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Nonprofiteer
← SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE

Form 990 for tax year 2023

Filed by SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE.

Totals

Total revenue
$123,272,481
Total expenses
$111,174,592
Contributions and grants received
$107,001,067
Grants paid
$0
Program service revenue
$669,975
Investment income
$12,533,478
Other revenue
$3,067,961
Total assets, end of year
$326,353,986
Total liabilities, end of year
$58,142,392
Net assets or fund balances, end of year
$268,211,594
Program services expenses (Part IX)
$90,729,383
Management and general expenses
$18,641,204
Fundraising expenses
$1,804,005
Program service expenses (Part III)
$90,729,383

Program services were 81.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID BRENNER MD

    CEO AND PRESIDENT

    Total calculated
    $1,311,788
    From this org
    $984,345
    From related orgs
    $0
    Other
    $327,443
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $974,234
    Bonus
    $0
    Other
    $10,111
    Deferred
    $312,500
    Nontaxable benefits
    $14,943
    Filer's total
    $1,311,788

  • DONALD B KEARNS MD

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM GERHART

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DANIEL J EPSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID L SZEKERES JD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID W DOWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS H OBENSHAIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES C BLAIR PHD

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • JAMES M MYERS

    TRUSTEE (PART YEAR)

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE CHAPIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KAZUMI SHIOSAKI PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LONNA J WILLIAMS STOLPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LORI MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL R CUNNINGHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS COSFORD

    PROFESSOR & TRUSTEE

    Total calculated
    $312,612
    From this org
    $244,128
    From related orgs
    $0
    Other
    $68,484
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,544
    Bonus
    $0
    Other
    $3,584
    Deferred
    $24,270
    Nontaxable benefits
    $44,214
    Filer's total
    $312,612

  • STUART A TANZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TED ROTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM A ROPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ADRIENNE CROWN JD

    GENERAL COUNSEL & SECRETARY

    Total calculated
    $409,163
    From this org
    $360,490
    From related orgs
    $0
    Other
    $48,673
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $357,860
    Bonus
    $0
    Other
    $2,630
    Deferred
    $33,000
    Nontaxable benefits
    $15,673
    Filer's total
    $409,163

  • ROBIN RYAN

    CFO & TREASURER

    Total calculated
    $506,989
    From this org
    $458,690
    From related orgs
    $0
    Other
    $48,299
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $451,617
    Bonus
    $0
    Other
    $7,073
    Deferred
    $33,000
    Nontaxable benefits
    $15,299
    Filer's total
    $506,989

  • CARL WARE PHD

    CENTER DIRECTOR, IIDC

    Total calculated
    $518,091
    From this org
    $454,389
    From related orgs
    $0
    Other
    $63,702
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $423,954
    Bonus
    $0
    Other
    $30,435
    Deferred
    $33,000
    Nontaxable benefits
    $30,702
    Filer's total
    $518,091

  • KRISTIINA VUORI MD PHD

    PROFESSOR

    Total calculated
    $661,818
    From this org
    $601,208
    From related orgs
    $0
    Other
    $60,610
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $598,654
    Bonus
    $0
    Other
    $2,554
    Deferred
    $33,000
    Nontaxable benefits
    $27,610
    Filer's total
    $661,818

  • MICHAEL JACKSON PHD

    DRUG DISCOVERY & DEV, SR VP

    Total calculated
    $505,811
    From this org
    $447,238
    From related orgs
    $0
    Other
    $58,573
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $441,089
    Bonus
    $0
    Other
    $6,149
    Deferred
    $33,000
    Nontaxable benefits
    $25,573
    Filer's total
    $505,811

  • RANDAL KAUFMAN PHD

    PROGRAM DIRECTOR

    Total calculated
    $477,988
    From this org
    $402,033
    From related orgs
    $0
    Other
    $75,955
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $386,854
    Bonus
    $0
    Other
    $15,179
    Deferred
    $33,000
    Nontaxable benefits
    $42,955
    Filer's total
    $477,988

  • ZE'EV RONAI PHD

    CENTER DIRECTOR

    Total calculated
    $561,192
    From this org
    $497,532
    From related orgs
    $0
    Other
    $63,660
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $437,537
    Bonus
    $50,000
    Other
    $9,995
    Deferred
    $33,000
    Nontaxable benefits
    $30,660
    Filer's total
    $561,192

  • C RANDAL MILLS PHD

    FORMER CEO

    Total calculated
    $341,250
    From this org
    $341,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $341,250
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $341,250

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

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
FIRST CLASS TRAVEL IS GENERALLY NOT PERMITTED, EXCEPT UNDER VERY LIMITED AND RARE CIRCUMSTANCES AND CONDITIONS, SUCH AS A MEDICAL CONDITION REQUIREMENT AND URGENT CIRCUMSTANCES. THIS WAS NOT TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
HEALTH OR SOCIAL CLUB DUES ARE NEGOTIATED IN THE HIRING PROCESS FOR CERTAIN EMPLOYEES. THE AMOUNTS WERE TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 4a Severance or change-of-control payment
C. RANDAL MILLS, PHD RECEIVED $341,250 IN SEVERANCE AS PART OF HIS SEPARATION AGREEMENT.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
A RETENTION BONUS WAS SET UP FOR THE PRESIDENT AND CEO, DR. DAVID BRENNER, WHERE VESTING WILL OCCUR THE EARLIEST OF 09/14/27. DISTRIBUTION IS A ONE-TIME LUMP SUM PAYMENT UPON VESTING.
Schedule J, Part I, Line 7 Non-fixed payments
SOME SENIOR EXECUTIVES HAVE EMPLOYMENT AGREEMENTS STIPULATING A BONUS WILL BE PAID TO THEM PROVIDED CERTAIN GOALS OR ACCOMPLISHMENTS ARE ACHIEVED.
Schedule J, Part II, Column (C) RETIREMENT AND OTHER DEFERRED COMPENSATION
THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C INCLUDES THE ACCRUAL OF $300,000 FOR THE PRESIDENT & CEO, DR. DAVID BRENNER FOR A RETENTION BONUS DESCRIBED IN PART I. THE AMOUNT IS NOT VESTED AND IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE.

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
9 May 2025
IRS schema version
2023v6.0
Source object
202511299349301756

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