Public Charity

THE MORGRIDGE INSTITUTE FOR RESEARCH INC

THE MORGRIDGE INSTITUTE FOR RESEARCH INC is a Public Charity headquartered in MADISON, WI. Financial data from the 2025 filing: $78.4M revenue, $37.3M expenses, $81.2M total assets. 44 publicly reported grants to this organization, totaling roughly $432.7M, appear in IRS filings.

EIN: 208325570 MADISON, WI Hospitals NTEE: E20 Latest filing: 2025
Total Revenue$78.4M
Total Expenses$37.3M
Total Assets$81.2M
Grant Records44
Funding Total$432.7M
Filing Years2020–2025

Mission

OUR MISSION IS TO IMPROVE HUMAN HEALTH BY CONDUCTING, ENABLING AND TRANSLATING INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL RESEARCH IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN-MADISON AND OTHERS, BY LEVERAGING OUR COLLECTIVE STRENGTH IN RESEARCH AND EDUCATION.OUR VISION IS TO SOLVE MAJOR CHALLENGES TO HUMAN HEALTH BY SERVING AS AN INTERDISCIPLINARY RESEARCH CENTER AND COLLABORATIVE HUB THAT ENABLES INVESTIGATORS TO ADDRESS AND ANSWER FUNDAMENTAL BIOMEDICAL QUESTIONS.WE ENVISION USING OUR PRIVATE STATUS AND STREAMLINED ORGANIZATIONAL STRUCTURE TO RESPOND NIMBLY TO EMERGING OPPORTUNITIES. IN PARTNERSHIP WITH AN OUTSTANDING PUBLIC RESEARCH UNIVERSITY WE WILL SYNERGISTICALLY ENHANCE OUR COLLECTIVE STRENGTHS.THROUGH COMMUNITY ENGAGEMENT WE WILL PROMOTE BETTER UNDERSTANDING OF THE HEALTH BENEFITS OF BIOMEDICAL RESEARCH.

Where $100 goes at The Morgridge Institute for Research Inc

How The Morgridge Institute for Research Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$88 Programs the work itself
$11 Management running the organization
$1 Fundraising raising the next dollar

Inside the $88 for programs

$25
Biomedical imaging
28% of program spending
$20
Regenerative biology
23% of program spending
$14
Virology
15% of program spending

Plus 4 more programs. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CEO/TRUSTEE Brad Schwartz
CHIEF COMMUNICATIONS OFF./SECRETARY Brian Mattmiller
FORMER TRUSTEE Deborah Keller
CONTROLLER Doug Eklund
TRUSTEE Eric Morgridge
TRUSTEE Erik Iverson

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$102,478,370 7 grants
Health & Medicine
$7,271,201 6 grants
Research & Policy
$887,105 12 grants
General Support
$229,290 11 grants
Unspecified
$321,870,923 8 grants

Financial Trends

Year Revenue Expenses Assets
2025 $78.4M $37.3M $81.2M
2024 $33.6M $32.3M $88.4M
2023 $26.2M $28.1M $87.1M
2021 $29.4M $27.5M $37.2M
2020 $31.9M $32.5M $32.7M

Between 2020 and 2025, reported annual revenue grew from $31.9M to $78.4M (+145%), with total assets most recently reported at $81.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE MORGRIDGE INSTITUTE FOR RESEARCH INC

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