INDIANA BIOSCIENCES RESEARCH INSTITUTE INC Charity Report

Public IRS 990 nonprofit record

INDIANA BIOSCIENCES RESEARCH INSTITUTE INC

EIN 46-2882271 · Research Institutes & Public Policy Analysis (U05)

What they do

THE IBRI is AN INDEPENDENT LIFE SCIENCES RESEARCH INSTITUTE FOCUSED ON ADDRESSING MAJOR UNDERSERVED AREAS of PUBLIC HEALTH INCLUDING DIABETES, PEDIATRIC RARE DISEASES, and ALZHEIMERS DISEASE. THE IBRI FACILITATES THE GROWTH of THE BIOMEDICAL COMMUNITY BY ATTRACTING TALENT and INDUSTRY to THE STATE and AIDES IN THE COMMERCIALIZATION of TECHNOLOGIES to FOSTER FURTHER ECONOMIC DEVELOPMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.30 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 leaders27 people are listed in the latest report.

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

Money made simple

307.01%of revenue went to mission work84.3% of expenses · Program services

21.08%of revenue went to fundraising5.8% of expenses

$364.34spent for every $100 of revenueSpending was higher than revenue this year.

36.26%of revenue went to management and office costs10.0% of expenses

$8.11in assets for every $1 spent this yearSome assets cannot be spent right away.

47.4%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.

Worth asking: Expenses exceeded revenue by $13,252,947 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $564,582 for ALAN PALKOWITZ PHD (PRESIDENT & CEO). 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$5,013,560

Mission workProgram services$15,392,139307.01% of revenue84.3% of expenses

ManagementOffice and general costs$1,817,67736.26% of revenue10.0% of expenses

FundraisingAsking for donations$1,056,69121.08% of revenue5.8% of expenses

Total expenses$18,266,507364.34% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 84.3% mission · 10.0% management · 5.8% fundraisingTotal expenses: 364.34% of revenue

2023Expense mix: 81.6% mission · 13.8% management · 4.5% fundraisingTotal expenses: 353.79% of revenue

2022Expense mix: 78.7% mission · 15.0% management · 6.3% fundraisingTotal expenses: 314.15% of revenue

2021Expense mix: 79.8% mission · 14.7% management · 5.5% fundraisingTotal expenses: 136.69% of revenue

2020Expense mix: 79.0% mission · 12.5% management · 8.6% fundraisingTotal expenses: 50.13% of revenue

2019Expense mix: 77.5% mission · 13.3% management · 9.1% fundraisingTotal expenses: 112.65% of revenue

2018Expense mix: 75.0% mission · 13.9% management · 11.1% fundraisingTotal expenses: 134.87% of revenue

2017Expense mix: 77.2% mission · 15.3% management · 7.5% fundraisingTotal expenses: 380.12% of revenue

Money in and money out

Revenue$5,013,560

Expenses$18,266,507

Annual shortfall $13,252,947 Expenses were higher than revenue 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)$15,392,139 · 84.3% of expenses

Management and office costs$1,817,677 · 10.0% of expenses

Fundraising$1,056,691 · 5.8% of expenses

See all reported dollar amounts

Revenue$5,013,560

Expenses$18,266,507

Assets$148,182,107

Income$51,840,231

Contributions$2,375,146

Mission work (program services)$15,392,139

Fundraising$1,056,691

Management and general$1,817,677

Executive compensation (total)$2,747,795

Stocks and bonds$12,515,484

Accounting fees$80,741

Investing fees$521,855

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

ALAN PALKOWITZ PHDPRESIDENT & CEO · 32 hrs/week $564,582Base $512,952 · Other $51,630

JEFFREY RHOADS PHDDIRECTOR $481,253Base $444,797 · Other $36,456

JOHN JAY M MCGILL PHDCHIEF OPERATING OFFICER & EXEC VP · 40 hrs/week $431,505Base $396,903 · Other $34,602

JAY HESS MDPHD MHSA, DIRECTOR $390,445Base · Other $390,445

MICHELE J SAWYERCHIEF FINANCIAL OFFICER & EXEC VP · 40 hrs/week $388,738Base $368,802 · Other $19,936

FRANK LOUIS STANCATO PHDVICE PRESIDENT - ENABLING TECHNOLOGIES · 40 hrs/week $289,113Base $253,919 · Other $35,194

PATRICK JAMES KNEERVP - METABOLIC TRANSLATIONAL RESEARCH · 40 hrs/week $280,518Base $249,905 · Other $30,613

SHARON ELAINE SEMONESVICE PRESIDENT - BUSINESS DEVELOPMENT · 40 hrs/week $237,965Base $213,121 · Other $24,844

AMY ELIZABETH DEFELICECHIEF OFFICER & EXEC VP · 40 hrs/week $210,380Base $199,128 · Other $11,252

MUSTAPHA MOUSSAIF PHDSR STAFF SCIENTIST · 40 hrs/week $193,708Base $160,433 · Other $33,275

AMY L ALUISEVICE PRESIDENT - RESEARCH ADMIN. & COMPLIANCE · 40 hrs/week $186,420Base $165,005 · Other $21,415

VINCE WONGDIRECTOR (BEGAN 04/29/24) $116,393Base · Other $116,393

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 (27)

ALAN PALKOWITZ PHDPRESIDENT & CEO

JEFFREY RHOADS PHDDIRECTOR

JOHN JAY M MCGILL PHDCHIEF OPERATING OFFICER & EXEC VP

JAY HESS MDPHD MHSA, DIRECTOR

MICHELE J SAWYERCHIEF FINANCIAL OFFICER & EXEC VP

FRANK LOUIS STANCATO PHDVICE PRESIDENT - ENABLING TECHNOLOGIES

PATRICK JAMES KNEERVP - METABOLIC TRANSLATIONAL RESEARCH

SHARON ELAINE SEMONESVICE PRESIDENT - BUSINESS DEVELOPMENT

AMY ELIZABETH DEFELICECHIEF OFFICER & EXEC VP

MUSTAPHA MOUSSAIF PHDSR STAFF SCIENTIST

AMY L ALUISEVICE PRESIDENT - RESEARCH ADMIN. & COMPLIANCE

VINCE WONGDIRECTOR (BEGAN 04/29/24)

RUSS MUMPERDIRECTOR (BEGAN 04/29/24)

MICHAEL HUBERVP FOR UNIVERSITY RELATIONS (PARTIAL YEAR)

KAREN PLAUTDIRECTOR

TATIANA FOROUD PHDDIRECTOR

DAVID INGRAM MDDIRECTOR

CRISTOPHER JOHNSTONDIRECTOR

WENDY SRNIC PHDDIRECTOR

MICHAEL HARRINGTONSECRETARY & TREASURER

JOHN C LECHLEITER PHDVICE CHAIR

AARON SCHACHTDIRECTOR

HANY MOSELHI MDDIRECTOR (PARTIAL YEAR)

DEBRA LUFFER-ATLAS PHDDIRECTOR

DANIEL F EVANS JREXECUTIVE CHAIR

DANIEL PETERSONDIRECTOR

DANIEL GOLDENDIRECTOR

About this charity

Recognized since: January 2021
Location: 1210 WATERWAY BLVD STE 2000, INDIANAPOLIS, IN 46202-2174
County: Marion
In care of: % DAVID L JOHNSON
Primary officer: Alan Palkowitz, President & CEO

How to reach them

WebsiteVisit the charity’s website Phone(317) 983-3350

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Research Institutes & Public Policy Analysis (U05)
IRS tax category: Research Institutes & Public Policy Analysis