Overview
What is Allen Institute?
The Allen Institute, based in Seattle, Washington, is a leading research organization dedicated to answering significant questions in bioscience and accelerating research globally. Committed to an open science model, the institute provides publicly available knowledge, data, models, tools, and reagents to catalyze scientific discovery and foster medical breakthroughs. With a team-oriented, multi-scale approach, the Allen Institute accelerates foundational research, develops standards and models, and cultivates new ideas to make a broad, transformational impact on science, ultimately improving human health. Boasting a workforce of 791 individuals, the Allen Institute is an influential force in the scientific community.
Official website here: www.alleninstitute.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 87%, Three-Star out of Four Star rating.
The Allen Institute has received a solid rating of 87%, indicating strong performance in accountability and finance. The organization demonstrates a commitment to governance, with 91% of its board members being independent and a robust structure for oversight, including effective conflict of interest and whistleblower policies. It also maintains transparency by listing financial documents and staff members on its website.
Strengths include a high program expense ratio of 81.53%, which reflects the organization’s focus on its mission-related activities. Additionally, the institute has shown no material diversion of assets and has a good working capital ratio of 1.16 years, suggesting it is well-positioned financially to sustain its operations.
However, there are some areas for improvement, particularly in fundraising efficiency, where it scored only 5 out of 25 points. This suggests that while the organization is doing well in its programs and governance, it could enhance its fundraising strategies to maximize resources available for its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Allen Institute legitimate?
Allen Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allen 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: $3,500,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,548,408
For more financial information, click here
Official website here: www.alleninstitute.org
What is the mission statement of Allen Institute?
The Allen Institute is dedicated to exploring the complexities of bioscience with the goal of advancing knowledge and improving human health. This organization utilizes an open science, multi-scale, and collaborative approach to accelerate foundational research, develop standards and models, and generate new ideas to bring about a significant impact on the scientific community. The Allen Institute's mission centers around unlocking the intricacies of bioscience and expanding our understanding to foster positive change.
Official website here: www.alleninstitute.org
Who is the CEO of Allen Institute?
Rui Costa is the CEO of Allen Institute The CEO's salary of Allen Institute is $1,214,170 and their total compensation is $1,254,221.
Official website here: www.alleninstitute.org
What is the revenue of Allen Institute?
Allen Institute's revenue in 2023 was $240,418,148.
Official website here: www.alleninstitute.org
Who are the executives of Allen Institute and what are their salaries?
The average compensation at Allen Institute during 2023 was $102,313. There are 929 employees and 10 volunteers at Allen Institute.
Here are 20 key members and their salaries (Allen Institute's CEO's salary is $1,214,170 and their total compensation is $1,254,221):
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $1,214,170
- Related: $0
- Other: $40,051
- Compensation: $565,538
- Related: $0
- Other: $26,826
- Compensation: $540,071
- Related: $0
- Other: $40,927
- Compensation: $426,359
- Related: $0
- Other: $38,264
- Compensation: $574,938
- Related: $0
- Other: $32,956
- Compensation: $528,711
- Related: $0
- Other: $34,735
- Compensation: $488,528
- Related: $0
- Other: $29,600
- Compensation: $489,263
- Related: $0
- Other: $21,720
- Compensation: $459,933
- Related: $0
- Other: $43,986
- Compensation: $415,503
- Related: $0
- Other: $39,492
Official website here: www.alleninstitute.org
Where can I find the form 990 for Allen Institute?
Allen Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alleninstitute.org
Learn more at the official website: www.alleninstitute.org
Mission Statement of Allen Institute
The Allen Institute, a renowned nonprofit organization, is dedicated to unraveling the complexities of bioscience and expanding our knowledge to enhance human health. By employing an open science, multi-scale, and team-oriented approach, the Allen Institute accelerates foundational research, develops standards and models, and fosters new ideas to make a significant, transformative impact on science.
This revolutionary institution aims to advance our understanding of biology and improve human health through groundbreaking research. With an open science approach, they invite collaboration and knowledge sharing amongst researchers, fostering a dynamic and innovative environment. Their multi-scale focus allows them to explore complex biological systems from various perspectives, while their team-oriented approach ensures a collaborative and comprehensive understanding of scientific phenomena.
The Allen Institute's primary objectives include accelerating foundational research in various fields, such as brain science and cell science, to deepen our knowledge of biological systems. They also develop and refine standards and models, providing essential resources for the scientific community and fueling further research. Moreover, they cultivate new ideas and approaches, pushing the boundaries of scientific discovery and paving the way for novel advancements in the field of bioscience.
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Impact
October, 2024
The Allen Institute significantly advances our understanding of bioscience and human health by employing an open science model that facilitates collaboration and knowledge sharing. By conducting large-scale research, the Institute addresses some of the most pressing questions in the field and accelerates foundational research efforts.
It provides publicly accessible data, models, tools, and reagents, which serve as a catalyst for scientific discovery and innovation worldwide. This commitment to transparency and collaboration not only nurtures medical breakthroughs but also establishes standards and models that enhance research practices across the globe. The Allen Institute’s team-oriented approach fosters an environment where new ideas can flourish, resulting in transformative impacts on the scientific community and public health.
This information is meant to be a general summary of Allen 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 2023.
- Investment Income: $5,377,758
- Program Service Revenue: $568,258
- Gross Receipts: $269,997,912
Assets and Liabilities:
- Total Assets: $317,650,465
- Total Liabilities: $138,290,999
- Net Assets: $179,359,466
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE INCOME
Revenue
$409,764
MATERIAL TRANSFER
Revenue
$158,494
Organization Details
Founding Year
2003
Principal Officer
Rui Costa
Website
www.alleninstitute.orgNTEE Category
Code: H96 - Medical research
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