THE MORGRIDGE INSTITUTE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

THE MORGRIDGE INSTITUTE FOUNDATION INC

EIN 82-2760376 · Single Organization Support (H11)

What they do

THE MORGRIDGE INSTITUTE FOUNDATION OPERATES EXCLUSIVELY for THE BENEFIT of THE MORGRIDGE INSTITUTE for RESEARCH, INC., A TAX-EXEMPT 501(C)3 MEDICAL RESEARCH ORGANIZATION AFFILIATED WITH THE UNIVERSITY of WISCONSIN - MADISON. THE FOUNDATION ADMINISTERS GIFTS, GRANTS, BEQUESTS, and DEVISES to PROMOTE, ENCOURAGE, and AID THE MISSION and VISION of THE INSTITUTE, WHICH is to SOLVE MAJOR CHALLENGES to 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $90.80 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 leaders18 people are listed in the latest report.

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

Money made simple

26.39%of revenue went to mission work90.8% of expenses · Program services

$29.06spent for every $100 of revenueRevenue covered expenses this year.

2.68%of revenue went to management and office costs9.2% of expenses

$24.22in assets for every $1 spent this yearSome assets cannot be spent right away.

60.0%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 $53,171 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$84,878,840

Mission workProgram services$22,397,26326.39% of revenue90.8% of expenses

ManagementOffice and general costs$2,272,5452.68% of revenue9.2% of expenses

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

Revenue left after expensesReported annual surplus$60,209,03270.94% of revenueShown in gray on the chart

Total expenses$24,669,80829.06% 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: 90.8% mission · 9.2% management · 0.0% fundraisingTotal expenses: 29.06% of revenue

2023Expense mix: 90.6% mission · 9.4% management · 0.0% fundraisingTotal expenses: 49.42% of revenue

2022Expense mix: 88.3% mission · 11.7% management · 0.0% fundraisingTotal expenses: 6,480.96% of revenue

2021Expense mix: 83.6% mission · 16.4% management · 0.0% fundraisingTotal expenses: 45.06% of revenue

2020Expense mix: 83.9% mission · 16.1% management · 0.0% fundraisingTotal expenses: 20.62% of revenue

2019Expense mix: 72.2% mission · 27.8% management · 0.0% fundraisingTotal expenses: 75.82% of revenue

2018Expense mix: 83.2% mission · 16.8% management · 0.0% fundraisingTotal expenses: 152.16% of revenue

2017Expense mix: 78.4% mission · 21.6% management · 0.0% fundraisingTotal expenses: 2.92% of revenue

Money in and money out

Revenue$84,878,840

Expenses$24,669,808

Annual surplus $60,209,032 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)$22,397,263 · 90.8% of expenses

Management and office costs$2,272,545 · 9.2% of expenses

See all reported dollar amounts

Revenue$84,878,840

Expenses$24,669,808

Assets$597,585,881

Income$84,878,840

Contributions$50,943,222

Mission work (program services)$22,397,263

Grants given$130,559,125

Average grant$13,055,913

Management and general$2,272,545

Stocks and bonds$574,531,673

Investing fees$2,270,351

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 $53,171Base · Other $53,171

KATHI STANEKCFO/COO/TREASURER $50,205Base · Other $50,205

BRIAN MATTMILLERCHIEF COMMUNICATIONS OFF./SECRETARY $48,509Base · Other $48,509

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 (18)

BRAD SCHWARTZCEO/TRUSTEE

KATHI STANEKCFO/COO/TREASURER

BRIAN MATTMILLERCHIEF COMMUNICATIONS OFF./SECRETARY

WINSLOW L SARGEANTTRUSTEE

THOMAS PYLE JRTRUSTEE

TESS MORGRIDGE GARDNERTRUSTEE

TASHIA MORGRIDGETRUSTEE

JOHN NEISTRUSTEE

JOHN MORGRIDGETRUSTEE

JOHN DURANTTRUSTEE

JOHN BURRISTRUSTEE

JAMES DAHLBERGTRUSTEE

JACQUELYN FREDRICKTRUSTEE/CHAIR

HARVEY COHENTRUSTEE

GREGG FERGUSTRUSTEE

FRED ROBERTSONTRUSTEE/VICE CHAIR

ERIK IVERSONTRUSTEE

ERIC MORGRIDGETRUSTEE

About this charity

Recognized since: January 2017
Location: 330 N ORCHARD ST, MADISON, WI 53715-1119
County: Dane
In care of: % KATHI STANEK
Primary officer: KATHI STANEK, CFO/COO/TREASURER

How to reach them

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: Single Organization Support (H11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes