WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH

EIN: 061043412 501(c)(3) Medical Research

CAMBRIDGE, MA

Total Revenue
$164,876,615
Total Expenses
$145,733,750
Total Assets
$903,412,304
Net Assets
$762,926,607
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MA
Principal Officer
DR RUTH LEHMANN
Phone
6172585000
Tax Period
2023-07-01 to 2024-06-30

WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH, founded in 1981, is a major nonprofit in the Medical Research sector that reported $164.9M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $145.7M left a modest 12% surplus.

Mission

WHITEHEAD INSTITUTE FORGES NEW FRONTIERS IN SCIENCE, UNCOVERING INSIGHTS TODAY THAT UNLOCK THE POTENTIAL OF TOMORROW. OUR ADVANCES IN GENETICS AND GENOMICS ARE NOW ENABLING US TO TACKLE THE COMPLEXITIES OF LIFE WITH UNPRECEDENTED DEPTH AND BREADTH.

Program Service Accomplishments

Program 1
Expenses: $123,250,153 Revenue: $771,855

WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH IS AN INDEPENDENT NONPROFIT RESEARCH INSTITUTION LOCATED IN CAMBRIDGE, MASSACHUSETTS. THE INSTITUTE WAS INCORPORATED IN 1981 TO PROMOTE AND EXPAND HUMAN...

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WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH IS AN INDEPENDENT NONPROFIT RESEARCH INSTITUTION LOCATED IN CAMBRIDGE, MASSACHUSETTS. THE INSTITUTE WAS INCORPORATED IN 1981 TO PROMOTE AND EXPAND HUMAN KNOWLEDGE IN THE BIOMEDICAL AND OTHER SCIENTIFIC FIELDS WITH THE ULTIMATE GOAL OF IMPROVING HUMAN HEALTH AND WELL-BEING. THE RESEARCH OF THE INSTITUTE FOCUSES ON BASIC BIOLOGICAL PROCESSES INVESTIGATED MAINLY FROM A MOLECULAR OR CELLULAR PERSPECTIVE. RESEARCH IS CONDUCTED IN SEVERAL AREAS, INCLUDING CANCER, NEURODEGENERATIVE DISEASES, REGENERATIVE BIOLOGY, IMMUNOLOGY AND GENETICS. THE RESEARCH OF THE INSTITUTE IS CONDUCTED UNDER THE LEADERSHIP OF PRINCIPAL INVESTIGATORS WHO HOLD JOINT APPOINTMENTS TO THE FACULTIES OF THE INSTITUTE AND MASSACHUSETTS INSTITUTE OF TECHNOLOGY ("MIT") (THE "INSTITUTE FACULTY"). THE MEMBERS OF THE INSTITUTE FACULTY ARE RECOGNIZED LEADERS IN THEIR FIELDS. THE INSTITUTE FACULTY INCLUDE TWO RECIPIENTS OF THE NATIONAL MEDAL OF SCIENCE, FIVE HOWARD HUGHES MEDICAL INSTITUTE INVESTIGATORS, NINE MEMBERS OF THE NATIONAL ACADEMY OF SCIENCES AND SIX MEMBERS OF THE NATIONAL ACADEMY OF MEDICINE. FOR MORE THAN THREE DECADES, WHITEHEAD INSTITUTE HAS MAINTAINED A STEADFAST COMMITMENT TO SCIENCE EDUCATION AND OUTREACH BY OFFERING PROGRAMS TO ENHANCE SCIENCE TEACHING AND LEARNING FOR THE ENTIRE COMMUNITY. WITH A VARIETY OF PROGRAMS RANGING IN SCOPE FROM LECTURES AND WORKSHOPS FOR TEACHERS AND STUDENTS TO SPECIAL EVENTS FOR NON-SCIENTISTS, WHITEHEAD OFFERS ITS PARTICIPANTS FIRST-HAND EXPOSURE TO STATE-OF-THE-ART RESEARCH. THESE PROGRAMS INCLUDE: SEMINAR SERIES FOR HIGH SCHOOL TEACHERS - THIS MONTHLY PROGRAM PROVIDES EDUCATORS AND OPPORTUNITY TO EXPLORE TOPICS AT THE FOREFRONT OF BIOMEDICAL RESEARCH. THE SERIES BEGINS IN OCTOBER AND LECTURES ARE HELD THE FIRST MONDAY OF EVERY MONTH THROUGH JUNE. SPRING LECTURE SERIES FOR HIGH SCHOOL STUDENTS - THIS PROGRAM, HELD DURING THE PUBLIC SCHOOL SPRING VACATION WEEK, FEATURES LECTURES FROM LEADING SCIENTIFIC EXPERTS, HANDS-ON LABORATORY DEMONSTRATIONS, VISITS TO LOCAL BIOTECHNOLOGY COMPANIES, AND INTERACTIONS WITH YOUNG WHITEHEAD INSTITUTE SCIENTISTS. SCIENCE WEEKS FOR MIDDLE SCHOOL STUDENTS - WHITEHEAD INSTITUTE HAS DEVELOPED IMMERSIVE, WEEK-LONG PROGRAMS FOR RISING 6TH, 7TH, AND 8TH GRADERS FEATURING HANDS-ON ACTIVITIES, CLASSROOM LESSONS, AND INTERACTIONS WITH SCIENTISTS. TWO SUCH SESSIONS ARE HELD IN THE SUMMER MONTHS. PUBLIC PROGRAM COLLABORATIONS - WHITEHEAD INSTITUTE ROUTINELY PARTNERS WITH VARIOUS RESEARCH INSTITUTIONS AND BIOTECHNOLOGY ORGANIZATIONS IN COORDINATING EDUCATIONAL PROGRAMMING FOR HIGH SCHOOL STUDENTS, TEACHERS, AND SCIENTISTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,282,922
Program Service Revenue $771,855
Investment Income $42,729,652
Other Revenue $85,092,186
TOTAL REVENUE $164,876,615

Expense Breakdown

Grants Paid $2,402,028
Salaries & Benefits $39,388,274
Fundraising Expenses $1,661,815
Program Expenses $123,250,153
Other Expenses $103,943,448
TOTAL EXPENSES $145,733,750

Year-over-Year Comparison

2023 2022 Change
Revenue $164,876,615 $120,192,597 +0.4%
Expenses $145,733,750 $122,899,801 +0.2%
Net Income $19,142,865 $-2,707,204 -8.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
20
Employees
360
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$2,467,784
Total Directors
21
$1,057,638
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR RUTH LEHMANN DIRECTOR/PRESIDENT 40.0
Officer Director
$1,007,583 $50,055 $1,057,638
MR MARTIN MULLINS VICE PRESIDENT 40.0
Officer
$533,715 $48,017 $581,732
MS SHARON STANCZAK VICE PRESIDENT & SECRETARY 40.0
Officer
$422,093 $65,577 $487,670
DR RUDOLF JAENISCH MEMBER (FACULTY) 40.0
Highest
$383,687 $60,452 $444,139
DR ROBERT WEINBERG MEMBER (FACULTY) 40.0
Highest
$357,083 $60,052 $417,135
DR RICHARD YOUNG MEMBER (FACULTY) 40.0
Highest
$352,222 $60,052 $412,274
DR MARY GEHRING MEMBER (FACULTY) 40.0
Highest
$329,293 $66,247 $395,540
DR IAIN CHEESEMAN MEMBER (FACULTY) 40.0
Highest
$324,315 $65,928 $390,243
MS LAURA SANDER CFO & TREASURER 40.0
Officer
$193,664 $40,500 $234,164
MS MONICA GERBER SECRETARY (FORMER) 20.0
$121,089 $23,154 $144,243
MS MONIQUE TAYLOR ASST SECRETARY 40.0
Officer
$88,485 $18,095 $106,580
MS SUSAN WHITEHEAD DIRECTOR 2.0
Director
$0 $0 $0
MS BRIT D'ARBELOFF DIRECTOR 2.0
Director
$0 $0 $0
MR JONATHAN GOLDSTEIN DIRECTOR 2.0
Director
$0 $0 $0
DR MARK LAPMAN DIRECTOR 2.0
Director
$0 $0 $0
DR PHILLIP SHARP DIRECTOR 2.0
Director
$0 $0 $0
MR PETER WHITEHEAD DIRECTOR 2.0
Director
$0 $0 $0
DR ROBERT SATCHER DIRECTOR 2.0
Director
$0 $0 $0
DR PAUL JOSKOW DIRECTOR/BOARD VICE CHAIR 2.0
Officer Director
$0 $0 $0
MR CHURCHILL FRANKLIN DIRECTOR 2.0
Director
$0 $0 $0
DR SUSAN HOCKFIELD DIRECTOR 2.0
Director
$0 $0 $0
MS SARAH WILLIAMSON DIRECTOR/BOARD CHAIR 3.0
Officer Director
$0 $0 $0
DR DENNIS LANGER DIRECTOR 2.0
Director
$0 $0 $0
MR SETH ALEXANDER DIRECTOR 2.0
Director
$0 $0 $0
DR KEVIN CHURCHWELL DIRECTOR 2.0
Director
$0 $0 $0
MR MICHAEL CHAMBERS DIRECTOR 2.0
Director
$0 $0 $0
MR TERRANCE MCGUIRE DIRECTOR 2.0
Director
$0 $0 $0
MR RAJA BOBBILI DIRECTOR 2.0
Director
$0 $0 $0
DR SALLY KORNBLUTH DIRECTOR 2.0
Director
$0 $0 $0
DR DEBORAH DUNSIRE DIRECTOR 2.0
Director
$0 $0 $0
MS MICHO SPRING DIRECTOR 2.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $164,876,615 $145,733,750 $903,412,304 $19,142,865
2023 $120,192,597 $122,899,801 $842,417,084 $-2,707,204
2022 $110,885,074 $110,235,410 $806,821,986 $649,664
2021 $97,603,749 $96,726,988 $896,132,656 $876,761
2020 $72,327,232 $77,087,871 $712,253,042 $-4,760,639
2019 $83,985,006 $72,969,532 $650,160,818 $11,015,474
2018 $70,193,474 $72,071,760 $627,527,372 $-1,878,286
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