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Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center

Also known as The Lundquist Institute

Torrance, CA · EIN 95-2138184 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center reported $94.6 million in revenue and $106.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $69.56 went to program services, $29.83 to management and general costs and $0.61 to fundraising. Its largest source of revenue was contributions and grants: 92.0% of the total. Government grants made up 87.1%. The highest compensation it reported for one person was $925,655 (INTERIM CEO). 110 people received more than $100,000 in reportable compensation. Revenue rose 1% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $107M

For 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 June 30, 2025 · Form 990, Part VIII · total revenue $95M

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

FY2025 filing. Median across 169 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
69.6%83.9%
Management & general
Part IX 25(C) ÷ 25(A)
29.8%12.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.6%0.1%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.01$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
92.0%72.7%
Government grants share of revenue
Part VIII 1e ÷ 12
87.1%0.0%
Program service revenue share
Part VIII 2g ÷ 12
5.8%5.8%
Highest reported compensation
Part VII-A, columns D–F
$925,655$628,890
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.87%1.94%
People paid over $100,000
Part VII, line 2
11018
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
7.713.3
Independent voting board members
Part VI 1a–1b
16 of 3093.8%

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

FY2025 · Form 990, Part III · the three largest programs by expense
$39M expenses · 53.0% of program spending · grants $231K

Medical research: medical research, sponsored by the national institutes of health and other federal, state and private agencies, covering many diverse medical and scientific areas of interest in human health

$19M expenses · 26.2% of program spending · revenue $5.5M

Health care program: Lundquist Institute clinical outreach includes women, infants and children (wic) clinics, participation in the south los angeles best babies collaborative, immunize la kids coalition, newborn screening program, perinatal access program, a women's healthcare clinic, and various educational programs

$12M expenses · 16.3% of program spending

Science & technology: training of medical students, interns, residents, and postgraduates

$3.3M all other programs (line 4d)

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
INTERIM CEO
Director/trustee, officer, 40.00 hrs/week
$924,056$0$1,599$925,655
INVESTIGATOR
Highest compensated employee, 40.00 hrs/week
$517,397$0$93,520$610,917
INVESTIGATOR
Highest compensated employee, 40.00 hrs/week
$365,646$0$41,383$407,029
CHIEF OPERATING OFFICER
Key employee, 40.00 hrs/week
$366,213$0$1,044$367,257
SENIOR VICE PRESIDENT OF DEVELOPMENT
Key employee, 40.00 hrs/week
$330,273$0$34,064$364,337
INVESTIGATOR
Highest compensated employee, 40.00 hrs/week
$281,074$0$64,070$345,144
CFO, SVP (UNTIL 07/2024)
Officer, 40.00 hrs/week
$329,596$0$8,236$337,832
VP - RESEARCH ADMINISTRATION
Key employee, 40.00 hrs/week
$281,308$0$45,534$326,842

110 people received more than $100,000 in reportable compensation from Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.0M (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$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$95M$107M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$95M$107M69.6%$68M$925,655
FY2024 ⓘ$97M$105M65.8%$78M$839,319
FY2023 ⓘ$92M$99M67.7%$82M$669,982
FY2022 ⓘ$85M$92M68.4%$87M$469,168
FY2021 ⓘ$89M$91M66.7%$93M$699,293
FY2020 ⓘ$94M$88M68.2%$88M$792,045

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–1b30 · 16 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 5858
  • Volunteers Part I, line 6900

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
REGENTS UCLA
Subcontractors for various studies
$2,128,702
FISHER SCIENTIFIC
Lab supplies and equipment
$884,026
UC DAVIS
Subcontractors for various studies
$680,782
EBSCO INFORMATION SERVICES
Research journals/books/subscriptions
$447,070
UNIVERSITY OF IOWA
Subcontractors for various studies
$309,228

Individuals listed as contractors are left out. 48 contractors were paid more than $100,000 in all.

Private foundation grants it received

4 private foundations reported grants to Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center totaling $1.1M 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 Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical 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 Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center, you can publish a response that is linked from this page.

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Questions people ask

How much of Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center's spending goes to programs?

In the fiscal year ending June 30, 2025, Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center reported that 69.6% of its $106.9 million in expenses went to program services, 29.8% to management and general and 0.6% to fundraising (Form 990, Part IX).

How much does Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center pay its top executive?

The largest total compensation Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center reported for one person in the fiscal year ending June 30, 2025 was $925,655, for the role of INTERIM CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center get its money?

Of $94.6 million in revenue in the fiscal year ending June 30, 2025, 92.0% came from contributions and grants (including 87.1% from government grants) and 5.8% from program service revenue (Form 990, Part VIII).

Is Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center a registered charity?

The IRS lists EIN 95-2138184 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, 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 June 30, 2025, object 202641359349307624 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349306974 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349313851 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301319349304450 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241339349307089 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141319349303879 · read the filing

All filings for EIN 95-2138184: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.