Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $58,717,000

• 1f · All other contributions, gifts and grants

  $15,656,000

• 1g · Noncash contributions included above

  $2,537,000

• 2a · Program service revenue: RESEARCH CONTRACT REVENUE

  total $2,535,000 · related or exempt $2,535,000

• 3 · Investment income

  total $9,391,000 · excluded $9,391,000

• 5 · Royalties

  total $4,245,000 · excluded $4,245,000

• 6a · Gross rents

  real property $53,000

• 6b · Less rental expenses

  real property $46,000

• 6c · Rental income or loss

  real property $7,000

• 6d · Net rental income or loss

  total $7,000 · excluded $7,000

• 7a · Gross sales of assets other than inventory

  securities $41,633,000

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

  securities $39,410,000

• 7c · Gain or loss

  securities $2,223,000

• 7d · Net gain or loss

  total $2,223,000 · excluded $2,223,000

• 11a · Other revenue: SALES OF SPECIALIZED SERVICES

  total $278,000 · unrelated business $278,000

• 11d · All other revenue

  total $78,000 · excluded $78,000

• 11e · Other revenue, total

  $356,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $4,229,000 · program services $1,865,000 · management and general $2,025,000 · fundraising $339,000

• 7 · Other salaries and wages

  total $26,241,000 · program services $20,278,000 · management and general $5,282,000 · fundraising $681,000

• 8 · Pension plan contributions

  total $2,263,000 · program services $1,905,000 · management and general $324,000 · fundraising $34,000

• 9 · Other employee benefits

  total $4,258,000 · program services $2,959,000 · management and general $1,147,000 · fundraising $152,000

• 10 · Payroll taxes

  total $1,921,000 · program services $1,484,000 · management and general $387,000 · fundraising $50,000

• 11b · Fees: legal

  total $1,443,000 · management and general $1,442,000 · fundraising $1,000

• 11c · Fees: accounting

  total $202,000 · management and general $202,000

• 11d · Fees: lobbying

  total $272,000 · management and general $272,000

• 11f · Fees: investment management

  total $587,000 · management and general $587,000

• 11g · Fees: other

  total $4,228,000 · program services $2,081,000 · management and general $1,772,000 · fundraising $375,000

• 12 · Advertising and promotion

  total $175,000 · management and general $175,000

• 13 · Office expenses

  total $510,000 · program services $271,000 · management and general $220,000 · fundraising $19,000

• 14 · Information technology

  total $1,495,000 · program services $298,000 · management and general $1,172,000 · fundraising $25,000

• 16 · Occupancy

  total $5,123,000 · program services $4,533,000 · management and general $555,000 · fundraising $35,000

• 17 · Travel

  total $522,000 · program services $410,000 · management and general $93,000 · fundraising $19,000

• 19 · Conferences, conventions and meetings

  total $9,000 · program services $7,000 · management and general $2,000

• 20 · Interest

  total $1,331,000 · program services $1,167,000 · management and general $155,000 · fundraising $9,000

• 22 · Depreciation, depletion and amortization

  total $8,620,000 · program services $7,560,000 · management and general $1,002,000 · fundraising $58,000

• 23 · Insurance

  total $337,000 · program services $3,000 · management and general $334,000

• 24a · Other expenses: SUBAWARDS

  total $17,578,000 · program services $17,578,000 · management and general $0 · fundraising $0

• 24b · Other expenses: LAB SUPPLIES AND EQUIPM

  total $10,014,000 · program services $9,266,000 · management and general $748,000 · fundraising $0

• 24c · Other expenses: STIPENDS

  total $1,753,000 · program services $1,720,000 · management and general $33,000 · fundraising $0

• 24d · Other expenses: TUITION, HONRARIUM, AND

  total $448,000 · program services $316,000 · management and general $85,000 · fundraising $47,000

• 24e · All other expenses

  total $303,000 · program services $250,000 · management and general $43,000 · fundraising $10,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,320,000 · end of year $12,430,000

• 2 · Savings and temporary cash investments

  beginning of year $11,011,000 · end of year $1,976,000

• 3 · Pledges and grants receivable

  beginning of year $24,933,000 · end of year $22,851,000

• 4 · Accounts receivable

  beginning of year $19,630,000 · end of year $24,580,000

• 8 · Inventories for sale or use

  beginning of year $657,000 · end of year $698,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,543,000 · end of year $3,501,000

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

  $202,437,000

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

  $109,992,000

• 10c · Land, buildings and equipment, net

  beginning of year $91,899,000 · end of year $92,445,000

• 11 · Investments: publicly traded securities

  beginning of year $194,682,000 · end of year $214,668,000

• 12 · Investments: other securities

  beginning of year $28,747,000 · end of year $23,262,000

• 15 · Other assets

  beginning of year $21,970,000 · end of year $28,535,000

• 17 · Accounts payable and accrued expenses

  beginning of year $16,689,000 · end of year $16,130,000

• 19 · Deferred revenue

  beginning of year $10,813,000 · end of year $14,411,000

• 20 · Tax-exempt bond liabilities

  beginning of year $52,780,000 · end of year $52,808,000

• 27 · Net assets without donor restrictions

  beginning of year $224,558,000 · end of year $238,327,000

• 28 · Net assets with donor restrictions

  beginning of year $97,552,000 · end of year $103,270,000

The filer's explanations (Part III)

PART I, LINE 1A

TAX INDEMNIFICATION AND GROSS-UP PAYMENTS INCLUDE TUITION BENEFITS. DISCRETIONARY SPENDING ACCOUNT INCLUDES SOCIAL CLUB DUES FOR CEO ONLY. ALL AMOUNTS INCLUDED IN TAXABLE COMPENSATION.

PART I, LINE 1B

TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE PROVIDED WITH A WRITTEN POLICY. SOCIAL CLUB DUES ARE PROVIDED VIA EMPLOYMENT CONTRACT WITH CEO.

PART I, LINE 7

NON-FIXED PAYMENTS, IN THE FORM OF BONUSES, ARE APPROVED BY THE BOARD EXECUTIVE EVALUATION AND COMPENSATION COMMITTEE. THE BONUSES ARE BASED ON PERFORMANCE INCLUDING LEADERSHIP. REVENUE IS NOT A BASIS FOR A BONUS.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• TALL CELL TECHNOLOGY LP

  EXCLUDED · LICENSING · PA · 90% owned · share of income $148,000 · share of assets $18,000 · general or managing partner

  Directly controlled by THE WISTAR INSTITUTE OF ANATOMY AND BIOLOGY

Related corporations and trusts

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

• BENEFICIAL INTEREST IN PERPETUAL TRUSTS BNY MELLON WEALTH MANAGEMENT

  T · TRUSTS · PA · 100% owned · share of income $34,000 · share of assets $235,000

  Directly controlled by BNY MELLON BANK

• BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST PNC WEALTH MANAGEMENT

  T · TRUST · PA · 100% owned · share of income $1,255,000 · share of assets $18,253,000

  Directly controlled by PNC BANK

• BENEFICIAL INTEREST IN PERPETUAL TRUSTS PNC INSTITUTIONAL INVESTMENTS

  T · TRUSTS · PA · 100% owned · share of income $345,000 · share of assets $2,251,000

  Directly controlled by PNC BANK