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Nonprofiteer
← THE ALBERT B SABIN VACCINE INSTITUTE INC

Form 990 for tax year 2023

Filed by THE ALBERT B SABIN VACCINE INSTITUTE INC.

Totals

Total revenue
$40,137,500
Total expenses
$42,166,765
Contributions and grants received
$676,914
Grants paid
$3,064,520
Program service revenue
$39,331,759
Investment income
$128,827
Other revenue
$0
Total assets, end of year
$15,385,516
Total liabilities, end of year
$3,076,842
Net assets or fund balances, end of year
$12,308,674
Program services expenses (Part IX)
$37,285,537
Management and general expenses
$4,603,000
Fundraising expenses
$278,228
Program service expenses (Part III)
$37,285,537

Program services were 88.4% 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.

  • 1b · Membership dues

    $20,355

  • 1f · All other contributions, gifts and grants

    $656,559

  • 2a · Program service revenue: Federal & Other Contracts

    total $39,331,759 · related or exempt $39,331,759

  • 3 · Investment income

    total $98,622 · excluded $98,622

  • 7a · Gross sales of assets other than inventory

    securities $30,205

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

    securities $0

  • 7c · Gain or loss

    securities $30,205

  • 7d · Net gain or loss

    total $30,205 · excluded $30,205

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $525,567 · program services $525,567

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 3 · Grants to foreign organizations and individuals

    total $2,533,953 · program services $2,533,953

  • 5 · Compensation of officers, directors and key employees

    total $1,178,448 · program services $866,981 · management and general $280,231 · fundraising $31,236

  • 7 · Other salaries and wages

    total $6,957,947 · program services $5,270,458 · management and general $1,500,062 · fundraising $187,427

  • 8 · Pension plan contributions

    total $214,132 · program services $108,757 · management and general $100,666 · fundraising $4,709

  • 9 · Other employee benefits

    total $718,514 · program services $364,929 · management and general $337,782 · fundraising $15,803

  • 10 · Payroll taxes

    total $526,269 · program services $268,106 · management and general $241,952 · fundraising $16,211

  • 11b · Fees: legal

    total $198,387 · program services $120,348 · management and general $78,039

  • 11c · Fees: accounting

    total $22,340 · management and general $22,340

  • 11g · Fees: other

    total $24,662,142 · program services $24,436,214 · management and general $221,098 · fundraising $4,830

  • 12 · Advertising and promotion

    total $45,431 · program services $14,899 · management and general $30,532

  • 13 · Office expenses

    total $262,141 · program services $159,836 · management and general $100,583 · fundraising $1,722

  • 14 · Information technology

    total $110,777 · program services $39,597 · management and general $70,272 · fundraising $908

  • 16 · Occupancy

    total $273,746 · management and general $273,746

  • 17 · Travel

    total $624,583 · program services $548,030 · management and general $66,375 · fundraising $10,178

  • 19 · Conferences, conventions and meetings

    total $1,506,570 · program services $1,436,164 · management and general $70,406

  • 22 · Depreciation, depletion and amortization

    total $429,297 · program services $252,600 · management and general $176,697

  • 23 · Insurance

    total $147,001 · program services $115,619 · management and general $31,382

  • 24a · Other expenses: Loss on lease terminati

    total $780,000 · management and general $780,000

  • 24b · Other expenses: Recruitment

    total $200,191 · program services $170,473 · management and general $29,514 · fundraising $204

  • 24c · Other expenses: Dues/subscriptions

    total $148,679 · program services $41,486 · management and general $102,193 · fundraising $5,000

  • 24d · Other expenses: Miscellaneous

    total $95,604 · program services $6,474 · management and general $89,130

  • 24e · All other expenses

    total $46 · program services $46

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,506,086 · end of year $1,511,941

  • 2 · Savings and temporary cash investments

    beginning of year $7,361,995 · end of year $5,004,912

  • 3 · Pledges and grants receivable

    beginning of year $9,587,532 · end of year $6,443,274

  • 4 · Accounts receivable

    beginning of year $89,556 · end of year $11,310

  • 9 · Prepaid expenses and deferred charges

    beginning of year $506,438 · end of year $306,415

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

    $1,721,954

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

    $1,168,084

  • 10c · Land, buildings and equipment, net

    beginning of year $730,567 · end of year $553,870

  • 11 · Investments: publicly traded securities

    beginning of year $444,763 · end of year $523,902

  • 14 · Intangible assets

    beginning of year $1,201,953 · end of year $949,353

  • 15 · Other assets

    beginning of year $275,785 · end of year $80,539

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,814,295 · end of year $1,711,692

  • 25 · Other liabilities

    beginning of year $1,536,096 · end of year $1,365,150

  • 27 · Net assets without donor restrictions

    beginning of year $4,311,941 · end of year $5,567,087

  • 28 · Net assets with donor restrictions

    beginning of year $10,042,343 · end of year $6,741,587

Mission and programs · 2023

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 advance the development of vaccine candidates that have demonstrated early scientific value but have little 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 more than 15,000 people in the last many years. 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 Ebola vaccines.

    Expenses $27,130,238 · Revenue $31,913,858

  • 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 has a vision of a future free from such preventable diseases. Reaching this goal requires efficient vaccine distribution, broad vaccine uptake and equitable access to vaccination services. Through advocacy, capacity development and social, behavioral, and epidemiological research, Sabin advances evidence-based strategies for improved distribution and uptake of vaccines. Sabin's Global Immunization programs focus on turning vaccines into vaccinations by ceding power, resources, and decision-making to community and national stakeholders. They build consensus to mobilize action through stakeholder consortiums and convenings; strengthen the capabilities of local immunization professionals to deliver vaccinations to remote and hard-to-reach settings; co-design implementation research studies with community-based investigators to highlight barriers for vaccine uptake; and apply epidemiology for disease surveillance as well as optimizing vaccine use. Sabin's Boost global community enables immunization professionals to connect with peers and experts, learn skills that build capacity and advance careers, and lead immunization programs in challenging contexts. Sabin's Vaccine Acceptance & Delivery workstream focuses on understanding the social drivers of vaccination decisions to improve uptake and confidence. Sabin's Applied Epidemiology team improves disease outcomes by generating essential epidemiological data for well-designed and efficiently implemented immunization programs and creating cost-effective diagnostics for diseases such as typhoid. Through a variety of mechanisms including the Global HPV Consortium and the Coalition Against Typhoid, Sabin brings together researchers, government officials, immunization specialists, and other stakeholders to support the introduction and expansion of new under-utilized vaccines.

    Expenses $10,155,299 · Grants $3,064,520 · Revenue $7,417,901

As filed on the 2023 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

  • 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, Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Suzich JoAnn

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Finan Amy

    CEO

    Total calculated
    $545,454
    From this org
    $503,726
    From related orgs
    $0
    Other
    $41,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $441,106
    Bonus
    $56,000
    Other
    $6,620
    Deferred
    $10,740
    Nontaxable benefits
    $30,988
    Filer's total
    $545,454

  • Gupta Anuradha

    President

    Total calculated
    $267,202
    From this org
    $237,447
    From related orgs
    $0
    Other
    $29,755
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,131
    Bonus
    $0
    Other
    $4,316
    Deferred
    $2,400
    Nontaxable benefits
    $27,355
    Filer's total
    $267,202

  • DeLeon Kiju

    CFO

    Total calculated
    $365,791
    From this org
    $334,456
    From related orgs
    $0
    Other
    $31,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,638
    Bonus
    $15,000
    Other
    $5,818
    Deferred
    $12,265
    Nontaxable benefits
    $19,070
    Filer's total
    $365,791

  • King Thomas

    VP, Nonclinical

    Total calculated
    $370,639
    From this org
    $316,466
    From related orgs
    $0
    Other
    $54,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,834
    Bonus
    $20,000
    Other
    $4,632
    Deferred
    $12,017
    Nontaxable benefits
    $42,156
    Filer's total
    $370,639

  • Vert-Wong Ekaterina

    VP, Portfolio & Alliance M

    Total calculated
    $367,687
    From this org
    $312,948
    From related orgs
    $0
    Other
    $54,739
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,376
    Bonus
    $20,000
    Other
    $2,572
    Deferred
    $12,017
    Nontaxable benefits
    $42,722
    Filer's total
    $367,687

  • Garrett Denise

    VP, Applied Epidemiology

    Total calculated
    $330,133
    From this org
    $293,579
    From related orgs
    $0
    Other
    $36,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,528
    Bonus
    $18,000
    Other
    $10,051
    Deferred
    $10,574
    Nontaxable benefits
    $25,980
    Filer's total
    $330,133

  • Williams Michelle

    VP, Operations and HR

    Total calculated
    $308,159
    From this org
    $277,693
    From related orgs
    $0
    Other
    $30,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,974
    Bonus
    $11,000
    Other
    $2,719
    Deferred
    $10,674
    Nontaxable benefits
    $19,792
    Filer's total
    $308,159

  • Lopez Antonio Gonzalez

    VP

    Total calculated
    $278,542
    From this org
    $246,356
    From related orgs
    $0
    Other
    $32,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,484
    Bonus
    $0
    Other
    $2,872
    Deferred
    $5,833
    Nontaxable benefits
    $26,353
    Filer's total
    $278,542

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413179349302236

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