Van Andel Education Institute

Nonprofit profile at a glance

EIN
522000824
IRS 990 coverage
2019–2023
Forms available
Form 990 2023
Location
Grand Rapids, MI, USA
Phone
6162345000
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Primary, Elementary Schools

Official website

Reported finances

Revenue
$5,690,950
Expenses
$6,966,219
Assets
$11,690,466
Liabilities
$1,529,516

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DAVID VAN ANDEL (CHAIRMAN / CEO)

Highest reported compensation

  • DAVID VAN ANDEL (CHAIRMAN / CEO): $799,596 total reported compensation
  • THOMAS CURRAN JR (GENERAL COUNSEL): $612,974 total reported compensation
  • GERALD CALLAHAN (CHIEF STRATEGIC OFFICER - END 7/2024): $603,300 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operation of van andel institute graduate school (vaigs) and van andel education institute (vaei).

What it reported doing in 2023

Vaei supports the van andel institute graduate school("vaigs") in fulfilling its mission to develop biomedical research leaders through a graduate program in molecular and cell biology with an emphasis on the application of basic science to improve human health and well-being. Graduates of the program, with phd or ms degrees, will be prepared to lead research in academic or industry settings, apply basic research to important medical issues, provide professional services supporting research and its application, and share their knowledge and experience with scientists, physicians, and the public. Van andel research institute ("vari") investigators teach students in classroom and laboratory.(see sch o)van andel institute graduate school was granted reaffirmation of accreditation by the higher learning commission of the north central association of colleges and schools in may 2024.

Operating model

Revenue model
Affiliate-supported. 95% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 71
  • Accountability: 88
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 82.5%; rating input score 83
  • Fundraising efficiency: $1,143.03 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 1.2%; rating input score 1; 12th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -22.4%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 1.68; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 8.3%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 11.4% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 23.4% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 82.5% of spending went to programs
  • Governance: 4 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $5.7M in reported program spending
  • Leadership: top reported pay $800K · 12 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 5 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 4 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: Grant itemization coverage scored 1/100.
  • High — Sustainability: Operating margin scored 7/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.