Morgridge Institute For Researchinc
70% goes to programs $1 to raise $100 Strong reserves Growing revenue
Morgridge Institute For Researchinc is a 501(c)(3) organization based in Madison, Wisconsin, registered in 2007, with $78,378,897 in FY2024 revenue. CharityIndex grades it A, and it directs about 70% of spending to programs.
330 N Orchard St, Madison, WI, 53715 EIN 20-8325570 Since 2007
Revenue (FY2024)
$78.4M
▲ 133.5% vs prior year
Health median: $840K
Expenses (FY2024)
$37.3M
Net assets
$74.0M
Employees
212
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating70% 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 Morgridge Institute For Researchinc: 70% to programs · $1 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +52% 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 Morgridge Institute For Researchinc: 24 mo reserves · +52% 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 Morgridge Institute For Researchinc: 6 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 Morgridge Institute For Researchinc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Research institute to support medical research and education at the university of wisconsin-madison in conjunction with the university of wisconsin hospitals and clinics authority. the primary purposes for the institute are as follows:1) collaboration - spark research collaborations across the sciences and the uw-hospital that accelerate breakthrough discoveries to improve human health.2) interaction - foster interaction between public and private research that breaks down barriers between researchers, labs and scientific disciplines.
What they do
Regenerative biology: understanding and directing cellular fates to improve health- create physiologically stable, safe and functional cells to better understand the human body.- apply knowledge about cellular generation for application in prevention and treatment of degenerative diseases.- apply knowledge to develop and tailor drugs for specific needs.
Virology: unlocking the secrets of virus-host interactions to better protect human health- advance practical understanding, prevention and treatment of viruses and their diseases.- enhance understanding of the biology of healthy cells and tissues.- develop new tools derived from viruses for use in biotechnology, nanotechnology and medicine.
Research computing: expending computing power to address new questions in biology- develop a cyber-infrastructure that provides high throughput computing and fosters collaborative work with the medical science partners.- develop software assurance marketplace that aids open source software developers and software assurance tools that developers can create a more secure cyberinfrastructure by offering the capacity needed to continuously test and "rebuild" the code underlying critical infrastructure applications.
Contact & location
- Address
- 330 N Orchard St, Madison, WI, 53715
- City
- Madison
- State
- Wisconsin
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $41.7M (FY2013) to $78.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.2MNet assets $74.0M
Operating margin
52.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$81.2M
Total liabilities
$7.2M
Net assets
$74.0M
Salaries & benefits
$20.6M
55% of expenses
Board members
16
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $78,378,897▲133% | $37,276,559▲15.6% | $74,030,145▲129% | $81,240,978▼8.1% | 990 |
| 2023 | $33,569,331▲28.2% | $32,259,175▲14.8% | $32,373,831▲6.7% | $88,421,400▲1.5% | 990 |
| 2022 | $26,189,437▼16.2% | $28,100,888▼1.9% | $30,344,791▼6.6% | $87,077,299▲122% | 990 |
| 2021 | $31,260,275▲6.4% | $28,634,578▲4.2% | $32,479,959▲7.8% | $39,159,232▲5.2% | 990 |
| 2020 | $29,381,681▼8.0% | $27,481,598▼15.4% | $30,135,019▲8.2% | $37,239,954▲14.0% | 990 |
| 2019 | $31,940,296▲0.7% | $32,476,401▲3.8% | $27,839,397▼2.5% | $32,667,794▼2.7% | 990 |
| 2018 | $31,704,046▼91.1% | $31,285,881▼91.7% | $28,566,049▲1.4% | $33,580,884▼11.3% | 990 |
| 2017 | $355,011,811▲920% | $376,385,621▲1174% | $28,166,415▼44.1% | $37,864,329▼29.8% | 990 |
| 2016 | $34,807,584▲15.6% | $29,535,853▲24.9% | $50,391,971▲10.9% | $53,903,424▲10.5% | 990 |
| 2015 | $30,113,847▼2.7% | $23,653,872▼3.7% | $45,424,243▲17.3% | $48,768,349▲18.4% | 990 |
| 2014 | $30,944,811▼25.9% | $24,566,717 | $38,724,440▲18.6% | $41,198,025▲14.5% | 990 |
| 2013 | $41,743,291 | $24,567,128▼15.4% | $32,662,815▲111% | $35,994,135▲78.9% | 990 |
| 2012 | — | $29,036,951▼2.4% | $15,486,652▼8.2% | $20,124,420▼18.7% | 990 |
| 2011 | — | $29,761,387▲74.3% | $16,878,412▼55.2% | $24,767,863▼38.0% | 990 |
| 2010 | — | $17,072,792 | $37,660,436 | $39,920,897 | 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: Brad Schwartz — $541,397 (1.45% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brad Schwartz | Ceo/trustee | 40 | $541,397 |
| Randy Bartels | Director of Human Resources | 40 | $367,241 |
| Kathi Stanek | Cfo/coo/treasurer | 40 | $353,448 |
| William Swisher Jr | Chief Development Officer | 40 | $303,350 |
| Melissa Skala | Lead Investigator | 40 | $297,345 |
| Paul Ahlquist | Lead Investigator | 40 | $230,118 |
| Brian Mattmiller | Chief Communications Off./secretary | 40 | $227,516 |
| Ronald Stewart | Associate Director - Bioinformatics | 40 | $209,349 |
| Doug Eklund | Controller | 40 | $191,075 |
| Eric Morgridge | Trustee | 2 | $15,000 |
| Erik Iverson | Trustee | 4 | $15,000 |
| Harvey Cohen | Trustee | 2 | $15,000 |
| Jacquelyn Fredrick | Trustee/chair | 2 | $15,000 |
| James Dahlberg | Trustee | 2 | $15,000 |
| John Burris | Trustee | 2 | $15,000 |
| John Neis | Trustee | 2 | $15,000 |
| Tess Morgridge Gardner | Trustee | 2 | $15,000 |
| Winslow L Sargeant | Trustee | 2 | $15,000 |
| Deborah Keller | Former Trustee | 0 | $10,000 |
| Gregg Fergus | Trustee | 2 | $10,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Rsm Us LLP | Audit/tax Services | $143,415 |
| Sullivancotter Inc | Consulting Services | $142,790 |
| Axley Brynelson LLP | Legal Services | $117,511 |
Grants received · $571.3M total
46 grants to Morgridge Institute For Researchinc totaling $571.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Wisconsin Alumni Research Foundation | See program service accomplishments; form 990, part iii, line 4b | 2024 | $45,071,429 |
| Morgridge Institute Foundation Inc | To support ongoing research & education | 2024 | $22,397,263 |
| Silicon Valley Community Foundation | Health | 2024 | $3,407,387 |
| American Cancer Society Inc | Extramural research | 2024 | $297,000 |
| Morgridge Institute Foundation Inc | To support ongoing research & education | 2023 | $19,798,141 |
| Wisconsin Alumni Research Foundation | See program service accomplishments; form 990, part iii, line 4b | 2023 | $5,310,000 |
| Silicon Valley Community Foundation | Health | 2023 | $1,996,338 |
| Washington University | Research | 2023 | $67,881 |
| University of Chicago | Subaward | 2023 | $55,520 |
| American Cancer Society Inc | Extramural research grant | 2023 | $49,000 |
| Morgridge Institute Foundation Inc | To support ongoing research & education | 2022 | $14,597,802 |
| Wisconsin Alumni Research Foundation | See program service accomplishments; form 990, part iii, line 4b | 2022 | $6,610,000 |
| Washington University | Research | 2022 | $77,757 |
| University of Chicago | Subaward | 2022 | $55,150 |
| Donor Advised Charitable Giving | Health | 2022 | $25,700 |
Grants made · $1.3M in FY2024
1 grant totaling $1.3M in FY2024. All grants made by Morgridge Institute For Researchinc →
| Recipient | Purpose | Amount |
|---|---|---|
| University of Wisconsin - Madison | To support ongoing research and education. | $1,311,424 |
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Frequently asked questions
- Is Morgridge Institute For Researchinc a legitimate nonprofit?
- Yes. Morgridge Institute For Researchinc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8325570, based in Madison, Wisconsin. Donations are tax-deductible.
- What is Morgridge Institute For Researchinc's EIN?
- Morgridge Institute For Researchinc's Employer Identification Number (EIN) is 20-8325570.
- How much revenue does Morgridge Institute For Researchinc report?
- Morgridge Institute For Researchinc reported $78,378,897 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Morgridge Institute For Researchinc's spending goes to programs?
- Morgridge Institute For Researchinc spends about 70% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Morgridge Institute For Researchinc have?
- CharityIndex grades Morgridge Institute For Researchinc A, based on program efficiency and fundraising cost.
- How much does Morgridge Institute For Researchinc's highest-paid employee make?
- The highest reported compensation on Morgridge Institute For Researchinc's latest Form 990 is $541,397, paid to Brad Schwartz (Ceo/trustee).
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Explore more
Data for Morgridge Institute For Researchinc (EIN 20-8325570) 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.