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.
Since 2015, Van Andel Research Institute has awarded 26 individual grants totaling $6,343,685. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL RESEARCH ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPARTMENT FOR CELL BIOLOGY SCHEDULE O PROVIDES FURTHER INFORMATION REGARDING THIS PROGRAM'S ACCOMPLISHMENTS.
DEPARTMENT FOR EPIGENETICSSCHEDULE O PROVIDES FURTHER INFORMATION REGARDING THIS PROGRAM'S ACCOMPLISHMENTS.
DEPARTMENT FOR NEURODEGENERATIVE SCIENCESEE SCHEDULE O FOR FURTHER INFORMATION ABOUT THIS PROGRAM'S ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Vogelsang Chief Investment Officer | 45 | $917,544 | |
Dr Peter Jones Chief Scientific Officer & Res. Dir. | Officer | 52 | $837,546 |
Dr Patrik Brundin Associate Research Director | 45 | $571,604 | |
Dr Jana Hall Chief Operations Officer | Officer | 52 | $530,961 |
Ted Heilman Assoc Direct-Sr. Portfolio Mgr. | 45 | $511,979 | |
Dr Peter Laird Distinguished Investigator | 45 | $460,314 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Warner Norcross & Judd Attorney Services | 11/29/21 | $1,021,286 |
Mcpc Inc Helpdesk Services | 11/29/21 | $519,109 |
Allied Universal Security Services Security Services | 11/29/21 | $291,253 |
Two By Four Ltd Consulting Services | 11/29/21 | $322,752 |
Cisco Lessee Direct Financing Services | 11/29/21 | $359,793 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,336,784 |
| Investment income | $414,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,392 |
| Net Rental Income | -$1,961 |
| Net Gain/Loss on Asset Sales | $31,518 |
| Net Income from Fundraising Events | -$49,274 |
| Net Income from Gaming Activities | -$3,661 |
| Net Income from Sales of Inventory | $8,255 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,891,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $512,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,270,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,488,373 |
| Pension plan accruals and contributions | $2,945,386 |
| Other employee benefits | $3,956,520 |
| Payroll taxes | $2,320,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,556,708 |
| Fees for services: Accounting | $128,809 |
| Fees for services: Lobbying | $96,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,276,977 |
| Advertising and promotion | $981,123 |
| Office expenses | $196,114 |
| Information technology | $376,019 |
| Royalties | $371 |
| Occupancy | $2,537,460 |
| Travel | $219,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,578 |
| Interest | $8,726,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,763,681 |
| Insurance | $630,655 |
| All other expenses | $0 |
| Total functional expenses | $94,429,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $963,154 |
| Pledges and grants receivable | $4,442,322 |
| Accounts receivable, net | $3,727,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,493,561 |
| Inventories for sale or use | $689,899 |
| Prepaid expenses and deferred charges | $1,988,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,250,777 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,600,000 |
| Total assets | $289,629,145 |
| Accounts payable and accrued expenses | $113,769,230 |
| Grants payable | $0 |
| Deferred revenue | $3,488,051 |
| Tax-exempt bond liabilities | $219,755,485 |
| 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 | $116,481,853 |
| Total liabilities | $453,494,619 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$163,865,474 |
Grants Awarded
Over the last fiscal year, Van Andel Research Institute has awarded $640,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: RESEARCH COLLABORATION | $625,000 |
Grand Rapids, MI PURPOSE: SUPPORT MAINTENANCE OF CRESCENT PARK | $10,000 |
Rockville, MD PURPOSE: SUPPORT FOR MEMBRANE TRANSPORT SYMPOSIUM | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Van Andel Research Institute has recieved totaling $2,844,653.
| Awarding Organization | Amount |
|---|---|
American Cancer Society Inc Kennesaw, GA PURPOSE: Extramural Research Grant | $792,000 |
Paul G Allen Family Foundation Seattle, WA PURPOSE: TO SUPPORT DEFINING INFECTION-INDUCED METABOLIC REPROGRAMMING: FROM CELLS TO SYSTEMS | $500,000 |
Farmer Family Foundation Cincinnati, OH PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $500,000 |
American Heart Association Inc Dallas, TX PURPOSE: RESEARCH | $376,020 |
The Meijer Foundation Grand Rapids, MI PURPOSE: PROGRAM SUPPORT | $160,000 |
Michael J Fox Foundation For Parkinsons Research New York, NY PURPOSE: PARKINSON'S RESEARCH | $100,000 |
Endowment Analysis
| Beg. Balance | $790,427 |
| Earnings | $107,939 |
| Net Contributions | $16,000 |
| Other Expense | $192 |
| Ending Balance | $914,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Research Institute Grand Rapids, MI | $289,629,145 | $88,891,678 |
Barbara Ann Karmanos Cancer Institute Detroit, MI | $178,546,301 | $20,601,972 |
Premier Community Health Dayton, OH | $3,886,537 | $6,142,148 |
Abraham J And Phyllis Katz Cord Blood Foundation Cleveland, OH | $4,596,233 | $6,882,274 |
Maple Tree Cancer Alliance Dayton, OH | $804,446 | $1,383,913 |
Ohio Cancer Research Associates Columbus, OH | $302,143 | $836,728 |
Ride Cincinnati Foundation Mason, OH | $83,063 | $561,556 |
Steven G Aya Cancer Research Fund Avon Lake, OH | $173,091 | $338,585 |
Marjorie B Graves Irrv Tr North Manchester, IN | $3,313,807 | $188,301 |
Peach Philanthropic Endowment Advancing Childrens Health Inc Holland, MI | $36,019 | $0 |
Brains For Hope Foundation Inc Fort Wayne, IN | $14,175 | $0 |
Arthur G James Cancer Hospital & Richard J Solove Rsrch Inst Fndtn Columbus, OH | $2,627,288 | $0 |