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Nonprofiteer
← METIS FOUNDATION

Form 990 for tax year 2022

Filed by METIS FOUNDATION.

Totals

Total revenue
$10,187,777
Total expenses
$9,945,566
Contributions and grants received
$10,175,007
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$12,770
Total assets, end of year
$2,752,682
Total liabilities, end of year
$1,970,608
Net assets or fund balances, end of year
$782,074
Program services expenses (Part IX)
$8,815,556
Management and general expenses
$1,130,010
Fundraising expenses
$0
Program service expenses (Part III)
$8,815,556

Program services were 88.6% 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)

    $10,171,907

  • 1f · All other contributions, gifts and grants

    $3,100

  • 11d · All other revenue

    total $12,770 · related or exempt $12,770 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $12,770

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $6,143,980 · program services $5,375,111 · management and general $768,869 · fundraising $0

  • 11b · Fees: legal

    total $97,475 · program services $0 · management and general $97,475 · fundraising $0

  • 11g · Fees: other

    total $548,312 · program services $548,312 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $65,955 · program services $9,023 · management and general $56,932 · fundraising $0

  • 16 · Occupancy

    total $64,107 · program services $12,422 · management and general $51,685 · fundraising $0

  • 17 · Travel

    total $219,228 · program services $166,521 · management and general $52,707 · fundraising $0

  • 23 · Insurance

    total $3,373 · program services $0 · management and general $3,373 · fundraising $0

  • 24a · Other expenses: BANK CHARGES

    total $12,296 · program services $90 · management and general $12,206 · fundraising $0

  • 24b · Other expenses: MATERIALS & SUPPLIES

    total $829,880 · program services $807,561 · management and general $22,319 · fundraising $0

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $20,284 · program services $0 · management and general $20,284 · fundraising $0

  • 24d · Other expenses: MEMBERSHIPS & SUBSCRIPTIONS

    total $44,891 · program services $13,319 · management and general $31,572 · fundraising $0

  • 24e · All other expenses

    total $1,895,785 · program services $1,883,197 · management and general $12,588 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $342,191 · end of year $829,116

  • 4 · Accounts receivable

    beginning of year $2,178,013 · end of year $1,831,793

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,472 · end of year $91,773

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,101,972 · end of year $1,278,196

  • 19 · Deferred revenue

    beginning of year $562,179 · end of year $507,412

  • 24 · Unsecured notes and loans payable

    beginning of year $185,000 · end of year $185,000

  • 27 · Net assets without donor restrictions

    beginning of year $629,144 · end of year $688,392

  • 28 · Net assets with donor restrictions

    beginning of year $67,381 · end of year $93,682

Mission and programs · 2022

Mission

The Metis Foundation is an organization dedicated to advancing clinically relevant medical research, especially within the Department of Defense. We seek to foster collaboration among government, academic and industry entities by providing scientific, educational, financial and project management support during the conduct of federally and privately sponsored research, clinical trials and education.

  • HU00012120008 THE MILITARY CARDIOVASCULAR OUTCOMES RESEARCH (MICOR) PROGRAM UTILIZES A MULTIDISCIPLINARY APPROACH FOR DEFINING THE BEST PRACTICES TO PREVENT AND MITIGATE CARDIOVASCULAR DISEASE (CVD) IN THE MILITARY. THE MAJOR FOCUS IS TO INCREASE READINESS, REDUCE HEALTH COST, AND PREVENT CARDIOVASCULAR MORBIDITY LATER IN LIFE FOR VARIOUS MILITARY COHORTS. THE PROGRAM INTEGRATES A VARIETY OF SUBJECT MATTER EXPERTISE INCLUDING CARDIOLOGY, PHARMACOLOGY, PSYCHOLOGY, AND METABOLIC DISORDERS WHILE IMPLEMENTING CARDIOVASCULAR PREVENTION STRATEGIES IN A VARIETY OF POPULATIONS.

    Expenses $1,208,564 · Grants $49,731 · Revenue $1,440,467

  • HU00012120090: Statement of Public PurposeMilitary Health System beneficiaries and military service members are at risk for Long Haul Covid (LHC). Importantly, this study will enroll non-MHS beneficiaries as well, extending the implications to the health of the general public. All individuals that suffer from Covid will benefit from research studies that expand the body of knowledge on reducing this negative post-viral impact.

    Expenses $615,188 · Grants $121,250 · Revenue $734,446

  • W911NF-19-2-0027 There is a critical need for stabilization of limbs and organs for civilian and military applications that are currently limited by storage time when removed from the body. As part of the DARPA Biostasis program, the Wyss Institute team has partnered with the 59th RESTOR Program and Vascular Perfusion Solutions to test the first application of its WC1 biostasis inducer compound in swine using an established model of vascularized composite allotransplantation (VCA) in conjunction with the ULiSSES (Universal Limb Stasis System for Extended Storage) device.

    Expenses $752,484 · Grants $374,551 · Revenue $827,250

  • ALL OTHER PROGRAMS COMBINED FOR MEDICAL RESEARCH

    Expenses $6,239,320 · Grants $1,999,447 · Revenue $7,220,747

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

Listed in Part VII

  • Rodney Chan

    CHAIR, BOARD MEMBER

    Total calculated
    $395,804
    From this org
    $395,804
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $395,804
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $395,804

  • Anders Carlsson PhD

    BOARD MEMBER

    Total calculated
    $137,940
    From this org
    $137,940
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Prabh Grewal DDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachelle Mainard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gregory Bramblett

    EMPLOYEE

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elof Eriksson

    EMPLOYEE

    Total calculated
    $100,711
    From this org
    $100,711
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

None.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 November 2023
IRS schema version
2022v5.0
Source object
202313199349316636

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