Nonprofit · EIN 82-2760376
MORGRIDGE INSTITUTE FOUNDATION INC
Tax-exempt · MADISON, WI 53715
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $84,878,840 | $24,669,808 | $60,209,032 | $597,585,881 | $22,894,453 | $574,691,428 |
| June 30, 2024 | 990 | $44,197,120 | $21,840,912 | $22,356,208 | $520,497,197 | $25,304,924 | $495,192,273 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $50,943,222
- Program service revenue
- $0
- Investment income
- $33,935,618
- Net gain from sales of assets
- $28,214,779
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $22,397,263
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $22,397,263
- Management and general (functional)
- $2,272,545
Balance sheet and other
- Total assets, start of year
- $520,497,197
- Total assets, end of year
- $597,585,881
- Total liabilities, end of year
- $22,894,453
- Net assets, end of year
- $574,691,428
- Publicly traded securities
- $574,531,673
- Net assets without donor restrictions
- $562,180,715
- Net assets with donor restrictions
- $12,510,713
- Gross unrelated business income
- $492,423
- Gross receipts
- $84,878,840
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- WI
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 |
|---|---|---|---|---|---|
| BRAD SCHWARTZ | CEO/TRUSTEE Trustee or director, Officer | 0.25 | $0 | $541,397 | $53,171 |
| KATHI STANEK | CFO/COO/TREASURER Officer | 0.25 | $0 | $353,448 | $50,205 |
| BRIAN MATTMILLER | CHIEF COMMUNICATIONS OFF./SECRETARY Officer | 0.25 | $0 | $227,516 | $48,509 |
| JOHN BURRIS | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| HARVEY COHEN | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| JAMES DAHLBERG | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| JACQUELYN FREDRICK | TRUSTEE/CHAIR Trustee or director, Officer | 0.25 | $0 | $15,000 | $0 |
| ERIK IVERSON | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| WINSLOW L SARGEANT | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| TESS MORGRIDGE GARDNER | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| ERIC MORGRIDGE | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| JOHN NEIS | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| GREGG FERGUS | TRUSTEE Trustee or director | 0.25 | $0 | $10,000 | $0 |
| THOMAS PYLE JR | TRUSTEE Trustee or director | 0.25 | $0 | $10,000 | $0 |
| JOHN DURANT | TRUSTEE Trustee or director | 0.25 | $0 | $6,000 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN MORGRIDGE | TRUSTEE Trustee or director | 0.25 | $0 |
| TASHIA MORGRIDGE | TRUSTEE Trustee or director | 0.25 | $0 |
| FRED ROBERTSON | TRUSTEE/VICE CHAIR Trustee or director, Officer | 0.25 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRAD SCHWARTZ | CEO/TRUSTEE Trustee or director, Officer | 0.25 | $0 | $521,700 | $50,535 |
| KATHI STANEK | CFO/COO/TREASURER Officer | 0.25 | $0 | $339,900 | $48,592 |
| BRIAN MATTMILLER | CHIEF COMMUNICATIONS OFF./SECRETARY Officer | 0.25 | $0 | $218,247 | $47,845 |
| JACQUELYN FREDRICK | TRUSTEE/CHAIR Trustee or director, Officer | 0.25 | $0 | $15,000 | $0 |
| MARY BURKE | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| JOHN BURRIS | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| HARVEY COHEN | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| JAMES DAHLBERG | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| ERIK IVERSON | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| DEBORAH KELLER | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| PATRICIA LIPTON | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| JOHN NEIS | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| THOMAS PYLE JR | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| WINSLOW L SARGEANT | TRUSTEE Trustee or director | 0.25 | $0 | $15,000 | $0 |
| TESS MORGRIDGE GARDNER | TRUSTEE Trustee or director | 0.25 | $0 | $10,000 | $0 |
| ERIC MORGRIDGE | TRUSTEE Trustee or director | 0.25 | $0 | $10,000 | $0 |
| THOMAS KRUMMEL | TRUSTEE (UNTIL 2/2024) Trustee or director | 0.25 | $0 | $10,000 | $0 |
| FRED ROBERTSON | TRUSTEE/VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| JOHN MORGRIDGE | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
| TASHIA MORGRIDGE | TRUSTEE Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 N ORCHARD ST, MADISON, WI 53715-1119
- In care of
- % KATHI STANEK
- Principal officer (990 for 2024)
- KATHI STANEK, 330 NORTH ORCHARD STREET, MADISON, WI 53715
- Signed the 990
- KATHI STANEK, CFO/COO/TREASURER
- Phone
- (608) 316-4100
- Return prepared by
- RSM US LLP
Mission
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.
Program accomplishments
- THE FOUNDATION'S MISSION IS TO SUPPORT THE MORGRIDGE INSTITUTE FOR RESEARCH, INC. THE GRANT PROVIDED IS USED BY THE INSTITUTE TO CONDUCT, ENABLE, AND TRANSLATE INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH.Expenses $22,397,263 · grants $22,397,263
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
- 82-2760376
- 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
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H11)
- Assets (IRS master file)
- $597,585,881
- Income (IRS master file)
- $84,878,840
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $84,878,840 | $24,669,808 | $597,585,881 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $44,197,120 | $21,840,912 | $520,497,197 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $254,947 | $16,523,025 | $474,107,649 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | 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 82-2760376).
Questions about MORGRIDGE INSTITUTE FOUNDATION INC
- What is the EIN of MORGRIDGE INSTITUTE FOUNDATION INC?
- The employer identification number (EIN) of MORGRIDGE INSTITUTE FOUNDATION INC is 82-2760376.
- Is MORGRIDGE INSTITUTE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to MORGRIDGE INSTITUTE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does MORGRIDGE INSTITUTE FOUNDATION 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 MORGRIDGE INSTITUTE FOUNDATION 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 MORGRIDGE INSTITUTE FOUNDATION 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 MORGRIDGE INSTITUTE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names KATHI STANEK.
- Who are the officers and directors of MORGRIDGE INSTITUTE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does MORGRIDGE INSTITUTE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $84,878,840, expenses of $24,669,808 and total assets of $597,585,881 at year end.
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