Addgene INC FY2022 filing

Tax-deductible

Watertown, MA501(c)(3)Since 2004Medical ResearchEIN 90-0133592Revenue $24.1M in FY2022

On file with the IRSaddgene.org490 Arsenal Way Ste 100, 02472-2988 · Watertown, MATax-exempt since Jun 2005Hospital or medical research org — 170(b)(1)(A)(iii)

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Addgene, INC. Provides research support service dedicated to archiving and distributing plasmids that appear in published articles. By linking plasmids with publications, scientists are always connected to data generated from the materials that they are requesting. The company's goal is to compile a comprehensive library of plasmids to facilitate research and discovery.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$2.0M 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

FY2022 · 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
3 of 5
filings with a surplus
Average surplus $1.0M a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
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
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $131K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$43.9M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24.1M
+0.5% vs prior year
Spent
$23.6M
To programs
78%
Net assets
$20.0M
By yearFY2020–FY2024
Revenue
$24.1M
FY2022▲ +0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.5M
FY2021$24.0M
FY2022$24.1M
FY2023$26.3M
FY2024$26.4M
Expenses
$23.6M
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$18.3M
FY2021$20.3M
FY2022$23.6M
FY2023$26.5M
FY2024$27.6M
Net assets
$20.0M
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$15.8M
FY2021$19.5M
FY2022$20.0M
FY2023$19.8M
FY2024$14.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 2005.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $18.3M Management & general 22% · $5.3M

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

23 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Executive Director
$223,197Pt VII · Sec A
Chief Scientific Officer
$221,027Pt VII · Sec A
Chief Technology Officer
$209,992Pt VII · Sec A
Chief Operating Officer
$191,940Pt VII · Sec A
Chief Financial Officer
$172,657Pt VII · Sec A
Chief People Officer
$172,103Pt VII · Sec A
Director, Antibodies
$163,957Pt VII · Sec A
Senior Director of Tech Op
$160,878Pt VII · Sec A

Andrew Baltus’s $482K as EVP/COO (ended 10/24) is at the 58th percentile of top reported officer pay among 127 $10–100M 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
Andrew Baltus$482,283$212,716$191,940$200,345$165,146
Michael Lohnes$310,894$181,208$172,657$174,403$146,358
Chonnettia Jones$308,308$279,862$223,197——
Melina Fan$267,700$231,024$221,027$236,226$183,801
Joanne Niewood———$263,148$183,928
Daniela Bourges-Waldegg$257,423$219,853$209,992$205,805$165,302
Tracy Kiernan$192,861$187,234$172,103——
Eric Perkins$184,504$174,533$154,126$143,009$132,005

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Archives and distributes plasmids from published research to aid scientific discovery.

Questions for Addgene INC

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Provided by the organization

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1 program · $18.3M · in their own filed words · FY2022
01

The storage and distribution of dna-based reagents in support of scientific research.

$18.3Mprogram 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
Total grants receivedfrom 1 funder$131K
Grants paid · 5 grants · $395K · 2022–2024
The U C Davis FoundationCA · FY2024$26,598
The U C Davis FoundationCA · FY2023$197,985
Unitemized GrantFY2023$500
The U C Davis FoundationCA · FY2022$164,089
Unitemized GrantFY2022$5,358

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$24.1M
Ln 12
Fees for servicesLn 2g$22.7M
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$12K
Money outPt IX
$23.6M
Ln 25
Programscol B$18.3M
Managementcol C$5.3M
Owns and owesPt X
$20.0M
net assets · Ln 32
Cash and savingsLn 1–2$15.6M
Total assetsLn 16$63.9M
LiabilitiesLn 26$43.9M
PeoplePt VI, VII
23
listed · VII A
PaidVII A11
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$22.7M
Investment incomeLn 3$12K
Gains on assetsLn 7−$353
Total revenueLn 12$24.1M
Assets in detailPt X, end of year
CashLn 1$5.7M
SavingsLn 2$9.9M
Cash and savings togetherLn 1–2$15.6M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$39.8M
Total assetsLn 16$63.9M
LiabilitiesLn 26$43.9M
Net assetsLn 32$20.0M
OperationsPt I, VI
EmployeesI 5154
VolunteersI 611
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 FY22End FY22
Cash and savingsLn 1–2$13.3M$15.6M
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$22.1M$63.9M
LiabilitiesLn 26$2.6M$43.9M
Net assetsLn 32$19.5M$20.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$165K$165K
Grants to domestic individualsLn 2$5K$5K
Pay of current officers, directors and key staffLn 5$1.2M$834K$357K
Other salaries and wagesLn 7$7.7M$5.4M$2.3M
Pension plan contributionsLn 8$148K$103K$44K
Other employee benefitsLn 9$1.6M$1.0M$578K
Payroll taxesLn 10$673K$471K$202K
Legal feesLn 11b$27K$3K$24K
Accounting feesLn 11c$38K$38K
Other fees for servicesLn 11g$503K$216K$287K
Advertising and promotionLn 12$68K$65K$3K
Office expensesLn 13$537K$222K$315K
Information technologyLn 14$262K$131K$131K
OccupancyLn 16$2.3M$1.6M$701K
TravelLn 17$59K$47K$12K
Conferences, conventions and meetingsLn 19$2K$778$778
Depreciation, depletion and amortizationLn 22$397K$298K$99K
InsuranceLn 23$65K$65K
Other expenses (24a–d)Ln 24$7.8M$7.7M$101K
All other expensesLn 24e$55K$32K$23K
Total functional expensesLn 25$23.6M$18.3M$5.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $26.4M$27.6M−$1.2M$14.8M 990 PDF
FY2023 $26.3M$26.5M−$233K$19.8M 990 PDF
FY2022 Viewing $24.1M$23.6M$506K$20.0M 990 PDF
FY2021 $24.0M$20.3M$3.7M$19.5M 990 PDF
FY2020 $20.5M$18.3M$2.3M$15.8M 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 FY2022 990 (6 parts)
Part I · Summary $24,108,935 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $932,933$1,350,592
I-9 Program service revenuePrior year $23,023,653$22,746,216
I-10 Investment incomePrior year $372$12,127
I-11 Other revenuePrior year $28,952$0
I-12 Total revenuePrior year $23,985,910$24,108,935
I-13 Grants and similar amounts paidPrior year $21,194$170,448
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,515,020$11,336,542
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,721,848$12,096,103
I-18 Total expensesPrior year $20,258,062$23,603,093
I-19 Revenue less expensesPrior year $3,727,848$505,842
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $24,108,935 across 7 lines filed
VIII-1e Government grants$1,334,591
VIII-1f All other contributions, gifts and grants$16,001
VIII-1h Total contributions, gifts and grants$1,350,592
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,746,216$22,746,216
VIII-3 Investment incomeExcluded from tax $12,480$12,480
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$353−$353
VIII-12 Total revenueRelated to mission $22,746,216 · Unrelated business $0 · Excluded from tax $12,127$24,108,935
Part IX · Statement of functional expenses $23,603,093 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $165,090$165,090
IX-2 Grants to domestic individualsPrograms $5,358$5,358
IX-5 Pay of current officers, directors and key staffPrograms $833,641 · Management $357,275$1,190,916
IX-7 Other salaries and wagesPrograms $5,419,085 · Management $2,322,465$7,741,550
IX-8 Pension plan contributionsPrograms $103,429 · Management $44,327$147,756
IX-9 Other employee benefitsPrograms $1,005,278 · Management $577,802$1,583,080
IX-10 Payroll taxesPrograms $471,268 · Management $201,972$673,240
IX-11b Legal feesPrograms $2,672 · Management $24,052$26,724
IX-11c Accounting feesManagement $38,278$38,278
IX-11g Other fees for servicesPrograms $216,170 · Management $286,614$502,784
IX-12 Advertising and promotionPrograms $64,708 · Management $3,406$68,114
IX-13 Office expensesPrograms $222,154 · Management $314,899$537,053
IX-14 Information technologyPrograms $130,763 · Management $130,763$261,526
IX-16 OccupancyPrograms $1,627,809 · Management $701,490$2,329,299
IX-17 TravelPrograms $47,299 · Management $11,782$59,081
IX-19 Conferences, conventions and meetingsPrograms $778 · Management $778$1,556
IX-22 Depreciation, depletion and amortizationPrograms $297,828 · Management $99,276$397,104
IX-23 InsuranceManagement $65,120$65,120
IX-24 Other expenses (24a–d)Programs $7,653,683 · Management $100,794$7,754,477
IX-24e All other expensesPrograms $31,500 · Management $23,487$54,987
IX-25 Total functional expensesPrograms $18,298,513 · Management $5,304,580 · Fundraising $0$23,603,093
Part X · Balance sheet $63,886,487 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $11,744,108$5,677,086
X-2 Savings and temporary cash investmentsStart of year $1,567,251$9,879,731
X-3 Pledges and grants receivableStart of year $717,933$352,010
X-4 Accounts receivableStart of year $1,389,724$1,403,215
X-8 Inventories for sale or useStart of year $5,030,842$5,154,779
X-9 Prepaid expenses and deferred chargesStart of year $244,610$288,366
X-10c Land, buildings and equipment, netStart of year $1,421,803$1,286,976
X-15 Other assetsStart of year $0$39,844,324
X-16 Total assetsStart of year $22,116,271$63,886,487
X-17 Accounts payable and accrued expensesStart of year $1,782,002$1,841,750
X-25 Other liabilitiesStart of year $819,468$42,027,536
X-26 Total liabilitiesStart of year $2,601,470$43,869,286
X-27 Net assets without donor restrictionsStart of year $19,324,801$20,017,201
X-28 Net assets with donor restrictionsStart of year $190,000$0
X-32 Total net assets or fund balancesStart of year $19,514,801$20,017,201
X-33 Total liabilities and net assetsStart of year $22,116,271$63,886,487
Part XI · Reconciliation of net assets $20,017,201 net assets at year end
XI-1 Total revenue$24,108,935
XI-2 Total expenses$23,603,093
XI-3 Revenue less expenses$505,842
XI-4 Net assets at start of year$19,514,801
XI-9 Other changes in net assets−$3,442
XI-10 Net assets at end of year$20,017,201

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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