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← SANFORD CONSORTIUM FOR REGENERATIVE MEDICINE

Form 990 for tax year 2023

Filed by SANFORD CONSORTIUM FOR REGENERATIVE MEDICINE.

Totals

Total revenue
$8,456,130
Total expenses
$9,191,162
Contributions and grants received
$51
Grants paid
$0
Program service revenue
$8,244,760
Investment income
$164,252
Other revenue
$47,067
Total assets, end of year
$84,972,160
Total liabilities, end of year
$47,926,578
Net assets or fund balances, end of year
$37,045,582
Program services expenses (Part IX)
$8,463,513
Management and general expenses
$727,649
Fundraising expenses
$0
Program service expenses (Part III)
$8,463,513

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $51

  • 2a · Program service revenue: LICENSE FEES

    total $7,953,172 · related or exempt $7,953,172

  • 2b · Program service revenue: MISCELLANEOUS REVENUE

    total $284,900 · related or exempt $265,560 · excluded $19,340

  • 2c · Program service revenue: EXPENSE REIMBURSEMENT

    total $6,688 · related or exempt $6,688

  • 3 · Investment income

    total $164,252 · excluded $164,252

  • 11a · Other revenue: PARKING REVENUE

    total $47,067 · unrelated business $47,067

  • 11e · Other revenue, total

    $47,067

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $353,440 · program services $151,979 · management and general $201,461

  • 7 · Other salaries and wages

    total $49,932 · program services $21,471 · management and general $28,461

  • 11a · Fees: management

    total $544,380 · program services $544,380

  • 11b · Fees: legal

    total $47,794 · management and general $47,794

  • 11c · Fees: accounting

    total $45,650 · management and general $45,650

  • 13 · Office expenses

    total $110,162 · management and general $110,162

  • 14 · Information technology

    total $51,245 · management and general $51,245

  • 16 · Occupancy

    total $2,793,016 · program services $2,793,016

  • 19 · Conferences, conventions and meetings

    total $2,144 · management and general $2,144

  • 20 · Interest

    total $1,051,967 · program services $1,051,967

  • 22 · Depreciation, depletion and amortization

    total $2,948,400 · program services $2,948,400

  • 23 · Insurance

    total $218,619 · management and general $218,619

  • 24a · Other expenses: BUILDING SUPPORT

    total $527,874 · program services $527,874

  • 24b · Other expenses: SCIENCE SUPPORT

    total $407,744 · program services $407,744

  • 24c · Other expenses: OPERATIONAL & FINANCIAL

    total $13,395 · program services $5,760 · management and general $7,635

  • 24e · All other expenses

    total $25,400 · program services $10,922 · management and general $14,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,281,880 · end of year $1,053,255

  • 4 · Accounts receivable

    beginning of year $384,927 · end of year $169,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $229,188 · end of year $169,310

  • 10a · Land, buildings and equipment: cost or other basis

    $126,195,670

  • 10b · Land, buildings and equipment: accumulated depreciation

    $47,780,333

  • 10c · Land, buildings and equipment, net

    beginning of year $80,693,977 · end of year $78,415,337

  • 12 · Investments: other securities

    beginning of year $4,711,664 · end of year $5,165,092

  • 17 · Accounts payable and accrued expenses

    beginning of year $748,934 · end of year $1,439,341

  • 20 · Tax-exempt bond liabilities

    beginning of year $49,118,825 · end of year $46,487,237

  • 27 · Net assets without donor restrictions

    beginning of year $37,433,877 · end of year $37,045,582

Mission and programs · 2023

Mission

THE SANFORD CONSORTIUM IS A COLLABORATION AMONG FIVE PREEMINENT LIFE SCIENCE RESEARCH INSTITUTIONS FORMED TO ENABLE RENOWNED SCIENTISTS WITH EXPERTISE IN STEM CELL AND REGENERATIVE MEDICINE RESEARCH TO COLLABORATE TO SEEK TRANSFORMATIVE DISCOVERIES AND BREAKTHROUGH MEDICAL ADVANCES.

Activities or mission (Part I)

TO FACILITATE INTER-ORGANIZATIONAL, COLLABORATIVE STEM CELL AND OTHER BIOMEDICAL RESEARCH AMONG SCIENTISTS EMPLOYED BY SUPPORTED ORGANIZATIONS INCLUDING, LA JOLLA INSTITUTE FOR IMMUNOLOGY, SALK INSTITUTE FOR BIOLOGICAL STUDIES, SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE, SCRIPPS RESEARCH AND THE UNIVERSITY OF CALIFORNIA, SAN DIEGO.

  • IN 2023, SCIENTISTS FROM THE SANFORD CONSORTIUM'S FIVE MEMBER INSTITUTIONS - LA JOLLA INSTITUTE FOR ALLERGY AND IMMUNOLOGY, SALK INSTITUTE FOR BIOLOGICAL STUDIES, SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE, SCRIPPS RESEARCH, AND THE UNIVERSITY OF CALIFORNIA, SAN DIEGO - CONTINUED RESEARCH INTO HARNESSING THE REGENERATIVE POWERS OF STEM CELLS TO DISCOVER TREATMENTS AND CURES FOR MANY OF THE WORLD'S MOST CHALLENGING DISEASES, INCLUDING ALZHEIMER'S DISEASE, CANCER, DIABETES, HEART DISEASE, PARKINSON'S DISEASE, AND SPINAL CORD INJURIES. PUBLISHED RESEARCH BY CONSORTIUM SCIENTISTS ADVANCED THE BASE OF KNOWLEDGE AVAILABLE TO THE INTERNATIONAL COMMUNITY OF STEM CELL RESEARCHERS.

    Expenses $8,463,513 · Revenue $8,225,420

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Louis R Coffman

    VICE PRESIDENT & COO

    Total calculated
    $312,655
    From this org
    $307,000
    From related orgs
    $0
    Other
    $5,655
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,655
    Filer's total
    $312,655

  • Edward Holmes

    PRESIDENT & DIRECTOR

    Total calculated
    $52,455
    From this org
    $46,440
    From related orgs
    $0
    Other
    $6,015
    Hours/week
    20

  • Malin Burnham

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • T Denny Sanford

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robin Samit

    VICE PRESIDENT & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kim Witmer

    VICE PRESIDENT & CFO

    Total calculated
    $0
    Hours/week
    1

  • Richard Atkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fred Gage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Heyman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pradep Khosla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erica Ollmann Saphire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Brenner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Carethers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Schultz

    DIRECTOR (THRU 12/2023)

    Total calculated
    $0
    Hours/week
    1

  • Steven Garfin

    DIRECTOR (THRU 12/2023)

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202431359349303518

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