Jackson Laboratory
- Assets
- $1.1b
- Revenue
- $460.1m
- Investments
- $29.2m
- Employees
- 3,150
- Location
- Bar Harbor, ME
- Founding
- 05/1950
- Data as of
- 12/2019
- EIN
- 01-0211513
Jackson Laboratory Overview
Jackson Laboratory is located in Bar Harbor, ME. The organization was established in 1950. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 12/2019, Jackson Laboratory employed 3,150 individuals. This organization is the central organization for a national or regional group of organizations.
For the year ending 12/2019, Jackson Laboratory generated $460.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $408.2m during the year ending 12/2019. While expenses have increased by 7.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jackson Laboratory has awarded 18 individual grants totaling $3,059,075. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES OF THE LABORATORY ARE SCIENTIFIC, MEDICAL, CHARITABLE, AND EDUCATIONAL TO DISCOVER PRECISE GENOMIC SOLUTIONS FOR DISEASE AND EMPOWER THE BIOMEDICAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND PROVIDE GENETIC RESOURCES - PLEASE SEE SCHEDULE O FOR DETAIL.
BIOMEDICAL RESEARCH - PLEASE SEE SCHEDULE O FOR DETAIL
EDUCATION AND TRAINING - PLEASE SEE SCHEDULE O FOR DETAIL
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Jackson Laboratory Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edison T Liu MD President & CEO | OfficerTrustee | 40 | $1,375,547 |
Aurobindo Nair Executive VP & President Jmcrs | Officer | 40 | $966,644 |
S Catherine Longley Executive Vice President & COO | Officer | 40 | $700,595 |
Kenneth H Fasman Senior Vice President Research | Officer | 40 | $487,127 |
Gregory Leet Vice President For Advancement | 40 | $484,226 | |
John Ryan General Counsel | Officer | 40 | $477,002 |
Jackson Laboratory Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Biotrans Llc Transportation | 12/30/19 | $6,775,569 |
Pc Construction Company Construction Mgmt | 12/30/19 | $7,368,242 |
Johnson Controls Inc Construction Mgmt | 12/30/19 | $2,399,004 |
Eyp Inc Consulting & Design | 12/30/19 | $1,454,677 |
The Whiting Turner Contracting Construction Mgmt | 12/30/19 | $33,008,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,676,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,397,600 |
| Noncash contributions included in lines 1a–1f | $377,998 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,073,861 |
| Total Program Service Revenue | $318,712,842 |
| Investment income | $12,434,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,169,464 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,611,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $460,123,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $220,769 |
| Grants and other assistance to domestic individuals. | $2,221,988 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,312,573 |
| Compensation of current officers, directors, key employees. | $3,239,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,595,129 |
| Pension plan accruals and contributions | $13,416,141 |
| Other employee benefits | $31,242,237 |
| Payroll taxes | $11,998,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,698,077 |
| Fees for services: Accounting | $311,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $266,910 |
| Fees for services: Other | $13,816,642 |
| Advertising and promotion | $1,859,732 |
| Office expenses | $2,725,078 |
| Information technology | $9,625,921 |
| Royalties | $1,218,798 |
| Occupancy | $16,211,391 |
| Travel | $9,755,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $428,394 |
| Interest | $5,892,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,924,263 |
| Insurance | $2,047,063 |
| All other expenses | $1,425,413 |
| Total functional expenses | $408,212,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $199,084,460 |
| Pledges and grants receivable | $17,352,319 |
| Accounts receivable, net | $31,195,679 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,393,900 |
| Prepaid expenses and deferred charges | $5,588,678 |
| Net Land, buildings, and equipment | $526,993,136 |
| Investments—publicly traded securities | $277,161,838 |
| Investments—other securities | $29,242,594 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,677,940 |
| Total assets | $1,111,690,544 |
| Accounts payable and accrued expenses | $54,224,582 |
| Grants payable | $0 |
| Deferred revenue | $9,335,022 |
| Tax-exempt bond liabilities | $206,720,359 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,087,848 |
| Total liabilities | $276,367,811 |
| Net assets without donor restrictions | $763,582,588 |
| Net assets with donor restrictions | $71,740,145 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,111,690,544 |
Jackson Laboratory Grants Awarded
Over the last fiscal year, Jackson Laboratory has awarded $187,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF BAR HARBOR PURPOSE: GENERAL SUPPORT | $104,500 |
CITY OF ELLSWORTH PURPOSE: SUPPORT GENERAL SUPPORT GENERAL SUPPORT | $50,000 |
Cromwell, CT PURPOSE: SUPPORT GENERAL SUPPORT | $10,000 |
New Haven, CT PURPOSE: GENERAL SUPPORT | $9,000 |
Washington, DC PURPOSE: SUPPORT GENERAL SUPPORT | $8,000 |
Bangor, ME PURPOSE: GENERAL SUPPORT | $6,000 |
Jackson Laboratory Grants Recieved
Over the last fiscal year, we have identified 8 grants that Jackson Laboratory has recieved totaling $88,100.
| Awarding Organization | Amount |
|---|---|
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO GENERAL FUND | $31,500 |
Frank Gerrity Charitable Tr Braintree, MA PURPOSE: GENERAL GRANT | $25,000 |
Rett Syndrome Research Trust Inc Trumbull, CT PURPOSE: MOUSE MODELS ALLELIC SERIES | $11,500 |
Prior Family Foundation St Thomas, VI PURPOSE: HELIX FUND | $10,000 |
Rock Foundation San Francisco, CA PURPOSE: CHARITABLE | $7,500 |
Kenwood Foundation Boston, MA PURPOSE: UNRESTRICTED FOR GENERAL | $1,500 |
Endowment Analysis
| Beg. Balance | $261,889,680 |
| Earnings | $46,408,311 |
| Net Contributions | $3,045,938 |
| Other Expense | $4,773,671 |
| Grants | $166,468 |
| Ending Balance | $306,403,790 |
Jackson Laboratory Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Broad Institute Inc Cambridge, MA | $1,666,576,375 | $586,860,976 |
Jackson Laboratory Bar Harbor, ME | $1,111,690,544 | $460,123,417 |
Dana Farber Mass General Brigham Cancer Care Inc Boston, MA | $29,516,581 | $87,429,489 |
Whitehead Institute For Biomedical Research Cambridge, MA | $712,253,042 | $72,327,232 |
Pan-Massachusetts Challenge Inc Needham, MA | $3,864,539 | $68,264,194 |
Third Sector New England Inc Boston, MA | $110,017,543 | $70,555,519 |
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