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Nonprofiteer
← THE WISTAR INSTITUTE OF ANATOMY AND BIOLOGY

Form 990 for tax year 2022

Filed by THE WISTAR INSTITUTE OF ANATOMY AND BIOLOGY.

Totals

Total revenue
$90,721,000
Total expenses
$85,062,000
Contributions and grants received
$72,907,000
Grants paid
$0
Program service revenue
$4,982,000
Investment income
$8,756,000
Other revenue
$4,076,000
Total assets, end of year
$381,486,000
Total liabilities, end of year
$83,370,000
Net assets or fund balances, end of year
$298,116,000
Program services expenses (Part IX)
$69,800,000
Management and general expenses
$13,631,000
Fundraising expenses
$1,631,000
Program service expenses (Part III)
$69,800,000

Program services were 82.1% 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)

    $58,896,000

  • 1f · All other contributions, gifts and grants

    $14,011,000

  • 1g · Noncash contributions included above

    $615,000

  • 2a · Program service revenue: RESEARCH CONTRACT REVENUE

    total $4,869,000 · related or exempt $4,869,000

  • 2f · All other program service revenue

    total $113,000 · excluded $113,000

  • 3 · Investment income

    total $5,858,000 · excluded $5,858,000

  • 5 · Royalties

    total $3,588,000 · excluded $3,588,000

  • 6a · Gross rents

    real property $383,000

  • 6b · Less rental expenses

    real property $333,000

  • 6c · Rental income or loss

    real property $50,000

  • 6d · Net rental income or loss

    total $50,000 · excluded $50,000

  • 7a · Gross sales of assets other than inventory

    securities $34,863,000

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

    securities $31,965,000

  • 7c · Gain or loss

    securities $2,898,000

  • 7d · Net gain or loss

    total $2,898,000 · excluded $2,898,000

  • 11a · Other revenue: SALES OF SPECIALIZED SERVICES

    total $438,000 · unrelated business $438,000

  • 11e · Other revenue, total

    $438,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,536,000 · program services $1,220,000 · management and general $1,126,000 · fundraising $190,000

  • 7 · Other salaries and wages

    total $22,428,000 · program services $17,670,000 · management and general $4,252,000 · fundraising $506,000

  • 8 · Pension plan contributions

    total $1,981,000 · program services $1,651,000 · management and general $301,000 · fundraising $29,000

  • 9 · Other employee benefits

    total $4,166,000 · program services $3,083,000 · management and general $950,000 · fundraising $133,000

  • 10 · Payroll taxes

    total $1,528,000 · program services $1,204,000 · management and general $290,000 · fundraising $34,000

  • 11b · Fees: legal

    total $1,154,000 · management and general $1,154,000

  • 11c · Fees: accounting

    total $147,000 · management and general $147,000

  • 11d · Fees: lobbying

    total $88,000 · management and general $88,000

  • 11f · Fees: investment management

    total $553,000 · management and general $553,000

  • 11g · Fees: other

    total $3,063,000 · program services $955,000 · management and general $1,545,000 · fundraising $563,000

  • 12 · Advertising and promotion

    total $115,000 · program services $3,000 · management and general $76,000 · fundraising $36,000

  • 13 · Office expenses

    total $266,000 · program services $194,000 · management and general $62,000 · fundraising $10,000

  • 14 · Information technology

    total $1,314,000 · program services $281,000 · management and general $1,020,000 · fundraising $13,000

  • 16 · Occupancy

    total $4,870,000 · program services $4,563,000 · management and general $272,000 · fundraising $35,000

  • 17 · Travel

    total $309,000 · program services $249,000 · management and general $48,000 · fundraising $12,000

  • 20 · Interest

    total $1,326,000 · program services $1,163,000 · management and general $154,000 · fundraising $9,000

  • 22 · Depreciation, depletion and amortization

    total $6,683,000 · program services $5,861,000 · management and general $777,000 · fundraising $45,000

  • 23 · Insurance

    total $341,000 · program services $1,000 · management and general $340,000

  • 24a · Other expenses: SUBAWARDS

    total $19,491,000 · program services $19,491,000

  • 24b · Other expenses: LAB SUPPLIES AND EQUIPM

    total $11,202,000 · program services $10,757,000 · management and general $445,000

  • 24c · Other expenses: STIPENDS

    total $1,110,000 · program services $1,110,000

  • 24d · Other expenses: TUITION, HONRARIUM, AND

    total $168,000 · program services $148,000 · management and general $8,000 · fundraising $12,000

  • 24e · All other expenses

    total $223,000 · program services $196,000 · management and general $23,000 · fundraising $4,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,729,000 · end of year $3,041,000

  • 2 · Savings and temporary cash investments

    beginning of year $27,166,000 · end of year $24,310,000

  • 3 · Pledges and grants receivable

    beginning of year $31,442,000 · end of year $26,651,000

  • 4 · Accounts receivable

    beginning of year $11,815,000 · end of year $20,079,000

  • 8 · Inventories for sale or use

    beginning of year $389,000 · end of year $459,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,045,000 · end of year $4,134,000

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

    $192,100,000

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

    $98,668,000

  • 10c · Land, buildings and equipment, net

    beginning of year $94,254,000 · end of year $93,432,000

  • 11 · Investments: publicly traded securities

    beginning of year $189,261,000 · end of year $157,325,000

  • 12 · Investments: other securities

    beginning of year $28,548,000 · end of year $31,237,000

  • 15 · Other assets

    beginning of year $22,811,000 · end of year $20,818,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,148,000 · end of year $20,814,000

  • 19 · Deferred revenue

    beginning of year $12,019,000 · end of year $9,803,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $52,725,000 · end of year $52,753,000

  • 25 · Other liabilities

    beginning of year $2,066,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $235,004,000 · end of year $204,267,000

  • 28 · Net assets with donor restrictions

    beginning of year $99,498,000 · end of year $93,849,000

Mission and programs · 2022

Mission

THE MISSION OF THE WISTAR INSTITUTE IS TO MARSHAL THE TALENTS OF OUTSTANDING SCIENTISTS THROUGH A HIGHLY ENABLED CULTURE OF BIOMEDICAL COLLABORATION AND INNOVATION IN ORDER TO SOLVE SOME OF THE WORLD'S MOST CHALLENGING AND IMPORTANT PROBLEMS IN THE FIELD OF CANCER AND IMMUNOLOGY, AND PRODUCE GROUND-BREAKING ADVANCES IN WORLD HEALTH. CONSISTENT WITH A PIONEERING LEGACY OF LEADERSHIP IN NOT-FOR-PROFIT BIOMEDICAL RESEARCH AND A TRACK-RECORD OF LIFE-SAVING CONTRIBUTIONS IN IMMUNOLOGY AND CELL BIOLOGY, THE WISTAR INSTITUTE AIMS TO PURSUE NOVEL AND COURAGEOUS RESEARCH PATHS TO LIFE SCIENCE DISCOVERY, AND TO ACCELERATE/POTENTIATE THE IMPACT OF THOSE DISCOVERIES BY SHORTENING THE PATH FROM BENCH TO BEDSIDE.

Activities or mission (Part I)

BIOMEDICAL RESEARCH WITH SPECIAL EXPERTISE IN CANCER RESEARCH AND VACCINE DEVELOPMENT (IMMUNOLOGY).

  • THE WISTAR INSTITUTE TAKES A COLLABORATIVE, TEAM APPROACH TO PURSUING NEW BIOMEDICAL RESEARCH DISCOVERIES THAT CAN BE TRANSLATED INTO NEXT-GENERATION THERAPEUTICS AND DIAGNOSTICS THROUGH MEANINGFUL PARTNERSHIPS. THE INSTITUTE'S RESEARCH ENTERPRISE IS ORGANIZED INTO TWO MAIN CENTERS: THE WISTAR INSTITUTE CANCER CENTER, WHICH HAS HELD THE NATIONAL CANCER INSTITUTE (NCI)-DESIGNATION SINCE 1972, AND THE VACCINE & IMMUNOTHERAPY CENTER. WISTAR SCIENTISTS BENEFIT FROM THE TECHNOLOGICAL SUPPORT AND STATE-OF-THE-ART INSTRUMENTATION PROVIDED BY THE INSTITUTE'S SHARED RESOURCES. WISTAR RESEARCHERS AND COLLABORATORS CONTINUE TO MAKE SIGNIFICANT, CUTTING-EDGE INSIGHTS INTO THE UNDERLYING MECHANISMS OF DISEASE TO CREATE NEW TARGETED THERAPIES AND IMMUNOTHERAPIES FOR CANCER. WISTAR HAS A PROVEN RECORD OF SUCCESS IN VACCINE DEVELOPMENT THAT HAS LED TO VACCINES AGAINST RUBELLA, RABIES, AND ROTAVIRUS. IN RESPONSE TO THE COVID-19 PANDEMIC, WISTAR SCIENTISTS ARE RESEARCHING INNOVATIVE PREVENTATIVE AND THERAPEUTIC SOLUTIONS FOR SARS-COV-2, INCLUDING A VACCINE DEVELOPED WITH COLLABORATORS IN ACADEMIA AND BIOTECH THAT IS PHASE 2 CLINICAL TESTING. IN LINE WITH ITS HISTORIC COMMITMENT TO EDUCATION AND TRAINING OF THE NEXT GENERATION OF SCIENTISTS, WISTAR HAS LAUNCHED NEW COLLABORATIONS WITH LOCAL AND INTERNATIONAL INSTITUTIONS WITH THE GOAL OF EXPANDING LIFE SCIENCE EDUCATION AND BUSINESS DEVELOPMENT OPPORTUNITIES IN PENNSYLVANIA AND BEYOND. WISTAR HAS A ROBUST RANGE OF STEM-BASED PROGRAMMING FOCUSED ON INCREASING ACCESS FOR UNDER-REPRESENTED POPULATIONS THROUGHOUT THE AREA. WISTAR'S EDUCATIONAL OUTREACH INCLUDES APPRENTICESHIPS, PATHWAYS PROGRAMMING, AND COMMUNITY OUTREACH TO SUPPORT STEM-BASED AND BIOMEDICAL RESEARCH CAREER OPPORTUNITIES.

    Expenses $69,800,000 · Revenue $4,869,000

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

Listed in Part VII

  • Steven V Abramnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth McKee Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Douglas S Briggs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ira Brind

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronald Caplan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Scott Cooper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Arthur Dantchik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan B Dillon PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian H Dovey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kendra Eager

    TRUSTEE (06/2022 - 09/2022)

    Total calculated
    $0
    Hours/week
    1

  • Daniel K Fitzpatrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Fry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joseph A Goldblum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Richard M Horowitz

    TRUSTEE - BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Perry A Lerner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James W Lovett

    TRUSTEE (TERM 12/2022)

    Total calculated
    $0
    Hours/week
    2

  • Susan S McDonald PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Abraham L Morris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Arthur M Pappas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard G Phillips Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Helen P Pudlin Esq

    TRUSTEE - BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Samuel V Rhoads

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert H Rock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gerald B Rorer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Adele K Schaeffer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Milton S Schneider

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Squire Servance

    TRUSTEE (START 12/2022)

    Total calculated
    $0
    Hours/week
    1

  • William A Slaughter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel H Wheeler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Edward Ziff PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dario Altieri MD

    PRESIDENT & CEO, DIRECTOR

    Total calculated
    $711,830
    From this org
    $667,613
    From related orgs
    $0
    Other
    $44,217
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $633,695
    Bonus
    $0
    Other
    $33,918
    Deferred
    $39,650
    Nontaxable benefits
    $4,567
    Filer's total
    $711,830

  • David B Weiner

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $507,822
    From this org
    $447,009
    From related orgs
    $0
    Other
    $60,813
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $371,067
    Bonus
    $70,500
    Other
    $5,442
    Deferred
    $38,250
    Nontaxable benefits
    $22,563
    Filer's total
    $507,822

  • Heather A Steinman

    VP FOR BUSINESS DEVELOP &

    Total calculated
    $345,124
    From this org
    $305,345
    From related orgs
    $0
    Other
    $39,779
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $241,496
    Bonus
    $63,500
    Other
    $349
    Deferred
    $35,330
    Nontaxable benefits
    $4,449
    Filer's total
    $345,124

  • Joseph Trainor

    CHIEF FINANCIAL OFFICER

    Total calculated
    $328,011
    From this org
    $279,107
    From related orgs
    $0
    Other
    $48,904
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $255,040
    Bonus
    $20,500
    Other
    $3,567
    Deferred
    $33,639
    Nontaxable benefits
    $15,265
    Filer's total
    $328,011

  • Joann Mendel

    VICE PRESIDENT, HUMAN RESO

    Total calculated
    $244,864
    From this org
    $208,654
    From related orgs
    $0
    Other
    $36,210
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $191,668
    Bonus
    $15,500
    Other
    $1,486
    Deferred
    $25,340
    Nontaxable benefits
    $10,870
    Filer's total
    $244,864

  • Clara Stevenson Rodriguez

    VP GEN COUNSIL & GOV RELATIONS (START ?)

    Total calculated
    $208,178
    From this org
    $183,541
    From related orgs
    $0
    Other
    $24,637
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $182,639
    Bonus
    $500
    Other
    $402
    Deferred
    $20,450
    Nontaxable benefits
    $4,187
    Filer's total
    $208,178

  • Anita Pepper

    VP, INSTITUTION ADV (TERM 07/2022)

    Total calculated
    $189,873
    From this org
    $167,741
    From related orgs
    $0
    Other
    $22,132
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $152,531
    Bonus
    $15,000
    Other
    $210
    Deferred
    $20,158
    Nontaxable benefits
    $1,974
    Filer's total
    $189,873

  • Luis Montaner

    PROFESSOR VICE PRESIDENT,

    Total calculated
    $424,208
    From this org
    $359,980
    From related orgs
    $0
    Other
    $64,228
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $264,319
    Bonus
    $65,500
    Other
    $30,161
    Deferred
    $38,850
    Nontaxable benefits
    $25,378
    Filer's total
    $424,208

  • Meenhard Herlyn

    PROFESSOR

    Total calculated
    $344,883
    From this org
    $293,576
    From related orgs
    $0
    Other
    $51,307
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $286,743
    Bonus
    $6,500
    Other
    $333
    Deferred
    $37,496
    Nontaxable benefits
    $13,811
    Filer's total
    $344,883

  • Rugang Zhang

    PROFESSOR

    Total calculated
    $304,864
    From this org
    $269,338
    From related orgs
    $0
    Other
    $35,526
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $228,510
    Bonus
    $40,500
    Other
    $328
    Deferred
    $34,579
    Nontaxable benefits
    $947
    Filer's total
    $304,864

  • David Speicher

    PROFESSOR

    Total calculated
    $316,928
    From this org
    $259,545
    From related orgs
    $0
    Other
    $57,383
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $256,638
    Bonus
    $500
    Other
    $2,407
    Deferred
    $35,053
    Nontaxable benefits
    $22,330
    Filer's total
    $316,928

  • Hildegund Ertl

    PROFESSOR

    Total calculated
    $298,803
    From this org
    $256,492
    From related orgs
    $0
    Other
    $42,311
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $252,792
    Bonus
    $500
    Other
    $3,200
    Deferred
    $33,784
    Nontaxable benefits
    $8,527
    Filer's total
    $298,803

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 · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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 1A
TAX INDEMNIFICATION AND GROSS-UP PAYMENTS INCLUDE TUITION BENEFITS. DISCRETIONARY SPENDING ACCOUNT INCLUDES SOCIAL CLUB DUES FOR CEO ONLY. ALL AMOUNTS INCLUDED IN TAXABLE COMPENSATION.
PART I, LINE 1B
TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE PROVIDED WITH A WRITTEN POLICY. SOCIAL CLUB DUES ARE PROVIDED VIA EMPLOYMENT CONTRACT WITH CEO.
PART I, LINE 7
NON-FIXED PAYMENTS, IN THE FORM OF BONUSES, ARE APPROVED BY THE BOARD COMPENSATION COMMITTEE. THE BONUSES ARE BASED ON PERFORMANCE INCLUDING LEADERSHIP. REVENUE IS NOT A BASIS FOR A BONUS.

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.

  • TALL CELL TECHNOLOGY LP

    EXCLUDED · LICENSING · PA · 90% owned · share of income $148,000 · share of assets $18,000 · general or managing partner

    Directly controlled by THE WISTAR INSTITUTE OF ANATOMY AND BIOLOGY

Related corporations and trusts

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

  • BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUST PNC WEALTH MANAGEMENT

    T · TRUST · PA · 100% owned

    Directly controlled by PNC BANK

  • BENEFICIAL INTEREST IN PERPETUAL TRUSTS BNY MELLON WEALTH MANAGEMENT

    T · TRUSTS · PA · 100% owned

    Directly controlled by BNY MELLON BANK

  • BENEFICIAL INTEREST IN PERPETUAL TRUSTS PNC INSTITUTIONAL INVESTMENTS

    T · TRUSTS · PA · 100% owned

    Directly controlled by PNC BANK

Provenance

Return type
form_990
Tax year
2022
Filed
11 July 2023
IRS schema version
2022v5.0
Source object
202331959349301753

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