Morgridge Institute Foundation Inc
91% goes to programs $0 to raise $100 Strong reserves Growing revenue
Morgridge Institute Foundation Inc is a 501(c)(3) organization based in Madison, Wisconsin, registered in 2017, with $84,878,840 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
330 N Orchard St, Madison, WI, 53715 EIN 82-2760376 Since 2017
Revenue (FY2024)
$84.9M
▲ 92.0% vs prior year
Medical Research median: $217K
Expenses (FY2024)
$24.7M
Net assets
$574.7M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating91% to programs · $0 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 Foundation Inc: 91% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating280 mo reserves · +71% 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 Foundation Inc: 280 mo reserves · +71% margin earns a B+ 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 Foundation 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 Morgridge Institute Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The morgridge institute foundation operates exclusively for the benefit of the morgridge institute for research, inc., a tax-exempt 501(c)3 medical research organization affiliated with the university of wisconsin - madison. the foundation administers gifts, grants, bequests, and devises to promote, encourage, and aid the mission and vision of the institute, which is to solve major challenges to human health by conducting, enabling, and translating innovative, interdisciplinary biomedical research in partnership with the university of wisconsin - madison and others, by leveraging our collective strength in research.
Contact & location
- Address
- 330 N Orchard St, Madison, WI, 53715
- City
- Madison
- State
- Wisconsin
- Category
- Medical Research
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $371.0M (FY2017) to $84.9M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $22.9MNet assets $574.7M
Operating margin
70.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$597.6M
Total liabilities
$22.9M
Net assets
$574.7M
Salaries & benefits
$0
0% of expenses
Board members
16
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $84,878,840▲92.0% | $24,669,808▲13.0% | $574,691,428▲16.1% | $597,585,881▲14.8% | 990 |
| 2023 | $44,197,120▲17236% | $21,840,912▲32.2% | $495,192,273▲9.9% | $520,497,197▲9.8% | 990 |
| 2022 | $254,947▼99.3% | $16,523,025▲0.9% | $450,431,742▲5.9% | $474,107,649▲6.1% | 990 |
| 2021 | $36,336,859▼51.5% | $16,372,047▲6.0% | $425,362,294▼9.7% | $447,011,596▼9.0% | 990 |
| 2020 | $74,942,129▲230% | $15,451,836▼10.4% | $470,983,974▲30.7% | $491,309,219▲31.8% | 990 |
| 2019 | $22,735,688▲139% | $17,237,338▲18.9% | $360,435,442▲0.7% | $372,885,756▲1.5% | 990 |
| 2018 | $9,525,396▼97.4% | $14,494,298▲34.0% | $357,972,714▲3.1% | $367,425,182▲3.3% | 990 |
| 2017 | $371,014,465 | $10,820,396 | $347,326,532 | $355,540,214 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brad Schwartz | Ceo/trustee | 0.25 | — |
| Brian Mattmiller | Chief Communications Off./secretary | 0.25 | — |
| Eric Morgridge | Trustee | 0.25 | — |
| Erik Iverson | Trustee | 0.25 | — |
| Fred Robertson | Trustee/vice Chair | 0.25 | — |
| Gregg Fergus | Trustee | 0.25 | — |
| Harvey Cohen | Trustee | 0.25 | — |
| Jacquelyn Fredrick | Trustee/chair | 0.25 | — |
| James Dahlberg | Trustee | 0.25 | — |
| John Burris | Trustee | 0.25 | — |
| John Durant | Trustee | 0.25 | — |
| John Morgridge | Trustee | 0.25 | — |
| John Neis | Trustee | 0.25 | — |
| Kathi Stanek | Cfo/coo/treasurer | 0.25 | — |
| Tashia Morgridge | Trustee | 0.25 | — |
| Tess Morgridge Gardner | Trustee | 0.25 | — |
| Thomas Pyle Jr | Trustee | 0.25 | — |
| Winslow L Sargeant | Trustee | 0.25 | — |
Grants received · $368.2M total
4 grants to Morgridge Institute Foundation Inc totaling $368.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Board of Trustees of the Leland Stanford Junior University | General support | 2023 | $25,000,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $28,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $41,500 |
| Morgridge Institute For Researchinc | To support ongoing research and education. | 2017 | $343,171,234 |
Grants made · $22.4M in FY2024
1 grant totaling $22.4M in FY2024. All grants made by Morgridge Institute Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Morgridge Institute For Researchinc | To support ongoing research & education | $22,397,263 |
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Frequently asked questions
- Is Morgridge Institute Foundation Inc a legitimate nonprofit?
- Yes. Morgridge Institute Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-2760376, based in Madison, Wisconsin. Donations are tax-deductible.
- What is Morgridge Institute Foundation Inc's EIN?
- Morgridge Institute Foundation Inc's Employer Identification Number (EIN) is 82-2760376.
- How much revenue does Morgridge Institute Foundation Inc report?
- Morgridge Institute Foundation Inc reported $84,878,840 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Morgridge Institute Foundation Inc's spending goes to programs?
- Morgridge Institute Foundation Inc spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Morgridge Institute Foundation Inc have?
- CharityIndex grades Morgridge Institute Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Morgridge Institute Foundation Inc's highest-paid employee make?
- The highest reported compensation on Morgridge Institute Foundation Inc's latest Form 990 is $0, paid to Brad Schwartz (Ceo/trustee).
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Data for Morgridge Institute Foundation Inc (EIN 82-2760376) 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.