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← LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION AT HARBOR-UCLA MEDICAL

Form 990 for tax year 2022

Filed by LUNDQUIST INSTITUTE FOR BIOMEDICAL INNOVATION AT HARBOR-UCLA MEDICAL.

Totals

Total revenue
$91,625,062
Total expenses
$99,189,062
Contributions and grants received
$83,433,111
Grants paid
$515,624
Program service revenue
$4,686,360
Investment income
$1,450,057
Other revenue
$2,055,534
Total assets, end of year
$169,678,000
Total liabilities, end of year
$87,838,000
Net assets or fund balances, end of year
$81,840,000
Program services expenses (Part IX)
$67,135,000
Management and general expenses
$30,669,368
Fundraising expenses
$1,384,694
Program service expenses (Part III)
$67,135,000

Program services were 67.7% 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)

    $75,493,000

  • 1f · All other contributions, gifts and grants

    $7,940,111

  • 2a · Program service revenue: CLINICAL BILLINGS

    total $4,229,415 · related or exempt $4,229,415

  • 2b · Program service revenue: BIOMEDICAL SERVICES

    total $456,945 · related or exempt $456,945

  • 3 · Investment income

    total $1,351,057 · excluded $1,351,057

  • 5 · Royalties

    total $1,823,000 · excluded $1,823,000

  • 6a · Gross rents

    real property $290,579

  • 6b · Less rental expenses

    real property $36,739

  • 6c · Rental income or loss

    real property $253,840

  • 6d · Net rental income or loss

    total $253,840 · excluded $253,840

  • 7a · Gross sales of assets other than inventory

    securities $4,063,000

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

    securities $3,964,000

  • 7c · Gain or loss

    securities $99,000

  • 7d · Net gain or loss

    total $99,000 · excluded $99,000

  • 8a · Fundraising events: gross income

    $11,000

  • 8b · Fundraising events: direct expenses

    $32,306

  • 8c · Net income from fundraising events

    total -$21,306 · excluded -$21,306

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $515,624 · program services $515,624

  • 5 · Compensation of officers, directors and key employees

    total $3,099,340 · program services $1,859,603 · management and general $1,239,737

  • 7 · Other salaries and wages

    total $42,397,289 · program services $33,963,175 · management and general $7,738,114 · fundraising $696,000

  • 9 · Other employee benefits

    total $8,869,837 · program services $6,655,444 · management and general $2,047,629 · fundraising $166,764

  • 10 · Payroll taxes

    total $3,132,126 · program services $2,345,466 · management and general $728,361 · fundraising $58,299

  • 11b · Fees: legal

    total $577,025 · program services $57,000 · management and general $520,025

  • 11c · Fees: accounting

    total $156,975 · management and general $156,975

  • 11d · Fees: lobbying

    total $90,000 · program services $90,000

  • 11f · Fees: investment management

    total $119,107 · management and general $119,107

  • 11g · Fees: other

    total $737,000 · program services $576,000 · management and general $161,000

  • 13 · Office expenses

    total $611,000 · management and general $611,000

  • 15 · Royalties

    total $309,000 · program services $309,000

  • 16 · Occupancy

    total $8,248,261 · program services $3,554,000 · management and general $4,685,261 · fundraising $9,000

  • 17 · Travel

    total $1,657,000 · program services $1,444,000 · management and general $164,000 · fundraising $49,000

  • 20 · Interest

    total $2,409,000 · management and general $2,409,000

  • 22 · Depreciation, depletion and amortization

    total $6,466,000 · management and general $6,466,000

  • 23 · Insurance

    total $1,524,408 · program services $734,312 · management and general $782,159 · fundraising $7,937

  • 24a · Other expenses: SUPPLIES AND SERVICES

    total $13,231,694 · program services $10,180,000 · management and general $2,654,000 · fundraising $397,694

  • 24b · Other expenses: SUBCONTRACTS

    total $3,935,376 · program services $3,935,376

  • 24c · Other expenses: FELLOWSHIPS

    total $758,000 · program services $571,000 · management and general $187,000

  • 24d · Other expenses: RESEARCH SUBJECTS

    total $333,000 · program services $333,000

  • 24e · All other expenses

    total $12,000 · program services $12,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,681,522 · end of year $4,747,845

  • 2 · Savings and temporary cash investments

    beginning of year $33,015,478 · end of year $16,097,155

  • 3 · Pledges and grants receivable

    beginning of year $16,295,000 · end of year $20,368,000

  • 7 · Other notes and loans receivable

    end of year $275,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $845,000 · end of year $619,000

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

    $168,681,751

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

    $82,606,000

  • 10c · Land, buildings and equipment, net

    beginning of year $87,341,751 · end of year $86,075,751

  • 11 · Investments: publicly traded securities

    beginning of year $31,479,000 · end of year $31,828,000

  • 14 · Intangible assets

    beginning of year $5,249 · end of year $5,249

  • 15 · Other assets

    beginning of year $5,683,000 · end of year $9,662,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,141,000 · end of year $11,991,000

  • 19 · Deferred revenue

    beginning of year $12,797,000 · end of year $14,120,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $53,168,314 · end of year $52,108,000

  • 23 · Secured mortgages and notes payable

    beginning of year $14,863,686

  • 25 · Other liabilities

    beginning of year $5,312,000 · end of year $9,619,000

  • 27 · Net assets without donor restrictions

    beginning of year $74,584,000 · end of year $66,166,000

  • 28 · Net assets with donor restrictions

    beginning of year $12,480,000 · end of year $15,674,000

Mission and programs · 2022

Mission

TO ENGAGE IN BIOMEDICAL RESEARCH, TRAIN YOUNG SCIENTISTS, AND PROVIDE COMMUNITY HEALTH SERVICES.

Activities or mission (Part I)

TO ENGAGE IN BIOMEDICAL RESEARCH, EDUCATE, AND PROVIDE COMMUNITY HEALTH SERVICES.

  • MEDICAL RESEARCH: MEDICAL RESEARCH, SPONSORED BY THE NATIONAL INSTITUTES OF HEALTH AND OTHER FEDERAL, STATE AND PRIVATE AGENCIES, COVERING MANY DIVERSE MEDICAL AND SCIENTIFIC AREAS OF INTEREST IN HUMAN HEALTH.

    Expenses $39,472,000 · Grants $515,624

  • HEALTH CARE PROGRAM: LUNDQUIST INSTITUTE CLINICAL OUTREACH INCLUDES WOMEN, INFANTS AND CHILDREN (WIC) CLINICS, PARTICIPATION IN THE SOUTH LOS ANGELES BEST BABIES COLLABORATIVE, IMMUNIZE LA KIDS COALITION, NEWBORN SCREENING PROGRAM, PERINATAL ACCESS PROGRAM, A WOMEN'S HEALTHCARE CLINIC, AND VARIOUS EDUCATIONAL PROGRAMS.

    Expenses $15,241,000 · Revenue $4,229,415

  • SCIENCE & TECHNOLOGY: TRAINING OF MEDICAL STUDENTS, INTERNS, RESIDENTS, AND POST GRADUATES.

    Expenses $9,283,000

  • OTHER PROGRAM SERVICES: INCLUDES SALES OF BIOMEDICAL SERVICES AND PRODUCTS AND ROYALTY PAYMENTS TO INVENTORS.

    Expenses $3,139,000 · Revenue $456,945

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

Listed in Part VII

  • RICARDO AZZIZ

    EVP/OPERATIONS/STRATEGY/SCI. AFFAIRS

    Total calculated
    $669,982
    From this org
    $643,436
    From related orgs
    $0
    Other
    $26,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $601,013
    Bonus
    $42,423
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,546
    Filer's total
    $669,982

  • DAVID MEYER

    PRESIDENT & CEO

    Total calculated
    $661,815
    From this org
    $661,105
    From related orgs
    $0
    Other
    $710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $499,517
    Bonus
    $161,588
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $710
    Filer's total
    $661,815

  • ASHRAF IBRAHIM

    INVESTIGATOR

    Total calculated
    $468,504
    From this org
    $440,446
    From related orgs
    $0
    Other
    $28,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $440,446
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,058
    Filer's total
    $468,504

  • WEI YAN

    INVESTIGATOR

    Total calculated
    $344,659
    From this org
    $333,735
    From related orgs
    $0
    Other
    $10,924
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,735
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,924
    Filer's total
    $344,659

  • MATTHEW BUDOFF

    INVESTIGATOR

    Total calculated
    $303,708
    From this org
    $275,790
    From related orgs
    $0
    Other
    $27,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,790
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,918
    Filer's total
    $303,708

  • JODY SPILLANE

    SVP, PUBLIC AFFAIRS

    Total calculated
    $295,449
    From this org
    $294,603
    From related orgs
    $0
    Other
    $846
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,603
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $846
    Filer's total
    $295,449

  • ROSEMARY MADNICK

    VP, RESEARCH ADMINISTRATION

    Total calculated
    $267,002
    From this org
    $234,217
    From related orgs
    $0
    Other
    $32,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,217
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,785
    Filer's total
    $267,002

  • KAREN MAYO

    VP, SUPPORT OPERATIONS

    Total calculated
    $245,120
    From this org
    $221,321
    From related orgs
    $0
    Other
    $23,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,321
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,799
    Filer's total
    $245,120

  • MICHAEL YEAMAN

    INVESTIGATOR

    Total calculated
    $230,398
    From this org
    $230,398
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,398
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $230,398

  • MS LYNDA POLGREEN

    BOARD MEMBER/INVESTIGATOR

    Total calculated
    $216,022
    From this org
    $215,218
    From related orgs
    $0
    Other
    $804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,218
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $804
    Filer's total
    $216,022

  • YAN XIONG

    INVESTIGATOR

    Total calculated
    $213,788
    From this org
    $213,788
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,788
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $213,788

  • JOHN MUNZ

    VP, HUMAN RESOURCES

    Total calculated
    $201,844
    From this org
    $200,731
    From related orgs
    $0
    Other
    $1,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,731
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,113
    Filer's total
    $201,844

  • DR HARRY ROSSITER

    BOARD MEMBER/INVESTIGATOR

    Total calculated
    $173,119
    From this org
    $172,475
    From related orgs
    $0
    Other
    $644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,475
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $644
    Filer's total
    $173,119

  • MICHAEL JONES

    SVP & CFO

    Total calculated
    $115,759
    From this org
    $106,504
    From related orgs
    $0
    Other
    $9,255
    Hours/week
    40

  • DR ERIC DAAR

    BOARD MEMBER/INVESTIGATOR/VICE CHAIR

    Total calculated
    $108,109
    From this org
    $108,109
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DR LYNNE SMITH

    SECRETARY/BOARD MEMBER/INVESTIGATOR

    Total calculated
    $88,249
    From this org
    $88,249
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DR DELPHINE LEE

    BOARD MEMBER/INVESTIGATOR

    Total calculated
    $19,756
    From this org
    $19,756
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • DR MITCHEL SAYARE

    BOARD CHAIR, CHAIR - EXECUTIVE

    Total calculated
    $0
    Hours/week
    2

  • MR PAUL KUC

    CHAIR - FINANCE, TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MR SAM GLICK

    CHAIR - ADVANCEMENT, VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MR STEVEN NISSEN

    CHAIR - GOVERNANCE & NOMINATIONS

    Total calculated
    $0
    Hours/week
    2

  • MS LAURA SURVANT

    CHAIR - EXECUTIVE COMPENSATION

    Total calculated
    $0
    Hours/week
    2

  • MR JOSEPH BERENATO

    CHAIR - AUDIT/RISK MANAGEMENT

    Total calculated
    $0
    Hours/week
    2

  • MR H FREDERICK CHRISTIE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR CHRISTIAN DEVIRGILIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR CARL DICKERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR DAVID HEBER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR NATE KIRTMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR TOM ANASTASSIOU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR CHRISTOPHER LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR RICHARD LUNDQUIST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR ANISH MAHAJAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MR DANIEL ROSENFELD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR SAMUEL TARICA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR JOSEPH THOMAS

    BOARD MEMBER/INVESTIGATOR

    Total calculated
    $0
    Hours/week
    2

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202411359349313851

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