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← STANLEY FUND FOR THE BROAD INSTITUTE

Form 990 for tax year 2023

Filed by STANLEY FUND FOR THE BROAD INSTITUTE.

Totals

Total revenue
$1,477,949
Total expenses
$59,921,962
Contributions and grants received
$0
Grants paid
$59,877,532
Program service revenue
$0
Investment income
$1,477,949
Other revenue
$0
Total assets, end of year
$1,617,429
Total liabilities, end of year
$16,000
Net assets or fund balances, end of year
$1,601,429
Program services expenses (Part IX)
$59,877,532
Management and general expenses
$44,430
Fundraising expenses
$0
Program service expenses (Part III)
$59,877,532

Program services were 99.9% 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.

  • 3 · Investment income

    total $378,980 · unrelated business $299,455 · excluded $79,525

  • 7a · Gross sales of assets other than inventory

    securities $1,991,556

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

    securities $892,587

  • 7c · Gain or loss

    securities $1,098,969

  • 7d · Net gain or loss

    total $1,098,969 · excluded $1,098,969

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $59,877,532 · program services $59,877,532

  • 11c · Fees: accounting

    total $62,643 · management and general $62,643

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $205 · management and general $205

  • 24b · Other expenses: UBI TAXES

    total -$18,418 · management and general -$18,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $497,184 · end of year $51,344

  • 2 · Savings and temporary cash investments

    beginning of year $3,048 · end of year $558,134

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,077 · end of year $21,086

  • 12 · Investments: other securities

    beginning of year $60,024,140 · end of year $986,865

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,409

  • 25 · Other liabilities

    beginning of year $49,668 · end of year $16,000

  • 27 · Net assets without donor restrictions

    beginning of year $60,457,372 · end of year $1,601,429

Mission and programs · 2023

Mission

SUPPORTING ORGANIZATION FOR THE BROAD INSTITUTE, INC.

  • SEE SCHEDULE O

    Expenses $59,877,532 · Grants $59,877,532

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

Listed in Part VII

  • Todd Golub

    TRUSTEE

    Total calculated
    $949,827
    From this org
    $0
    From related orgs
    $890,581
    Other
    $59,246
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $890,581 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,950 related
    Nontaxable benefits
    $0 + $30,296 related
    Filer's total
    $0 + $949,827 related

  • Morgan Sheng

    TRUSTEE

    Total calculated
    $660,301
    From this org
    $0
    From related orgs
    $597,779
    Other
    $62,522
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $597,779 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,950 related
    Nontaxable benefits
    $0 + $33,572 related
    Filer's total
    $0 + $660,301 related

  • Steve Hyman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 60 related

  • Jonathan Stanley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen Jones

    TRUSTEE

    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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION TO THE TOP MANAGEMENT OFFICIAL WAS PAID BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH HIS COMPENSATION: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349318311

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