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← CRITICAL PATH INSTITUTE

Form 990 for tax year 2022

Filed by CRITICAL PATH INSTITUTE.

Totals

Total revenue
$35,267,282
Total expenses
$32,008,378
Contributions and grants received
$23,557,036
Grants paid
$4,623,204
Program service revenue
$11,292,408
Investment income
$403,834
Other revenue
$14,004
Total assets, end of year
$26,726,645
Total liabilities, end of year
$11,460,775
Net assets or fund balances, end of year
$15,265,870
Program services expenses (Part IX)
$26,221,785
Management and general expenses
$5,786,593
Fundraising expenses
$0
Program service expenses (Part III)
$26,221,785

Program services were 81.9% 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)

    $18,935,171

  • 1f · All other contributions, gifts and grants

    $4,621,865

  • 1g · Noncash contributions included above

    $32,192

  • 2a · Program service revenue: RESEARCH SUPPORT FEES

    total $11,161,610 · related or exempt $11,161,610

  • 2b · Program service revenue: OTHER REVENUE

    total $130,798 · related or exempt $130,798

  • 3 · Investment income

    total $403,834 · excluded $403,834

  • 11a · Other revenue: EARNINGS FROM SUBSIDIARY

    total $14,004 · related or exempt $14,004

  • 11e · Other revenue, total

    $14,004

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,116,598 · program services $4,116,598

  • 3 · Grants to foreign organizations and individuals

    total $506,606 · program services $506,606

  • 5 · Compensation of officers, directors and key employees

    total $2,549,216 · program services $1,421,459 · management and general $1,127,757

  • 7 · Other salaries and wages

    total $13,659,070 · program services $11,979,800 · management and general $1,679,270

  • 8 · Pension plan contributions

    total $950,723 · program services $843,492 · management and general $107,231

  • 9 · Other employee benefits

    total $1,186,216 · program services $1,022,677 · management and general $163,539

  • 10 · Payroll taxes

    total $1,126,088 · program services $940,449 · management and general $185,639

  • 11b · Fees: legal

    total $52,818 · program services $512 · management and general $52,306

  • 11c · Fees: accounting

    total $71,025 · management and general $71,025

  • 11g · Fees: other

    total $2,758,957 · program services $2,325,857 · management and general $433,100

  • 12 · Advertising and promotion

    total $329,465 · program services $44,352 · management and general $285,113

  • 13 · Office expenses

    total $347,789 · program services $22,828 · management and general $324,961

  • 14 · Information technology

    total $1,756,423 · program services $1,152,812 · management and general $603,611

  • 16 · Occupancy

    total $526,615 · program services $419,541 · management and general $107,074

  • 17 · Travel

    total $698,989 · program services $535,732 · management and general $163,257

  • 19 · Conferences, conventions and meetings

    total $1,070,950 · program services $794,698 · management and general $276,252

  • 22 · Depreciation, depletion and amortization

    total $30,852 · program services $4,806 · management and general $26,046

  • 23 · Insurance

    total $102,970 · management and general $102,970

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $101,097 · program services $35,965 · management and general $65,132

  • 24b · Other expenses: MISCELLANEOUS

    total $65,911 · program services $53,601 · management and general $12,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,618,376 · end of year $1,343,137

  • 2 · Savings and temporary cash investments

    beginning of year $13,932,086 · end of year $18,603,787

  • 3 · Pledges and grants receivable

    beginning of year $2,336,559 · end of year $2,673,874

  • 4 · Accounts receivable

    beginning of year $804,595 · end of year $1,595,768

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,337 · end of year $100,962

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

    $209,808

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

    $168,068

  • 10c · Land, buildings and equipment, net

    beginning of year $72,592 · end of year $41,740

  • 15 · Other assets

    beginning of year $151,541 · end of year $2,367,377

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,958,777 · end of year $2,558,542

  • 19 · Deferred revenue

    beginning of year $5,896,296 · end of year $6,796,932

  • 25 · Other liabilities

    beginning of year $82,473 · end of year $2,105,301

  • 27 · Net assets without donor restrictions

    beginning of year $12,024,540 · end of year $15,265,870

Mission and programs · 2022

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

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

    Expenses $5,965,204 · Grants $1,517,664

  • CURE DRUG REPURPOSING COLLABORATORY (CDRC) - SEE SCHEDULE O

    Expenses $4,448,188 · Grants $2,402,563

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

    Expenses $2,471,751

  • 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 $13,336,642 · Grants $702,977 · Revenue $11,306,412

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ms Kristen Swingle

    COO & PRESIDENT

    Total calculated
    $356,465
    From this org
    $310,147
    From related orgs
    $0
    Other
    $46,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,447
    Bonus
    $21,700
    Other
    $0
    Deferred
    $21,814
    Nontaxable benefits
    $24,504
    Filer's total
    $356,465

  • Dr Klaus Romero

    CHIEF SCIENCE OFFICER

    Total calculated
    $276,789
    From this org
    $241,799
    From related orgs
    $0
    Other
    $34,990
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,099
    Bonus
    $4,700
    Other
    $0
    Deferred
    $19,482
    Nontaxable benefits
    $15,508
    Filer's total
    $276,789

  • Mr Kevin Perkins

    CHIEF FINANCIAL OFFICER & TREASURER

    Total calculated
    $284,756
    From this org
    $236,942
    From related orgs
    $0
    Other
    $47,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,067
    Bonus
    $16,875
    Other
    $0
    Deferred
    $19,710
    Nontaxable benefits
    $28,104
    Filer's total
    $284,756

  • Mr Richard Liwski

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $255,753
    From this org
    $226,150
    From related orgs
    $0
    Other
    $29,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,419
    Bonus
    $12,731
    Other
    $0
    Deferred
    $18,049
    Nontaxable benefits
    $11,554
    Filer's total
    $255,753

  • Dr Stephen Coons

    SENIOR VICE PRESIDENT THRU 03/31/23

    Total calculated
    $253,126
    From this org
    $224,167
    From related orgs
    $0
    Other
    $28,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,841
    Bonus
    $4,326
    Other
    $0
    Deferred
    $17,931
    Nontaxable benefits
    $11,028
    Filer's total
    $253,126

  • Dr Sudhir Sivakumaran

    VICE PRESIDENT/EXECUTIVE DIRECTOR

    Total calculated
    $248,617
    From this org
    $208,819
    From related orgs
    $0
    Other
    $39,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,618
    Bonus
    $4,201
    Other
    $0
    Deferred
    $17,415
    Nontaxable benefits
    $22,383
    Filer's total
    $248,617

  • Dr Diane Stephenson

    EXECUTIVE DIRECTOR

    Total calculated
    $224,957
    From this org
    $194,282
    From related orgs
    $0
    Other
    $30,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,519
    Bonus
    $3,763
    Other
    $0
    Deferred
    $14,727
    Nontaxable benefits
    $15,948
    Filer's total
    $224,957

  • Dr Sergey Rakhilin

    EXECUTIVE DIRECTOR

    Total calculated
    $202,814
    From this org
    $190,374
    From related orgs
    $0
    Other
    $12,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,854
    Bonus
    $1,520
    Other
    $0
    Deferred
    $11,804
    Nontaxable benefits
    $636
    Filer's total
    $202,814

  • Ms Sonya Eremenco

    EXECUTIVE DIRECTOR

    Total calculated
    $217,722
    From this org
    $190,367
    From related orgs
    $0
    Other
    $27,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,627
    Bonus
    $3,740
    Other
    $0
    Deferred
    $15,558
    Nontaxable benefits
    $11,797
    Filer's total
    $217,722

  • Dr Marco Schito

    EXECUTIVE DIRECTOR

    Total calculated
    $211,807
    From this org
    $182,025
    From related orgs
    $0
    Other
    $29,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,495
    Bonus
    $3,530
    Other
    $0
    Deferred
    $14,632
    Nontaxable benefits
    $15,150
    Filer's total
    $211,807

  • Ms Terina Martinez

    EXECUTIVE DIRECTOR

    Total calculated
    $203,802
    From this org
    $182,013
    From related orgs
    $0
    Other
    $21,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,513
    Bonus
    $3,500
    Other
    $0
    Deferred
    $14,560
    Nontaxable benefits
    $7,229
    Filer's total
    $203,802

  • Dr Kanwaljit Singh

    EXECUTIVE DIRECTOR

    Total calculated
    $213,373
    From this org
    $178,413
    From related orgs
    $0
    Other
    $34,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,890
    Bonus
    $3,523
    Other
    $0
    Deferred
    $11,597
    Nontaxable benefits
    $23,363
    Filer's total
    $213,373

  • Mr Nicholas King

    EXECUTIVE DIRECTOR

    Total calculated
    $197,624
    From this org
    $173,081
    From related orgs
    $0
    Other
    $24,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,681
    Bonus
    $3,400
    Other
    $0
    Deferred
    $14,093
    Nontaxable benefits
    $10,450
    Filer's total
    $197,624

  • Mr Lewis Barbieri

    CORPORATE SECRETARY

    Total calculated
    $158,444
    From this org
    $134,433
    From related orgs
    $0
    Other
    $24,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,896
    Bonus
    $3,537
    Other
    $0
    Deferred
    $10,846
    Nontaxable benefits
    $13,165
    Filer's total
    $158,444

  • Mr Daniel M Jorgensen

    CEO/BOARD MEMBER

    Total calculated
    $108,122
    From this org
    $100,075
    From related orgs
    $0
    Other
    $8,047
    Hours/week
    40

  • Mr M Wainwright Fishburn Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mr Jeffery Jacob

    VICE CHAIRMAN

    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 Karen Bernstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ms Kay Holcombe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ms Mara G Aspinall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Paula J Olsiewski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Peter Barton Hutt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mr Shaun A Kirkpatrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Timothy R Franson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Tomas Salmonson

    BOARD MEMBER

    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

  • 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 $0 · assets $82,200

    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 · share of assets $364,512 · controlled entity

    Directly controlled by CRITICAL PATH INSTITUTE STICHTING

Provenance

Return type
form_990
Tax year
2022
Filed
18 March 2024
IRS schema version
2022v5.0
Source object
202410809349300526

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