Civic Intelligence

Usona Institute Inc

EIN 47-1349730 • 501(c)3 • Madison, WI

Profile

Usona institute has been organized to operate exclusively for charitable, scientific, and educational purposes, including, but not limited to, conducting and supporting medical, scientific, and social science research and education on medicines and practices to relieve mental and physical suffering and to improve the quality of life and management of health care through the application of treatments using safe and effective products, including those derived from plants and related materials. In addition, the institute qualifies as a "medical research organization" under section 170(b)(1)(a)(iii), as it has a principal purpose of conducting medical research and will be primarily engaged in medical research in conjunction with university of wisconsin hospitals and clinics.

2881 Woods Hollow RoadMadison, WI 53711

usonainstitute.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.69x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

12.91x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

1st percentile

-324%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

94th percentile

44%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Revenue Growth

4th percentile

-39%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Assets

Down

$148,230,819

Down $32,017,685 (-18%) from 2023

Liabilities

Down

$102,614,654

Down $6,513,767 (-6.0%) from 2023

Net Assets

Down

$45,616,165

Down $25,503,918 (-36%) from 2023

Revenue

Down

$7,949,536

Down $46,931,463 (-86%) from 2023

Expenses

Up

$33,737,459

Up $16,444,269 (+95%) from 2023

Net Income

Down

-$25,787,923

Down $63,375,732 (-169%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0-$50MAssets 2014: $621,220Liabilities 2014: $0Net Assets 2014: $621,2202014Assets 2015: $11,560Liabilities 2015: $49,279Net Assets 2015: -$37,7192015Assets 2016: $2,315,725Liabilities 2016: $135,199Net Assets 2016: $2,180,5262016Assets 2017: $6,067,779Liabilities 2017: $179,141Net Assets 2017: $5,888,6382017Assets 2018: $8,709,925Liabilities 2018: $437,191Net Assets 2018: $8,272,7342018Assets 2019: $10,424,604Liabilities 2019: $1,280,926Net Assets 2019: $9,143,6782019Assets 2020: $26,382,122Liabilities 2020: $1,907,660Net Assets 2020: $24,474,4622020Assets 2021: $38,737,266Liabilities 2021: $9,305,742Net Assets 2021: $29,431,5242021Assets 2022: $71,860,814Liabilities 2022: $38,289,815Net Assets 2022: $33,570,9992022Assets 2023: $180,248,504Liabilities 2023: $109,128,421Net Assets 2023: $71,120,0832023Assets 2024: $148,230,819Liabilities 2024: $102,614,654Net Assets 2024: $45,616,1652024

Highlighted filing

2024

Assets$148,230,819
Liabilities$102,614,654
Net Assets$45,616,165

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MRevenue 2014: $1,033,492Expenses 2014: $412,272Net Income 2014: $621,2202014Revenue 2015: $23,411Expenses 2015: $682,350Net Income 2015: -$658,9392015Revenue 2016: $2,968,965Expenses 2016: $750,720Net Income 2016: $2,218,2452016Revenue 2017: $5,462,348Expenses 2017: $1,756,641Net Income 2017: $3,705,7072017Revenue 2018: $7,411,772Expenses 2018: $5,025,271Net Income 2018: $2,386,5012018Revenue 2019: $6,286,708Expenses 2019: $5,756,156Net Income 2019: $530,5522019Revenue 2020: $20,488,196Expenses 2020: $7,601,395Net Income 2020: $12,886,8012020Revenue 2021: $18,840,870Expenses 2021: $13,878,540Net Income 2021: $4,962,3302021Revenue 2022: $21,184,086Expenses 2022: $17,065,106Net Income 2022: $4,118,9802022Revenue 2023: $54,880,999Expenses 2023: $17,293,190Net Income 2023: $37,587,8092023Revenue 2024: $7,949,536Expenses 2024: $33,737,459Net Income 2024: -$25,787,9232024

Highlighted filing

2024

Revenue$7,949,536
Expenses$33,737,459
Net Income-$25,787,923

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.1
Gross Receipts
$33,020,385
Mission and Program Overview

Mission

Usona institute has been organized to operate exclusively for charitable, scientific, and educational purposes, including, but not limited to, conducting and supporting medical, scientific, and social science research and education on medicines and practices to relieve mental and physical suffering and to improve the quality of life and management of health care through the application of treatments using safe and effective products, including those derived from plants and related materials. In addition, the institute qualifies as a "medical research organization" under section 170(b)(1)(a)(iii), as it has a principal purpose of conducting medical research and will be primarily engaged in medical research in conjunction with university of wisconsin hospitals and clinics.

Usona institute is a medical research organization dedicated to supporting and conducting basic, pre-clinical and clinical research to further the scientific understanding and therapeutic application of consciousness-expanding medicines.our focus is the treatment of society's most challenging mental health conditions for which existing treatments fall short.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$79,428,956$78,024,855▼ $1,404,101
Inventories for Sale or Use$5,492,708$7,456,369▲ $1,963,661
Investments Other Securities$31,000,000$6,000,000▼ $25,000,000
Cash and Non-Interest-Bearing Accounts$8,028,586$4,173,319▼ $3,855,267
Prepaid Expenses and Deferred Charges$2,022,867$1,830,081▼ $192,786
Accounts Receivable$181,352$223,320▲ $41,968
Investments Program Related$16,879$22,417▲ $5,538
Total Assets$180,248,504$148,230,819▼ $32,017,685
Other Assets Total$54,077,156$50,500,458▼ $3,576,698
Liabilities
Other Liabilities$53,861,525$51,686,250▼ $2,175,275
Mortgage Notes Payable Secured by Investment Property$47,681,587$46,460,866▼ $1,220,721
Accounts Payable and Accrued Expenses$7,479,972$4,460,038▼ $3,019,934
Grants Payable$99,047$0▼ $99,047
Deferred Revenue$6,290$7,500▲ $1,210
Total Liabilities$109,128,421$102,614,654▼ $6,513,767
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$68,032,246$44,231,335▼ $23,800,911
Net Assets With Donor Restrictions$3,087,837$1,384,830▼ $1,703,007
Total Net Assets Fund Balance$71,120,083$45,616,165▼ $25,503,918
Total Liabilities and Net Assets / Fund Balance$180,248,504$148,230,819▼ $32,017,685

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$62,433,711$1,984,000$64,417,711
Equipment$8,694,089$2,077,073$10,771,162
Land$5,110,000-$5,110,000
Other Land Buildings$1,347,323-$1,347,323
Leasehold Improvements$439,732$5,925$445,657
Other Assets Org$50,500,458--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike DavisChief Medical OfficerFT$446,768$50,038$496,806
John LeblancTreasurerPT$300,992$39,494$340,486
Robert EzzellDirector Ra Pharmaceutical ProductsFT$250,418$41,499$291,917
Tura PattersonDirecto of Strategic PartnershipsFT$261,172$28,782$289,954
Theraysa GapasinSenior Clinical Program LeadFT$221,036$33,751$254,787
Katarzyna WarcholClinical Operations ManagerFT$211,155$31,604$242,759
David JudsonDirector Quality AssuranceFT$212,937$18,026$230,963
Poncho MeisenheimerBoard Member/director of ChemistryPT$24,000-$24,000

Board Members and Trustees

NameTitle
William a LintonPresident
Rachelle SampsonBoard Member
Richard LangerBoard Member
Mathew SaurSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Charles RaisonConsulting2841 EAST PLAZA ENCANTADA, Tuscon, AZ 85718$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$5,020,285
Program Service Revenue
$211,597
Investment Income
$288,752
Other Revenue
$2,428,902
All Other Contributions
$5,020,285
Change in Net Assets
$-25,787,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,263,558
Salaries, Compensation, and Employee Benefits$6,306,751
Grants and Similar Amounts Paid$167,150
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$17,555,899$51,001-$17,606,900
Other Salaries and Wages$3,826,614$857,422-$4,684,036
Depreciation Depletion$2,681,490$177,179-$2,858,669
Interest$1,480,312$77,911-$1,558,223
Other Employee Benefits$557,787$116,479-$674,266
Current Officers, Directors, Trustees, and Key Employees$535,869$59,542-$595,411
Pension Plan Contributions$290,137$61,557-$351,694
All Other Expenses$12,060$285,381-$297,441
Travel$136,207$136,207-$272,414
Occupancy$244,432$9,604-$254,036
Office Expenses$95,130$114,630-$209,760
Insurance$104,801$91,157-$195,958
Conferences and Meetings$84,646--$84,646
Fees for Services Accounting-$82,751-$82,751
Advertising$81,864--$81,864
Foreign Grants$76,500--$76,500
Other Expenses$70,731$56,418-$70,731
Grants to Domestic Individuals$66,500--$66,500
Fees for Services Legal-$46,732-$46,732
Information Technology$13,323$13,323-$26,646
Grants to Domestic Orgs$24,150--$24,150
Payroll Taxes$1,344--$1,344
Total Functional Expenses$31,492,542$2,244,917$0$33,737,459
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mckenna Academy of Natural Philosphy IncSan Rafael, CA501(c)(3)Conference Support$20,000

International Summary

Offices
1
Employees
1
Spending
$270,780

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesPre-clinical and Clinical Research to Further the Understanding of the Therapeutic Effects of Psilocybin and Other Consciousness-expanding Medicines11$270,780
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$51,226,381
Liabilities for Split Interest Agreements$459,869
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

William a linton and poncho meisenheimer have a business relationship.

Form 990, Part VI, Section A, Line 8B

There are no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The treasurer provides a draft copy of the form 990 to all board members one or more weeks in advance of finalizing the return. Each board member responds affirmatively to the treasurer with questions about the form 990 or indicates they have no questions. An audit committee was formed in 2024 and we will ask the 2 members of the board who are audit committee members if they want any additional review going forward.

Form 990, Part VI, Section C, Line 19

Policies are available upon request

Filing and Contact Details

Filer

Filer Name
Usona Institute Inc
EIN
47-1349730
Phone
6082787662
Address
2881 WOODS HOLLOW ROAD, MADISON, WI 53711

Signing Officer

Name
John Leblanc
Title
Treasurer
Phone
6082787662
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William a Linton
Formed
2014
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
3
Employees
3
Volunteers
50

Preparer

Firm
Cliftonlarsonallen Llp
Address
8215 GREENWAY BOULEVARD SUITE 600, MIDDLETON, WI 53562
Preparer
Laura Schweitzer CPA
Phone
6086628600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 69,848. Management and general expenses 203. Fundraising expenses 0. Total expenses 70,051. Clinical professional fees: program service expenses 13,686,070. Management and general expenses 39,758. Fundraising expenses 0. Total expenses 13,725,828. Cmc professional fees: program service expenses 1,254,274. Management and general expenses 3,644. Fundraising expenses 0. Total expenses 1,257,918. Non-clincial professional fees: program service expenses 2,068,632. Management and general expenses 6,009. Fundraising expenses 0. Total expenses 2,074,641. Regulatory professional fees: program service expenses 266,719. Management and general expenses 775. Fundraising expenses 0. Total expenses 267,494. Professional fees: program service expenses 173,688. Management and general expenses 505. Fundraising expenses 0. Total expenses 174,193. Consultant: program service expenses 36,668. Management and general expenses 107. Fundraising expenses 0. Total expenses 36,775.

FORM 990, PART XI, LINE 9:

Income/loss from german subsidiary -5,627. Split life agreement change in value 289,632.

Form 990, Part XII, Line 2C

The organization created an audit committee in 2024 for oversight of the audit process.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0USONA INSTITUTE IS A MEDICAL RESEARCH ORGANIZATION DEDICATED TO SUPPORTING AND CONDUCTING BASIC, PRE-CLINICAL AND CLINICAL RESEARCH TO FURTHER THE SCIENTIFIC UNDERSTANDING AND THERAPEUTIC APPLICATION OF CONSCIOUSNESS-EXPANDING MEDICINES.OUR FOCUS IS THE TREATMENT OF SOCIETY'S MOST CHALLENGING MENTAL HEALTH CONDITIONS FOR WHICH EXISTING TREATMENTS FALL SHORT.
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IRS990/ProgSrvcAccomActy2Grp/Desc05-MEO-DMT PHASE 2 STUDYUSONA INSTITUTE IS CONDUCTING A TWO-PART (PHASE 2A/2B) CLINICAL TRIAL (MEO201) TO EVALUATE THE EFFICACY AND SAFETY OF 5-MEO-DMT FOR THE TREATMENT OF POST-TRAUMATIC STRESS DISORDER (PTSD) IN ADULTS. THE GOALS IN PART A (PHASE 2A) ARE TO OBTAIN SAFETY DATA AND EFFECT SIZE ESTIMATES IN A PTSD PATIENT POPULATION AND GAIN KNOWLEDGE AND EXPERIENCE TO OPTIMIZE PART B (PHASE 2B) DESIGN. THE GOAL IN PART B (PHASE 2B) IS TO EVALUATE THE SAFETY AND EFFICACY OF THE 5-MEO-DMT REGIMEN SELECTED FROM PART A. 2024 ACCOMPLISHMENTSREFINED PHASE 2 PROTOCOLS USING PHASE 1 DATA, OPTIMIZING SAFETY AND DOSING TO IMPROVE PATIENT OUTCOMES. INITIATED SITE SELECTION AND DEVELOPING FACILITATOR TRAINING PROGRAM TO ENSURE HIGH STANDARDS AND TRIAL QUALITY. PLANNING FOR A 2025 TRIAL LAUNCH TO EVALUATE 5-MEO-DMT'S EFFICACY WITH MULTIPLE SITES IN THE U.S. AND CANADA.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EVENTS & PROGRAMSUSONA'S EDUCATION PROGRAMS ARE INTENTIONALLY DESIGNED TO PROVIDE IMMERSIVE AND INTERACTIVE LEARNING EXPERIENCES. THESE PROGRAMS FOCUS ON PREPARING CLINICAL, SCIENTIFIC, AND ACADEMIC LEADERS WITH THE CRITICAL KNOWLEDGE NEEDED TO ADVANCE PSYCHEDELIC THERAPY IN CLINICAL RESEARCH AND PREPARATION FOR FUTURE DELIVERY OF CARE, UPON APPROVAL. THROUGH A CAREFULLY TAILORED CURRICULUM, DIVERSE FACULTY, EXPERIENTIALS, AND GUEST SPEAKERS, PARTICIPANTS GAIN THE EXPERTISE AND FOUNDATIONAL KNOWLEDGE REQUIRED TO PAVE THE WAY FOR BEST PRACTICES IN FUTURE CARE DELIVERY MODELS. 2024 ACCOMPLISHMENTSHOSTED OVER 300 ATTENDEES AT TEN EVENTS AT THE USONA CAMPUS IN 2024, BROADENING USONA'S IMPACT IN PSYCHEDELIC THERAPY EDUCATION. EXPANDED THE PROGRAM OFFERINGS AND CURRICULUM WITH IMMERSIVE PROGRAMS DESIGNED TO PREPARE SCIENTIFIC, CLINICAL, AND ACADEMIC LEADERS. AWARDED FULL AND PARTIAL SCHOLARSHIPS FOR PARTICIPATION IN USONA'S IMMERSIVE EDUCATION PROGRAMS, EXPANDING ACCESS AND DIVERSITY OF PARTICIPANTS. LAUNCHED ENHANCED FACILITATOR TRAINING TO SUPPORT THE PHASE 3 PSILOCYBIN CLINICAL TRIAL. STRENGTHENED PARTNERSHIPS WITH RESEARCH AND ACADEMIC INSTITUTIONS TO PREPARE PRACTITIONERS AND FACULTY FOR FUTURE CARE DELIVERY.
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