The J David Gladstone Institutes

Tax-deductible

San Francisco, CA501(c)(3)Since 1972Medical ResearchEIN 23-7203666Revenue $119.2M in FY2024

On file with the IRSgladstoneinstitutes.org1650 Owens St, 94158-2261 · San Francisco, CATax-exempt since Jun 1973Publicly supported charity — 170(b)(1)(A)(vi)

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To drive a new era of discovery in disease oriented science and to mentor tomorrow's leaders in an inspiring and diverse environment.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 85 volunteers and 530 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $4.5M a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8.7M
to officers and key staff · 6% of spending
Top officer’s pay lower than 54% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $1.7M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$204.4M
55% of total assets
Fine: liabilities are 55% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$119.2M
-0.04% vs prior year
Spent
$144.8M
To programs
85%
Net assets
$167.6M
By yearFY2020–FY2024
Revenue
$119.2M
FY2024-0.04%
Tap a bar for its year
Revenue by fiscal year
FY2020$84.3M
FY2021$143.0M
FY2022$144.8M
FY2023$119.2M
FY2024$119.2M
Expenses
$144.8M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$93.5M
FY2021$103.0M
FY2022$119.0M
FY2023$127.7M
FY2024$144.8M
Net assets
$167.6M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$120.8M
FY2021$176.1M
FY2022$167.6M
FY2023$172.4M
FY2024$167.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1973.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $123.7M Management & general 13% · $18.8M Fundraising 2% · $2.4M

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

16 people listed on the 990; $8.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
$1,088,619Pt VII · Sec A
Director
$669,747Pt VII · Sec A
$631,301Pt VII · Sec A
$621,959Pt VII · Sec A
$565,340Pt VII · Sec A
Director
$550,286Pt VII · Sec A
$529,666Pt VII · Sec A
$525,543Pt VII · Sec A

Deepak Srivastava’s $1.1M as President is at the 46th 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
Deepak Srivastava$1,088,619$1,209,292$1,027,331$1,005,808$975,518
Alex Marson$669,747$530,966$522,391$510,740$323,852
Robert Obana$631,301$613,776$597,259$538,250$496,259
Lennart Mucke$621,959$600,802$576,250$559,420$544,659
Steven M Finkbeiner$565,340$544,316$526,485$512,829$496,678
Melanie Ott$550,286$534,623$518,779$480,052$412,117
Katherine Pollard$529,666$489,200$471,857$458,517$444,539
Benoit Bruneau$525,543$506,804$510,630$496,795$461,824

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 The J David Gladstone Institutes executive salaries →

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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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Conducts biomedical research on cardiovascular disease and stem cell biology while mentoring future scientific leaders in an inspiring, diverse environment.

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Provided by the organization

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3 programs · $94.3M · in their own filed words · FY2024
01

The institute of neurological disease maintains a strong focus on neurodegenerative and neuroinflammatory diseases, including alzheimer's disease and other dementias, parkinson's disease, amyotrophic lateral sclerosis (als), and multiple sclerosis.

$44.0Mprogram expense
02

The institute of virology has made significant contributions to fight HIV/AIDS, SARS-COV-2, hepatitis c, zika, and cytomegalovirus infections leading to global and groundbreaking efforts in hiv prevention and cure.

$26.7Mprogram expense
03

The institute of cardiovascular disease leverages important genetic, developmental, chemical, biological systems, computational, and engineering approaches to study heart disease and stem cell biology.

$23.6Mprogram 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
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$119.2M
Ln 12
Fees for servicesLn 2g$94.1M
Gifts and grantsLn 1h$16.1M
Investment incomeLn 3$8.3M
Money outPt IX
$144.8M
Ln 25
Programscol B$123.7M
Managementcol C$18.8M
Fundraisingcol D$2.4M
Owns and owesPt X
$167.6M
net assets · Ln 32
Cash and savingsLn 1–2$5.5M
Total assetsLn 16$372.0M
LiabilitiesLn 26$204.4M
PeoplePt VI, VII
16
listed · VII A
PaidVII A16
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.1M
Noncash giftsLn 1g$2.9M
Fees for servicesLn 2g$94.1M
Investment incomeLn 3$8.3M
Other incomeLn 4–11$649K
Gains on assetsLn 7$4.2M
Total revenueLn 12$119.2M
Assets in detailPt X, end of year
CashLn 1$965K
SavingsLn 2$4.5M
Cash and savings togetherLn 1–2$5.5M
InvestmentsLn 11–13$208.1M
Land, buildings, equipmentLn 10c$78.4M
Other assetsLn 15$38.0M
Total assetsLn 16$372.0M
LiabilitiesLn 26$204.4M
Net assetsLn 32$167.6M
OperationsPt I, VI
EmployeesI 5530
VolunteersI 685
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 FY24End FY24
Cash and savingsLn 1–2$23.9M$5.5M
InvestmentsLn 11–13$187.8M$208.1M
Land, buildings, equipmentLn 10c$78.6M$78.4M
Total assetsLn 16$365.3M$372.0M
LiabilitiesLn 26$192.9M$204.4M
Net assetsLn 32$172.4M$167.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$7.1M$5.6M$1.4M$171K
Other salaries and wagesLn 7$49.0M$38.4M$9.5M$1.2M
Pension plan contributionsLn 8$4.5M$3.6M$849K
Other employee benefitsLn 9$11.2M$8.6M$2.1M$470K
Payroll taxesLn 10$3.6M$2.9M$677K
Legal feesLn 11b$995K$636K$360K
Accounting feesLn 11c$256K$256K
Investment management feesLn 11f$476K$476K
Other fees for servicesLn 11g$22.1M$21.1M$566K$414K
Advertising and promotionLn 12$268K$253K$626$14K
Office expensesLn 13$14.5M$14.5M$42K
Information technologyLn 14$2.1M$2.1M$5K
RoyaltiesLn 15$198K$198K
OccupancyLn 16$7.6M$6.9M$680K$725
TravelLn 17$1.3M$1.3M$6K$13K
InterestLn 20$7.0M$6.0M$960K
Depreciation, depletion and amortizationLn 22$7.5M$6.8M$769K
InsuranceLn 23$1.1M$864K$271K
Other expenses (24a–d)Ln 24$3.8M$3.8M
All other expensesLn 24e$320K$305K$37$15K
Total functional expensesLn 25$144.8M$123.7M$18.8M$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $119.2M$144.8M−$25.7M$167.6M 990 PDF
FY2023 $119.2M$127.7M−$8.5M$172.4M 990 PDF
FY2022 $144.8M$119.0M$25.8M$167.6M 990 PDF
FY2021 $143.0M$103.0M$40.0M$176.1M 990 PDF
FY2020 $84.3M$93.5M−$9.2M$120.8M 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 FY2024 990 (6 parts)
Part I · Summary $119,155,911 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,222,638$16,072,228
I-9 Program service revenuePrior year $85,513,618$94,130,588
I-10 Investment incomePrior year $12,949,622$8,303,840
I-11 Other revenuePrior year $522,648$649,255
I-12 Total revenuePrior year $119,208,526$119,155,911
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 $65,914,250$75,367,376
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $61,754,782$69,441,445
I-18 Total expensesPrior year $127,669,032$144,808,821
I-19 Revenue less expensesPrior year −$8,460,506−$25,652,910
Part VI · Governance 0 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $119,155,911 across 9 lines filed
Lines not itemized here account for $345,484 of total revenue; see the IRS return.
VIII-1d Related organizations$7,214,906
VIII-1f All other contributions, gifts and grants$8,857,322
VIII-1g Noncash contributions (included above)$2,891,813
VIII-1h Total contributions, gifts and grants$16,072,228
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $94,130,588$94,130,588
VIII-3 Investment incomeUnrelated business $135 · Excluded from tax $4,095,089$4,095,224
VIII-6 Net rental income or lossExcluded from tax $303,771$303,771
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,208,616$4,208,616
VIII-12 Total revenueRelated to mission $94,179,588 · Unrelated business $135 · Excluded from tax $8,903,960$119,155,911
Part IX · Statement of functional expenses $144,808,821 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $5,598,983 · Management $1,375,348 · Fundraising $171,343$7,145,674
IX-7 Other salaries and wagesPrograms $38,371,002 · Management $9,456,414 · Fundraising $1,207,785$49,035,201
IX-8 Pension plan contributionsPrograms $3,621,906 · Management $849,374$4,471,280
IX-9 Other employee benefitsPrograms $8,589,033 · Management $2,091,215 · Fundraising $470,135$11,150,383
IX-10 Payroll taxesPrograms $2,887,657 · Management $677,181$3,564,838
IX-11b Legal feesPrograms $635,658 · Management $359,668$995,326
IX-11c Accounting feesManagement $256,249$256,249
IX-11f Investment management feesManagement $476,219$476,219
IX-11g Other fees for servicesPrograms $21,082,185 · Management $565,697 · Fundraising $414,419$22,062,301
IX-12 Advertising and promotionPrograms $253,280 · Management $626 · Fundraising $14,022$267,928
IX-13 Office expensesPrograms $14,490,600 · Fundraising $41,580$14,532,180
IX-14 Information technologyPrograms $2,051,861 · Fundraising $5,027$2,056,888
IX-15 RoyaltiesPrograms $197,999$197,999
IX-16 OccupancyPrograms $6,885,246 · Management $679,840 · Fundraising $725$7,565,811
IX-17 TravelPrograms $1,285,457 · Management $6,314 · Fundraising $12,627$1,304,398
IX-20 InterestPrograms $6,023,788 · Management $959,632$6,983,420
IX-22 Depreciation, depletion and amortizationPrograms $6,758,348 · Management $768,835$7,527,183
IX-23 InsurancePrograms $863,641 · Management $271,301$1,134,942
IX-24 Other expenses (24a–d)Programs $3,760,378$3,760,378
IX-24e All other expensesPrograms $305,174 · Management $37 · Fundraising $15,012$320,223
IX-25 Total functional expensesPrograms $123,662,196 · Management $18,793,950 · Fundraising $2,352,675$144,808,821
Part X · Balance sheet $371,967,489 assets, 18 lines filed
Asset lines not itemized here account for $7,230,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,781,894$965,066
X-2 Savings and temporary cash investmentsStart of year $22,114,700$4,498,752
X-3 Pledges and grants receivableStart of year $30,417,647$24,144,952
X-4 Accounts receivableStart of year $6,637,689$8,268,049
X-9 Prepaid expenses and deferred chargesStart of year $2,516,414$2,300,008
X-10c Land, buildings and equipment, netStart of year $78,563,497$78,446,018
X-11 Publicly traded securitiesStart of year $97,523,142$109,430,919
X-12 Other securitiesStart of year $90,268,077$98,711,481
X-15 Other assetsStart of year $28,066,187$37,972,244
X-16 Total assetsStart of year $365,291,245$371,967,489
X-17 Accounts payable and accrued expensesStart of year $7,300,528$6,344,947
X-19 Deferred revenueStart of year $17,176,342$13,971,611
X-25 Other liabilitiesStart of year $13,328,541$19,200,017
X-26 Total liabilitiesStart of year $192,865,411$204,371,515
X-27 Net assets without donor restrictionsStart of year $93,955,280$103,924,580
X-28 Net assets with donor restrictionsStart of year $78,470,554$63,671,394
X-32 Total net assets or fund balancesStart of year $172,425,834$167,595,974
X-33 Total liabilities and net assetsStart of year $365,291,245$371,967,489
Part XI · Reconciliation of net assets $167,595,974 net assets at year end
XI-1 Total revenue$119,155,911
XI-2 Total expenses$144,808,821
XI-3 Revenue less expenses−$25,652,910
XI-4 Net assets at start of year$172,425,834
XI-5 Net unrealized gains (losses) on investments$20,823,185
XI-9 Other changes in net assets−$135
XI-10 Net assets at end of year$167,595,974

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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