THE MORGRIDGE INSTITUTE FOR RESEARCH INC Charity Report

Public IRS 990 nonprofit record

THE MORGRIDGE INSTITUTE FOR RESEARCH INC

EIN 20-8325570 · Hospitals (E20)

What they do

OUR MISSION is to IMPROVE HUMAN HEALTH BY CONDUCTING, ENABLING and TRANSLATING INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH IN PARTNERSHIP WITH THE UNIVERSITY of WISCONSIN-MADISON and OTHERS, BY LEVERAGING OUR COLLECTIVE STRENGTH IN RESEARCH and EDUCATION.OUR VISION is to SOLVE MAJOR CHALLENGES to HUMAN HEALTH BY SERVING AS AN INTERDISCIPLINARY RESEARCH CENTER and COLLABORATIVE HUB THAT ENABLES INVESTIGATORS to ADDRESS and ANSWER FUNDAMENTAL BIOMEDICAL QUESTIONS.WE ENVISION USING OUR PRIVATE STATUS and STREAMLINED ORGANIZATIONAL STRUCTURE to RESPOND NIMBLY to EMERGING OPPORTUNITIES. IN PARTNERSHIP WITH AN OUTSTANDING PUBLIC RESEARCH UNIVERSITY WE WILL SYNERGISTICALLY ENHANCE OUR COLLECTIVE STRENGTHS.THROUGH COMMUNITY ENGAGEMENT WE WILL PROMOTE BETTER UNDERSTANDING of THE HEALTH BENEFITS of BIOMEDICAL RESEARCH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.00 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 leaders26 people are listed in the latest report.

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

Money made simple

33.30%of revenue went to mission work70.0% of expenses · Program services

1.37%of revenue went to fundraising2.9% of expenses

$47.56spent for every $100 of revenueRevenue covered expenses this year.

12.89%of revenue went to management and office costs27.1% of expenses

$2.18in assets for every $1 spent this yearSome assets cannot be spent right away.

99.7%of its money came from giftsOther money may come from services or investments.

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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 $594,568 for BRAD SCHWARTZ (CEO/TRUSTEE). 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$78,378,897

Mission workProgram services$26,103,47933.30% of revenue70.0% of expenses

ManagementOffice and general costs$10,100,24612.89% of revenue27.1% of expenses

FundraisingAsking for donations$1,072,8341.37% of revenue2.9% of expenses

Revenue left after expensesReported annual surplus$41,102,33852.44% of revenueShown in gray on the chart

Total expenses$37,276,55947.56% 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: 70.0% mission · 27.1% management · 2.9% fundraisingTotal expenses: 47.56% of revenue

2023Expense mix: 66.6% mission · 29.7% management · 3.6% fundraisingTotal expenses: 96.10% of revenue

2022Expense mix: 64.6% mission · 31.7% management · 3.7% fundraisingTotal expenses: 107.30% of revenue

2021Expense mix: 63.1% mission · 33.2% management · 3.8% fundraisingTotal expenses: 91.60% of revenue

2020Expense mix: 63.1% mission · 33.6% management · 3.3% fundraisingTotal expenses: 93.53% of revenue

2019Expense mix: 76.3% mission · 20.9% management · 2.9% fundraisingTotal expenses: 101.68% of revenue

2018Expense mix: 75.4% mission · 21.7% management · 3.0% fundraisingTotal expenses: 98.68% of revenue

2017Expense mix: 96.4% mission · 3.4% management · 0.2% fundraisingTotal expenses: 106.02% of revenue

Money in and money out

Revenue$78,378,897

Expenses$37,276,559

Annual surplus $41,102,338 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)$26,103,479 · 70.0% of expenses

Management and office costs$10,100,246 · 27.1% of expenses

Fundraising$1,072,834 · 2.9% of expenses

See all reported dollar amounts

Revenue$78,378,897

Expenses$37,276,559

Assets$81,240,978

Income$78,451,993

Contributions$78,122,274

Mission work (program services)$26,103,479

Fundraising$1,072,834

Grants given$13,513,950

Average grant$1,689,244

Management and general$10,100,246

Executive compensation (total)$3,610,045

Accounting fees$234,542

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

BRAD SCHWARTZCEO/TRUSTEE · 40 hrs/week $594,568Base $541,397 · Other $53,171

RANDY BARTELSDIRECTOR OF HUMAN RESOURCES · 40 hrs/week $427,752Base $367,241 · Other $60,511

KATHI STANEKCFO/COO/TREASURER · 40 hrs/week $403,653Base $353,448 · Other $50,205

WILLIAM SWISHER JRCHIEF DEVELOPMENT OFFICER · 40 hrs/week $359,164Base $303,350 · Other $55,814

MELISSA SKALALEAD INVESTIGATOR · 40 hrs/week $351,595Base $297,345 · Other $54,250

BRIAN MATTMILLERCHIEF COMMUNICATIONS OFF./SECRETARY · 40 hrs/week $276,025Base $227,516 · Other $48,509

PAUL AHLQUISTLEAD INVESTIGATOR · 40 hrs/week $271,414Base $230,118 · Other $41,296

RONALD STEWARTASSOCIATE DIRECTOR - BIOINFORMATICS · 40 hrs/week $248,481Base $209,349 · Other $39,132

ERIK IVERSONTRUSTEE · 4 hrs/week $233,339Base $15,000 · Other $218,339

DOUG EKLUNDCONTROLLER · 40 hrs/week $222,564Base $191,075 · Other $31,489

WINSLOW L SARGEANTTRUSTEE · 2 hrs/week $15,000

TESS MORGRIDGE GARDNERTRUSTEE · 2 hrs/week $15,000

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 (26)

BRAD SCHWARTZCEO/TRUSTEE

RANDY BARTELSDIRECTOR OF HUMAN RESOURCES

KATHI STANEKCFO/COO/TREASURER

WILLIAM SWISHER JRCHIEF DEVELOPMENT OFFICER

MELISSA SKALALEAD INVESTIGATOR

BRIAN MATTMILLERCHIEF COMMUNICATIONS OFF./SECRETARY

PAUL AHLQUISTLEAD INVESTIGATOR

RONALD STEWARTASSOCIATE DIRECTOR - BIOINFORMATICS

ERIK IVERSONTRUSTEE

DOUG EKLUNDCONTROLLER

WINSLOW L SARGEANTTRUSTEE

TESS MORGRIDGE GARDNERTRUSTEE

JOHN NEISTRUSTEE

JOHN BURRISTRUSTEE

JAMES DAHLBERGTRUSTEE

JACQUELYN FREDRICKTRUSTEE/CHAIR

HARVEY COHENTRUSTEE

ERIC MORGRIDGETRUSTEE

PATRICIA LIPTONFORMER TRUSTEE

GREGG FERGUSTRUSTEE

THOMAS PYLE JRTRUSTEE

DEBORAH KELLERFORMER TRUSTEE

JOHN DURANTTRUSTEE

JOHN MORGRIDGETRUSTEE

TASHIA MORGRIDGETRUSTEE

FRED ROBERTSONTRUSTEE/VICE CHAIR

About this charity

Recognized since: January 2007
Location: 330 N ORCHARD ST, MADISON, WI 53715-1119
County: Dane
In care of: % KENNETH G LUTZ
Primary officer: KATHI STANEK, CFO/COO/TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(608) 316-4100

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Hospitals (E20)
IRS tax category: Hospitals
Grant-giving organization: Yes