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Mar 14, 2024
Happy St. Patrick’s Day from CharityWatch! ...
Happy St. Patrick’s Day from CharityWatch! ...
Top-Rated Charity
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Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| Salk Institute for Biological Studies | Audited Financial Statements | 95-2160097 |
| Salk Institute for Biological Studies | IRS Form 990 | 95-2160097 |
|
Entity: Salk Institute for Biological Studies Document Type: Audited Financial Statements Tax ID: 95-2160097 |
|
Entity: Salk Institute for Biological Studies Document Type: IRS Form 990 Tax ID: 95-2160097 |
Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Fred Gage | President | $895,384 |
| 2 | Kim E. Witmer | Senior VP, Finance & Administration | $506,117 |
| 3 | Martin Hetzer | Chief Science Officer | $503,340 |
|
1 Name: Fred Gage Title: President Compensation: $895,384 |
|
2 Name: Kim E. Witmer Title: Senior VP, Finance & Administration Compensation: $506,117 |
|
3 Name: Martin Hetzer Title: Chief Science Officer Compensation: $503,340 |
Analysts' Notes
CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
According to The Salk Institute for Biological Studies audit of June 30, 2022 (Note 13, Concentrations of Credit Risk): "The Institute receives funds under various research grants from federal and non-federal agencies. Funding from the National Institutes of Health represents approximately 67.9 percent and 60.9 percent of total grant revenue for the years ended June 30, 2022 and 2021, respectively." |
According to The Salk Institute for Biological Studies audit of June 30, 2022 (Note 12, Commitments and Contingencies) [$s reported in thousands, as noted]: "Commitments — At June 30, 2022, contractual commitments on purchases pending or in process are $14,173 [thousand]." |
According to The Salk Institute for Biological Studies tax filing for the fiscal year ended June 30, 2022, the Institute reports for Loans to and/or from Interested Persons a "home loan" made by the Institute to four professors in the amounts of $400,000, $700,000, $300,000, and $300,000. The reported balance due on the loans at June 30, 2022 is $400,000, $400,629, $180,000, and $180,000, respectively. It is also reported that the board or a committee approved the loans, there are written agreements for the loans, and the loans are not in default (IRS Form 990, Schedule L, Part II). |