THE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH Charity Report

Public IRS 990 nonprofit record

THE FEINSTEIN INSTITUTES FOR MEDICAL RESEARCH

EIN 11-2673595 · Medical Research (H900)

What they do

THE FEINSTEIN INSTITUTE for MEDICAL RESEARCH ("THE INSTITUTE") is THE RESEARCH BRANCH of NORTHWELL HEALTH ("NORTHWELL"). THROUGH ITS AFFILIATION WITH NORTHWELL, THE INSTITUTES MISSION is to BRIDGE THE GAP BETWEEN BIOMEDICAL RESEARCH and PATIENT CARE, ACCESSING HUNDREDS of THOUSANDS of PATIENTS IN NORTHWELLS VARIOUS HOSPITALS, LONG-TERM CARE FACILITIES, TRAUMA CENTERS, HOME HEALTH AGENCIES and OUTPATIENT FACILITIES. INSTITUTE SCIENTISTS COLLABORATE WITH CLINICIANS THROUGHOUT NORTHWELL to SHED LIGHT ON BASIC BIOLOGICAL PROCESSES UNDERLYING DISEASE. THIS KNOWLEDGE is USED to DEVELOP NEW THERAPIES and DIAGNOSTICS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

87.49%of revenue went to mission work87.5% of expenses · Program services

4.69%of revenue went to fundraising4.7% of expenses

$99.98spent for every $100 of revenueRevenue covered expenses this year.

7.80%of revenue went to management and office costs7.8% of expenses

$1.40in assets for every $1 spent this yearSome assets cannot be spent right away.

86.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,809,053 for KEVIN TRACEY (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$163,308,471

Mission workProgram services$142,885,55787.49% of revenue87.5% of expenses

ManagementOffice and general costs$12,738,5317.80% of revenue7.8% of expenses

FundraisingAsking for donations$7,655,2374.69% of revenue4.7% of expenses

Revenue left after expensesReported annual surplus$29,1460.02% of revenueShown in gray on the chart

Total expenses$163,279,32599.98% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.5% mission · 7.8% management · 4.7% fundraisingTotal expenses: 99.98% of revenue

2023Expense mix: 86.7% mission · 7.6% management · 5.7% fundraisingTotal expenses: 98.76% of revenue

2022Expense mix: 85.9% mission · 7.6% management · 6.5% fundraisingTotal expenses: 100.21% of revenue

2021Expense mix: 84.4% mission · 8.5% management · 7.1% fundraisingTotal expenses: 90.89% of revenue

2020Expense mix: 83.7% mission · 8.5% management · 7.8% fundraisingTotal expenses: 96.22% of revenue

2019Expense mix: 84.1% mission · 8.1% management · 7.8% fundraisingTotal expenses: 97.16% of revenue

2018Expense mix: 81.2% mission · 10.7% management · 8.1% fundraisingTotal expenses: 103.38% of revenue

2017Expense mix: 78.3% mission · 12.1% management · 9.6% fundraisingTotal expenses: 99.97% of revenue

Money in and money out

Revenue$163,308,471

Expenses$163,279,325

Annual surplus $29,146 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$142,885,557 · 87.5% of expenses

Management and office costs$12,738,531 · 7.8% of expenses

Fundraising$7,655,237 · 4.7% of expenses

See all reported dollar amounts

Revenue$163,308,471

Expenses$163,279,325

Assets$229,331,844

Income$203,685,286

Contributions$141,059,017

Mission work (program services)$142,885,557

Fundraising$7,655,237

Management and general$12,738,531

Stocks and bonds$61,078,430

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEVIN TRACEYPRESIDENT · 50 hrs/week $1,809,053Base $1,723,661 · Other $85,392

PING WANGCHIEF SCIENTIFIC OFFICER · 50 hrs/week $1,052,064Base $997,923 · Other $54,141

BETTY DIAMONDCENTER HEAD/AUTOIMMUNE DISEASE · 50 hrs/week $799,090Base $744,926 · Other $54,164

CHAD BOUTONVP, ADVANCED ENGINEERING · 50 hrs/week $740,155Base $654,833 · Other $85,322

CHRISTINA BRENNANSVP, CLINICAL RESEARCH · 50 hrs/week $701,583Base $663,033 · Other $38,550

DOUGLAS NIXONKARCHES FAMILY CHAIR IN TRANSL · 50 hrs/week $683,878Base $628,413 · Other $55,465

CATHERINE ALFANOVP, CANCER CARE MGMT & RSCH · 50 hrs/week $668,618Base $630,068 · Other $38,550

MICHELE CUSACKEVP & CFO $85,322Base · Other $85,322

LAURENCE KRAEMEREVP, GENERAL COUNSEL & ASST SE $69,777Base · Other $69,777

RALPH NAPPICHAIRMAN EMERITUS $69,731Base · Other $69,731

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

KEVIN TRACEYPRESIDENT

PING WANGCHIEF SCIENTIFIC OFFICER

BETTY DIAMONDCENTER HEAD/AUTOIMMUNE DISEASE

CHAD BOUTONVP, ADVANCED ENGINEERING

CHRISTINA BRENNANSVP, CLINICAL RESEARCH

DOUGLAS NIXONKARCHES FAMILY CHAIR IN TRANSL

CATHERINE ALFANOVP, CANCER CARE MGMT & RSCH

MICHELE CUSACKEVP & CFO

LAURENCE KRAEMEREVP, GENERAL COUNSEL & ASST SE

RALPH NAPPICHAIRMAN EMERITUS

LEWIS RANIERICO-CHAIRMAN

BARBARA HRBEK ZUCKERCHAIRWOMAN EMERITUS

NON COMPENSATED TRUSTEESSEE SCHEDULE O

JACK ROSSVICE CHAIRMAN

ROBERT CATELLTREASURER

SCOTT RECHLERCO-CHAIRMAN

SUSAN CLASTERSECRETARY

About this charity

Recognized since: January 1985
Location: 972 BRUSH HOLLOW RD 5TH FL, WESTBURY, NY 11590-1740
County: Nassau
In care of: % NORTHWELL HEALTH INC
Primary officer: Michele L Cusack, EVP & CFO

How to reach them

WebsiteVisit the charity’s website Phone(516) 321-6058

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
NTEE classification: Medical Research (H900)