Jackson Laboratory EIN 01-0211513

Jackson Laboratory FY2021 filing

EIN  01-0211513 Large institutional nonprofit Bar Harbor, ME Founded 1929
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Conducts genomic research to find cures for diseases while providing educational programs and training for students, teachers, and biomedical scientists.
Leadership
Edison T Liu MD Until 1121 · President & CEO · $1.5M
Money in and out
$572.9M revenue, $509.5M expenses
Bottom line
+11% operating surplus

Conducts genomic research to find cures for diseases while providing educational programs and training for students, teachers, and biomedical scientists. For fiscal year 2021 it reported $572.9M in revenue, $509.5M in expenses, and $1.0B in net assets.Pt I

Financial scale & money flow · FY2021
Total revenue
$572.9M
Pt VIII · Ln 12
Total expenses
$509.5M
Pt IX · Ln 25
Net assets
$1.0B
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $63.4M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Operating surplus
+11%
revenue over expenses, this legal entity
Payroll share
52%
of this entity's spending is salaries & benefits
Program spending
84%
of expenses reach program services

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$572.9M
FY2021▲ +9%
Expenses
$509.5M
FY2021▲ +10%
Total assets
$1.5B
FY2021▲ +20%
Total liabilities
$448.1M
FY2021▲ +53%
Total revenue
$572.9M
Pt VIII · Ln 12
Total expenses
$509.5M
Pt IX · Ln 25
Net assets
$1.0B
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$63.4M
Total assetsPt X · Ln 16$1.5B
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 327
Independent voting membersPt I · Ln 426
Mission & Programs · Part III

Where the work happens

3 program services account for $429.9M of program spending, described in the organization's own filed words · FY2021.
01

Develop and provide genetic resourcesthe jackson laboratory (jax) is a global resource for developing, distributing and analyzing innovative models of human disease. It offers an array of model creation, husbandry and diagnostic and analytical services, ranging from custom breeding and strain preservation to drug efficacy studies and…

$262.3Mprogram expense
02

Biomedical researchthe laboratory's researchers combine experience in mammalian genetics and human genomics to shape an integrated approach to personalized medicine. Scientists work collaboratively and cross-discipline, leveraging expertise in cancer, immunology, neurogenetics, life-cycle biology, the microbiome, and computational…

$158.8Mprogram expense
03

Education and trainingthe laboratory offers educational programs for scientists throughout their careers from stem education for high school students and training for science and math teachers to courses and conferences for experienced researchers defining the cutting edge of genomics into their PRACTICES.FOR more information on the…

$8.8Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJackson Laboratory
EINHdr · item D01-0211513
Principal addressHdr · item CBar Harbor, ME
WebsiteHdr · item Jwww.jax.org
Year of formationHdr · item L1929
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H920)
Ruling yearIRS BMFMay 1950

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a27
Independent voting membersPt VI · Ln 1b26
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$1,488,347Pt VII · Sec A
Executive VP & President Jmcrs
$1,479,984Pt VII · Sec A
Executive Vice President & COO
$866,847Pt VII · Sec A
Senior Vice President Research
$593,048Pt VII · Sec A
CEO, the Jackson Laboratory Anitech Biotech Ltd
$548,909Pt VII · Sec A
Scientific Director
$515,344Pt VII · Sec A
Chief Financial Officer
$488,440Pt VII · Sec A
Assoc. Gm, Site Dir & Prod
$477,438Pt VII · Sec A

Lon Cardon PHD Fmedsci’s $2.5M as President & CEO is at the 100th percentile of top reported officer pay among 24 $100M+ medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lon Cardon PHD Fmedsci$2,515,944$1,872,421
Edison T Liu MD Until 1121$1,488,347
Aurobindo Nair$1,479,984$1,032,625
Edison T Liu MD$1,336,777$1,175,290
S Catherine Longley$1,302,770
Lon Cardon PHD Fmedsci$1,299,235$71,385
Mitchell Kennedy$1,260,592$724,685
Aurobindo Nair Until 922$1,019,881

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$415.2M · 72%
Contributions & grants$120.8M · 21%
Investment income$35.0M · 6%
Program service revenue72%$415.2M
Contributions & grants21%$120.8M
Investment income6%$35.0M
Other revenue$1.9M
— government grantsLn 1e$101.6M
Total revenueLn 12$572.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Program services84%$429.9M
Management & general15%$75.1M
Fundraising1%$4.5M
Total functional expensesLn 25$509.5M

Balance Sheet

Part X · end of year
CashLn 1$277.8M
Total assetsLn 16$1.5B
Total liabilitiesLn 26$448.1M
Total net assetsLn 32$1.0B
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $723.5M · Operating expenses (Pt IX) $509.5M · Less non-cash grants $1.4M · Cash operating expenses/yr $508.1M
17.1 months
Where the money goes
Program services
Program services $429.9M · Total expenses $509.5M
84%
Management & General
Management & general $75.1M · Total expenses $509.5M
15%
Fundraising
Fundraising $4.5M · Total expenses $509.5M
1%
Cost to raise $1
Fundraising expense (2-yr avg) $4.4M · Solicited contributions (2-yr avg) $17.1M
$0.26 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $120.8M · Total revenue $572.9M
21%
Government reliance
Government grants $101.6M · Total revenue $572.9M
18%
Earned-income share
Program service revenue $415.2M · Total revenue $572.9M
72%
Investment reliance
Investment income $35.0M · Total revenue $572.9M
+6%
Program self-sufficiency
Program service revenue $415.2M · Total expenses $509.5M
81%
Growth & trend
Revenue growth (YoY)
This year $572.9M · Prior year $527.5M
+9%
Net-asset trend (YoY)
End of year $1.0B · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $572.9M · Expenses $509.5M
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5B
Net-asset ratio
Net assets $1.0B · Total assets $1.5B
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $332.3M · Other securities (Pt X, ln 12) $113.4M · Total assets (Pt X, ln 16) $1.5B
31%
People & payroll
Highest Reported Total Compensation
Individual Edison T Liu MD Until 1121 · Reported title PRESIDENT & CEO · Highest reported compensation $1.5M · Total expenses $509.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $266.6M · Total expenses $509.5M
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 15%
Fundraising cost ratio 4%
Revenue growth 9%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 5 funders$322K
See all 5 funders →
Grants paid · 43 grants · $13.5M · 2020–2024
Unitemized GrantFY2024$2,656,654
Town of Bar HarborFY2024$122,832
City of EllsworthFY2024$58,463
Friends of AcadiaME · FY2024$10,000
Unitemized GrantFY2023$2,606,711
Town of Bar HarborFY2023$119,254
City of EllsworthFY2023$56,275
Maine Discovery MuseumME · FY2023$6,500
Unitemized GrantFY2022$2,475,529
Town of Bar HarborFY2022$115,781
City of EllsworthFY2022$54,636
See all 43 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$652.5M revenue · ⤓ 990 PDF
FY2023$572.8M revenue · ⤓ 990 PDF
FY2022$553.5M revenue · ⤓ 990 PDF
FY2021$572.9M revenue · viewing · ⤓ 990 PDF
FY2020$527.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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