Benaroya Research Institute
Legal name: Benaroya Research Institute at Virginia
Nonprofit profile at a glance
- EIN
- 910653422
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Seattle, WA, USA
- Phone
- 206-342-6500
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Biomedicine, Bioengineering Research
Reported finances
- Revenue
- $81,277,408
- Expenses
- $80,732,627
- Assets
- $95,460,605
- Liabilities
- $37,861,569
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- KETUL PATEL (CHIEF EXECUTIVE OFFICER VMFH)
- JANE BUCKNER MD (PRESIDENT)
- MARGARET MCCORMICK PHD (EXECUTIVE DIRECTOR & COO)
- DAVID TUPPONCE (INTERIM PRESIDENT - VIRGINA MASON MEDICAL CENTER)
Highest reported compensation
- KETUL PATEL (CHIEF EXECUTIVE OFFICER VMFH): $5,754,859 total reported compensation
- DAVID NOSACKA (TREASURER / SVP & CFO VMFH): $934,282 total reported compensation
- JANE BUCKNER MD (PRESIDENT): $696,232 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Benaroya Research Institute (BRI) is a world leader in human immune system research, working to advance the science that will predict, prevent, reverse and cure immune system diseases like allergies, asthma, cancer and autoimmune diseases.
What it reported doing in 2024
Translational immunology and advancements of the immune tolerance network (itn) are highlighted below: funding for the immune tolerance network (itn) was initially awarded to jerry nepom, md, phd, at bri in 2014 by the national institute of allergy and infectious diseases (niaid) of the national institutes of health (nih). It was later renewed for a second grant cycle in 2021, providing approximately $27 million annually to support itn. This research consortium, established in 1999, primarily focuses on developing new tolerogenic approaches for treating and preventing diseases in three clinical areas: asthma and allergic diseases, autoimmune diseases, and immune-mediated rejection of transplanted solid organs, tissues, and cells. Bri, as the prime recipient of this grant, is responsible for managing the overall grant from niaid, including overseeing all aspects of the network's infrastructure. As of 2022 following the retirement of dr. Nepom, dr. Jane buckner assumed the role of principal investigator of the itn grant. Dr. Buckner serves on the itn steering committee (nsc) and the itn network executive committee (nec), and played an active role in 2025 in both committees at its biannual full meetings, playing a critical role in tracking progress towards network goals and developing strategies to meet network objectives.itn continues to advance innovative clinical trials and mechanistic studies aimed at developing new approaches to prevent and treat immune-mediated diseases, including autoimmune disorders, allergic diseases, and transplant rejection. Through a large international consortium of clinical and research centers, itn conducts complex multicenter clinical trials designed to test therapies that can reprogram the immune system to promote long-term immune tolerance rather than lifelong immunosuppression.key outcomes during this period include: measurable impact: itn's stated mission is to accelerate the clinical development of therapies that promote immune tolerance. One of the most significant examples of this work is the network's landmark leap (learning early about peanut allergy) clinical trial, which demonstrated that early introduction of peanut-containing foods in infancy can dramatically reduce the risk of developing peanut allergy. The findings from this study informed updated u.s. Clinical guidelines recommending early peanut introduction for infants at risk. In 2025, new population-level analyses became available confirming the real-world impact of these guidelines. These data indicate that new cases of peanut allergy in the united states have declined by approximately 43%, meaning that an estimated 57,000 fewer children are living with peanut allergy because of this change in clinical practice driven by itn-supported research.the itn cross-network integration: since 2014, itn has excelled with a strong focus on meticulous planning and collaboration across itn's major centers, located in seattle (bri), san francisco (university of California san francisco), durham (duke university), boston (brigham women's hospital), atlanta (emory university), and ann arbor (university of Michigan). That successful collaboration continued with the following key outcomes during this period:1. In line with the nih data sharing policy, the itn coordinating center reviewed and approved 16 sample and data sharing requests through itn trialshare, itn's data-sharing portal.2. Operations and clinical trial support: the itn coordinating center at bri issued 279 subaward/subaward actions during this reporting period to support 2025 infrastructure, active itn clinical trials and numerous supporting itn mechanistic trials.3. Supplemental funding / partnerships: the itn coordinating center continued to focus on identifying and advancing opportunities for supplemental funding and strategic funding partnerships.a) supplemental funding: in 2025, the itn coordinating center at bri successfully secured two supplemental funding awards totaling
Operating model
- Revenue model
- Grant-funded. 70% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 56% for direct work, and 44% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 64
- Accountability: 86
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.6%; rating input score 83
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Pass
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.7%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 1.18; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 3.3%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 3.4% per year; rating input score 100; 25th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 2.3% per year; rating input score 100; 16th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 82.6% of revenue deployed · 83% of spending went to programs
- Governance: 14 of 14 board members independent · 6 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $67M in reported program spending
- Leadership: top reported pay $5.8M · 25 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $802K reported
- Consistency: 37 of 37 current checks pass
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 73 filed money-flow records
- Related organizations: 394 filed related-organization links
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 35/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.