The Feinstein Institutes for Medical Research
The Feinstein Institutes for Medical Research reported $163.3 million in revenue and $163.3 million in expenses for calendar year 2024. Of every $100 it spent, $87.51 went to program services, $7.80 to management and general costs and $4.69 to fundraising. Its largest source of revenue was contributions and grants: 86.4% of the total. Government grants made up 34.0%. The highest compensation it reported for one person was $1,990,193 (EVP & CFO). 186 people received more than $100,000 in reportable compensation. Revenue rose 28% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $163MFor context, the median across 169 covered medical research charities: $87.02 programs, $12.87 management, $0.11 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $163MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.5% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.8% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.7% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 86.4% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 34.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 8.9% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,990,193 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.22% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 186 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 22 of 25 | 93.8% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe Feinstein Institute for Medical Research conducts direct continuous active medical research in the areas of molecular biology, biostatistics, electron microscopy, nuclear physics molecular genetics, molecular immunology, animal facility, pediatrics, Gastrointestinal biochemical and PET/Cyclotron activities
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EVP & CFO Officer, 0.0 hrs/week | $0 | $1,904,871 | $85,322 | $1,990,193 |
| President Director/trustee, officer, 50.0 hrs/week | $1,723,661 | $0 | $85,392 | $1,809,053 |
| EVP, General Counsel & Asst Se Officer, 0.0 hrs/week | $0 | $1,607,684 | $69,777 | $1,677,461 |
| Chairman Emeritus Officer, 0.0 hrs/week | $0 | $997,705 | $69,731 | $1,067,436 |
| Chief Scientific Officer Officer, 50.0 hrs/week | $997,923 | $0 | $54,141 | $1,052,064 |
| Center Head/Autoimmune Disease Highest compensated employee, 50.0 hrs/week | $744,926 | $0 | $54,164 | $799,090 |
| VP, Advanced Engineering Highest compensated employee, 50.0 hrs/week | $654,833 | $0 | $85,322 | $740,155 |
| SVP, Clinical Research Highest compensated employee, 50.0 hrs/week | $663,033 | $0 | $38,550 | $701,583 |
186 people received more than $100,000 in reportable compensation from The Feinstein Institutes for Medical Research (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b25 · 22 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5700
Private foundation grants it received
9 private foundations reported grants to The Feinstein Institutes for Medical Research totaling $902K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Feinstein Institutes for Medical Research's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Feinstein Institutes for Medical Research, you can publish a response that is linked from this page.
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Of every $100 The Feinstein Institutes for Medical Research spent in 2024, $87.51 went to programs. The full breakdown, from its IRS Form 990:
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All medical research charities · Largest charities in New York
Questions people ask
How much of The Feinstein Institutes for Medical Research's spending goes to programs?
In calendar year 2024, The Feinstein Institutes for Medical Research reported that 87.5% of its $163.3 million in expenses went to program services, 7.8% to management and general and 4.7% to fundraising (Form 990, Part IX).
How much does The Feinstein Institutes for Medical Research pay its top executive?
The largest total compensation The Feinstein Institutes for Medical Research reported for one person in calendar year 2024 was $1,990,193, for the role of EVP & CFO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Feinstein Institutes for Medical Research get its money?
Of $163.3 million in revenue in calendar year 2024, 86.4% came from contributions and grants (including 34.0% from government grants) and 8.9% from program service revenue (Form 990, Part VIII).
Is The Feinstein Institutes for Medical Research a registered charity?
The IRS lists EIN 11-2673595 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503169349303370 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433179349300243 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323179349302797 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223189349300712 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113169349303876 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033179349300213 · read the filing
All filings for EIN 11-2673595: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.