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Nonprofiteer
← GATES MEDICAL RESEARCH INSTITUTE

Form 990 for tax year 2023

Filed by GATES MEDICAL RESEARCH INSTITUTE.

Totals

Total revenue
$809,459,647
Total expenses
$189,613,154
Contributions and grants received
$809,272,816
Grants paid
$0
Program service revenue
$0
Investment income
$183,048
Other revenue
$3,783
Total assets, end of year
$816,974,806
Total liabilities, end of year
$61,971,358
Net assets or fund balances, end of year
$755,003,448
Program services expenses (Part IX)
$172,497,260
Management and general expenses
$17,115,894
Fundraising expenses
$0
Program service expenses (Part III)
$172,497,260

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TREVOR MUNDEL

    DIRECTOR, BOARD CHAIR

    Total calculated
    $1,425,164
    From this org
    $0
    From related orgs
    $1,349,206
    Other
    $75,958
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,283,631 related
    Bonus
    $0
    Other
    $0 + $65,575 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $26,458 related
    Filer's total
    $0 + $1,425,164 related

  • CAROLYN AINSLIE

    DIRECTOR

    Total calculated
    $1,055,423
    From this org
    $0
    From related orgs
    $976,547
    Other
    $78,876
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $896,318 related
    Bonus
    $0
    Other
    $0 + $80,229 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $29,376 related
    Filer's total
    $0 + $1,055,423 related

  • TONI HOOVER

    DIRECTOR

    Total calculated
    $666,113
    From this org
    $0
    From related orgs
    $588,080
    Other
    $78,033
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $566,730 related
    Bonus
    $0
    Other
    $0 + $21,350 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $28,533 related
    Filer's total
    $0 + $666,113 related

  • GAGANDEEP KANG

    DIRECTOR (START 10/18/2023)

    Total calculated
    $487,832
    From this org
    $0
    From related orgs
    $427,636
    Other
    $60,196
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,500 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $58,136 related
    Deferred
    $0 + $49,500 related
    Nontaxable benefits
    $0 + $10,696 related
    Filer's total
    $0 + $487,832 related

  • HELENE MADONICK

    DIRECTOR

    Total calculated
    $983
    From this org
    $0
    From related orgs
    $983
    Other
    $0
    Hours/week
    2

  • EMILIO EMINI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $899,780
    From this org
    $825,711
    From related orgs
    $0
    Other
    $74,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $779,356
    Bonus
    $0
    Other
    $46,355
    Deferred
    $49,500
    Nontaxable benefits
    $24,569
    Filer's total
    $899,780

  • MAHENDRA PATTNI

    TREASURER (END 11/28/2023)

    Total calculated
    $624,502
    From this org
    $535,156
    From related orgs
    $0
    Other
    $89,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $499,374
    Bonus
    $0
    Other
    $35,782
    Deferred
    $49,500
    Nontaxable benefits
    $39,846
    Filer's total
    $624,502

  • SALLY JENNINGS

    SECRETARY

    Total calculated
    $508,609
    From this org
    $426,910
    From related orgs
    $0
    Other
    $81,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $412,764
    Bonus
    $0
    Other
    $14,146
    Deferred
    $49,500
    Nontaxable benefits
    $32,199
    Filer's total
    $508,609

  • HARISH KAUSHAL

    TREASURER (START 11/28/2023)

    Total calculated
    $150,815
    From this org
    $127,240
    From related orgs
    $0
    Other
    $23,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $61,154
    Bonus
    $65,000
    Other
    $1,086
    Deferred
    $18,923
    Nontaxable benefits
    $4,652
    Filer's total
    $150,815

  • MICHAEL DUNNE

    CHIEF MEDICAL OFFICER, HEAD OF DEVELOPMENT

    Total calculated
    $855,608
    From this org
    $763,134
    From related orgs
    $0
    Other
    $92,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $730,405
    Bonus
    $0
    Other
    $32,729
    Deferred
    $49,500
    Nontaxable benefits
    $42,974
    Filer's total
    $855,608

  • DEBRA WEISS

    CHIEF OPERATING OFFICER

    Total calculated
    $707,190
    From this org
    $629,417
    From related orgs
    $0
    Other
    $77,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $597,828
    Bonus
    $0
    Other
    $31,589
    Deferred
    $49,500
    Nontaxable benefits
    $28,273
    Filer's total
    $707,190

  • PIPER TRELSTAD

    HEAD OF CHEMISTRY, MANUFACTURING & CONTROLS

    Total calculated
    $678,416
    From this org
    $589,718
    From related orgs
    $0
    Other
    $88,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $489,541
    Bonus
    $60,000
    Other
    $40,177
    Deferred
    $49,500
    Nontaxable benefits
    $39,198
    Filer's total
    $678,416

  • JARED SILVERMAN

    HEAD OF TRANSLATIONAL DISCOVERY

    Total calculated
    $600,286
    From this org
    $509,658
    From related orgs
    $0
    Other
    $90,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $488,601
    Bonus
    $0
    Other
    $21,057
    Deferred
    $49,500
    Nontaxable benefits
    $41,128
    Filer's total
    $600,286

  • JAMES HULEATT

    BIOASSAY DEVELOPMENT LEAD

    Total calculated
    $582,693
    From this org
    $497,303
    From related orgs
    $0
    Other
    $85,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,817
    Bonus
    $60,000
    Other
    $153,486
    Deferred
    $49,500
    Nontaxable benefits
    $35,890
    Filer's total
    $582,693

  • CHARLES WELLS

    HEAD OF THERAPEUTICS DEVELOPMENT

    Total calculated
    $572,220
    From this org
    $496,164
    From related orgs
    $0
    Other
    $76,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $464,160
    Bonus
    $0
    Other
    $32,004
    Deferred
    $49,500
    Nontaxable benefits
    $26,556
    Filer's total
    $572,220

  • ALEXANDER SCHMIDT

    HEAD OF VACCINE DEVELOPMENT

    Total calculated
    $569,717
    From this org
    $479,216
    From related orgs
    $0
    Other
    $90,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $465,573
    Bonus
    $0
    Other
    $13,643
    Deferred
    $49,500
    Nontaxable benefits
    $41,001
    Filer's total
    $569,717

  • MARLA CURRAN

    HEAD OF BIOSTATISTICS & DATA SCIENCE

    Total calculated
    $553,880
    From this org
    $462,582
    From related orgs
    $0
    Other
    $91,298
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $454,361
    Bonus
    $207
    Other
    $8,014
    Deferred
    $49,500
    Nontaxable benefits
    $41,798
    Filer's total
    $553,880

  • LUISA STAMM

    CLINICAL DEVELOPMENT LEADER

    Total calculated
    $549,647
    From this org
    $463,616
    From related orgs
    $0
    Other
    $86,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,241
    Bonus
    $85,154
    Other
    $5,221
    Deferred
    $49,500
    Nontaxable benefits
    $36,531
    Filer's total
    $549,647

  • TARYN ROGALSKI-SALTER

    HEAD OF GLOBAL REGULATORY STRATEGY

    Total calculated
    $399,661
    From this org
    $351,238
    From related orgs
    $0
    Other
    $48,423
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $331,870
    Bonus
    $0
    Other
    $19,368
    Deferred
    $33,941
    Nontaxable benefits
    $14,482
    Filer's total
    $399,661

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

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE TRAVEL POLICY, APPLICABLE TO ALL EMPLOYEES, ALLOWS FOR FIRST-CLASS AIR TRAVEL ON DOMESTIC RED-EYE FLIGHTS DEPARTING AFTER 9:00 PM THAT EXCEED FIVE HOURS IN DURATION. RELOCATION PACKAGES ARE GENERALLY PROVIDED TO NEW EMPLOYEES WHO RESIDE MORE THAN 50 MILES OUTSIDE OF CAMBRIDGE, MASSACHUSSETTS. THE ORGANIZATION GROSSES UP TAXABLE RELOCATION BENEFITS AND NOMINAL SPOT AWARDS FOR EXEMPLARY PERFORMANCE.
PART I, LINE 7:
ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE HIGH IMPACT BONUSES, ANNUALLY. THESE BONUSES ARE DISCRETIONARY TO BE PAID BASED ON PREDETERMINED FIXED AMOUNTS (BETWEEN $2,500 AND $10,000) AND THE TOTAL AMOUNT PAID IS DETERMINED BASED ON PERFORMANCE AND THE IMPACT ON THE ORGANIZATION.
PART VII, SECTION A, LINE 1:
TOTAL ANNUAL COMPENSATION IS REPORTED FOR ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES REGARDLESS OF THE LENGTH OF TIME ACTIVELY SERVING AS A DIRECTOR, OFFICER, OR KEY EMPLOYEE OF GATES MEDICAL RESEARCH INSTITUTE DURING 2023.

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
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349310845

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