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Addgene Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 900133592 ✦ Watertown, MA ✦ Designated as a 501(c)(3)

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Overview

What is Addgene Inc?

Addgene Inc, a research support service based in Watertown, Massachusetts, focuses on archiving and distributing plasmids featured in scientific publications. By linking these plasmids with the corresponding articles, scientists can easily access relevant data generated from the materials they request. Addgene's mission is to build a comprehensive library of plasmids to facilitate research and discovery, currently employing 152 individuals.


Official website here: www.addgene.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 82% (Three-Star out of Four Stars)

Addgene Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based entirely on the organization’s Accountability & Finance score, reflecting a well-structured governance model and fiscal responsibility. Their independent board is notable for having 90% of its members independent, which enhances their credibility and oversight.

The nonprofit demonstrates strong financial practices, as evidenced by their high scores in areas such as audit and oversight, conflict of interest policies, and the absence of material asset diversions. Additionally, their program expense ratio is commendable at 76.29%, suggesting that a significant portion of their funds is directed towards their mission-driven activities.

However, the organization faces some challenges, particularly in the Liabilities to Assets Ratio, which is at 68.66%. This indicates a relatively high level of liabilities compared to their assets, which could be a potential area of concern for long-term financial stability. Overall, Addgene Inc shows a commitment to transparency and effective governance but needs to address its liabilities to strengthen its financial standing.


This AI summary has been generated from information found on Charity Navigator.

Is Addgene Inc legitimate?

Addgene Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Addgene Inc 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: $1,190,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,741,550

For more financial information, click here


Official website here: www.addgene.org

What is the mission statement of Addgene Inc?

Addgene Inc is a research support service dedicated to archiving and distributing plasmids featured in published articles. By connecting plasmids with corresponding publications, scientists have uninterrupted access to data generated from the materials they request. The company's objective is to amass a comprehensive library of plasmids, which in turn, boosts research and discovery in the scientific community. Addgene Inc's mission lies in streamlining the process for scientists to access essential research materials, thereby accelerating scientific advancements.


Official website here: www.addgene.org

Who is the CEO of Addgene Inc?

Daniela Bourges is the Principal Officer of Addgene Inc.


Official website here: www.addgene.org

What is the revenue of Addgene Inc?

Addgene Inc's revenue in 2022 was $24,108,935.


Official website here: www.addgene.org

Who are the executives of Addgene Inc and what are their salaries?

The average compensation at Addgene Inc during 2022 was $58,766. There are 152 employees and 11 volunteers at Addgene Inc.


Here are 23 key members and their salaries:


David Root (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Fan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Khandan Baradaran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanna Brownstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Koeris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Stegmeier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Katz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luk Vandenberghe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Paratore (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Cicalese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bart Newland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Chu (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lohnes (Chief Financial Officer)
  • Compensation: $172,657
  • Related: $0
  • Other: $19,115
Melina Fan (Chief Scientific Officer)
  • Compensation: $221,027
  • Related: $0
  • Other: $24,569
Chonnettia Jones (President/Executive Director)
  • Compensation: $223,197
  • Related: $0
  • Other: $5,058
Daniela Bourges-Waldegg (Chief Technology Officer)
  • Compensation: $209,992
  • Related: $0
  • Other: $27,021
Andrew Baltus (Chief Operating Officer)
  • Compensation: $191,940
  • Related: $0
  • Other: $18,512
Tracy Kiernan (Chief People Officer)
  • Compensation: $172,103
  • Related: $0
  • Other: $22,409
Cayla Fauver (Senior Director Of Tech Op)
  • Compensation: $160,878
  • Related: $0
  • Other: $16,705
Heather Zirkle (Director Of Product)
  • Compensation: $148,234
  • Related: $0
  • Other: $5,068
Eric Perkins (Sr. Dir. Of Customer Exper)
  • Compensation: $154,126
  • Related: $0
  • Other: $4,635
Meghan Rego (Director, Antibodies)
  • Compensation: $163,957
  • Related: $0
  • Other: $22,538
Sophia Cheng (Dir. Of Application Development)
  • Compensation: $145,100
  • Related: $0
  • Other: $18,552


Official website here: www.addgene.org

Where can I find the form 990 for Addgene Inc?

Addgene Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.addgene.org

Learn more at the official website: www.addgene.org

Mission Statement of Addgene Inc

Addgene Inc, a research support service, is committed to archiving and distributing plasmids that have been featured in published scientific articles. By connecting plasmids with their corresponding publications, Addgene ensures scientists have access to valuable data generated from the materials they request. The organization's ultimate goal is to compile a comprehensive library of plasmids, fostering research and discovery in the scientific community.

Addgene's mission is twofold. First, they serve as a repository for plasmids, preserving these valuable research tools for future use. By making these resources readily available, Addgene supports the scientific community in their pursuit of new discoveries and advancements. Second, Addgene's linking of plasmids with publications creates an invaluable connection between data and the tools used to generate it. This ensures that scientists have a complete understanding of the research background and context of the plasmids they are using, enabling them to build upon existing knowledge and make new strides in their fields.

In essence, Addgene Inc plays a crucial role in the scientific research process by providing scientists with direct access to the plasmids and data that underpin published research. Their dedication to archiving and distributing these essential research tools fosters collaboration, innovation, and the continued progress of scientific discovery.

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Impact




October, 2024

Addgene Inc has significantly advanced the field of medical research by archiving and distributing plasmids, which are essential tools for genetic manipulation and experimentation. By connecting these plasmids to published research, Addgene ensures that scientists have direct access to reliable, standardized materials that enhance reproducibility and collaboration across the scientific community. Their comprehensive library of plasmids aids researchers in discovering new genetic functions and pathways, ultimately accelerating innovations in health and medicine. This accessibility to DNA-based reagents not only streamlines research processes but also fosters a culture of sharing and transparency, which is vital for scientific progress.




This information is meant to be a general summary of Addgene Inc. 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.

Revenue
$24,108,935 (2022)
Expenses
$23,603,093 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,127
  • Program Service Revenue: $22,746,216
  • Gross Receipts: $24,109,288

Assets and Liabilities:

  • Total Assets: $63,886,487
  • Total Liabilities: $43,869,286
  • Net Assets: $20,017,201

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PLASMID SALES

Revenue

$22,746,216

Organization Details

Founding Year

2004

Principal Officer

Daniela Bourges

Main Address

490 ARSENAL WAY, WATERTOWN, MA, 02472

NTEE Category

Code: H30 - Medical research

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