Van Andel Institute
74% goes to programs $12 to raise $100 Strong reserves Declining revenue
Van Andel Institute is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 1997, with $139,332,774 in FY2023 revenue. CharityIndex grades it A, and it directs about 74% of spending to programs.
333 Bostwick Ave Ne, Grand Rapids, MI, 49503 EIN 52-2000820 Since 1997
Revenue (FY2023)
$139.3M
▼ 18.9% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$90.9M
Net assets
$2.2B
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
AProgram efficiency40% of the rating74% to programs · $12 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 Van Andel Institute: 74% to programs · $12 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating295 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 Van Andel Institute: 295 mo reserves · +35% margin earns a B+ 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 Van Andel Institute: 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 Van Andel Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Supporting organization to the van andel research institute and van andel education institute.type iii- functionally integrated supporting organization operated exclusively for the benefit of the van andel research institute and the van andel education institute.
What they do
To operate for the benefit of, to perform the functions of, or to carry out the purposes of the van andel research institute (vari), a medical research organization. vari conducts biomedical research, focusing on cancer, epigenetics, and parkinson's disease, with an emphasis on translating scientific research results into clinical applications.
Contact & location
- Address
- 333 Bostwick Ave Ne, Grand Rapids, MI, 49503
- City
- Grand Rapids
- State
- Michigan
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $111.5M (FY2019) to $139.3M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $5.2MNet assets $2.2B
Operating margin
34.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2B
Total liabilities
$5.2M
Net assets
$2.2B
Salaries & benefits
$35K
0% of expenses
Board members
4
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $139,332,774▼18.9% | $90,904,641▼70.3% | $2,232,725,784▲11.2% | $2,237,961,296▲10.9% | 990 |
| 2022 | $171,827,012▼2.2% | $306,179,357▲171% | $2,008,388,400▼3.3% | $2,017,682,513▼3.1% | 990 |
| 2021 | $175,628,938▼40.9% | $112,969,414▲60.7% | $2,077,901,221▼1.8% | $2,082,989,471▼1.9% | 990 |
| 2020 | $297,361,845▲167% | $70,308,987▲1.2% | $2,116,708,029▲17.9% | $2,123,026,794▲16.9% | 990 |
| 2019 | $111,524,637 | $69,463,683 | $1,795,660,552 | $1,815,971,878 | 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: Constance Chang — $8,500 (0.01% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Constance Chang | Trustee | 1 | $8,500 |
| David Van Andel | Chairman / Ceo | 10 | — |
| Dr Jana Hall End 03312024 | Chief Operations Officer | 1 | — |
| Gerald Callahan | Chief Strategic Officer | 1 | — |
| John Kennedy | Trustee | 1 | — |
| Mark Meijer | Trustee | 1 | — |
| Thomas Curran Jr | General Counsel | 1 | — |
| Timothy Myers | Cao / Cfo | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Md Sass LLC | Investment Management | $1,294,552 |
| The Northern Trust Company | Investment Management | $1,104,280 |
| Nordic Capital | Investment Management | $496,065 |
| Donald Smith | Investment Management | $367,790 |
| Lord Abbett | Investment Management | $357,579 |
Grants received · $4.3M total
53 grants to Van Andel Institute totaling $4.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Blood Cancer United Inc | Research grant | 2024 | $120,000 |
| National Christian Charitable Foundation | Medical research | 2024 | $34,175 |
| Community Foundation For the Fox Valley Region Inc | Education | 2024 | $25,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $15,500 |
| Silicon Valley Community Foundation | Health | 2023 | $498,950 |
| Johns Hopkins University | Sub-award | 2023 | $345,293 |
| Blood Cancer United Inc | Research grant | 2023 | $120,000 |
| National Christian Charitable Foundation | Support | 2023 | $34,400 |
| Community Foundation For the Fox Valley Region Inc | B: education | 2023 | $25,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $17,150 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $13,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $10,100 |
| Johns Hopkins University | Sub-award | 2022 | $270,397 |
| Silicon Valley Community Foundation | Education | 2022 | $200,000 |
| Blood Cancer United Inc | Research grant | 2022 | $120,000 |
Grants made · $66.8M in FY2023
2 grants totaling $66.8M in FY2023. All grants made by Van Andel Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| Van Andel Research Institute | Support for vari operating expenses. | $61,431,822 |
| Van Andel Education Institute | Support for vaei operating expenses. | $5,407,202 |
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Compare Van Andel Institute
Frequently asked questions
- Is Van Andel Institute a legitimate nonprofit?
- Yes. Van Andel Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-2000820, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Van Andel Institute's EIN?
- Van Andel Institute's Employer Identification Number (EIN) is 52-2000820.
- How much revenue does Van Andel Institute report?
- Van Andel Institute reported $139,332,774 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Van Andel Institute's spending goes to programs?
- Van Andel Institute spends about 74% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Van Andel Institute have?
- CharityIndex grades Van Andel Institute A, based on program efficiency and fundraising cost.
- How much does Van Andel Institute's highest-paid employee make?
- The highest reported compensation on Van Andel Institute's latest Form 990 is $8,500, paid to Constance Chang (Trustee).
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Explore more
Data for Van Andel Institute (EIN 52-2000820) 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.