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Morgridge Institute Foundation Inc

  • Madison, WI
  • Tax-exempt since Dec. 2017
  • EIN: 82-2760376

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 / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$44.2M (2024)

Expenses
$21.8M (2024)

Total Assets
$520M (2024)

Total Liabilities
$25.3M (2024)

Source: Form 990 tax filings from 2018 to 2024

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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,197,120
Expenses
$21,840,912
Net Income
$22,356,208
Net Assets
$495,192,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,851,740
58.5%
Program Services $0
Investment Income $5,215,026
11.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,130,354
29.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $520,497,197
Total Liabilities $25,304,924
Net Assets $495,192,273
Compensation
Key Employees and Officers Compensation Related Other
Brad Schwartz (Ceo/Trustee) $0 $521,700 $50,535
Kathi Stanek (Cfo/Coo/Treasurer) $0 $339,900 $48,592
Brian Mattmiller (Chief Communications Off./Secretary) $0 $218,247 $47,845
Jacquelyn Fredrick (Trustee/Chair) $0 $15,000 $0
Mary Burke (Trustee) $0 $15,000 $0
John Burris (Trustee) $0 $15,000 $0
Harvey Cohen (Trustee) $0 $15,000 $0
James Dahlberg (Trustee) $0 $15,000 $0
Erik Iverson (Trustee) $0 $15,000 $0
Deborah Keller (Trustee) $0 $15,000 $0
Patricia Lipton (Trustee) $0 $15,000 $0
John Neis (Trustee) $0 $15,000 $0
Thomas Pyle Jr (Trustee) $0 $15,000 $0
Winslow L Sargeant (Trustee) $0 $15,000 $0
Tess Morgridge Gardner (Trustee) $0 $10,000 $0
Eric Morgridge (Trustee) $0 $10,000 $0
Thomas Krummel (Trustee (Until 2/2024)) $0 $10,000 $0
Fred Robertson (Trustee/Vice Chair) $0 $0 $0
John Morgridge (Trustee) $0 $0 $0
Tashia Morgridge (Trustee) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2024

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

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$254,947
Expenses
$16,523,025
Net Income
-$16,268,078
Net Assets
$450,431,742
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,822,102
> 100%
Program Services $0
Investment Income $3,650,129
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$32,217,284
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $474,107,649
Total Liabilities $23,675,907
Net Assets $450,431,742
Compensation
Key Employees and Officers Compensation Related Other
Brad Schwartz (Ceo/Trustee) $0 $481,873 $48,382
Kathi Stanek (Cfo/Coo/Treasurer) $0 $328,716 $46,224
Brian Mattmiller (Chief Communications Off./Secretary) $0 $196,597 $44,475
Mary Burke (Trustee) $0 $15,000 $0
John Burris (Trustee) $0 $15,000 $0
Harvey Cohen (Trustee) $0 $15,000 $0
James Dahlberg (Trustee) $0 $15,000 $0
Jacquelyn Fredrick (Trustee/Chair) $0 $15,000 $0
Erik Iverson (Trustee) $0 $15,000 $0
Deborah Keller (Trustee) $0 $15,000 $0
Patricia Lipton (Trustee) $0 $15,000 $0
John Neis (Trustee) $0 $15,000 $0
Thomas Pyle Jr (Trustee) $0 $15,000 $0
Winslow L Sargeant (Trustee) $0 $15,000 $0
Thomas Krummel (Trustee) $0 $5,000 $0
John Morgridge (Trustee) $0 $0 $0
Tashia Morgridge (Trustee) $0 $0 $0
Tess Morgridge Gardner (Trustee) $0 $0 $0
Eric Morgridge (Trustee) $0 $0 $0
Fred Robertson (Trustee/Vice Chair) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2023

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,336,859
Expenses
$16,372,047
Net Income
$19,964,812
Net Assets
$425,362,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,649,469
18.3%
Program Services $0
Investment Income $896,283
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,791,107
79.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $447,011,596
Total Liabilities $21,649,302
Net Assets $425,362,294
Compensation
Key Employees and Officers Compensation Related Other
Erik Iverson (Trustee) $0 $640,596 $151,459
Brad Schwartz (Ceo/Trustee) $0 $487,270 $47,376
Kathi Stanek (Cfo/Coo/Treasurer) $0 $319,186 $44,949
Brian Mattmiller (Chief Communications Dir./Secretary) $0 $190,913 $42,976
Patricia Lipton (Trustee) $0 $39,000 $0
Deborah Keller (Trustee) $0 $39,000 $0
Winslow L Sargeant (Trustee) $0 $39,000 $0
Mary Burke (Trustee) $0 $15,000 $0
Harvey Cohen (Trustee) $0 $15,000 $0
James Dahlberg (Trustee) $0 $15,000 $0
John Neis (Trustee) $0 $15,000 $0
Jacquelyn Fredrick (Trustee) $0 $15,000 $0
John Burris (Trustee) $0 $15,000 $0
Carl Gulbrandsen (Trustee/Chair) $0 $15,000 $0
Thomas Pyle Jr (Trustee) $0 $10,000 $0
Thomas Krummel (Trustee) $0 $5,000 $0
John Morgridge (Trustee) $0 $0 $0
Tashia Morgridge (Trustee) $0 $0 $0
Fred Robertson (Trustee/Vice Chair) $0 $0 $0
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Document Links

990
Filed on Nov. 11, 2022

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

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,942,129
Expenses
$15,451,836
Net Income
$59,490,293
Net Assets
$470,983,974
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,233,137
17.7%
Program Services $0
Investment Income $1,655,214
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $60,053,778
80.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $491,309,219
Total Liabilities $20,325,245
Net Assets $470,983,974
Compensation
Key Employees and Officers Compensation Related Other
Erik Iverson (Trustee) $0 $650,323 $188,595
Brad Schwartz (Ceo/Trustee) $0 $460,959 $45,972
Kathi Stanek (Cfo/Coo/Treasurer) $0 $312,814 $44,232
Brian Mattmiller (Chief Communications Dir./Secretary) $0 $188,573 $42,714
Patricia Lipton (Trustee) $0 $39,000 $0
Deborah Keller (Trustee) $0 $37,000 $0
Winslow L Sargeant (Trustee) $0 $37,000 $0
Mary Burke (Trustee) $0 $15,000 $0
Harvey Cohen (Trustee) $0 $15,000 $0
James Dahlberg (Trustee) $0 $15,000 $0
Jacquelyn Fredrick (Trustee) $0 $15,000 $0
Thomas Krummel (Trustee) $0 $15,000 $0
Terri Potter (Trustee Until 6/30/2021) $0 $15,000 $0
Thomas Pyle Jr (Trustee) $0 $15,000 $0
Carl Gulbrandsen (Trustee/Chair) $0 $15,000 $0
John Neis (Trustee) $0 $10,000 $0
John Burris (Trustee) $0 $0 $0
Susan Engeleiter (Trustee Until 10/31/2020) $0 $0 $0
John Morgridge (Trustee) $0 $0 $0
Tashia Morgridge (Trustee) $0 $0 $0
Fred Robertson (Trustee/Vice Chair) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2021

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,735,688
Expenses
$17,237,338
Net Income
$5,498,350
Net Assets
$360,435,442
Notable Sources of Revenue Percent of Total Revenue
Contributions $241,578
1.1%
Program Services $0
Investment Income $1,469,415
6.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $21,024,695
92.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $372,885,756
Total Liabilities $12,450,314
Net Assets $360,435,442
Compensation
Key Employees and Officers Compensation Related Other
Erik Iverson (Trustee) $0 $657,178 $127,929
Brad Schwartz (Trustee/Ceo) $0 $519,033 $44,675
Kathi Stanek (Cfo/Treasurer) $0 $335,754 $43,805
Brian Mattmiller (Communications Director/Secretary) $0 $191,623 $42,676
Winslow L Sargeant (Trustee) $0 $39,000 $0
Carol Skornicka (Trustee Until 6 30 2020) $0 $39,000 $0
Patricia Lipton (Trustee) $0 $37,000 $0
Jim Berbee (Trustee Until 6 30 2020) $0 $36,000 $0
Deborah Keller (Trustee) $0 $24,000 $0
Terri Potter (Trustee) $0 $15,000 $0
Thomas Pyle Jr (Trustee) $0 $15,000 $0
Mary Burke (Trustee) $0 $15,000 $0
Harvey Cohen (Trustee) $0 $15,000 $0
John Burris (Trustee) $0 $15,000 $0
Carl Gulbrandsen (Trustee/Chair) $0 $15,000 $0
Thomas Krummel (Trustee) $0 $15,000 $0
Jacquelyn Fredrick (Trustee) $0 $10,000 $0
James Dahlberg (Trustee) $0 $10,000 $0
John Neis (Trustee) $0 $0 $0
Tashia Morgridge (Trustee) $0 $0 $0
Susan Engeleiter (Trustee) $0 $0 $0
John Morgridge (Trustee) $0 $0 $0
Fred Robertson (Trustee/Vice Chair) $0 $0 $0
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Document Links

990
Filed on Nov. 11, 2020

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,525,396
Expenses
$14,494,298
Net Income
-$4,968,902
Net Assets
$357,972,714
Notable Sources of Revenue Percent of Total Revenue
Contributions $805,268
8.5%
Program Services $0
Investment Income $726,613
7.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,993,515
83.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $367,425,182
Total Liabilities $9,452,468
Net Assets $357,972,714
Compensation
Key Employees and Officers Compensation Related Other
Carl Gulbrandsen (Trustee/Vice Chair) $0 $15,000 $0
John Morgridge (Trustee) $0 $0 $0
Tashia Morgridge (Trustee) $0 $0 $0
Patricia Lipton (Trustee/Treasurer) $0 $15,000 $0
Harvey Cohen (Trustee) $0 $15,000 $0
Terri Potter (Trustee) $0 $15,000 $0
Jim Berbee (Trustee) $0 $5,000 $0
John Burris (Trustee) $0 $15,000 $0
James Dahlberg (Trustee/Secretary) $0 $15,000 $0
Fred Robertson (Trustee/Chair) $0 $0 $0
Thomas Pyle Jr (Trustee) $0 $15,000 $0
Carol Skornicka (Trustee) $0 $15,000 $0
Brad Schwartz (Executive Director) $0 $461,067 $52,395
Thomas Krummel (Trustee) $0 $15,000 $0
Mary Burke (Trustee) $0 $15,000 $0
Erik Iverson (Trustee) $0 $629,722 $107,814
Winslow L Sargeant (Trustee) $0 $15,000 $0
Jackie Fredrick (Trustee) $0 $0 $0
Kathi Stanek (Cfo/Treasurer) $0 $301,572 $45,450
Brian Mattmiller (Communications Director/Secretary) $0 $179,907 $41,976
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Document Links

990
Filed on Nov. 15, 2019

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

View Filing
PDF XML
990-T

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

PDF

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$371,014,465
Expenses
$10,820,396
Net Income
$360,194,069
Net Assets
$347,326,532
Notable Sources of Revenue Percent of Total Revenue
Contributions $363,180,534
97.9%
Program Services $0
Investment Income $376,038
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,457,893
2.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $355,540,214
Total Liabilities $8,213,682
Net Assets $347,326,532
Compensation
Key Employees and Officers Compensation Related Other
Carl Gulbrandsen (Trustee/Vice Chair) $0 $20,000 $0
John Morgridge (Trustee) $0 $0 $0
Tashia Morgridge (Trustee) $0 $0 $0
Patricia Lipton (Trustee/Treasurer) $0 $20,000 $0
Harvey Cohen (Trustee) $0 $20,000 $0
Terri Potter (Trustee) $0 $20,000 $0
Jim Berbee (Trustee) $0 $15,000 $0
John Burris (Trustee) $0 $15,000 $0
James Dahlberg (Trustee/Secretary) $0 $20,000 $0
Fred Robertson (Trustee/Chair) $0 $0 $0
Thomas Pyle Jr (Trustee) $0 $15,000 $0
Carol Skornicka (Trustee) $0 $20,000 $0
Brad Schwartz (Executive Director) $0 $445,272 $44,459
Thomas Krummel (Trustee) $0 $10,000 $0
Mary Burke (Trustee) $0 $20,000 $0
Erik Iverson (Trustee) $0 $631,153 $89,948
Winslow L Sargeant (Trustee) $0 $15,000 $0
Kathi Stanek (Chief Financial Officer) $0 $292,924 $42,568
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Document Links

990
Filed on April 24, 2019

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

View Filing
PDF XML

About This Data

What Is 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.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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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