Nonprofit · EIN 06-1671347
BARUCH S BLUMBERG INSTITUTE
Tax-exempt · DOYLESTOWN, PA 18902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,540,516 | $14,985,904 | -$445,388 | $10,531,733 | $4,320,711 | $6,211,022 |
| June 30, 2024 | 990 | $16,543,762 | $16,280,281 | $263,481 | $9,632,204 | $2,668,857 | $6,963,347 |
| June 30, 2023 | 990 | $12,785,028 | $13,256,616 | -$471,588 | $10,544,047 | $5,145,013 | $5,399,034 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,565,075
- of which government grants
- $5,750,284
- Program service revenue
- $379,946
- Investment income
- $534,535
- Royalties
- $5,410
- Net gain from sales of assets
- $451,071
- Other revenue
- $3,060,960
Expenses
- Grants and similar amounts paid
- $1,705,812
- Compensation of officers, directors and key employees
- $992,271
- Other salaries and wages
- $5,804,727
- Salaries, compensation and benefits (total)
- $8,208,481
- Professional fundraising fees
- $0
- Legal fees
- $138,638
- Accounting fees
- $28,140
- Occupancy
- $1,240,520
- Travel
- $157,725
- Depreciation
- $257,858
- Program services (functional)
- $10,243,394
- Management and general (functional)
- $4,719,630
- Fundraising (functional)
- $22,880
Balance sheet and other
- Total assets, start of year
- $9,632,204
- Total assets, end of year
- $10,531,733
- Total liabilities, end of year
- $4,320,711
- Net assets, end of year
- $6,211,022
- Land, buildings and equipment
- $933,750
- Publicly traded securities
- $1,872,032
- Net assets without donor restrictions
- $5,017,810
- Net assets with donor restrictions
- $1,193,212
- Gross receipts
- $14,955,466
- Employees
- 90
- Volunteers
- 6
- Year formed
- 2002
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LOUIS P KASSA MPA | CEO/SECRETARY Trustee or director, Officer | 15 | $314,899 | $0 | $40,371 |
| JU-TAO GUO | PRESIDENT/SR VP FOR RESEARCH Trustee or director, Officer | 40 | $298,718 | $0 | $37,671 |
| RICHARD PESTELL | DISTINGUISHED PROFESSOR Highest-paid employee | 40 | $272,651 | $0 | $31,853 |
| JINHONG CHANG | VICE PRESIDENT, DRUG DEVELOPMENT Highest-paid employee | 40 | $277,614 | $0 | $22,491 |
| YANMING DU | PROFESSOR OF MEDICINAL CHEMISTRY Highest-paid employee | 40 | $241,967 | $0 | $30,175 |
| RANDALL HYER MD PHD | PRESIDENT (THRU 7/2024) Officer | 16 | $238,261 | $0 | $31,404 |
| CHARI COHEN | DIRECTOR (EFF 1/2025) Trustee or director | 1 | $0 | $220,197 | $42,163 |
| BOB CHRISTMAS | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $236,510 | $0 | $24,923 |
| MATTHEW BURKHARDT | DIRECTOR OF B. LABS Highest-paid employee | 40 | $182,599 | $0 | $12,909 |
| TIM BLOCK | DIRECTOR Trustee or director | 0.5 | $35,898 | $0 | $1,194 |
| ELIZABETH SEEBER MBA CPA | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| LOREN DANZIS ESQ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOEL ROSEN ESQ | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| THOMAS SHENK PHD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TONY FORD-HUTCHINSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NIK HEBLE ESQ | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOUIS P KASSA MPA | CEO/SECRETARY Officer | 15 | $314,899 | $39,581 |
| JU-TAO GUO | SR VP FOR RESEARCH Highest-paid employee | 40 | $266,037 | $30,534 |
| RICHARD PESTELL | DISTINGUISHED PROFESSOR Highest-paid employee | 40 | $255,991 | $31,232 |
| JINHONG CHANG | PROFESSOR OF EXPERIMENTAL MEDICINE R Highest-paid employee | 40 | $257,082 | $22,236 |
| RANDALL HYER MD PHD | PRESIDENT Trustee or director, Officer | 16 | $250,809 | $26,050 |
| YANMING DU | PROFESSOR OF MEDICINAL CHE Highest-paid employee | 40 | $222,399 | $29,559 |
| MATTHEW BURKHARDT | DIRECTOR OF B. LABS Highest-paid employee | 40 | $180,830 | $12,728 |
| WAYNE YETTER MBA | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH SEEBER MBA CPA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LOREN DANZIS ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOEL ROSEN ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS SHENK PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD PESTELL MD PHD | DISTINGUISHED PROFESSOR OF TRANSLATION Highest-paid employee | 40 | $246,997 | $0 | $28,545 |
| LOUIS P KASSA III MPA | CEO/SECRETARY Officer | 15 | $245,779 | $0 | $28,925 |
| JU-TAO GUO MD | DIRECTOR, CHAIR OF DIVISION OF EXPER Highest-paid employee | 40 | $232,322 | $0 | $27,932 |
| JINHONG CHANG MD PHD | PROFESSOR OF EXPERIMENTAL MEDICINE R Highest-paid employee | 40 | $209,686 | $0 | $22,083 |
| MATTHEW BURKHARDT | DIRECTOR OF B. LABS Highest-paid employee | 40 | $165,289 | $0 | $25,291 |
| YANMING DU PHD | PROFESSOR OF MEDICINAL CHE Highest-paid employee | 40 | $154,071 | $0 | $25,916 |
| RANDALL HYER | PRESIDENT (EFF 7/1/22) Trustee or director, Officer | 16 | $57,716 | $57,700 | $2,841 |
| WAYNE YETTER MBA | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ELIZABETH SEEBER MBA CPA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LOREN DANZIS ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOEL ROSEN ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS SHENK PHD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3805 OLD EASTON RD, DOYLESTOWN, PA 18902-8400
- Principal officer (990 for 2024)
- LOUIS P KASSA III, 3805 OLD EASTON ROAD, DOYLESTOWN, PA 18902
- Signed the 990
- LOUIS P KASSA III, CEO
- Phone
- (215) 489-4900
- Website
- WWW.BLUMBERGINSTITUTE.ORG
- Return prepared by
- EISNER ADVISORY GROUP LLC
Mission
THE MISSION OF THE BARUCH S. BLUMBERG INSTITUTE IS TO USE DISCOVERY SCIENCE TO FIND NEW THERAPIES FOR VIRAL HEPATITIS AND LIVER CANCER; TO ADVANCE ITS RESEARCH DISCOVERIES THROUGH TRADITIONAL SCHOLARSHIP AND EDUCATIONAL OPPORTUNITIES; TO NURTURE BIOTECHNOLOGY AND TO PROMOTE PUBLIC HEALTH OUTREACH PROGRAMS TO IMPROVE THE QUALITY OF LIFE FOR THOSE AFFECTED BY VIRAL HEPATITIS.
Program accomplishments
- RESEARCH - TO DISCOVER AND/OR ASSIST IN THE DISCOVERY OF THERAPEUTICS, DIAGNOSTICS, AND PATHOGENESIS OF MEDICALLY IMPORTANT DISEASES IN GENERAL AND VIRAL HEPATITIS AND RELATED DISEASES IN PARTICULAR.Expenses $7,572,611 · grants $1,005,812 · revenue $80,000
- B. LABS AT CIRA CENTER - BEGINNING IN JANUARY 2022, BSBI REPLICATED ITS SUCCESSFUL LIFE SCIENCES INCUBATOR MODEL BY PARTNERING WITH BRANDYWINE REALTY TRUST INCLUDING THE MANAGEMENT OF OPERATIONS, PROVIDING OF SERVICES TO AND RECRUITMENT OF COMPANIES FOR THE INCUBATOR.Expenses $1,673,670 · revenue $1,951,637
- PUBLIC HEALTH OUTREACH AND TRAINING - TO PROMOTE AWARENESS OF LIVER DISEASES AND CHRONIC DISEASES; TO PROMOTE EDUCATION AND TRAINING IN THE AREA OF LIVER DISEASE ALONG WITH DISCOVERY RESEARCH AND PUBLIC HEALTH.Expenses $812,200 · grants $700,000 · revenue $1,273,265
- ACADEMIC - THE BARUCH S. BLUMBERG INSTITUTE HAS PARTNERED WITH SCHOOLS AND HIGHER EDUCATION AND OTHER AGENCIES TO BRING ACADEMIC PROGRAMMING TO THE BIOTECHNOLOGY CENTER.Expenses $184,913 · revenue $170,083
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1671347
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H400)
- Assets (IRS master file)
- $10,531,733
- Income (IRS master file)
- $14,955,466
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,540,516 | $14,985,904 | $10,531,733 | XML |
| 990 | June 2024 | $16,543,762 | $16,280,281 | $9,632,204 | IRS |
| 990 | June 2023 | $12,785,028 | $13,256,616 | $10,544,047 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $8,126,046 | $8,509,549 | $7,307,209 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1671347).
Questions about BARUCH S BLUMBERG INSTITUTE
- What is the EIN of BARUCH S BLUMBERG INSTITUTE?
- The employer identification number (EIN) of BARUCH S BLUMBERG INSTITUTE is 06-1671347.
- Is BARUCH S BLUMBERG INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to BARUCH S BLUMBERG INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BARUCH S BLUMBERG INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BARUCH S BLUMBERG INSTITUTE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BARUCH S BLUMBERG INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BARUCH S BLUMBERG INSTITUTE?
- The 990 for the year ended June 30, 2025 names LOUIS P KASSA III.
- Who are the officers and directors of BARUCH S BLUMBERG INSTITUTE?
- The 990 for the year ended June 30, 2025 lists 16 people; 9 received compensation from the organization, the highest $314,899 (LOUIS P KASSA MPA, CEO/SECRETARY).
- How much revenue does BARUCH S BLUMBERG INSTITUTE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,540,516, expenses of $14,985,904 and total assets of $10,531,733 at year end.
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