Morgridge Institute Foundation Inc is located in Madison, WI. The organization was established in 2017. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgridge Institute Foundation 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, Morgridge Institute Foundation Inc generated $74.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $15.5m during the year ending 06/2021. 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
THE MORGRIDGE INSTITUTE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE MORGRIDGE INSTITUTE FOR RESEARCH, INC., A TAX-EXEMPT 501(C)3 MEDICAL RESEARCH ORGANIZATION AFFILIATED WITH THE UNIVERSITY OF WISCONSIN - MADISON.THE FOUNDATION ADMINISTERS GIFTS, GRANTS, BEQUESTS, AND DEVISES TO PROMOTE, ENCOURAGE, AND AID THE MISSION AND VISION OF THE INSTITUTE, WHICH IS TO SOLVE MAJOR CHALLENGES TO HUMAN HEALTH BY CONDUCTING, ENABLING, AND TRANSLATING INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN - MADISON AND OTHERS, BY LEVERAGING OUR COLLECTIVE STRENGTH IN RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO SUPPORT THE MORGRIDGE INSTITUTE FOR RESEARCH, INC. THE GRANT PROVIDED IS USED BY THE INSTITUTE TO CONDUCT, ENABLE, AND TRANSLATE INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brad Schwartz Ceo/trustee | OfficerTrustee | 0.25 | $0 |
Carl Gulbrandsen Trustee/chair | OfficerTrustee | 0.25 | $0 |
Fred Robertson Trustee/vice Chair | OfficerTrustee | 0.25 | $0 |
Kathi Stanek Cfo/coo/treasurer | Officer | 0.25 | $0 |
Brian Mattmiller Chief Communications Dir./secretary | Officer | 0.25 | $0 |
Erik Iverson Trustee | Trustee | 0.25 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $13,233,137 |
Investment income | $1,655,214 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $60,053,778 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $74,942,129 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $2,357,466 |
Fees for services: Other | $120,097 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $15,451,836 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $20,892,071 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Investments—publicly traded securities | $457,589,669 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $12,827,479 |
Total assets | $491,309,219 |
Accounts payable and accrued expenses | $133,000 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $20,192,245 |
Total liabilities | $20,325,245 |
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 | $470,983,974 |
Over the last fiscal year, Morgridge Institute Foundation Inc has awarded $12,581,431 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Madison, WI PURPOSE: TO SUPPORT ONGOING RESEARCH & EDUCATION | $12,474,822 |
Madison, WI PURPOSE: TO SUPPORT ONGOING RESEARCH & EDUCATION | $106,609 |
Over the last fiscal year, we have identified 3 grants that Morgridge Institute Foundation Inc has recieved totaling $895,290.
Awarding Organization | Amount |
---|---|
John W And Jeanne M Rowe Foundation Albany, NY PURPOSE: GENERAL PURPOSES OF ORGANIZATION | $894,271 |
The Robert Thomas Bobins Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Beg. Balance | $47,525,009 |
Earnings | -$3,696,383 |
Grants | $828,205 |
Ending Balance | $43,000,421 |
Organization Name | Assets | Revenue |
---|---|---|
Morgridge Institute Foundation Inc Madison, WI | $491,309,219 | $74,942,129 |
Area Ambulance Authority Cedar Rapids, IA | $10,871,659 | $8,115,144 |
Emily G Plumb Charitable Trust 02-40073 Chicago, IL | $40,196,560 | $2,064,076 |
Miles And Shirley Fiterman Endowment Fund Rochester, MN | $0 | $86,393 |
Allsup Charitable Services Inc Belleville, IL | $56,195 | $1,271,531 |
West Side Institute For Science And Education Chicago, IL | $0 | $965,979 |
Star Legacy Foundation Eden Prairie, MN | $1,266,259 | $739,217 |
International Clinical Cytometry Society Glenview, IL | $947,003 | $624,954 |
National Niemann-Pick Disease Foundation Fort Atkinson, WI | $850,802 | $499,229 |
American Board Of Medical Specialties Research & Education F Chicago, IL | $305,881 | $0 |
Design Industries Foundation Fighting Aids-Chicago Inc Chicago, IL | $1,326,624 | $272,741 |
Familial Dysautonomia Now Foundation Buffalo Grove, IL | $882,138 | $293,462 |