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The Krell Institute

Ames, IA · EIN 42-1457548 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

The Krell Institute reported $20.0 million in revenue and $19.9 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $92.08 went to program services, $7.92 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.7% of the total. Government grants made up 99.7%. The highest compensation it reported for one person was $394,368 (PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue rose 75% 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 $20M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 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 $20M

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

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
92.1%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
7.9%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
99.7%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
99.7%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.1%69.9%
Highest reported compensation
Part VII-A, columns D–F
$394,368$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.98%1.28%
People paid over $100,000
Part VII, line 2
68
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
0.513.3
Independent voting board members
Part VI 1a–1b
3 of 3100.0%

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
$14M expenses · 78.5% of program spending

The department of energy computational science graduate fellowship program selects highly qualified students and supports their research and academic study for up to four years of their phd graduate work in a computational science and engineering discipline area that is important to the united states department of energy's office of science and national nuclear security administration. The doe csgf fellows must complete a program of study at a united states research university, spend at least twelve consecutive weeks at a department of energy laboratory working on a research project of…

$3.9M expenses · 21.3% of program spending

The stewardship science graduate fellowship (ssgf) program selects highly qualified students in stewardship science disciplines that are important to the united states department of energy's national nuclear security administration. Stewardship science includes areas of study relative to high energy density physics, nuclear science, materials under extreme conditions, and hydrodynamics. The fellows complete a program of study at a united states research university, spend at least twelve consecutive weeks at a department of energy national defense laboratory working on a research project of…

$28,109 expenses · 0.2% of program spending · revenue $28,586

The communication project develops and provides accessible, concise, and scientifically accurate presentations of the research supported by the department of energy (doe) at doe laboratories, at universities, and in industry. It also studies how the communication of computational science and engineering research is best framed and disseminated to the public sector and to educational institutions

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
Officer, 40.00 hrs/week
$323,220$0$71,148$394,368
DIRECTOR OF FINANCE & ADMIN
Officer, 40.00 hrs/week
$200,971$0$58,493$259,464
DIRECTOR OF TECHNOLOGY
Officer, 40.00 hrs/week
$194,132$0$34,321$228,453
DIRECTOR OF COMMUNICATIONS
Highest compensated employee, 40.00 hrs/week
$159,016$0$38,491$197,507
SENIOR DEV OPS ENGINEER
Highest compensated employee, 40.00 hrs/week
$123,949$0$45,007$168,956
SENIOR NETWORK ADMINISTRATOR
Highest compensated employee, 40.00 hrs/week
$126,506$0$16,854$143,360

6 people received more than $100,000 in reportable compensation from The Krell Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $916K (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
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$20M$20M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$20M$20M92.1%$863K$394,368
FY2024 ⓘ$19M$19M91.8%$841K$359,560
FY2023 ⓘ$17M$17M91.6%$813K$311,444
FY2022 ⓘ$14M$14M91.5%$800K$294,633
FY2021 ⓘ$12M$12M90.2%$799K$288,735
FY2020 ⓘ$11M$11M89.5%$792K$286,766

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–1b3 · 3 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 525
  • Volunteers Part I, line 6100

Correct a figure or respond

Every number above is copied from The Krell 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 The Krell Institute, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Iowa

Questions people ask

How much of The Krell Institute's spending goes to programs?

In the fiscal year ending September 30, 2025, The Krell Institute reported that 92.1% of its $19.9 million in expenses went to program services, 7.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does The Krell Institute pay its top executive?

The largest total compensation The Krell Institute reported for one person in the fiscal year ending September 30, 2025 was $394,368, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The Krell Institute get its money?

Of $20.0 million in revenue in the fiscal year ending September 30, 2025, 99.7% came from contributions and grants (including 99.7% from government grants) and 0.1% from program service revenue (Form 990, Part VIII).

Is The Krell Institute a registered charity?

The IRS lists EIN 42-1457548 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

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202610149349300846 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202403549349300215 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202303559349300420 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202310129349301821 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202230109349301203 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202003509349300810 · read the filing

All filings for EIN 42-1457548: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.