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Nonprofiteer
← INSTITUTE FOR SYSTEMS BIOLOGY

Form 990 for tax year 2023

Filed by INSTITUTE FOR SYSTEMS BIOLOGY.

Totals

Total revenue
$43,611,326
Total expenses
$46,752,331
Contributions and grants received
$40,929,618
Grants paid
$0
Program service revenue
$805,238
Investment income
$1,495,258
Other revenue
$381,212
Total assets, end of year
$121,196,657
Total liabilities, end of year
$58,566,535
Net assets or fund balances, end of year
$62,630,122
Program services expenses (Part IX)
$33,689,837
Management and general expenses
$12,584,071
Fundraising expenses
$478,423
Program service expenses (Part III)
$33,689,837

Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WASIF RASHEED

    DIRECTOR

    Total calculated
    $3,133,967
    From this org
    $0
    From related orgs
    $2,873,189
    Other
    $260,778
    Hours/week
    0.5 + 64.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $807,433 related
    Bonus
    $0 + $1,915,388 related
    Other
    $0 + $150,368 related
    Deferred
    $0 + $219,646 related
    Nontaxable benefits
    $0 + $41,132 related
    Filer's total
    $0 + $3,133,967 related

  • ARI ROBICSEK MD

    DIRECTOR

    Total calculated
    $2,234,673
    From this org
    $0
    From related orgs
    $2,010,519
    Other
    $224,154
    Hours/week
    0.5 + 64.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $664,834 related
    Bonus
    $0 + $1,110,627 related
    Other
    $0 + $235,058 related
    Deferred
    $0 + $190,489 related
    Nontaxable benefits
    $0 + $33,665 related
    Filer's total
    $0 + $2,234,673 related

  • AMY COMPTON-PHILLIPS MD

    DIRECTOR

    Total calculated
    $2,017,976
    From this org
    $0
    From related orgs
    $2,017,976
    Other
    $0
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $897,583 related
    Other
    $0 + $1,120,393 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $2,017,976 related

  • LEROY HOOD MD PHD

    DIRECTOR

    Total calculated
    $648,564
    From this org
    $0
    From related orgs
    $646,351
    Other
    $2,213
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $88,865 related
    Bonus
    $0 + $260,102 related
    Other
    $0 + $297,384 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $2,213 related
    Filer's total
    $0 + $648,564 related

  • BRIAN V TURNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHARLES WATTS MD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CRAIG MUNDIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DANIEL T LING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID SABEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • DOUGLAS HOWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • HEATHER REDMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MELANIE L MAYER PHD

    DIRECTOR (PART YEAR)

    Total calculated
    $0
    Hours/week
    0.5

  • NANCY ALLBRITTON MD PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROGER PERLMUTTER MD PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHEN M GRAHAM

    DIRECTOR - THRU 6/23

    Total calculated
    $0
    Hours/week
    0.5

  • THOMAS J CABLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES R HEATH PHD

    PRESIDENT/PROFESSOR

    Total calculated
    $519,325
    From this org
    $461,454
    From related orgs
    $0
    Other
    $57,871
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $447,062
    Bonus
    $0
    Other
    $14,392
    Deferred
    $26,400
    Nontaxable benefits
    $31,471
    Filer's total
    $519,325

  • NITIN BALIGA PHD

    SVP DIR OF INTEGRATIVE SCIENCE/PROF

    Total calculated
    $407,708
    From this org
    $344,533
    From related orgs
    $0
    Other
    $63,175
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $342,341
    Bonus
    $0
    Other
    $2,192
    Deferred
    $26,400
    Nontaxable benefits
    $36,775
    Filer's total
    $407,708

  • KATHY SCANLAN

    COO/TREASURER

    Total calculated
    $370,503
    From this org
    $317,474
    From related orgs
    $0
    Other
    $53,029
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $313,391
    Bonus
    $0
    Other
    $4,083
    Deferred
    $25,485
    Nontaxable benefits
    $27,544
    Filer's total
    $370,503

  • ANDREW MAGIS

    DIRECTOR OF DATA SCIENCE

    Total calculated
    $336,082
    From this org
    $293,494
    From related orgs
    $0
    Other
    $42,588
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $291,830
    Bonus
    $0
    Other
    $1,664
    Deferred
    $24,000
    Nontaxable benefits
    $18,588
    Filer's total
    $336,082

  • ILYA SHMULEVICH PHD

    PROFESSOR

    Total calculated
    $314,014
    From this org
    $250,011
    From related orgs
    $0
    Other
    $64,003
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $248,070
    Bonus
    $0
    Other
    $1,941
    Deferred
    $20,667
    Nontaxable benefits
    $43,336
    Filer's total
    $314,014

  • ROBERT L MORTIZ PHD

    PROFESSOR

    Total calculated
    $311,485
    From this org
    $272,937
    From related orgs
    $0
    Other
    $38,548
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $270,412
    Bonus
    $0
    Other
    $2,525
    Deferred
    $22,000
    Nontaxable benefits
    $16,548
    Filer's total
    $311,485

  • SUI HUANG MD PHD

    PROFESSOR

    Total calculated
    $283,634
    From this org
    $237,660
    From related orgs
    $0
    Other
    $45,974
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $235,654
    Bonus
    $0
    Other
    $2,006
    Deferred
    $19,200
    Nontaxable benefits
    $26,774
    Filer's total
    $283,634

  • ERIC DEUTSCH

    PRINCIPAL SCIENTIST

    Total calculated
    $232,567
    From this org
    $188,819
    From related orgs
    $0
    Other
    $43,748
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $187,308
    Bonus
    $0
    Other
    $1,511
    Deferred
    $15,600
    Nontaxable benefits
    $28,148
    Filer's total
    $232,567

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PROVIDENCE EXPENSE REIMBURSEMENT PROCEDURES INCLUDE THE FOLLOWING POLICIES: FIRST CLASS TRAVEL OR CHARTER TRAVEL AIR TRAVEL IS GENERALLY REIMBURSABLE AT THE LEAST EXPENSIVE AIRFARE WHICH PERMITS DEPARTURES AND ARRIVALS AT REASONABLE TIMES AND REASONABLE DISTANCE TRAVELED. EMPLOYEES ARE ENCOURAGED TO PLAN IN ADVANCE TO GET AVAILABLE DISCOUNTS. AIRLINE FREQUENT FLYER UPGRADES WILL NEVER BE REIMBURSED. IN LIMITED SITUATIONS, FIRST CLASS TICKETS AND CHARTER MAY BE REIMBURSED WHEN APPROVED BY A SENIOR LEVEL SUPERVISOR. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS - RELOCATION PROVIDENCE FOLLOWS THE FEDERAL AND STATE TAXATION LAWS RELATED TO RELOCATION EXPENSES PAID TO THE EMPLOYEE OR TO A THIRD PARTY ON THE EMPLOYEE'S BEHALF. THEY ARE CONSIDERED TAXABLE WAGES AND ARE REPORTED AS SUCH. BASED ON THE WAY PROVIDENCE HAS CHOSEN TO PAY THE RELOCATION EXPENSES, PROVIDENCE REPORTS REIMBURSEMENTS AND PAYMENTS TO VENDORS AS INCOME AND THESE EXPENSE PAYMENTS ARE REFLECTED ON THE EXECUTIVE'S FORM W-2. PROVIDENCE PROVIDES A GROSS-UP FOR THE RELOCATION BENEFITS, SO THAT A PORTION OF THE REIMBURSEMENT DOES NOT HAVE TO BE USED TO PAY TAXES, AND THIS TAX GROSS-UP IS ALSO REPORTED AS TAXABLE INCOME. THE AMOUNTS REPORTED FOR THESE GROSS-UP PAYMENTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990. TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS - FINANCIAL/RETIREMENT PLANNING PROVIDENCE FOLLOWS THE FEDERAL AND STATE TAXATION LAWS RELATED TO FINANCIAL AND RETIREMENT PLANNING EXPENSES PAID TO THE EMPLOYEE OR TO A THIRD PARTY ON THE EMPLOYEE'S BEHALF. THEY ARE CONSIDERED TAXABLE WAGES AND ARE REPORTED AS SUCH. BASED ON THE WAY PROVIDENCE HAS CHOSEN TO PAY THESE OTHER EXPENSES, PROVIDENCE REPORTS REIMBURSEMENTS AND PAYMENTS TO VENDORS AS INCOME AND THESE EXPENSE PAYMENTS ARE REFLECTED ON THE EXECUTIVE'S FORM W-2. PROVIDENCE PROVIDES A GROSS-UP FOR THIS BENEFIT, SO THAT A PORTION OF THE PAYMENT DOES NOT HAVE TO BE USED TO PAY TAXES, AND THIS TAX GROSS-UP IS ALSO REPORTED AS TAXABLE INCOME. THE AMOUNTS REPORTED FOR THESE GROSS-UP PAYMENTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990. PERSONAL SERVICES PROVIDENCE OFFERS FINANCIAL PLANNING SERVICES AS AN OPTIONAL BENEFIT TO EMPLOYEES AT VICE PRESIDENT LEVEL AND ABOVE. THE AMOUNTS REPORTED FOR THE FINANCIAL PLANNING SERVICES ARE INCLUDED AS TAXABLE INCOME ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990 FOR THE EMPLOYEES WHO PARTICIPATE.
PART I, LINES 4A-B
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING 2023: AMY COMPTON-PHILLIPS, MD - $1,112,800 LEROY HOOD M.D., PHD - $246,763 ENTITIES WITHIN THE PROVIDENCE SYSTEM SPONSOR NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS FOR CERTAIN EXECUTIVES. THE PLANS PROVIDE FOR EMPLOYER CONTRIBUTIONS BASED ON A PERCENTAGE OF EXECUTIVE BASE SALARY AND, DEPENDING ON THE PLAN, ARE SUBJECT TO EITHER A THREE YEAR, AGE 59 1/2 OR A FIVE YEAR, AGE 65 VESTING SCHEDULE. UNTIL THE EXECUTIVE PROVIDES THESE SUBSTANTIAL FUTURE SERVICES, THESE SUPPLEMENTAL RETIREMENT CONTRIBUTIONS ARE AT RISK, AND WILL BE FORFEITED IF THE EXECUTIVE LEAVES THE ORGANIZATION BEFORE REACHING HER OR HIS VESTING DATE. THE SUPPLEMENTAL RETIREMENT CONTRIBUTIONS ARE INCLUDED IN COLUMN (C) AS A NONTAXABLE BENEFIT IN THE YEAR THE CONTRIBUTION IS CREDITED TO THE EXECUTIVE'S ACCOUNT, AND ARE INCLUDED AGAIN ON THE FORM 990 IN COLUMN (B)(III) IF AND WHEN THE AMOUNT BECOMES VESTED IN A FUTURE YEAR, AS THE FORM 990 REQUIRES. THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT DURING THE CURRENT YEAR: WASIF RASHEED - $147,746 ARI ROBICSEK, M.D. - $115,169 LEROY HOOD MD, PHD - $39,340
PART I, LINE 7
NON-FIXED PAYMENTS THE PROVIDENCE EXECUTIVE COMPENSATION COMMITTEE (OF THE BOARD) HAS APPROVED AN EXECUTIVE COMPENSATION PHILOSOPHY THAT CLOSELY TIES AN EXECUTIVE'S COMPENSATION TO PERFORMANCE - BOTH THE PERFORMANCE OF THE ORGANIZATION AND THE PERFORMANCE OF THE EXECUTIVE. THERE IS NO GUARANTEE THAT THIS PART OF A LEADER'S COMPENSATION WILL BE PAID - IF THE PERFORMANCE OF THE ORGANIZATION OR OF THE INDIVIDUAL DOES NOT MEET THE PERFORMANCE STANDARDS FOR PAYMENT, NO PERFORMANCE-BASED PAYMENT IS MADE. THIS APPROACH IS REFLECTED IN PROVIDENCE'S LEADERSHIP ANNUAL INCENTIVE PLAN AND LONG-TERM INCENTIVE PLAN, WHICH ARE PERFORMANCE-BASED ANNUAL INCENTIVE PLANS THAT AFFORD PARTICIPATING EXECUTIVES THE OPPORTUNITY TO EARN "AT RISK" COMPENSATION THROUGH PERFORMANCE AGAINST VERY CHALLENGING GOALS. PAYOUTS WILL BE AWARDED BASED ON GOALS RELATED TO STRATEGIC OBJECTIVES, FISCAL STEWARDSHIP AND QUALITY OF CARE - THESE GOALS ARE SET BEFORE THE YEAR BEGINS AND ARE VERY CHALLENGING. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS AND APPROVES EACH YEAR'S PERFORMANCE GOALS TO MAKE SURE THEY ARE SUFFICIENTLY CHALLENGING, AND TO MAKE SURE THE GOALS ARE DESIGNED TO HELP PROVIDENCE MEET ITS MISSION AND STRATEGIC PURPOSES. EACH YEAR THE PSJH BOARD EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE INCENTIVE PERFORMANCE AND MUST CERTIFY THE ACHIEVEMENT OF PERFORMANCE GOALS BEFORE ANY AWARDS ARE PAID OUT. WHEN REVIEWING AND APPROVING TOTAL COMPENSATION FOR EXECUTIVES, THE EXECUTIVE COMPENSATION COMMITTEE INCLUDES INCENTIVE AWARDS, TO MAKE SURE THAT COMPENSATION IS REASONABLE AND WELL-SUPPORTED BY MARKET DATA. THE COMMITTEE CONSISTS ONLY OF DIRECTORS WHO ARE FREE OF CONFLICTS OF INTEREST, AND THE COMMITTEE RELIES ON MARKET SURVEY DATA GATHERED BY AN INDEPENDENT CONSULTANT. THE COMMITTEE CONDUCTS THIS REVIEW AND APPROVAL PROCESS IN A MANNER THAT IS IN ACCORDANCE WITH IRS REQUIREMENTS FOR COMPENSATION OF TAX-EXEMPT ORGANIZATION LEADERS, AND IN ACCORDANCE WITH THE BEST GOVERNANCE PRACTICES IN THE INDUSTRY.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443169349306404

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