Institute For Protein Innovation Inc
- Assets
- $219.1m
- Revenue
- $200.8m
- Investments
- $0.0
- Employees
- 38
- Location
- Boston, MA
- Founding
- 02/2017
- Data as of
- 06/2021
- EIN
- 81-3250208
Organization Overview
Institute For Protein Innovation Inc is located in Boston, MA. The organization was established in 2017. 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 06/2021, Institute For Protein Innovation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Protein Innovation 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 06/2021, Institute For Protein Innovation Inc generated $200.8m in total revenue. All expenses for the organization totaled $9.3m during the year ending 06/2021. While expenses have increased by 77.2% per year over the past 5 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
TO ADVANCE PROTEIN SCIENCE TO ACCELERATE RESEARCH AND IMPROVE HUMAN HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE PROVIDES ACADEMIA AND INDUSTRY WITH SYNTHETIC ANTIBODIES AND DEEP PROTEIN EXPERTISE IN CONJUNCTION WITH BOSTON CHILDREN'S HOSPITAL AND OTHER ACADEMIC AND INDUSTRY PARTNERS. SINCE INCEPTION, THE INSTITUTE HAS PRODUCED APPROXIMATELY 5,000 ANTIBODIES AGAINST MORE THAN 200 PROTEIN TARGETS AND CHARACTERIZED MORE THAN 2,300 UNIQUE SYNTHETIC RECOMBINANT ANTIBODIES THROUGH ITS HIGH-THROUGHPUT ANTIBODY SELECTION PLATFORM. THE INSTITUTE IS COLLABORATING WITH RESEARCHERS IN INDUSTRY AND ACADEMIA TO USE THESE ANTIBODIES TO ACCELERATE RESEARCH AND ENABLE NEW THERAPEUTICS THAT IMPROVE HUMAN HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Burgin Executive Director (until 5/21) | Officer | 40 | $339,451 |
Wei Yang Dir. Of Target Discovery (until 5/21) | Officer | 40 | $200,944 |
Rob Meijers Interim Executive Director | 40 | $173,183 | |
Christopher Bahl Head Of Protein Design | 40 | $150,959 | |
Trisha Gura Dir. Communications/strategy Admin Operations | 40 | $144,654 | |
Robert Nobrega Senior Scientist | 40 | $128,896 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steepconsult Inc (Dba Arrayo) Software Development/support | 6/29/21 | $188,925 |
Hutchison Pllc Legal Services | 6/29/21 | $130,751 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $603,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,594,055 |
| Noncash contributions included in lines 1a–1f | $194,593,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,197,254 |
| Total Program Service Revenue | $905,688 |
| Investment income | $401,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,997 |
| Net Gain/Loss on Asset Sales | $4,239,281 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,786,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,359 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,898 |
| Compensation of current officers, directors, key employees. | $326,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,139,230 |
| Pension plan accruals and contributions | $97,166 |
| Other employee benefits | $360,920 |
| Payroll taxes | $322,214 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $308,060 |
| Fees for services: Accounting | $63,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $320,678 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,419,833 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $648,397 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,301,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $757,436 |
| Savings and temporary cash investments | $79,840,002 |
| Pledges and grants receivable | $68,308 |
| Accounts receivable, net | $105,304 |
| 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 | $476,182 |
| Net Land, buildings, and equipment | $4,118,758 |
| Investments—publicly traded securities | $133,527,357 |
| Investments—other securities | $0 |
| Investments—program-related | $42,415 |
| Intangible assets | $0 |
| Other assets | $144,640 |
| Total assets | $219,080,402 |
| Accounts payable and accrued expenses | $533,698 |
| Grants payable | $0 |
| Deferred revenue | $108,276 |
| 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 | $465,173 |
| Total liabilities | $1,107,147 |
| Net assets without donor restrictions | $217,966,608 |
| Net assets with donor restrictions | $6,647 |
| 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 | $219,080,402 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute For Protein Innovation Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-Institutional Therapeutics Discovery Institute Inc New York, NY | $5,819,394 | $16,905,997 |
Community Partners In Action Inc Hartford, CT | $16,042,672 | $16,238,720 |
Zachary And Elizabeth M Fisher Center For Alzheimers Research Fdn New York, NY | $40,802,431 | $10,021,313 |
American Thrombosis And Hemostasisnetwork Inc Rochester, NY | $10,168,996 | $13,364,540 |
Football Research Inc New York, NY | $4,325,864 | $9,164,438 |
Institute For Protein Innovation Inc Boston, MA | $219,080,402 | $200,786,087 |
Center For Information And Study On Clinical Research Participation Boston, MA | $5,283,770 | $9,262,941 |
Vermont Oxford Network Inc Burlington, VT | $14,865,425 | $8,539,572 |
Bronx Veterans Medical Research Foundation Inc Bronx, NY | $9,078,068 | $8,272,955 |
Citizens Committee For Children Of New York New York, NY | $3,634,711 | $3,821,090 |
Clinical Directors Network Inc New York, NY | $2,473,338 | $3,992,902 |
Veterans Education & Research Assoc Of Northern New England Inc White River Junction, VT | $3,547,647 | $3,052,642 |