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← SANDERS TRI-INSTITUTIONAL THERAPEUT DISCOVERY INSTITUTE INC CO WEILL C

Form 990 for tax year 2022

Filed by SANDERS TRI-INSTITUTIONAL THERAPEUT DISCOVERY INSTITUTE INC CO WEILL C.

Totals

Total revenue
$17,034,275
Total expenses
$17,034,275
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,999,291
Investment income
$34,984
Other revenue
$0
Total assets, end of year
$8,782,111
Total liabilities, end of year
$8,782,111
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$15,903,143
Management and general expenses
$1,131,132
Fundraising expenses
$0
Program service expenses (Part III)
$15,903,143

Program services were 93.4% 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.

  • 2a · Program service revenue: REVENUE FROM COLLABORATION AGREEM

    total $11,911,800 · related or exempt $11,911,800

  • 2b · Program service revenue: REVENUE FROM AFFILIATION AGREEMEN

    total $5,087,491 · related or exempt $5,087,491

  • 3 · Investment income

    total $34,984 · excluded $34,984

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $568,459 · program services $177,204 · management and general $391,255

  • 6 · Compensation of disqualified persons

    total $4,365,614 · program services $4,013,234 · management and general $352,380

  • 8 · Pension plan contributions

    total $1,346,541 · program services $1,222,032 · management and general $124,509

  • 9 · Other employee benefits

    total $378,719 · program services $368,405 · management and general $10,314

  • 11b · Fees: legal

    total $132,530 · management and general $132,530

  • 11c · Fees: accounting

    total $101,864 · management and general $101,864

  • 11g · Fees: other

    total $6,202,903 · program services $6,202,903

  • 13 · Office expenses

    total $20,134 · program services $19,485 · management and general $649

  • 14 · Information technology

    total $563,693 · program services $563,693

  • 16 · Occupancy

    total $1,959,982 · program services $1,942,351 · management and general $17,631

  • 17 · Travel

    total $31,999 · program services $31,999

  • 19 · Conferences, conventions and meetings

    total $11,530 · program services $11,530

  • 22 · Depreciation, depletion and amortization

    total $394,477 · program services $394,477

  • 23 · Insurance

    total $68,112 · program services $68,112

  • 24a · Other expenses: SCIENTIFIC MATERIALS

    total $792,715 · program services $792,715

  • 24b · Other expenses: OTHER

    total $95,003 · program services $95,003

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,698,300 · end of year $4,957,706

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,411,379 · end of year $1,476,803

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

    $3,875,985

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

    $3,038,223

  • 10c · Land, buildings and equipment, net

    beginning of year $709,715 · end of year $837,762

  • 15 · Other assets

    beginning of year $0 · end of year $1,509,840

  • 19 · Deferred revenue

    beginning of year $3,521,733 · end of year $4,434,242

  • 25 · Other liabilities

    beginning of year $2,297,661 · end of year $4,347,869

Mission and programs · 2022

Mission

THE SANDERS TRI-INSTITUTIONAL THERAPEUTICS DISCOVERY INSTITUTE, INC. WAS ORGANIZED AND IS OPERATED AS AN INDEPENDENT, NON-PROFIT CORPORATION, CONTROLLED BY LEADING NOT-FOR-PROFIT ACADEMIC, MEDICAL AND RESEARCH INSTITUTIONS, TO FURTHER AND IMPROVE HEALTH AND THE DIAGNOSIS, PREVENTION AND TREATMENT OF DISEASE THROUGH FUTHERING AND IMPROVING TRANSLATIONAL RESEARCH, GENERATE INNOVATIVE PROOF-OF-CONCEPT STUDIES, AND ADVANCE THE SCIENTIFIC ACTIVITIES OF THE CONTROLLING INSTITUTIONS' (MEMORIAL SLOAN KETTERING CANCER CENTER, THE ROCKEFELLER UNIVERSITY AND WEIL CORNELL MEDICAL COLLEGE)FACULTY, FELLOWS AND STUDENTS IN ASPECTS OF TRANSLATIONAL RESEARCH, CHEMISTRY, PHARMACOLOGY, AND DRUG DISCOVERY.

  • THE SANDERS TRI-INSTITUTIONAL THERAPEUTICS DISCOVERY INSTITUTE, A PARTNERSHIP AMONG THREE WORLD-RENOWNED SCIENTIFIC AND MEDICAL INSTITUTIONS, WORKS TO MORE EFFECTIVELY DEVELOP THERAPEUTICS THAT ARISE FROM DISCOVERIES MADE IN BASIC SCIENCE LABS. WITH A FOCUS ON EARLY-STAGE DRUG DISCOVERY, THE INSTITUTE PROVIDES EXPERTISE IN MEDICINAL CHEMISTRY AND COMPOUND SCREENING, AND CONDUCTS PROOF OF CONCEPT STUDIES NEEDED TO DEMONSTRATE THAT DRUG CANDIDATES CAN SUCCESSFULLY ALTER THE COURSE OF A DISEASE. SPECIFIC RESEARCH PROJECTS FOCUS ON ALZHEIMERS DISEASE, SICKLE CELL, OSTEOPOROSIS, LYSOSOMAL, LIPID DEPOSITS, PARKINSON'S AND BASAL CELL CARCINOMA.

    Expenses $4,759,439 · Revenue $5,087,491

  • THE INSTITUTE FACILITATES MORE EFFICIENT SHARING OF CORE FACILITIES BETWEEN THE THREE PARTNER INSTITUTIONS AND FORMS INDUSTRY PARTNERSHIPS WITH PHARMACEUTICAL AND BIOTECH COMPANIES TO FURTHER ADVANCE DRUG RESEARCH. IT SEEKS TO CREATE INTELLECTUAL PROPERTY THAT CAN BE FURTHER DEVELOPED BY AN OPEN FIELD OF INDUSTRY COLLABORATORS. THE MAJORITY OF SUCH SERVICES RELATE TO MEDICINAL CHEMISTRY SUPPORT.

    Expenses $11,143,704 · Revenue $11,911,800

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

Listed in Part VII

  • Augustine Mk Choi MD

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $2,469,435
    From this org
    $0
    From related orgs
    $2,420,981
    Other
    $48,454
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $959,257 related
    Bonus
    $0
    Other
    $0 + $1,461,724 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $13,804 related
    Filer's total
    $0 + $2,469,435 related

  • Barry Coller MD

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $790,308
    From this org
    $0
    From related orgs
    $685,527
    Other
    $104,781
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $611,266 related
    Bonus
    $0
    Other
    $0 + $74,261 related
    Deferred
    $0 + $52,590 related
    Nontaxable benefits
    $0 + $52,191 related
    Filer's total
    $0 + $790,308 related

  • Richard P Lifton Mdphd

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $1,329,302
    From this org
    $0
    From related orgs
    $1,221,729
    Other
    $107,573
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $1,062,131 related
    Bonus
    $0
    Other
    $0 + $159,598 related
    Deferred
    $0 + $52,532 related
    Nontaxable benefits
    $0 + $55,041 related
    Filer's total
    $0 + $1,329,302 related

  • Carl Nathan MD

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $643,067
    From this org
    $0
    From related orgs
    $579,683
    Other
    $63,384
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $467,197 related
    Bonus
    $0
    Other
    $0 + $112,486 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $28,734 related
    Filer's total
    $0 + $643,067 related

  • David Scheinberg MD PhD

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $756,702
    From this org
    $0
    From related orgs
    $691,986
    Other
    $64,716
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $661,454 related
    Bonus
    $0
    Other
    $0 + $30,532 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $40,316 related
    Filer's total
    $0 + $756,702 related

  • Craig B Thompson MD

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $8,120,960
    From this org
    $0
    From related orgs
    $7,914,850
    Other
    $206,110
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $1,786,111 related
    Bonus
    $0 + $6,080,000 related
    Other
    $0 + $48,739 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $190,860 related
    Filer's total
    $0 + $8,120,960 related

  • Barbara Hempstead MD

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $791,280
    From this org
    $0
    From related orgs
    $742,926
    Other
    $48,354
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $285,918 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $407,008 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $13,704 related
    Filer's total
    $0 + $791,280 related

  • Nathaniel Heintz PhD

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $105,686
    From this org
    $0
    From related orgs
    $85,040
    Other
    $20,646
    Hours/week
    0

  • Derek Tan PhD

    MEMBER OF THE BOARD OF DIR

    Total calculated
    $574,824
    From this org
    $0
    From related orgs
    $500,965
    Other
    $73,859
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $483,685 related
    Bonus
    $0
    Other
    $0 + $17,280 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $49,459 related
    Filer's total
    $0 + $574,824 related

  • Peter T Meinke PhD

    DIRECTOR

    Total calculated
    $645,250
    From this org
    $579,341
    From related orgs
    $0
    Other
    $65,909
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $463,239
    Bonus
    $116,102
    Other
    $0
    Deferred
    $34,860
    Nontaxable benefits
    $31,049
    Filer's total
    $645,250

  • Michael P Vitale

    TREASURER - EFFECTIVE 9/1/22

    Total calculated
    $601,755
    From this org
    $0
    From related orgs
    $476,990
    Other
    $124,765
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $298,643 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $153,347 related
    Deferred
    $0 + $52,169 related
    Nontaxable benefits
    $0 + $72,596 related
    Filer's total
    $0 + $601,755 related

  • James H Lapple

    TREASURER - 1/1/22-6/30/22

    Total calculated
    $362,485
    From this org
    $0
    From related orgs
    $302,199
    Other
    $60,286
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $270,417 related
    Bonus
    $0 + $31,782 related
    Other
    $0
    Deferred
    $0 + $45,370 related
    Nontaxable benefits
    $0 + $14,916 related
    Filer's total
    $0 + $362,485 related

  • Manuel Baca

    VICE PRESIDENT,BIOLOGICS T

    Total calculated
    $359,187
    From this org
    $318,158
    From related orgs
    $0
    Other
    $41,029
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,408
    Bonus
    $18,750
    Other
    $0
    Deferred
    $8,841
    Nontaxable benefits
    $32,188
    Filer's total
    $359,187

  • Paul Balderes

    SR. DIRECTOR

    Total calculated
    $316,652
    From this org
    $258,924
    From related orgs
    $0
    Other
    $57,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,937
    Bonus
    $32,987
    Other
    $0
    Deferred
    $34,860
    Nontaxable benefits
    $22,868
    Filer's total
    $316,652

  • Nigel Liverton PhD

    VICE PRESIDENT,CHEMISTRY

    Total calculated
    $335,777
    From this org
    $268,013
    From related orgs
    $0
    Other
    $67,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,341
    Bonus
    $43,672
    Other
    $0
    Deferred
    $34,860
    Nontaxable benefits
    $32,904
    Filer's total
    $335,777

  • Patricia Aha

    VICE PRESIDENT, OPRATIONS

    Total calculated
    $250,955
    From this org
    $210,802
    From related orgs
    $0
    Other
    $40,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,342
    Bonus
    $32,460
    Other
    $0
    Deferred
    $29,232
    Nontaxable benefits
    $10,921
    Filer's total
    $250,955

  • Sandra Lorber

    VICE PRESIDENT,FINANCE

    Total calculated
    $267,826
    From this org
    $217,688
    From related orgs
    $0
    Other
    $50,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,910
    Bonus
    $34,778
    Other
    $0
    Deferred
    $27,942
    Nontaxable benefits
    $22,196
    Filer's total
    $267,826

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 · Form 990 of other organizations
  • 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)

OFFICERS, DIRECTORS
WAGES PAID BY RELATED ORGANIZATION TO THE TDI BOARD DIRECTORS ARE NOT TIED INTO THEIR SERIVCES AT TDI. THE BOARD MEMBERS ACT IN A VOLUNTARY CAPACITY AT TDI.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313119349302456

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

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