Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $37,340,776

• 1e · Government grants (contributions)

  $172,538,821

• 1f · All other contributions, gifts and grants

  $55,792,518

• 1g · Noncash contributions included above

  $19,773,519

• 2a · Program service revenue: CELL THERAPY PRODUCTS

  total $7,603,951 · related or exempt $3,351,230 · unrelated business $4,252,721

• 2b · Program service revenue: MANAGEMENT SERVICES

  total $6,403,658 · related or exempt $0 · unrelated business $6,403,658

• 2c · Program service revenue: CORE LAB REVENUE

  total $5,666,674 · related or exempt $5,666,674 · unrelated business $0

• 2d · Program service revenue: CLINICAL TRIAL COLLABORATION

  total $250,000 · related or exempt $250,000

• 2e · Program service revenue: RESEARCH COLLABORATION

  total $194,414 · related or exempt $194,414 · unrelated business $0

• 2f · All other program service revenue

  total $254,008 · related or exempt $254,008

• 3 · Investment income

  total $21,873,687 · unrelated business -$488,243 · excluded $22,361,930

• 4 · Income from investment of tax-exempt bond proceeds

  total $914,381 · related or exempt $914,381

• 6a · Gross rents

  real property $559,495

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $559,495

• 6d · Net rental income or loss

  total $559,495 · unrelated business $120,000 · excluded $439,495

• 7a · Gross sales of assets other than inventory

  securities $213,933,385 · other assets $16,417,016

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

  securities $227,709,070 · other assets $28,139

• 7c · Gain or loss

  securities -$13,775,685 · other assets $16,388,877

• 7d · Net gain or loss

  total $2,613,192 · excluded $2,613,192

• 11a · Other revenue: PARKING

  total $939,113 · excluded $939,113

• 11b · Other revenue: LICENSE FEES

  total $823,907 · excluded $823,907

• 11c · Other revenue: REBATES

  total $324,991 · excluded $324,991

• 11d · All other revenue

  total $718,348 · excluded $718,348

• 11e · Other revenue, total

  $2,806,359

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,148,330 · program services $5,148,330

• 3 · Grants to foreign organizations and individuals

  total $57,329 · program services $57,329

• 5 · Compensation of officers, directors and key employees

  total $15,231,013 · program services $12,762,827 · management and general $2,468,186

• 6 · Compensation of disqualified persons

  total $745,092 · program services $624,350 · management and general $120,742

• 7 · Other salaries and wages

  total $160,668,199 · program services $109,837,326 · management and general $50,830,873

• 8 · Pension plan contributions

  total $7,297,358 · program services $5,026,862 · management and general $2,270,496

• 9 · Other employee benefits

  total $17,347,191 · program services $13,513,817 · management and general $3,833,374

• 10 · Payroll taxes

  total $10,405,865 · program services $7,089,769 · management and general $3,316,096

• 11b · Fees: legal

  total $2,725,835 · management and general $2,725,835

• 11c · Fees: accounting

  total $67,762 · management and general $67,762

• 11d · Fees: lobbying

  total $110,185 · management and general $110,185

• 11f · Fees: investment management

  total $1,570,793 · management and general $1,570,793

• 11g · Fees: other

  total $30,213,906 · program services $18,615,649 · management and general $11,598,257

• 12 · Advertising and promotion

  total $4,144,596 · program services $71,844 · management and general $4,072,752

• 13 · Office expenses

  total $25,223,025 · program services $18,063,820 · management and general $7,159,205

• 14 · Information technology

  total $13,227,260 · program services $1,026,349 · management and general $12,200,911

• 16 · Occupancy

  total $5,377,052 · program services $3,202 · management and general $5,373,850

• 17 · Travel

  total $4,458,616 · program services $1,465,873 · management and general $2,992,743

• 20 · Interest

  total $1,838,717 · management and general $1,838,717

• 22 · Depreciation, depletion and amortization

  total $11,252,227 · management and general $11,252,227

• 23 · Insurance

  total $290,740 · management and general $290,740

• 24a · Other expenses: INCOME TAX EXPENSE

  total $1,445,264 · program services $0 · management and general $1,445,264

• 24b · Other expenses: ALLOCATION OF I/C EXPEN

  total $0 · program services $24,942,411 · management and general -$24,942,411

• 24c · Other expenses: CORE RESEARCH COSTS

  total $7,536,348 · program services $7,456,121 · management and general $80,227

• 24d · Other expenses: MEDICAL SUPPLIES

  total $5,077,927 · program services $5,069,564 · management and general $8,363

• 24e · All other expenses

  total $8,853,095 · program services $5,424,036 · management and general $3,429,059

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $155,843,806 · end of year $376,455,271

• 2 · Savings and temporary cash investments

  beginning of year $684,880,809 · end of year $708,497,254

• 3 · Pledges and grants receivable

  beginning of year $24,992,183 · end of year $30,821,585

• 9 · Prepaid expenses and deferred charges

  beginning of year $27,930,120 · end of year $31,906,151

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

  $1,715,984,541

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

  $614,231,485

• 10c · Land, buildings and equipment, net

  beginning of year $994,769,143 · end of year $1,101,753,056

• 11 · Investments: publicly traded securities

  beginning of year $372,004,110 · end of year $419,470,040

• 12 · Investments: other securities

  beginning of year $30,740,000 · end of year $15,878,300

• 15 · Other assets

  beginning of year $128,852,747 · end of year $179,178,915

• 17 · Accounts payable and accrued expenses

  beginning of year $177,580,502 · end of year $200,646,922

• 19 · Deferred revenue

  beginning of year $3,956,594 · end of year $606,425

• 20 · Tax-exempt bond liabilities

  beginning of year $984,150,028 · end of year $1,174,013,346

• 25 · Other liabilities

  beginning of year $24,514,063 · end of year $80,455,947

• 27 · Net assets without donor restrictions

  beginning of year $1,129,464,847 · end of year $1,298,767,266

• 28 · Net assets with donor restrictions

  beginning of year $100,346,884 · end of year $109,470,666

The filer's explanations (Part III)

PART I, LINE 1A

INSTITUTE PAYS MEMBERSHIP DUES TO A SOCIAL CLUB FOR PATRICK HWU, DAVID DE LA PARTE AND W.J. WILSON. THE AMOUNT PAID IS SUBSEQUENTLY ADDED TO TAXABLE WAGES FOR THE RESPECTIVE INDIVIDUAL. PART I, LINE 1B: PAYMENTS MADE FOR SOCIAL CLUB DUES ARE INITIALLY APPROVED BY EXECUTIVE LEADERSHIP AND HUMAN RESOURCES AND REVIEWED/APPROVED BY THE JOINT EXECUTIVE COMPENSATION AND BENEFITS COMMITTEE (JE&BC), APPOINTED BY THE BOARD TO APPROVE SUCH PAYMENTS AND ASSOCIATED AMOUNTS.

PART I, LINES 4A-B

FOR TAX YEAR 2023, SANTOSH MOHAN RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION IN THE AMOUNT OF $189,507. TO BE ELIGIBLE TO PARTICIPATE IN THE 457(F) NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP), PARTICIPANTS MUST ELECT TO CONTRIBUTE AT LEAST 10% ACROSS THE 403(B) AND 457(B) PLANS, AND ARE VESTED AFTER 10 YEARS OF SERVICE. LUMP SUM DISTRIBUTIONS FROM THE ACCOUNT ARE MADE UPON NORMAL RETIREMENT OR TERMINATION. BELOW ARE INDIVIDUALS LISTED ON MOFFITT'S 2023 FORM 990 PART VII, SECTION A, THAT PARTICIPATED IN THE 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AND THEIR RESPECTIVE AMOUNTS OF COMPENSATION CONSTRUCTIVELY RECEIVED IN TAX YEAR 2023 FROM THE PLAN: AMY DURHAM - $15,664 ANNA R. GIULIANO - $1,750 BERNARD L. GREEN - $0 BRIAN C. SPRINGER - $125,187 CATHY GRANT - $3,754 CHARLES R. FLETCHER - $0 DANA E. ROLLISON - $20,968 DIANE K. HAMMON - $27,806 DONALD E. FUTRELL - $11,912 EDMONDO J. ROBINSON - $0 ELSA FLORES - $0 EVAN ZASLOW - $0 G D. LETSON - $46,459 HENRY REYES - $0 JAMES J. MULAY - $30,787 JARETT RIEGER - $10,900 JASON LEBSACK - $0 JOANNA WEISS - $24,396 JOHN L. CLEVELAND - $35,963 JONATHAN S. ZAGER - $1,750 JOYCE OH - $0 KEN KOMORNY - $0 LOUIS D. DE LA PARTE - $32,791 LYNN ANSLEY - $11,912 LYNN C. MOSCINSKI - $1,750 PATRICK HWU - $0 RANDA M. PERKINS - $3,375 SARABDEEP SINGH - $0 SANTOSH MOHAN - $0 SHELLEY S. TWOROGER - $0 TERRENCE WRIGHT - $0 W. J. WILSON - $12,676 YVETTE M. LYONS TREMONTI - $45,116

PART I, LINE 6

IN GENERAL, INCENTIVE COMPENSATION IS BASED ON A PERCENTAGE OF MOFFITT'S NET OPERATING INCOME AND ACHIEVEMENT AGAINST SPECIFIC ORGANIZATIONAL GOALS, DIVISIONAL AND/OR INDIVIDUAL GOALS, PROVIDED A CERTAIN NET OPERATING INCOME THRESHOLD IS MET.

Related corporations and trusts

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

• MOFFITT TECHNOLOGIES CORPORATION

  C · TECHNOLOGY MANAGEMENT · FL · 100% owned · share of assets $262,621 · controlled entity

  Directly controlled by H LEE MOFFITT CC&RI INC