Buck Institute For Research On Aging
- Assets
- $143.5m
- Revenue
- $40.7m
- Investments
- $92.6k
- Employees
- 267
- Location
- Novato, CA
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 94-3030609
Organization Overview
Buck Institute For Research On Aging is located in Novato, CA. The organization was established in 2014. According to its NTEE Classification (V99) the organization is classified as: Social Science N.E.C., under the broad grouping of Social Science and related organizations. As of 06/2021, Buck Institute For Research On Aging employed 267 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buck Institute For Research On Aging 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 06/2021, Buck Institute For Research On Aging generated $40.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $44.4m during the year ending 06/2021. While expenses have increased by 5.6% per year over the past 6 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 2020, Buck Institute For Research On Aging has awarded 36 individual grants totaling $6,000,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUCK INSTITUTE FOR RESEARCH ON AGING IS DEDICATED TO IMPROVING THE HEALTH SPAN OF INDIVIDUALS.
Describe the Organization's Program Activity:
THE BUCK INSTITUTE FOR RESEARCH ON AGING (THE "INSTITUTE") IS A NONPROFIT CHARITABLE ENTITY.THE MISSION OF THE INSTITUTE IS TO INCREASE THE HEALTHY, PRODUCTIVE YEARS OF LIFE THROUGH BASIC BIOMEDICAL RESEARCH ON AGING AND ITS CONNECTION TO CHRONIC CONDITIONS COMMONLY ASSOCIATED WITH OLD AGE. THE INSTITUTE'S RESEARCH PROGRAMS ADDRESS TWO FUNDAMENTAL QUESTIONS:- WHAT IS THE NATURE OF AGING?- WHAT FACTORS TRIGGER DISEASES ASSOCIATED WITH AGE?ESTABLISHED AS AN INDEPENDENT, NOT-FOR-PROFIT RESEARCH CENTER, THE INSTITUTE OPENED IN 1999 AND CURRENTLY HOUSES THE LABORATORIES OF PRINCIPAL INVESTIGATORS RECRUITED FOR LEADERSHIP IN THEIRRESPECTIVE FIELDS OF RESEARCH.THE INSTITUTE'S RESEARCH PROGRAMS ARE BASED ON AN INTERDISCIPLINARY APPROACH, INVOLVING COMPLIMENTARY AREAS OF INQUIRY: THE GENETICS AND BIOCHEMISTRY OF AGING INCLUDING OXIDATIVE STRESS, MITOCHONDRIAL FUNCTION AND GENETIC DETERMINATION OF LIFESPAN.- AGE-RELATED CONDITIONS INCLUDING CANCER, STROKE, DIABETES, CARDIOVASCULAR DISEASE, MACULAR DEGENERATION, ALZHEIMER'S DISEASE AND PARKINSON'S DISEASE.- REGENERATIVE MEDICINE (STEM CELL RESEARCH) AND AGING.- NEW TECHNOLOGY TO SUPPORT AGE-RELATED RESEARCH INCLUDING GENOMICS, PROTEOMICS AND BIOINFORMATICS.THE INSTITUTE CONSIDERS EDUCATION AND TRAINING AT ALL LEVELS A KEY COMPONENT OF ITS RESEARCH PROGRAM. ONE OF THE MOST IMPORTANT FUNCTIONS IS TO ENCOURAGE THE CAREER DEVELOPMENT OF THE NEXT GENERATION OF AGE RESEARCHERS. IN PARTNERSHIP WITH THE UNIVERSITY OF SOUTHERN CALIFORNIA, THE INSTITUTE HAS LAUNCHED THE COUNTRY'S FIRST PHD PROGRAM IN THE BIOLOGY OF AGING. THE INSTITUTE ALSO PARTNERS WITH DOMINICAN UNIVERSITY TO TRAIN MASTERS STUDENTS IN RELEVANT BIOSCIENCES. THE INSTITUTE SPONSORS A SERIES OF INFORMAL (INTRAMURAL) AND FORMAL (EXTRAMURAL) RESEARCH SEMINARS WHICH INCLUDE INTERNATIONAL AND NATIONAL SCIENTIFIC SYMPOSIA FOR THE AGING RESEARCH COMMUNITY. THE SCIENCE EDUCATION PROGRAM ALLOWS HIGH SCHOOL AND COLLEGE STUDENTS TO WORK SIDE BY SIDE WITH RESEARCHERS TO ENHANCE LEARNING AND ENCOURAGE STUDENTS INTERESTED IN ENTERING THE FIELD OF SCIENCE. IN ADDITION, THE INSTITUTE CONDUCTS QUARTERLY PUBLIC SEMINARS ON VARIOUS TOPICS RELATED TO AGING FOR BAY AREA RESIDENTS. DOCENT-LED PUBLIC TOURS ARE ALSO CONDUCTED ON A WEEKLY BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Verdin President & CEO | OfficerTrustee | 40 | $750,875 |
Robin Snyder Vp, Communications | 40 | $341,935 | |
Nancy Derr Vp, Finance & CFO | Officer | 40 | $320,113 |
Brian Van Weele Chief Officer, Institutional Advance | 40 | $311,309 | |
Remy Gross Vp, Business Developt. & Product Adv | 32 | $271,009 | |
Gordon Lithgow Professor | 40 | $263,861 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mike Brown Electric Co Electrician Services | 6/29/21 | $103,687 |
Weaver Austin Villenueve And Sampson Llp Legal Services | 6/29/21 | $264,012 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,709,699 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,001,077 |
| Noncash contributions included in lines 1a–1f | $599,231 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,710,776 |
| Total Program Service Revenue | $1,814,396 |
| Investment income | $227,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $66,003 |
| Net Rental Income | -$246,560 |
| Net Gain/Loss on Asset Sales | -$18,964 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,697,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,160,557 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,611,051 |
| Compensation of current officers, directors, key employees. | $1,282,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,836,062 |
| Pension plan accruals and contributions | $1,569,561 |
| Other employee benefits | $2,266,329 |
| Payroll taxes | $1,231,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $205,245 |
| Fees for services: Accounting | $61,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $820,296 |
| Advertising and promotion | $10,846 |
| Office expenses | $309,829 |
| Information technology | $320,420 |
| Royalties | $700 |
| Occupancy | $1,636,724 |
| Travel | $124,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,188,007 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,908,954 |
| Insurance | $428,876 |
| All other expenses | $126,910 |
| Total functional expenses | $44,383,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,664 |
| Savings and temporary cash investments | $13,608,262 |
| Pledges and grants receivable | $4,999,931 |
| Accounts receivable, net | $515,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $481,651 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,057 |
| Net Land, buildings, and equipment | $82,840,797 |
| Investments—publicly traded securities | $32,651,228 |
| Investments—other securities | $92,614 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,407,689 |
| Total assets | $143,494,170 |
| Accounts payable and accrued expenses | $4,551,716 |
| Grants payable | $0 |
| Deferred revenue | $8,450,891 |
| 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 | $126,790,263 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $139,792,870 |
| Net assets without donor restrictions | -$4,449,283 |
| Net assets with donor restrictions | $8,150,583 |
| 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 | $143,494,170 |
Grants Awarded
Over the last fiscal year, Buck Institute For Research On Aging has awarded $6,000,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Princeton, NJ PURPOSE: BIOMEDICAL RESEARCH | $400,000 |
OREGON HEALTH & SCIENCE UNIVERSITY PURPOSE: BIOMEDICAL RESEARCH | $400,000 |
San Francisco, CA PURPOSE: BIOMEDICAL RESEARCH | $400,000 |
San Francisco, CA PURPOSE: BIOMEDICAL RESEARCH | $400,000 |
Princeton, NJ PURPOSE: BIOMEDICAL RESEARCH | $400,000 |
OREGON HEALTH & SCIENCE UNIVERSITY PURPOSE: BIOMEDICAL RESEARCH | $400,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Buck Institute For Research On Aging has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Azelora Foundation San Francisco, CA PURPOSE: RESEARCH INTO DISEASES OF AGING | $27,000 |
Endowment Analysis
| Beg. Balance | $88,704 |
| Earnings | -$3,981 |
| Ending Balance | $84,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buck Institute For Research On Aging Novato, CA | $143,494,170 | $40,697,566 |
California Chapter American Planning Association Sacramento, CA | $1,853,726 | $823,531 |
Experience Matters Consortium Inc Phoenix, AZ | $210,653 | $319,891 |
Global Game Jam San Luis Obispo, CA | $245,537 | $368,531 |
Society For Social Studies Of Science Eugene, OR | $562,049 | $553,063 |
Omega Point Institute Santa Barbara, CA | $692,440 | $110,659 |
Institute For Holotropics Novato, CA | $41,287 | $0 |
Dalai Lama Center For Ethics And Transformative Values Mesa, AZ | $7,277,510 | $160,975 |
Pan Cretan Chapter Of Marin And Sonoma Counties Inc Petaluma, CA | $24,379 | $0 |
San Francisco Astrological Society San Jose, CA | $9,758 | $0 |
Association For Young Astrologers Los Angeles, CA | $4,798 | $0 |
Voice Of The Chinese Medicine Foundation Inc Cupertino, CA | $12,985 | $0 |