HENRY M JACKSON FOUNDATION FOR THE ADVANCEMENT OF MILITARY MEDICINE

EIN: 521317896 501(c)(3) Medical Research

BETHESDA, MD

Total Revenue
$616,261,455
Total Expenses
$611,666,463
Total Assets
$301,373,575
Net Assets
$177,219,429
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Organization Details

Formation Year
1983
Legal Domicile
MD
Principal Officer
DR JOSEPH CARAVAHLO
Phone
2406942000
Tax Period
2024-10-01 to 2025-09-30

HENRY M JACKSON FOUNDATION FOR THE ADVANCEMENT OF MILITARY MEDICINE, founded in 1983, is a major nonprofit in the Medical Research sector that reported $616.3M in total revenue in fiscal year 2024.

Mission

HJF PARTNERS TO ADVANCE MILITARY MEDICINE FOR OUR NATIONS WARFIGHTERS. AS A GLOBAL NONPROFIT ORGANIZATION AUTHORIZED BY CONGRESS, HJF PROVIDES SCIENTIFIC, ADMINISTRATIVE AND PROGRAM MANAGEMENT SERVICES TO RESEARCHERS AND CLINICIANS. HJF SERVES AS A TRUSTED LINK BETWEEN MEDICAL COMMUNITY, FEDERAL AND INDUSTRY PARTNERS, AND MILLIONS OF AMERICAN SERVICE FAMILIES, VETERANS, AND CIVILIANS WHO BENEFIT FROM ITS IMPORTANT WORK.HJF HELPS ENSURE THAT MILITARY MEDICAL INNOVATIONS BECOME PRODUCTS AS QUICKLY AND SAFELY AS POSSIBLE, TO STRENGTHEN THE HEALTH AND WELL-BEING OF OUR SERVICE MEMBERS DURING AND AFTER THEIR SERVICE. HJF ALSO SUPPORTS THE ADOPTION OF ADVANCES IN MILITARY MEDICINE INTO THE CIVILIAN SPHERE TO BENEFIT GLOBAL PUBLIC HEALTH. HJF IS A DILIGENT STEWARD OF FUNDS FROM GOVERNMENT AWARDS, INDUSTRY PARTNERSHIPS, AND PRIVATE DONATIONS ALL FOCUSED ON THE GOAL OF ADVANCING MILITARY MEDICINE.

Program Service Accomplishments

Program 1
Expenses: $593,581,611 Revenue: $90,081,031

RESEARCH ADMINISTRATION EXPENSES: AS A TRUSTED PARTNER WITH MILITARY MEDICAL RESEARCHERS, IMPORTANT HJF ACCOMPLISHMENTS INCLUDE ATTRACTING, MANAGING, AND RETAINING HIGHLY QUALIFIED SCIENTIFIC STAFF...

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RESEARCH ADMINISTRATION EXPENSES: AS A TRUSTED PARTNER WITH MILITARY MEDICAL RESEARCHERS, IMPORTANT HJF ACCOMPLISHMENTS INCLUDE ATTRACTING, MANAGING, AND RETAINING HIGHLY QUALIFIED SCIENTIFIC STAFF TO SUPPORT THE PRIORITIES OF U.S. MILITARY MEDICINE. WHETHER IT IS THE SENIOR SCIENTIST TO LEAD MAJOR INITIATIVES AND WORK COLLABORATIVELY WITH U.S. GOVERNMENT SCIENTISTS, OR LAB TECHS TO PERFORM ONGOING RESEARCH FUNCTIONS, HJF HIRES THE BEST AND BRIGHTEST TALENT TO ACCELERATE INNOVATIONS NECESSARY TO ADVANCE MILITARY MEDICINE. IN FY2025, HJF PLAYED AN EVEN LARGER ROLE IN CONVENING AND CONNECTING THE MILITARY, INDUSTRY, ACADEMIA, AND GOVERNMENT BY HOSTING LEADERSHIP FORA AND OTHER KEY DOD MEDICINE MEETINGS, WITH GOVERNMENTAL AND NON-GOVERNMENTAL THOUGHT LEADERS, TO COLLABORATIVELY IDENTIFY CHALLENGES AND POSIT MILITARY MEDICINE SOLUTIONS. ADDITIONALLY, IN FY2025 HJF BEGAN CONSTRUCTION OF HJF INNOVATION LABS @ MONTGOMERYCOUNTYMD (HIL), AS PART OF THE HJF INNOVATION ECOSYSTEM INITIATIVE. DESIGNED TO SERVE AS A UNIQUE REGIONAL BIOTECH INCUBATOR, THIS NEW FACILITY IS DESIGNED TO SPECIFICALLY ADDRESS THE CHALLENGES FACED BY GROWING STARTUPS AND SMALL COMPANIES. THE PRIMARY FOCUS OF THE HIL IS TO ACCELERATE THE AVAILABILITY OF RELEVANT MEDICAL PRODUCTS AND SERVICES TO OUR NATION'S WARFIGHTERS, VETERANS, AND CIVILIANS. HJF AIMS TO ASSIST BIOTECH AND MEDICAL DEVICE STARTUPS SURMOUNT FINANCIAL CONSTRAINTS AND NAVIGATE THE INS AND OUTS OF DUAL USE MILITARY MEDICAL TECHNOLOGY DEVELOPMENT. HJF SUPPORTED PROGRAMS: UNIFORMED SERVICES UNIVERSITY (USU) BRAIN TISSUE REPOSITORY: HJF WAS SELECTED TO RECEIVE A CHARITABLE GIFT FROM RETIRED ADMIRAL WILLIAM MCRAVEN, AS PART OF A $50 MILLION 2024 BEZOS COURAGE AND CIVILITY AWARD. FOR THIS AWARD, RETIRED ADMIRAL MCRAVEN CHOSE TO SUPPORT ONE OF THE WORLD'S LEADING EXPERTS ON TRAUMATIC BRAIN INJURY (TBI) IN MILITARY PERSONNEL: DANIEL PERL, M.D., FRSM. DR. PERL IS THE DIRECTOR OF THE DEPARTMENT OF WAR/UNIFORMED SERVICES UNIVERSITY BRAIN TISSUE REPOSITORY AND PROFESSOR OF PATHOLOGY (NEUROPATHOLOGY) AT USU WHERE HE HAS BEEN CONDUCTING TBI RESEARCH FOR 15 YEARS. THIS NEW PROJECT, TITLED, "UNVEILING CELLULAR MECHANISMS OF BLAST-INDUCED TBI THROUGH ADVANCED SPATIAL GENOMICS," WILL INVESTIGATE "INTERFACE ASTROGLIAL SCARRING," A SPECIFIC PATTERN OF BRAIN DAMAGE HE FIRST IDENTIFIED IN BLAST-EXPOSED SERVICE MEMBERS. THE U.S. MILITARY HIV RESEARCH PROGRAM (MHRP): MHRP, THE WALTER REED ARMY INSTITUTE OF RESEARCH (WRAIR), HJF, AND PARTNERS COMPLETED ENROLLMENT IN A PHASE 1 HUMAN TRIAL IN TANZANIA TO EVALUATE THE SAFETY AND ANTIVIRAL ACTIVITY OF A LONG-ACTING BISPECIFIC ANTIBODY, ALONE AND IN COMBINATION WITH ANOTHER POTENT MONOCLONAL ANTIBODY (MAB), TO COMBAT HIV. THE TRIAL IS ALSO EXPLORING FIXED DOSING AND THE SAFETY OF INTRAMUSCULAR INJECTION TO DELIVER THESE MABS, IMPORTANT ADVANTAGES FOR FUTURE POTENTIAL USE IN REMOTE OR MILITARY SETTINGS WHERE MEDICAL INFRASTRUCTURE MAY BE LIMITED. THESE MABS MAY BE USED IN GEOGRAPHIES STRATEGIC TO THE U.S. MILITARY WHERE HIV IS HIGHLY ENDEMIC, INCLUDING EXPANSION TO THE INDO-PACIFIC COMMAND REGION. MHRP'S LONG-TIME COLLABORATOR, TANZANIA'S NATIONAL INSTITUTE FOR MEDICAL RESEARCH - MBEYA MEDICAL RESEARCH CENTER, IS CONDUCTING THE STUDY, CALLED RV584. WALTER REED NATIONAL MILITARY MEDICAL CENTER (WRNMMC): HJF RECEIVED FUNDING THROUGH A GRANT FROM WOUNDED WARRIOR PROJECT(R) (WWP) TO SUPPORT THE WORK OF THE 7 EAST BRAIN INJURY MEDICINE/NEUROPSYCHIATRY PROGRAM AT WRNMMC. THE PROGRAM TREATS BRAIN INJURIES OF ALL SEVERITIES, FROM MILD CONCUSSIVE INJURIES TO SEVERE INJURIES REQUIRING SURGERY, COMBINING MEDICAL, SURGICAL, AND BEHAVIORAL HEALTH CARE TO ADDRESS THE FULL SPECTRUM OF COMPLICATIONS FROM TRAUMATIC BRAIN INJURY. IN FY2025, HJF MANAGED MORE THAN 800 AWARDS, GRANTS, AGREEMENTS, OR CONTRACTS, MORE THAN 1,500 ACTIVE CLINICAL STUDIES (HUMAN AND ANIMAL PROTOCOLS), AND MORE THAN 50 ACTIVE LICENSE AGREEMENTS. HJF HAS MORE THAN 2,900 TEAMMATES AT SITES ON FOUR CONTINENTS.

Program 2
Expenses: $2,831,121 Revenue: $0

ENDOWMENTS: ENDOWMENTS DELIVERED SIGNIFICANT PROGRAM SERVICES AND SUPPORT TO THE UNIFORM SERVICES UNIVERSITY FOR THE HEALTH SCIENCES (USU) PARTICULARLY FOR THE SCHOOL OF MEDICINE AND THE CLINICAL...

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ENDOWMENTS: ENDOWMENTS DELIVERED SIGNIFICANT PROGRAM SERVICES AND SUPPORT TO THE UNIFORM SERVICES UNIVERSITY FOR THE HEALTH SCIENCES (USU) PARTICULARLY FOR THE SCHOOL OF MEDICINE AND THE CLINICAL SCIENCES DEPARTMENT OF SURGERY AND DEPARTMENT OF DERMATOLOGY. PROGRAMS INCLUDE FELLOWSHIP GRANTS FOR GRADUATE STUDENTS STUDYING MEDICINE AT USU. HJF FELLOWSHIP AWARDS PROVIDE TRAVEL, EDUCATIONAL, AND TRAINING SUPPORT.

Program 3
Expenses: $1,090,159 Revenue: $0

EDUCATION: EDUCATION ACCOUNTS PROVIDED EDUCATION, TRAINING, AND OTHER APPROVED INIATIVES RELATED TO ADVANCING MILITARY MEDICINE. SAMPLES OF PROJECTS FUNDED THROUGH EDUCATIONAL INIATIVES INCLUDE THE...

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EDUCATION: EDUCATION ACCOUNTS PROVIDED EDUCATION, TRAINING, AND OTHER APPROVED INIATIVES RELATED TO ADVANCING MILITARY MEDICINE. SAMPLES OF PROJECTS FUNDED THROUGH EDUCATIONAL INIATIVES INCLUDE THE PROVISIONING OF TEXTBOOKS TRAVEL TO MEDICAL CONFERENCES OR COURSES, SUPPORT FOR EXAMS, AND MANUSCRIPT PUBLICATIONS EXPENSES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $515,577,173
Program Service Revenue $90,474,567
Investment Income $9,058,885
Other Revenue $1,150,830
TOTAL REVENUE $616,261,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $272,520,768
Fundraising Expenses $618,547
Program Expenses $597,502,891
Other Expenses $339,145,695
TOTAL EXPENSES $611,666,463

Year-over-Year Comparison

2024 2023 Change
Revenue $616,261,455 $628,927,553 0.0%
Expenses $611,666,463 $612,594,296 0.0%
Net Income $4,594,992 $16,333,257 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
2881
Volunteers
12

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
9
$4,296,311
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH CARAVALHO JR MD PRESIDENT AND CEO 50
Officer
$763,556 $96,296 $859,852
ELIZABETH FOLK EVP & COO 45
Officer
$487,611 $83,061 $570,672
COREY HASTINGS SVP, TREASURER AND CFO 53
Officer
$440,301 $60,981 $501,282
CATHERINE CLARK SVP, GENERAL COUNSEL (10/01/24-03/31/25) 45
Officer
$394,468 $63,249 $457,717
SANDHYA VASAN VP GLOBAL INFECTIOUS RESEARCH 56
Highest
$387,823 $69,057 $456,880
MERLIN ROBB VP & CHIEF MEDICAL OFFICER 53
Officer
$395,097 $61,573 $456,670
RODNEY R SWEETLAND PRESIDENT - CAMRIS 40
Highest
$397,769 $22,552 $420,321
CYNTHIA GILMAN SVP STRATEGIC INIATIVES 44
Officer
$341,448 $78,210 $419,658
NADINE MALLOY SVP AND CHIEF HUMAN RESOURCES OFFICER 52
Officer
$324,575 $65,050 $389,625
TREVOR CROWELL DIRECTOR, CLINICAL RESEARCH 57
Highest
$313,075 $58,711 $371,786
BRAD SEPP VP OF PROGRAMS - CAMRIS 40
Highest
$322,023 $39,016 $361,039
ANDREA STAHL VICE PRESIDENT USU OPERATIONS 47
Highest
$298,981 $36,724 $335,705
QI YANG VP OF SPONSERED PROGRAMS 43
Officer
$275,527 $45,167 $320,694
WILLIAM B KINNER SVP, GENERAL COUNSEL (04/01/25) 46.00
Officer
$258,780 $61,361 $320,141
RAQUEL BONO MD VADM US NAVY RET DIRECTOR-CHAIRMAN 1
Director
$0 $0 $0
SID ASHWORTH DIRECTOR 1
Director
$0 $0 $0
GENERAL JOHN JAY M PAXTON JR USMC DIRECTOR 1
Director
$0 $0 $0
THOMAS W WESTON JR DIRECTOR 1
Director
$0 $0 $0
ELDER GRANGER MD MG US ARMY DIRECTOR (10/01/24-01/01/25) 1
Director
$0 $0 $0
RONALD R BLANCK DO LTD USA RET DIRECTOR 1
Director
$0 $0 $0
THE HONORABLE JOHN WOODSON MD MG PRESIDENT USUHS - EX OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
THE HON US SENATOR RODGER WICKER SENATE ARMED SERVICES COMMITTEE - EX OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
THE HONORABLE US SENATOR JACK REED SENATE ARMED SERVICES COMMITTEE - EX OFFICIO DIRECTOR 1
Director
$0 $0 $0
US REP SCOTT DESJARLAIS HOUSE ARMED SERVICES COMMITTEE - EX OFFICIO DIRECTOR 1
Director
$0 $0 $0
DEBBIE JAMES DIRECTOR (01/02/25-09/30/25) 1
Director
$0 $0 $0
THE HONORABLE SALUD CARBAJAL HOUSE ARMED SERVICES COMMITTEE - EX OFFICIO DIRECTOR 1
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 $616,261,455 $611,666,463 $301,373,575 $4,594,992
2024 $628,927,553 $612,594,296 $321,555,737 $16,333,257
2023 $570,387,126 $558,317,837 $330,120,949 $12,069,289
2022 $530,652,586 $542,512,800 $242,539,483 $-11,860,214
2021 $569,647,699 $552,186,297 $269,976,709 $17,461,402
2020 $479,715,248 $479,950,790 $268,198,754 $-235,542
2019 $495,039,325 $503,466,348 $224,661,438 $-8,427,023
2018 $510,718,713 $503,494,920 $277,974,134 $7,223,793
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