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Van Andel Institute
Van Andel Institute reported $139.3 million in revenue and $90.9 million in expenses for the fiscal year ending November 30, 2024. Of every $100 it spent, $73.53 went to program services, $23.35 to management and general costs and $3.12 to fundraising. Its largest source of revenue was investment income: 82.6% of the total. The highest compensation it reported for one person was $799,596 (CHAIRMAN / CEO). Revenue rose 25% between FY2020 and FY2024. Source: Form 990, FY2024.
Where $100 of spending went
The fiscal year ending November 30, 2024 · Form 990, Part IX, line 25 · total expenses $91MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending November 30, 2024 · Form 990, Part VIII · total revenue $139MOther revenue was negative: −$57,446. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.5% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 23.4% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.1% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 17.4% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $799,596 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.88% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 0 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 294.7 | 56.6 |
| Independent voting board members Part VI 1a–1b | 3 of 4 | 100.0% |
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
FY2024 · Form 990, Part III · the three largest programs by expenseTo operate for the benefit of, to perform the functions of, or to carry out the purposes of the Van Andel education institute (vaei), which includes the Van Andel Institute graduate school (vaigs) and science academy. Vaigs prepares biomedical research scholars through a graduate program in cell and molecular genetics. The science academy programs create a unique setting for students, k-12, encouraging and enabling them to explore, question, and investigate as scientists 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
Highest reported compensation
FY2024 · 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 |
|---|---|---|---|---|
| CHAIRMAN / CEO Director/trustee, officer, 10.00 hrs/week | $0 | $691,508 | $108,088 | $799,596 |
| CHIEF OPERATIONS OFFICER Officer, 1.00 hrs/week | $0 | $635,819 | $101,074 | $736,893 |
| GENERAL COUNSEL Key employee, 1.00 hrs/week | $0 | $517,831 | $95,143 | $612,974 |
| CHIEF STRATEGIC OFFICER Key employee, 1.00 hrs/week | $0 | $508,122 | $95,178 | $603,300 |
| CAO / CFO Officer, 1.00 hrs/week | $0 | $492,900 | $93,423 | $586,323 |
| TRUSTEE Director/trustee, 1.00 hrs/week | $8,500 | $0 | $0 | $8,500 |
0 people received more than $100,000 in reportable compensation from Van Andel Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $35,000 (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 · 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 · 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 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 62
Largest outside contractors
FY2024 · Form 990, Part VII, Section B · businesses only| MD SASS LLC Investment management | $1,294,552 |
| THE NORTHERN TRUST COMPANY Investment management | $1,104,280 |
| NORDIC CAPITAL Investment management | $496,065 |
Individuals listed as contractors are left out. 38 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Van Andel 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 Van Andel Institute, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Van Andel Institute spent in FY2024, $73.53 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Van Andel Institute's spending goes to programs?
In the fiscal year ending November 30, 2024, Van Andel Institute reported that 73.5% of its $90.9 million in expenses went to program services, 23.4% to management and general and 3.1% to fundraising (Form 990, Part IX).
How much does Van Andel Institute pay its top executive?
The largest total compensation Van Andel Institute reported for one person in the fiscal year ending November 30, 2024 was $799,596, for the role of CHAIRMAN / CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Van Andel Institute get its money?
Of $139.3 million in revenue in the fiscal year ending November 30, 2024, 17.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Van Andel Institute a registered charity?
The IRS lists EIN 52-2000820 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024: Form 990 for the fiscal year ending November 30, 2024 (amended), object 202542889349301109 · read the filing · XML
- FY2023: Form 990 for the fiscal year ending November 30, 2023, object 202422889349301787 · read the filing
- FY2022: Form 990 for the fiscal year ending November 30, 2022, object 202323119349304802 · read the filing
- FY2021: Form 990 for the fiscal year ending November 30, 2021, object 202212789349300331 · read the filing
- FY2020: Form 990 for the fiscal year ending November 30, 2020, object 202231339349305618 · read the filing
All filings for EIN 52-2000820: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.