Form 990 for tax year 2024
Filed by SANFORD CONSORTIUM FOR REGENERATIVE MEDICINE.
Totals
- Total revenue
- $9,953,170
- Total expenses
- $9,089,470
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $9,817,679
- Investment income
- $108,280
- Other revenue
- $27,211
- Total assets, end of year
- $83,433,394
- Total liabilities, end of year
- $45,010,375
- Net assets or fund balances, end of year
- $38,423,019
- Program services expenses (Part IX)
- $8,340,302
- Management and general expenses
- $749,168
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,340,302
Program services were 91.8% 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: LICENSE FEES
total $8,817,007 · related or exempt $8,817,007
-
2b · Program service revenue: CONTRACT RESEARCH
total $732,849 · related or exempt $732,849
-
2c · Program service revenue: MISC/RENTAL RELATED OT
total $267,823 · related or exempt $254,310 · excluded $13,513
-
3 · Investment income
total $108,280 · excluded $108,280
-
11a · Other revenue: PARKING REVENUE
total $27,211 · unrelated business $27,211
-
11e · Other revenue, total
$27,211
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $397,216 · program services $170,803 · management and general $226,413
-
7 · Other salaries and wages
total $16,674 · program services $7,170 · management and general $9,504
-
11a · Fees: management
total $619,891 · program services $619,891
-
11b · Fees: legal
total $39,309 · management and general $39,309
-
11c · Fees: accounting
total $45,205 · management and general $45,205
-
13 · Office expenses
total $120,357 · management and general $120,357
-
14 · Information technology
total $58,574 · management and general $58,574
-
16 · Occupancy
total $2,599,648 · program services $2,599,648
-
19 · Conferences, conventions and meetings
total $18,115 · program services $18,115
-
20 · Interest
total $1,010,004 · program services $1,010,004
-
22 · Depreciation, depletion and amortization
total $3,114,227 · program services $3,114,227
-
23 · Insurance
total $226,713 · management and general $226,713
-
24a · Other expenses: SCIENCE SUPPORT
total $424,625 · program services $424,625
-
24b · Other expenses: BUILDING SUPPORT
total $358,396 · program services $358,396
-
24c · Other expenses: OPERATIONAL & FINANCIAL
total $11,100 · program services $4,773 · management and general $6,327
-
24e · All other expenses
total $29,416 · program services $12,650 · management and general $16,766
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,053,255 · end of year $979,464
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $1,326,823
-
4 · Accounts receivable
beginning of year $169,166 · end of year $36,354
-
9 · Prepaid expenses and deferred charges
beginning of year $169,310 · end of year $183,429
-
10a · Land, buildings and equipment: cost or other basis
$127,191,220
-
10b · Land, buildings and equipment: accumulated depreciation
$50,894,560
-
10c · Land, buildings and equipment, net
beginning of year $78,415,337 · end of year $76,296,660
-
12 · Investments: other securities
beginning of year $5,165,092 · end of year $4,610,664
-
17 · Accounts payable and accrued expenses
beginning of year $1,439,341 · end of year $1,196,960
-
20 · Tax-exempt bond liabilities
beginning of year $46,487,237 · end of year $43,813,415
-
27 · Net assets without donor restrictions
beginning of year $37,045,582 · end of year $38,423,019
Mission and programs · 2024
Mission
THE SANFORD CONSORTIUM IS A COLLABORATION AMONG FIVE PREEMINENT LIFE SCIENCE RESEARCH INSTITUTIONS FORMED TO ENABLE RENOWNED SCIENTISTS WITH EXPERTISE IN STEM CELL AND REGENERATIVE MEDICINE RESEARCH TO COLLABORATE TO SEEK TRANSFORMATIVE DISCOVERIES AND BREAKTHROUGH MEDICAL ADVANCES.
Activities or mission (Part I)
TO FACILITATE INTER-ORGANIZATIONAL, COLLABORATIVE STEM CELL AND OTHER BIOMEDICAL RESEARCH AMONG SCIENTISTS EMPLOYED BY SUPPORTED ORGANIZATIONS INCLUDING, LA JOLLA INSTITUTE FOR IMMUNOLOGY, SALK INSTITUTE FOR BIOLOGICAL STUDIES, SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE, SCRIPPS RESEARCH AND THE UNIVERSITY OF CALIFORNIA, SAN DIEGO.
-
IN 2024, SCIENTISTS FROM THE SANFORD CONSORTIUM'S FIVE MEMBER INSTITUTIONS - LA JOLLA INSTITUTE FOR ALLERGY AND IMMUNOLOGY, SALK INSTITUTE FOR BIOLOGICAL STUDIES, SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSTITUTE, SCRIPPS RESEARCH, AND THE UNIVERSITY OF CALIFORNIA, SAN DIEGO - CONTINUED RESEARCH INTO HARNESSING THE REGENERATIVE POWERS OF STEM CELLS TO DISCOVER TREATMENTS AND CURES FOR MANY OF THE WORLD'S MOST CHALLENGING DISEASES, INCLUDING ALZHEIMER'S DISEASE, CANCER, DIABETES, HEART DISEASE, PARKINSON'S DISEASE, AND SPINAL CORD INJURIES. PUBLISHED RESEARCH BY CONSORTIUM SCIENTISTS ADVANCED THE BASE OF KNOWLEDGE AVAILABLE TO THE INTERNATIONAL COMMUNITY OF STEM CELL RESEARCHERS.
Expenses $8,340,302 · Revenue $9,804,166
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Louis R CoffmanLOUIS R COFFMAN
VICE PRESIDENT & COO
- Total calculated
- $324,869
- From this org
- $317,750
- From related orgs
- $0
- Other
- $7,119
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $317,750
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,119
- Filer's total
- $324,869
-
Edward HolmesEDWARD HOLMES
PRESIDENT & CEO
- Total calculated
- $72,347
- From this org
- $46,440
- From related orgs
- $0
- Other
- $25,907
- Hours/week
- 20
-
Malin BurnhamMALIN BURNHAM
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
T Denny SanfordT DENNY SANFORD
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kim WitmerKIM WITMER
VICE PRESIDENT & CFO
- Total calculated
- $0
- Hours/week
- 1
-
Robin SamitROBIN SAMIT
VICE PRESIDENT & SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
David BrennerDAVID BRENNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erica Ollmann SaphireERICA OLLMANN SAPHIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fred GageFRED GAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon CarethersJON CARETHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pradep KhoslaPRADEP KHOSLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard AtkinsonRICHARD ATKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard HeymanRICHARD HEYMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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 · 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542189349300539
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