Novo Holdings A-S
Revenue
$3.54bn
year to 31 December 2024
Expenses
$277.6m
year to 31 December 2024
Total assets
$36.17bn
$8.22bn liabilities
Net assets
$27.95bn
assets less liabilities
Directors and trustees
9
3.4 years on average
Staff
126
employees, year to 31 December 2024
Chair observed
≥1 yr
Lars Rebien Sorensen
Left since last filing
0
no seats appear to have opened
Novo Holdings A-S' network
9 people1 organisationi9 people and 1 organisation on this map.The large node is the subject of this page. Solid lines are what the register itself records (9). Violet dotted lines (2) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
9 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 9 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Lars Rebien Sorensen Chair | Chair | 2023 | 3 yrs |
| Britt Meelby Jensen | Director | 2023 | 3 yrs |
| Francis Michael Cyprian Cuss | Director | 2023 | 3 yrs |
| Henrik Poulsen | Director | 2023 | 3 yrs |
| Jean-LUC Butel | Director | 2023 | 3 yrs |
| Jeppe Christiansen | Director | 2023 | 3 yrs |
| Steen Riisgaard | Vice Chair | 2023 | 3 yrs |
| Susanne Antonie Schaffert | Director | 2023 | 3 yrs |
| Viviane Monges | Director | 2023 | 3 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Kasim Kutay | CEO | since 2023 |
| Nigel Kevin Govett | CFO | since 2023 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Kasim Kutay | CEO | 40 | $2.4m | $4.7m | |
| Nigel Kevin Govett | CFO | 40 | $498k | $128k | |
| Lars Rebien Sorensen | Chair | 1 | $298k | $374k | |
| Jean-Luc Butel | Director | 1 | $213k | ||
| Susanne Antonie Schaffert | Director | 1 | $192k | ||
| Steen Riisgaard | Vice Chair | 1 | $190k | $224k | |
| Britt Meelby Jensen | Director | 1 | $175k | ||
| Viviane Monges | Director | 1 | $135k | ||
| Francis Michael Cyprian Cuss | Director | 1 | $135k | ||
| Henrik Poulsen | Director | 1 | $103k | ||
| Jeppe Christiansen | Director | 1 | $103k |
About
- Legal name
- Novo Holdings A-S
- EIN
- 980571483
- Address
- Hellerup 2900, Denmark, 00000
- Mission
- Novo holdings a/s (nh) holds and manages novo nordisk fonden's (nnf) endowment to ensure that nnf has the resources necessary to support its scientific, humanitarian, and other social welfare grantmaking. (as filed on the Form 990)
- Activity (NTEE)
- T99 Philanthropy, voluntary services and grantmaking
- IRS classification
- 501(c)04 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Philanthropy, Voluntarism & Grantmaking Foundations
- Size band
- 9 (IRS master file code)
- Formed
- 1999
- Principal officer
- Kasim Kutay (as named on the Form 990)
- IRS ruling date
- 1 May 2025
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 2, latest 2024
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥3years on the filingsLars Rebien Sorensen
≥3years on the filingsBritt Meelby Jensen
≥3years on the filingsFrancis Michael Cyprian Cuss
≥3years on the filingsHenrik Poulsen
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $36.17bn
- Total liabilities
- $8.22bn
- Net assets or fund balances
- $27.95bn
- Contributions and grants received
- $0
- Program service revenue
- $0
- Employees
- 126
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $3.54bn | $277.6m | $3.27bn |
As filed on the IRS Form 990. US dollars.