Overview
What is Howard Hughes Medical Institute?
The Howard Hughes Medical Institute (HHMI) is a renowned philanthropy organization dedicated to advancing human knowledge through biomedical research and science education. With over $24 billion in net assets, HHMI is the largest private biomedical research institution in the United States. Its mission, consistent since its founding in 1953, focuses on promoting scientific discovery and education, primarily within fields related to basic biomedical sciences. HHMI's distinctive research model prioritizes employing scientists as investigators, rather than funding projects through grants. This approach, known as the HHMI Investigator Program, grants scientists long-term, flexible funding to pursue their scientific interests freely. HHMI Investigators, who are selected through rigorous national competitions, number more than 260 and include 15 Nobel laureates and over 150 National Academy of Sciences members. Additionally, HHMI operates the Janelia Research Campus in Ashburn, Virginia, which aims to open new scientific fields by addressing technical and intellectual barriers. At Janelia, teams of scientists collaborate to tackle a limited number of scientific questions with significant impact. The recent recruitment of group leaders and senior group leaders in the 4D Cellular Physiology research area signifies Janelia's ongoing commitment to advancing scientific knowledge. In summary, the Howard Hughes Medical Institute is a trailblazing organization that fuels scientific progress through its innovative research programs and commitment to fostering a thriving community of brilliant scientists.
Official website here: www.hhmi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Howard Hughes Medical Institute (HHMI) has received a 96% score from Charity Navigator, denoting a high level of accountability and financial management. This impressive rating reflects the organization's commitment to maintaining transparency and responsible stewardship of its resources, which is crucial for donor confidence and support.
Key strengths of HHMI include its fully independent board and an exceptional financial statements oversight committee, both of which contribute to its strong governance practices. The organization demonstrates effective management of its assets with a low liabilities to assets ratio and a substantial program expense ratio, indicating that a significant portion of its funding is directed toward its core mission and programs.
While the ratings highlight notable achievements in governance and financial oversight, it is important for potential donors to consider the broader impact of HHMI's initiatives within the scientific community. Overall, the ratings underscore HHMI's credibility as a nonprofit organization dedicated to advancing biomedical research and education.
This AI summary has been generated from information found on Charity Navigator.
Is Howard Hughes Medical Institute legitimate?
Howard Hughes Medical Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Howard Hughes Medical 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: $11,626,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,929,508
For more financial information, click here
Official website here: www.hhmi.org
What is the mission statement of Howard Hughes Medical Institute?
The Howard Hughes Medical Institute (HHMI) is a renowned philanthropic organization dedicated to expanding human knowledge through the conduct of biomedical research and science education. With over $24 billion in net assets, HHMI is the largest private biomedical research institution in the United States, established in 1953. The primary goal of HHMI is to promote human knowledge by engaging in discovery research, primarily within fields related to basic biomedical sciences, and disseminating that knowledge for the benefit of humanity. The organization's mission remains constant, as stated in its articles of incorporation, to serve society by conducting groundbreaking research and providing educational opportunities, ultimately contributing to the advancement of science and human welfare.
Official website here: www.hhmi.org
Who is the CEO of Howard Hughes Medical Institute?
Unavailable
Official website here: www.hhmi.org
What is the revenue of Howard Hughes Medical Institute?
Howard Hughes Medical Institute's revenue in 2022 was $2,117,477,557.
Official website here: www.hhmi.org
Who are the executives of Howard Hughes Medical Institute and what are their salaries?
The average compensation at Howard Hughes Medical Institute during 2022 was $135,606. There are 2327 employees at Howard Hughes Medical Institute.
Here are 34 key members and their salaries:
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
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- Other: $0
- Compensation: $80,000
- Related: $0
- Other: $0
- Compensation: $53,789
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
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- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $50,000
- Related: $0
- Other: $0
- Compensation: $50,874
- Related: $0
- Other: $0
- Compensation: $282,828
- Related: $0
- Other: $61,989
- Compensation: $405,649
- Related: $0
- Other: $45,026
- Compensation: $713,924
- Related: $0
- Other: $41,906
- Compensation: $782,127
- Related: $0
- Other: $71,809
- Compensation: $1,379,324
- Related: $0
- Other: $68,162
- Compensation: $1,484,549
- Related: $0
- Other: $64,350
- Compensation: $730,121
- Related: $0
- Other: $71,604
- Compensation: $177,383
- Related: $0
- Other: $29,037
- Compensation: $487,926
- Related: $0
- Other: $57,209
- Compensation: $712,516
- Related: $0
- Other: $65,832
- Compensation: $0
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- Other: $0
- Compensation: $242,818
- Related: $0
- Other: $60,516
- Compensation: $765,571
- Related: $0
- Other: $63,866
- Compensation: $811,334
- Related: $0
- Other: $56,642
- Compensation: $266,862
- Related: $0
- Other: $58,102
- Compensation: $823,607
- Related: $0
- Other: $70,910
- Compensation: $996,843
- Related: $0
- Other: $67,298
- Compensation: $1,279,721
- Related: $0
- Other: $50,754
- Compensation: $1,588,435
- Related: $0
- Other: $46,481
- Compensation: $1,480,088
- Related: $0
- Other: $64,173
- Compensation: $444,903
- Related: $0
- Other: $62,548
- Compensation: $564,261
- Related: $0
- Other: $65,745
- Compensation: $753,975
- Related: $0
- Other: $48,862
Official website here: www.hhmi.org
Where can I find the form 990 for Howard Hughes Medical Institute?
Howard Hughes Medical Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hhmi.org
Learn more at the official website: www.hhmi.org
Mission Statement of Howard Hughes Medical Institute
The Howard Hughes Medical Institute (HHMI), a renowned philanthropy, serves society through the direct conduct of biomedical research and support for science education programs. Established in 1953, HHMI is the largest private biomedical research institution in the nation, boasting over $24 billion in net assets at the conclusion of its 2022 fiscal year. The organization's primary purpose and objective, as stated in its articles of incorporation, is to promote human knowledge by carrying out discovery research and science education, primarily within the fields related to basic biomedical sciences. This knowledge is then disseminated and applied for the benefit of humanity. HHMI's enduring mission remains constant, as it strives to advance the boundaries of scientific understanding and contribute to the betterment of society.
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Impact
October, 2024
Howard Hughes Medical Institute (HHMI) significantly impacts biomedical research and science education by fostering innovative approaches to scientific inquiry and discovery. With a unique funding model centered on the HHMI Investigator Program, the Institute employs over 260 leading scientists, including 15 Nobel laureates and numerous members of the National Academy of Sciences. This model emphasizes long-term, flexible funding for exceptional researchers, allowing them the freedom to explore groundbreaking scientific questions that can lead to fundamental discoveries with lasting benefits to humanity.
Through its Janelia Research Campus, HHMI is at the forefront of tackling critical scientific challenges by integrating laboratory scientists with tool-builders. This collaboration aims to develop cutting-edge methodologies and technologies that advance our understanding of complex biological processes, such as cellular function and communication across various scales. By sharing methods, results, and tools, Janelia fosters a collaborative scientific environment that accelerates progress across diverse research fields.
HHMI's steadfast commitment to promoting human knowledge through discovery research and science education ensures that innovative findings are not only made but also disseminated for the greater good. As the nation's largest private biomedical research institution, HHMI plays a crucial role in addressing pressing health challenges and advancing the frontiers of science.
This information is meant to be a general summary of Howard Hughes Medical 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: $2,087,454,899
- Program Service Revenue: $3,865,374
- Gross Receipts: $24,774,355,258
Assets and Liabilities:
- Total Assets: $25,877,392,654
- Total Liabilities: $1,837,723,670
- Net Assets: $24,039,668,984
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,702,904
TV & FILM INCOME
Revenue
$1,162,470
Organization Details
Founding Year
1953
Phone
(301) 215-8500Main Address
4000 JONES BRIDGE ROAD, CHEVY CHASE, MD, 208156789
Website
www.hhmi.orgNTEE Category
Code: H920 - Medical research
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