Api Innovation Center
Api Innovation Center reported $10.3 million in revenue and $7.2 million in expenses for calendar year 2024. Of every $100 it spent, $63.67 went to program services, $32.20 to management and general costs and $4.13 to fundraising. Its largest source of revenue was contributions and grants: 94.4% of the total. Government grants made up 94.3%. The highest compensation it reported for one person was $352,639 (CHIEF EXECUTIVE OFFICER). 5 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $7.2MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 63.7% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 32.2% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.1% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 94.4% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 94.3% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.6% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $352,639 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.89% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 5 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.4 | 6.9 |
| Independent voting board members Part VI 1a–1b | 6 of 9 | 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
2024 · Form 990, Part III · the three largest programs by expenseApiic opened a cutting-edge research and development laboratory at the university of missourist. Louis, where scientists are pioneering new routes of synthesis for critical medicines vital to national health security. The team has and is developing and optimizing advanced manufacturing processes for five key active pharmaceutical ingredients (apis)using continuous-flow and innovative techniques to improve efficiency, yield, and purity. Beyond technical achievements, apiic emerged as a national thought leader by shaping policy, publishing influential research, and convening experts to address…
Highest reported compensation
2024 · 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 EXECUTIVE OFFICER Director/trustee, officer, 40.00 hrs/week | $352,639 | $0 | $0 | $352,639 |
| PRESIDENT AND COO Director/trustee, officer, 40.00 hrs/week | $273,946 | $0 | $8,529 | $282,475 |
| EXEC. VP, CHIEF LEGAL, ADMIN OFFICER Director/trustee, officer, 40.00 hrs/week | $234,872 | $0 | $6,100 | $240,972 |
| VP R&D AND PROGRAMS Highest compensated employee, 40.00 hrs/week | $200,985 | $0 | $0 | $200,985 |
| VP, GOVT & EXTERNAL AFFAIRS Highest compensated employee, 40.00 hrs/week | $129,105 | $0 | $0 | $129,105 |
5 people received more than $100,000 in reportable compensation from Api Innovation Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $876K (Part IX, line 5).
4 filings since FY2021 (5 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b9 · 6 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- 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 4Yes
- 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 519
- Volunteers Part I, line 66
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Api Innovation Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Api Innovation Center, you can publish a response that is linked from this page.
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Of every $100 Api Innovation Center spent in 2024, $63.67 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
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All human services charities · Largest charities in Missouri
Questions people ask
How much of Api Innovation Center's spending goes to programs?
In calendar year 2024, Api Innovation Center reported that 63.7% of its $7.2 million in expenses went to program services, 32.2% to management and general and 4.1% to fundraising (Form 990, Part IX).
How much does Api Innovation Center pay its top executive?
The largest total compensation Api Innovation Center reported for one person in calendar year 2024 was $352,639, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Api Innovation Center get its money?
Of $10.3 million in revenue in calendar year 2024, 94.4% came from contributions and grants (including 94.3% from government grants) and 5.6% from program service revenue (Form 990, Part VIII).
Is Api Innovation Center a registered charity?
The IRS lists EIN 87-1772821 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 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533189349313173 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349320598 · read the filing
- 2022: Form 990 for calendar year 2022, object 202321359349303422 · read the filing
- FY2021 (5 mo.): Form 990 for the 5-month short period ending December 31, 2021, object 202201669349301125 · read the filing
All filings for EIN 87-1772821: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.