Skip to content
Nonprofiteer
← THE ALBERT B SABIN VACCINE INSTITUTE INC

Form 990 for tax year 2022

Filed by THE ALBERT B SABIN VACCINE INSTITUTE INC.

Totals

Total revenue
$33,545,403
Total expenses
$31,282,727
Contributions and grants received
$33,467,236
Grants paid
$3,127,948
Program service revenue
$0
Investment income
$78,167
Other revenue
$0
Total assets, end of year
$21,704,675
Total liabilities, end of year
$7,350,391
Net assets or fund balances, end of year
$14,354,284
Program services expenses (Part IX)
$28,218,465
Management and general expenses
$2,705,937
Fundraising expenses
$358,325
Program service expenses (Part III)
$28,218,465

Program services were 90.2% 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)

    $21,463,101

  • 1f · All other contributions, gifts and grants

    $12,004,135

  • 3 · Investment income

    total $64,893 · excluded $64,893

  • 7a · Gross sales of assets other than inventory

    securities $199,280

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

    securities $186,006

  • 7c · Gain or loss

    securities $13,274

  • 7d · Net gain or loss

    total $13,274 · excluded $13,274

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,073,909 · program services $1,073,909

  • 3 · Grants to foreign organizations and individuals

    total $2,054,039 · program services $2,054,039

  • 5 · Compensation of officers, directors and key employees

    total $882,890 · program services $724,369 · management and general $125,967 · fundraising $32,554

  • 7 · Other salaries and wages

    total $5,710,335 · program services $4,790,986 · management and general $705,887 · fundraising $213,462

  • 8 · Pension plan contributions

    total $77,579 · program services $44,537 · management and general $30,706 · fundraising $2,336

  • 9 · Other employee benefits

    total $661,020 · program services $379,488 · management and general $261,636 · fundraising $19,896

  • 10 · Payroll taxes

    total $451,442 · program services $264,858 · management and general $170,036 · fundraising $16,548

  • 11b · Fees: legal

    total $132,811 · program services $124,811 · management and general $8,000

  • 11c · Fees: accounting

    total $21,708 · management and general $21,708

  • 11g · Fees: other

    total $17,317,875 · program services $16,702,901 · management and general $547,357 · fundraising $67,617

  • 12 · Advertising and promotion

    total $467,388 · program services $440,304 · management and general $24,279 · fundraising $2,805

  • 13 · Office expenses

    total $102,913 · program services $38,696 · management and general $64,046 · fundraising $171

  • 14 · Information technology

    total $84,088 · program services $34,201 · management and general $49,172 · fundraising $715

  • 16 · Occupancy

    total $268,707 · management and general $268,707

  • 17 · Travel

    total $550,586 · program services $492,322 · management and general $58,254 · fundraising $10

  • 19 · Conferences, conventions and meetings

    total $543,859 · program services $528,069 · management and general $15,790

  • 22 · Depreciation, depletion and amortization

    total $399,187 · program services $252,600 · management and general $146,587

  • 23 · Insurance

    total $241,223 · program services $195,456 · management and general $45,767

  • 24a · Other expenses: Dues/subscriptions

    total $129,540 · program services $62,738 · management and general $65,020 · fundraising $1,782

  • 24b · Other expenses: Recruitment

    total $61,548 · program services $3,965 · management and general $57,478 · fundraising $105

  • 24c · Other expenses: Miscellaneous

    total $47,768 · program services $7,904 · management and general $39,540 · fundraising $324

  • 24d · Other expenses: Books & publications

    total $2,312 · program services $2,312

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,243,106 · end of year $1,506,086

  • 2 · Savings and temporary cash investments

    beginning of year $8,663,012 · end of year $7,361,995

  • 3 · Pledges and grants receivable

    beginning of year $4,847,484 · end of year $9,587,532

  • 4 · Accounts receivable

    beginning of year $4,154 · end of year $89,556

  • 9 · Prepaid expenses and deferred charges

    beginning of year $310,497 · end of year $506,438

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

    $1,721,954

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

    $991,387

  • 10c · Land, buildings and equipment, net

    beginning of year $700,796 · end of year $730,567

  • 11 · Investments: publicly traded securities

    beginning of year $514,448 · end of year $444,763

  • 14 · Intangible assets

    beginning of year $1,454,553 · end of year $1,201,953

  • 15 · Other assets

    beginning of year $0 · end of year $275,785

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,708,737 · end of year $5,814,295

  • 25 · Other liabilities

    beginning of year $1,810,112 · end of year $1,536,096

  • 27 · Net assets without donor restrictions

    beginning of year $2,745,224 · end of year $4,311,941

  • 28 · Net assets with donor restrictions

    beginning of year $9,473,977 · end of year $10,042,343

Mission and programs · 2022

Mission

To make vaccines more accessible, enable innovation and expand immunization across the globe.

Activities or mission (Part I)

To make vaccines more accessible, enable innovation and expand immunization.

  • Vaccine Research & DevelopmentThe Sabin Vaccine Institute supports innovative technologies and approaches in vaccine research and development to combat infectious and emerging threats to global health. Sabin's Research & Development strategy is to prioritize strong vaccine candidates that lack commercial value, targeting diseases that impact the world's most vulnerable populations. Sabin leverages the expertise of partners in the academic, public, and private sectors, and promotes open-source research.Ebola has taken the lives of nearly 14,000 people during the last decade. To protect communities across the globe from the critical threat posed by Ebola and the closely related, but lesser known, Marburg virus, Sabin is currently developing vaccines for Sudan ebolavirus and Marburg virus diseases based on technology licensed from GSK. The prophylactic vaccine candidates are based on GSK's proprietary ChAd3 platform. In 2019, the U.S. Health and Human Services' Biomedical Advanced Research and Development Authority awarded Sabin a multi-year development contract to advance development of the Marburg and Sudan ebolavirus vaccines

    Expenses $16,826,411

  • Global ImmunizationDespite scientific advances and international support, 1.5 million people still die each year from diseases that could have been prevented by immunization. Sabin's Global Immunization arm focuses on improving vaccine distribution, increasing uptake, and driving more equitable access to vaccination services. Sabin works on these goals with a multi-layered programmatic approach including: advancing research to understand the social and behavioral drivers for vaccine acceptance and demand; fostering peer to peer collaboration on immunization and building capacity and leadership skills for immunization professionals; coalescing multi-sectoral partners and community leaders and influencers to support the introduction and expansion of new and under-utilized vaccines such as the HPV vaccine; and generating essential epidemiological data to inform immunization policy and implementation decisions for diseases such as typhoid.

    Expenses $11,392,054 · Grants $3,127,948

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

Listed in Part VII

  • Adegbola Richard

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Baylor Norman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Commins Holman Wendy

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Djibo Yacine

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Fox Elizabeth

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Hoos Axel

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Libson Jeffrey

    Trustee, Secretary

    Total calculated
    $0
    Hours/week
    2

  • Omer Saad

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rabinovich Regina

    Trustee, Chair

    Total calculated
    $0
    Hours/week
    2

  • Salisbury David

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Shea Jacqueline

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Suzich JoAnn

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Thoren Peter

    Trustee,Vice Chair,Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Finan Amy

    CEO

    Total calculated
    $469,182
    From this org
    $440,130
    From related orgs
    $0
    Other
    $29,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $387,395
    Bonus
    $50,000
    Other
    $2,735
    Deferred
    $10,141
    Nontaxable benefits
    $18,911
    Filer's total
    $469,182

  • DeLeon Kiju

    CFO

    Total calculated
    $232,714
    From this org
    $214,044
    From related orgs
    $0
    Other
    $18,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,986
    Bonus
    $0
    Other
    $2,058
    Deferred
    $6,786
    Nontaxable benefits
    $11,884
    Filer's total
    $232,714

  • Davis Brian

    CFO

    Total calculated
    $180,993
    From this org
    $166,891
    From related orgs
    $0
    Other
    $14,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,616
    Bonus
    $50,000
    Other
    $275
    Deferred
    $3,883
    Nontaxable benefits
    $10,219
    Filer's total
    $180,993

  • Garrett Denise

    VP, Applied Epidemiology

    Total calculated
    $286,967
    From this org
    $258,426
    From related orgs
    $0
    Other
    $28,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,456
    Bonus
    $7,000
    Other
    $2,970
    Deferred
    $10,354
    Nontaxable benefits
    $18,187
    Filer's total
    $286,967

  • Knobler Stacey

    VP,Vaccine Innovation & Global Immunization

    Total calculated
    $277,902
    From this org
    $255,479
    From related orgs
    $0
    Other
    $22,423
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,578
    Bonus
    $28,000
    Other
    $1,901
    Deferred
    $9,241
    Nontaxable benefits
    $13,182
    Filer's total
    $277,902

  • King Thomas

    VP, Nonclinical

    Total calculated
    $283,563
    From this org
    $244,789
    From related orgs
    $0
    Other
    $38,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,947
    Bonus
    $0
    Other
    $1,842
    Deferred
    $10,417
    Nontaxable benefits
    $28,357
    Filer's total
    $283,563

  • Vert-Wong Ekaterina

    VP, Portfolio & Alliance Management

    Total calculated
    $278,869
    From this org
    $244,347
    From related orgs
    $0
    Other
    $34,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,553
    Bonus
    $0
    Other
    $1,794
    Deferred
    $9,583
    Nontaxable benefits
    $24,939
    Filer's total
    $278,869

  • Williams Michelle

    VP, Operations and HR

    Total calculated
    $264,557
    From this org
    $241,435
    From related orgs
    $0
    Other
    $23,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,513
    Bonus
    $13,000
    Other
    $1,922
    Deferred
    $9,173
    Nontaxable benefits
    $13,949
    Filer's total
    $264,557

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 · 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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202323119349302547

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.