Broad Institute Inc
79% goes to programs $1 to raise $100 Strong reserves Declining revenue
Broad Institute Inc is a 501(c)(3) organization based in Cambridge, Massachusetts, registered in 2009, with $831,109,480 in FY2023 revenue. CharityIndex grades it A, and it directs about 79% of spending to programs.
415 Main St, Cambridge, MA, 02142 EIN 26-3428781 Since 2009
Revenue (FY2023)
$831.1M
▼ 3.4% vs prior year
Medical Research median: $217K
Expenses (FY2023)
$752.5M
Net assets
$2.2B
Employees
2,726
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating79% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Broad Institute Inc: 79% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating35 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Broad Institute Inc: 35 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Broad Institute Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Broad Institute Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o.
Contact & location
- Address
- 415 Main St, Cambridge, MA, 02142
- City
- Cambridge
- State
- Massachusetts
- Category
- Medical Research
- Subcategory
- Birth Defects Research
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $411.6M (FY2013) to $831.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $741.0MNet assets $2.2B
Operating margin
9.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.9B
Total liabilities
$741.0M
Net assets
$2.2B
Salaries & benefits
$324.3M
43% of expenses
Board members
17
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $831,109,480▼3.4% | $752,531,863▲3.0% | $2,204,102,181▲8.2% | $2,945,064,927▲10.1% | 990 |
| 2022 | $860,350,571▼18.1% | $730,483,898▼11.6% | $2,037,645,809▲4.0% | $2,674,332,180▼2.0% | 990 |
| 2021 | $1,051,116,110▼21.3% | $826,345,984▼4.1% | $1,959,425,465▲7.9% | $2,728,165,745▲3.9% | 990 |
| 2020 | $1,335,739,561▲128% | $861,969,125▲65.3% | $1,815,628,532▲71.1% | $2,626,387,661▲57.6% | 990 |
| 2019 | $586,860,976▲9.3% | $521,492,487▲2.7% | $1,061,070,514▲7.6% | $1,666,576,375▲5.9% | 990 |
| 2018 | $536,846,609▲20.0% | $507,857,066▲8.3% | $986,379,335▲5.7% | $1,573,269,113▲1.4% | 990 |
| 2017 | $447,333,733▲3.3% | $469,025,486▲9.7% | $933,366,296▼2.0% | $1,551,169,999▲4.0% | 990 |
| 2016 | $433,050,321▲19.5% | $427,652,805▲5.0% | $952,273,190▲2.5% | $1,491,257,449▲2.5% | 990 |
| 2015 | $362,434,099▲2.1% | $407,233,937▲28.3% | $928,907,756▼4.6% | $1,455,268,284▲5.0% | 990 |
| 2014 | $355,145,252▼13.7% | $317,486,413▲4.8% | $974,109,154▲5.1% | $1,385,449,314▲3.2% | 990 |
| 2013 | $411,625,762 | $303,012,862▲7.0% | $926,970,890▲15.0% | $1,342,875,416▲9.3% | 990 |
| 2012 | — | $283,128,001▲2.9% | $806,353,367▲13.3% | $1,228,067,672▲5.5% | 990 |
| 2011 | — | $275,175,417▼4.3% | $711,390,975▲0.9% | $1,164,010,495▲0.3% | 990 |
| 2010 | — | $287,612,575▲21.9% | $705,070,158▲9.9% | $1,160,478,935▲57.1% | 990 |
| 2009 | — | $235,970,978 | $641,536,057 | $738,817,647 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Todd Golub — $890,581 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Todd Golub | Institute Director | 60 | $890,581 |
| Stacey Gabriel | Evp, Platforms and Scientific Execution | 60 | $672,468 |
| Eric Lander | Core Institute Member (beg 2/23) | 60 | $621,897 |
| Morgan Sheng | Core Institute Member | 60 | $597,779 |
| Cara Mason | Director, Ewsc Operations (until 6/23) | 60 | $549,072 |
| Dan Shore | Chief Operating Officer/treasurer (until 6/24) | 60 | $485,577 |
| Michael Christiano | Chief Business Officer | 60 | $439,630 |
| Priya Mccue | Chief Development Officer | 60 | $431,511 |
| Jesse Souweine | Chief Operating Officer (until 9/23) | 60 | $410,610 |
| Emme Handy | Chief Financial Officer/treasurer (beg 6/24) | 60 | $311,197 |
| Wanda Cordova | Senior Advisor To the Cfo/assistant Treasurer | 60 | $281,336 |
| Corrina L Hale | Senior Counsel/clerk | 60 | $248,177 |
| Laurie Pessah | Bod Admin/assistant Clerk | 60 | $169,961 |
| Alan Garber | Director (beg 1/24) | 1 | — |
| Arthur Levinson | Director | 1 | — |
| Claudine Gay | Director (7/23-1/24) | 1 | — |
| David Baltimore | Director | 1 | — |
| Eric E Schmidt | Director | 1 | — |
| George Daley | Director | 1 | — |
| Gerun Riley | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Turner Construction Company | Construction | $30,629,722 |
| Structure Tone LLC | Construction | $14,477,254 |
| The Richmond Group LLC | Construction | $14,470,418 |
| Huron Consulting Group LLC | Business Consulting | $9,191,447 |
| Johnson Marcou & Issacs LLC | Legal | $6,040,760 |
Grants received · $847.1M total
310 grants to Broad Institute Inc totaling $847.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Milken Institute | Bipolar disorder research | 2024 | $4,500,000 |
| Entertainment Industry Foundation | General program | 2024 | $1,140,000 |
| Entertainment Industry Foundation | General program | 2024 | $1,140,000 |
| Alzheimers Disease and Related Disorders Association Inc | Program support | 2024 | $1,091,925 |
| Silicon Valley Community Foundation | Health | 2024 | $1,005,000 |
| American Heart Association Inc | Research | 2024 | $360,308 |
| Michael J Fox Foundation For Parkinsons Research | Parkinson's research | 2024 | $329,067 |
| American Diabetes Association Inc | Innovative clinical or translational science precision medicine | 2024 | $199,993 |
| American Lung Association | Research | 2024 | $100,000 |
| American Diabetes Association Inc | Postdoctoral fellowship | 2024 | $76,600 |
| American Online Giving Foundation Inc | General support | 2024 | $15,917 |
| Howard Hughes Medical Institute | Medical research | 2024 | $10,000 |
| Stanley Fund For the Broad Institute | To provide financial support for the organization's stanley center. | 2023 | $59,877,532 |
| Donor Advised Charitable Giving | Health | 2023 | $32,285,000 |
| Vanderbilt University Medical Center | Research | 2023 | $12,024,402 |
Grants made · $83.2M in FY2023
86 grants totaling $83.2M in FY2023 — showing the 15 largest. All grants made by Broad Institute Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| President and Fellows of Harvard College | Research | $12,734,098 |
| Beth Israel Deaconess Medical Center Inc | Research | $10,111,945 |
| Mass General Brigham Incorporated | Research | $9,486,030 |
| Color Genomics Inc | Research | $5,948,745 |
| Massachusetts Institute of Technology | Research | $5,108,485 |
| Geisinger Clinic | Research | $3,197,152 |
| Dana-farber Cancer Institute | Research | $3,193,207 |
| Mass General Brigham Incorporated | Research | $2,400,167 |
| Regents of the University of California | Research | $2,025,558 |
| Emugen Therapeutics LLC | Research | $2,000,000 |
| Fathom Information Design (ben Fry LLC) | Research | $1,932,742 |
| Eurofins Discoverx Products LLC | Research | $1,495,276 |
| The Board of Trustees of the Leland Stanford Junior University | Research | $1,223,921 |
| Color Health Inc | Research | $1,203,940 |
| Regents of the University of Michigan | Research | $1,189,552 |
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Frequently asked questions
- Is Broad Institute Inc a legitimate nonprofit?
- Yes. Broad Institute Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-3428781, based in Cambridge, Massachusetts. Donations are tax-deductible.
- What is Broad Institute Inc's EIN?
- Broad Institute Inc's Employer Identification Number (EIN) is 26-3428781.
- How much revenue does Broad Institute Inc report?
- Broad Institute Inc reported $831,109,480 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Broad Institute Inc's spending goes to programs?
- Broad Institute Inc spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Broad Institute Inc have?
- CharityIndex grades Broad Institute Inc A, based on program efficiency and fundraising cost.
- How much does Broad Institute Inc's highest-paid employee make?
- The highest reported compensation on Broad Institute Inc's latest Form 990 is $890,581, paid to Todd Golub (Institute Director).
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Data for Broad Institute Inc (EIN 26-3428781) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.