Sanford Consortium For Regenerative Medicine
- Assets
- $87.3m
- Revenue
- $8.2m
- Investments
- $4.7m
- Employees
- 2
- Location
- La Jolla, CA
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 20-8009370
Organization Overview
Sanford Consortium For Regenerative Medicine is located in La Jolla, CA. The organization was established in 2007. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. As of 12/2022, Sanford Consortium For Regenerative Medicine employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sanford Consortium For Regenerative Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sanford Consortium For Regenerative Medicine generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $8.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
IN 2022, 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis R Coffman Vice President & COO | Officer | 40 | $319,500 |
Edward Holmes President & Director | OfficerTrustee | 20 | $44,623 |
Richard Atkinson Director | Trustee | 1 | $0 |
David Brenner Director | Trustee | 1 | $0 |
Malin Burnham Board Chair | Trustee | 1 | $0 |
Fred Gage Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Facility Services Partners Inc Facilities Management | 12/30/22 | $596,097 |
Lockton Insurance Brokers Insurance Services | 12/30/22 | $216,243 |
Securitas Security Services Usa Inc Security Service | 12/30/22 | $182,715 |
Ao Reed & Co Inc Mechanical And Plumbing Services | 12/30/22 | $115,851 |
Sequoia Janitorial Services | 12/30/22 | $319,487 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210 |
| Total Program Service Revenue | $8,187,768 |
| Investment income | $2,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,213,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $387,916 |
| Compensation of current officers, directors, key employees. | $221,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,805 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $601,794 |
| Fees for services: Legal | $303 |
| Fees for services: Accounting | $40,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $110,978 |
| Information technology | $42,536 |
| Royalties | $0 |
| Occupancy | $1,900,085 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $538 |
| Interest | $1,091,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,870,563 |
| Insurance | $193,228 |
| All other expenses | $27,993 |
| Total functional expenses | $8,504,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,281,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $229,188 |
| Net Land, buildings, and equipment | $80,693,977 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,711,664 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,301,636 |
| Accounts payable and accrued expenses | $748,934 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $49,118,825 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,867,759 |
| Net assets without donor restrictions | $37,433,877 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $87,301,636 |