Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1982.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
67 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
12 people listed on the 990; $160K paid to officers and key staff.
Matthew Bailey’s $199K as President is at the 57th percentile of top reported officer pay among 360 $1–10M 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 · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Matthew Bailey | $199,375 | $199,375 | $159,500 | $139,500 | $130,000 | $125,000 |
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.
See Foundation for Biomedical Research executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Educates the public and researchers about animal research's vital role in medical progress.
Questions for Foundation for Biomedical Research
Your first name shows with your question. Foundation for Biomedical Research answers here, for everyone.
Media and Public Relations
The foundation serves as a spokesperson for the community on animal research by promoting a public understanding through various media outlets.
Travel & meetings-the foundation promotes the importance of biomedical research by attending meetings & conventions where they speak about issues related to such research.
Journals and pamphlets-the foundation publishes various journals and pamphlets designed to educate people as to the benefits provided by biomedical research. Prepares materials to disseminate information regarding role of biomedical research to the scientific community.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | FY23 | FY22 | FY21 | FY19 |
|---|---|---|---|---|
| End of yearLn 1g | $115K | $14K | $50K | $82K |
| Given inLn 1b | $101K | $50K | $66K | |
| SpentLn 1d–1f | $36K |
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $915K | $1.6M |
| InvestmentsLn 11–13 | $15.9M | $17.1M |
| Land, buildings, equipmentLn 10c | $10K | $9K |
| Total assetsLn 16 | $17.1M | $19.6M |
| LiabilitiesLn 26 | $289K | $1.2M |
| Net assetsLn 32 | $16.8M | $18.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of disqualified personsLn 6 | $435K | $302K | $64K | $69K |
| Other employee benefitsLn 9 | $33K | $21K | $6K | $6K |
| Payroll taxesLn 10 | $37K | $27K | $4K | $5K |
| Accounting feesLn 11c | $58K | $58K | ||
| Advertising and promotionLn 12 | $152K | $116K | $6K | $30K |
| Office expensesLn 13 | $4K | $3K | $636 | $679 |
| Information technologyLn 14 | $12K | $8K | $2K | $2K |
| OccupancyLn 16 | $201K | $140K | $30K | $32K |
| Conferences, conventions and meetingsLn 19 | $22K | $15K | $3K | $3K |
| Depreciation, depletion and amortizationLn 22 | $1K | $755 | $160 | $171 |
| InsuranceLn 23 | $31K | $22K | $5K | $5K |
| Other expenses (24a–d)Ln 24 | $137K | $95K | $20K | $22K |
| All other expensesLn 24e | $7K | $5K | $1K | $1K |
| Total functional expensesLn 25 | $1.1M | $755K | $200K | $175K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jun 12, 2026 | $1.9M | $1.2M | $726K | $21.9M | 990 PDF |
| FY2024Filed with the IRS May 13, 2025 | $1.6M | $1.2M | $451K | $19.8M | 990 PDF |
| FY2023 ViewingFiled with the IRS Nov 15, 2024 | $1.1M | $1.1M | −$10K | $18.5M | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $3.4M | $896K | $2.5M | $16.8M | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $1.9M | $1.1M | $791K | $19.8M | 990 PDF |
| FY2020Filed with the IRS Nov 12, 2021 | $1.2M | $1.1M | $25K | $17.6M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,120,386 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $1,120,386 across 6 lines filed
Part IX · Statement of functional expenses $1,130,086 across 13 lines filed
Part X · Balance sheet $19,618,159 assets, 13 lines filed
Part XI · Reconciliation of net assets $18,456,769 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.