Howard Hughes Medical Institute

Heidi Henning

Chevy Chase, MD
Tax-exempt since March 1957
EIN: 59-0735717

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Medical Research / Biomedicine, Bioengineering Research (NTEE)

Donations to this organization are tax deductible.

Details

According to its Aug. 2023 tax filing, this nonprofit:

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$749M (2023)

Expenses

$1.15B (2023)

Total Assets

$25.9B (2023)

Total Liabilities

$1.72B (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2023

Revenue

$749,022,788

Expenses

$1,147,090,579

Net Income

-$398,067,791

Net Assets

$24,177,090,209

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,027,136	0.3%
Program Services	$4,779,831	0.6%
Investment Income	$173,786,251	23.2%
Bond Proceeds	$4,651,934	0.6%
Royalties	$22,531,008	3.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$540,546,574	72.2%
Net Inventory Sales	$0
Other Revenue	$700,054	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,089,142	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$333,245,707	29.1%

Assets/Debt
Total Assets	$25,892,499,538
Total Liabilities	$1,715,409,329
Net Assets	$24,177,090,209

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Koch (Vp & Chief Investment Officer)	$2,471,389	$0	$69,294
Gregory Deninno (Managing Director, Private Markets (Thru 9/22))	$2,164,572	$0	$47,533
Richard A Pender (Managing Director, Public Markets (Thru 4/23))	$1,624,385	$0	$61,873
Erin K O'shea Phd (President)	$1,579,347	$0	$60,541
Glen Zwicker (Managing Director & Head Of Investment Ops)	$1,370,091	$0	$67,763
Mark Sproles (Managing Director, Private Markets)	$950,676	$0	$32,177
Sean B Carroll Phd (Vp For Science & Educational Media Group)	$830,494	$0	$53,551
Richard Axel Phd (Investigator)	$750,671	$0	$54,145
Heidi E Henning Esq (Vp & General Counsel & Secretary)	$743,698	$0	$67,468
Ronald Vale Phd (Vp & Exec Dir, Janelia Research Campus)	$723,393	$0	$61,864
Leslie B Vosshall Phd (Vp & Chief Scientific Officer)	$672,222	$0	$65,705
Daniel A Cronin Phd (Vp & Chief Financial & Operating Officer (Thru 1/23))	$671,153	$0	$46,419
David E Clapham Phd (Senior Group Leader/Former Vp & Chief Science Officer)	$633,140	$0	$64,480
Gerald M Rubin Phd (Senior Group Leader/Former Vp&Exec Dir, Jrc)	$566,244	$0	$55,467
Dennis Mckearin Phd (Senior Scientific Officer/Former Vp Of Operations)	$473,061	$0	$52,389
Bodo Stern Phd (Chief Of Strategic Initiatives)	$412,714	$0	$47,118
Ann K Batlle Esq (Deputy General Counsel & Assistant Secretary (Thru 2/23))	$379,750	$0	$64,069
Kristina Heiberger (Deputy General Counsel & Assistant Secretary (As Of 2/23))	$286,350	$0	$72,870
Natasha Neises (Senior Director, Financial Planning & Analysis)	$268,438	$0	$39,228
Monique L Marcus (Controller (Thru 9/22))	$240,170	$0	$43,263
Jeremy Compton (Associate Controller & Assistant Treasurer)	$216,469	$0	$33,018
Susan S Plotnick (Director Of Finance & Assistant Treasurer (Thru 6/22))	$165,867	$0	$23,545
Blanton Tolbert Phd (Vice President Of Science Leadership And Culture (As Of 11/22))	$118,714	$0	$11,711
Clayton S Rose Phd (Trustee, Chair)	$100,000	$0	$0
Lynne Lochte (Chief Financial Officer & Treasurer (As Of 8/23))	$84,619	$0	$18,038
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990

Filed on Feb. 21, 2024

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Fiscal Year Ending Aug.
2022

Revenue

$2,117,477,557

Expenses

$986,289,955

Net Income

$1,131,187,602

Net Assets

$24,039,668,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,025,577	0.1%
Program Services	$3,865,374	0.2%
Investment Income	$242,965,427	11.5%
Bond Proceeds	$0
Royalties	$23,989,529	1.1%
Rental Property Income	-$253,074
Net Fundraising	$0
Sales of Assets	$1,844,489,472	87.1%
Net Inventory Sales	$0
Other Revenue	$395,252	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,626,166	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$303,929,508	30.8%

Assets/Debt
Total Assets	$25,877,392,654
Total Liabilities	$1,837,723,670
Net Assets	$24,039,668,984

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Landis Zimmerman (Vp & Chief Investment Officer (Thru 6/21))	$1,588,435	$0	$46,481
Erin K O'shea Phd (President)	$1,484,549	$0	$64,350
Richard A Pender (Managing Director, Public Markets)	$1,480,088	$0	$64,173
Donald Koch (Vp & Chief Investment Officer)	$1,379,324	$0	$68,162
Gregory Deninno (Managing Director, Private Markets)	$1,279,721	$0	$50,754
Glen Zwicker (Managing Director & Head Of Investment Ops)	$996,843	$0	$67,298
Eric Kandel Md (Investigator)	$823,607	$0	$70,910
Sean B Carroll Phd (Vp For Science Education)	$811,334	$0	$56,642
David E Clapham Phd (Vp & Chief Scientific Officer (Thru 1/22)/Senior Group Leader)	$782,127	$0	$71,809
Ronald Vale Phd (Vp & Exec Dir, Janelia Research Campus)	$765,571	$0	$63,866
Robert J Kolyer Jr (Managing Director, Diversifying Assets (Thru 6/21))	$753,975	$0	$48,862
Heidi E Henning Esq (Vp & General Counsel & Secretary)	$730,121	$0	$71,604
Daniel A Cronin Mba Phd (Vp & Chief Financial & Operating Officer)	$713,924	$0	$41,906
Leslie B Vosshall Phd (Investigator/Vp & Chief Scientific Officer (As Of 2/22))	$712,516	$0	$65,832
Gerald M Rubin Phd (Senior Group Leader/Former Vp&Exec Dir, Jrc)	$564,261	$0	$65,745
Lauren T Spiliotes Esq (Deputy General Counsel & Assistant Secretary (Thru 1/22))	$487,926	$0	$57,209
Dennis Mckearin Phd (Senior Scientific Officer/Former Vp Of Operations)	$444,903	$0	$62,548
Bodo Stern Phd (Chief Of Strategic Initiatives)	$405,649	$0	$45,026
Ann K Batlle Esq (Deputy General Counsel & Assistant Secretary (As Of 1/22))	$282,828	$0	$61,989
Susan S Plotnick (Director Of Finance & Assistant Treasurer (Thru 6/22))	$266,862	$0	$58,102
Monique L Marcus (Controller)	$242,818	$0	$60,516
Jeremy Compton (Associate Comptroller (As Of 5/22))	$177,383	$0	$29,037
Clayton S Rose Phd (Trustee, Chair)	$80,000	$0	$0
Alison F Richard Phd (Trustee, Chair Education Comm)	$60,000	$0	$0
Charlene Barshefsky Esq (Trustee, Chair Nom & Gov Comm)	$60,000	$0	$0
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990

Filed on Feb. 22, 2023

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990-T

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Fiscal Year Ending Aug.
2021

Revenue

$2,096,794,078

Expenses

$954,764,083

Net Income

$1,142,029,995

Net Assets

$27,098,934,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,210,362	0.1%
Program Services	$2,223,724	0.1%
Investment Income	$143,928,249	6.9%
Bond Proceeds	$0
Royalties	$19,681,590	0.9%
Rental Property Income	-$856,392
Net Fundraising	$0
Sales of Assets	$1,928,168,269	92.0%
Net Inventory Sales	$0
Other Revenue	$1,438,276	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$14,715,681	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$292,141,724	30.6%

Assets/Debt
Total Assets	$29,343,107,763
Total Liabilities	$2,244,173,151
Net Assets	$27,098,934,612

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Landis Zimmerman (Vp & Chief Investment Officer (Thru 6/21))	$2,337,582	$0	$60,051
Erin H O'shea Phd (President)	$1,423,178	$0	$63,553
Robert J Kolyer Jr (Managing Director, Diversifying Assets (Thru 6/21))	$1,184,575	$0	$64,953
Donald Koch (Vp & Chief Investment Officer (As Of 6/21))	$1,175,988	$0	$66,025
Richard A Pender (Managing Director, Global Equities)	$1,148,219	$0	$63,461
Gregory Deninno (Managing Director, Private Investments)	$989,996	$0	$51,260
Glen Zwicker (Managing Director & Head Of Investment Ops)	$986,909	$0	$67,131
David Clapham Phd (Vp & Chief Scientific Officer)	$842,159	$0	$67,848
Eric Kandel Md (Investigator)	$794,823	$0	$69,980
Sean B Carroll Phd (Vp For Science Education)	$777,424	$0	$55,711
Ronald Vale Phd (Vp & Exec Dir, Janelia Research Campus)	$728,274	$0	$63,995
Richard Axel Md (Investigator)	$723,790	$0	$66,100
Heidi E Henning Esq (Vp & General Counsel & Secretary)	$699,416	$0	$70,468
Tom Cech Phd (Investigator)	$694,658	$0	$65,288
Randy W Schekman Phd (Investigator)	$684,182	$0	$61,744
Robert Tjian Phd (Investigator/Former President)	$599,053	$0	$74,439
Gerald M Rubin Phd (Senior Group Leader/Former Vp&Exec Dir, Jrc)	$581,644	$0	$65,910
Lauren T Spiliotes Esq (Deputy General Counsel & Assistant Secretary)	$467,083	$0	$56,249
Dennis Mckearin Phd (Senior Scientific Officer/Former Vp Of Operations)	$426,884	$0	$60,625
Bodo Stern Phd (Chief Of Strategic Initiatives)	$388,219	$0	$44,391
Daniel A Cronin Mba Phd (Vp & Chief Financial & Operating Officer (As Of 7/20))	$332,646	$0	$33,133
John Palmisano (Chief Of Business Solutions/Former Vp For Information Technology)	$327,827	$0	$45,725
Susan S Plotnick (Director Of Finance & Assistant Treasurer)	$253,852	$0	$63,331
Stephen Jasko (Former Chief Financial Officer & Treasurer)	$235,204	$0	$0
Monique L Marcus (Controller)	$220,514	$0	$57,148
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990

Filed on Feb. 8, 2022

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990-T

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Fiscal Year Ending Aug.
2020

Revenue

$1,467,289,681

Expenses

$947,377,660

Net Income

$519,912,021

Net Assets

$21,231,900,185

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,998,109	0.1%
Program Services	$3,771,764	0.3%
Investment Income	$113,783,652	7.8%
Bond Proceeds	$0
Royalties	$10,517,318	0.7%
Rental Property Income	-$688,957
Net Fundraising	$0
Sales of Assets	$1,337,672,986	91.2%
Net Inventory Sales	$0
Other Revenue	$234,809	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$13,962,872	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$294,737,317	31.1%

Assets/Debt
Total Assets	$23,840,455,852
Total Liabilities	$2,608,555,667
Net Assets	$21,231,900,185

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Erin H O'shea Phd (President)	$1,392,624	$0	$57,747
Landis Zimmerman (Vp & Chief Investment Officer)	$1,068,101	$0	$62,004
Gerald M Rubin Phd (Vp&Exec Dir, Jrc (Until 1/20); Senior Group Leader (As Of 2/20))	$849,941	$0	$117,423
David Clapham Phd (Vp & Chief Scientific Officer)	$819,882	$0	$68,129
Sean B Carroll Phd (Vp For Science Education)	$762,161	$0	$55,923
Eric Kandel Md (Investigator)	$721,060	$0	$66,630
Richard Axel Md (Investigator)	$700,343	$0	$59,995
Glen Zwicker (Managing Director & Head Of Investment Ops)	$694,793	$0	$65,509
Tom Cech Phd (Investigator)	$690,494	$0	$63,537
Heidi E Henning Esq (Vp & General Counsel & Secretary)	$683,985	$0	$66,374
Randy W Schekman Phd (Investigator)	$681,056	$0	$56,792
Robert Tjian Phd (Investigator/Former President)	$594,895	$0	$72,742
Robert J Kolyer Jr (Managing Director, Diversifying Assets)	$563,329	$0	$59,417
Richard A Pender (Managing Director, Global Equities)	$554,482	$0	$60,795
Ronald Vale Phd (Vp & Exec Dir, Janelia Research Campus (As Of 2/20))	$513,211	$0	$61,448
Gregory Deninno (Managing Director, Private Investments)	$470,617	$0	$51,971
Dennis Mckearin Phd (Senior Scientific Officer/Former Vp Of Operations)	$468,787	$0	$61,497
Lauren T Spiliotes Esq (Deputy General Counsel & Assistant Secretary)	$465,218	$0	$54,435
Stephen Jasko (Chief Financial Officer & Treasurer (Until 10/19))	$455,247	$0	$40,865
Bodo Stern Phd (Chief Of Strategic Initiatives)	$380,156	$0	$42,604
John Palmisano (Chief Of Business Solutions/Former Vp For Information Technology)	$310,991	$0	$44,525
Susan S Plotnick (Director Of Finance & Assistant Treasurer)	$248,954	$0	$61,603
Monique L Marcus (Controller)	$214,061	$0	$54,783
Jeremy Compton (Assistant Controller)	$171,487	$0	$27,475
Anne M Tatlock (Trustee, Chair Nom & Gov Comm)	$60,000	$0	$0
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990

Filed on March 18, 2021

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990-T

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Fiscal Year Ending Aug.
2019

Revenue

$1,411,381,183

Expenses

$1,081,673,510

Net Income

$329,707,673

Net Assets

$20,139,285,949

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,857,498	0.2%
Program Services	$2,653,609	0.2%
Investment Income	$171,650,433	12.2%
Bond Proceeds	$0
Royalties	$98,257,025	7.0%
Rental Property Income	-$680,809
Net Fundraising	$0
Sales of Assets	$1,135,554,277	80.5%
Net Inventory Sales	$0
Other Revenue	$1,089,150	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,783,611	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$282,607,451	26.1%

Assets/Debt
Total Assets	$22,544,411,510
Total Liabilities	$2,405,125,561
Net Assets	$20,139,285,949

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Erin K O'shea Phd (President)	$1,249,839	$0	$57,002
Landis Zimmerman (Vp & Chief Investment Officer)	$1,027,952	$0	$63,669
David Clapham Phd (Vp & Chief Sci Off)	$895,532	$0	$67,673
Gerald M Rubin Phd (Vp&Exec Dir,Janelia Res Campus)	$810,772	$0	$124,628
Sean B Carroll Phd (Vp For Science Education)	$738,851	$0	$59,650
Thomas R Cech Phd (Investigator)	$688,504	$0	$62,733
Heidi E Henning Esq (Vp,General Counsel/Sec)	$660,120	$0	$65,939
Eric R Kandel Md (Senior Investigator)	$655,962	$0	$64,410
Frances M Phelan (Chief Of People And Culture)	$615,971	$0	$47,757
Robert Tjian Phd (Investigator)	$584,160	$0	$69,042
Richard Axel Md (Investigator)	$580,766	$0	$50,267
Robert J Kolyer Jr (Man Dir Diversified Assets)	$537,641	$0	$58,818
Richard A Pender (Man Dir Us Equities)	$535,624	$0	$60,526
Stephen Jasko (Cfo & Treasurer)	$531,248	$0	$41,473
Dennis Mckearin Phd (Vp Of Operations Until 6/19)	$465,416	$0	$61,126
Lauren T Spiliotes Esq (Dep Gencounsel/Asst Sec)	$445,401	$0	$59,388
Gregory Deninno (Man Dir Private Equities)	$418,495	$0	$51,068
Bodo Stern Phd (Chief Of Strategic Initiatives)	$352,969	$0	$41,911
Stephen M Kitsoulis (Man Dir Fixed Income Retired 7/18)	$320,118	$0	$36,378
John Palmisano (Chief Of Business Solutions/Former Vp For Information Technology)	$304,043	$0	$48,362
Susan S Plotnick (Assistant Treasurer & Director Finance)	$247,051	$0	$60,772
Monique L Marcus (Controller)	$204,367	$0	$53,406
Kurt L Schmoke Esq (Trustee, Chair)	$60,000	$0	$0
Joseph L Goldstein Md (Trustee, Chair Research Comm)	$50,000	$0	$0
Fred R Lummis (Trustee, Chair Finance Comm)	$50,000	$0	$0
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990

Filed on March 2, 2020

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990-T

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Fiscal Year Ending Aug.
2018

Revenue

$1,527,324,317

Expenses

$925,718,713

Net Income

$601,605,604

Net Assets

$20,369,359,231

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,169,402	0.2%
Program Services	$2,780,883	0.2%
Investment Income	$178,353,858	11.7%
Bond Proceeds	$0
Royalties	$15,163,416	1.0%
Rental Property Income	-$1,063,375
Net Fundraising	$0
Sales of Assets	$1,328,314,168	87.0%
Net Inventory Sales	$0
Other Revenue	$605,965	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,751,771	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$265,272,322	28.7%

Assets/Debt
Total Assets	$23,816,259,445
Total Liabilities	$3,446,900,214
Net Assets	$20,369,359,231

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Landis Zimmerman (Vp & Chief Investment Officer)	$1,083,687	$0	$59,779
Erin K O'shea Phd (President)	$996,882	$0	$55,681
David Clapham Phd (Vp & Chief Sci Off)	$953,196	$0	$64,119
Gerald M Rubin Phd (Vp&Exec Dir,Janelia Res Campus)	$808,767	$0	$123,775
Robert J Kolyer Jr (Man Dir Diversified Assets)	$734,769	$0	$57,883
Sean B Carroll Phd (Vp For Science Education)	$717,286	$0	$57,972
Thomas R Cech Phd (Investigator)	$673,120	$0	$61,546
Eric R Kandel Md (Senior Investigator)	$629,617	$0	$62,926
Heidi E Henning Esq (Vp,General Counsel/Sec)	$622,740	$0	$64,815
Robert Tjian Phd (Investigator)	$572,465	$0	$65,440
Richard A Pender (Man Dir Us Equities)	$539,090	$0	$60,197
Roderick Mackinnon Md (Investigator)	$533,669	$0	$41,082
Richard Axel Md (Investigator)	$520,664	$0	$48,119
Dennis Mckearin Phd (Vp Of Operations)	$478,122	$0	$59,081
Stephen M Kitsoulis (Man Dir Fixed Income)	$438,869	$0	$49,666
Lauren T Spiliotes Esq (Dep Gencounsel/Asst Sec)	$430,145	$0	$60,268
Nitin V Kotak (Former Cfo & Treasurer)	$394,114	$0	$35,027
Gregory Deninno (Man Dir Private Equities)	$364,699	$0	$51,135
Bodo Stern Phd (Chief Dev Elopment & Strategy Off)	$335,817	$0	$41,066
Kathy Wyszynski (Former Vp, Human Resources)	$327,469	$0	$24,165
John Palmisano (Chief Of Business Solutions/Former Vp For Information Technology)	$292,977	$0	$51,289
Susan S Plotnick (Assistant Treasurer & Director Finance)	$251,287	$0	$60,089
Monique L Marcus (Controller)	$201,705	$0	$52,134
Stephen Jasko (Cfo & Treasurer From 11/17)	$64,554	$0	$3,287
Kurt L Schmoke Esq (Trustee, Chairman)	$60,000	$0	$0
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990

Filed on March 20, 2019

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990-T

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PDF (2 of 2)

Fiscal Year Ending Aug.
2017

Revenue

$1,550,547,891

Expenses

$1,043,453,921

Net Income

$507,093,970

Net Assets

$19,309,198,025

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$961,418	0.1%
Program Services	$2,593,242	0.2%
Investment Income	$192,721,183	12.4%
Bond Proceeds	$0
Royalties	$21,446,583	1.4%
Rental Property Income	-$821,903
Net Fundraising	$0
Sales of Assets	$1,332,884,531	86.0%
Net Inventory Sales	$0
Other Revenue	$762,837	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$10,536,023	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$265,167,113	25.4%

Assets/Debt
Total Assets	$22,594,415,758
Total Liabilities	$3,285,217,733
Net Assets	$19,309,198,025

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Landis Zimmerman (Vp & Chief Investment Officer)	$2,943,434	$0	$56,307
Robert J Kolyer Jr (Man Dir Diversified Assets)	$1,379,765	$0	$53,381
Robert Tjian Phd (President Thru 8/16)	$1,294,848	$0	$61,563
Donald Koch (Man Dir Portfolio Strategy)	$1,052,044	$0	$54,365
Richard A Pender (Man Dir Us Equities)	$1,024,984	$0	$53,643
Anil Madhok (Man Dir Investments & Coo)	$958,364	$0	$41,739
Erin K O'shea Phd (President)	$831,324	$0	$45,716
Stephen M Kitsoulis (Man Dir Fixed Income)	$784,355	$0	$46,813
Gerald M Rubin Phd (Vp&Exec Dir,Janelia Res Campus)	$773,105	$0	$114,626
Sean B Carroll Phd (Vp For Science Education)	$702,062	$0	$52,549
Mark A Barnard (Man Dir Private Equities Thru 6/16)	$689,350	$0	$32,021
Thomas R Cech Phd (Investigator)	$655,133	$0	$47,933
Dennis Mckearin Phd (Vp Of Operations)	$618,252	$0	$98,759
Eric R Kandel Md (Senior Investigator)	$615,568	$0	$59,965
Heidi E Henning Esq (Vp,General Counsel/Sec)	$588,945	$0	$56,526
David Clapham Phd (Vp & Chief Sci Off)	$506,885	$0	$54,464
Gregory Deninno (Man Dir Private Equities)	$451,846	$0	$59,943
Nitin V Kotak (Cfo & Treasurer Thru 6/17)	$411,844	$0	$52,709
Lauren T Spiliotes Esq (Dep Gencounsel/Asst Sec)	$403,384	$0	$55,496
John Palmisano (Vp For Information Technology Thru 8/16)	$286,424	$0	$35,335
Kathy Wyszynski (Vp, Human Resources Thru 8/16)	$282,175	$0	$40,923
Susan S Plotnick (Assistant Treasurer & Director Finance)	$242,544	$0	$56,211
Monique L Marcus (Controller)	$197,419	$0	$47,863
Cheryl A Moore (Executive Vp & Coo Thru 1/16)	$129,023	$0	$3,659
Kurt L Schmoke Esq (Trustee, Chairman)	$60,000	$0	$0
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990

Filed on April 20, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Aug.
2016

Revenue

$1,200,320,873

Expenses

$1,133,477,188

Net Income

$66,843,685

Net Assets

$17,775,559,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$19,321,241	1.6%
Program Services	$2,223,162	0.2%
Investment Income	$204,038,300	17.0%
Bond Proceeds	$0
Royalties	$256,701,667	21.4%
Rental Property Income	-$656,916
Net Fundraising	$0
Sales of Assets	$717,686,027	59.8%
Net Inventory Sales	$0
Other Revenue	$1,007,392	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,274,181	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$266,923,649	23.5%

Assets/Debt
Total Assets	$21,082,502,290
Total Liabilities	$3,306,942,737
Net Assets	$17,775,559,553

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Landis Zimmerman (Vp & Chief Investment Officer)	$3,611,224	$0	$56,631
Robert J Kolyer Jr (Man Dir Diversified Assets)	$1,459,392	$0	$54,773
Robert Tjian Phd (President)	$1,364,377	$0	$72,244
Mark A Barnard (Man Dir Private Equities)	$1,280,482	$0	$58,403
Anil Madhok (Man Dir Investments & Coo)	$1,118,843	$0	$41,031
Donald Koch (Man Dir Portfolio Strategy)	$978,620	$0	$58,524
Richard A Pender (Man Dir Us Equities)	$976,092	$0	$53,710
Stephen M Kitsoulis (Man Dir Fixed Income)	$903,019	$0	$47,198
Cheryl A Moore (Executive Vp & Coo)	$891,077	$0	$47,771
Erin K O'shea Phd (Vp & Chief Sci Off)	$753,361	$0	$45,598
Gerald M Rubin Phd (Vp&Exec Dir,Janelia Res Campus)	$744,485	$0	$123,162
Sean B Carroll Phd (Vp For Science Education)	$690,554	$0	$53,014
Thomas R Cech Phd (Investigator)	$629,730	$0	$52,258
Ryan L Matney (Director Diversified Assets)	$603,568	$0	$56,286
Eric R Kandel Md (Senior Investigator)	$596,905	$0	$58,434
Gregory Deninno (Man Dir Private Equities)	$587,265	$0	$56,996
Heidi E Henning Esq (Vp,General Counsel/Sec)	$565,186	$0	$54,742
Nitin V Kotak (Vp, Cfo & Treasurer)	$406,965	$0	$57,153
Lauren T Spiliotes Esq (Dep Gencounsel/Asst Sec)	$382,251	$0	$49,552
Mohamoud Jibrell (Vp For Information Technology)	$320,220	$0	$158,629
Kathy Wyszynski (Vp, Human Resources)	$279,928	$0	$40,532
Susan S Plotnick (Assistant Treasurer & Director Finance)	$235,740	$0	$55,201
Monique L Marcus (Controller)	$183,211	$0	$45,647
Kurt L Schmoke Esq (Trustee, Chairman)	$60,000	$0	$0
Joseph L Goldstein Md (Trustee, Chairman Research Comm)	$56,000	$0	$0
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990

Filed on April 19, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Aug.
2015

Revenue

$1,982,566,539

Expenses

$1,013,599,225

Net Income

$968,967,314

Net Assets

$18,171,235,116

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$66,401	0.0%
Program Services	$2,033,219	0.1%
Investment Income	$202,888,991	10.2%
Bond Proceeds	$600	0.0%
Royalties	$14,769,577	0.7%
Rental Property Income	-$497,848
Net Fundraising	$0
Sales of Assets	$1,760,333,004	88.8%
Net Inventory Sales	$0
Other Revenue	$2,972,595	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,232,263	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$279,778,602	27.6%

Assets/Debt
Total Assets	$21,693,736,438
Total Liabilities	$3,522,501,322
Net Assets	$18,171,235,116

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Landis Zimmerman (Vp & Chief Investment Officer)	$2,919,041	$0	$53,771
Robert Tjian Phd (President)	$1,349,898	$0	$52,230
Robert J Kolyer Jr (Man Dir Diversified Assets)	$1,290,140	$0	$52,499
Richard A Pender (Man Dir Us Equities)	$1,222,924	$0	$51,042
Mark A Barnard (Man Dir Private Equities)	$1,138,326	$0	$51,698
Anil Madhok (Man Dir Investments & Coo)	$968,600	$0	$49,627
Cheryl A Moore (Executive Vp & Coo)	$873,305	$0	$43,522
Stephen M Kitsoulis (Man Dir Fixed Income)	$858,973	$0	$45,297
Gerald M Rubin Phd (Vp&Exec Dir,Janelia Res Campus)	$729,956	$0	$115,740
Erin K O'shea Phd (Vp & Chief Sci Off)	$729,474	$0	$43,306
Sean B Carroll Phd (Vp For Science Education)	$672,231	$0	$50,093
Thomas R Cech Phd (Investigator)	$619,050	$0	$46,274
Ryan L Matney (Director Diversified Assets)	$600,500	$0	$54,739
Dennis Mckearin (Acting Director K Rith & Senior Science Officer)	$590,303	$0	$128,911
Eric R Kandel Md (Senior Investigator)	$587,178	$0	$51,602
Heidi E Henning Esq (Vp,General Counsel/Sec)	$560,095	$0	$51,453
Nitin V Kotak (Vp, Cfo & Treasurer)	$406,101	$0	$52,876
Lauren T Spiliotes Esq (Dep Gencounsel/Asst Sec)	$380,845	$0	$52,800
Mohamoud Jibrell (Vp For Information Technology)	$326,866	$0	$54,835
Kathy Wyszynski (Vp, Human Resources)	$274,563	$0	$35,404
Susan S Plotnick (Assistant Treasurer & Director Finance)	$236,242	$0	$48,624
Monique L Marcus (Assistant Controller)	$184,608	$0	$42,294
Kurt L Schmoke Esq (Trustee, Chairman)	$60,000	$0	$0
Garnett L Keith (Trustee, Chairman Finance Comm)	$50,000	$0	$0
Alison F Richard Phd (Trustee, Chairman Ed&Intl Comm)	$50,000	$0	$0
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990

Filed on March 7, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Aug.
2014

Revenue

$2,003,505,012

Expenses

$1,163,065,944

Net Income

$840,439,068

Net Assets

$18,593,606,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,842,587	0.1%
Investment Income	$275,747,695	13.8%
Bond Proceeds	$13,453	0.0%
Royalties	$11,887,336	0.6%
Rental Property Income	$371,673	0.0%
Net Fundraising	$0
Sales of Assets	$1,712,634,066	85.5%
Net Inventory Sales	$0
Other Revenue	$1,008,202	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,152,144	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$276,579,056	23.8%

Assets/Debt
Total Assets	$21,860,329,641
Total Liabilities	$3,266,722,975
Net Assets	$18,593,606,666

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Landis Zimmerman (Vp & Chief Investment Officer)	$2,843,016	$0	$48,739
Richard A Pender (Man Dir Us Equities)	$1,317,203	$0	$46,612
Robert Tjian Ph D (President)	$1,299,797	$0	$51,324
Robert J Kolyer Jr (Man Dir Diversified Assets)	$1,265,157	$0	$47,191
Mark A Barnard (Man Dir Private Equities)	$1,025,127	$0	$47,875
Anil Madhok (Man Dir Investments & Coo)	$989,038	$0	$45,334
Stephen M Kitsoulis (Man Dir Fixed Income)	$896,868	$0	$46,986
Cheryl A Moore (Executive Vp & Coo)	$843,175	$0	$48,146
Matthew R Lee (Man Dir Inv. Strtgy Thru 8/13)	$836,182	$0	$32,887
Gerald M Rubin Ph D (Vp&Exec Dir,Janelia Res Campus)	$704,229	$0	$115,823
Sean B Carroll Ph D (Vp For Science Education)	$650,660	$0	$45,781
Thomas R Cech Ph D (Investigator)	$601,546	$0	$48,329
Michael B Shaffer (Dir/Senior Trader Thru 12/13)	$597,419	$0	$42,729
Erin K O'shea Ph D (Vp & Chief Sci Off)	$591,858	$0	$45,294
William R Bishai Md Ph D (Lab Head)	$581,142	$0	$45,736
Eric R Kandel Md (Senior Investigator)	$570,133	$0	$53,561
Craig A Alexander Esq (Vp,Gen Counsel&Sec Thru 4/13)	$552,381	$0	$22,287
Heidi E Henning Esq (Vp,General Counsel/Sec)	$503,753	$0	$47,064
Jack E Dixon Ph D (Vp/Chief Sci Off Thru 6/13)	$466,017	$0	$39,813
Nitin V Kotak (Vp, Cfo & Treasurer)	$401,043	$0	$46,671
Lauren T Spiliotes Esq (Dep Gen Counsel/Asst Sec)	$343,911	$0	$48,392
Mohamoud Jibrell (Vp For Information Technology)	$300,744	$0	$50,318
Kathy Wyszynski (Vp, Human Resources)	$274,576	$0	$34,511
Susan S Plotnick (Assistant Treasurer & Director)	$233,719	$0	$44,389
Monique L Marcus (Assistant Controller)	$181,323	$0	$37,542
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990

Filed on April 15, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2013

Revenue

$1,352,946,588

Expenses

$1,053,985,963

Net Income

$298,960,625

Net Assets

$16,901,006,477

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,390,495	0.1%
Investment Income	$236,498,389	17.5%
Bond Proceeds	$572,141	0.0%
Royalties	$15,786,706	1.2%
Rental Property Income	$52,288	0.0%
Net Fundraising	$0
Sales of Assets	$1,098,137,314	81.2%
Net Inventory Sales	$0
Other Revenue	$509,255	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,052,298	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$269,729,778	25.6%

Assets/Debt
Total Assets	$19,677,721,527
Total Liabilities	$2,776,715,050
Net Assets	$16,901,006,477

990

Filed on April 30, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2012

Revenue

$1,236,292,903

Expenses

$1,084,168,259

Net Income

$152,124,644

Net Assets

$15,781,109,296

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,613,333	0.1%
Investment Income	$236,278,337	19.1%
Bond Proceeds	$44	0.0%
Royalties	$10,527,775	0.9%
Rental Property Income	-$151,598
Net Fundraising	$0
Sales of Assets	$987,511,371	79.9%
Net Inventory Sales	$0
Other Revenue	$513,641	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$13,981,347	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$265,888,659	24.5%

Assets/Debt
Total Assets	$18,117,543,067
Total Liabilities	$2,336,433,771
Net Assets	$15,781,109,296

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Aug.
2011

Revenue

$1,046,733,478

Expenses

$983,647,611

Net Income

$63,085,867

Net Assets

$15,739,866,136

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,252,708	0.1%
Investment Income	$282,070,507	26.9%
Bond Proceeds	$8,514	0.0%
Royalties	$8,806,547	0.8%
Rental Property Income	-$823,961
Net Fundraising	$0
Sales of Assets	$754,919,828	72.1%
Net Inventory Sales	$0
Other Revenue	$499,335	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$13,181,480	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$251,571,950	25.6%

Assets/Debt
Total Assets	$18,237,793,953
Total Liabilities	$2,497,927,817
Net Assets	$15,739,866,136

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Howard Hughes Medical Institute

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $749M (2023)

Expenses $1.15B (2023)

Total Assets $25.9B (2023)

Total Liabilities $1.72B (2023)

Tax Filings by Year

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

990-T

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$749M (2023)

Expenses

$1.15B (2023)

Total Assets

$25.9B (2023)

Total Liabilities

$1.72B (2023)

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002