Hudson-alpha Institute For Biotechnology
73% goes to programs $3 to raise $100 Strong reserves Growing revenue
Hudson-alpha Institute For Biotechnology is a 501(c)(3) organization based in Huntsville, Alabama, registered in 2005, with $52,208,987 in FY2024 revenue. CharityIndex grades it B+, and it directs about 73% of spending to programs.
601 Genome Way, Huntsville, AL, 35806 EIN 43-2059317 Since 2005
Revenue (FY2024)
$52.2M
▼ 15.3% vs prior year
Science & Tech median: $288K
Expenses (FY2024)
$60.1M
Net assets
$179.0M
Employees
268
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating73% to programs · $3 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 Hudson-alpha Institute For Biotechnology: 73% to programs · $3 to raise $100 earns a B on this criterion. See the exact thresholds →
C+Financial health25% of the rating36 mo reserves · -15% 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 Hudson-alpha Institute For Biotechnology: 36 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Hudson-alpha Institute For Biotechnology: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Hudson-alpha Institute For Biotechnology: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The primary mission of the institute will be to use the increasingly powerful research tools being developed in the biotechnology area to better understand the causes of certain diseases and to apply the findings of such research to help develop new and more effective treatments for such diseases. the institute's charitable mission contemplates numerous other activities all of which are intended to help further biotech research in alabama.
What they do
Activities, programs and collaborations for the institute to accomplish its charitable objective of providing a variety of educational outreach programs.
Activities, programs and collaborations for the institute to accomplish its charitable objective of developing, providing and advancing genomic medicine programs.
Activities, programs and collaborations for the institue to accomplish its charitable objective of creating economic growth in biotechnology related fields
Contact & location
- Address
- 601 Genome Way, Huntsville, AL, 35806
- City
- Huntsville
- State
- Alabama
- Category
- Science & Technology
- Subcategory
- Science Programs
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $37.2M (FY2013) to $52.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $26.9MNet assets $179.0M
Operating margin
-15.2%
Spent more than it raised in the latest fiscal year.
Total assets
$205.8M
Total liabilities
$26.9M
Net assets
$179.0M
Salaries & benefits
$11.6M
19% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $52,208,987▼15.3% | $60,147,672▼0.3% | $178,965,229▼5.8% | $205,847,270▼6.8% | 990 |
| 2023 | $61,674,062▲14.5% | $60,303,724▲12.1% | $189,931,612▲1.5% | $220,821,713▼2.4% | 990 |
| 2022 | $53,847,313▲18.8% | $53,817,844▼14.3% | $187,068,030▲5.9% | $226,249,482▲20.0% | 990 |
| 2021 | $45,340,795▼12.5% | $62,805,363▲9.1% | $176,628,244▼7.6% | $188,566,945▼10.8% | 990 |
| 2020 | $51,805,437▼62.9% | $57,579,622▼2.5% | $191,241,307▲2.4% | $211,512,056▲9.0% | 990 |
| 2019 | $139,619,021▲73.1% | $59,036,723▼17.7% | $186,713,985▲80.4% | $194,073,537▲57.1% | 990 |
| 2018 | $80,668,556▲57.3% | $71,732,125▲15.7% | $103,513,974▲9.3% | $123,524,115▲5.2% | 990 |
| 2017 | $51,277,870▼23.8% | $62,003,431▲14.2% | $94,736,896▼10.1% | $117,385,988▼2.9% | 990 |
| 2016 | $67,252,095▲77.3% | $54,276,217▲9.6% | $105,410,881▲12.4% | $120,912,858▲9.1% | 990 |
| 2015 | $37,939,241▲6.2% | $49,529,285▲29.3% | $93,758,566▼31.3% | $110,858,487▼24.4% | 990 |
| 2014 | $35,716,838▼4.1% | $38,292,273▲11.1% | $136,549,678▼3.2% | $146,654,167▼0.4% | 990 |
| 2013 | $37,241,351 | $34,469,983▲1.2% | $141,038,079▲5.9% | $147,263,141▲5.0% | 990 |
| 2012 | — | $34,049,089▼1.9% | $133,141,260▲0.2% | $140,221,297▲1.1% | 990 |
| 2011 | — | $34,700,452▲0.6% | $132,880,825▲1.0% | $138,674,189▼1.3% | 990 |
| 2010 | — | $34,505,373 | $131,604,109 | $140,525,594 | 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 (FY2024)
Highest-paid: Richard Myers — $650,725 (1.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard Myers | Chief Scient | 40 | $650,725 |
| Neil Lamb | President | 40 | $361,240 |
| Jeremy Schmutz | Principal In | 40 | $324,422 |
| Carter Wells | Vp Econ Deve | 40 | $320,354 |
| Jane Grimwood | Principal In | 40 | $317,202 |
| Danny Windham | Coo | 40 | $267,609 |
| Gregory Cooper | Principal In | 40 | $242,778 |
| Chris Matl | Cfo | 40 | $220,417 |
| Sara Cooper | Principal In | 40 | $218,693 |
| Josh Clevenger | Principal In | 40 | $214,170 |
| Kelly M East | Vp Education | 40 | $207,349 |
| Gregg Tyree | Dir/operatio | 40 | $205,210 |
| Joseph S Newberry | Software Eng | 40 | $188,894 |
| Jerry W Jenkins | Genome Analy | 40 | $180,330 |
| Florencia Behn | Research Aff | 40 | $174,247 |
| Dave Flowers | Biologist | 40 | $171,921 |
| Kankshita Swaminathan | Faculty Inve | 40 | $171,869 |
| Alex E Harkess | Faculty Inve | 40 | $166,756 |
| Richard J Johnson | System Archi | 40 | $163,112 |
| Michael J Frizzell | Comp. Struct | 40 | $161,297 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wshp Fc Holdings LLC | Sequencing | $6,896,624 |
| Gener8tor Mangement LLC | Consulting | $1,237,500 |
| Carl Zeiss Microscopy LLC | Science Equip | $747,612 |
| Edge Solutions LLC | It Services | $618,054 |
| Marsh & Mclennan Agency LLC | Insurance | $540,963 |
Grants received · $14.5M total
41 grants to Hudson-alpha Institute For Biotechnology totaling $14.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Similar organizations in Science & Tech
Science & Tech
Southern Research Institute
Birmingham, AL
$50.4M
B+annual revenue
Science & Tech
Marine Environmental Sciences Consortium
Dauphin Isl, AL
$39.5M
Bannual revenue
Science & Tech
The Alabama A&m Univ Research Innovation Science and Engineering
Normal, AL
$2.1M
Bannual revenue
- Science & Tech
Southern Seed Certification Association Inc
Headland, AL
$828K
C+annual revenue
Science & Tech
Baron Critical Weather Institute
Huntsville, AL
$632K
Bannual revenue
Science & Tech
The Mike Slive Foundation For Prostate Cancer Research
Birmingham, AL
$574K
Dannual revenue
Science & Tech
National Space Club Huntsville Committee Inc
Huntsville, AL
$535K
Bannual revenue
- Science & Tech
Beta Beta Beta Biological Society
Florence, AL
$521K
C+annual revenue
Science & Tech
The Biotechnology Association of Alabama
Arab, AL
$356K
Dannual revenue
Science & Tech
Center of Unification of Science Consciousness
Madison, AL
$331K
Bannual revenue
Compare Hudson-alpha Institute For Biotechnology
Frequently asked questions
- Is Hudson-alpha Institute For Biotechnology a legitimate nonprofit?
- Yes. Hudson-alpha Institute For Biotechnology is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 43-2059317, based in Huntsville, Alabama. Donations are tax-deductible.
- What is Hudson-alpha Institute For Biotechnology's EIN?
- Hudson-alpha Institute For Biotechnology's Employer Identification Number (EIN) is 43-2059317.
- How much revenue does Hudson-alpha Institute For Biotechnology report?
- Hudson-alpha Institute For Biotechnology reported $52,208,987 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hudson-alpha Institute For Biotechnology's spending goes to programs?
- Hudson-alpha Institute For Biotechnology spends about 73% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hudson-alpha Institute For Biotechnology have?
- CharityIndex grades Hudson-alpha Institute For Biotechnology B+, based on program efficiency and fundraising cost.
- How much does Hudson-alpha Institute For Biotechnology's highest-paid employee make?
- The highest reported compensation on Hudson-alpha Institute For Biotechnology's latest Form 990 is $650,725, paid to Richard Myers (Chief Scient).
More nonprofits in Huntsville
Explore more
Data for Hudson-alpha Institute For Biotechnology (EIN 43-2059317) 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.