Wellcome Leap Inc
- Assets
- $553.3m
- Revenue
- $346.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Culver City, CA
- Founding
- Data as of
- 09/2022
- EIN
- 84-5192069
Organization Overview
Wellcome Leap Inc is located in Culver City, CA. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellcome Leap Inc 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 09/2022, Wellcome Leap Inc generated $346.3m in total revenue. All expenses for the organization totaled $87.2m during the year ending 09/2022. While expenses have increased by 145.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Dugan Director, President & CEO | 40 | $712,500 | |
Kaigham Gabriel COO | 40 | $684,000 | |
Rachel Rogers Secretary | 40 | $194,906 | |
Jana L Welling Comptroller & Sr. Di | 40 | $154,933 | |
Sarah Von Oldenburg Operations And Digit | 40 | $111,375 | |
Elica Kyoseva Program Director | 40 | $59,615 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dna Script | 9/29/22 | $4,590,936 |
University Of Sheffield | 9/29/22 | $3,849,686 |
California Institute Of Technology | 9/29/22 | $3,552,471 |
University Of Auckland | 9/29/22 | $3,077,944 |
University Of Cambridge | 9/29/22 | $2,869,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $333,199,923 |
| Interest on Savings | $0 |
| Dividends & Interest | $133,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,926,259 |
| Total Revenue | $346,259,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,009,212 |
| Other employee salaries and wages | $1,471,546 |
| Pension plans, employee benefits | $1,876,484 |
| Interest | $0 |
| Taxes | $182,756 |
| Depreciation | $194,115 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $407,636 |
| Printing and publications | $0 |
| Other expenses | $278,832 |
| Total operating and administrative expenses | $87,243,617 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $87,243,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,000 |
| Savings and temporary cash investments | $5,394,360 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $498,247,804 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,645,485 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $673,568 |
| Other assets | $107,042 |
| Total assets | $553,318,259 |
| Accounts payable and accrued expenses | $230,519 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,202,477 |
| Total liabilities | $2,432,996 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellcome Leap Inc Culver City, CA | $553,318,259 | $346,259,833 |
Wings For Life Usa - Spinal Cord Research Foundation Inc Santa Monica, CA | $6,609,538 | $4,978,629 |
Foundation For Research Carson City, NV | $164,068,419 | $4,402,154 |
Runx1 Foundation Santa Barbara, CA | $3,085,064 | $5,336,089 |
Psfc Santa Cruz, CA | $8,888,871 | $6,472,995 |
Kure It Inc Irvine, CA | $825,809 | $1,330,675 |
Harold Pump Foundation Sherman Oaks, CA | $580,879 | $1,396,694 |
The Weil Foundation Tucson, AZ | $2,417,436 | $1,895,509 |
Cancer Awareness Through Research And Education Association Carefree, AZ | $148,453 | $969,135 |
Shoot For A Cure North Hollywood, CA | $399,457 | $878,758 |
Arrowhead Regional Medical Center Foundation Colton, CA | $2,669,831 | $937,166 |
Castleman Disease Collaborative Network Paso Robles, CA | $2,064,859 | $788,631 |