Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $920,400

• 1e · Government grants (contributions)

  $82,929,715

• 1f · All other contributions, gifts and grants

  $55,544,316

• 1g · Noncash contributions included above

  $2,882,637

• 2f · All other program service revenue

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

• 3 · Investment income

  total $9,038,204 · unrelated business -$1,432,732 · excluded $10,470,936

• 5 · Royalties

  total $1,011,800 · excluded $1,011,800

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $299,192,646

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

  securities $286,190,780

• 7c · Gain or loss

  securities $13,001,866 · other assets $0

• 7d · Net gain or loss

  total $13,001,866 · excluded $13,001,866

• 8a · Fundraising events: gross income

  $153,300

• 8a · Fundraising events: contributions included on line 1c

  $920,400

• 8b · Fundraising events: direct expenses

  $1,465,117

• 8c · Net income from fundraising events

  total -$1,311,817 · excluded -$1,311,817

• 11a · Other revenue: ROYALTIES

  total $1,183 · excluded $1,183

• 11b · Other revenue: A/R RECHARGE ALLOWANCE

  total $28,806 · excluded $28,806

• 11c · Other revenue: REVENUE SHARE-HOST VEHICLE CHARGING STAT

  total $1,997 · excluded $1,997

• 11d · All other revenue

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

• 11e · Other revenue, total

  $31,986

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $0 · program services $0

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $3,109,959 · program services $1,236,676 · management and general $1,784,936 · fundraising $88,347

• 6 · Compensation of disqualified persons

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

• 7 · Other salaries and wages

  total $71,543,965 · program services $59,576,885 · management and general $8,306,292 · fundraising $3,660,788

• 8 · Pension plan contributions

  total $4,874,763 · program services $4,095,746 · management and general $525,735 · fundraising $253,282

• 9 · Other employee benefits

  total $8,664,051 · program services $7,280,929 · management and general $934,589 · fundraising $448,533

• 10 · Payroll taxes

  total $5,172,392 · program services $4,345,812 · management and general $557,834 · fundraising $268,746

• 11a · Fees: management

  total $394,545 · program services $65,000 · management and general $329,545 · fundraising $0

• 11b · Fees: legal

  total $979,867 · program services $252,352 · management and general $727,515 · fundraising $0

• 11c · Fees: accounting

  total $276,990 · program services $0 · management and general $276,990 · fundraising $0

• 11d · Fees: lobbying

  total $3,100 · program services $0 · management and general $3,100 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $2,870,948 · program services $0 · management and general $2,870,948 · fundraising $0

• 11g · Fees: other

  total $13,741,606 · program services $12,298,542 · management and general $825,907 · fundraising $617,157

• 12 · Advertising and promotion

  total $27,535 · program services $7,153 · management and general $7,323 · fundraising $13,059

• 13 · Office expenses

  total $752,066 · program services $222,101 · management and general $404,540 · fundraising $125,425

• 14 · Information technology

  total $4,040,059 · program services $2,764,439 · management and general $995,943 · fundraising $279,677

• 15 · Royalties

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

• 16 · Occupancy

  total $11,355,383 · program services $8,635,643 · management and general $2,314,262 · fundraising $405,478

• 17 · Travel

  total $1,172,063 · program services $1,002,520 · management and general $53,449 · fundraising $116,094

• 18 · Travel or entertainment for public officials

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

• 19 · Conferences, conventions and meetings

  total $1,640,570 · program services $1,203,731 · management and general $243,991 · fundraising $192,848

• 20 · Interest

  total $684,922 · program services $0 · management and general $684,922 · fundraising $0

• 21 · Payments to affiliates

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

• 22 · Depreciation, depletion and amortization

  total $12,023,131 · program services $10,995,942 · management and general $925,065 · fundraising $102,124

• 23 · Insurance

  total $427,138 · program services $0 · management and general $427,138 · fundraising $0

• 24a · Other expenses: SCIENTIFIC SUBCONTRACTS

  total $17,621,097 · program services $17,621,097 · management and general $0 · fundraising $0

• 24b · Other expenses: RESEARCH SUPPLIES

  total $15,161,358 · program services $15,161,358 · management and general $0 · fundraising $0

• 24c · Other expenses: OTHER EXPENSES

  total $405,324 · program services $184,477 · management and general $193,787 · fundraising $27,060

• 24d · Other expenses: REPAIRS & PARTS

  total $264,385 · program services $257,803 · management and general $5,589 · fundraising $993

• 24e · All other expenses

  total $22,019 · program services $0 · management and general $22,019 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,278,560 · end of year $9,611,719

• 2 · Savings and temporary cash investments

  beginning of year $24,496,644 · end of year $34,743,132

• 3 · Pledges and grants receivable

  beginning of year $36,602,578 · end of year $38,515,677

• 4 · Accounts receivable

  beginning of year $1,159,918 · end of year $1,427,815

• 5 · Loans and receivables from officers and key people

  beginning of year $409,357 · end of year $304,304

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $2,276,567 · end of year $2,445,253

• 8 · Inventories for sale or use

  beginning of year $23,735 · end of year $13,522

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,339,293 · end of year $932,459

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

  $286,923,828

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

  $210,401,712

• 10c · Land, buildings and equipment, net

  beginning of year $74,740,074 · end of year $76,522,116

• 11 · Investments: publicly traded securities

  beginning of year $145,400,000 · end of year $128,474,605

• 12 · Investments: other securities

  beginning of year $495,706,221 · end of year $515,504,339

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0

• 15 · Other assets

  beginning of year $14,822,631 · end of year $14,283,070

• 17 · Accounts payable and accrued expenses

  beginning of year $41,913,073 · end of year $47,596,671

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $25,958,026 · end of year $24,485,921

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  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

• 23 · Secured mortgages and notes payable

  beginning of year $94,236,307 · end of year $92,138,737

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $10,859,097 · end of year $9,149,952

• 27 · Net assets without donor restrictions

  beginning of year $112,765,719 · end of year $119,439,210

• 28 · Net assets with donor restrictions

  beginning of year $519,523,356 · end of year $529,967,520

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

FIRST-CLASS OR CHARTER TRAVEL: FRED GAGE, PH.D., PROFESSOR - $16,705; JANELLE AYRES, PH.D., PROFESSOR - $7,632; JAN KARLSEDER, PH.D., PROFESSOR - $7,312; WOLFGANG BUSCH, PH.D., PROFESSOR - $4,115. NOT TAXABLE - ACCOUNTABLE PLAN.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SALK INSTITUTE COMMERCIAL SERVICES CORP

  C Corporation · MGMT SERVICES · PA · 100% owned · share of income $4 · share of assets $41,143 · controlled entity

  Directly controlled by SALK INSTITUTE

• CHARITABLE REMAINDER TRUSTS (4)

  Trust · SUPPORT · CA

  Directly controlled by NA