SOUTHERN RESEARCH INSTITUTE

EIN: 630288868 501(c)(3) Science & Technology

BIRMINGHAM, AL

Total Revenue
$50,381,130
Total Expenses
$49,830,156
Total Assets
$238,738,191
Net Assets
$181,572,257
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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
AL
Principal Officer
ALAN SPEAR
Phone
2055812000
Tax Period
2024-01-01 to 2024-12-31

SOUTHERN RESEARCH INSTITUTE, founded in 1941, is a mid-sized nonprofit in the Science & Technology sector that reported $50.4M in total revenue in fiscal year 2024. Net assets of $181.6M represent 43 months of operating reserves.

Mission

TO OFFER RESEARCH AND TECHNOLOGY SERVICES TO SUPPORT THE LIFE SCIENCES, ENERGY, AND ENVIRONMENTAL PROTECTION INDUSTRIES. THE ORGANIZATION PURSUES ENTREPRENEURIAL AND COLLABORATIVE INITIATIVES TO DEVELOP AND MAINTAIN A PIPELINE OF INTELLECTUAL PROPERTY AND INNOVATIVE TECHNOLOGIES THAT CONTRIBUTE TO THE GROWTH OF THE ORGANIZATION AND POSITIVELY IMPACT REAL-WORLD PROBLEMS.

Program Service Accomplishments

Program 1
Expenses: $17,663,118 Revenue: $15,335,738

SCIENTIFIC PLATFORMS HAS ACCOMPLISHED INNOVATIVE RESEARCH IN THE AREAS OF CANCER, INFECTIOUS DISEASE, AND NEUROSCIENCE. WITH A FOCUS ON THE DISCOVERY OF NEW, SMALL-MOLECULE THERAPEUTICS AND THE...

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SCIENTIFIC PLATFORMS HAS ACCOMPLISHED INNOVATIVE RESEARCH IN THE AREAS OF CANCER, INFECTIOUS DISEASE, AND NEUROSCIENCE. WITH A FOCUS ON THE DISCOVERY OF NEW, SMALL-MOLECULE THERAPEUTICS AND THE UNDERSTANDING OF HOW THESE MOLECULES WORK, DRUG DISCOVERY CARRIES OUT TRANSLATIONAL SCIENCE DESIGNED TO INVENT SMALL MOLECULES AND ADVANCE THEM FROM THE DESIGN STAGE TO THE CLINIC. GOVERNMENT FUNDING SUPPORTS OUR EFFORTS IN PIONEERING NEW SCIENTIFIC AREAS OF DRUG DISCOVERY. THE SCIENTIFIC PLATFORMS' STAFF PROVIDES EXPERTISE IN MEDICINAL CHEMISTRY, MOLECULAR BIOLOGY, BIOCHEMISTRY, AND HIGH-THROUGHPUT SCREENING TECHNOLOGIES, ALL FOCUSED ON MAKING DISCOVERIES THAT WILL CONTRIBUTE TO IMPROVING HUMAN HEALTH. THE SCIENTIFIC PLATFORMS' TEAM HAS BEEN VERY EFFECTIVE IN ITS EFFORTS AND HAS DISCOVERED MORE THAN 20 DRUGS THAT HAVE ENTERED CLINICAL TRIALS AND SIX DRUGS THAT HAVE BEEN APPROVED BY THE FDA FOR USE IN THE TREATMENT OF CANCER.

Program 2
Expenses: $13,835,296 Revenue: $12,012,287

CRO SERVICES PROVIDES DRUG DISCOVERY AND PRE-CLINICAL DRUG DEVELOPMENT TO PHARMACEUTICAL AND BIOTECHNOLOGY ON AN OUTSOURCED BASIS. SOUTHERN RESEARCH INSTITUTE HAS CAPABILITIES IN ALL PHASES OF THE...

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CRO SERVICES PROVIDES DRUG DISCOVERY AND PRE-CLINICAL DRUG DEVELOPMENT TO PHARMACEUTICAL AND BIOTECHNOLOGY ON AN OUTSOURCED BASIS. SOUTHERN RESEARCH INSTITUTE HAS CAPABILITIES IN ALL PHASES OF THE EARLY-STAGE DRUG DISCOVERY AND DEVELOPMENT PROCESS AND PROVIDES CLIENTS WITH COMPREHENSIVE SERVICES AND SUPPORT TO ASSIST THEM IN STREAMLINING THEIR CUSTOM DRUG DISCOVERY AND DEVELOPMENT PROGRAMS. SOME OF SOUTHERN RESEARCH INSTITUTE'S SIGNIFICANT PRE-CLINICAL RESEARCH ACCOMPLISHMENTS INCLUDE: DEMONSTRATED THE EFFICACY OF COMBINATION CHEMOTHERAPY IN MICE, LEADING THE WAY FOR THE DEVELOPMENT OF THERAPEUTIC APPROACHES WITH IMPROVED CLINICAL OUTCOMES IN CERTAIN CANCERS, PERFORMED PRE-CLINICAL DRUG DEVELOPMENT EVALUATIONS AND ANALYSES ON APPROXIMATELY HALF OF THE FDA-APPROVED CANCER THERAPEUTICS CURRENTLY ON THE MARKET, AND CONTRIBUTED TO THE DEVELOPMENT OF THE FIRST DRUG DELIVERY TECHNOLOGY FOR THE EXTENDED RELEASE OF SYNTHETIC AGENTS THAT PROMOTE THE TREATMENT OF PROSTATE CANCER.

Program 3
Expenses: $666,467 Revenue: $578,650

SOUTHERN RESEARCH'S STEM EDUCATION OUTREACH PROGRAM IS INVOLVED IN A WIDE VARIETY OF PROGRAMS THAT IMPACT STUDENTS AND TEACHERS IN ALABAMA. THE MISSION OF SR'S STEM PROGRAM IS TO ENHANCE 6TH THROUGH...

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SOUTHERN RESEARCH'S STEM EDUCATION OUTREACH PROGRAM IS INVOLVED IN A WIDE VARIETY OF PROGRAMS THAT IMPACT STUDENTS AND TEACHERS IN ALABAMA. THE MISSION OF SR'S STEM PROGRAM IS TO ENHANCE 6TH THROUGH 12TH GRADE STEM EDUCATION BY DRAWING UPON THE EXPERTISE AND SCHOLARLY CONTRIBUTIONS OF THE SOUTHERN RESEARCH COMMUNITY. WE AIM TO DEFINE AND EXEMPLIFY EFFECTIVE STEM EDUCATION TO MAXIMIZE STUDENTS' READINESS TO EXCEL IN A RAPIDLY CHANGING WORLD. WE ARE WORKING TO ACHIEVE OUR EDUCATION MISSION BY ENGAGING STUDENTS AND TEACHERS IN STEM ACTIVITIES THROUGH SUMMER LEARNING PROGRAMS, FIELD TRIPS, AFTER-SCHOOL PROGRAMING, STEM COMPETITIONS AND SCIENCE FAIRS, INTERNSHIPS, AND PROFESSIONAL DEVELOPMENT WORKSHOPS FOR STEM EDUCATORS. OUR PRIMARY OBJECTIVE IS TO EMBOLDEN STUDENTS WHO POSSESS A PASSION FOR INNOVATION AND DISCOVERY TO PURSUE THEIR INTERESTS AND STRENGTHEN THE STEM COMMUNITY. SOUTHERN RESEARCH IS COMMITTED TO FOSTERING CREATIVITY AND IMPACTING THE FUTURE GENERATION.

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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 $14,326,793
Program Service Revenue $30,295,807
Investment Income $4,318,137
Other Revenue $1,440,393
TOTAL REVENUE $50,381,130

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,783,624
Fundraising Expenses $0
Program Expenses $34,893,555
Other Expenses $25,046,532
TOTAL EXPENSES $49,830,156

Year-over-Year Comparison

2024 2023 Change
Revenue $50,381,130 $49,759,960 +0.0%
Expenses $49,830,156 $55,964,770 -0.1%
Net Income $550,974 $-6,204,810 -1.1%
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
14
Independent Members
10
Employees
267
Volunteers
10

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
$2,365,610
Total Directors
16
$3,272,888
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SID J TRANT INTERIM DIRECTOR 1.00
Director
$0 $91,451 $900,706
ABISHEK KULSHRESHTHA CHIEF BUSINESS OFFICER (THRU 3/24) 40.00
Director
$144,437 $4,669 $149,106
FINIS ST JOHN VI DIRECTOR (THRU 4/24) 1.00
Director
$0 $51,413 $580,377
RAY WATTS CHAIRMAN 1.00
Director
$0 $95,387 $809,164
CHRISTOPHER S BROWN PHD DIRECTOR 1.00
Director
$0 $101,260 $525,178
ANUPAM AGARWAL DIRECTOR 1.00
Director
$0 $61,356 $308,357
REGINA BENJAMIN DIRECTOR 1.00
Director
$0 $0 $0
MIKE BROCK DIRECTOR 1.00
Director
$0 $0 $0
BOBBIE KNIGHT DIRECTOR 1.00
Director
$0 $0 $0
JAMEY MCMAHON DIRECTOR 1.00
Director
$0 $0 $0
GENE RUFFNER PAGE JR VICE CHAIRMAN 1.00
Director
$0 $0 $0
JEFFREY PEOPLES DIRECTOR 1.00
Director
$0 $0 $0
SCOTT PHELPS DIRECTOR 1.00
Director
$0 $0 $0
KEN SIMON DIRECTOR 1.00
Director
$0 $0 $0
LEE STYSLINGER III DIRECTOR 1.00
Director
$0 $0 $0
NEEL VARSHNEY DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA CARPENTER PRESIDENT AND CEO (THRU 12/24) 40.00
Officer
$412,848 $32,413 $445,261
CORRINE AUGELLI-SZAFRAN VP SCIENTIFIC PLATFORMS 40.00
Officer
$291,552 $4,826 $296,378
DAVID RUTLEDGE SENIOR ADVISOR OF FINANCE 40.00
Officer
$253,474 $32,634 $286,108
MONICA W MASON INTERIM VP CRO SERVICES 40.00
Officer
$238,113 $41,238 $279,351
RICARDO BRITO CHIEF OF STAFF 40.00
Officer
$187,879 $13,918 $201,797
HARRY LEDEBUR JR CHIEF OPERATING OFFICER 40.00
Officer
$232,271 $30,500 $262,771
ANNA BRANTLEY FRY VP OF PEOPLE AND COMMUNITY (THRU 6/24) 40.00
Officer
$211,854 $19,615 $231,469
RAY COLEMAN LOPER INTERIM CEO & CFO 32.00
Officer
$104,434 $116 $104,550
LESTER SMITH JR CHIEF FINANCIAL OFFICER (THRU 6/24) 40.00
Officer
$227,390 $30,535 $257,925
OLIVER HAMPTON CHIEF DATA OFFICER 40.00
Highest
$383,042 $33,700 $416,742
KHALILAH BROWN CHIEF MEDICAL OFFICER 40.00
Highest
$247,279 $39,834 $287,113
MARIANNE P NURRE SR. CONTROLLER 40.00
Highest
$201,521 $31,547 $233,068
JENNIFER PICKENS DIRECTOR OF INFECTIOUS DISEASE 40.00
Highest
$194,308 $28,552 $222,860
FUSATAKA KOIDE DIRECTOR OF BUSINESS DEVELOPMENT 40.00
Highest
$241,585 $34,283 $275,868
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 $50,381,130 $49,830,156 $238,738,191 $550,974
2023 $49,759,960 $55,964,770 $242,110,174 $-6,204,810
2022 $149,651,608 $57,118,873 $211,179,645 $92,532,735
2021 $85,654,710 $77,111,881 $124,270,036 $8,542,829
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