Nonprofit · EIN 46-2882271
INDIANA BIOSCIENCES RESEARCH INSTITUTE INC
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,013,560 | $18,266,507 | -$13,252,947 | $148,182,107 | $24,293,337 | $123,888,770 |
| December 31, 2023 | 990 | $4,463,852 | $15,792,698 | -$11,328,846 | $150,111,240 | $26,683,295 | $123,427,945 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,375,146
- of which government grants
- $722,151
- Program service revenue
- $1,793,462
- Investment income
- $668,665
- Net rental income
- -$4,044
- Net gain from sales of assets
- -$155,236
- Other revenue
- $176,287
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,477,785
- Other salaries and wages
- $5,891,183
- Salaries, compensation and benefits (total)
- $8,713,473
- Professional fundraising fees
- $220,897
- Legal fees
- $98,769
- Accounting fees
- $80,741
- Occupancy
- $2,228,857
- Travel
- $92,470
- Depreciation
- $1,644,195
- Program services (functional)
- $15,392,139
- Management and general (functional)
- $1,817,677
- Fundraising (functional)
- $1,056,691
Balance sheet and other
- Total assets, start of year
- $150,111,240
- Total assets, end of year
- $148,182,107
- Total liabilities, end of year
- $24,293,337
- Net assets, end of year
- $123,888,770
- Land, buildings and equipment
- $8,441,227
- Publicly traded securities
- $12,515,484
- Net assets without donor restrictions
- $72,607,977
- Net assets with donor restrictions
- $51,280,793
- Gross unrelated business income
- -$97,002
- Gross receipts
- $51,840,231
- Employees
- 105
- Volunteers
- 17
- Year formed
- 2013
- State of legal domicile
- IN
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAY HESS MD | PhD MHSA, DIRECTOR Trustee or director | 0.5 | $0 | $1,115,038 | $390,445 |
| ALAN PALKOWITZ PhD | PRESIDENT & CEO Trustee or director, Officer | 32 | $512,952 | $93,006 | $51,630 |
| TATIANA FOROUD PhD | DIRECTOR Trustee or director | 0.5 | $0 | $592,888 | $52,564 |
| Russ Mumper | Director (Began 04/29/24) Trustee or director | 0.5 | $0 | $471,433 | $75,546 |
| Michael Huber | VP for University Relations (Partial Year) Trustee or director | 0.5 | $0 | $467,804 | $74,604 |
| Karen Plaut | Director Trustee or director | 0.5 | $0 | $434,977 | $72,887 |
| Jeffrey Rhoads PhD | Director Trustee or director | 0.5 | $444,797 | $0 | $36,456 |
| Vince Wong | Director (Began 04/29/24) Trustee or director | 0.5 | $0 | $334,699 | $116,393 |
| JOHN JAY M MCGILL PhD | CHIEF OPERATING OFFICER & EXEC VP Officer | 39.5 | $396,903 | $0 | $34,602 |
| MICHELE J SAWYER | CHIEF FINANCIAL OFFICER & EXEC VP Officer | 40 | $368,802 | $0 | $19,936 |
| FRANK LOUIS STANCATO PHD | VICE PRESIDENT - Enabling Technologies Highest-paid employee | 40 | $253,919 | $0 | $35,194 |
| Patrick James Kneer | VP - Metabolic Translational Research Highest-paid employee | 40 | $249,905 | $0 | $30,613 |
| Sharon Elaine Semones | Vice President - Business Development Highest-paid employee | 40 | $213,121 | $0 | $24,844 |
| AMY ELIZABETH DEFELICE | CHIEF OFFICER & EXEC VP Officer | 40 | $199,128 | $0 | $11,252 |
| CRISTOPHER JOHNSTON | DIRECTOR Trustee or director | 0.5 | $0 | $184,257 | $24,507 |
12 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MUSTAPHA MOUSSAIF PhD | SR STAFF SCIENTIST Highest-paid employee | 40 | $160,433 | $0 | $33,275 |
| AMY L ALUISE | Vice President - Research Admin. & Compliance Highest-paid employee | 40 | $165,005 | $0 | $21,415 |
| DAVID INGRAM MD | DIRECTOR Trustee or director | 0.5 | $0 | $56,796 | $34,224 |
| DANIEL F EVANS JR | EXECUTIVE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOHN C LECHLEITER PhD | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Michael Harrington | Secretary & Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Aaron Schacht | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL GOLDEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL PETERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| Debra Luffer-Atlas PhD | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| HANY MOSELHI MD | DIRECTOR (Partial Year) Trustee or director | 0.5 | $0 | $0 | $0 |
| WENDY SRNIC PhD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAY HESS MD | PhD MHSA, DIRECTOR Trustee or director | 0.5 | $0 | $1,055,714 | $387,160 |
| ALAN PALKOWITZ PhD | PRESIDENT & CEO Trustee or director, Officer | 32 | $490,544 | $92,441 | $49,546 |
| TATIANA FOROUD PhD | DIRECTOR Trustee or director | 0.5 | $0 | $571,561 | $53,253 |
| Michael Huber | VP for University Relations Trustee or director | 0.5 | $0 | $457,967 | $71,576 |
| Karen Plaut | Director (Began 4/17/23) Trustee or director | 0.5 | $0 | $403,107 | $68,484 |
| JOHN (JAY) M MCGILL PhD | CHIEF OPERATING OFFICER Officer | 39.5 | $375,771 | $0 | $32,854 |
| Jeffrey Rhoads PhD | Director (began 8/18/23) Trustee or director | 0.5 | $0 | $306,560 | $36,373 |
| MICHELE J SAWYER | CHIEF FINANCIAL OFFICER Officer | 40 | $313,626 | $0 | $18,266 |
| MARY M MADER | VP MOLECULAR INNOVATION Highest-paid employee | 40 | $274,941 | $0 | $31,385 |
| PATRICIA MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $235,056 | $35,223 |
| BRIAN FILLENWARTH | FINANCIAL CONTROLLER Highest-paid employee | 40 | $181,341 | $0 | $37,111 |
| CRISTOPHER JOHNSTON | DIRECTOR Trustee or director | 0.5 | $0 | $166,085 | $50,084 |
| Sharon Elaine Semones | Vice President - Business Development Highest-paid employee | 40 | $163,872 | $0 | $29,829 |
| MUSTAPHA MOUSSAIF PhD | SR STAFF SCIENTIST Highest-paid employee | 40 | $140,907 | $0 | $30,169 |
| Mark Kowala PhD | Vice president - Translational Highest-paid employee | 40 | $142,094 | $0 | $7,716 |
| THERESA MAYER PhD | DIRECTOR (partial year) Trustee or director | 0.5 | $0 | $118,076 | $7,419 |
| DAVID INGRAM MD | DIRECTOR Trustee or director | 0.5 | $0 | $57,242 | $33,041 |
| DANIEL F EVANS JR | EXECUTIVE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Michael Harrington | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| Aaron Schacht | Director Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL GOLDEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DANIEL PETERSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| Debra Luffer-Atlas PhD | Director (began 11/29/23) Trustee or director | 0.5 | $0 | $0 | $0 |
| HANY MOSELHI MD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| JOHN C LECHLEITER PhD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| KENNETH CUSTER PhD | DIRECTOR (partial year) Trustee or director | 0.5 | $0 | $0 | $0 |
| WENDY SRNIC PhD | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1210 WATERWAY BLVD STE 2000, INDIANAPOLIS, IN 46202-2174
- In care of
- % DAVID L JOHNSON
- Principal officer (990 for 2024)
- Alan Palkowitz, 1210 Waterway Blvd 2000, Indianapolis, IN 46202
- Signed the 990
- Alan Palkowitz, President & CEO
- Phone
- (317) 983-3350
- Website
- www.indianabiosciences.org
- Return prepared by
- CROWE LLP
Mission
TO BECOME A LEADING INDEPENDENT RESEARCH INSTITUTE IN THE DISCOVERY AND DEVELOPMENT OF INNOVATIVE SOLUTIONS TO IMPROVE HUMAN HEALTH.
Program accomplishments
- FOUNDED IN 2013, THE INDIANA BIOSCIENCES RESEARCH INSTITUTE'S (IBRI) SCIENTIFIC RESEARCH FOCUSES ON DISCOVERING INNOVATIVE SOLUTIONS FOR UNDERSERVED DISEASES, INCLUDING DIABETES, PEDIATRIC RARE DISEASES AND ALZHEIMER'S DISEASE.Expenses $15,392,139 · revenue $1,973,793
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2882271
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U05)
- Assets (IRS master file)
- $148,182,107
- Income (IRS master file)
- $51,840,231
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,013,560 | $18,266,507 | $148,182,107 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,463,852 | $15,792,698 | $150,111,240 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,098,308 | $12,874,670 | $149,263,304 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 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 46-2882271).
Questions about INDIANA BIOSCIENCES RESEARCH INSTITUTE INC
- What is the EIN of INDIANA BIOSCIENCES RESEARCH INSTITUTE INC?
- The employer identification number (EIN) of INDIANA BIOSCIENCES RESEARCH INSTITUTE INC is 46-2882271.
- Is INDIANA BIOSCIENCES RESEARCH INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to INDIANA BIOSCIENCES RESEARCH INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does INDIANA BIOSCIENCES RESEARCH INSTITUTE INC 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 INDIANA BIOSCIENCES RESEARCH INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANA BIOSCIENCES RESEARCH INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDIANA BIOSCIENCES RESEARCH INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names Alan Palkowitz.
- Who are the officers and directors of INDIANA BIOSCIENCES RESEARCH INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 27 people; 10 received compensation from the organization.
- How much revenue does INDIANA BIOSCIENCES RESEARCH INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,013,560, expenses of $18,266,507 and total assets of $148,182,107 at year end.
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