Nonprofit · EIN 81-3250208
INSTITUTE FOR PROTEIN INNOVATION INC
Tax-exempt · BOSTON, MA 02115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,481,529 | $17,537,203 | -$10,055,674 | $204,496,998 | $5,373,958 | $199,123,040 |
| June 30, 2024 | 990 | $4,647,929 | $14,602,368 | -$9,954,439 | $201,899,474 | $4,285,863 | $197,613,611 |
| June 30, 2023 | 990 | $4,022,792 | $13,197,650 | -$9,174,858 | $196,826,153 | $5,622,463 | $191,203,690 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $500,000
- Program service revenue
- $97,790
- Investment income
- $6,883,739
- Net gain from sales of assets
- $1,117,305
- Tax-exempt bond proceeds
- $5,766,434
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $806,940
- Other salaries and wages
- $6,140,540
- Salaries, compensation and benefits (total)
- $8,553,501
- Professional fundraising fees
- $0
- Legal fees
- $40,222
- Accounting fees
- $106,751
- Occupancy
- $2,686,431
- Depreciation
- $1,014,472
- Program services (functional)
- $12,971,110
- Management and general (functional)
- $4,566,093
Balance sheet and other
- Total assets, start of year
- $201,899,474
- Total assets, end of year
- $204,496,998
- Total liabilities, end of year
- $5,373,958
- Net assets, end of year
- $199,123,040
- Land, buildings and equipment
- $5,136,340
- Publicly traded securities
- $185,747,029
- Net assets without donor restrictions
- $198,863,481
- Net assets with donor restrictions
- $259,559
- Gross receipts
- $74,209,892
- Employees
- 63
- Volunteers
- 33
- Year formed
- 2016
- State of legal domicile
- MA
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 | Other / benefits |
|---|---|---|---|---|
| KENNETH FASMAN | PRESIDENT & CEO/EX-OFFICIO Trustee or director, Officer | 40 | $698,168 | $110,878 |
| ROB MEIJERS | SENIOR DIRECTOR ANTIBODY PLATFORM Highest-paid employee | 40 | $278,006 | $52,322 |
| BETTINA STEVENS | CFO (UNTIL 10/24) Officer | 40 | $248,242 | $45,959 |
| TRISHA GURA | DIR. OF COMMUNICATIONS Highest-paid employee | 40 | $239,660 | $44,295 |
| ANDRE TEIXEIRA | SR. DIR. OF ANTIBODY PLATFORM Highest-paid employee | 40 | $238,270 | $45,072 |
| DEBORAH MOSHINSKY | DIRECTOR ANTIBODY CHARACTERIZATION Highest-paid employee | 40 | $237,606 | $42,777 |
| CURTIS WALTON | DIRECTOR OF LABORATORY AUTOMATION Highest-paid employee | 40 | $233,334 | $44,154 |
| SAMANTHA SINGER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL O'HARA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR TIMOTHY A SPRINGER | CO-FOUNDER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STEVEN C ALMO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MAYKIN HO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR AMIR NASHAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STEPHEN BLACKLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISRAEL ROZEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR AURO NAIR | DIRECTOR Trustee or director | 1 | $0 |
| DR RUSTY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| DR JEFFREY FLIER | DIRECTOR (UNTIL 12/24) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH FASMAN | PRESIDENT & CEO/DIRECTOR Trustee or director, Officer | 40 | $523,681 | $87,264 |
| ROB MEIJERS | SENIOR DIRECTOR OF ANTIBODY PLATFORM Highest-paid employee | 40 | $344,886 | $58,551 |
| JOSEPH BERTELSEN | DIR. OF ANTIBODY INIT. (TIL 10/23) Highest-paid employee | 40 | $265,366 | $47,767 |
| TRISHA GURA | DIR. OF COMMUNICATIONS Highest-paid employee | 40 | $231,256 | $42,807 |
| HAISUN ZHU | ASSOCIATE DIRECTOR Highest-paid employee | 40 | $180,719 | $33,284 |
| ANDRE TEIXEIRA | SENIOR DIRECTOR OF ANTIBODY PLATFORM Highest-paid employee | 40 | $183,610 | $28,285 |
| BETTINA STEVENS | CFO Officer | 40 | $65,843 | $8,480 |
| SAMANTHA SINGER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL O'HARA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR TIMOTHY A SPRINGER | CO-FOUNDER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STEVEN C ALMO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JEFFREY FLIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MAYKIN HO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR AMIR NASHAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STEPHEN BLACKLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISRAEL ROZEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR AURO NAIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR RUSTY WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROB MEIJERS | DIRECTOR OF ANTIBODY PLATFORM Key employee | 40 | $378,560 | $40,696 |
| TRISHA GURA | DIR. COMMUNICATIONS Highest-paid employee | 40 | $271,623 | $18,760 |
| JOSEPH BERTELSEN | DIRECTOR OF ANTIBODY INITIATIVES Highest-paid employee | 40 | $248,857 | $41,274 |
| STEPHEN FUCHS | INTERIM ED (UNTIL 10/20/22) Highest-paid employee | 40 | $233,513 | $32,915 |
| KENNETH FASMAN | PRESIDENT & CEO/DIRECTOR Trustee or director, Officer | 40 | $205,330 | $4,382 |
| HAISIN ZHU | SCIENTIST Highest-paid employee | 40 | $164,374 | $36,183 |
| YAMINA BERCHICHE | SENIOR SCIENTIST Highest-paid employee | 40 | $155,290 | $27,996 |
| SAMANTHA SINGER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL O'HARA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR TIMOTHY A SPRINGER | CO-FOUNDER/DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STEVEN C ALMO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JEFFREY FLIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR MAYKIN HO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR AMIR NASHAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR STEPHEN BLACKLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISRAEL ROZEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 BLACKFAN CIRCLE RM 921, BOSTON, MA 02115-5713
- In care of
- % SUZANNE MONAHAN
- Principal officer (990 for 2024)
- KENNETH FASMAN PHD, 4 BLACKFAN CIRCLE 921, BOSTON, MA 02115
- Signed the 990
- KENNETH FASMAN PHD, PRESIDENT & CEO
- Phone
- (617) 314-7970
- Return prepared by
- AAFCPAS INC
Mission
THE INSTITUTE FOR PROTEIN INNOVATION IS ADVANCING PROTEIN SCIENCE TO ACCELERATE RESEARCH AND IMPROVE HUMAN HEALTH.
Program accomplishments
- THE INSTITUTE PROVIDES ACADEMIA AND INDUSTRY WITH SYNTHETIC ANTIBODIES AND DEEP PROTEIN EXPERTISE IN CONJUNCTION WITH BOSTON CHILDREN'S HOSPITAL AND OTHER ACADEMIC AND INDUSTRY PARTNERS. SINCE INCEPTION, THE INSTITUTE HAS PRODUCED AND CHARACTERIZED THOUSANDS OF SYNTHETIC RECOMBINANT ANTIBODIES AGAINST HUNDREDS OF PROTEIN TARGETS VIA ITS HIGH-THROUGHPUT ANTIBODY DISCOVERY PLATFORM. THE INSTITUTE IS COLLABORATING WITH RESEARCHERS IN INDUSTRY AND ACADEMIA TO USE THESE ANTIBODIES TO ACCELERATE RESEARCH AND ENABLE RESEARCH ON NEW THERAPEUTICS THAT IMPROVE HUMAN HEALTH.Expenses $12,971,110 · revenue $97,790
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
- 81-3250208
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H99)
- Assets (IRS master file)
- $204,496,998
- Income (IRS master file)
- $74,209,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,481,529 | $17,537,203 | $204,496,998 | XML |
| 990 | June 2024 | $4,647,929 | $14,602,368 | $201,899,474 | XML |
| 990 | June 2023 | $4,022,792 | $13,197,650 | $196,826,153 | XML |
| 990 | June 2022 | $5,178,433 | $10,986,031 | $191,011,980 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 81-3250208).
Questions about INSTITUTE FOR PROTEIN INNOVATION INC
- What is the EIN of INSTITUTE FOR PROTEIN INNOVATION INC?
- The employer identification number (EIN) of INSTITUTE FOR PROTEIN INNOVATION INC is 81-3250208.
- Is INSTITUTE FOR PROTEIN INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to INSTITUTE FOR PROTEIN INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR PROTEIN INNOVATION 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 INSTITUTE FOR PROTEIN INNOVATION INC 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 INSTITUTE FOR PROTEIN INNOVATION INC 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 INSTITUTE FOR PROTEIN INNOVATION INC?
- The 990 for the year ended June 30, 2025 names KENNETH FASMAN PHD.
- Who are the officers and directors of INSTITUTE FOR PROTEIN INNOVATION INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 7 received compensation from the organization, the highest $698,168 (KENNETH FASMAN, PRESIDENT & CEO/EX-OFFICIO).
- How much revenue does INSTITUTE FOR PROTEIN INNOVATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,481,529, expenses of $17,537,203 and total assets of $204,496,998 at year end.
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