Form 990 for tax year 2022
Filed by LAUREATE INSTITUTE FOR BRAIN RESEARCH INC.
Totals
- Total revenue
- $17,156,701
- Total expenses
- $14,462,531
- Contributions and grants received
- $16,787,690
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $292,802
- Other revenue
- $76,209
- Total assets, end of year
- $22,973,821
- Total liabilities, end of year
- $5,109,981
- Net assets or fund balances, end of year
- $17,863,840
- Program services expenses (Part IX)
- $9,990,168
- Management and general expenses
- $4,472,363
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,990,168
Program services were 69.1% 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)
$6,014,155
-
1f · All other contributions, gifts and grants
$10,773,535
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $230,988 · excluded $230,988
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $2,731,555 · other assets $189,687
-
7b · Less cost or other basis and sales expenses
securities $2,631,233 · other assets $228,195
-
7c · Gain or loss
securities $100,322 · other assets -$38,508
-
7d · Net gain or loss
total $61,814 · excluded $61,814
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: SCIENTIFIC SERVICES REVENUE
total $61,510 · excluded $61,510
-
11b · Other revenue: REGISTRATION FEES
total $14,699 · excluded $14,699
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$76,209
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 $1,233,401 · program services $221,068 · management and general $1,012,333
-
6 · Compensation of disqualified persons
total $0 · program services $0
-
7 · Other salaries and wages
total $5,214,527 · program services $4,808,524 · management and general $406,003
-
8 · Pension plan contributions
total $265,708 · program services $265,708 · management and general $0
-
9 · Other employee benefits
total $529,231 · program services $464,688 · management and general $64,543
-
10 · Payroll taxes
total $417,487 · program services $337,241 · management and general $80,246
-
11a · Fees: management
total $530,860 · program services $399,975 · management and general $130,885
-
11b · Fees: legal
total $139,836 · program services $0 · management and general $139,836
-
11c · Fees: accounting
total $203,684 · program services $0 · management and general $203,684
-
11g · Fees: other
total $1,263,475 · program services $1,183,517 · management and general $79,958 · fundraising $0
-
13 · Office expenses
total $220,446 · program services $156,458 · management and general $63,988
-
14 · Information technology
total $874,165 · program services $403,972 · management and general $470,193
-
16 · Occupancy
total $481,818 · program services $6,844 · management and general $474,974
-
17 · Travel
total $216,958 · program services $154,815 · management and general $62,143
-
19 · Conferences, conventions and meetings
total $7,972 · program services $7,099 · management and general $873
-
22 · Depreciation, depletion and amortization
total $854,209 · program services $0 · management and general $854,209
-
23 · Insurance
total $144,851 · program services $0 · management and general $144,851
-
24a · Other expenses: REP., MAINT & NONCAP PLAN EX
total $229,078 · program services $129,726 · management and general $99,352
-
24b · Other expenses: LAB SUPPLIES
total $341,987 · program services $341,876 · management and general $111
-
24c · Other expenses: RESEARCH SUBJECT EXPENSE
total $997,906 · program services $995,880 · management and general $2,026
-
24d · Other expenses: RECRUITMENT
total $109,352 · program services $3,000 · management and general $106,352
-
24e · All other expenses
total $185,580 · program services $109,777 · management and general $75,803 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,194,460 · end of year $4,939,774
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,773,693 · end of year $1,561,166
-
4 · Accounts receivable
beginning of year $9,631 · end of year $19,309
-
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 $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $450,105 · end of year $526,052
-
10a · Land, buildings and equipment: cost or other basis
$14,595,736
-
10b · Land, buildings and equipment: accumulated depreciation
$11,289,712
-
10c · Land, buildings and equipment, net
beginning of year $3,211,161 · end of year $3,306,024
-
11 · Investments: publicly traded securities
beginning of year $13,113,316 · end of year $11,620,145
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $8,938 · end of year $1,001,351
-
17 · Accounts payable and accrued expenses
beginning of year $2,050,635 · end of year $3,198,727
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $3,416 · end of year $923,032
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $988,222
-
27 · Net assets without donor restrictions
beginning of year $4,584,549 · end of year $3,933,023
-
28 · Net assets with donor restrictions
beginning of year $13,122,704 · end of year $13,930,817
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
SEE SCHEDULE O
Activities or mission (Part I)
TO ENGAGE IN THE CONDUCT OF MEDICAL RESEARCH. TO DISCOVER AND DEVELOP KNOWLEDGE RELATING TO CAUSES, DIAGNOSIS, TREATMENT, PREVENTION, OR CONTROL OF THE PHYSICAL OR MENTAL DISEASES AND IMPAIRMENTS OF MAN.
-
LAUREATE INSTITUTE FOR BRAIN RESEARCH (LIBR) IS A MULTIDISCIPLINARY RESEARCH PROGRAM AIMED AT ILLUMINATING THE PATHOPHYSIOLOGY OF NEUROPSYCHIATRIC DISORDERS. LIBR AIMS TO DEVELOP NOVEL THERAPEUTICS, CURES AND PREVENTIONS TO IMPROVE THE WELL-BEING OF PERSONS WHO SUFFER FROM OR ARE AT RISK FOR NEUROPSYCHIATRIC ILLNESS. LIBR FOSTERS COLLABORATION AMONG SCIENTISTS, CLINICIANS, AND INSTITUTIONS ENGAGED IN RESEARCH THAT ENHANCES WELLNESS AND ALLEVIATES SUFFERING FROM MENTAL ILLNESS.
Expenses $9,990,168
As filed on the 2022 return.
Listed in Part VII
-
Martin Paulus MDMARTIN PAULUS MD
PRES. & SCIENTIFIC DIRECTOR
- Total calculated
- $601,573
- From this org
- $544,738
- From related orgs
- $0
- Other
- $56,835
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $524,934
- Bonus
- $19,804
- Other
- $0
- Deferred
- $34,452
- Nontaxable benefits
- $22,383
- Filer's total
- $601,573
-
Thomas E CooperTHOMAS E COOPER
DIRECTOR AND CEO
- Total calculated
- $0
- Hours/week
- 10 + 0.5 related
-
Cliff A Robertson MDCLIFF A ROBERTSON MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
John-Kelly C WarrenJOHN-KELLY C WARREN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Patrick A McKee MDPATRICK A MCKEE MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
William R Yates MDWILLIAM R YATES MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Colleen McCallumCOLLEEN MCCALLUM
VICE PRESIDENT & COO
- Total calculated
- $410,758
- From this org
- $364,455
- From related orgs
- $0
- Other
- $46,303
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $304,980
- Bonus
- $59,475
- Other
- $0
- Deferred
- $37,556
- Nontaxable benefits
- $8,747
- Filer's total
- $410,758
-
Julianna P AdamsJULIANNA P ADAMS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0 + 0.5 related
-
Michael Rohan PhDMICHAEL ROHAN PHD
CHIEF TECH OFFICER (AS OF 06/27/2022)
- Total calculated
- $221,068
- From this org
- $209,481
- From related orgs
- $0
- Other
- $11,587
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,481
- Bonus
- $0
- Other
- $80,000
- Deferred
- $0
- Nontaxable benefits
- $11,587
- Filer's total
- $221,068
-
Pam A GlennPAM A GLENN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Evan White PhDEVAN WHITE PHD
PRINCIPAL INVESTIGATOR (AS OF 07/03/2022)
- Total calculated
- $152,320
- From this org
- $118,385
- From related orgs
- $0
- Other
- $33,935
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,755
- Bonus
- $1,630
- Other
- $0
- Deferred
- $12,610
- Nontaxable benefits
- $21,325
- Filer's total
- $152,320
-
Rayus Kuplicki PhDRAYUS KUPLICKI PHD
DATA ANALYTICS LEAD
- Total calculated
- $160,696
- From this org
- $137,965
- From related orgs
- $0
- Other
- $22,731
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,465
- Bonus
- $500
- Other
- $0
- Deferred
- $13,984
- Nontaxable benefits
- $8,747
- Filer's total
- $160,696
-
Ryan Smith PhDRYAN SMITH PHD
PRINCIPAL INVESTIGATOR
- Total calculated
- $155,422
- From this org
- $137,005
- From related orgs
- $0
- Other
- $18,417
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,005
- Bonus
- $0
- Other
- $0
- Deferred
- $10,416
- Nontaxable benefits
- $8,001
- Filer's total
- $155,422
-
Sahib Khalsa MD PhDSAHIB KHALSA MD PHD
PHYSICIAN
- Total calculated
- $373,128
- From this org
- $312,192
- From related orgs
- $0
- Other
- $60,936
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $284,409
- Bonus
- $27,783
- Other
- $0
- Deferred
- $11,346
- Nontaxable benefits
- $49,590
- Filer's total
- $373,128
-
Salvador Guinjoan MD PhDSALVADOR GUINJOAN MD PHD
SCIENTIST, RESEARCH CORE
- Total calculated
- $237,956
- From this org
- $215,352
- From related orgs
- $0
- Other
- $22,604
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,352
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,604
- Filer's total
- $237,956
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 · Written employment contract
- 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
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- COMPENSATION FOR THE PRESIDENT AND OFFICERS IS SET THROUGH A STRUCTURED REVIEW PROCESS. THE PROCESS INCLUDES AN EVALUATION OF COMPARABLE SALARIES FOR COMPARABLE POSITIONS IN SIMILAR ORGANIZATIONS BY AN INDEPENDENT EXTERNAL FIRM. COMPENSATION ADJUSTMENTS ARE REVIEWED AND APPROVED BY THE DIRECTORS. THE LAST COMPENSATION REVIEW WAS PERFORMED IN 2022.
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.
-
LAUREATE MENTAL HEALTH CORPORATION
501(c)(3) · HEALTHCARE RESEARCH · OK
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333149349302908
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