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Nonprofiteer
← CRITICAL PATH INSTITUTE

Form 990 for tax year 2024

Filed by CRITICAL PATH INSTITUTE.

Totals

Total revenue
$46,783,745
Total expenses
$40,232,360
Contributions and grants received
$33,561,505
Grants paid
$5,186,032
Program service revenue
$12,287,265
Investment income
$934,975
Other revenue
$0
Total assets, end of year
$38,361,666
Total liabilities, end of year
$12,096,569
Net assets or fund balances, end of year
$26,265,097
Program services expenses (Part IX)
$31,351,215
Management and general expenses
$8,881,145
Fundraising expenses
$0
Program service expenses (Part III)
$31,351,215

Program services were 77.9% 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.

  • 1e · Government grants (contributions)

    $20,724,703

  • 1f · All other contributions, gifts and grants

    $12,836,802

  • 2a · Program service revenue: RESEARCH SUPPORT FEES

    total $11,914,937 · related or exempt $11,914,937

  • 2b · Program service revenue: OTHER REVENUE

    total $372,328 · related or exempt $372,328

  • 3 · Investment income

    total $934,975 · excluded $934,975

  • 7a · Gross sales of assets other than inventory

    securities $6,000,000

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

    securities $6,000,000

  • 7c · Gain or loss

    securities $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,759,058 · program services $3,759,058

  • 3 · Grants to foreign organizations and individuals

    total $1,426,974 · program services $1,426,974

  • 5 · Compensation of officers, directors and key employees

    total $2,342,583 · program services $1,261,059 · management and general $1,081,524

  • 7 · Other salaries and wages

    total $18,554,068 · program services $15,147,423 · management and general $3,406,645

  • 8 · Pension plan contributions

    total $1,252,317 · program services $1,024,794 · management and general $227,523

  • 9 · Other employee benefits

    total $2,008,857 · program services $1,472,489 · management and general $536,368

  • 10 · Payroll taxes

    total $1,412,085 · program services $1,113,444 · management and general $298,641

  • 11b · Fees: legal

    total $55,396 · management and general $55,396

  • 11c · Fees: accounting

    total $90,175 · management and general $90,175

  • 11d · Fees: lobbying

    total $60,000 · management and general $60,000

  • 11g · Fees: other

    total $2,464,764 · program services $2,180,010 · management and general $284,754

  • 12 · Advertising and promotion

    total $483,137 · program services $37,250 · management and general $445,887

  • 13 · Office expenses

    total $431,331 · program services $60,071 · management and general $371,260

  • 14 · Information technology

    total $2,859,969 · program services $1,967,820 · management and general $892,149

  • 16 · Occupancy

    total $521,675 · program services $380,090 · management and general $141,585

  • 17 · Travel

    total $878,809 · program services $554,138 · management and general $324,671

  • 19 · Conferences, conventions and meetings

    total $1,351,528 · program services $935,076 · management and general $416,452

  • 22 · Depreciation, depletion and amortization

    total $15,442 · program services $2,002 · management and general $13,440

  • 23 · Insurance

    total $192,747 · management and general $192,747

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $63,995 · program services $29,160 · management and general $34,835

  • 24b · Other expenses: MISCELLANEOUS

    total $7,450 · program services $357 · management and general $7,093

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,348,508 · end of year $1,582,265

  • 2 · Savings and temporary cash investments

    beginning of year $23,250,388 · end of year $23,177,979

  • 3 · Pledges and grants receivable

    beginning of year $2,953,014 · end of year $3,222,404

  • 4 · Accounts receivable

    beginning of year $1,763,675 · end of year $846,693

  • 9 · Prepaid expenses and deferred charges

    beginning of year $140,256 · end of year $112,606

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

    $97,242

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

    $95,374

  • 10c · Land, buildings and equipment, net

    beginning of year $17,310 · end of year $1,868

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $7,939,830

  • 15 · Other assets

    beginning of year $1,813,431 · end of year $1,478,021

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,269,884 · end of year $3,072,100

  • 19 · Deferred revenue

    beginning of year $6,779,327 · end of year $7,751,209

  • 25 · Other liabilities

    beginning of year $1,705,256 · end of year $1,273,260

  • 27 · Net assets without donor restrictions

    beginning of year $14,406,381 · end of year $16,507,758

  • 28 · Net assets with donor restrictions

    beginning of year $5,125,734 · end of year $9,757,339

Mission and programs · 2024

Mission

THE CRITICAL PATH INSTITUTE IS A CATALYST IN THE DEVELOPMENT OF NEW APPROACHES THAT ADVANCE MEDICAL INNOVATION AND REGULATORY SCIENCE. THIS IS ACHIEVED BY LEADING TEAMS THAT SHARE DATA, KNOWLEDGE AND EXPERTISE RESULTING IN SOUND, CONSENSUS BASED SCIENCE.

Activities or mission (Part I)

INTERNATIONAL COLLABORATIONS AND NOVEL TOOLS TO ENABLE FASTER DEVELOPMENT OF SAFE MEDICAL PRODUCTS

  • CRITICAL PATH FOR RARE NEURODEGENERATIVE DISEASES (CP-RND) - SEE SCHEDULE O

    Expenses $6,720,599

  • RARE DISEASE CURES ACCELERATOR-DATA AND ANALYTICS PLATFORM (RDCA-DAP) - SEE SCHEDULE O

    Expenses $6,059,856 · Grants $1,319,385

  • CRITICAL PATH INSTITUTE'S TRANSLATIONAL THERAPEUTICS ACCELERATOR (TRXA) - SEE SCHEDULE O

    Expenses $2,886,756 · Grants $1,612,597

  • CRITICAL PATH INSTITUTE ALSO EXECUTES OTHER PROJECTS AND CONSORTIA IN AREAS INCLUDING THERAPEUTICS FOR THE ATAXIAS, POLYCYSTIC KIDNEY DISORDER, ALZHEIMER'S DISEASE, PARKINSON'S, TB, SICKLE CELL DISEASE, TYPE 1 DIABETES, DUCHENNE MUSCULAR DYSTROPHY, ALPHA-1 ANTITRYPSIN DEFICIENCY, LYSOSOMAL DISEASES, MODEL INFORMED DRUG DEVELOPMENT, PATIENT-REPORTED OUTCOME, ELECTRONIC CLINICAL OUTCOME ASSESSMENT, RARE DISEASE CLINICAL OUTCOME ASSESSMENT, TRANSPLANT THERAPEUTICS, PREDICTIVE SAFETY TESTING, PEDIATRICS, AND OTHERS.

    Expenses $15,684,004 · Grants $2,254,049 · Revenue $12,287,265

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ms Bonnie Allin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ms Mara G Aspinall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Peter Barton Hutt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Karen Bernstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Louis Breton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Timothy R Franson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ms Kay Holcombe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Shaun A Kirkpatrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Alan G Levin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr James W Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Tomas Salmonson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr M Wainwright Fishburn Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mr Jeffery Jacob

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dr Klaus Romero

    CEO

    Total calculated
    $519,080
    From this org
    $465,393
    From related orgs
    $0
    Other
    $53,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $431,193
    Bonus
    $34,200
    Other
    $0
    Deferred
    $34,736
    Nontaxable benefits
    $18,951
    Filer's total
    $519,080

  • Ms Kristen Swingle

    PRESIDENT & COO

    Total calculated
    $440,146
    From this org
    $382,404
    From related orgs
    $0
    Other
    $57,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $357,114
    Bonus
    $25,290
    Other
    $0
    Deferred
    $27,721
    Nontaxable benefits
    $30,021
    Filer's total
    $440,146

  • Mr Kevin Perkins

    CHIEF FINANCIAL OFFICER & TREASURER

    Total calculated
    $324,637
    From this org
    $279,156
    From related orgs
    $0
    Other
    $45,481
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,156
    Bonus
    $24,000
    Other
    $0
    Deferred
    $21,128
    Nontaxable benefits
    $24,353
    Filer's total
    $324,637

  • Mr Paul Edmeier

    CHIEF FINANCIAL OFFICER & TREASURER

    Total calculated
    $0
    Hours/week
    40

  • Mr Lewis Barbieri

    CORPORATE SECRETARY

    Total calculated
    $177,093
    From this org
    $150,328
    From related orgs
    $0
    Other
    $26,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,198
    Bonus
    $4,130
    Other
    $0
    Deferred
    $11,891
    Nontaxable benefits
    $14,874
    Filer's total
    $177,093

  • Mr Richard Liwski

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $305,471
    From this org
    $267,416
    From related orgs
    $0
    Other
    $38,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,851
    Bonus
    $23,565
    Other
    $0
    Deferred
    $18,742
    Nontaxable benefits
    $19,313
    Filer's total
    $305,471

  • Mr Collin Hovinga

    VP PROGRAMS

    Total calculated
    $295,796
    From this org
    $273,459
    From related orgs
    $0
    Other
    $22,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,459
    Bonus
    $20,000
    Other
    $0
    Deferred
    $20,046
    Nontaxable benefits
    $2,291
    Filer's total
    $295,796

  • Dr Cheryl Coon

    VP PROGRAMS

    Total calculated
    $364,131
    From this org
    $322,075
    From related orgs
    $0
    Other
    $42,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,127
    Bonus
    $32,948
    Other
    $0
    Deferred
    $23,393
    Nontaxable benefits
    $18,663
    Filer's total
    $364,131

  • Dr Marco Schito

    EXECUTIVE DIRECTOR

    Total calculated
    $293,944
    From this org
    $261,008
    From related orgs
    $0
    Other
    $32,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,179
    Bonus
    $4,829
    Other
    $0
    Deferred
    $15,740
    Nontaxable benefits
    $17,196
    Filer's total
    $293,944

  • Dr Sudhir Sivakumaran

    EXECUTIVE DIRECTOR

    Total calculated
    $259,494
    From this org
    $256,179
    From related orgs
    $0
    Other
    $3,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,179
    Bonus
    $0
    Other
    $0
    Deferred
    $2,198
    Nontaxable benefits
    $1,117
    Filer's total
    $259,494

  • Dr Maaike Everts

    EXECUTIVE DIRECTOR

    Total calculated
    $296,048
    From this org
    $257,993
    From related orgs
    $0
    Other
    $38,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,428
    Bonus
    $23,565
    Other
    $0
    Deferred
    $18,742
    Nontaxable benefits
    $19,313
    Filer's total
    $296,048

  • Dr Diane Stephenson

    EXECUTIVE DIRECTOR

    Total calculated
    $297,470
    From this org
    $260,883
    From related orgs
    $0
    Other
    $36,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,656
    Bonus
    $22,227
    Other
    $0
    Deferred
    $17,444
    Nontaxable benefits
    $19,143
    Filer's total
    $297,470

  • Ms Sonya Eremenco

    EXECUTIVE DIRECTOR

    Total calculated
    $280,391
    From this org
    $242,607
    From related orgs
    $0
    Other
    $37,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,359
    Bonus
    $22,248
    Other
    $0
    Deferred
    $18,345
    Nontaxable benefits
    $19,439
    Filer's total
    $280,391

  • Dr Shu Chin Ma

    VP PROGRAMS

    Total calculated
    $275,231
    From this org
    $255,657
    From related orgs
    $0
    Other
    $19,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,207
    Bonus
    $14,450
    Other
    $0
    Deferred
    $18,592
    Nontaxable benefits
    $982
    Filer's total
    $275,231

  • Mr Yi Zhang

    SENIOR DIRECTOR

    Total calculated
    $246,937
    From this org
    $197,565
    From related orgs
    $0
    Other
    $49,372
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,259
    Bonus
    $3,306
    Other
    $0
    Deferred
    $15,960
    Nontaxable benefits
    $33,412
    Filer's total
    $246,937

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
CRITICAL PATH AWARDS VARIABLE COMPENSATION BASED ON PERFORMANCE AND WITH GUIDANCE FROM THE 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • CRITICAL PATH INSTITUTE STICHTING

    EDUCATION AND RESEARCH IN EUROPE TO ACCELERATE DEVELOPMENT OF NEW THERAPIES · NL · income $846,214 · assets $546,510

    Directly controlled by CRITICAL PATH INSTITUTE

Related corporations and trusts

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

  • CRITICAL PATH INSTITUTE LTD

    C · EDUCATION AND RESEARCH IN EUROPE TO ACCELERATE DEVELOPMENT OF NEW THERAPIES · EI · 100% owned · controlled entity

    Directly controlled by CRITICAL PATH INSTITUTE STICHTING

Provenance

Return type
form_990
Tax year
2024
Filed
18 February 2026
IRS schema version
2024v5.5
Source object
202620619349300337

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