The Morgridge Institute for Research
The Morgridge Institute for Research reported $78.4 million in revenue and $37.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $70.03 went to program services, $27.09 to management and general costs and $2.88 to fundraising. Its largest source of revenue was contributions and grants: 99.7% of the total. Government grants made up 10.6%. The highest compensation it reported for one person was $1,032,701 (TRUSTEE). 35 people received more than $100,000 in reportable compensation. Revenue rose 145% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $37MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $78MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 70.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 27.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.9% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 10.6% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,032,701 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.77% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 35 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 23.8 | 6.6 |
| Independent voting board members Part VI 1a–1b | 12 of 16 | 88.9% |
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
FY2025 · Form 990, Part III · the three largest programs by expenseBiomedical imaging: advancing technologies to better diagnose, treat and prevent disease- transient lighting for surgery: development of a rapid-switch lighting system that provides full light in the operating room, while protecting light-sensitive fluorescence images of use to surgeons.- better ct images: developing a multi-source x-ray tube for computed tomography (ct) - one of the most widely used tools to image disease - to enable faster imaging, dose reduction, and improved image quality.- improved breast cancer tracking: creating an imaging system to track breast cancer based on…
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
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| TRUSTEE Director/trustee, 4.00 hrs/week | $15,000 | $799,362 | $218,339 | $1,032,701 |
| CEO/TRUSTEE Director/trustee, officer, 40.00 hrs/week | $541,397 | $0 | $53,171 | $594,568 |
| DIRECTOR OF HUMAN RESOURCES Highest compensated employee, 40.00 hrs/week | $367,241 | $0 | $60,511 | $427,752 |
| CFO/COO/TREASURER Officer, 40.00 hrs/week | $353,448 | $0 | $50,205 | $403,653 |
| CHIEF DEVELOPMENT OFFICER Key employee, 40.00 hrs/week | $303,350 | $0 | $55,814 | $359,164 |
| LEAD INVESTIGATOR Highest compensated employee, 40.00 hrs/week | $297,345 | $0 | $54,250 | $351,595 |
| CHIEF COMMUNICATIONS OFF./SECRETARY Officer, 40.00 hrs/week | $227,516 | $0 | $48,509 | $276,025 |
| LEAD INVESTIGATOR Highest compensated employee, 40.00 hrs/week | $230,118 | $0 | $41,296 | $271,414 |
35 people received more than $100,000 in reportable compensation from The Morgridge Institute for Research (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.6M (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
FY2025 · 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–1b16 · 12 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 5212
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| RSM US LLP Audit/tax services | $143,415 |
| SULLIVANCOTTER INC Consulting services | $142,790 |
| AXLEY BRYNELSON LLP Legal services | $117,511 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to The Morgridge Institute for Research totaling $25M 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 Morgridge Institute for 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 Morgridge Institute for Research, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Morgridge Institute for Research spent in FY2025, $70.03 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The Morgridge Institute for Research's spending goes to programs?
In the fiscal year ending June 30, 2025, The Morgridge Institute for Research reported that 70.0% of its $37.3 million in expenses went to program services, 27.1% to management and general and 2.9% to fundraising (Form 990, Part IX).
How much does The Morgridge Institute for Research pay its top executive?
The largest total compensation The Morgridge Institute for Research reported for one person in the fiscal year ending June 30, 2025 was $1,032,701, for the role of TRUSTEE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Morgridge Institute for Research get its money?
Of $78.4 million in revenue in the fiscal year ending June 30, 2025, 99.7% came from contributions and grants (including 10.6% from government grants) and 0.1% from program service revenue (Form 990, Part VIII).
Is The Morgridge Institute for Research a registered charity?
The IRS lists EIN 20-8325570 as a 501(c)(3) organization (hospital or medical research organization), 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
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202533179349308928 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202423199349308112 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202303199349311780 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202213159349302731 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202123199349308602 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202043159349305044 · read the filing
All filings for EIN 20-8325570: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.