2025-09-26T14:15:42-05:00 2024-11-30 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET MINNEAPOLIS MN 55402 990 2023-12-01 522000820 VAN ANDEL INSTITUTE VANA 6162345000 333 BOSTWICK AVENUE NE GRAND RAPIDS MI 49503 TIMOTHY J MYERS CAO/CFO 6162345368 2025-09-26 1 0 MORGAN SEVERSON P02279974 6123974000 2023 2025-03-06 01:10:19Z TIMOTHY J MYERS 333 BOSTWICK AVENUE NE GRAND RAPIDS MI 49503 1379301000 0 X WWW.VAI.ORG X 1996 MI SUPPORTING ORGANIZATION TO THE VAN ANDEL RESEARCH INSTITUTE AND VAN ANDEL EDUCATION INSTITUTE.TYPE III- FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE VAN ANDEL RESEARCH INSTITUTE AND THE VAN ANDEL EDUCATION INSTITUTE. 4 3 0 2 244835 0 111359965 24296166 0 0 60777735 115094054 -310688 -57446 171827012 139332774 290988037 66839024 0 0 8500 35000 0 0 2834916 15182820 24030617 306179357 90904641 -134352345 48428133 2017682513 2237961296 9294113 5235512 2008388400 2232725784 VAN ANDEL INSTITUTE (VAI) IS ORGANIZED AND OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF BOTH THE VAN ANDEL RESEARCH INSTITUTE (VARI) AND VAN ANDEL EDUCATION INSTITUTE (VAEI). 0 0 5407202 5407202 TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE VAN ANDEL EDUCATION INSTITUTE (VAEI), WHICH INCLUDES THE VAN ANDEL INSTITUTE GRADUATE SCHOOL (VAIGS) AND SCIENCE ACADEMY. VAIGS PREPARES BIOMEDICAL RESEARCH SCHOLARS THROUGH A GRADUATE PROGRAM IN CELL AND MOLECULAR GENETICS. THE SCIENCE ACADEMY PROGRAMS CREATE A UNIQUE SETTING FOR STUDENTS, K-12, ENCOURAGING AND ENABLING THEM TO EXPLORE, QUESTION, AND INVESTIGATE AS SCIENTISTS DO. 61431822 61431822 TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE VAN ANDEL RESEARCH INSTITUTE (VARI), A MEDICAL RESEARCH ORGANIZATION. VARI CONDUCTS BIOMEDICAL RESEARCH, FOCUSING ON CANCER, EPIGENETICS, AND PARKINSON'S DISEASE, WITH AN EMPHASIS ON TRANSLATING SCIENTIFIC RESEARCH RESULTS INTO CLINICAL APPLICATIONS. 66839024 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 6 0 1 0 1 1 0 0 0 0 1 1 1 52 0 0 0 0 0 X 4 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X TIMOTHY J MYERS CAOCFO 6162345368 333 BOSTWICK AVENUE NE GRAND RAPIDS MI 495032518 X DAVID VAN ANDEL CHAIRMAN / CEO 10.00 30.00 X X 0 691508 108088 JOHN KENNEDY TRUSTEE 1.00 0.00 X 0 0 0 MARK MEIJER TRUSTEE 1.00 0.00 X 0 0 0 CONSTANCE CHANG TRUSTEE 1.00 0.00 X 8500 0 0 TIMOTHY MYERS CAO / CFO 1.00 44.00 X 0 492900 93423 DR JANA HALL END 03312024 CHIEF OPERATIONS OFFICER 1.00 44.00 X 0 635819 101074 THOMAS CURRAN JR GENERAL COUNSEL 1.00 44.00 X 0 517831 95143 GERALD CALLAHAN CHIEF STRATEGIC OFFICER 1.00 44.00 X 0 508122 95178 8500 2846180 492906 0 0 1 0 MD SASS LLC 55 WEST 46TH ST 28TH FL NEW YORK NY 10036 INVESTMENT MANAGEMENT 1294552 THE NORTHERN TRUST COMPANY 50 S LASALLE STREET CHICAGO IL 60675 INVESTMENT MANAGEMENT 1104280 NORDIC CAPITAL 26 ESPLANADE ST HELIER JE JE2 3QA INVESTMENT MANAGEMENT 496065 DONALD SMITH 152 WEST 57TH ST 22ND FL NEW YORK NY 10019 INVESTMENT MANAGEMENT 367790 LORD ABBETT 90 HUDSON ST JERSEY CITY NJ 07302 INVESTMENT MANAGEMENT 357579 38 1501767 22794399 22864859 24296166 26880871 244835 26636036 1061 1061 249739 117261 132478 132478 132478 1327429154 1239215971 88213183 88213183 88213183 378250 1501767 612545 -234295 -234295 56399 22449 33950 33950 OTHER REVENUE 900099 9360 9360 9360 139332774 9360 244835 114782413 66839024 66839024 35000 35000 14037 14037 178837 178837 15774666 15774666 15000 15000 80277 80277 166846 166846 ALLOCATED EXPENSES 7609017 4774101 2834916 PROPERTY TAX 89597 89597 BANK FEES 45047 45047 MISCELLANEOUS 44493 44493 12800 12800 90904641 66839024 21230701 2834916 8 342563944 371574197 78846 86500 5159736 3662272 14277603 3884328 10573134 10393275 618353125 705981691 1040121380 1145463131 832340 800230 2017682513 2237961296 9290813 5232512 3300 3000 9294113 5235512 X 1239495010 1452716295 768893390 780009489 2008388400 2232725784 2017682513 2237961296 48428133 175909251 0 X 0 1 X 1 0 X X 2 VAN ANDEL RESEARCH INSTITUTE 522000823 4 1 61431822 0 VAN ANDEL EDUCATION INSTITUTE 522000824 2 1 5407202 0 2 66839024 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION A, LINE 1 SINCE INCEPTION, VAN ANDEL INSTITUTE HAS SUPPORTED TWO ORGANIZATIONS: VAN ANDEL RESEARCH INSTITUTE AND VAN ANDEL EDUCATION INSTITUTE PART IV, SECTION D, LINE 3 VARI AND VAEI HAVE A SIGNIFICANT VOICE IN VAI'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF VAI'S INCOME AND ASSETS. VAI'S TRUSTEES HAVE RESPONSIBILITY FOR THE INVESTMENT OF VAI'S ENDOWMENT AND, IN CONJUNCTION WITH THE TRUSTEES OF VARI AND VAEI, DETERMINE HOW TO ALLOCATE VAI GRANTS BETWEEN THE TWO SUPPORTED ORGANIZATIONS, TAKING INTO ACCOUNT THEIR NEEDS AND SOURCES OF OTHER SUPPORT. JOINT MEETINGS OF THE TRUSTEES OF VAI, VARI, AND VAEI ARE HELD TWICE ANNUALLY TO DISCUSS TOPICS SUCH AS INVESTMENT PERFORMANCE AND GRANTMAKING. PART IV, SECTION E, LINE 3A PER THE VAI TRUST AGREEMENT, VAI HAS THE AUTHORITY TO SELECT, APPOINT, AND REMOVE TRUSTEES OF THE VAN ANDEL RESEARCH INSTITUTE AND THE VAN ANDEL EDUCATION INSTITUTE IN ACCORDANCE WITH THE PROVISIONS OF THEIR RESPECTIVE TRUST AGREEMENTS." PART IV, SECTION E, LINE 3B VAI HAS OVERLAPPING OFFICERS AND SHARES OPERATIONAL STAFF, PHYSICAL SPACE, AND MANY POLICIES WITH VARI AND VAEI. IN ADDITION, VAI IS INVOLVED IN THE BUDGETING PROCESS AND STRATEGIC PLANNING FOR VARI AND VAEI. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87076610 87076610 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 2004308532 22500000 275243038 55293524 21459307 2225298739 2065430200 109898794 118343736 207129088 82235111 2004308532 2055889878 84850238 -20372120 22811593 32126203 2065430200 1687081775 124910068 257468200 2178262 11391903 2055889878 1624624311 28400000 125533159 77301719 14173976 1687081775 0.64960 0.34140 0.00900 0 0 5587152 5587152 7693217 3063449 4629768 213803 127443 86360 60680 35134 25545 722751 658302 64450 10393275 ALTERNATIVE INVESTMENTS 1145463131 F 1145463131 X 300811032 175909251 613867 729806 177252924 123558108 15774666 15774666 139332774 76473649 613867 729806 1343673 75129976 15774666 15774666 90904642 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS RELATED TO VAI. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT SUPPORT REPORTED ON PAGE 9 612,545. RENTAL EXPENSE REPORTED ON SCHEDULE OF REVENUE 117,261. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES PRESENTED SEPARATE FROM REALIZED GAINS 15,774,666. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT SUPPORT REPORTED ON PAGE 9 612,545. RENTAL EXPENSE REPORTED ON SCHEDULE OF REVENUE 117,261. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES PRESENTED SEPARATE FROM REALIZED GAINS 15,774,666. SCHEDULE D - PART V ADDITIONAL DETAIL: VAI'S ENDOWMENT MANDATE IS TO SUPPORT THE CORE RESEARCH AND SCIENCE EDUCATION MISSIONS OF VAN ANDEL RESEARCH INSTITUTE (VARI) AND VAN ANDEL EDUCATION INSITUTE (VAEI) BY SUPPLYING A RELIABLE SOURCE OF FUNDING FOR EACH OF THEIR RESPECTIVE OPERATING EXPENDITURES. CENTRAL AMERICA AND THE CARIBBEAN PASSIVE INVESTMENTS- BOOK VALUE 428041696 EUROPE PASSIVE INVESTMENTS- BOOK VALUE 165488373 ASIA PASSIVE INVESTMENTS- BOOK VALUE 27436267 EUROPE INVESTMENTS - TRAVEL EXPENSE 66415 0 0 0 0 0 0 621032751 0 621032751 1 0 1 0 1 0 PART I, LINE 3, COLUMN F THE ACCRUAL METHOD IS USED TO ACCOUNT FOR THE BOOK VALUE OF INVESTMENTS. DINNER, LIVE ENTERTAINMENT 924859 804859 120000 208332 32000 33297 FASHION SHOW 247304 169004 78300 72509 4000 15946 6 707853 527903 179950 54746 148793 12749 30173 1880016 1501766 378250 54746 429634 48749 79416 612545 -234295 56399 22449 0 56399 22449 22449 33950 MI 1 0 1 0 0.69000 0.31000 TIMOTHY MYERS 333 BOSTWICK AVE NE GRAND RAPIDS MI 49503 0 TIMOTHY MYERS TIM MYERS IS THE CHIEF ADMINISTRATIVE OFFICER. GAMING IS A SMALL PORTION OF OUR SPECIAL EVENTS, WHICH HE SUPERVISES. X 0 1 VAN ANDEL EDUCATION INSTITUTE 333 BOSTWICK AVENUE NE GRAND RAPIDS MI 495032518 522000824 501(C)(3) 5407202 0 SUPPORT FOR VAEI OPERATING EXPENSES. VAN ANDEL RESEARCH INSTITUTE 333 BOSTWICK AVENUE NE GRAND RAPIDS MI 495032518 522000823 501(C)(3) 61431822 0 SUPPORT FOR VARI OPERATING EXPENSES. 2 0 PART I, LINE 2: THE TRUSTEES INVEST AND REINVEST THE TRUST ESTATE AND DISTRIBUTE TO ONE OR BOTH OF THE SUPPORTED ORGANIZATIONS SUCH CASH AND/OR PROPERTY AS THE VAI TRUSTEES, IN THEIR DISCRETION, DETERMINE IS IN THE BEST INTERESTS OF THE SUPPORTED ORGANIZATIONS. THEY TAKE INTO ACCOUNT THE NEEDS AND OTHER RESOURCES OF EACH OF THEM; THEIR CURRENT ACTIVITIES; THEIR PLANS FOR EXPANDED ACTIVITIES; AND ANY OTHER RELEVANT INFORMATION, ALL IN CONSULTATION WITH THE TRUSTEES OF EACH OF THE SUPPORTED ORGANIZATIONS. X X X X 0 0 0 0 0 0 0 0 0 DAVID VAN ANDEL CHAIRMAN / CEO 0 454091 0 218213 0 19204 0 107063 0 1025 0 799596 0 208773 DR JANA HALL END 03312024 CHIEF OPERATIONS OFFICER 0 458945 0 170016 0 6858 0 90670 0 10404 0 736893 0 155265 THOMAS CURRAN JR GENERAL COUNSEL 0 398577 0 115690 0 3564 0 84739 0 10404 0 612974 0 101228 GERALD CALLAHAN CHIEF STRATEGIC OFFICER 0 369551 0 113790 0 24781 0 84774 0 10404 0 603300 0 113790 TIMOTHY MYERS CAO / CFO 0 379619 0 111000 0 2281 0 83019 0 10404 0 586323 0 97125 X 1 150 FMV X 10 67858 FMV X 1 22500000 FMV X 5 3720 COST X 22 8383 COST X GIFT PACKAGE 143 148359 COST X GOODS 120 113260 COST X JEWELRY 10 14274 COST X TICKETS 24 8555 COST 0 1 0 SCHEDULE M, PART I, COLUMN (B) VAI IS REPORTING THE NUMBER OF EVENT CONTRIBUTIONS RECEIVED DURING THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 2 VAI, VARI, VAEI, AND VAIGS SHARE COMMON MANAGEMENT. DAVID VAN ANDEL AND TIMOTHY MYERS ARE ALSO OFFICERS OF VARI, VAEI, AND VAIGS. THOMAS CURRAN JR. IS ALSO A KEY EMPLOYEE OR OFFICER FOR VARI AND VAEI. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP: DAVID VAN ANDEL, GERALD CALLAHAN FORM 990, PART VI, SECTION B, LINE 11B FOLLOWING COMPLETION OF THE FINANCIAL AUDIT, THE FORM 990 IS PREPARED AND REVIEWED BY MANAGEMENT. IT IS THEN CIRCULATED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C VAI HAS WRITTEN CONFLICT OF INTEREST ("COI") POLICIES AND PROCEDURES WHICH ADMINISTER AND ENFORCE A PROCESS TO IDENTIFY, EVALUATE, AND MANAGE POTENTIAL CONFLICTS OF INTEREST. THESE POLICIES HAVE BEEN APPROVED BY THE BOARD OF TRUSTEES. VAI ADMINISTERS COI POLICIES AND PROCEDURES THROUGH TWO STANDING COMMITTEES: THE CONFLICTS COMMITTEE ("CC") AND THE INSTITUTIONAL COI COMMITTEE ("ICOIC"). COI POLICIES AND PROCEDURES APPLY TO AND SERVE AS A GUIDE FOR EVERYONE IN THE ORGANIZATION. IN PARTICULAR, THEY PROVIDE A USEFUL RESOURCE FOR DEVELOPING ACTIVITIES OR RELATIONSHIPS WITH OUTSIDE ENTITIES OR PERSONS, AND ESTABLISH A PROCESS FOR COMMITTEES TO REVIEW AND MANAGE POTENTIAL CONFLICTS OF INTEREST AS THEY MAY ARISE. THE CC AND ICOIC ARE CHAIRED BY THE GENERAL COUNSEL. THE CC REQUIRES ANNUAL AND UPDATED DISCLOSURES BY COVERED PERSONS AND REVIEWS AND APPROVES MANAGEMENT PLANS. ICOIC POLICIES AND PROCEDURES SERVE AS A GUIDE FOR BOARDS OF TRUSTEES AND SENIOR EXECUTIVES. IN THE EVENT A POTENTIAL COI ARISES AT THE BOARD OR SENIOR EXECUTIVE LEVEL, THE ICOIC MEETS TO REVIEW AND DETERMINE HOW TO MANAGE SUCH A POTENTIAL CONFLICT OF INTEREST IN ACCORDANCE WITH THE COI POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE JOINT COMPENSATION COMMITTEE OF VAI'S AND RELATED ORGANIZATIONS' BOARDS FOLLOWS A PROCESS FOR DETERMINING THE COMPENSATION FOR THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES OF VAN ANDEL RESEARCH INSTITUTE AND VAN ANDEL EDUCATION INSTITUTE (VAN ANDEL INSTITUTE HAS NO EMPLOYEES). THIS PROCESS INCLUDES REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE, WITH DECISIONS CONTEMPORANEOUSLY DOCUMENTED, FOLLOWING REFERENCE TO ANALYSIS OF AN INDEPENDENT COMPENSATION CONSULTANT AND TO COMPENSATION SURVEYS AND COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST. FORM 990, PAGE 7, PART VII DAVID VAN ANDEL IS NOT COMPENSATED FOR HIS SERVICES TO VAN ANDEL INSTITUTE. VAN ANDEL RESEARCH INSTITUTE 333 BOSTWICK AVENUE NE GRAND RAPIDS MI 495032518 522000823 MEDICAL RESEARCH ORGANIZATION MI 501(C)(3) 4 VAN ANDEL INSTITUTE 1 VAN ANDEL EDUCATION INSTITUTE 333 BOSTWICK AVENUE NE GRAND RAPIDS MI 495032518 522000824 OPERATING A SCIENCE ACADEMY SCHOOL MI 501(C)(3) 2 VAN ANDEL INSTITUTE 1 VAN ANDEL INSTITUTE GRADUATE SCHOOL 333 BOSTWICK AVENUE NE GRAND RAPIDS MI 495032518 203340886 OPERATING A GRADUATE SCHOOL MI 501(C)(3) 2 VAN ANDEL EDUCATION INSTITUTE 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 VAN ANDEL RESEARCH INSTITUTE B 61431822 ACTUAL AMOUNT PAID VAN ANDEL EDUCATION INSTITUTE B 5407202 ACTUAL AMOUNT PAID VAN ANDEL INSTITUTE GRADUATE SCHOOL J 166255 ACTUAL AMOUNT RECEIVED VAN ANDEL INSTITUTE GRADUATE SCHOOL Q 203309 ACTUAL AMOUNT RECEIVED VAN ANDEL RESEARCH INSTITUTE N 289454 ALLOCATION BASED ON EFFORT VAN ANDEL RESEARCH INSTITUTE O 1075017 ALLOCATION BASED ON EFFORT VAN ANDEL RESEARCH INSTITUTE P 12039983 ACTUAL AMOUNT PAID VAN ANDEL EDUCATION INSTITUTE P 178734 ACTUAL AMOUNT PAID