GATES MEDICAL RESEARCH INSTITUTE Charity Report

Public IRS 990 nonprofit record

GATES MEDICAL RESEARCH INSTITUTE

EIN 82-1808476 · Research Institutes & Public Policy Analysis (E05)

What they do

THE GATES MRI ENGAGES DIRECTLY IN THE CONDUCT of MEDICAL RESEARCH IN CONJUNCTION WITH ONE or MORE HOSPITALS for THE PURPOSE of ADDRESSING MAJOR CAUSES of ILLNESS and DEATH IN LOW-AND LOWER-MIDDLE-INCOME COUNTRIES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.80 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

243.40%of revenue went to mission work94.8% of expenses · Program services

$256.81spent for every $100 of revenueSpending was higher than revenue this year.

13.41%of revenue went to management and office costs5.2% of expenses

$1.80in assets for every $1 spent this yearSome assets cannot be spent right away.

99.3%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 $208,297,771 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $910,041 for MICHAEL DUNNE (CHIEF MEDICAL OFFICER (END 12/24)). 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$132,834,027

Mission workProgram services$323,323,996243.40% of revenue94.8% of expenses

ManagementOffice and general costs$17,807,80213.41% of revenue5.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$341,131,798256.81% 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: 94.8% mission · 5.2% management · 0.0% fundraisingTotal expenses: 256.81% of revenue

2023Expense mix: 91.0% mission · 9.0% management · 0.0% fundraisingTotal expenses: 23.42% of revenue

2022Expense mix: 88.3% mission · 11.7% management · 0.0% fundraisingTotal expenses: 1,113.61% of revenue

2021Expense mix: 86.0% mission · 14.0% management · 0.0% fundraisingTotal expenses: 48.50% of revenue

2020Expense mix: 87.4% mission · 12.6% management · 0.0% fundraisingTotal expenses: 309.56% of revenue

2019Expense mix: 79.2% mission · 20.8% management · 0.0% fundraisingTotal expenses: 420.35% of revenue

2018Expense mix: 67.2% mission · 32.8% management · 0.0% fundraisingTotal expenses: 227.78% of revenue

2017Expense mix: 56.2% mission · 43.8% management · 0.0% fundraisingTotal expenses: 1.15% of revenue

Money in and money out

Revenue$132,834,027

Expenses$341,131,798

Annual shortfall $208,297,771 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)$323,323,996 · 94.8% of expenses

Management and office costs$17,807,802 · 5.2% of expenses

See all reported dollar amounts

Revenue$132,834,027

Expenses$341,131,798

Assets$613,229,640

Income$132,834,027

Contributions$131,916,618

Mission work (program services)$323,323,996

Management and general$17,807,802

Executive compensation (total)$4,401,215

Accounting fees$62,288

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

MICHAEL DUNNECHIEF MEDICAL OFFICER (END 12/24) · 40 hrs/week $910,041Base $812,206 · Other $97,835

HARISH KAUSHALTREASURER · 40 hrs/week $806,923Base $712,706 · Other $94,217

DEBRA WEISSCHIEF OPERATING OFFICER · 40 hrs/week $773,052Base $690,828 · Other $82,224

JARED SILVERMANHEAD OF TRANSLATIONAL DISCOVERY · 40 hrs/week $669,605Base $573,001 · Other $96,604

PATRICE MATCHABACHIEF EXECUTIVE OFFICER (START 6/24) · 40 hrs/week $652,494Base $584,380 · Other $68,114

PIPER TRELSTADHEAD OF CHEM, MANUFAC, & CONTROLS · 40 hrs/week $642,743Base $548,565 · Other $94,178

CHARLES WELLSHEAD OF THERAPEUTICS DEVELOPMENT · 40 hrs/week $603,544Base $523,132 · Other $80,412

ALEXANDER SCHMIDTHEAD OF DEVELOPMENT · 40 hrs/week $591,275Base $496,301 · Other $94,974

MARLA CURRANHEAD OF BIOSTATISTICS & DATA SCIENCE · 40 hrs/week $575,526Base $480,102 · Other $95,424

CLAIRE WAGNERHEAD OF CORP STRAT & MKT ACCESS · 40 hrs/week $562,034Base $463,437 · Other $98,597

SALLY JENNINGSSECRETARY · 40 hrs/week $524,721Base $446,414 · Other $78,307

EMILIO EMINICHIEF EXECUTIVE OFFICER (END 6/24) · 40 hrs/week $492,093Base $427,377 · Other $64,716

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)

MICHAEL DUNNECHIEF MEDICAL OFFICER (END 12/24)

HARISH KAUSHALTREASURER

DEBRA WEISSCHIEF OPERATING OFFICER

JARED SILVERMANHEAD OF TRANSLATIONAL DISCOVERY

PATRICE MATCHABACHIEF EXECUTIVE OFFICER (START 6/24)

PIPER TRELSTADHEAD OF CHEM, MANUFAC, & CONTROLS

CHARLES WELLSHEAD OF THERAPEUTICS DEVELOPMENT

ALEXANDER SCHMIDTHEAD OF DEVELOPMENT

MARLA CURRANHEAD OF BIOSTATISTICS & DATA SCIENCE

CLAIRE WAGNERHEAD OF CORP STRAT & MKT ACCESS

SALLY JENNINGSSECRETARY

EMILIO EMINICHIEF EXECUTIVE OFFICER (END 6/24)

CAROLYN AINSLIEDIRECTOR

TONI HOOVERDIRECTOR

TREVOR MUNDELDIRECTOR, BOARD CHAIR

GAGANDEEP KANGDIRECTOR

HELENE MADONICKDIRECTOR (END 12/24)

About this charity

Recognized since: January 2018
Location: ONE KENDAL SQ BLDG 600 STE 6-301, CAMBRIDGE, MA 02139-1562
County: Middlesex
In care of: % TAMARA L WATTS
Primary officer: HARISH KAUSHAL, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailmedia@gatesmri.org Phone(857) 702-2108

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: DELOITTE TAX LLP
NTEE classification: Research Institutes & Public Policy Analysis (E05)
IRS tax category: Research Institutes & Public Policy Analysis