Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $68,831,594

• 1f · All other contributions, gifts and grants

  $35,591,917

• 1g · Noncash contributions included above

  $42,857

• 2a · Program service revenue: Shared Services Revenue

  total $1,012,265 · related or exempt $1,012,265

• 2f · All other program service revenue

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

• 3 · Investment income

  total $5,285,480 · unrelated business $54,014 · excluded $5,231,466

• 5 · Royalties

  total $3,774,742 · excluded $3,774,742

• 6a · Gross rents

  real property $455,418

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $455,418 · personal property $0

• 6d · Net rental income or loss

  total $455,418 · excluded $455,418

• 7a · Gross sales of assets other than inventory

  securities $47,740,000

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

  securities $47,099,243

• 7c · Gain or loss

  securities $640,757 · other assets $0

• 7d · Net gain or loss

  total $640,757 · excluded $640,757

• 11a · Other revenue: Research

  total $1,290,285 · unrelated business $1,290,285

• 11b · Other revenue: Equipment Proceeds

  total $283,000 · related or exempt $283,000

• 11c · Other revenue: Sale of Reagents

  total $40,961 · related or exempt $40,961

• 11d · All other revenue

  total $12,685 · related or exempt $12,685 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $1,626,931

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 $1,054,509 · program services $0 · management and general $937,603 · fundraising $116,906

• 6 · Compensation of disqualified persons

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

• 7 · Other salaries and wages

  total $44,095,826 · program services $34,324,157 · management and general $8,614,372 · fundraising $1,157,297

• 8 · Pension plan contributions

  total $2,808,206 · program services $2,186,957 · management and general $574,808 · fundraising $46,441

• 9 · Other employee benefits

  total $7,401,327 · program services $5,628,997 · management and general $1,597,200 · fundraising $175,130

• 10 · Payroll taxes

  total $2,833,481 · program services $2,134,035 · management and general $634,473 · fundraising $64,973

• 11a · Fees: management

  total $531,870 · program services $174,399 · management and general $300,165 · fundraising $57,306

• 11b · Fees: legal

  total $100,052 · program services $58,449 · management and general $41,603 · fundraising $0

• 11c · Fees: accounting

  total $440,906 · program services $0 · management and general $440,906 · fundraising $0

• 11d · Fees: lobbying

  total $1,500 · program services $0 · management and general $1,500 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $553,900 · program services $0 · management and general $553,900 · fundraising $0

• 11g · Fees: other

  total $904,348 · program services $721,866 · management and general $149,758 · fundraising $32,724

• 12 · Advertising and promotion

  total $15 · program services $0 · management and general $15 · fundraising $0

• 13 · Office expenses

  total $5,365,932 · program services $4,919,280 · management and general $385,735 · fundraising $60,917

• 14 · Information technology

  total $1,494,399 · program services $1,053,828 · management and general $407,175 · fundraising $33,396

• 15 · Royalties

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

• 16 · Occupancy

  total $6,742,030 · program services $6,300,154 · management and general $415,040 · fundraising $26,836

• 17 · Travel

  total $275,140 · program services $243,583 · management and general $28,472 · fundraising $3,085

• 18 · Travel or entertainment for public officials

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

• 19 · Conferences, conventions and meetings

  total $1,277,926 · program services $665,430 · management and general $605,750 · fundraising $6,746

• 20 · Interest

  total $1,319,092 · program services $1,233,879 · management and general $79,937 · fundraising $5,276

• 21 · Payments to affiliates

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

• 22 · Depreciation, depletion and amortization

  total $5,180,844 · program services $4,846,162 · management and general $313,959 · fundraising $20,723

• 23 · Insurance

  total $220,382 · program services $0 · management and general $220,382 · fundraising $0

• 24a · Other expenses: RESEARCH SUPPLIES & SVCS

  total $9,633,741 · program services $9,631,881 · management and general $1,860

• 24b · Other expenses: SCIENTIFIC COLLABORATIONS

  total $10,383,161 · program services $10,383,161 · management and general $0 · fundraising $0

• 24c · Other expenses: RECRUITMENT

  total $262,717 · program services $174,340 · management and general $49,521 · fundraising $38,856

• 24d · Other expenses: TUITION FEES

  total $126,457 · program services $126,457 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $389,957 · program services $147,093 · management and general $199,843 · fundraising $43,021

• 26 · Joint costs (an allocation of the lines above)

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

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,217,022 · end of year $3,884,263

• 2 · Savings and temporary cash investments

  beginning of year $5,520 · end of year $3,005

• 3 · Pledges and grants receivable

  beginning of year $6,105,380 · end of year $8,358,514

• 4 · Accounts receivable

  beginning of year $2,229,543 · end of year $728,432

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $2,482,064 · end of year $3,332,786

• 8 · Inventories for sale or use

  beginning of year $59,562 · end of year $318,694

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,294,257 · end of year $9,710,993

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

  $165,322,233

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

  $113,214,928

• 10c · Land, buildings and equipment, net

  beginning of year $52,186,438 · end of year $52,107,305

• 11 · Investments: publicly traded securities

  beginning of year $174,605,755 · end of year $193,702,694

• 12 · Investments: other securities

  beginning of year $33,340,626 · end of year $35,094,304

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,304,342 · end of year $1,364,236

• 17 · Accounts payable and accrued expenses

  beginning of year $15,387,946 · end of year $14,782,361

• 19 · Deferred revenue

  beginning of year $7,819,616 · end of year $7,432,976

• 20 · Tax-exempt bond liabilities

  beginning of year $43,306,541 · end of year $39,230,617

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $3,686,406 · end of year $3,625,284

• 27 · Net assets without donor restrictions

  beginning of year $179,779,759 · end of year $183,976,210

• 28 · Net assets with donor restrictions

  beginning of year $39,850,241 · end of year $59,557,778

The filer's explanations (Part III)

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

FIRST CLASS TRAVEL IS GENERALLY NOT PERMITTED, EXCEPT UNDER VERY LIMITED AND RARE CIRCUMSTANCES AND CONDITIONS, SUCH AS A MEDICAL CONDITION REQUIREMENT AND URGENT CIRCUMSTANCES. THIS WAS NOT TREATED AS TAXABLE COMPENSATION.

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

RELOCATION COSTS WERE GROSSED UP FOR CHIEF DEVELOPMENT OFFICER.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

HEALTH OR SOCIAL CLUB DUES ARE NEGOTIATED IN THE HIRING PROCESS FOR CERTAIN EMPLOYEES. THE AMOUNTS WERE TREATED AS TAXABLE COMPENSATION.

Schedule J, Part I, Line 4a Severance or change-of-control payment

C. Randal Mills, PHD received $4,508,750 in severance as part of his separation agreement.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE PARTICIPANT OF THE 457(F) DEFERRED COMPENSATION PLAN IS C. RANDAL MILLS. VESTING FOR C. RANDAL MILLS OCCURS THE EARLIEST OF 07/13/25, OR INVOLUNTARY TERMINATION WITHOUT CAUSE, OR PARTICIPANT'S RESIGNATION FOR GOOD CAUSE, OR THE DATE OF TERMINATION OF THE PLAN. DISTRIBUTION IS A ONE-TIME LUMP SUM PAYMENT UPON VESTING OF 100% OF THE VALUE OF THE PARTICIPANT'S INVESTMENT (COMPRISED OF INSTITUTE CONTRIBUTIONS TO THE CORPUS PLUS ANY INVESTMENT GAINS OR LOSSES THEREON). RANDALL MILLS RESIGNED FROM THE INSTITUTE PRIOR TO VESTING, FORFEITING THE BALANCE ATTRIBUTED TO HIS PLAN. A RETENTION BONUS WAS SET UP FOR THE NEW PRESIDENT AND CEO, DR. DAVID BRENNER, WHERE VESTING WILL OCCUR THE EARLIEST OF 09/14/27. DISTRIBUTION IS A ONE-TIME LUMP SUM PAYMENT UPON VESTING.

Schedule J, Part I, Line 7 Non-fixed payments

SOME SENIOR EXECUTIVES HAVE EMPLOYMENT AGREEMENTS STIPULATING A BONUS WILL BE PAID TO THEM PROVIDED CERTAIN GOALS OR ACCOMPLISHMENTS ARE ACHIEVED.

Schedule J, Part II, Column (C) RETIREMENT AND OTHER DEFERRED COMPENSATION

THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C INCLUDES THE ACCRUAL OF $89,167 FOR THE PRESIDENT & CEO, DR. DAVID BRENNER FOR A RETENTION BONUS DESCRIBED IN PART I. THE AMOUNT IS NOT VESTED AND IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE.