Burroughs Wellcome Fund
Only null% goes to programs Strong reserves Declining revenue
Burroughs Wellcome Fund is a 501(c)(3) organization based in Rtp, North Carolina, registered in 1972, with $70,516,184 in FY2023 revenue. CharityIndex grades it B.
21tw Alexander Drive, Rtp, NC, 27709 EIN 23-7225395 Since 1972
Revenue (FY2023)
$70.5M
▲ 151.5% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$45.5M
Net assets
$751.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Burroughs Wellcome Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating198 mo reserves · +35% 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 Burroughs Wellcome Fund: 198 mo reserves · +35% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Burroughs Wellcome Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Burroughs Wellcome Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 21tw Alexander Drive, Rtp, NC, 27709
- City
- Rtp
- State
- North Carolina
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.0M (FY2019) to $70.5M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $97.0MNet assets $751.0M
Operating margin
35.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$848.0M
Total liabilities
$97.0M
Net assets
$751.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $70,516,184▲151% | $45,516,168▲23.2% | $750,997,633▲9.0% | $848,033,791▲7.0% | 990PF |
| 2022 | $28,040,204▼41.9% | $36,957,017▼12.2% | $689,043,009▲3.6% | $792,326,837▲1.8% | 990PF |
| 2021 | $48,287,251▼44.1% | $42,069,368▼12.6% | $664,849,251▼19.3% | $778,637,184▼17.8% | 990PF |
| 2020 | $86,337,046▲198% | $48,110,001▲51.0% | $824,031,992▲21.2% | $946,804,754▲19.8% | 990PF |
| 2019 | $28,994,003 | $31,859,719 | $679,706,109 | $790,301,361 | 990PF |
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: Louis Muglia — $499,365 (1.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Louis Muglia | President - Director | 38 | $499,365 |
| Scott Schoedler | V.p. Finance | 38 | $437,750 |
| Dr Jenny Ting | Board Member, Board Chair | 1 | $15,000 |
| Mr Michael Giarla | Board Member, Investment Chair | 1 | $11,500 |
| Dr Christine Seidman | Board Member | 1 | $11,000 |
| Dr Brenda Andrews | Board Member | 1 | $10,000 |
| Dr Brian Drucker | Board Member | 1 | $10,000 |
| Dr Harmit Malik | Board Member | 1 | $10,000 |
| Dr Kafui Dzirasa | Board Member | 1 | $10,000 |
| Dr Paula Hammond | Board Member | 1 | $10,000 |
| Dr Robert Lefkowitz | Board Member | 1 | $10,000 |
| Dr Wendell Lim | Board Member/invest Committee | 1 | $10,000 |
| Ms Deborah Blum | Board Member | 1 | $10,000 |
| Ms Lauretta Reeves | Board Member/invest Committee | 1 | $2,000 |
| Dr Geoffrey Gerber | Board Member/invest Committee | 1 | $1,500 |
| Mr Tim Hasara | Investment Commitee | 1 | $1,500 |
| Ms Melissa Nigro | Investment Committee | 1 | $1,000 |
| Dr Terrence Dermody | Board Member&liason Invst Comm | 1 | $500 |
| Dr Kelsey Martin | Board Member | 1 | — |
| Mr James Hirschman | Investment Committee | 1 | — |
Grants received · $100K total
1 grant to Burroughs Wellcome Fund totaling $100K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Philadelphia Foundation | Covid-19 research | 2021 | $100,000 |
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Frequently asked questions
- Is Burroughs Wellcome Fund a legitimate nonprofit?
- Yes. Burroughs Wellcome Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7225395, based in Rtp, North Carolina. Donations are tax-deductible.
- What is Burroughs Wellcome Fund's EIN?
- Burroughs Wellcome Fund's Employer Identification Number (EIN) is 23-7225395.
- How much revenue does Burroughs Wellcome Fund report?
- Burroughs Wellcome Fund reported $70,516,184 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Burroughs Wellcome Fund have?
- CharityIndex grades Burroughs Wellcome Fund B, based on financial health (reserves and operating margin).
- How much does Burroughs Wellcome Fund's highest-paid employee make?
- The highest reported compensation on Burroughs Wellcome Fund's latest Form 990 is $499,365, paid to Louis Muglia (President - Director).
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Data for Burroughs Wellcome Fund (EIN 23-7225395) 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.