Van Andel Research Institute
Van Andel Research Institute reported $112.7 million in revenue and $118.9 million in expenses for the fiscal year ending November 30, 2024. Of every $100 it spent, $65.34 went to program services, $32.95 to management and general costs and $1.71 to fundraising. Its largest source of revenue was contributions and grants: 87.9% of the total. Government grants made up 29.0%. The highest compensation it reported for one person was $1,722,571 (CHIEF INVESTMENT OFFICER). 119 people received more than $100,000 in reportable compensation. Revenue rose 27% 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 $119MFor 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
The fiscal year ending November 30, 2024 · Form 990, Part VIII · total revenue $113M- Contributions & grants (non-government)$58.68 $66M
- Government grants$28.94 $33M
- Program service revenue$1.16 $1.3M
- Other revenue$11.22 $13M
Investment income was negative: −$339K. 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) | 65.3% | 83.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 32.9% | 12.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.7% | 0.1% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 87.9% | 72.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 29.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.2% | 5.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,722,571 | $628,890 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.45% | 1.94% |
| People paid over $100,000 Part VII, line 2 | 119 | 18 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 6 | 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
FY2024 · Form 990, Part III · the three largest programs by expenseDepartment of epigeneticsschedule o provides further information regarding this program's accomplishments
Department of neurodegenerative scienceschedule o provides further information regarding this program's accomplishments
Department of metabolism and nutritional programming
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 |
|---|---|---|---|---|
| CHIEF INVESTMENT OFFICER Highest compensated employee, 45.00 hrs/week | $1,125,167 | $0 | $597,404 | $1,722,571 |
| ASSOC DIRECT-SR. PORTFOLIO MGR. Highest compensated employee, 45.00 hrs/week | $782,302 | $0 | $458,404 | $1,240,706 |
| CHIEF SCIENTIFIC OFFICER & RES. DIR. Key employee, 44.00 hrs/week | $953,170 | $0 | $165,515 | $1,118,685 |
| SENIOR PORTFOLIO MANAGER Highest compensated employee, 45.00 hrs/week | $530,219 | $0 | $313,619 | $843,838 |
| CHAIRMAN / CEO Director/trustee, officer, 23.00 hrs/week | $691,507 | $0 | $108,088 | $799,595 |
| CHIEF OPERAT. OFFICER (END 4/1/2024) Officer, 44.00 hrs/week | $635,819 | $0 | $101,074 | $736,893 |
| GENERAL COUNSEL Key employee, 42.00 hrs/week | $517,831 | $0 | $95,142 | $612,973 |
| CHIEF STRAT. OFFICER (END 7/5/2024) Key employee, 43.00 hrs/week | $508,121 | $0 | $95,178 | $603,299 |
119 people received more than $100,000 in reportable compensation from Van Andel Research Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.5M (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–1b6 · 5 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 5596
Largest outside contractors
FY2024 · Form 990, Part VII, Section B · businesses only| HURON CONSULTING GROUP INC Consulting services | $1,804,360 |
| MCPC INC Helpdesk services | $467,128 |
| FEI COMPANY Maintenance services | $435,430 |
| TWO BY FOUR LTD Consult. & advert. Services | $358,093 |
Individuals listed as contractors are left out. 26 contractors were paid more than $100,000 in all.
Private foundation grants it received
10 private foundations reported grants to Van Andel Research Institute totaling $311K 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 Van Andel 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 Van Andel Research Institute, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Van Andel Research Institute spent in FY2024, $65.34 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Children's Research InstituteWashington, DC · revenue $109M · programs 79.4% · FY2025
- Sanford Burnham Prebys Medical Discovery InstituteLA Jolla, CA · revenue $114M · programs 82.3% · FY2025
- Stowers Institute for Medical ResearchKansas City, MO · revenue $102M · programs 58.7% · FY2025
- The J David Gladstone InstitutesSan Francisco, CA · revenue $119M · programs 85.4% · 2024
- Chan Zuckerberg BiohubSan Francisco, CA · revenue $100M · programs 85.3% · 2024
All medical research charities · Largest charities in Michigan
Questions people ask
How much of Van Andel Research Institute's spending goes to programs?
In the fiscal year ending November 30, 2024, Van Andel Research Institute reported that 65.3% of its $118.9 million in expenses went to program services, 32.9% to management and general and 1.7% to fundraising (Form 990, Part IX).
How much does Van Andel Research Institute pay its top executive?
The largest total compensation Van Andel Research Institute reported for one person in the fiscal year ending November 30, 2024 was $1,722,571, for the role of CHIEF INVESTMENT OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Van Andel Research Institute get its money?
Of $112.7 million in revenue in the fiscal year ending November 30, 2024, 87.9% came from contributions and grants (including 29.0% from government grants) and 1.2% from program service revenue (Form 990, Part VIII).
Is Van Andel Research Institute a registered charity?
The IRS lists EIN 52-2000823 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. 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, object 202502879349301030 · read the filing · XML
- FY2023: Form 990 for the fiscal year ending November 30, 2023, object 202432889349301838 · read the filing
- FY2022: Form 990 for the fiscal year ending November 30, 2022, object 202332869349302153 · read the filing
- FY2021: Form 990 for the fiscal year ending November 30, 2021, object 202202799349301165 · read the filing
- FY2020: Form 990 for the fiscal year ending November 30, 2020, object 202112879349302036 · read the filing
All filings for EIN 52-2000823: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.