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Organizations Science & Technology Research Indiana Biosciences Research Institute Inc

Indiana Biosciences Research Institute Inc

Fiscal year ending 2024. Filed on November 17, 2025.

1210 Waterway Blvd 2000
16th Floor
Indianapolis, Indiana 46202

Indiana Biosciences Research Institute Inc (EIN: 46-2882271) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Indiana Biosciences Research Institute Inc, a 501(c)(3) charitable organization, reported compensation for 17 out of 105 total employees. Among the employees shown here, the average compensation is $456,778. The highest compensated employee at Indiana Biosciences Research Institute Inc is Jay Hess, M.D. with fiscal year 2024 compensation of $1,505,483.

Revenue, expenses, and employee compensation

Revenue

$5,013,560

Expenses

$18,266,507

Employee compensation

$8,713,473
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jay Hess, M.D.
Phd MHSA, Director
$1,505,483
$0 $1,115,038 $390,445
Alan Palkowitz, Ph.D.
President and Chief Executive Officer
$657,588
$512,952 $93,006 $51,630
Tatiana Foroud, Ph.D.
Director
$645,452
$0 $592,888 $52,564
Russ Mumper
Director (Began 04/29/24)
$546,979
$0 $471,433 $75,546
Michael Huber
Vice President for University Relations (Partial Year)
$542,408
$0 $467,804 $74,604
Karen Plaut
Director
$507,864
$0 $434,977 $72,887
Jeffrey Rhoads, Ph.D.
Director
$481,253
$444,797 No related comp$36,456
Vince Wong
Director (Began 04/29/24)
$451,092
$0 $334,699 $116,393
John Jay M McGill, Ph.D.
Chief Operating Officer and Executive Vice President
$431,505
$396,903 No related comp$34,602
Michele J Sawyer
Chief Financial Officer and Executive Vice President
$388,738
$368,802 No related comp$19,936
Frank Louis Stancato, Ph.D.
Vice President - Enabling Technologies
$289,113
$253,919 No related comp$35,194
Patrick James Kneer
Vice President - Metabolic Translational Research
$280,518
$249,905 No related comp$30,613

Benchmark Employee Compensation

Non-Employee Board Members

David Ingram, M.D.
Director
$91,020
$0 $56,796 $34,224
Wendy Srnic, Ph.D.
Director
No compensation reported
Debra Luffer-Atlas, Ph.D.
Director
No compensation reported
Hany Moselhi, M.D.
Director (Part-Year)
No compensation reported
Daniel F Evans Jr
Executive Chair
No compensation reported
Daniel Golden
Director
No compensation reported
John C Lechleiter, Ph.D.
Vice Chair
No compensation reported
Daniel Peterson
Director
No compensation reported
Michael Harrington
Secretary and Treasurer
No compensation reported
Aaron Schacht
Director
No compensation reported

Contractors

Strategic Investment Group Inc.
Investment
$452,026
Faegre Drinker Biddle & Reath LLP
Law
$213,842

Mission Statement

THE IBRI IS AN INDEPENDENT LIFE SCIENCES RESEARCH INSTITUTE FOCUSED ON ADDRESSING MAJOR UNDERSERVED AREAS OF PUBLIC HEALTH INCLUDING DIABETES, PEDIATRIC RARE DISEASES, AND ALZHEIMER'S DISEASE. THE IBRI FACILITATES THE GROWTH OF THE BIOMEDICAL COMMUNITY BY ATTRACTING TALENT AND INDUSTRY TO THE STATE AND AIDES IN THE COMMERCIALIZATION OF TECHNOLOGIES TO FOSTER FURTHER ECONOMIC DEVELOPMENT.

Revisions to this organization profile

November 17, 2025:
2024 Indiana Biosciences Research Institute Inc 990 filed
November 15, 2024:
2023 Indiana Biosciences Research Institute Inc 990 filed
November 14, 2023:
2022 Indiana Biosciences Research Institute Inc 990 filed

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