Arc Research Institute is located in Palo Alto, CA. 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 12/2022, Arc Research Institute employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arc 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 12/2022, Arc Research Institute generated $96.6m in total revenue. All expenses for the organization totaled $32.8m during the year ending 12/2022. While expenses have increased by 124.3% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ACCELERATE SCIENTIFIC PROGRESS AND UNDERSTAND THE ROOT CAUSES OF COMPLEX DISEASES. THIS CHALLENGE REQUIRES RESEARCHERS ACROSS MANY DISCIPLINES TO STUDY FUNDAMENTAL BIOLOGICAL MECHANISMS, DEVELOP NEW TECHNOLOGIES, AND INNOVATE ON THERAPEUTIC CONCEPTS. BY DOING THIS, WE AIM TO IMPROVE HUMAN HEALTH BY NARROWING THE GAP BETWEEN DISCOVERIES AND IMPACT ON PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADQUARTERED IN PALO ALTO, CALIFORNIA, ARC IS A NONPROFIT RESEARCH ORGANIZATION FOUNDED ON THE BELIEF THAT MANY IMPORTANT SCIENTIFIC PROGRAMS CAN BE ENABLED BY NEW ORGANIZATIONAL MODELS. ARC OPERATES IN PARTNERSHIP WITH STANFORD UNIVERSITY, UCSF, AND UC BERKELEY. ARC GIVES SCIENTISTS NO-STRINGS-ATTACHED, MULTI-YEAR FUNDING, SO THAT THEY DON'T HAVE TO APPLY FOR EXTERNAL GRANTS, AND INSTEAD CAN INVEST IN THE RAPID DEVELOPMENT OF EXPERIMENTAL AND COMPUTATIONAL TECHNOLOGICAL TOOLS. AS INDIVIDUALS, ARC RESEARCHERS COLLABORATE ACROSS DIVERSE DISCIPLINES TO STUDY COMPLEX DISEASES, INCLUDING CANCER, NEURODEGENERATION, AND IMMUNE DYSFUNCTION. AS AN ORGANIZATION, ARC STRIVES TO ENABLE AMBITIOUS, LONG-TERM RESEARCH AGENDAS. THE GILBERT LAB'S EXPERTISE IS IN SYNTHETIC BIOLOGY, FUNCTIONAL GENOMICS AND CANCER BIOLOGY. WE BUILD CRISPR EPIGENETIC EDITING TOOLS TO TURN GENES ON AND OFF AND TO PERTURB GENE REGULATORY ELEMENTS. WE ARE DEVELOPING CRISPR FUNCTIONAL GENOMICS APPROACHES TO MAP INDIVIDUAL GENES OR SETS OF GENES THAT REGULATE PHENOTYPES OF INTEREST IN VITRO AND IN VIVO. WE ARE FOCUSED ON UTILIZING OUR EXPERTISE TO TACKLE BIG PROBLEMS IN DEADLY HUMAN CANCERS SUCH AS METASTASIS AND DRUG RESISTANCE. THE HSU LAB WORKS AT THE INTERSECTION OF SYNTHETIC BIOLOGY AND GENOMICS TO INVENT NEW BIOTECHNOLOGIES FOR IMPROVING HUMAN HEALTH. THE KONERMANN LAB DEVELOPS AND APPLIES NEXT-GENERATION FUNCTIONAL GENOMICS TO UNDERSTAND THE CELLULAR AND MOLECULAR PATHWAYS UNDERLYING THE NEURONAL SYSTEM AND NEURODEGENERATIVE DISEASE, WITH THE LONG-TERM GOAL OF DEVELOPING RATIONALLY TARGETED THERAPEUTICS FOR NEURODEGENERATIVE DISORDERS. AT THE LI LAB WE COMBINE CHEMISTRY, BIOCHEMISTRY, IMMUNOLOGY, AND PHYSIOLOGY TO UNCOVER BASIC MECHANISMS IN INNATE IMMUNITY AND, IN PARALLEL, DEVELOP THERAPEUTIC HYPOTHESES AND LEAD MOLECULES. INNATE IMMUNE PATHWAYS AS THE FIRST LINE OF DEFENSE AGAINST PATHOGENS PRESENT MANY EXCITING OPPORTUNITIES FOR SCIENTISTS FROM MANY DISCIPLINES. THESE PATHWAYS ARE A RICH SOURCE OF NOVEL CHEMISTRY: THEY INVOLVE DIVERSE MOLECULAR PATTERNS IN PATHOGENS, LITTLE-EXPLORED SECOND MESSENGERS, AND DRUGS WITH POORLY UNDERSTOOD MECHANISM. ACTIVATION OF INNATE IMMUNITY IS A PROVEN THERAPEUTIC STRATEGY FOR VACCINATION, VIRAL INFECTION, AND CANCER, WHILE INHIBITION IS A STRATEGY FOR TREATING AUTOIMMUNE DISEASES AND NEURODEGENERATION. TO DATE, HOWEVER, MOST MODULATORS OF INNATE IMMUNITY ARE BROAD, NON-SPECIFIC, AND POORLY CHARACTERIZED, SUCH AS KILLED BACTERIA, ALUM CRYSTALS, AND STEROIDS. THE LI LAB SEEKS TO IMPROVE UNDERSTANDING OF THESE PATHWAYS AND FACILITATE THE DEVELOPMENT OF MORE PRECISE DRUGS FOR PREVENTING OR TREATING SPECIFIC DISEASES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Secretary/director | OfficerTrustee | 1 | $36,000 |
Name Not Listed COO | Officer | 40 | $76,944 |
Name Not Listed Treasurer (until February 2022) | Officer | 1 | $0 |
Name Not Listed General Counsel | Officer | 40 | $128,793 |
Name Not Listed COO (until February 2022) | Officer | 40 | $176,508 |
Name Not Listed University Relations & Academic Affairs | Officer | 40 | $187,122 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Arnold & Porter Kaye Scholer Llp Legal Services | 12/30/22 | $493,965 |
Baker & Mckenzie Llp Legal Services | 12/30/22 | $964,265 |
Acme Marsh Llc Hr | 12/30/22 | $359,300 |
Zoo Ventures Llc Science Consulting | 12/30/22 | $126,500 |
Vicki Lin Llc Marketing | 12/30/22 | $166,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $97,360,040 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $97,360,040 |
Total Program Service Revenue | $0 |
Investment income | $300,142 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$1,084,154 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $96,576,028 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $819,000 |
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. | $1,405,920 |
Compensation of current officers, directors, key employees. | $833,570 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,792,462 |
Pension plan accruals and contributions | $71,006 |
Other employee benefits | $334,791 |
Payroll taxes | $358,766 |
Fees for services: Management | $464,522 |
Fees for services: Legal | $1,758,201 |
Fees for services: Accounting | $126,469 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,521,181 |
Advertising and promotion | $24,183 |
Office expenses | $550,216 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $14,443,097 |
Travel | $442,816 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $113,721 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $802,120 |
Insurance | $158,702 |
All other expenses | $116,119 |
Total functional expenses | $32,795,122 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $38,341,866 |
Savings and temporary cash investments | $618,831 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $11,357 |
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 | $1,429,524 |
Net Land, buildings, and equipment | $47,856,273 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,000,000 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $60,857,768 |
Total assets | $150,115,619 |
Accounts payable and accrued expenses | $8,439,343 |
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 | $69,200,006 |
Total liabilities | $77,639,349 |
Net assets without donor restrictions | $72,476,270 |
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 | $150,115,619 |