Nonprofit · EIN 11-2673595
THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH
Tax-exempt · WESTBURY, NY 11590
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $163,308,471 | $163,279,325 | $29,146 | $229,331,844 | $53,331,635 | $176,000,209 |
| December 31, 2023 | 990 | $152,772,247 | $150,884,033 | $1,888,214 | $222,810,628 | $50,017,377 | $172,793,251 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $141,059,017
- of which government grants
- $55,569,442
- Program service revenue
- $14,506,430
- Investment income
- $4,944,064
- Net rental income
- $46,995
- Net gain from sales of assets
- $2,929,397
- Other revenue
- $2,798,960
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,721,584
- Other salaries and wages
- $88,506,465
- Salaries, compensation and benefits (total)
- $118,781,702
- Professional fundraising fees
- $0
- Legal fees
- $110,580
- Occupancy
- $4,056,585
- Travel
- $830,070
- Depreciation
- $7,367,783
- Program services (functional)
- $142,885,557
- Management and general (functional)
- $12,738,531
- Fundraising (functional)
- $7,655,237
Balance sheet and other
- Total assets, start of year
- $222,810,628
- Total assets, end of year
- $229,331,844
- Total liabilities, end of year
- $53,331,635
- Net assets, end of year
- $176,000,209
- Land, buildings and equipment
- $67,107,322
- Publicly traded securities
- $61,078,430
- Net assets without donor restrictions
- $10,941,821
- Net assets with donor restrictions
- $165,058,388
- Gross unrelated business income
- $3,965,799
- Gross receipts
- $203,685,286
- Employees
- 700
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHELE CUSACK | EVP & CFO Officer | 0 | $0 | $1,904,871 | $85,322 |
| KEVIN TRACEY | President Trustee or director, Officer | 50 | $1,723,661 | $0 | $85,392 |
| LAURENCE KRAEMER | EVP, General Counsel & Asst Se Officer | 0 | $0 | $1,607,684 | $69,777 |
| RALPH NAPPI | Chairman Emeritus Officer | 0 | $0 | $997,705 | $69,731 |
| PING WANG | Chief Scientific Officer Officer | 50 | $997,923 | $0 | $54,141 |
| BETTY DIAMOND | Center Head/Autoimmune Disease Highest-paid employee | 50 | $744,926 | $0 | $54,164 |
| CHAD BOUTON | VP, Advanced Engineering Highest-paid employee | 50 | $654,833 | $0 | $85,322 |
| CHRISTINA BRENNAN | SVP, Clinical Research Highest-paid employee | 50 | $663,033 | $0 | $38,550 |
| DOUGLAS NIXON | Karches Family Chair in Transl Highest-paid employee | 50 | $628,413 | $0 | $55,465 |
| CATHERINE ALFANO | VP, Cancer Care Mgmt & Rsch Highest-paid employee | 50 | $630,068 | $0 | $38,550 |
| BARBARA HRBEK ZUCKER | Chairwoman Emeritus Trustee or director, Officer | 0 | $0 | $0 | $0 |
| LEWIS RANIERI | Co-Chairman Trustee or director, Officer | 0 | $0 | $0 | $0 |
| SCOTT RECHLER | Co-Chairman Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JACK ROSS | Vice Chairman Trustee or director, Officer | 0 | $0 | $0 | $0 |
| ROBERT CATELL | Treasurer Trustee or director, Officer | 0 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN CLASTER | Secretary Trustee or director, Officer | 0 | $0 |
| NON COMPENSATED TRUSTEES | SEE SCHEDULE O Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL DOWLING | Trustee/Pres Northwell Trustee or director | 0 | $0 | $8,971,932 | $70,612 |
| DAVID BATTINELLI | Trustee/EVP Northwell Trustee or director | 0 | $0 | $1,736,272 | $78,569 |
| LAWRENCE SMITH | Trustee/EVP Northwell Trustee or director | 0 | $0 | $1,745,587 | $57,990 |
| MICHELE CUSACK | EVP & CFO Officer | 0 | $0 | $1,617,951 | $78,507 |
| KEVIN TRACEY | President Trustee or director, Officer | 50 | $1,567,128 | $0 | $78,569 |
| LAURENCE KRAEMER | EVP, General Counsel & Asst Se Officer | 0 | $0 | $1,302,865 | $69,888 |
| ANDREW YACHT | Trustee/SVP Northwell Trustee or director | 0 | $0 | $1,241,819 | $78,507 |
| BRIAN LALLY | SVP, Chief Development Officer Officer | 0 | $0 | $1,008,232 | $64,637 |
| RALPH NAPPI | Chairman Emeritus Officer | 0 | $0 | $972,189 | $64,637 |
| PING WANG | SVP/Chief Scientific Officer Officer | 50 | $932,626 | $0 | $50,769 |
| CHAD BOUTON | VP, Advanced Engineering Highest-paid employee | 50 | $622,087 | $0 | $78,507 |
| YOUSEF AL ABED | VP, Molecular Targets Highest-paid employee | 50 | $593,893 | $0 | $78,507 |
| CHRISTINA BRENNAN | SVP, Clinical Research Highest-paid employee | 50 | $630,156 | $0 | $36,900 |
| BETTY DIAMOND | Center Head/Autoimmune Disease Highest-paid employee | 50 | $604,579 | $0 | $50,790 |
| CATHERINE ALFANO | VP, Cancer Care Mgmt & Rsch Highest-paid employee | 50 | $605,374 | $0 | $36,900 |
| BARBARA HRBEK ZUCKER | Chairwoman Emeritus Trustee or director, Officer | 0 | $0 | $0 | $0 |
| LEWIS RANIERI | Co-Chairman Trustee or director, Officer | 0 | $0 | $0 | $0 |
| SCOTT RECHLER | Co-Chairman Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JACK ROSS | Vice Chairman Trustee or director, Officer | 0 | $0 | $0 | $0 |
| ROBERT CATELL | Treasurer Trustee or director, Officer | 0 | $0 | $0 | $0 |
| SUSAN CLASTER | Secretary Trustee or director, Officer | 0 | $0 | $0 | $0 |
| NON COMPENSATED TRUSTEES | SEE SCHEDULE O Trustee or director | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 972 BRUSH HOLLOW RD 5TH FL, WESTBURY, NY 11590-1740
- In care of
- % NORTHWELL HEALTH INC
- Principal officer (990 for 2024)
- MICHAEL J DOWLING, 2000 MARCUS AVENUE, NEW HYDE PARK, NY 11042
- Signed the 990
- Michele L Cusack, EVP & CFO
- Phone
- (516) 321-6058
- Website
- NORTHWELL.EDU
Mission
THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH ("THE INSTITUTE") IS THE RESEARCH BRANCH OF NORTHWELL HEALTH ("NORTHWELL"). THROUGH ITS AFFILIATION WITH NORTHWELL, THE INSTITUTE'S MISSION IS TO BRIDGE THE GAP BETWEEN BIOMEDICAL RESEARCH AND PATIENT CARE, ACCESSING HUNDREDS OF THOUSANDS OF PATIENTS IN NORTHWELL'S VARIOUS HOSPITALS, LONG-TERM CARE FACILITIES, TRAUMA CENTERS, HOME HEALTH AGENCIES AND OUTPATIENT FACILITIES. INSTITUTE SCIENTISTS COLLABORATE WITH CLINICIANS THROUGHOUT NORTHWELL TO SHED LIGHT ON BASIC BIOLOGICAL PROCESSES UNDERLYING DISEASE. THIS KNOWLEDGE IS USED TO DEVELOP NEW THERAPIES AND DIAGNOSTICS.
Program accomplishments
- The Feinstein Institute for Medical Research conducts direct continuous active medical research in the areas of molecular biology, biostatistics, electron microscopy, nuclear physics molecular genetics, molecular immunology, animal facility, pediatrics, Gastrointestinal biochemical and PET/Cyclotron activities.Expenses $142,885,557 · revenue $14,506,430
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2673595
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H900)
- Assets (IRS master file)
- $229,331,844
- Income (IRS master file)
- $203,685,286
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $163,308,471 | $163,279,325 | $229,331,844 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $152,772,247 | $150,884,033 | $222,810,628 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $136,817,092 | $137,105,516 | $210,719,887 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2673595).
Questions about THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH
- What is the EIN of THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH?
- The employer identification number (EIN) of THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH is 11-2673595.
- Is THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH?
- The 990 for the year ended December 31, 2024 names MICHAEL J DOWLING.
- Who are the officers and directors of THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH?
- The 990 for the year ended December 31, 2024 lists 17 people; 7 received compensation from the organization.
- How much revenue does THE FEINSTEIN INSTITUTE FOR MEDICAL RESEARCH have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $163,308,471, expenses of $163,279,325 and total assets of $229,331,844 at year end.
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