The J David Gladstone Institutes FY2020 filing

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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.
84¢ of each $1 spent went to programs.
$7.5M 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
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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7.5M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $186.9M in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $186.9M in investments.
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
$197.6M
62% of total assets
Fine: liabilities are 62% 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
$84.3M
Spent
$93.5M
To programs
84%
Net assets
$120.8M
By yearFY2020–FY2024
Revenue
$84.3M
FY2020
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
$93.5M
FY2020
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
$120.8M
FY2020
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 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 Jun 1973.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $78.9M Management & general 14% · $13.4M Fundraising 1% · $1.3M

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

18 people listed on the 990; $7.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
$975,518Pt VII · Sec A
$544,659Pt VII · Sec A
$496,678Pt VII · Sec A
$496,259Pt VII · Sec A
$461,824Pt VII · Sec A
$444,539Pt VII · Sec A
$438,619Pt VII · Sec A
VP for Corp Liaison & Ventures
$429,571Pt 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 →

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 II2 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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3 programs · $64.6M · in their own filed words · FY2020
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.

$34.6Mprogram expense
02

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

$15.5Mprogram expense
03

The institute of virology has made significant contributions to fighting HIV/AIDS, paving the way for many medications currently in use and leading to a global and groundbreaking effort in hiv prevention. Researchers continue to explore the biological basis for hiv latency, which represents the greatest barrier to a cure.

$14.5Mprogram 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 →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $56.2M federal money spent
Aging ResearchDepartment of Health and Human Services · ALN 93.866 · Direct and through Duke University and 7 more$16.5M
Allergy and Infectious Diseases ResearchDepartment of Health and Human Services · ALN 93.855 · Direct and through Columbia University and 6 more$13.7M
Extramural Research Programs in the Neurosciences and Neurological DisordersDepartment of Health and Human Services · ALN 93.853 · Direct and through University of California San Francisco (ucsf)$5.9M
Cardiovascular Disease ResearchDepartment of Health and Human Services · ALN 93.837 · Direct and through University of California San Francisco (ucsf)$4.8M
Trans-Nih Research SupportDepartment of Health and Human Services · ALN 93.310 · Direct and through University of California San Francisco (ucsf)$3.5M

Plus 16 smaller programs.

The auditor reported no findings.

Year ending Dec 2024 · $65.1M federal money spent
Aging ResearchDepartment of Health and Human Services · ALN 93.866 · Direct and through Cure Network Dolby Acceleration Partners, LLC (cndap) and 8 more$21.6M
Allergy and Infectious Diseases ResearchDepartment of Health and Human Services · ALN 93.855 · Direct and through Columbia University and 7 more$15.8M
Cardiovascular Diseases ResearchDepartment of Health and Human Services · ALN 93.837 · Direct and through University of California San Diego (ucsd)$6.1M
Extramural Research Programs in the Neurosciences and Neurological DisordersDepartment of Health and Human Services · ALN 93.853 · Direct and through University of California San Diego (ucsd) and 1 more$5.0M
Drug Use and Addiction Research ProgramsDepartment of Health and Human Services · ALN 93.279 · Direct$3.6M

Plus 16 smaller programs.

The auditor reported no findings.

Year ending Dec 2023 · $63.3M federal money spent
Aging ResearchDepartment of Health and Human Services · ALN 93.866 · Direct and through Cure Network Dolby Acceleration Partners, LLC (cndap) and 9 more$22.2M
Allergy, Immunology and Transplantation ResearchDepartment of Health and Human Services · ALN 93.855 · Direct and through Columbia University and 8 more$15.9M
Cardiovascular Diseases ResearchDepartment of Health and Human Services · ALN 93.837 · Direct and through University of California San Francisco (ucsf) and 1 more$5.7M
Extramural Research Programs in the Neurosciences and Neurological DisordersDepartment of Health and Human Services · ALN 93.853 · Direct and through University of California San Francisco (ucsf) and 2 more$3.8M
Drug Abuse and Addiction Research ProgramsDepartment of Health and Human Services · ALN 93.279 · Direct$3.0M

Plus 18 smaller programs.

The auditor reported no findings.

Year ending Dec 2022 · $58.3M federal money spent
Aging ResearchDepartment of Health and Human Services · ALN 93.866 · Direct and through Stanford University and 9 more$19.8M
Allergy, Immunology and Transplantation ResearchDepartment of Health and Human Services · ALN 93.855 · Direct and through University of California, San Francisco and 7 more$14.1M
Cardiovascular Diseases ResearchDepartment of Health and Human Services · ALN 93.837 · Direct$5.4M
Extramural Research Programs in the Neurosciences and Neurological DisordersDepartment of Health and Human Services · ALN 93.853 · Direct and through University of California, San Francisco and 2 more$3.8M
Trans-Nih Research SupportDepartment of Health and Human Services · ALN 93.310 · Direct and through University of California, San Francisco and 2 more$3.4M

Plus 18 smaller programs.

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$84.3M
Ln 12
Fees for servicesLn 2g$58.3M
Investment incomeLn 3$16.3M
Gifts and grantsLn 1h$8.9M
Money outPt IX
$93.5M
Ln 25
Programscol B$78.9M
Managementcol C$13.4M
Fundraisingcol D$1.3M
Owns and owesPt X
$120.8M
net assets · Ln 32
Cash and savingsLn 1–2$5.3M
Total assetsLn 16$318.4M
LiabilitiesLn 26$197.6M
PeoplePt VI, VII
18
listed · VII A
PaidVII A18
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.9M
Noncash giftsLn 1g$1.6M
Fees for servicesLn 2g$58.3M
Investment incomeLn 3$16.3M
Other incomeLn 4–11$766K
Gains on assetsLn 7$13.6M
Total revenueLn 12$84.3M
Assets in detailPt X, end of year
CashLn 1$882K
SavingsLn 2$4.5M
Cash and savings togetherLn 1–2$5.3M
Pledges and grants receivableLn 3$20.6M
Accounts receivableLn 4$3.3M
Loans to officers and key peopleLn 5$1.1M
Notes and loans receivableLn 7$1.5M
Prepaid expenses and deferred chargesLn 9$2.1M
Land, buildings, equipmentLn 10c$90.2M
InvestmentsLn 11–13$186.9M
Intangible assetsLn 14$770K
Other assetsLn 15$6.4M
Total assetsLn 16$318.4M
LiabilitiesLn 26$197.6M
Net assetsLn 32$120.8M
OperationsPt I, VI
EmployeesI 5530
VolunteersI 685
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$1.6M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$408K
Share of the $25.9M endowmentSch D 1g1.6%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$25.9M$28.8M$28.4M$27.2M$14.1M
Given inLn 1b$4.2M$7.0M$6.5M$18.6M$432K
SpentLn 1d–1f$7.1M$6.6M$5.4M$5.4M$5.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$16.1M$5.3M
InvestmentsLn 11–13$173.3M$186.9M
Land, buildings, equipmentLn 10c$91.7M$90.2M
Total assetsLn 16$314.2M$318.4M
LiabilitiesLn 26$189.3M$197.6M
Net assetsLn 32$124.8M$120.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$6.1M$4.7M$1.2M$141K
Other salaries and wagesLn 7$32.2M$25.1M$6.3M$788K
Pension plan contributionsLn 8$2.8M$2.2M$641K
Other employee benefitsLn 9$5.7M$4.1M$1.3M$306K
Payroll taxesLn 10$2.4M$1.9M$552K
Legal feesLn 11b$539K$458K$78K$3K
Accounting feesLn 11c$207K$207K
Investment management feesLn 11f$408K$408K
Other fees for servicesLn 11g$11.0M$10.3M$668K$29K
Office expensesLn 13$8.5M$8.5M$240$2K
Information technologyLn 14$670K$665K$5K
RoyaltiesLn 15$136K$136K
OccupancyLn 16$4.8M$4.3M$427K
TravelLn 17$338K$332K$5K$1K
InterestLn 20$6.9M$6.2M$710K
Depreciation, depletion and amortizationLn 22$6.3M$5.7M$666K
InsuranceLn 23$1.2M$995K$209K
Other expenses (24a–d)Ln 24$3.3M$3.3M$3K$2K
All other expensesLn 24e$2K$2K$172
Total functional expensesLn 25$93.5M$78.9M$13.4M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $119.2M$144.8M−$25.7M$167.6M 990 PDF
FY2023Filed with the IRS Nov 13, 2024 $119.2M$127.7M−$8.5M$172.4M 990 PDF
FY2022 $144.8M$119.0M$25.8M$167.6M 990 PDF
FY2021Filed with the IRS Nov 4, 2022 $143.0M$103.0M$40.0M$176.1M 990 PDF
FY2020 ViewingFiled with the IRS Nov 5, 2021 $84.3M$93.5M−$9.2M$120.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $84,274,665 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,763,261$8,871,876
I-9 Program service revenuePrior year $52,102,454$58,349,338
I-10 Investment incomePrior year −$3,110,896$16,287,063
I-11 Other revenuePrior year $1,076,531$766,388
I-12 Total revenuePrior year $62,831,350$84,274,665
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 $45,793,947$49,154,685
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,475,297$44,358,074
I-18 Total expensesPrior year $82,269,244$93,512,759
I-19 Revenue less expensesPrior year −$19,437,894−$9,238,094
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 $84,274,665 across 10 lines filed
Lines not itemized here account for $373,279 of total revenue; see the IRS return.
VIII-1d Related organizations$4,500,000
VIII-1f All other contributions, gifts and grants$4,371,876
VIII-1g Noncash contributions (included above)$1,604,625
VIII-1h Total contributions, gifts and grants$8,871,876
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $58,349,338$58,349,338
VIII-3 Investment incomeExcluded from tax $2,682,176$2,682,176
VIII-6 Net rental income or lossExcluded from tax $440,195$440,195
VIII-7 Net gain or loss on sales of assetsExcluded from tax $13,604,887$13,604,887
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$47,086−$47,086
VIII-12 Total revenueRelated to mission $58,349,338 · Unrelated business −$47,086 · Excluded from tax $17,100,537$84,274,665
Part IX · Statement of functional expenses $93,512,759 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $4,734,828 · Management $1,205,133 · Fundraising $140,833$6,080,794
IX-7 Other salaries and wagesPrograms $25,063,958 · Management $6,321,089 · Fundraising $787,580$32,172,627
IX-8 Pension plan contributionsPrograms $2,168,730 · Management $641,415$2,810,145
IX-9 Other employee benefitsPrograms $4,084,049 · Management $1,281,166 · Fundraising $305,660$5,670,875
IX-10 Payroll taxesPrograms $1,867,824 · Management $552,420$2,420,244
IX-11b Legal feesPrograms $457,802 · Management $78,030 · Fundraising $3,444$539,276
IX-11c Accounting feesManagement $206,512$206,512
IX-11f Investment management feesManagement $408,243$408,243
IX-11g Other fees for servicesPrograms $10,324,690 · Management $668,397 · Fundraising $28,834$11,021,921
IX-13 Office expensesPrograms $8,456,945 · Management $240 · Fundraising $1,772$8,458,957
IX-14 Information technologyPrograms $664,684 · Fundraising $5,405$670,089
IX-15 RoyaltiesPrograms $136,196$136,196
IX-16 OccupancyPrograms $4,337,188 · Management $427,162$4,764,350
IX-17 TravelPrograms $332,030 · Management $4,696 · Fundraising $1,332$338,058
IX-20 InterestPrograms $6,230,781 · Management $710,497$6,941,278
IX-22 Depreciation, depletion and amortizationPrograms $5,681,248 · Management $665,948$6,347,196
IX-23 InsurancePrograms $995,371 · Management $209,268$1,204,639
IX-24 Other expenses (24a–d)Programs $3,315,059 · Management $2,534 · Fundraising $1,852$3,319,445
IX-24e All other expensesManagement $1,742 · Fundraising $172$1,914
IX-25 Total functional expensesPrograms $78,851,383 · Management $13,384,492 · Fundraising $1,276,884$93,512,759
Part X · Balance sheet $318,407,379 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $4,285,401$881,693
X-2 Savings and temporary cash investmentsStart of year $11,768,465$4,458,950
X-3 Pledges and grants receivableStart of year $21,526,782$20,606,291
X-4 Accounts receivableStart of year $1,001,330$3,338,450
X-5 Loans to officers and key peopleStart of year $755,000$1,150,000
X-7 Notes and loans receivableStart of year $1,432,998$1,544,448
X-9 Prepaid expenses and deferred chargesStart of year $2,007,088$2,149,757
X-10c Land, buildings and equipment, netStart of year $91,723,731$90,232,212
X-11 Publicly traded securitiesStart of year $87,398,932$93,834,795
X-12 Other securitiesStart of year $85,888,853$93,018,638
X-14 Intangible assetsStart of year $1,741,619$770,491
X-15 Other assetsStart of year $4,642,155$6,421,654
X-16 Total assetsStart of year $314,172,354$318,407,379
X-17 Accounts payable and accrued expensesStart of year $8,258,199$7,790,891
X-19 Deferred revenueStart of year $9,087,298$10,628,662
X-23 Secured mortgages and notes payableStart of year $164,230,000$160,925,000
X-24 Unsecured notes and loans payableStart of year $0$7,165,529
X-25 Other liabilitiesStart of year $7,756,032$11,065,037
X-26 Total liabilitiesStart of year $189,331,529$197,575,119
X-27 Net assets without donor restrictionsStart of year $96,038,408$94,969,738
X-28 Net assets with donor restrictionsStart of year $28,802,417$25,862,522
X-32 Total net assets or fund balancesStart of year $124,840,825$120,832,260
X-33 Total liabilities and net assetsStart of year $314,172,354$318,407,379
Part XI · Reconciliation of net assets $120,832,260 net assets at year end
XI-1 Total revenue$84,274,665
XI-2 Total expenses$93,512,759
XI-3 Revenue less expenses−$9,238,094
XI-4 Net assets at start of year$124,840,825
XI-5 Net unrealized gains (losses) on investments$5,182,443
XI-9 Other changes in net assets$47,086
XI-10 Net assets at end of year$120,832,260

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

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