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Iit Research Institute

Chicago, IL · EIN 36-2169122 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Iit Research Institute reported $17.5 million in revenue and $23.0 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $74.96 went to program services, $25.04 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.6% of the total. The highest compensation it reported for one person was $581,526 (President & Director). 32 people received more than $100,000 in reportable compensation. Revenue fell 35% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $23M

For context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $18M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 192 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
75.0%83.2%
Management & general
Part IX 25(C) ÷ 25(A)
25.0%15.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%51.6%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%3.2%
Program service revenue share
Part VIII 2g ÷ 12
99.6%19.2%
Highest reported compensation
Part VII-A, columns D–F
$581,526$513,729
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.53%1.72%
People paid over $100,000
Part VII, line 2
3227
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
13.014.7
Independent voting board members
Part VI 1a–1b
0 of 494.3%

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 expense
$17M expenses · 100.0% of program spending · revenue $17M

Working with scientists from the U.S. National Cancer Institute and other organizations, perform basic research and preclinical efficacy assessments of new molecular entities being developed for the prevention and treatment of infectious disease, with particular emphasis on pathogenic agents of interest to the biodefense community. Working with the Department of Defense and other agencies, support the development of vaccines and therapeutic entities for infectious agents. Working with scientists from the U.S. National Institutes of Health and other agencies, perform preclinical assessments of…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President & Director
Officer, 40 hrs/week
$532,005$0$49,521$581,526
AVP & Business Development Manager
Key employee, 40 hrs/week
$262,728$0$48,797$311,525
AVP & Mgr Microbiology & Molecular Biology
Officer, 40 hrs/week
$225,381$0$40,551$265,932
Attending Veterinarian
Highest compensated employee, 40 hrs/week
$211,693$0$42,765$254,458
Deputy Division Manager Toxicology
Key employee, 40 hrs/week
$202,154$0$43,097$245,251
Assistant Vice President & Director of Contracts
Key employee, 40 hrs/week
$206,800$0$25,258$232,058
Head, Analytical Chemistry
Key employee, 40 hrs/week
$198,793$0$25,703$224,496
Director, Finance & Accounting
Highest compensated employee, 40 hrs/week
$174,668$0$43,404$218,072

32 people received more than $100,000 in reportable compensation from Iit Research Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.7M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$18M$23M75.0%$25M$581,526
FY2024 ⓘ$29M$27M81.1%$30M$451,846
FY2023 ⓘ$28M$26M81.8%$29M$465,074
FY2022 ⓘ$30M$25M80.1%$27M$448,618
FY2021 ⓘ$29M$26M83.1%$23M$361,937
FY2020 ⓘ$27M$25M83.9%$20M$333,740

Governance 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–1b4 · 0 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 2No
  • 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 5128

Correct a figure or respond

Every number above is copied from Iit Research Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Iit Research Institute, you can publish a response that is linked from this page.

Questions people ask

How much of Iit Research Institute's spending goes to programs?

In the fiscal year ending September 30, 2025, Iit Research Institute reported that 75.0% of its $23.0 million in expenses went to program services, 25.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Iit Research Institute pay its top executive?

The largest total compensation Iit Research Institute reported for one person in the fiscal year ending September 30, 2025 was $581,526, for the role of President & Director (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Iit Research Institute get its money?

Of $17.5 million in revenue in the fiscal year ending September 30, 2025, 0.0% came from contributions and grants and 99.6% from program service revenue (Form 990, Part VIII).

Is Iit Research Institute a registered charity?

The IRS lists EIN 36-2169122 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 September 30, 2025, object 202622269349302552 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202512269349301231 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202402269349300140 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202432069349300613 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212279349303421 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202231589349300813 · read the filing

All filings for EIN 36-2169122: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.