Api Innovation Center

Nonprofit profile at a glance

EIN
871772821
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
St Louis, MO, USA
Phone
3149608685
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$10,346,855
Expenses
$7,212,848
Assets
$5,119,415
Liabilities
$1,288,745

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ANTHONY SARDELLA (CHIEF EXECUTIVE OFFICER)
  • KEVIN WEBB (PRESIDENT AND COO)

Highest reported compensation

  • ANTHONY SARDELLA (CHIEF EXECUTIVE OFFICER): $352,639 total reported compensation
  • KEVIN WEBB (PRESIDENT AND COO): $282,475 total reported compensation
  • DONALD LOHMAN (EXEC. VP, CHIEF LEGAL, ADMIN OFFICER): $240,972 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Drive national health security and economic growth through u.s.-based production of medicines so that every patient, health care system and pharmacy retailer has access to critical medicines.

What it reported doing in 2024

Apiic opened a cutting-edge research and development laboratory at the university of missourist. Louis, where scientists are pioneering new routes of synthesis for critical medicines vital to national health security. The team has and is developing and optimizing advanced manufacturing processes for five key active pharmaceutical ingredients (apis)using continuous-flow and innovative techniques to improve efficiency, yield, and purity. Beyond technical achievements, apiic emerged as a national thought leader by shaping policy, publishing influential research, and convening experts to address pharmaceutical supply chain resilience, positioning Missouri as a model for publicprivate collaboration and advanced generic drug manufacturing.

Operating model

Revenue model
Grant-funded. 94% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 84
  • Accountability: 57
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.4%; rating input score 44
  • Program expense ratio: 63.7%; rating input score 64
  • Fundraising efficiency: $32.77 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 30.3%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 16.7%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 102.2% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 96.7% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 105.1% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 44.4% of revenue deployed · 63.7% of spending went to programs
  • Governance: 6 of 9 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.6M in reported program spending
  • Leadership: top reported pay $353K · 11 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.1M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.