Path Vaccine Solutions is located in Seattle, WA. The organization was established in 2006. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. Path Vaccine Solutions 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 08/2020, Path Vaccine Solutions generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.5%) each year. All expenses for the organization totaled $7.0m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (24.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Path Vaccine Solutions has awarded 119 individual grants totaling $126,405,314. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, PVS CONTINUED OUR FIGHT AGAINST DIARRHEAL DISEASES, THE SECOND-LEADING CAUSE OF DEATH AMONG CHILDREN IN LOW-INCOME COUNTRIES. TO COMBAT ROTAVIRUS, A MAJOR CAUSE OF SEVERE DIARRHEA, WE CONTINUED CLINICAL DEVELOPMENT OF A NONREPLICATING ROTAVIRUS VACCINE CANDIDATE. THE PHASE 3 EFFICACY STUDY THAT BEGAN IN LATE 2019 WAS PAUSED THROUGHOUT 2020 DUE TO THE COVID-19 PANDEMIC IN ORDER TO BEST PROTECT THE HEALTH AND SAFETY OF PARTICIPATING INFANTS AND THEIR FAMILIES. PREPARATORY ACTIVITIES CONTINUED AT THE THREE CLINICAL SITES IN AFRICA THROUGHOUT THE YEAR TO ENSURE READINESS TO RESTART THE TRIAL ONCE CONDITIONS ALLOW. (CONTINUED ON SCHEDULE O).THIS VACCINE CANDIDATE IS ADMINISTERED AS AN INTRAMUSCULAR INJECTION AND COULD POTENTIALLY OVERCOME THE LOWER EFFICACY LEVELS SEEN IN LOW-RESOURCE SETTINGS FOR ORAL, LIVE ATTENUATED ROTAVIRUS VACCINES. IN ADDITION, PVS CONTINUED CONDUCTING A CASE-CONTROL STUDY IN INDIA TO EVALUATE THE EFFECTIVENESS OF SERUM INSTITUTE OF INDIA PVT. LTD.'S (SIIPL'S) LICENSED ROTAVIRUS VACCINE, ROTASIIL. THE STUDY WAS PAUSED FROM LATE MARCH 2020 TO LATE NOVEMBER 2020 DUE TO THE COVID-19 PANDEMIC.PVS CONTINUED TO SUPPORT CLINICAL TRIALS AND RESEARCH ON VACCINE CANDIDATES THAT MAY PROVIDE PROTECTION AGAINST ENTEROTOXIGENIC ESCHERICHIA COLI (ETEC) AND SHIGELLA, THE LEADING BACTERIAL CAUSES OF DIARRHEAL ILLNESS. CURRENTLY, THERE ARE NO LICENSED VACCINES AGAINST EITHER PATHOGEN. IN 2020, OUR WORK INCLUDED COMPLETING THE SUBMISSION OF RESULTS FROM A PHASE 1 TRIAL OF AN INJECTABLE, SUBUNIT ETEC VACCINE CANDIDATE TO THE US FOOD AND DRUG ADMINISTRATION. PVS ALSO PARTIALLY SUPPORTED THE FINAL DATA ANALYSIS FOR A PHASE 2B EFFICACY STUDY OF AN ORAL ETEC VACCINE CANDIDATE IN FINNISH TRAVELERS TO BENIN, REPORTING RESULTS IN MARCH 2020.ACHIEVING WORLD HEALTH ORGANIZATION PREQUALIFICATION IN 2019 FOR PNEUMOSIL (A LOW-COST PNEUMOCOCCAL CONJUGATE VACCINE [PCV] DEVELOPED BY PVS AND SIIPL) TRIGGERED A UNICEF AND SIIPL SUPPLY AGREEMENT IN 2020, WHICH AT $2.00 PER DOSE WAS MORE THAN 30 PERCENT LESS EXPENSIVE THAN OTHER PCVS, IMPROVING AFFORDABILITY FOR LOW- AND MIDDLE-INCOME COUNTRIES. IN ADDITION, PNEUMOSIL RECEIVED MARKET AUTHORIZATION IN INDIA, AND A PHASE 3 CLINICAL TRIAL OF PNEUMOSIL IN THE GAMBIA ALSO PROGRESSED.PVS ADDED TO THE RESPIRATORY SYNCYTIAL VIRUS (RSV) MATERNAL IMMUNIZATION KNOWLEDGE BASE IN 2020. WE PUBLISHED SEVERAL ARTICLES ABOUT THE ECONOMIC IMPACT IN LOW-INCOME COUNTRIES OF RSV AND OTHER ACUTE RESPIRATORY INFECTIONS AMONG INFANTS, AS WELL AS A MODELING EXERCISE ON THE IMPACT OF A HYPOTHETICAL MATERNAL RSV VACCINE IN PROTECTING INFANTS IN COUNTRIES SUPPORTED BY GAVI, THE VACCINE ALLIANCE.PVS ALSO CONTRIBUTED AN ARTICLE ON ANTENATAL CARE TIMING, WHICH COULD INFORM MATERNAL VACCINE COVERAGE, AND A STATE-OF-THE-ART REVIEW ON THE MATERNAL IMMUNIZATION LANDSCAPE. ADDITIONALLY, WE UPDATED OUR RSV VACCINE AND MONOCLONAL ANTIBODY SNAPSHOT (WHICH PROVIDES AN OVERVIEW OF THE INTERVENTION PRODUCT LANDSCAPE) AND TRIAL TRACKER (WHICH PROVIDES INFORMATION ON RELATED CLINICAL TRIALS).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steven B Davis Resigned 12020 Chair And President | OfficerTrustee | 1 | $0 |
Nikolaj J Gilbert Chair And President | OfficerTrustee | 1 | $0 |
David C Kaslow Vice Chair | OfficerTrustee | 1 | $0 |
Brian N Neville Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Jerry Kuo Director | Trustee | 1 | $0 |
Elaine Gibbons Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $46,272 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,781,393 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,827,665 |
Total Program Service Revenue | $0 |
Investment income | $975,772 |
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 | $4,835,308 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,698,344 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $101,098 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $46,666 |
Fees for services: Other | $8,291 |
Advertising and promotion | $0 |
Office expenses | $24,194 |
Information technology | $513 |
Royalties | $0 |
Occupancy | $35 |
Travel | $2,827 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $638 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,550 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $6,982,174 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $0 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
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 | $0 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $0 |
Over the last fiscal year, Path Vaccine Solutions has awarded $4,698,344 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
Seattle, WA PURPOSE: ESSENTIAL MEDICINE | $4,386,562 |
New Orleans, LA PURPOSE: ESSENTIAL MEDICINE | $169,642 |
New York, NY PURPOSE: ESSENTIAL MEDICINE | $82,591 |
Bethesda, MD PURPOSE: ESSENTIAL MEDICINE | $40,283 |
WALTER REED ARMY INSTITUTE OF RESEARCH PURPOSE: ESSENTIAL MEDICINE | $19,266 |
Over the last fiscal year, we have identified 9 grants that Path Vaccine Solutions has recieved totaling $7,161,003.
Awarding Organization | Amount |
---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: PNEUMONIA | $4,000,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: PNEUMONIA | $1,500,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: DISCOVERY AND TRANSLATIONAL SCIENCES; HIV; MALARIA; MNCH DISCOVERY AND TOOLS; PNEUMONIA; TUBERCULOSIS | $500,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: ENTERIC AND DIARRHEAL DISEASES | $443,525 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: ENTERIC AND DIARRHEAL DISEASES | $200,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: PNEUMONIA | $175,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Smith-Kettlewell Eye Research Institute San Francisco, CA | $25,353,101 | $5,636,867 |
Path Vaccine Solutions Seattle, WA | $0 | $4,835,308 |
That Man May See Inc San Francisco, CA | $9,979,587 | $4,014,522 |
Glaucoma Research Foundation San Francisco, CA | $13,065,899 | $5,777,174 |
The Lowy Medical Research Institute Inc La Jolla, CA | $891,884 | $3,015,325 |
Arthritis National Research Foundation Irvine, CA | $11,041,493 | $3,794,575 |