Sanford Burnham Prebys Medical Discovery Institute
- Assets
- $307.3m
- Revenue
- $116.7m
- Investments
- $28.5m
- Employees
- 696
- Location
- La Jolla, CA
- Founding
- 08/1982
- Data as of
- 06/2020
- EIN
- 51-0197108
Organization Overview
Sanford Burnham Prebys Medical Discovery Institute is located in La Jolla, CA. The organization was established in 1982. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Sanford Burnham Prebys Medical Discovery Institute employed 696 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sanford Burnham Prebys Medical Discovery Institute 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 06/2020, Sanford Burnham Prebys Medical Discovery Institute generated $116.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $112.6m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristiina Vuori MD PHD President | OfficerTrustee | 50 | $2,599,463 |
C Randal Mills PHD CEO | OfficerTrustee | 50 | $564,836 |
Garth Powis PHD Center Director | 50 | $464,625 | |
Michael Jackson PHD Drug Discovery & Dev, Sr VP | 50 | $418,564 | |
Carl Ware PHD Center Director, Iidc | 50 | $405,773 | |
Louis Coffman Cao & CFO | Officer | 50 | $390,278 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dpr Construction Construction Srvices | 6/29/21 | $666,044 |
Wilson Sonsini Goodrich Legal Services | 6/29/21 | $377,383 |
Cary Thomas Consulting | 6/29/21 | $224,733 |
Deloitte Touche Llp Audit Services | 6/29/21 | $303,117 |
Fitch Contracting Co Construction Srvices | 6/29/21 | $212,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,963,692 |
| Investment income | $3,446,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $577,664 |
| Net Rental Income | $59,600 |
| Net Gain/Loss on Asset Sales | $9,034,985 |
| Net Income from Fundraising Events | -$132,900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,730,403 |
| Statement of Expenses | |
|---|---|
| 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. | $1,732,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,298,550 |
| Pension plan accruals and contributions | $3,233,587 |
| Other employee benefits | $7,516,566 |
| Payroll taxes | $2,974,657 |
| Fees for services: Management | $1,193,907 |
| Fees for services: Legal | $481,077 |
| Fees for services: Accounting | $348,063 |
| Fees for services: Lobbying | $1,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $628,171 |
| Fees for services: Other | $904,054 |
| Advertising and promotion | $12,502 |
| Office expenses | $5,649,705 |
| Information technology | $1,250,113 |
| Royalties | $0 |
| Occupancy | $10,985,009 |
| Travel | $298,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $928,370 |
| Interest | $1,778,605 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,050,756 |
| Insurance | $184,870 |
| All other expenses | $0 |
| Total functional expenses | $112,647,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,063,493 |
| Savings and temporary cash investments | $3,899 |
| Pledges and grants receivable | $5,921,294 |
| Accounts receivable, net | $416,137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $189,635 |
| Inventories for sale or use | $18,229 |
| Prepaid expenses and deferred charges | $8,256,177 |
| Investments—publicly traded securities | $202,465,901 |
| Investments—other securities | $28,547,360 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $307,274,683 |
| Accounts payable and accrued expenses | $12,191,460 |
| Grants payable | $0 |
| Deferred revenue | $30,022,951 |
| Tax-exempt bond liabilities | $50,935,830 |
| 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 | $93,150,241 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $214,124,442 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Sanford Burnham Prebys Medical Discovery Institute has recieved totaling $2,886,181.
| Awarding Organization | Amount |
|---|---|
National Gift Annuity Foundation Jacksonville, FL PURPOSE: General Support | $555,767 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $513,969 |
The V Foundation Cary, NC PURPOSE: CANCER RESEARCH | $400,000 |
Jdrf International New York, NY PURPOSE: BETA CELL REGENERATION | $330,000 |
Mayo Clinic Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $263,225 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $171,400 |
Endowment Analysis
| Beg. Balance | $19,914,852 |
| Earnings | $4,470,604 |
| Net Contributions | $3,687 |
| Other Expense | $852,702 |
| Ending Balance | $23,536,441 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scripps Research Institute La Jolla, CA | $1,160,188,604 | $537,087,759 |
Sanford Burnham Prebys Medical Discovery Institute La Jolla, CA | $307,274,683 | $116,730,403 |
Gary And Mary West Health Institute La Jolla, CA | $20,819,217 | $21,045,299 |
Alfred E Mann Institute For Biomedical Engineering At The Usc Los Angeles, CA | $265,159,414 | $78,284,269 |
Fogarty Institute For Innovation Mountain View, CA | $12,713,454 | $3,362,432 |
Sens Foundation Inc Mountain View, CA | $3,998,305 | $4,002,442 |
Southern California Institute For Research And Education Long Beach, CA | $7,387,710 | $3,555,949 |
Brentwood Biomedical Research Institute Institute Inc Los Angeles, CA | $0 | $493,229 |
Applied Biomedical Science Institute San Diego, CA | $1,308,035 | $2,682,413 |
Agouron Institute Pasadena, CA | $18,754,799 | $1,205,799 |
Beckman Laser Institute Inc Irvine, CA | $7,260,993 | $551,556 |
Biomedical Research Foundation Of Southern Arizona Tucson, AZ | $586,510 | $271,565 |