Civic Intelligence

Research America

990 • Fiscal year 2023 • EIN 52-1609875

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 26, 2024

241 18th Street South 501Arlington, VA 22202

(703) 739-2577

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.23x

Higher debt load relative to assets than 55% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.39x

Higher debt load relative to revenue than 62% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

17th percentile

-13%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$678,746

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

8th percentile

-9.5%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

29th percentile

-6.1%

Faster revenue growth than 29% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$11,946,167

Flat from 2023

Net Assets

Flat

$9,185,105

Flat from 2023

Liabilities

Flat

$2,761,062

Flat from 2023

Revenue

Flat

$6,997,174

Flat from 2023

Expenses

Flat

$7,913,359

Flat from 2023

Net Income

Flat

-$916,185

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $2,669,640Liabilities 2010: $868,399Net Assets 2010: $1,801,2412010Assets 2011: $2,776,346Liabilities 2011: $1,033,935Net Assets 2011: $1,742,4112011Assets 2012: $2,527,610Liabilities 2012: $756,405Net Assets 2012: $1,771,2052012Assets 2013: $2,335,269Liabilities 2013: $471,504Net Assets 2013: $1,863,7652013Assets 2014: $2,677,738Liabilities 2014: $496,857Net Assets 2014: $2,180,8812014Assets 2015: $2,445,153Liabilities 2015: $408,412Net Assets 2015: $2,036,7412015Assets 2016: $3,197,439Liabilities 2016: $1,165,051Net Assets 2016: $2,032,3882016Assets 2017: $3,556,356Liabilities 2017: $1,320,331Net Assets 2017: $2,236,0252017Assets 2018: $3,365,450Liabilities 2018: $1,341,483Net Assets 2018: $2,023,9672018Assets 2019: $3,649,515Liabilities 2019: $1,460,929Net Assets 2019: $2,188,5862019Assets 2020: $4,909,556Liabilities 2020: $1,890,390Net Assets 2020: $3,019,1662020Assets 2021: $11,908,481Liabilities 2021: $2,834,131Net Assets 2021: $9,074,3502021Assets 2022: $13,199,606Liabilities 2022: $3,882,297Net Assets 2022: $9,317,3092022Assets 2023: $11,946,167Liabilities 2023: $2,761,062Net Assets 2023: $9,185,1052023Assets 2023: $11,946,167Liabilities 2023: $2,761,062Net Assets 2023: $9,185,1052023

Highlighted filing

2023

Assets$11,946,167
Liabilities$2,761,062
Net Assets$9,185,105

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,141,7442010Expenses 2011: $3,598,2232011Expenses 2012: $3,590,3872012Revenue 2013: $3,192,791Expenses 2013: $3,100,231Net Income 2013: $92,5602013Revenue 2014: $3,371,106Expenses 2014: $3,053,990Net Income 2014: $317,1162014Revenue 2015: $3,232,415Expenses 2015: $3,346,050Net Income 2015: -$113,6352015Revenue 2016: $3,446,449Expenses 2016: $3,501,917Net Income 2016: -$55,4682016Revenue 2017: $3,796,552Expenses 2017: $3,687,258Net Income 2017: $109,2942017Revenue 2018: $3,750,096Expenses 2018: $3,734,479Net Income 2018: $15,6172018Revenue 2019: $3,871,596Expenses 2019: $3,831,319Net Income 2019: $40,2772019Revenue 2020: $4,439,039Expenses 2020: $3,680,716Net Income 2020: $758,3232020Revenue 2021: $10,350,704Expenses 2021: $4,447,444Net Income 2021: $5,903,2602021Revenue 2022: $7,448,296Expenses 2022: $6,162,848Net Income 2022: $1,285,4482022Revenue 2023: $6,997,174Expenses 2023: $7,913,359Net Income 2023: -$916,1852023Revenue 2023: $6,997,174Expenses 2023: $7,913,359Net Income 2023: -$916,1852023

Highlighted filing

2023

Revenue$6,997,174
Expenses$7,913,359
Net Income-$916,185
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 26, 2024
Return Version
2023v5.1
Gross Receipts
$7,237,298
Mission and Program Overview

Mission

Research!america is the nation's largest not-for-profit public education and advocacy alliance working to make research to improve health a higher national priority. We advocate for federal funding and policy priorities aimed at speeding medical progress and advancing u.s. Research and innovation.

Advocates for science, discovery and innovation to achieve better health for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,389,936$6,124,623▲ $734,687
Pledges and Grants Receivable$2,987,734$1,883,107▼ $1,104,627
Savings and Temporary Cash Investments$2,001,490$1,489,562▼ $511,928
Cash and Non-Interest-Bearing Accounts$918,139$605,029▼ $313,110
Land, Buildings, and Equipment, Net$294,540$240,750▼ $53,790
Prepaid Expenses and Deferred Charges$19,227$20,888▲ $1,661
Accounts Receivable$310$5,953▲ $5,643
Total Assets$13,199,606$11,946,167▼ $1,253,439
Other Assets Total$1,588,230$1,576,255▼ $11,975
Liabilities
Other Liabilities$2,025,394$1,924,900▼ $100,494
Accounts Payable and Accrued Expenses$522,117$610,583▲ $88,466
Deferred Revenue$1,334,786$225,579▼ $1,109,207
Total Liabilities$3,882,297$2,761,062▼ $1,121,235
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,993,860$7,742,380▼ $251,480
Net Assets Without Donor Restrictions$1,323,449$1,442,725▲ $119,276
Total Net Assets Fund Balance$9,317,309$9,185,105▼ $132,204
Total Liabilities and Net Assets / Fund Balance$13,199,606$11,946,167▼ $1,253,439

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$159,520$364,918$524,438
Equipment$31,541$68,671$100,212
Other Land Buildings$49,689$25,176$74,865
Other Assets Org$741,203--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$4,404,539$200,000▲ $643,449-$4,997,988
2022$5,393,479$200,000▼ $988,940-$4,404,539
2021$100,000$5,100,000▲ $193,479-$5,393,479
2020$100,000---$100,000
2019$100,000---$100,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary WoolleyPresident & Chief Executive OfficerFT$549,970$128,776$678,746
Michael CoburnExecutive Vice President & COOFT$290,796$51,480$342,276
Eleanor DehoneySr. VP of Policy & AdvocacyFT$257,075$48,720$305,795
Jennifer Luray Sr VpStrategy & Public EngagementFT$227,587$62,053$289,640
Sheila MurphyVP - Advocacy ProgramsFT$208,108$30,539$238,647
Anne MandevilleVP Development & MembershipFT$199,591$28,604$228,195
Katherine GoodeSenior Director - DevelopmentFT$141,319$14,328$155,647

Highest Paid Contractors

ContractorServicesLocationCompensation
Subject Matter - Home FrontAdvocacy/communications1201 NEW YORK AVE NW SUITE 900, Washington, DC 20005$667,724
Keefe Signiser PartnersGovernment Relations4416 CHESAPEAKE STREET NW, Washington, DC 22016$240,000
Perkins Coie LLPPolicy/strategyPO BOX 24643, Seattle, WA 98124-0643$180,000
Kountoupes Denham Carr & ReidGovernment Relations607 14TH ST NW SUITE 750, Washington, DC 20005$165,019
Fgs GlobalFocus Group And Opinion Research555 ELEVENTH STREET NW 6TH FLOOR, Washington, DC 20004$125,000
Revenue and Support

Revenue Composition

Contributions and Grants
$4,421,376
Program Service Revenue
$2,373,400
Investment Income
$181,717
Other Revenue
$20,681
All Other Contributions
$4,421,376
Change in Net Assets
$-916,185

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$25,619Fair Market Value (FMV)
Other Non Cash Contri Table1$2,880Fair Market Value (FMV)
Total Noncash Contributions2$28,499-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,908,654
Revenue Not Reported on Financial Statements
$88,520
Revenue Not Reported on Form 990
$850,903
Total Revenue per Audited Statements
$7,759,557
Total Revenue per Form 990
$6,997,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,533,207
Other Expenses$3,106,356
Total Fundraising Expense$731,881
Grants and Similar Amounts Paid$273,796
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,290,658$241,490$323,011$2,855,159
Fees for Services Other$1,334,606$54,183$8,333$1,397,122
Current Officers, Directors, Trustees, and Key Employees$442,346$343,278$235,398$1,021,022
Fees for Services Lobbying$314,609--$314,609
Grants to Domestic Orgs$273,796--$273,796
Payroll Taxes$171,371$34,925$34,320$240,616
Other Employee Benefits$178,521$29,060$32,969$240,550
Occupancy$164,497$32,522$33,062$230,081
Advertising$198,754--$198,754
Conferences and Meetings$155,904$21,464-$177,368
Pension Plan Contributions$145,733$9,239$20,888$175,860
Information Technology$74,284$29,086$14,611$117,981
Travel$60,695$28,112$11,489$100,296
Fees for Service Investment Mgmnt Fees-$88,520-$88,520
Fees for Services Accounting-$75,797-$75,797
Depreciation Depletion$51,309$10,143$10,313$71,765
Office Expenses$20,374$9,946$4,007$34,327
Other Expenses$49,500$23,729$1,196$23,729
Insurance$11,614$4,548$2,284$18,446
All Other Expenses-$16,008-$16,008
Fees for Services Legal-$9,275-$9,275
Interest-$171-$171
Total Functional Expenses$6,117,731$1,063,747$731,881$7,913,359

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,913,359
Total Expenses per Audited Statements$7,891,761
Expenses per Audited Statements$7,824,839
Expenses Not Reported on Financial Statements$88,520
Expenses Not Reported on Form 990$66,922
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of California San Francisco FoundationSan Francisco, CA501(c)(3)RESEARCH!AMERICA INNOVATION PRIZE SUPPORTING DR. NEVAN KROGAN$230,000
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,117,059
Deferred Compensation$796,211
Finance Lease Liability$11,630
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Research!america is a membership organization. Membership is open to any organization, professional society, association, corporation, institution, other entity or individual which is interested in and supportive of the mission of research!america - to make research for health a higher national priority. Members are approved by the board of directors.

Form 990, Part VI, Section A, Line 7A

Each institution member has one vote on matters subject to a vote by the membership. Members elect the board of directors at the annual meeting.

Form 990, Part VI, Section A, Line 7B

Members may be asked to vote on matters outlined in the bylaws (election of directors and dissolution or amendments to the bylaws).

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

The draft form 990 is presented to the audit committee in conjunction with the presentation of the audit report for the year ended. Once approved by the committee, the draft form 990 is distributed to the board of directors who are given a 48-hour period to respond with any issues or edits prior to finalization.

Form 990, Part VI, Section B, Line 12C

The audit committee is charged with oversight of adherence to the conflict-of-interest policy. Annually, each member of the board of directors and each member of staff is required to review the policy and submit a signed disclosure statement. The audit committee reviews and reports to the board of directors any potential conflict of interest. Any director with a disclosed conflict shall recuse themselves from deliberations on actions that may be construed as a conflict of interest.

Form 990, Part VI, Section B, Line 15

The compensation committee is charged with oversight of executive compensation. The compensation committee, in consultation with the board chair, establishes performance metrics for the ceo. Following the close of the year, the compensation committee reviews results to determine the overall level of performance. A third-party compensation consultant is engaged to review market compensation for the ceo and key management employees. The last time this took place was during january 2024. The compensation committee proposes changes in compensation for the ceo based on performance outcomes to the board chair for approval by the executive committee. Any increases in compensation for key management staff are proposed by the ceo and approved by the compensation committee.

Form 990, Part VI, Section C, Line 19

Code of ethics, conflict of interest and whistleblower policy and financial information is available on research!america's web site, these and other governing documents are also available upon request.

Filing and Contact Details

Filer

Filer Name
Researchamerica
EIN
52-1609875
Phone
7037392577
Address
241 18TH STREET SOUTH 501, ARLINGTON, VA 22202

Signing Officer

Name
Michael Coburn
Title
Executive Vice President & COO
Phone
7037392577
Signed
2024-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Woolley
Formed
1989
Legal Domicile
Dc
Voting Board Members
34
Independent Board Members
33
Employees
36
Volunteers
60

Preparer

Firm
Han Group LLC
Address
1020 19TH STREET NW SUITE 800, WASHINGTON, DC 20036
Preparer
Jennifer S Han
Phone
2022937000
Supplemental Narrative

Additional Explanations

PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

In collaboration with our members and partners, we continued to push the pace of medical and public health progress to deliver better health for all. Through the research!america alliance, our partners and supporters have closely monitored public sentiment, crafted impactful messages, developed policy champions, and shared timely knowledge and insights critical to effective advocacy. Together in 2023, we made progress on multiple fronts, including increased funding for federal research agencies. As advocates for research, we play a pivotal role in shaping a future that transcends the limitations of today, pursuing the boundless progress in medical and health research, and science and technology writ large, made capable by the dedication of both public and private sectors.

Form 990, Part IX, Line 11G

Program consulting: program service expenses 1,324,207. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,324,207. Consulting services: program service expenses 10,399. Management and general expenses 54,183. Fundraising expenses 8,333. Total expenses 72,915.

Form 990, Part XII, Line 2C

The process remains unchanged from the prior year.

Financial Statement Notes

PART V, LINE 4:

The board of directors has designated an amount of $399,472 for a future use to be determined at a later time and only upon approval of the board. Research!america's endowment was established in february 2020 and consists of one fund, established to support the gordon and llura gund leadership award presented by research!america annually at its advocacy awards event. In 2021, johnson & johnson established a permanent endowment to provide sponsorship support for the public health awards as part of the advocacy awards event.

PART X, LINE 2:

The organization follows the authoritative guidance relating to accounting for uncertainty in income taxes included in accounting standards codification topic 740-10, income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. It is the organization's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expenses. The organization performed an evaluation of uncertain tax positions for the year ended december 31, 2023, and determined that there were no matters that would require recognition on the financial statements or that may have any effect on its tax-exempt status. The statute of limitations generally remains open for three tax years with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the organization files tax returns.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

RENT EXPENSES 22,755.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

RENT EXPENSES 22,755.

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IRS990/Desc0ADVOCATING FOR SCIENCE, DISCOVERY, AND INNOVATION TO ACHIEVE BETTER HEALTH FOR ALL:FOLLOWING OUR STRATEGIC FRAMEWORK, WE WORKED TO BOOST FUNDING IN FISCAL YEAR 2023 FOR FEDERAL RESEARCH AGENCIES, INCLUDING A $2.5 BILLION INCREASE FOR THE NATIONAL INSTITUTES OF HEALTH (NIH) AND A $1 BILLION INCREASE FOR THE NATIONAL SCIENCE FOUNDATION (NSF). OUR EFFORTS HELPED BREAK THE LOGJAM PREVENTING SENATE CONFIRMATION NEW OF THE NIH DIRECTOR; FOSTERED INTERNATIONAL RESEARCH PARTNERSHIPS AND PANDEMIC PREPAREDNESS FUNDING IN SUPPORT OF U.S. AND GLOBAL HEALTH, SECURITY, AND PROSPERITY. ACTIONS TO ACCOMPLISH OUR GOALS INCLUDES 42 CONGRESSIONAL MEETINGS, 22 MEETINGS WITH EXECUTIVE BRANCH OFFICIALS AND KEY FEDERAL STAKEHOLDERS: 153 UNIQUE WRITTEN COMMUNICATIONS AND SIGN-ON LETTERS TO POLICYMAKERS, AND 43 ACTION ALERTS. TO PROVIDE OUR MEMBERS WITH ADVOCACY TOOLS, WE DEVELOPED 40 BRIEFING PAPERS AND ENGAGEMENT RESOURCES, INCLUDING UPDATED FACT SHEETS ON DISEASE THREATS AND EMERGING HEALTH TECHNOLOGIES; AN INFOGRAPHIC AND ON THE R&D PIPELINE; BAYH-DOLE ACT RESOURCES, AND NEW ADVOCACY AND COMMUNICATIONS TOOLS FOR ENGAGING POLICYMAKERS AND THE PUBLIC. WE HOSTED 53 ALLIANCE DISCUSSIONS ON AN ARRAY TO TOPICS TO HELP INFORM MEMBERS AND STAKEHOLDERS. WE ISSUED A WEEKLY NEWSLETTER FROM CEO MARY WOOLLEY PROVIDING TIMELY INFORMATION ON FEDERAL R&D POLICY AND FUNDING DEVELOPMENTS, AS WELL AS ADVOCACY OPPORTUNITIES AND TOOLS.
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IRS990/Form990PartVIISectionAGrp/PersonNm9HON CHARLIE DENT
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IRS990/Form990PartVIISectionAGrp/PersonNm11VICTOR J DZAU MD
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IRS990/Form990PartVIISectionAGrp/PersonNm13AYMAN EL-MOHANDES MBBCH MD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR (AS OF 04/2023)
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR (UNTIL 04/2023)

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$11.9$2.76$9.19$7.00$7.91$0.92
2023Summary only. Only limited summary data is available for this year.$11.9$2.76$9.19$7.00$7.91$0.92
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.2$3.88$9.32$7.45$6.16$1.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$2.83$9.07$10.4$4.45$5.90
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.91$1.89$3.02$4.44$3.68$0.76
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.65$1.46$2.19$3.87$3.83$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$1.34$2.02$3.75$3.73$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$1.32$2.24$3.80$3.69$0.11
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$1.17$2.03$3.45$3.50$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.45$0.41$2.04$3.23$3.35$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.68$0.50$2.18$3.37$3.05$0.32
2013Detailed filing. Detailed filing data is available for this year.$2.34$0.47$1.86$3.19$3.10$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.76$1.77$3.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$1.03$1.74$3.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.87$1.80$3.14