Ecdysis Foundation EIN 47-4936169 Form 990 (PDF) Claim this org

Ecdysis Foundation

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Developing non-chemical pest control for honey bees to benefit beekeepers. For fiscal year 2024 it reported $2.0M in revenue, $3.2M in expenses, and $1.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Medical Research
Location
Estelline, SD
Website
www.ecdysis.bio
Filings
5 on file (2020–2024)
Revenue
$2.0MFY2024
Expenses
$3.2M
Net assets
$1.0M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-4936169 Public charity (501(c)(3)) Estelline, SD
Form 990 (PDF)
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Figures match the IRS filing checked 9/11/26 · see original: IRS
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Size
$1–10M
What they do
Developing non-chemical pest control for honey bees to benefit beekeepers.
Leadership
Jonathan Lundgren · Executive Director · $119K
Money in and out
$2.0M revenue, $3.2M expenses
Bottom line
90% program efficiency
Where the money goes · FY2024
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.2M
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program efficiency
90%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
1.1mo
months of highly liquid reserves at operating expense rate▼ -74% vs prior filing year
Surplus margin
-64%
revenue over expenses, this year▼ -305% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.0M
FY2024▼ -60%
Expenses
$3.2M
FY2024▼ -5%
Total assets
$1.4M
FY2024▼ -44%
Total liabilities
$357K
FY2024▲ +65%
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.2M
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEcdysis Foundation
EINHdr · item D47-4936169
Principal addressHdr · item CEstelline, SD
WebsiteHdr · item Jwww.ecdysis.bio
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H99)
Ruling yearIRS BMFMar 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
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
Executive Director
$118,941Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A

Jonathan Lundgren’s $119K as Executive Director is at the 23rd 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jonathan Lundgren$118,941$88,846$98,239$84,431
Jonathan G Lundgren$84,431$78,077
Mike Bredeson$74,492
Mike Bredeson$74,492$70,399
Ryan Schmid$68,577

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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Mission & Programs · Part III

Where the work happens

1 program service account for $2.9M of program spending, described in the organization's own filed words · FY2024.
01

Regenerative Farms

Increased soil carbon and organic matterhad significantly enhanced soil healthpossessed soils that had increased ability to receive and hold waterincreased life (microbial, invertebrates, plants, birds) on their operationshad similar yieldsimproved the nutrient profiles of forage in rangelands and in crop yieldsproduced similar net…

$2.9Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.6M · 81%
Program service revenue$360K · 18%
Investment income$13K · 1%
Contributions & grants81%$1.6M
Program service revenue18%$360K
Investment income1%$13K
Other revenue$5K
Total revenueLn 12$2.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program services90%$2.9M
Management & general9%$278K
Fundraising1%$26K
Total functional expensesLn 25$3.2M

Balance Sheet

Part X · end of year
CashLn 1$299K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$357K
Total net assetsLn 32$1.0M
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $299K · Operating expenses/yr $3.2M
1.1 months
Where the money goes
Program services
Program services $2.9M · Total expenses $3.2M
90%
Management & General
Management & general $278K · Total expenses $3.2M
9%
Fundraising
Fundraising $26K · Total expenses $3.2M
0.8%
Cost to raise $1
Fundraising expense (3-yr avg) $27K · Solicited contributions (3-yr avg) $3.0M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.6M · Total revenue $2.0M
81%
Government reliance
Government grants — · Total revenue $2.0M
Earned-income share
Program service revenue $360K · Total revenue $2.0M
18%
Investment reliance
Investment income $13K · Total revenue $2.0M
+0.7%
Program self-sufficiency
Program service revenue $360K · Total expenses $3.2M
11%
Growth & trend
Revenue growth (YoY)
This year $2.0M · Prior year $4.9M
-60%
Revenue CAGR
FY2020 $1.1M · FY2024 $2.0M
+15%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.0M · Expenses $3.2M
-64%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.0M · Total assets $1.4M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Jonathan Lundgren · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $119K · Total expenses $3.2M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.9M · Total expenses $3.2M
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 9%
Fundraising cost ratio 2%
Revenue growth -60%
Accounting fee ratio 3%

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 · funders on record
Grants received · FY2024
See all 13 funders →

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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)$2.0M revenue · viewing · ⤓ 990 PDF
FY2023$4.9M revenue · ⤓ 990 PDF
FY2022$2.6M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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