Overview
What is Van Andel Institute?
The Van Andel Institute, situated in Grand Rapids, Michigan, serves as a supporting organization for both the Van Andel Research Institute (VARI) and the Van Andel Education Institute (VAEI). Established with the purpose of benefiting and aiding these institutions, the institute operates as a functionally integrated nonprofit. The Van Andel Institute houses the Van Andel Institute Graduate School (VAIGS), which offers a graduate program in cell and molecular genetics to prepare biomedical research scholars. Additionally, the Science Academy programs create an engaging environment for students, K-12, encouraging exploration, questioning, and investigation as scientists do.
Official website here: www.vai.org
What are the reviews and ratings of this charity?
94% rating from Charity Navigator indicates that Van Andel Institute has achieved a Four-Star out of Four Star rating, showcasing its strong performance in accountability and finance. This high score reflects the organization's commitment to transparency and effective financial management, with a significant focus on ensuring independence and safeguarding donor interests.
The institute boasts a robust governance framework, illustrated by a majority of independent board members and comprehensive policies in place, such as conflict of interest and whistleblower policies. Furthermore, it has a solid financial foundation, evidenced by a low liabilities to assets ratio and impressive program expense ratio, indicating that a large portion of its expenditures directly supports its mission.
However, one noted limitation is the absence of the audit document on the nonprofit’s website, which could enhance transparency further. Overall, the Van Andel Institute demonstrates strong operational effectiveness and ethical governance, positioning it as a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Van Andel Institute legitimate?
Van Andel Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Van Andel Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $70,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vai.org
What is the mission statement of Van Andel Institute?
The Van Andel Institute (VAI) is established to support and benefit both the Van Andel Research Institute (VARI) and the Van Andel Education Institute (VAEI). VAI operates with the primary goal of performing the functions and carrying out the purposes of both institutions. Specifically, for VAEI, this mission includes supporting the Van Andel Institute Graduate School (VAIGS) and the Science Academy. VAIGS offers a graduate program in cell and molecular genetics to prepare biomedical research scholars. Meanwhile, the Science Academy provides an educational setting for students, K-12, encouraging and enabling them to explore, question, and investigate as scientists do.
Official website here: www.vai.org
Who is the CEO of Van Andel Institute?
Timothy J Myers is the Chairman / Ceo of Van Andel Institute. The CEO's salary of Van Andel Institute is $0 and their total compensation is $626,471.
Official website here: www.vai.org
What is the revenue of Van Andel Institute?
Van Andel Institute's revenue in 2022 was $175,628,938.
Official website here: www.vai.org
Who are the executives of Van Andel Institute and what are their salaries?
There 5 volunteers at Van Andel Institute.
Here are 8 key members and their salaries (Van Andel Institute's CEO's salary is $0 and their total compensation is $626,471):
- Compensation: $0
- Related: $460,906
- Other: $165,565
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $353,328
- Other: $104,995
- Compensation: $0
- Related: $471,244
- Other: $157,678
- Compensation: $0
- Related: $407,171
- Other: $114,355
- Compensation: $0
- Related: $404,819
- Other: $128,718
Official website here: www.vai.org
Where can I find the form 990 for Van Andel Institute?
Van Andel Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vai.org
Learn more at the official website: www.vai.org
Mission Statement of Van Andel Institute
Van Andel Institute (VAI) is a supporting organization, operated exclusively for the advantage of both the Van Andel Research Institute (VARI) and Van Andel Education Institute (VAEI). The Institute functions to benefit, perform the duties of, and carry out the objectives of these two entities.
The Van Andel Institute serves a pivotal role in furthering the goals of VAEI. VAEI comprises the Van Andel Institute Graduate School (VAIGS) and Science Academy. VAIGS is a graduate program in cell and molecular genetics, dedicated to preparing biomedical research scholars. The Science Academy, on the other hand, offers unique and stimulating environments for students in grades K-12, inspiring and enabling them to explore, question, and investigate as scientists do.
In essence, the Van Andel Institute operates as a catalyst for the progress and development of both the Van Andel Research Institute and the Van Andel Education Institute. By providing essential support, it allows these organizations to effectively pursue their respective missions, ultimately contributing to the advancement of knowledge and education in the fields of research and education.
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Impact
October, 2024
The Van Andel Institute fosters significant advancements in biomedical research and education. By supporting the Van Andel Research Institute, it plays a crucial role in groundbreaking studies, particularly in the realms of cancer and neurodegenerative diseases. The institute nurtures the next generation of scientists through its graduate programs, such as the Van Andel Institute Graduate School, which focuses on cell and molecular genetics, preparing scholars for influential careers in research.
Additionally, the Van Andel Education Institute empowers K-12 students through innovative science programs. These initiatives provide young learners with hands-on experiences that encourage curiosity and critical thinking, mirroring the scientific process and fostering a passion for discovery. Overall, the Van Andel Institute significantly impacts scientific research and education, shaping both immediate and long-term advancements in health and knowledge.
This information is meant to be a general summary of Van Andel Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $89,999,337
- Gross Receipts: $2,048,494,733
Assets and Liabilities:
- Total Assets: $2,082,989,471
- Total Liabilities: $5,088,250
- Net Assets: $2,077,901,221
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Organization Details
Founding Year
1996
Phone
(616) 234-5000Principal Officer
Timothy J Myers
Main Address
333 BOSTWICK AVENUE NE, GRAND RAPIDS, MI, 49503
Website
www.vai.orgNTEE Category
Code: T22Z - Philanthropy
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