J CRAIG VENTER INSTITUTE

EIN: 521842938 501(c)(3) Science & Technology

LA JOLLA, CA

Total Revenue
$14,407,483
Total Expenses
$19,604,869
Total Assets
$39,462,295
Net Assets
$31,164,306
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MD
Principal Officer
JOHN CRAIG VENTER
Phone
8582001800
Tax Period
2024-01-01 to 2024-12-31

J CRAIG VENTER INSTITUTE, founded in 1993, is a mid-sized nonprofit in the Science & Technology sector that reported $14.4M in total revenue in fiscal year 2024. Expenses of $19.6M exceeded revenue, resulting in a 36% operating deficit.

Mission

J. CRAIG VENTER INSTITUTE (JCVI) IS AN INDEPENDENT 501(C)(3) NONPROFIT ORGANIZATION ADVANCING THE SCIENCE OF GENOMICS COMMITTED TO ACCELERATING FOUNDATIONAL SCIENTIFIC RESEARCH TO DRIVE ADVANCES IN HUMAN HEALTH AND ENVIRONMENTAL SUSTAINABILITY. THIS PAST YEAR JCVI COMMITTED RESEARCH EFFORTS IN HUMAN HEALTH, ENVIRONMENTAL SUSTAINABILITY, SYNTHETIC BIOLOGY, AND SOFTWARE TOOLS AND TECHNOLOGY.

Program Service Accomplishments

Program 1
Expenses: $5,271,780

DEPARTMENT OF HEALTH AND HUMAN SERVICES: TWO MILLION PEOPLE IN THE U.S. ARE DIAGNOSED ANNUALLY WITH LIFE-THREATENING INFECTIONS CAUSED BY ANTIBIOTIC RESISTANT BACTERIA THAT ARE RESPONSIBLE FOR 35,000...

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DEPARTMENT OF HEALTH AND HUMAN SERVICES: TWO MILLION PEOPLE IN THE U.S. ARE DIAGNOSED ANNUALLY WITH LIFE-THREATENING INFECTIONS CAUSED BY ANTIBIOTIC RESISTANT BACTERIA THAT ARE RESPONSIBLE FOR 35,000 DEATHS EACH YEAR WITH AN ECONOMIC IMPACT ESTIMATED TO BE AS MUCH AS $20 BILLION A YEAR IN DIRECT HEALTHCARE COSTS. DUE TO THE SPREAD OF ANTIBIOTIC RESISTANCE, VERY FEW DRUGS REMAIN THAT CAN TREAT THESE INFECTIONS. LED BY DERRICK FOUTS, PHD, (JCVI) AND FUNDED BY THE CENTERS FOR DISEASE CONTROL AND PREVENTION (CDC), THE J. CRAIG VENTER INSTITUTE AND CLEVELAND VA PREVENTION AND INTERVENTION EPICENTER ARE DEVELOPING NOVEL INTERVENTIONS THAT WILL PREVENT THE COLONIZATION AND SPREAD OF ANTIBIOTIC RESISTANT (AR) BACTERIA THAT CAUSE HOSPITAL ACQUIRED INFECTIONS (HAI), AND TO DEVELOP DIAGNOSTICS AND INTERVENTIONS TO COMBAT THE COLONIZATION BY THE RAPIDLY EMERGING FUNGAL PATHOGEN CANDIDA AURIS. COLLABORATORS ON THIS MULTI YEAR FUNDED CENTER INCLUDE RESEARCH LABS AT DUKE UNIVERSITY, CASE WESTERN UNIVERSITY AND NORTHWESTERN UNIVERSITY. LED BY INDRESH SINGH, DIRECTOR OF INFORMATICS, THE JCVI IS A KEY COLLOBORATOR FOR THE BACTERIAL AND VIRAL BIOINFORMATICS RESOURCE CENTER (BV-BRC). USING THE ADVANCED SYSTEM ARCHITECTURE BASED ON HIGH-PERFORMANCE COMPUTING, EXTENSIBLE DATABASE MANAGEMENT APPROACH STRUCTURED ON EMERGING METADATA STANDARDS, AND SUITE OF ANALYSIS AND VISUALIZATION TOOLS AND SERVICES AVAILABLE FOR CUSTOMIZED WORKFLOW ASSEMBLY JCVI SUPPORTS ONGOING DEVELOPMENT OF THE COMPREHENSIVE INTEGRATED BV-BRC THROUGH A TEAM OF VIROLOGY, IMMUNOLOGY, BIOINFORMATICS, AND INFORMATION TECHNOLOGY PROFESSIONALS WHO FOCUS ON THE DEVELOPMENT, ENHANCEMENT, AND TRAINING OF THE BV-BRC RESOURCE FOR THE NATIONAL INSTITUTE OF ALLERGY AND INFECTIOUS DISEASES, THEIR SUPPORTED RESEARCHERS, AND THE BROADER INFECTIOUS DISEASE RESEARCH COMMUNITY. INFECTIONS CAUSED BY KLEBSIELLA PNEUMONIAE ARE INCREASINGLY PREVALENT AND DIFFICULT TO TREAT DUE TO INEFFECTIVE TREATMENT OPTIONS DUE TO INCREASED ANTIBIOTIC RESISTANCE. BACTERIOPHAGES, VIRUSES THAT INFECT AND KILL BACTERIA, ARE BEING USED TO EFFECTIVELY TREAT AND CURE INFECTIONS CAUSED BY A NUMBER OF BACTERIAL PATHOGENS. TO ADDRESS THE NEED FOR NEW TREATMENTS FOR WOUND AND PULMONARY INFECTIONS CAUSED BY K. PNEUMONIAE, DR. DERRICK FOUTS TEAM HAS DEVELOPED A 5-PHAGE LEAD CANDIDATE THERAPEUTIC COCKTAIL THAT IS CAPABLE OF INFECTING 53 OF OUR 100-STRAIN TEST PANEL. FUNDED BY THE NATIONAL INSTITUTE OF ALLERGY AND INFECTIOUS DISEASES, THE JCVI, THE WALTER REED ARMY INSTITUTE OF RESEARCH (WRAIR) AND ADAPTIVE PHAGE THERAPEUTICS (APT) WILL OPTIMIZE THE LEAD THERAPEUTIC AND ITS PRODUCTION AS WELL AS CONDUCT THE REQUIRED PREINVESTIGATIONAL NEW DRUG (IND) TESTING AND BENCHMARKING NECESSARY FOR THE SUCCESSFUL SUBMISSION AND REVIEW OF AN IND APPLICATION FOR A PHASE 1 CLINICAL TRIAL. RESEARCH WILL LEVERAGE JCVI'S HISTORY OF SYNTHETIC AND PHAGE GENOMICS, WRAIR'S EXPERIENCE DEVELOPING PHAGE THERAPEUTICS, DEVELOPMENT OF MOUSE MODELS, AND APTS CGMP PRODUCTION CAPABILITIES AND EXPERIENCE WITH PHAGE CLINICAL TRIALS.

Program 2
Expenses: $1,128,103

NATIONAL SCIENCE FOUNDATION CONTINUES TO FUND THE J. CRAIG VENTER INSTITUTE (JCVI) IN THE AREAS OF SYNTHETIC BIOLOGY, INTEGRATIVE ORGANISMAL SYSTEMS CORE PROGRAMS. FUNDED BY THE OFFICE OF...

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NATIONAL SCIENCE FOUNDATION CONTINUES TO FUND THE J. CRAIG VENTER INSTITUTE (JCVI) IN THE AREAS OF SYNTHETIC BIOLOGY, INTEGRATIVE ORGANISMAL SYSTEMS CORE PROGRAMS. FUNDED BY THE OFFICE OF INTERNATIONAL SCIENCE AND ENGINEERING, DR. TAE SEOK MOON, JCVI PROFESSOR LEADS AN INTERNATIONAL CONSORTIUM THROUGH A GLOBAL CENTER TO ADDRESS THE CHALLENGES OF RECALCITRANT WASTE STREAMS BY DEVELOPING INTEGRATED, NOVEL, AND SCALABLE PROCESSES FOR THEIR VALORIZATION, INTEGRATING RESEARCHERS ALL OVER THE WORLD AND FROM ACADEMIA AND INDUSTRY, AND PROVIDING GLOBAL EDUCATION, OUTREACH ACTIVITIES, AND WORKFORCE. GLOBAL CENTERS: CIRCLE: CENTER FOR INNOVATIVE RECYCLING AND CIRCULAR ECONOMY IS SUPORTED BY RESEARCH TEAMS IN THE UNITED STATES, CANADA, UNITED KINGDOM, KOREA, JAPAN, SINGAPORE & AUSTRALIA. THIS CENTER WILL DEVELOP THREE CORE TECHNOLOGIES, INCLUDING (1) MULTI-OMICS-BASED BIOPROSPECTING TO DISCOVER NEW ENZYMES, GENE REGULATORS, AND ORGANISMS FOR WASTE VALORIZATION, (2) PREDICTIVE COMPUTATIONAL APPROACHES TO ENABLE FORWARD ENGINEERING OF PROTEINS AND STRAINS FOR BIOMANUFACTURING, AND (3) TEA, LCA, AND RISK ASSESSMENT TO DEVELOP COMMERCIALLY VIABLE BIOPROCESSES FOR WASTE VALORIZATION. TO DEMONSTRATE THE UTILITY AND GENERALIZABILITY OF THE DEVELOPED CORE TECHNOLOGIES, WE WILL DEVELOP COMMERCIALLY VIABLE VALORIZATION PROCESSES FOR THREE WASTE STREAMS, INCLUDING MIXED PLASTICS, C1 GASES, AND BIOGENIC WASTES (E.G., FOOD, AGRICULTURAL, AND PAPER/CARDBOARD WASTES). IF SUCCESSFUL, THESE HIGH-RISK, HIGH-RETURN CENTER PROJECTS WILL PROVIDE NOVEL WASTE CONVERSION PROCESSES THAT CAN BE CONSIDERED FOR COMMERCIAL-SCALE, SUSTAINABLE BIOPRODUCTION. THIS IS MULTI-YEAR INTERNATIONAL STUDY. THE US CONSORTIUM HAS BEEN FUNDED UPTO $4.9M. NON-US COLLABORATORS HAVE BEEN FUNDED THROUGH RESEARCH AGENCIES WITHIN THEIR OWN COUNTRIES. UNDER THE DIVISION OF MOLECULAR AND CELLULAR BIOSCIENCE AND IN COLLABORATION WITH THE UNIVERSITY OF ILLINOIS MINIMAL BACTERIAL CELL COMPUTATIONAL MODELEING TEAM LED BY ZAIDA LUTHEY-SCHULTEN, JCVI RESEARCHERS LED BY DR. JOHN GLASS, ARE CARRYING OUT TRANSCRIPTOME AND METABLOMIC ANALYSES, BIOCHEMICAL AND GENETIC EXPERIEMENTS TO DISCOVER UNKNOWN GENE FUNCTIONS, OPTIMIZATION OF A MINIMAL CELL DEFINED GROWTH MEDIUM, AND CONSTRCUTION OF MINIMAL CELL MUTATNS TO FACILITATE THE WORK OF JCVI AND OTHER GROUP[S INVESTIGATING MINIMAL CELL BIOLOGY. THIS IS A MULTI-YEAR STUDY WITH COLLABORATIVE FUNDING OF $2.0M (~$0.7M JCVI).LED BY DR. JOHN GLASS, THE JCVI IS INVESTIGATING THE MECHANISM OF GENOME TRANSPLANTATION, DEVELOP GENOME TRANSPLANTATION FOR AT LEAST TWO SPECIES OF NON-MYCOPLASMA BACTERIA, AND USE MICROFLUIDICS TECHNOLOGY TO AUTOMATE AND IMPROVE THE EFFICIENCY OF GENOME TRANSPLANTATION. GENOME TRANSPLANTATION, THE INSERTION OF A COMPLETE BACTERIAL GENOME INTO A SUITABLE RECIPIENT CELL SO THAT THE DONATED GENOME COMMANDEERS THE RECIPIENT CELL TO PRODUCE A NEW CELL WITH THE GENOTYPE AND PHENOTYPE OF THE DONATED GENOME, WAS THE FUNDAMENTAL TECHNICAL DEVELOPMENT THAT ENABLED THE CONSTRUCTION OF THE FIRST BACTERIUM WITH A SYNTHETIC GENOME. AT THE ANNOUNCEMENT OF THE CREATION OF THE WORLD'S FIRST SYNTHETIC CELL, JCVI-SYN1.0, THE WORK WAS HERALDED AS A MAJOR ACCOMPLISHMENT FOR HUMANKIND. TO DATE, GENOME TRANSPLANTATION HAS ONLY BEEN ACHIEVED USING A SMALL SUBSET IF THE ATYPICAL BACTERIA CALLED MYCOPLASMAS. THIS IS A MULTI-YEAR STUDY WITH COLLABORATIVE FUNDING OF $1.0M.

Program 3
Expenses: $2,066,947

JCVI SCIENTISTS HAVE PARTNERED WITH OTHER SCIENTISTS FROM LEADING ACADEMIC CENTERS TO COME TOGETHER TO ANSWER KEY QUESTIONS ABOUT THE ROOT CAUSE OF LONG COVID WHETHER FRAGMENTS OF THE CORONAVIRUS...

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JCVI SCIENTISTS HAVE PARTNERED WITH OTHER SCIENTISTS FROM LEADING ACADEMIC CENTERS TO COME TOGETHER TO ANSWER KEY QUESTIONS ABOUT THE ROOT CAUSE OF LONG COVID WHETHER FRAGMENTS OF THE CORONAVIRUS PERSIST IN THE TISSUES OF PATIENTS. THE LONG COVID RESEARCH INITITATIVE BANDS TOGETHER SCIENTSITS FROM HARVARD UNIBVERSITY, STANFORD UNIVERSITY, THE UNIVERSITY OF CALIFORNIA, SAN FRANCISCO, YALE UNIVERSITY AND THE J. CRAIG VENTER INSTITUTE. THE INITITATIVE IS BACKED BY AN INITITIAL INVESTMENT FROM THE BALVI, A SCIENTIFC INVESTMENT FUND. JCVI FUNDING IS AWARDED THROUGH THE POLYBIO RESEARCH FOUNDATION. RESEARCHERS ARE USING ADVANCED IMAGING AND GENE-SEQUENCING TECHNIQUES LOOKING FOR EVIDENCE OF THE VIRUS IN TISSUES AND ANALYZING ITS AFFECT ON THE IMMUNE SYSTEM. OVER THE LAST FEW YEARS, ADVANCES IN STEM CELL RESEARCH AND SYNTHETIC BIOLOGY HAVE CATALYZED AN EXTRAORDINARY EXPANSION OF ORGANOID TECHNOLOGY THAT IS BRINGING CHANGES TO TRANSLATIONAL MEDICINE, PHARMACEUTICAL RESEARCH, AND STRATEGIES FOR TREATING VARIOUS HUMAN PATHOLOGIES. USING STEM CELLS, ORGANOIDS HAVE BEEN DEVELOPED FOR MULTIPLE ORGANS INCLUDING LIVER, INTESTINE, KIDNEY, BRAIN, STOMACH, SKIN, OVARY, AND LUNG. FUNDED BY THE LARRY L HILLBLOM FOUNDATION, DR. JOHN GLASS IS LEADING A CONSORTIUM OF RESEARCHERS THAT PROPOSE TO DEVELOP ORGANOIDS THAT CAN SERVE AS SURROGATES FOR BETA CELLS, WHICH ARE THE CELLS IN THE HUMAN PANCREAS THAT CONTROL BLOOD GLUCOSE LEVELS BY SYNTHESIZING INSULIN. OUR GOAL IS THAT THESE ORGANOIDS, WHEN IMPLANTED IN TYPE 1 DIABETICS, WILL RESULT IN A BETTER TREATMENT AND BETTER LIVES FOR THOSE PATIENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,879,736
Program Service Revenue $0
Investment Income $1,524,575
Other Revenue $3,172
TOTAL REVENUE $14,407,483

Expense Breakdown

Grants Paid $1,536,818
Salaries & Benefits $12,647,811
Fundraising Expenses $434,753
Program Expenses $8,918,518
Other Expenses $5,420,240
TOTAL EXPENSES $19,604,869

Year-over-Year Comparison

2024 2023 Change
Revenue $14,407,483 $15,132,739 0.0%
Expenses $19,604,869 $21,845,674 -0.1%
Net Income $-5,197,386 $-6,712,935 -0.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
145
Volunteers
7

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
4
$2,106,842
Total Directors
7
$1,595,799
Key Employees
2
$531,696
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VENTER JOHN CRAIG CHAIRMAN & CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$1,190,475 $23,056 $1,213,531
KOWALSKI HEATHER CHIEF OPERATING OFFICER 40.00
Officer Director
$359,212 $23,056 $382,268
WOLF RICHMOND TRUSTEE 1.00
Director
$0 $0 $0
RUGGLES RUDY VICE CHAIRMAN, TRUSTEE 1.00
Director
$0 $0 $0
PERRY MEREDITH TRUSTEE 1.00
Director
$0 $0 $0
BRENNER DAVID TRUSTEE 1.00
Director
$0 $0 $0
BADR-EL-DIN AMIN PHD TRUSTEE 1.00
Director
$0 $0 $0
WARDLE KATHARINE TREASURER,VP OF FINANCE 40.00
Officer
$260,155 $46,857 $307,012
ADELSON JULIE G SECRETARY, VP LEG AFFAIRS 20.00
Officer
$196,807 $7,224 $204,031
PEAKE ANTONY G VP RESEARCH ADMINISTRATION 40.00
Key Emp
$302,196 $13,693 $315,889
VASHEE SANJAY PROFESSOR 40.00
Key Emp
$207,306 $8,501 $215,807
MULLEN JILL SR. VP OF PHILANTHROPY 32.00
Highest
$281,793 $36,768 $318,561
YUMUL MARY C VP OF HUMAN RESOURCES 40.00
Highest
$252,063 $42,075 $294,138
STAYEAS TIMOTHY V NETWORK TEAM LEAD 40.00
Highest
$212,799 $37,870 $250,669
FOUTS DERRICK PROFESSOR 40.00
Highest
$214,560 $8,512 $223,072
SINGH INDRESH DIRECTOR, INFORMATICS 40.00
Highest
$206,595 $37,301 $243,896
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
2024 $14,407,483 $19,604,869 $39,462,295 $-5,197,386
2023 $15,132,739 $21,845,674 $48,982,028 $-6,712,935
2022 $1,132,512 $23,314,207 $56,307,767 $-22,181,695
2021 $25,447,926 $28,664,058 $93,744,354 $-3,216,132
2020 $17,928,609 $30,374,779 $100,269,815 $-12,446,170
2019 $23,789,454 $37,425,762 $108,987,608 $-13,636,308
2018 $45,203,090 $38,811,503 $117,806,544 $6,391,587
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