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Nonprofiteer
← BECKMAN RESEARCH INSTITUTE

Form 990 for tax year 2022

Filed by BECKMAN RESEARCH INSTITUTE.

Totals

Total revenue
$229,086,534
Total expenses
$353,496,343
Contributions and grants received
$150,737,172
Grants paid
$0
Program service revenue
$15,969,208
Investment income
$48,687,565
Other revenue
$13,692,589
Total assets, end of year
$1,946,470,774
Total liabilities, end of year
$828,494,912
Net assets or fund balances, end of year
$1,117,975,862
Program services expenses (Part IX)
$286,174,369
Management and general expenses
$67,197,681
Fundraising expenses
$124,293
Program service expenses (Part III)
$286,174,369

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVEN B FINK

    Director & CHAIR of the Board

    Total calculated
    $0
    Hours/week
    2 + 12 related

  • CHARLOTTE HUBBERT PHD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Debbie C Thurmond PHD

    Director; Professor

    Total calculated
    $513,644
    From this org
    $435,517
    From related orgs
    $0
    Other
    $78,127
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $399,660
    Bonus
    $13,759
    Other
    $22,098
    Deferred
    $43,500
    Nontaxable benefits
    $34,627
    Filer's total
    $513,644

  • EMMET STEPHENSON

    Director

    Total calculated
    $0
    Hours/week
    2

  • JULIAN HUSBANDS MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • NORMAN PAYSON MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Saro Armenian DO MPH

    Director

    Total calculated
    $0
    Hours/week
    2

  • SELWYN ISAKOW

    Director

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • TODD M BINDER

    Director

    Total calculated
    $0
    Hours/week
    2

  • CRISTIN O'CALLAHAN

    Corp. Secretary & General Counsel

    Total calculated
    $1,181,210
    From this org
    $198,068
    From related orgs
    $792,272
    Other
    $190,870
    Hours/week
    12 + 52 related

    Schedule J breakdown matched by us

    Base
    $115,652 + $462,608 related
    Bonus
    $74,646 + $298,584 related
    Other
    $7,770 + $31,080 related
    Deferred
    $28,962 + $115,848 related
    Nontaxable benefits
    $9,212 + $36,848 related
    Filer's total
    $236,242 + $944,968 related

  • DONALD J MATTHEWSON

    Asst. Treasurer & VP, Treasury & Fin. Strategy

    Total calculated
    $602,460
    From this org
    $145,732
    From related orgs
    $437,196
    Other
    $19,532
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $90,901 + $272,703 related
    Bonus
    $17,518 + $52,554 related
    Other
    $37,313 + $111,939 related
    Deferred
    $2,315 + $6,945 related
    Nontaxable benefits
    $2,568 + $7,704 related
    Filer's total
    $150,615 + $451,845 related

  • JENNIFER A PARKHURST

    Treasurer & CFO - Until 6/30/23

    Total calculated
    $2,208,220
    From this org
    $412,900
    From related orgs
    $1,651,600
    Other
    $143,720
    Hours/week
    12 + 52 related

    Schedule J breakdown matched by us

    Base
    $180,458 + $721,832 related
    Bonus
    $212,061 + $848,244 related
    Other
    $20,381 + $81,524 related
    Deferred
    $18,492 + $73,968 related
    Nontaxable benefits
    $10,252 + $41,008 related
    Filer's total
    $441,644 + $1,766,576 related

  • Jo Ann Escasa-Haigh

    Treasurer & CFO - Beg. 6/30/23

    Total calculated
    $0
    Hours/week
    15 + 49 related

  • PHILIP OKALA

    COH SYSTEM PRESIDENT - UNTIL 5/18/23

    Total calculated
    $1,818,560
    From this org
    $358,767
    From related orgs
    $1,435,068
    Other
    $24,725
    Hours/week
    12 + 48 related

    Schedule J breakdown matched by us

    Base
    $76,003 + $304,012 related
    Bonus
    $250,000 + $1,000,000 related
    Other
    $32,764 + $131,056 related
    Deferred
    $2,583 + $10,332 related
    Nontaxable benefits
    $2,362 + $9,448 related
    Filer's total
    $363,712 + $1,454,848 related

  • ROBERT W STONE

    PRESIDENT

    Total calculated
    $5,130,994
    From this org
    $1,079,108
    From related orgs
    $3,237,323
    Other
    $814,563
    Hours/week
    15 + 47 related

    Schedule J breakdown matched by us

    Base
    $483,623 + $1,450,868 related
    Bonus
    $552,024 + $1,656,072 related
    Other
    $43,461 + $130,383 related
    Deferred
    $193,435 + $580,305 related
    Nontaxable benefits
    $10,206 + $30,617 related
    Filer's total
    $1,282,749 + $3,848,245 related

  • Ashley Baker Lee

    SVP, Research Operations

    Total calculated
    $1,198,079
    From this org
    $543,073
    From related orgs
    $543,073
    Other
    $111,933
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $325,599 + $325,599 related
    Bonus
    $178,382 + $178,382 related
    Other
    $39,092 + $39,092 related
    Deferred
    $39,512 + $39,511 related
    Nontaxable benefits
    $16,455 + $16,455 related
    Filer's total
    $599,040 + $599,039 related

  • David Horne PhD

    Vice Provost & Deputy Director

    Total calculated
    $926,151
    From this org
    $699,275
    From related orgs
    $123,402
    Other
    $103,474
    Hours/week
    51 + 9 related

    Schedule J breakdown matched by us

    Base
    $479,485 + $84,615 related
    Bonus
    $174,587 + $30,810 related
    Other
    $45,203 + $7,977 related
    Deferred
    $58,583 + $10,338 related
    Nontaxable benefits
    $29,369 + $5,184 related
    Filer's total
    $787,227 + $138,924 related

  • Debra Fields

    EVP & Chief Transformation Officer

    Total calculated
    $2,305,012
    From this org
    $499,648
    From related orgs
    $1,498,944
    Other
    $306,420
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $203,066 + $609,198 related
    Bonus
    $277,133 + $831,399 related
    Other
    $19,449 + $58,347 related
    Deferred
    $62,798 + $188,394 related
    Nontaxable benefits
    $13,807 + $41,421 related
    Filer's total
    $576,253 + $1,728,759 related

  • Mark Hulse

    Chief Digital Officer

    Total calculated
    $2,059,728
    From this org
    $457,611
    From related orgs
    $1,372,833
    Other
    $229,284
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $193,859 + $581,577 related
    Bonus
    $238,735 + $716,205 related
    Other
    $25,017 + $75,051 related
    Deferred
    $49,651 + $148,953 related
    Nontaxable benefits
    $7,670 + $23,010 related
    Filer's total
    $514,932 + $1,544,796 related

  • Steven T Rosen MD

    Provost & Chief Scientific Officer

    Total calculated
    $1,925,457
    From this org
    $916,446
    From related orgs
    $749,820
    Other
    $259,191
    Hours/week
    33 + 27 related

    Schedule J breakdown matched by us

    Base
    $505,556 + $413,638 related
    Bonus
    $343,909 + $281,380 related
    Other
    $66,981 + $54,802 related
    Deferred
    $132,708 + $108,579 related
    Nontaxable benefits
    $9,847 + $8,057 related
    Filer's total
    $1,059,001 + $866,456 related

  • HARLAN LEVINE MD

    President, Health Innovation & policy

    Total calculated
    $3,169,443
    From this org
    $858,705
    From related orgs
    $2,003,644
    Other
    $307,094
    Hours/week
    18 + 42 related

    Schedule J breakdown matched by us

    Base
    $305,612 + $713,093 related
    Bonus
    $521,338 + $1,216,455 related
    Other
    $31,755 + $74,096 related
    Deferred
    $79,108 + $184,586 related
    Nontaxable benefits
    $13,020 + $30,380 related
    Filer's total
    $950,833 + $2,218,610 related

  • KRISTIN BERTELL

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $1,315,943
    From this org
    $54,482
    From related orgs
    $1,035,161
    Other
    $226,300
    Hours/week
    3 + 57 related

    Schedule J breakdown matched by us

    Base
    $30,726 + $607,553 related
    Bonus
    $20,307 + $365,528 related
    Other
    $3,449 + $62,080 related
    Deferred
    $8,844 + $168,029 related
    Nontaxable benefits
    $2,471 + $46,956 related
    Filer's total
    $65,797 + $1,250,146 related

  • Larry W Kwak MD PhD

    Deputy Director, Comprehensive Cancer Center

    Total calculated
    $1,098,359
    From this org
    $956,652
    From related orgs
    $0
    Other
    $141,707
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $696,415
    Bonus
    $138,348
    Other
    $121,889
    Deferred
    $49,240
    Nontaxable benefits
    $92,467
    Filer's total
    $1,098,359

  • Lloyd Silberstein

    SVP, Chief Const. & Planning Officer

    Total calculated
    $1,115,628
    From this org
    $257,652
    From related orgs
    $772,956
    Other
    $85,020
    Hours/week
    15 + 45 related

    Schedule J breakdown matched by us

    Base
    $169,056 + $507,168 related
    Bonus
    $76,975 + $230,925 related
    Other
    $11,621 + $34,863 related
    Deferred
    $18,127 + $54,381 related
    Nontaxable benefits
    $3,128 + $9,384 related
    Filer's total
    $278,907 + $836,721 related

  • VIJAY TRISAL MD

    Chief Medical Officer

    Total calculated
    $1,164,060
    From this org
    $104,979
    From related orgs
    $944,813
    Other
    $114,268
    Hours/week
    6 + 54 related

    Schedule J breakdown matched by us

    Base
    $69,784 + $628,062 related
    Bonus
    $26,278 + $236,500 related
    Other
    $8,917 + $80,251 related
    Deferred
    $6,583 + $59,249 related
    Nontaxable benefits
    $4,844 + $43,592 related
    Filer's total
    $116,406 + $1,047,654 related

  • GREGORY D SCHETINA

    Former Officer

    Total calculated
    $183,976
    From this org
    $43,544
    From related orgs
    $140,432
    Other
    $0
    Hours/week
    0 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $9,800 related
    Bonus
    $0
    Other
    $43,544 + $130,632 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $43,544 + $140,432 related

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
  • 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
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE BECKMAN RESEARCH INSTITUTE OF THE CITY OF HOPE PERMITS FIRST CLASS TRAVEL FOR CERTAIN OFFICERS, DIRECTORS, AND KEY EXECUTIVES IN LIMITED CIRCUMSTANCES WHEN SPECIFIED TRAVEL CRITERIA ARE MET.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE BECKMAN RESEARCH INSTITUTE HAS A NON QUALIFIED SECTION 457(F) EXECUTIVE SUPPLEMENTAL ACCUMULATION PLAN THAT IS DESIGNED AND MAINTAINED TO PROVIDE A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES WITH DEFERRED COMPENSATION. THE PLAN VESTS AFTER THREE (3) FISCAL YEARS OF SERVICE AND THE VESTED TOTALS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B) (III). PRIOR TO VESTING, THE ANNUAL CONTRIBUTION AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). PURSUANT TO THE PLAN DOCUMENT, VESTED PARTICIPANTS ARE ENTITLED TO WITHDRAW FROM THEIR VESTED ACCOUNT AN AMOUNT EQUAL TO THE FEDERAL, STATE, LOCAL AND FICA TAXES THEY OWE. THESE AMOUNTS ARE REMITTED TO THE APPROPRIATE TAXING AUTHORITIES ON BEHALF OF THE PARTICIPANTS. For CALENDAR YEAR 2022, THE FOLLOWING INDIVIDUALS WITHDREW THE REFERENCED AMOUNTS TO COVER SUCH TAXES: Robert W. Stone - $42,937 Jennifer Parkhurst - $23,879 Debra Fields - $22,434 Mark Hulse - $25,046 Steven T. Rosen - $34,782 Kristin Bertell - $11,890 Ashley Lee - $16,645 Vijay Trisal - $19,139 David Horne - $13,648 Donald Matthewson - $36,790 Additionally, the following individuals received payments from the plan during the calendar year: GREGORY D. SCHETINA - $174,175
Schedule J, Part I, Line 7 Non-fixed payments
THE BECKMAN RESEARCH INSTITUTE 'S EXECUTIVES AND CERTAIN KEY EMPLOYEES ARE ELIGIBLE TO RECEIVE INCENTIVE COMPENSATION UNDER AN ANNUAL INCENTIVE PLAN (AIP) TIED TO THREE (3) KEY PERFORMANCE INDICATORS AND TWO OR MORE INDIVIDUAL OBJECTIVES. THE KEY PERFORMANCE INDICATORS REFLECT KEY AREAS OF STRATEGIC FOCUS AND THE EXEMPT HEALTHCARE MISSION OF THE CITY OF HOPE AND AFFILIATES AND ARE BOTH FINANCIAL AND NON-FINANCIAL. THE POTENTIAL INCENTIVE COMPENSATION IS BASED ON A WEIGHTED AVERAGE AMONG ALL INDICATORS AND IS PAID AS A PERCENTAGE OF EACH INDIVIDUAL PARTICIPANT'S BASE COMPENSATION. THE KEY PERFORMANCE INDICATORS ARE WEIGHTED AT 50 PERCENT AND THE INDIVIDUAL OBJECTIVES ARE WEIGHTED AT 50 PERCENT. THE AIP IS UNDER THE CONTROL OF, AND ADMINISTERED BY, THE INDEPENDENT DIRECTORS SERVING ON THE EXECUTIVE COMPENSATION AND GOVERNANCE COMMITTEE. TO BE ELIGIBLE, THE PARTICIPANTS IN THE AIP MUST BE EMPLOYED BY THE MEDICAL FOUNDATION AT THE TIME OF THE INCENTIVE PLAN PAYMENT, AND BE MEETING OR EXCEEDING PERFORMANCE EXPECTATIONS. CITY OF HOPE MAY, IN ITS DISCRETION, CANCEL ALL OR A PORTION OF ANY INCENTIVE PLAN PAYMENT OR AWARD TO ANY PARTICIPANT, WHETHER BEFORE OR FOLLOWING PAYMENT OF SUCH AWARD, SUBJECT TO COMPLIANCE WITH APPLICABLE LAW, UNDER THE FOLLOWING CIRCUMSTANCES (CANCELLATION POLICY): A) AN INCENTIVE PLAN PAYMENT OR AWARD IS MADE FOR A FISCAL PERIOD AND CITY OF HOPE SUBSEQUENTLY RESTATES OR OTHERWISE ADJUSTS THE ANNUAL PERFORMANCE MEASUREMENT CALCULATION IN A MANNER THAT WOULD REDUCE THE SIZE OF THE AWARD OR PAYMENT, OR; B) AN INCENTIVE PLAN PAYMENT OR AWARD IS MADE FOR A FISCAL PERIOD AND CITY OF HOPE SUBSEQUENTLY DETERMINES THAT ONE OF MORE OF THE ANNUAL PERFORMANCE MEASUREMENT CALCULATIONS ON WHICH THE AWARD IS BASED OR IS PAID ARE MATERIALLY INACCURATE. THE AIP INCENTIVE COMPENSATION EARNED FOR FISCAL YEAR 2022 WAS PAID IN CALENDAR YEAR 2022 AND THESE AMOUNTS HAVE BEEN REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). ADDITIONALLY, THE BECKMAN RESEARCH INSTITUTE HAS AN EXECUTIVE LONG-TERM INCENTIVE (LTI) PLAN FOR CERTAIN EXECUTIVES WHICH IS DESIGNED TO DRIVE LONG-TERM ORGANIZATIONAL PERFORMANCE AND TRANSFORMATION BY ALIGNING EXECUTIVES WITH THE MULTI-YEAR STRATEGIC PLAN AND INCENTIVIZING THEM FOR ACHIEVING KEY ORGANIZATIONAL AND STRATEGIC OBJECTIVES AND GOALS. WITH THREE-YEAR VESTING PERIODS, THE PLAN ALSO PROVIDES A MEANS FOR RETAINING KEY EXECUTIVE TALENT. THE PERFORMANCE PERIOD OF THE PLAN (CYCLE 8) RAN FROM OCTOBER 1, 2019 THROUGH SEPTEMBER 30, 2022 WITH A NEW THREE-YEAR PERFORMANCE PERIOD BEGINNING EACH OCTOBER 1ST THEREAFTER (E.G., CYCLE 9 RUNS FROM OCTOBER 1, 2020 THROUGH SEPTEMBER 30, 2023). TO BE ELIGIBLE TO PARTICIPATE IN ANY PAYOUT UNDER THE PLAN, PARTICIPANTS MUST BE ACTIVELY EMPLOYED BY THE BECKMAN RESEARCH INSTITUTE AT THE TIME OF THE INCENTIVE PLAN PAYMENT, AND BE MEETING OR EXCEEDING PERFORMANCE EXPECTATIONS. WHILE THE PLAN DOES MEET THE REQUIREMENTS FOR A SUBSTANTIAL RISK OF FORFEITURE, AS OF THE CALENDAR YEAR ENDING DECEMBER 31, 2022, THE POTENTIAL LTI AMOUNTS HAVE BEEN ESTIMATED AND ACCRUED DURING THE CURRENT TAX YEAR AND ARE REPORTED AS DEFERRED COMPENSATION TO THE PLAN PARTICIPANTS IN SCHEDULE J, PART II, COLUMN (C). THE LTI PLAN IS SUBJECT TO THE SAME CANCELLATION POLICY AS THE AIP DESCRIBED PREVIOUSLY. PARTICIPANTS WHO MET THE ELIGIBILITY CRITERIA RECEIVED A PAYOUT OF PLAN CYCLE 8 LTI INCENTIVES (OCTOBER 1, 2019 THROUGH SEPTEMBER 30, 2022) IN DECEMBER 2022. THESE AMOUNTS HAVE BEEN REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(II).
Schedule J, Part II Employees serving as members of the board of directors
DEBBIE THURMOND, PH.D., IS MEMBER OF THE BECKMAN RESEARCH INSTITUTE'S BOARD OF DIRECTORS IN ADDITION TO BEING AN EMPLOYEE OF BECKMAN RESEARCH INSTITUTE. DR. THURMOND IS THE DIRECTOR OF THE ARTHUR RIGGS DIABETES & METABOLISM RESEARCH INSTITUTE AND A RENOWNED RESEARCH SCIENTIST, PROFESSOR AND THE FOUNDING CHAIR OF THE DEPARTMENT OF MOLECULAR AND CELLULAR ENDOCRINOLOGY. NONE OF THESE INDIVIDUALS WERE COMPENSATED FOR THEIR SERVICES AS MEMBERS OF THE BECKMAN RESEARCH INSTITUTE'S BOARD OF DIRECTORS. COMPENSATION EARNED BY THOSE INDIVIDUALS EMPLOYED BY THE BECKMAN RESEARCH INSTITUTE IS REPORTED ON FORM 990, PART VII, SECTION A AND SUBSEQUENTLY ON SCHEDULE J, PART II.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202412269349300996

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