NonprofitsEmpire Discovery Institute Inc

Environment

Empire Discovery Institute Inc

ROCHESTER, NY

Total revenue

$13.2M

Total expenses

$5.1M

Net assets

$11.7M

Grants received

$507K

1 grants

EIN

823993697

Tax year

2024

Mission

The purpose of the institute is to engage in charitable and scientific activities for the benefit of the academic, medical and research institutions and public benefit corporations affiliated with and controlling the institute. To foster an educational ecosystem in upstate new york for training the next generation of scientists and business leaders, and support upstate new york's regional economy and to accrue life sciences economic development benefits to upstate new york through the creation of a research and business initiative focused on accelerating translational research generating innovative proof-of-concept studies and advancing the scientific and educational activities of the institutions' faculty, fellows and students in aspects of chemistry, pharmacology and drug discovery and facilitating the creation of startup companies and other spinoff initiatives, and engaging exclusively in such other charitable and scientific activities.

Financials

FY 2024

Revenue

Contributions & grants$11.3M
Program service revenue$1.7M
Investment income$224K
Other revenue
Total revenue$13.2M

Expenses

Grants paid
Salaries & benefits$920K
Fundraising
Other expenses$4.2M
Total expenses$5.1M
Total assets$12.8M
Net assets$11.7M

People

16 listed

NameRoleCompensation

RONALD C NEWBOLD

CEO

Board

$384K

40 hrs/wk

ADAM TULGAN

COO (TO 10/31/25)

Board

$204K

40 hrs/wk

DR THOMAS SCHWAAB

BOARD MEMBER (TO 3/1/24)

Board

0.25 hrs/wk

PETER ROBINSON

BOARD MEMBER, CHAIR

Board

0.25 hrs/wk

STEPHEN MCCLUSKI

BOARD MEMBER

Board

0.25 hrs/wk

ROBERT FRAASS

BOARD MEMBER

Board

0.25 hrs/wk

MARK KERCHER

BOARD MEMBER

Board

0.25 hrs/wk

DR RENIER BRENTJENS

BOARD MEMBER/CHAIR OF DEPT OF MEDICINE

Board

0.25 hrs/wk

STEPHEN DEWHURST

BOARD MEMBER

Board

0.25 hrs/wk

THOMAS QUINN NON-VOTING

BOARD TREASURER

Board

0.25 hrs/wk

JEFFREY DUNBAR NON-VOTING

BOARD SECRETARY

Board

0.25 hrs/wk

PATRICK EMMERLING NON VOTING

ASST BOARD SECRETARY

Board

0.25 hrs/wk

GARY POLLACK

BOARD MEMBER

Board

0.25 hrs/wk

DR VENU GOVINDARAJU

BOARD MEMBER

Board

0.25 hrs/wk

DR CANDACE JOHNSON

BOARD MEMBER

Board

0.25 hrs/wk

MOLLY MESKO

DIR OF PORTFOLIO DEVEL & ADMINISTRATION

Staff

$152K

40 hrs/wk

Independent contractors

CURIA GLOBAL INC

SCIENTIFIC RESEARCH

$784K

HARTER SECREST AND EMERY LLC

LEGAL SERVICES

$228K

LARK PHARMA CONSULTING

SCIENTIFIC RESEARCH

$136K

CHARLES RIVER DISCOVERY RESEARCH SERVICE

CONTRACT RESEARCH ORGANIZATION/ SCIENTIF

$126K

BIOEXCEL LLC

SCIENTIFIC RESEARCH

$118K

Grants received

Showing 1 of 1

FromAmountPurposeYear

Funded by

$507K from 1 funder · 1 grant · 2023

National Multiple Sclerosis Society

$507K · 1 grant · 2023

Details

EIN823993697
NTEE codeC60
Subsection03
Ruling date2018-06
Formed2017
Employees0
Volunteers12
EMPIRE DISCOVERY INSTITUTE INC — Mission, Financials & Grants Received | Grantivo