NOVO NORDISK FONDEN Charity Report

Public IRS 990 nonprofit record

NOVO NORDISK FONDEN

EIN 98-1718091 · Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)

What they do

NOVO NORDISK FONDEN (NNF) CONTRIBUTES SIGNIFICANTLY to RESEARCH and DEVELOPMENT THAT IMPROVES THE LIVES of PEOPLE and THE SUSTAINABILITY of SOCIETY THROUGH GRANTMAKING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.90 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 leaders13 people are listed in the latest report.

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

Money made simple

88.15%of revenue went to mission work95.9% of expenses · Program services

$91.92spent for every $100 of revenueRevenue covered expenses this year.

3.77%of revenue went to management and office costs4.1% of expenses

$6.86in assets for every $1 spent this yearSome assets cannot be spent right away.

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 $1,598,724 for MADS KROGSGAARD THOMSEN (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$1,362,313,838

Mission workProgram services$1,200,845,14988.15% of revenue95.9% of expenses

ManagementOffice and general costs$51,421,6703.77% of revenue4.1% of expenses

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

Revenue left after expensesReported annual surplus$110,047,0198.08% of revenueShown in gray on the chart

Total expenses$1,252,266,81991.92% 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: 95.9% mission · 4.1% management · 0.0% fundraisingTotal expenses: 91.92% of revenue

2023Expense mix: 96.4% mission · 3.6% management · 0.0% fundraisingTotal expenses: 525.75% of revenue

Money in and money out

Revenue$1,362,313,838

Expenses$1,252,266,819

Annual surplus $110,047,019 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)$1,200,845,149 · 95.9% of expenses

Management and office costs$51,421,670 · 4.1% of expenses

See all reported dollar amounts

Revenue$1,362,313,838

Expenses$1,252,266,819

Assets$8,588,465,835

Income$10,680,565,265

Mission work (program services)$1,200,845,149

Grants given$49,313,931

Average grant$1,761,212

Management and general$51,421,670

Stocks and bonds$5,059,395,276

Accounting fees$420,466

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

MADS KROGSGAARD THOMSENCEO · 40 hrs/week $1,598,724Base $1,284,200 · Other $314,524

SOREN NEDERGAARDCOO · 40 hrs/week $560,766Base $495,106 · Other $65,660

ERIKA SODERBERG JOHNSSONCFO · 40 hrs/week $452,991

LARS REBIEN SORENSENCHAIR · 1 hrs/week $374,302

STEEN RIISGAARDDIRECTOR · 1 hrs/week $223,624

LARS HENRIK MUNCHVICE CHAIR · 1 hrs/week $172,431

LARS HENRIK FUGGERDIRECTOR · 1 hrs/week $122,688

CHRISTOPHER ASHBY VOIGTDIRECTOR · 1 hrs/week $103,691

NANA SEJBAEKDIRECTOR · 1 hrs/week $86,289

LISELOTTE HOJGAARDDIRECTOR · 1 hrs/week $85,708

MADS BORITZ GRONDIRECTOR · 1 hrs/week $71,206

OLE JAKOB MULLERDIRECTOR · 1 hrs/week $71,206

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 (13)

MADS KROGSGAARD THOMSENCEO

SOREN NEDERGAARDCOO

ERIKA SODERBERG JOHNSSONCFO

LARS REBIEN SORENSENCHAIR

STEEN RIISGAARDDIRECTOR

LARS HENRIK MUNCHVICE CHAIR

LARS HENRIK FUGGERDIRECTOR

CHRISTOPHER ASHBY VOIGTDIRECTOR

NANA SEJBAEKDIRECTOR

LISELOTTE HOJGAARDDIRECTOR

MADS BORITZ GRONDIRECTOR

OLE JAKOB MULLERDIRECTOR

STIG STROBAEKDIRECTOR

About this charity

Recognized since: January 2024
Location: HELLERUP 2900, DENMARK
In care of: MADS KROGSGAARD THOMSEN
Primary officer: MADS KROGSGAARD THOMSEN, CEO

How to reach them

WebsiteVisit the charity’s website Phone(452) 499-9199

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Fund Raising & Fund Distribution - Philanthropy, Voluntarism, and Grantmaking (T12)
IRS tax category: Fund Raising & Fund Distribution
Grant-giving organization: Yes