Trudeau Institute INC FY2020 filing

Tax-deductible

Saranac Lake, NY501(c)(3)Since 1889Medical ResearchEIN 14-1401413Revenue $5.2M in FY2020

On file with the IRStrudeauinstitute.org154 Algonquin Ave, 12983-2100 · Saranac Lake, NYTax-exempt since Dec 1931Publicly supported charity — 170(b)(1)(A)(vi)

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Scientists at Trudeau Institute focus exclusively on an in-depth understanding of the roles of the immune system in health and disease to progress toward fighting diseases and finding cures. The conduct of experimental studies is crucial to understanding the body's immune system, leading to progress in strengthening our bodies' ability to fight life-threatening infections, inflammatory diseases, and cancer. Discoveries about the intricate workings of the immune system apply to a vast array of human afflictions, and the list of diseases critically involving the immune system is extensive: tuberculosis, influenza, covid-19, arthritis, asthma, sepsis, colitis, multiple sclerosis, cancer, zika, and malaria, among many others.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $3.3M a year · 47% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$365K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
Spent
$9.6M
To programs
83%
Net assets
$32.5M
By yearFY2020–FY2024
Revenue
$5.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$8.4M
FY2022$6.0M
FY2023$7.1M
FY2024$8.2M
Expenses
$9.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9.6M
FY2021$10.2M
FY2022$11.1M
FY2023$10.1M
FY2024$10.3M
Net assets
$32.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$32.5M
FY2021$32.5M
FY2022$24.3M
FY2023$20.8M
FY2024$18.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1931.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $8.0M Management & general 14% · $1.4M Fundraising 3% · $304K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President, Director, and Trustee
$422,000Pt VII · Sec A
Cao and Secretary Treasurer
$169,135Pt VII · Sec A
Principal Investigator
$158,361Pt VII · Sec A
Head of Development
$142,140Pt VII · Sec A
Principal Investigator
$120,492Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

William Reiley’s $208K as President and Director is at the 61st 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Atsuo Kuki PHD——$431,370$418,206$422,000
William Chapin—$246,313$193,601$170,717$169,135
William Reiley$207,645$199,099$189,599$162,622$158,361
Alex Maue$156,334$146,565$135,326——
Shelton Bradrick$148,454$121,071———
Tina Moody$144,972————
Perrin Babcock————$142,140
Felix Sheinerman—$124,129$121,953$116,321$120,492

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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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 15aYes

Programs and updates

Researching the immune system to fight infections, inflammatory diseases, and cancer.

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Provided by the organization

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1 program · $8.0M · in their own filed words · FY2020
01

The trudeau institute is a world-renowned leader in the effort to better understand the immune system for the purpose of preventing and treating human diseases. Our expertise and enthusiasm for modeling infection, immunity, vaccination, inflammation, and sepsis have led to many pioneering discoveries.

$8.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$2.9M
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$339K
Money outPt IX
$9.6M
Ln 25
Programscol B$8.0M
Managementcol C$1.4M
Fundraisingcol D$304K
Owns and owesPt X
$32.5M
net assets · Ln 32
Cash and savingsLn 1–2$900K
Total assetsLn 16$32.9M
LiabilitiesLn 26$365K
PeoplePt VI, VII
23
listed · VII A
PaidVII A5
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$1.0M
Noncash giftsLn 1g$15K
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$339K
Other incomeLn 4–11$89K
Gains on assetsLn 7−$89K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$899K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$900K
InvestmentsLn 11–13$16.2M
Land, buildings, equipmentLn 10c$14.1M
Total assetsLn 16$32.9M
LiabilitiesLn 26$365K
Net assetsLn 32$32.5M
OperationsPt I, VI
EmployeesI 587
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$550K$900K
InvestmentsLn 11–13$14.4M$16.2M
Land, buildings, equipmentLn 10c$15.2M$14.1M
Total assetsLn 16$36.6M$32.9M
LiabilitiesLn 26$556K$365K
Net assetsLn 32$36.0M$32.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$650K$650K
Other salaries and wagesLn 7$3.6M$3.0M$345K$220K
Pension plan contributionsLn 8$187K$163K$12K$13K
Other employee benefitsLn 9$501K$403K$66K$31K
Payroll taxesLn 10$309K$238K$54K$17K
Legal feesLn 11b$45K$45K
Accounting feesLn 11c$54K$54K
Investment management feesLn 11f$25K$25K
Other fees for servicesLn 11g$670K$623K$35K$11K
Office expensesLn 13$1.4M$1.3M$17K$3K
OccupancyLn 16$683K$661K$20K$3K
TravelLn 17$15K$9K$5K
InterestLn 20$13K$12K$367$55
Depreciation, depletion and amortizationLn 22$1.3M$1.3M$38K$6K
InsuranceLn 23$127K$123K$4K$546
Other expenses (24a–d)Ln 24$106K$106K
Total functional expensesLn 25$9.6M$8.0M$1.4M$304K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.2M$10.3M−$2.1M$18.8M 990 PDF
FY2023 $7.1M$10.1M−$3.0M$20.8M 990 PDF
FY2022 $6.0M$11.1M−$5.0M$24.3M 990 PDF
FY2021 $8.4M$10.2M−$1.8M$32.5M 990 PDF
FY2020 Viewing $5.2M$9.6M−$4.4M$32.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $5,231,069 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,148,646$2,920,150
I-9 Program service revenuePrior year $915,966$1,882,796
I-10 Investment incomePrior year $928,154$338,911
I-11 Other revenuePrior year $70,951$89,212
I-12 Total revenuePrior year $8,063,717$5,231,069
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,786,258$5,213,616
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,981,653$4,415,795
I-18 Total expensesPrior year $8,767,911$9,629,411
I-19 Revenue less expensesPrior year −$704,194−$4,398,342
Part VI · Governance 18 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,231,069 across 12 lines filed
VIII-1a Federated campaigns$1,704
VIII-1e Government grants$1,000,445
VIII-1f All other contributions, gifts and grants$1,918,001
VIII-1g Noncash contributions (included above)$15,197
VIII-1h Total contributions, gifts and grants$2,920,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,882,796$1,882,796
VIII-3 Investment incomeExcluded from tax $428,270$428,270
VIII-5 RoyaltiesExcluded from tax $35,118$35,118
VIII-6 Net rental income or lossExcluded from tax $44,854$44,854
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$89,359−$89,359
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,240$9,240
VIII-12 Total revenueRelated to mission $1,892,036 · Unrelated business $0 · Excluded from tax $418,883$5,231,069
Part IX · Statement of functional expenses $9,629,411 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $649,764$649,764
IX-7 Other salaries and wagesPrograms $3,001,557 · Management $345,249 · Fundraising $220,368$3,567,174
IX-8 Pension plan contributionsPrograms $162,524 · Management $12,199 · Fundraising $12,564$187,287
IX-9 Other employee benefitsPrograms $402,964 · Management $66,425 · Fundraising $31,151$500,540
IX-10 Payroll taxesPrograms $237,562 · Management $54,312 · Fundraising $16,977$308,851
IX-11b Legal feesManagement $44,795$44,795
IX-11c Accounting feesManagement $53,800$53,800
IX-11f Investment management feesManagement $25,000$25,000
IX-11g Other fees for servicesPrograms $623,460 · Management $34,581 · Fundraising $11,481$669,522
IX-13 Office expensesPrograms $1,343,744 · Management $17,047 · Fundraising $2,571$1,363,362
IX-16 OccupancyPrograms $660,898 · Management $19,500 · Fundraising $2,936$683,334
IX-17 TravelPrograms $9,274 · Management $5,303$14,577
IX-20 InterestPrograms $12,424 · Management $367 · Fundraising $55$12,846
IX-22 Depreciation, depletion and amortizationPrograms $1,272,496 · Management $37,545 · Fundraising $5,653$1,315,694
IX-23 InsurancePrograms $122,842 · Management $3,624 · Fundraising $546$127,012
IX-24 Other expenses (24a–d)Programs $105,853$105,853
IX-25 Total functional expensesPrograms $7,955,598 · Management $1,369,511 · Fundraising $304,302$9,629,411
Part X · Balance sheet $32,892,580 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $532,205$898,706
X-2 Savings and temporary cash investmentsStart of year $18,194$1,298
X-3 Pledges and grants receivableStart of year $6,233,829$1,514,691
X-4 Accounts receivableStart of year $1,377$0
X-8 Inventories for sale or useStart of year $89,352$87,902
X-9 Prepaid expenses and deferred chargesStart of year $203,253$158,742
X-10c Land, buildings and equipment, netStart of year $15,176,287$14,050,607
X-11 Publicly traded securitiesStart of year $13,421,663$15,536,405
X-12 Other securitiesStart of year $929,752$644,229
X-16 Total assetsStart of year $36,605,912$32,892,580
X-17 Accounts payable and accrued expensesStart of year $275,945$343,223
X-19 Deferred revenue$22,156
X-26 Total liabilitiesStart of year $555,945$365,379
X-27 Net assets without donor restrictionsStart of year $28,782,161$25,584,832
X-28 Net assets with donor restrictionsStart of year $7,267,806$6,942,369
X-32 Total net assets or fund balancesStart of year $36,049,967$32,527,201
X-33 Total liabilities and net assetsStart of year $36,605,912$32,892,580
Part XI · Reconciliation of net assets $32,527,201 net assets at year end
XI-1 Total revenue$5,231,069
XI-2 Total expenses$9,629,411
XI-3 Revenue less expenses−$4,398,342
XI-4 Net assets at start of year$36,049,967
XI-5 Net unrealized gains (losses) on investments$875,576
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$32,527,201

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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