Foundation for the National Institutes of Health Inc

EIN: 521986675 501(c)(3) Medical Research

North Bethesda, MD

Total Revenue
$60,965,788
Total Expenses
$69,644,743
Total Assets
$206,113,368
Net Assets
$193,536,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MD
Phone
3014025311
Tax Period
2023-01-01 to 2023-12-31

Foundation for the National Institutes of Health Inc, founded in 1996, is a mid-sized nonprofit in the Medical Research sector that reported $61.0M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $69.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

The Foundation for the National Institutes of Health (FNIH) builds public-private partnerships that connect leading biomedical scientists at the National Institutes of Health (NIH) with their counterparts in life sciences companies, academia, patient organizations, foundations, and regulatory agencies (including the Food and Drug Administration and European Medicines Agency). Through team science, the FNIH solves complex health challenges and accelerates breakthroughs for patients, regardless of who they are or what health threats they face. The FNIH contributes to the development of new therapies, diagnostics, and potential cures; advances global health and equity in care; and celebrates and helps train the next generations of scientists. Established by Congress in 1990 to support the mission of the NIH, the FNIH is a not-for-profit 501(c)(3) charitable organization. For more information about the FNIH, please visitfnih.org.

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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 $56,092,197
Program Service Revenue $50,000
Investment Income $4,762,392
Other Revenue $61,199
TOTAL REVENUE $60,965,788

Expense Breakdown

Grants Paid $20,270,897
Salaries & Benefits $16,465,315
Fundraising Expenses $218,308
Program Expenses $59,604,715
Other Expenses $32,908,531
TOTAL EXPENSES $69,644,743

Year-over-Year Comparison

2023 2022 Change
Revenue $60,965,788 $70,585,199 -0.1%
Expenses $69,644,743 $77,418,110 -0.1%
Net Income $-8,678,955 $-6,832,911 +0.3%
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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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
21
Independent Members
20
Employees
107
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
1
$657,029
Total Directors
21
$657,029
Key Employees
7
$2,473,659
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chief Executive Officer 40.0
Officer Director
$613,755 $43,274 $657,029
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Vice-Chairman 0.5
Director
$0 $0 $0
N/A Chairman 1.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Secretary 1.0
Director
$0 $0 $0
N/A Treasurer 2.0
Director
$0 $0 $0
N/A Senior Vice President, Chief Growth and Innovation Officer 40.0
Key Emp
$400,911 $40,224 $441,135
N/A Chief Strategy and Business Development (UNTIL NOV.) 40.0
Key Emp
$375,609 $39,802 $415,411
N/A Senior Vice President, Chief Financial Officer 40.0
Key Emp
$289,166 $40,393 $329,559
N/A Senior Vice President, Chief Translational Science Officer 40.0
Key Emp
$324,692 $39,943 $364,635
N/A Chief Strategic Alliances and Advancement Officer (UNTIL NOV.) 40.0
Key Emp
$180,943 $17,503 $198,446
N/A Senior Vice President, Chief Operating Officer and General Counsel 40.0
Key Emp
$283,492 $37,823 $321,315
N/A Senior Vice President, Chief Population Health Science Officer 40.0
Key Emp
$368,742 $34,416 $403,158
N/A Associate Vice President, Science Partnerships Translational Science 40.0
Highest
$236,430 $27,203 $263,633
N/A Vice President -Controller 40.0
Highest
$231,174 $32,796 $263,970
N/A Vice President of Advancement (UNTIL NOV.) 40.0
Highest
$220,316 $20,295 $240,611
N/A Associate Vice President, Science Partnerships Translational Science 40.0
Highest
$258,208 $28,555 $286,763
N/A Associate Vice President, Science Partnerships Translational Science 40.0
Highest
$240,048 $33,223 $273,271
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 No data No data No data No data
2023 $60,965,788 $69,644,743 $206,113,368 $-8,678,955
2022 $70,585,199 $77,418,110 $216,582,542 $-6,832,911
2021 $107,605,691 $58,402,636 $221,939,759 $49,203,055
2020 $100,179,822 $58,654,356 $171,939,741 $41,525,466
2019 $53,818,891 $67,424,608 $135,541,703 $-13,605,717
2018 $63,457,296 $42,192,912 $142,893,974 $21,264,384
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