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The Stanley Medical Research Institute

  • Rockville, MD
  • Tax-exempt since Oct. 2001
  • EIN: 06-1610506

Organization summary

Type of Nonprofit

Designated as a 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 / Brain Disorders Research (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

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.

Summary charts: organization finances over time

Revenue
$4.2M (2022)

Expenses
$6.51M (2022)

Total Assets
$78.5M (2022)

Total Liabilities
$250k (2022)

Source: Form 990 tax filings from 2011 to 2022

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 Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,203,285
Expenses
$6,508,094
Net Income
-$2,304,809
Net Assets
$78,221,625
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,724
0.3%
Program Services $0
Investment Income $1,352,551
32.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,826,598
67.2%
Net Inventory Sales $0
Other Revenue $11,412
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $314,207
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $526,576
8.1%
Assets/Debt
Total Assets $78,471,572
Total Liabilities $249,947
Net Assets $78,221,625
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maree J Webster See Sched L (Executive Director) $212,994 $0 $37,253
Sanghyeon Kim (Assoc. Dir. Of Database Mgmt.) $104,741 $0 $44,970
Robert Yolken See Sched O (Trustee) $36,000 $0 $0
E Fuller Torrey See Sched O (Associate Director For Reasearch) $24,686 $0 $3,274
Steven Jones (Trustee) $0 $0 $0
Barbara Torrey (Trustee) $0 $0 $0
Jonathan Stanley (Trustee) $0 $0 $0
Michael Knable See Sched L (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 10, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,081,519
Expenses
$7,003,852
Net Income
-$922,333
Net Assets
$99,237,613
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,611
0.2%
Program Services $0
Investment Income $1,277,712
21.0%
Bond Proceeds $0
Royalties $1,139
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,714,136
77.5%
Net Inventory Sales $0
Other Revenue $75,921
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $313,594
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $464,878
6.6%
Assets/Debt
Total Assets $99,254,523
Total Liabilities $16,910
Net Assets $99,237,613
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maree J Webster (Executive Director) $213,164 $0 $36,477
Robert Yolken See Sched O (Trustee) $36,000 $0 $0
E Fuller Torrey See Sched O (Associate Director For Reasearch) $24,688 $0 $3,265
Barbara Torrey (Trustee) $0 $0 $0
Jonathan Stanley (Trustee) $0 $0 $0
Steven Jones (Trustee) $0 $0 $0
Michael Knable (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on June 15, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,578,535
Expenses
$6,347,201
Net Income
-$2,768,666
Net Assets
$90,167,035
Notable Sources of Revenue Percent of Total Revenue
Contributions $424,761
11.9%
Program Services $0
Investment Income $1,486,971
41.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,620,851
45.3%
Net Inventory Sales $0
Other Revenue $45,952
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $316,240
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $487,180
7.7%
Assets/Debt
Total Assets $90,271,236
Total Liabilities $104,201
Net Assets $90,167,035
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maree J Webster (Executive Director) $215,000 $0 $37,443
Sanghyeon Kim (Assoc. Director Of Database Mgmt) $102,923 $0 $34,630
Robert Yolken See Sched O (Trustee) $36,000 $0 $0
E Fuller Torrey See Sched O (Associate Director For Reasearch) $25,000 $0 $2,797
Barbara Torrey (Trustee) $0 $0 $0
Jonathan Stanley (Trustee) $0 $0 $0
Steven Jones (Trustee) $0 $0 $0
Michael Knable (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 8, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,786,019
Expenses
$9,387,885
Net Income
-$6,601,866
Net Assets
$84,581,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,741
3.1%
Program Services $0
Investment Income $1,808,134
64.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $840,044
30.2%
Net Inventory Sales $0
Other Revenue $52,100
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $311,692
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $537,899
5.7%
Assets/Debt
Total Assets $84,721,035
Total Liabilities $139,851
Net Assets $84,581,184
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maree J Webster (Executive Director) $215,000 $0 $33,129
Sanghyeon Kim (Assoc. Director Of Database Mgmt) $100,904 $0 $29,742
Robert Yolken See Sched O (Trustee) $36,000 $0 $0
E Fuller Torrey See Sched O (Assoc. Dir. For Research) $25,000 $0 $2,563
Steven Jones (Trustee) $0 $0 $0
Barbara Torrey (Trustee) $0 $0 $0
Jonathan Stanley (Trustee) $0 $0 $0
Michael Knable (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 20, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,482,259
Expenses
$11,058,222
Net Income
-$2,575,963
Net Assets
$78,580,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,170
0.0%
Program Services $0
Investment Income $1,738,300
20.5%
Bond Proceeds $0
Royalties $736
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $6,687,159
78.8%
Net Inventory Sales $0
Other Revenue $53,894
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $305,189
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $554,903
5.0%
Assets/Debt
Total Assets $78,671,552
Total Liabilities $91,534
Net Assets $78,580,018
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maree J Webster (Executive Director) $210,000 $0 $31,345
Robert Yolken See Sched O (Trustee) $36,000 $0 $0
E Fuller Torrey See Sched O (Assoc. Dir. For Research) $25,000 $0 $2,844
Peter B Maglathlin (Trustee) $0 $0 $0
Barbara Torrey (Trustee) $0 $0 $0
Jonathan Stanley (Trustee) $0 $0 $0
Michael Knable (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on July 3, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,263,191
Expenses
$12,441,669
Net Income
-$9,178,478
Net Assets
$91,631,284
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,750
0.1%
Program Services $0
Investment Income $1,574,471
48.2%
Bond Proceeds $0
Royalties $880
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,674,386
51.3%
Net Inventory Sales $0
Other Revenue $10,704
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $309,868
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $581,150
4.7%
Assets/Debt
Total Assets $91,968,391
Total Liabilities $337,107
Net Assets $91,631,284
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maree J Webster (Executive Director) $203,200 $0 $42,853
Robert Yolken See Sched O (Trustee) $36,000 $0 $0
E Fuller Torrey See Sched O (Assoc. Dir. For Research) $24,712 $0 $3,103
Peter B Maglathlin (Trustee) $0 $0 $0
Barbara Torrey (Trustee) $0 $0 $0
Jonathan Stanley (Trustee) $0 $0 $0
Michael Knable (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on July 19, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,017,969
Expenses
$13,939,687
Net Income
-$921,718
Net Assets
$90,361,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,276
0.0%
Program Services $0
Investment Income $2,833,198
21.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $42,000
0.3%
Net Fundraising $0
Sales of Assets $9,875,463
75.9%
Net Inventory Sales $0
Other Revenue $265,032
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $333,836
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $593,164
4.3%
Assets/Debt
Total Assets $91,317,668
Total Liabilities $956,192
Net Assets $90,361,476
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Maree J Webster (Executive Director) $204,134 $0 $37,037
E Fuller Torrey See Sched O (Associate Director For Research) $52,197 $0 $4,468
Robert Yolken See Sched O (Trustee) $36,000 $0 $0
Peter B Maglathlin (Trustee) $0 $0 $0
Barbara Torrey (Trustee) $0 $0 $0
Jonathan Stanley (Trustee) $0 $0 $0
Michael Knable (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on July 17, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,058,367
Expenses
$24,468,150
Net Income
-$12,409,783
Net Assets
$96,228,330
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,625
0.1%
Program Services $0
Investment Income $3,248,818
26.9%
Bond Proceeds $0
Royalties $2,456
0.0%
Rental Property Income $84,000
0.7%
Net Fundraising $0
Sales of Assets $8,486,085
70.4%
Net Inventory Sales $0
Other Revenue $229,383
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $334,270
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $588,593
2.4%
Assets/Debt
Total Assets $96,556,847
Total Liabilities $328,517
Net Assets $96,228,330
Compensation
Key Employees and Officers Compensation Related Other
Maree J Webster (Executive Director) $200,000 $0 $41,631
E Fuller Torrey See Sched O (Associate Director For Research) $52,219 $0 $4,420
Robert Yolken See Sched O (Trustee) $36,000 $0 $0
Theodore R Stanley (Trustee) $0 $0 $0
Peter B Maglathlin (Trustee) $0 $0 $0
Barbara Torrey (Trustee) $0 $0 $0
Jonathan Stanley (Trustee) $0 $0 $0
+ View more people

Document Links

990
Filed on July 11, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,886,472
Expenses
$27,605,034
Net Income
-$21,718,562
Net Assets
$118,603,565
Notable Sources of Revenue Percent of Total Revenue
Contributions $70,960
1.2%
Program Services $0
Investment Income $4,335,029
73.6%
Bond Proceeds $0
Royalties $11,265
0.2%
Rental Property Income $84,000
1.4%
Net Fundraising $0
Sales of Assets $1,296,651
22.0%
Net Inventory Sales $0
Other Revenue $88,567
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $321,911
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $572,396
2.1%
Assets/Debt
Total Assets $124,151,653
Total Liabilities $5,548,088
Net Assets $118,603,565

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,353,693
Expenses
$47,494,506
Net Income
-$26,140,813
Net Assets
$141,533,878
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,450
0.0%
Program Services $0
Investment Income $3,027,683
14.2%
Bond Proceeds $0
Royalties $7,887
0.0%
Rental Property Income $84,000
0.4%
Net Fundraising $0
Sales of Assets $18,222,052
85.3%
Net Inventory Sales $0
Other Revenue $8,621
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $315,343
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $667,093
1.4%
Assets/Debt
Total Assets $151,855,434
Total Liabilities $10,321,556
Net Assets $141,533,878

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,146,927
Expenses
$32,005,927
Net Income
$2,141,000
Net Assets
$175,580,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,783
0.0%
Program Services $0
Investment Income $5,648,750
16.5%
Bond Proceeds $0
Royalties $161
0.0%
Rental Property Income $84,000
0.2%
Net Fundraising $0
Sales of Assets $20,714,778
60.7%
Net Inventory Sales $0
Other Revenue $7,695,455
22.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $303,418
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $656,457
2.1%
Assets/Debt
Total Assets $175,822,019
Total Liabilities $241,782
Net Assets $175,580,237

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,231,969
Expenses
$35,079,169
Net Income
-$26,847,200
Net Assets
$179,937,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,041
0.0%
Program Services $0
Investment Income $4,073,245
49.5%
Bond Proceeds $0
Royalties $73,912
0.9%
Rental Property Income $92,000
1.1%
Net Fundraising $0
Sales of Assets $3,644,915
44.3%
Net Inventory Sales $0
Other Revenue $343,856
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $292,701
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $611,526
1.7%
Assets/Debt
Total Assets $182,929,965
Total Liabilities $2,992,673
Net Assets $179,937,292

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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 »

Byline

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.

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