Van Andel Research Institute: Nonprofit Profile, Financials & Form 990 (EIN 52-2000823)

Revenue by fiscal year
FY2020	$88.9M
FY2021	$94.8M
FY2022	$143.8M
FY2023	$340.0M
FY2024	$112.7M

Expenses by fiscal year
FY2020	$94.4M
FY2021	$98.4M
FY2022	$113.7M
FY2023	$112.0M
FY2024	$118.9M

Net assets by fiscal year
FY2020	−$163.9M
FY2021	−$143.5M
FY2022	−$44.5M
FY2023	$180.4M
FY2024	$174.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1997.

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

Where the money goes

65 cents of each dollar spent went to programs.

65%

33%

Program services 65% · $77.7M Management & general 33% · $39.2M Fundraising 2% · $2.0M

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; $7.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Kathy Vogelsang

Chief Investment Officer

$1,125,167Pt VII · Sec A

Dr Peter Jones

Chief Scientific Officer & Res. Dir.

$953,170Pt VII · Sec A

Ted Heilman

Assoc Direct-Sr. Portfolio Mgr.

$782,302Pt VII · Sec A

David Van Andel

Chairman / CEO

$691,507Pt VII · Sec A

Dr Jana Hall

Chief Operat. Officer (end 4/1/2024)

$635,819Pt VII · Sec A

Austin Way

Senior Portfolio Manager

$530,219Pt VII · Sec A

Thomas Curran JR

General Counsel

$517,831Pt VII · Sec A

Dr Peter Laird

Distinguished Investigator

$513,955Pt VII · Sec A

Kathy Vogelsang’s $1.1M as Chief Investment Officer is at the 54th 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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Kathy Vogelsang	$1,125,167	$1,100,527	$777,007	$917,544	$742,294
Dr Peter Jones	$953,170	$909,200	$742,491	$837,546	$752,533
Ted Heilman	$782,302	$707,489	$458,222	$511,979	$418,301
David Van Andel	$691,507	$621,229	$460,906	$433,141	$520,256
Dr Jana Hall	$635,819	$570,615	$471,244	$530,961	$463,709
Dr Patrik Brundin	—	—	$536,387	$571,604	$529,770
Austin Way	$530,219	$454,273	—	—	—
Thomas Curran JR	$517,831	$477,531	$407,171	$402,445	$276,743

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 Van Andel Research Institute 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Conducts medical research to advance human health and disease understanding.

Provided by the organization

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3 programs · $33.1M · in their own filed words · FY2023

01

Department of epigeneticsschedule o provides further information regarding this program's accomplishments.

$16.3Mprogram expense

02

Department of neurodegenerative scienceschedule o provides further information regarding this program's accomplishments.

$9.7Mprogram expense

03

Department of metabolism and nutritional programmingsee schedule o for further information about this program's accomplishments.

$7.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2025

Credit Unions Chartered in the State of Michigan 48 Lake Michigan Credit UnionFY2025$20K

Total grants receivedfrom 1 funder$20K

Grants paid · 40 grants · $9.7M · 2019–2023

Unitemized GrantFY2023$1,059,582

Unitemized GrantFY2023$675,474

Stand Up to CancerCA · FY2023$625,000

Unitemized GrantFY2023$415,807

Unitemized GrantFY2023$103,031

Unitemized GrantFY2023$37,726

The Economic Club of Grand RapidsMI · FY2023$25,000

Gordon Research ConferencesRI · FY2023$15,000

Friends of Crescent ParkMI · FY2023$8,000

Unitemized GrantFY2023$5,400

Stand Up to CancerCA · FY2022$625,000

Unitemized GrantFY2022$448,868

Unitemized GrantFY2022$388,547

Unitemized GrantFY2022$113,041

Unitemized GrantFY2022$39,720

The Economic Club of Grand RapidsMI · FY2022$25,000

Friends of Crescent ParkMI · FY2022$17,000

Unitemized GrantFY2022$15,937

See all 40 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$112.7M

Ln 12

Gifts and grantsLn 1h$99.1M

Other incomeLn 4–11$12.4M

Fees for servicesLn 2g$1.3M

Money outPt IX

$118.9M

Ln 25

Programscol B$77.7M

Managementcol C$39.2M

Fundraisingcol D$2.0M

Owns and owesPt X

$174.3M

net assets · Ln 32

Cash and savingsLn 1–2$458K

Total assetsLn 16$190.5M

LiabilitiesLn 26$16.1M

PeoplePt VI, VII

16

listed · VII A

PaidVII A15

Voting boardVI 1a6

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$99.1M

Government grantsLn 1e$32.7M

Noncash giftsLn 1g$16K

Fundraising eventsLn 1c$272K

Fees for servicesLn 2g$1.3M

Investment incomeLn 3$7K

Other incomeLn 4–11$12.4M

Gains on assetsLn 7−$346K

Total revenueLn 12$112.7M

Assets in detailPt X, end of year

SavingsLn 2$458K

Cash and savings togetherLn 1–2$458K

InvestmentsLn 11–13$6.6M

Land, buildings, equipmentLn 10c$164.6M

Total assetsLn 16$190.5M

LiabilitiesLn 26$16.1M

Net assetsLn 32$174.3M

OperationsPt I, VI

EmployeesI 5525

VolunteersI 610

Fiscal year endsHeaderNovember

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.0M	$458K
InvestmentsLn 11–13	$6.5M	$6.6M
Land, buildings, equipmentLn 10c	$168.3M	$164.6M
Total assetsLn 16	$197.2M	$190.5M
LiabilitiesLn 26	$16.8M	$16.1M
Net assetsLn 32	$180.4M	$174.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$673K	$673K
Grants to domestic individualsLn 2	$2.3M	$2.3M
Grants and assistance to foreign recipientsLn 3	$790K	$790K
Pay of current officers, directors and key staffLn 5	$3.5M	$872K	$2.6M
Other salaries and wagesLn 7	$51.5M	$31.2M	$19.1M	$1.3M
Pension plan contributionsLn 8	$4.3M	$2.6M	$1.6M	$121K
Other employee benefitsLn 9	$4.9M	$3.0M	$1.8M	$136K
Payroll taxesLn 10	$3.4M	$2.1M	$1.2M	$95K
Legal feesLn 11b	$458K	$77K	$381K
Accounting feesLn 11c	$133K		$133K
Lobbying feesLn 11d	$96K		$96K
Other fees for servicesLn 11g	$4.4M	$2.7M	$1.7M
Advertising and promotionLn 12	$2.8M	$70K	$2.4M	$292K
Office expensesLn 13	$27K	$2K	$25K	$287
Information technologyLn 14	$710K	$121K	$558K	$30K
RoyaltiesLn 15	$17K		$17K
OccupancyLn 16	$2.9M	$2.5M	$430K
TravelLn 17	$1.4M	$1.0M	$308K	$25K
Conferences, conventions and meetingsLn 19	$526K	$437K	$85K	$3K
InterestLn 20	$12K	$6K	$6K
Depreciation, depletion and amortizationLn 22	$13.7M	$12.0M	$1.7M
InsuranceLn 23	$1.0M	$638K	$391K
Other expenses (24a–d)Ln 24	$14.9M	$12.4M	$2.6M	$9K
All other expensesLn 24e	$4.4M	$2.3M	$2.1M	$66K
Total functional expensesLn 25	$118.9M	$77.7M	$39.2M	$2.0M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$112.7M	$118.9M	−$6.2M	$174.3M	990 PDF
FY2023	$340.0M	$112.0M	$228.0M	$180.4M	990 PDF
FY2022	$143.8M	$113.7M	$30.1M	−$44.5M	990 PDF
FY2021	$94.8M	$98.4M	−$3.6M	−$143.5M	990 PDF
FY2020	$88.9M	$94.4M	−$5.5M	−$163.9M	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 $112,738,485 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $327,656,765$99,075,223

I-9 Program service revenuePrior year $882,195$1,311,102

I-10 Investment incomePrior year $99,948−$339,084

I-11 Other revenuePrior year $11,372,978$12,691,244

I-12 Total revenuePrior year $340,011,886$112,738,485

I-13 Grants and similar amounts paidPrior year $2,717,278$3,760,021

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $63,920,211$67,657,719

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $45,406,956$47,496,046

I-18 Total expensesPrior year $112,044,445$118,913,786

I-19 Revenue less expensesPrior year $227,967,441−$6,175,301

Part VI · Governance 5 of 6 board members independent, 1 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members5

VI-2 Family or business relationship among officers or directorsYes

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 $112,738,485 across 13 lines filed

Lines not itemized here account for $64,664 of total revenue; see the IRS return.

VIII-1c Fundraising events$272,273

VIII-1d Related organizations$61,431,822

VIII-1e Government grants$32,720,750

VIII-1f All other contributions, gifts and grants$4,650,378

VIII-1g Noncash contributions (included above)$16,403

VIII-1h Total contributions, gifts and grants$99,075,223

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,311,102$1,311,102

VIII-3 Investment incomeExcluded from tax $7,220$7,220

VIII-6 Net rental income or lossExcluded from tax $189$189

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$346,304−$346,304

VIII-8 Net income from fundraising eventsExcluded from tax $58,939$58,939

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,567,452$12,567,452

VIII-12 Total revenueRelated to mission $1,311,102 · Unrelated business $22,487 · Excluded from tax $12,329,673$112,738,485

Part IX · Statement of functional expenses $118,913,786 across 24 lines filed

IX-1 Grants to domestic organizationsPrograms $673,000$673,000

IX-2 Grants to domestic individualsPrograms $2,297,021$2,297,021

IX-3 Grants and assistance to foreign recipientsPrograms $790,000$790,000

IX-5 Pay of current officers, directors and key staffPrograms $871,533 · Management $2,628,588$3,500,121

IX-7 Other salaries and wagesPrograms $31,210,574 · Management $19,072,394 · Fundraising $1,262,089$51,545,057

IX-8 Pension plan contributionsPrograms $2,624,801 · Management $1,583,062 · Fundraising $121,047$4,328,910

IX-9 Other employee benefitsPrograms $2,952,347 · Management $1,780,611 · Fundraising $136,152$4,869,110

IX-10 Payroll taxesPrograms $2,070,369 · Management $1,248,674 · Fundraising $95,478$3,414,521

IX-11b Legal feesPrograms $77,271 · Management $381,021$458,292

IX-11c Accounting feesManagement $133,335$133,335

IX-11d Lobbying feesManagement $96,000$96,000

IX-11g Other fees for servicesPrograms $2,718,601 · Management $1,688,170$4,406,771

IX-12 Advertising and promotionPrograms $70,378 · Management $2,434,413 · Fundraising $291,656$2,796,447

IX-13 Office expensesPrograms $1,734 · Management $25,100 · Fundraising $287$27,121

IX-14 Information technologyPrograms $121,058 · Management $558,153 · Fundraising $30,382$709,593

IX-15 RoyaltiesManagement $16,613$16,613

IX-16 OccupancyPrograms $2,491,213 · Management $429,841$2,921,054

IX-17 TravelPrograms $1,020,312 · Management $307,965 · Fundraising $25,045$1,353,322

IX-19 Conferences, conventions and meetingsPrograms $437,030 · Management $85,438 · Fundraising $3,034$525,502

IX-20 InterestPrograms $5,548 · Management $6,281$11,829

IX-22 Depreciation, depletion and amortizationPrograms $11,999,973 · Management $1,665,723$13,665,696

IX-23 InsurancePrograms $638,482 · Management $391,328$1,029,810

IX-24 Other expenses (24a–d)Programs $12,368,147 · Management $2,558,410 · Fundraising $9,079$14,935,636

IX-24e All other expensesPrograms $2,254,157 · Management $2,089,339 · Fundraising $65,529$4,409,025

IX-25 Total functional expensesPrograms $77,693,549 · Management $39,180,459 · Fundraising $2,039,778$118,913,786

Part X · Balance sheet $190,464,759 assets, 15 lines filed

Asset lines not itemized here account for $45,025; see the IRS return.

X-2 Savings and temporary cash investmentsStart of year $1,022,317$458,289

X-3 Pledges and grants receivableStart of year $5,763,820$6,344,698

X-4 Accounts receivableStart of year $12,329,240$8,984,611

X-8 Inventories for sale or useStart of year $335,429$343,024

X-9 Prepaid expenses and deferred chargesStart of year $2,879,312$3,104,997

X-10c Land, buildings and equipment, netStart of year $168,320,709$164,610,891

X-12 Other securitiesStart of year $6,450,039$6,573,224

X-16 Total assetsStart of year $197,193,153$190,464,759

X-17 Accounts payable and accrued expensesStart of year $15,331,023$15,676,704

X-19 Deferred revenueStart of year $1,490,194$469,036

X-26 Total liabilitiesStart of year $16,821,217$16,145,740

X-27 Net assets without donor restrictionsStart of year $173,639,772$167,369,888

X-28 Net assets with donor restrictionsStart of year $6,732,164$6,949,131

X-32 Total net assets or fund balancesStart of year $180,371,936$174,319,019

X-33 Total liabilities and net assetsStart of year $197,193,153$190,464,759

Part XI · Reconciliation of net assets $174,319,019 net assets at year end

XI-1 Total revenue$112,738,485

XI-2 Total expenses$118,913,786

XI-3 Revenue less expenses−$6,175,301

XI-4 Net assets at start of year$180,371,936

XI-5 Net unrealized gains (losses) on investments$122,384

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$174,319,019

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

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