Nonprofit · EIN 82-1808476
GATES MEDICAL RESEARCH INSTITUTE
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $132,834,027 | $341,131,798 | -$208,297,771 | $613,229,640 | $66,523,963 | $546,705,677 |
| December 31, 2023 | 990 | $809,459,647 | $189,613,154 | $619,846,493 | $816,974,806 | $61,971,358 | $755,003,448 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $131,916,618
- Program service revenue
- $0
- Investment income
- $857,443
- Other revenue
- $59,966
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,802,067
- Other salaries and wages
- $45,109,082
- Salaries, compensation and benefits (total)
- $66,369,145
- Professional fundraising fees
- $0
- Legal fees
- $1,838,992
- Accounting fees
- $62,288
- Occupancy
- $5,540,645
- Travel
- $2,926,968
- Depreciation
- $1,798,348
- Program services (functional)
- $323,323,996
- Management and general (functional)
- $17,807,802
Balance sheet and other
- Total assets, start of year
- $816,974,806
- Total assets, end of year
- $613,229,640
- Total liabilities, end of year
- $66,523,963
- Net assets, end of year
- $546,705,677
- Land, buildings and equipment
- $26,409,161
- Net assets without donor restrictions
- $546,705,677
- Gross receipts
- $132,834,027
- Employees
- 175
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- WA
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 |
|---|---|---|---|---|---|
| TREVOR MUNDEL | DIRECTOR, BOARD CHAIR Trustee or director | 3 | $0 | $1,396,369 | $70,079 |
| CAROLYN AINSLIE | DIRECTOR Trustee or director | 2 | $0 | $1,025,020 | $84,312 |
| MICHAEL DUNNE | CHIEF MEDICAL OFFICER (END 12/24) Key employee | 40 | $812,206 | $0 | $97,835 |
| HARISH KAUSHAL | TREASURER Officer | 40 | $712,706 | $0 | $94,217 |
| DEBRA WEISS | CHIEF OPERATING OFFICER Key employee | 40 | $690,828 | $0 | $82,224 |
| TONI HOOVER | DIRECTOR Trustee or director | 2 | $0 | $642,426 | $82,364 |
| JARED SILVERMAN | HEAD OF TRANSLATIONAL DISCOVERY Highest-paid employee | 40 | $573,001 | $0 | $96,604 |
| PATRICE MATCHABA | CHIEF EXECUTIVE OFFICER (START 6/24) Officer | 40 | $584,380 | $0 | $68,114 |
| PIPER TRELSTAD | HEAD OF CHEM, MANUFAC, & CONTROLS Key employee | 40 | $548,565 | $0 | $94,178 |
| CHARLES WELLS | HEAD OF THERAPEUTICS DEVELOPMENT Highest-paid employee | 40 | $523,132 | $0 | $80,412 |
| ALEXANDER SCHMIDT | HEAD OF DEVELOPMENT Highest-paid employee | 40 | $496,301 | $0 | $94,974 |
| MARLA CURRAN | HEAD OF BIOSTATISTICS & DATA SCIENCE Highest-paid employee | 40 | $480,102 | $0 | $95,424 |
| GAGANDEEP KANG | DIRECTOR Trustee or director | 2 | $0 | $501,273 | $68,783 |
| CLAIRE WAGNER | HEAD OF CORP STRAT & MKT ACCESS Highest-paid employee | 40 | $463,437 | $0 | $98,597 |
| SALLY JENNINGS | SECRETARY Officer | 40 | $446,414 | $0 | $78,307 |
2 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EMILIO EMINI | CHIEF EXECUTIVE OFFICER (END 6/24) Officer | 40 | $427,377 | $0 | $64,716 |
| HELENE MADONICK | DIRECTOR (END 12/24) Trustee or director | 2 | $0 | $16,636 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TREVOR MUNDEL | DIRECTOR, BOARD CHAIR Trustee or director | 3 | $0 | $1,349,206 | $75,958 |
| CAROLYN AINSLIE | DIRECTOR Trustee or director | 2 | $0 | $976,547 | $78,876 |
| EMILIO EMINI | CHIEF EXECUTIVE OFFICER Officer | 40 | $825,711 | $0 | $74,069 |
| MICHAEL DUNNE | CHIEF MEDICAL OFFICER, HEAD OF DEVELOPMENT Key employee | 40 | $763,134 | $0 | $92,474 |
| DEBRA WEISS | CHIEF OPERATING OFFICER Key employee | 40 | $629,417 | $0 | $77,773 |
| PIPER TRELSTAD | HEAD OF CHEMISTRY, MANUFACTURING & CONTROLS Key employee | 40 | $589,718 | $0 | $88,698 |
| TONI HOOVER | DIRECTOR Trustee or director | 2 | $0 | $588,080 | $78,033 |
| MAHENDRA PATTNI | TREASURER (END 11/28/2023) Officer | 40 | $535,156 | $0 | $89,346 |
| JARED SILVERMAN | HEAD OF TRANSLATIONAL DISCOVERY Key employee | 40 | $509,658 | $0 | $90,628 |
| JAMES HULEATT | BIOASSAY DEVELOPMENT LEAD Highest-paid employee | 40 | $497,303 | $0 | $85,390 |
| CHARLES WELLS | HEAD OF THERAPEUTICS DEVELOPMENT Highest-paid employee | 40 | $496,164 | $0 | $76,056 |
| ALEXANDER SCHMIDT | HEAD OF VACCINE DEVELOPMENT Highest-paid employee | 40 | $479,216 | $0 | $90,501 |
| MARLA CURRAN | HEAD OF BIOSTATISTICS & DATA SCIENCE Highest-paid employee | 40 | $462,582 | $0 | $91,298 |
| LUISA STAMM | CLINICAL DEVELOPMENT LEADER Highest-paid employee | 40 | $463,616 | $0 | $86,031 |
| SALLY JENNINGS | SECRETARY Officer | 40 | $426,910 | $0 | $81,699 |
| GAGANDEEP KANG | DIRECTOR (START 10/18/2023) Trustee or director | 2 | $0 | $427,636 | $60,196 |
| TARYN ROGALSKI-SALTER | HEAD OF GLOBAL REGULATORY STRATEGY Former | 0 | $351,238 | $0 | $48,423 |
| HARISH KAUSHAL | TREASURER (START 11/28/2023) Officer | 40 | $127,240 | $0 | $23,575 |
| HELENE MADONICK | DIRECTOR Trustee or director | 2 | $0 | $983 | $0 |
Address and contacts
- Address (IRS master file)
- ONE KENDALL SQ BLDG 600 NO 6-301, CAMBRIDGE, MA 02139-1562
- In care of
- % TAMARA L WATTS
- Principal officer (990 for 2024)
- HARISH KAUSHAL, ONE KENDALL SQ BLDG 600 6-301, CAMBRIDGE, MA 02139
- Signed the 990
- HARISH KAUSHAL, TREASURER
- Phone
- (857) 702-2108
- Website
- WWW.GATESMRI.ORG
- Return prepared by
- DELOITTE TAX LLP
Mission
THE GATES MRI ENGAGES DIRECTLY IN THE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS FOR THE PURPOSE OF ADDRESSING MAJOR CAUSES OF ILLNESS AND DEATH IN LOW-AND LOWER-MIDDLE-INCOME COUNTRIES.
Program accomplishments
- GATES MEDICAL RESEARCH INSTITUTE ("GATES MRI") IS ALIGNED WITH THE PURPOSE OF THE GATES FOUNDATION AND GUIDED BY THE VISION THAT EVERY PERSON DESERVES THE OPPORTUNITY TO LEAD A HEALTHY AND PRODUCTIVE LIFE. THE GATES MRI IS DEDICATED TO THE RESEARCH, DEVELOPMENT, AND EFFECTIVE USE OF NOVEL BIOMEDICAL INTERVENTIONS ADDRESSING SUBSTANTIAL GLOBAL HEALTH CONCERNS FOR WHICH THE REQUIRED DEVELOPMENT INVESTMENT BY TRADITIONAL BIOPHARMACEUTICAL ORGANIZATIONS IS LACKING. THE GATES MRI WORKS WITH COLLABORATING PARTNERS AND ORGANIZATIONS, COORDINATING AND DRIVING BIOPHARMACEUTICAL RESEARCH AND DEVELOPMENT ACTIVITIES, INCLUDING PRE-CLINICAL DEVELOPMENT AND CLINICAL DEVELOPMENT. IN ADDITION TO THE TUBERCULOSIS WORK NOTED IN 4(B) THE MRI FOCUSES ON PROGRAMS AIMED AT REDUCING THE BURDEN OF MALARIA, DIARRHEAL DISEASES, AND MATERNAL, NEWBORN, AND CHILD ILLNESSES WORLDWIDE.Expenses $118,926,239
- THE GATES MRI'S LARGEST PROGRAM AREA FOCUSES ON REDUCING THE BURDEN OF TUBERCULOSIS THROUGH THE RESEARCH AND DEVELOPMENT OF NOVEL THERAPEUTICS AND VACCINE CANDIDATES, INCLUDING THROUGH THE CONDUCT OF CLINICAL TRIALS.Expenses $204,397,757
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
- 82-1808476
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E05)
- Assets (IRS master file)
- $613,229,640
- Income (IRS master file)
- $132,834,027
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $132,834,027 | $341,131,798 | $613,229,640 | XML |
| 990 | December 2023 | $809,459,647 | $189,613,154 | $816,974,806 | XML |
| 990 | December 2022 | $12,321,803 | $137,217,184 | $186,459,426 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 82-1808476).
Questions about GATES MEDICAL RESEARCH INSTITUTE
- What is the EIN of GATES MEDICAL RESEARCH INSTITUTE?
- The employer identification number (EIN) of GATES MEDICAL RESEARCH INSTITUTE is 82-1808476.
- Is GATES MEDICAL RESEARCH INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to GATES MEDICAL RESEARCH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GATES MEDICAL RESEARCH INSTITUTE 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 GATES MEDICAL RESEARCH INSTITUTE 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 GATES MEDICAL RESEARCH INSTITUTE 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 GATES MEDICAL RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 names HARISH KAUSHAL.
- Who are the officers and directors of GATES MEDICAL RESEARCH INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 17 people; 12 received compensation from the organization.
- How much revenue does GATES MEDICAL RESEARCH INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $132,834,027, expenses of $341,131,798 and total assets of $613,229,640 at year end.
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