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Nonprofiteer
← DANA-FARBER INC

Form 990 for tax year 2022

Filed by DANA-FARBER INC.

Totals

Total revenue
$50,971,716
Total expenses
$12,527,482
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$50,971,716
Other revenue
$0
Total assets, end of year
$2,664,187,088
Total liabilities, end of year
$2,664,187,088
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$12,527,482
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$12,527,482

Program services were 100.0% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $19,846,736 · unrelated business -$763,987 · excluded $20,610,723

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,084,421,832

  • 7b · Less cost or other basis and sales expenses

    securities $1,053,296,852

  • 7c · Gain or loss

    securities $31,124,980 · other assets $0

  • 7d · Net gain or loss

    total $31,124,980 · unrelated business $0 · excluded $31,124,980

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11f · Fees: investment management

    total $12,527,482 · program services $12,527,482

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $443,320,797 · end of year $499,207,187

  • 12 · Investments: other securities

    beginning of year $1,805,758,665 · end of year $2,164,979,901

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,249,079,462 · end of year $2,664,187,088

Mission and programs · 2022

Mission

THE PURPOSE AND ACTIVITIES OF DANA-FARBER, INC. ARE TO PROMOTE AND SUPPORT THE EXEMPT MISSIONS OF DANA-FARBER CANCER INSTITUTE AND TO PROVIDE INVESTMENT MANAGEMENT SERVICES.

  • PROVIDES SUPPORT TO DANA-FARBER CANCER INSTITUTE, INC. THROUGH INVESTMENT MANAGEMENT SERVICES.

    Expenses $12,527,482

As filed on the 2022 return.

Listed in Part VII

  • JOHN J O'CONNOR

    Trustee, Treasurer, Vice Chairman

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • JOSHUA BEKENSTEIN

    Trustee & Chairman

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Laurie H Glimcher MD

    TRUSTEE & PRESIDENT

    Total calculated
    $2,339,457
    From this org
    $0
    From related orgs
    $2,000,525
    Other
    $338,932
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,365,076 related
    Bonus
    $0 + $487,080 related
    Other
    $0 + $148,369 related
    Deferred
    $0 + $321,693 related
    Nontaxable benefits
    $0 + $17,239 related
    Filer's total
    $0 + $2,339,457 related

  • Christopher Hadley

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hillary Mankin-Kufe ESQ

    ASSISTANT SECRETARY

    Total calculated
    $277,117
    From this org
    $0
    From related orgs
    $247,154
    Other
    $29,963
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,514 related
    Bonus
    $0
    Other
    $0 + $4,640 related
    Deferred
    $0 + $20,649 related
    Nontaxable benefits
    $0 + $9,314 related
    Filer's total
    $0 + $277,117 related

  • Michael L Reney

    ASSISTANT TREASURER

    Total calculated
    $1,067,239
    From this org
    $0
    From related orgs
    $1,020,648
    Other
    $46,591
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $760,613 related
    Bonus
    $0 + $198,040 related
    Other
    $0 + $61,995 related
    Deferred
    $0 + $42,975 related
    Nontaxable benefits
    $0 + $3,616 related
    Filer's total
    $0 + $1,067,239 related

  • Monica Chandra

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Ryan ESQ

    Former Officer

    Total calculated
    $174,176
    From this org
    $0
    From related orgs
    $164,347
    Other
    $9,829
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $70,814 related
    Bonus
    $0 + $93,330 related
    Other
    $0 + $203 related
    Deferred
    $0 + $5,963 related
    Nontaxable benefits
    $0 + $3,866 related
    Filer's total
    $0 + $174,176 related

  • Richard S Boskey ESQ

    Former Officer

    Total calculated
    $108,175
    From this org
    $0
    From related orgs
    $108,175
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $108,175 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $108,175 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
PER DANA-FARBER CANCER INSTITUTE, INC. ("DFCI") AND AFFILIATES' EXECUTIVE COMPENSATION PHILOSOPHY, ANNUALLY DFCI'S COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE DFCI PRESIDENT'S (DFI'S PRESIDENT) PERFORMANCE AND MAKES A RECOMMENDATION REGARDING COMPENSATION TO DFCI'S EXECUTIVE COMMITTEE, WHICH THEN APPROVES SUCH COMPENSATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS PARTICIPATE IN 457(F) PLANS ESTABLISHED BY DANA-FARBER CANCER INSTITUTE, INC. ("DFCI"); TAXABLE AMOUNTS ARE INCLUDED IN REPORTABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III): LAURIE H. GLIMCHER, MD $133,537 RICHARD S. BOSKEY, ESQ $108,175 MICHAEL L. RENEY $57,093

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BINNEY STREET CAPITAL FUND LLC

    investments · DE · income -$1,177,601 · assets $5,340,764

    Directly controlled by DFI

Provenance

Return type
form_990
Tax year
2022
Filed
31 July 2024
IRS schema version
2022v5.0
Source object
202412139349302011

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