Addgene Inc
- Assets
- $22.1m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 150
- Location
- Watertown, MA
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 90-0133592
Organization Overview
Addgene Inc is located in Watertown, MA. The organization was established in 2005. According to its NTEE Classification (H30) the organization is classified as: Cancer Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Addgene Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Addgene Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Addgene Inc generated $24.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $20.3m during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADDGENE, INC. PROVIDES RESEARCH SUPPORT SERVICE DEDICATED TO ARCHIVING AND DISTRIBUTING PLASMIDS THAT APPEAR IN PUBLISHED ARTICLES. BY LINKING PLASMIDS WITH PUBLICATIONS, SCIENTISTS ARE ALWAYS CONNECTED TO DATA GENERATED FROM THE MATERIALS THAT THEY ARE REQUESTING. THE COMPANY'S GOAL IS TO COMPILE A COMPREHENSIVE LIBRARY OF PLASMIDS TO FACILITATE RESEARCH AND DISCOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STORAGE AND DISTRIBUTION OF DNA-BASED REAGENTS IN SUPPORT OF SCIENTIFIC RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Niewood President/exec Dir. (ended 05/21) | OfficerTrustee | 40 | $263,148 |
Melina Fan Dir/chief Scientific Officer | OfficerTrustee | 40 | $236,226 |
Daniela Bourges-Waldegg Chief Technology Officer | Officer | 40 | $205,805 |
Andrew Baltus Chief Operating Officer | Officer | 40 | $200,345 |
Michael Lohnes Chief Financial Officer | Officer | 40 | $174,403 |
Meghan Rego Director, Antibodies | 40 | $165,257 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newtek Merchant Solutions Technology | 12/30/21 | $263,153 |
Fedex Shipping | 12/30/21 | $391,496 |
Ups Shipping | 12/30/21 | $1,933,984 |
Vwr International Llc Lab Services | 12/30/21 | $450,194 |
Lgc Limited Consulting Services | 12/30/21 | $349,067 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $717,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,933 |
| Total Program Service Revenue | $23,023,653 |
| Investment income | $372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,985,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,194 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,079,927 |
| Compensation of current officers, directors, key employees. | $323,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,269,457 |
| Pension plan accruals and contributions | $138,362 |
| Other employee benefits | $1,341,104 |
| Payroll taxes | $686,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,142 |
| Fees for services: Accounting | $37,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $571,064 |
| Advertising and promotion | $113,221 |
| Office expenses | $343,336 |
| Information technology | $223,464 |
| Royalties | $0 |
| Occupancy | $2,315,667 |
| Travel | $6,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $446,688 |
| Insurance | $53,193 |
| All other expenses | $73,978 |
| Total functional expenses | $20,258,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,744,108 |
| Savings and temporary cash investments | $1,567,251 |
| Pledges and grants receivable | $717,933 |
| Accounts receivable, net | $1,389,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,030,842 |
| Prepaid expenses and deferred charges | $244,610 |
| Net Land, buildings, and equipment | $1,421,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,116,271 |
| Accounts payable and accrued expenses | $1,782,002 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $819,468 |
| Total liabilities | $2,601,470 |
| Net assets without donor restrictions | $19,324,801 |
| Net assets with donor restrictions | $190,000 |
| 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 | $22,116,271 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Addgene Inc has recieved totaling $190,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $190,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cancer Research Institute Inc New York, NY | $130,438,312 | $33,675,150 |
Lake Champlain Cancer Research Org Inc Essex Jct, VT | $0 | $292,033 |
Addgene Inc Watertown, MA | $22,116,271 | $23,985,910 |
Count Me In Inc Cambridge, MA | $7,331,909 | $8,017,841 |
Lung Cancer Research Foundation New York, NY | $5,738,095 | $6,154,252 |
The Ricbac Foundation Newtonville, MA | $46,150,580 | $5,404,964 |
Samuel Waxman Cancer Research Foundation New York, NY | $4,834,675 | $2,510,809 |
Advanced Medical Research Foundation Inc Brookline, MA | $69,323,551 | $6,501,514 |
International Myeloma Society Needham, MA | $7,371,497 | $4,469,545 |
Laniado Development Fund Inc Monsey, NY | $541,683 | $1,706,128 |
American-Italian Cancer Foundation New York, NY | $5,209,552 | $1,660,961 |
Stachestrong Inc Vestal, NY | $447,946 | $1,183,926 |