THE STANLEY FUND FOR THE BROAD INSTITUTE

EIN: 465574304 501(c)(3) Philanthropy & Grantmaking

CAMBRIDGE, MA

Total Revenue
$1,477,949
Total Expenses
$59,921,962
Total Assets
$1,617,429
Net Assets
$1,601,429
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MA
Principal Officer
TODD GOLUB
Phone
6177147050
Tax Period
2023-01-01 to 2023-12-31

THE STANLEY FUND FOR THE BROAD INSTITUTE, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $59.9M exceeded revenue, resulting in a 3954% operating deficit.

Mission

SUPPORTING ORGANIZATION FOR THE BROAD INSTITUTE, INC.

Program Service Accomplishments

Program 1
Expenses: $59,877,532

THE STANLEY FUND FOR THE BROAD INSTITUTE (THE "FUND") WAS ESTABLISHED UNDER A TRUST AGREEMENT BY THE SETTLOR AND TRUSTEES ON APRIL 22, 2014. THE FUND WAS ESTABLISHED AS A TYPE I SUPPORTING...

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THE STANLEY FUND FOR THE BROAD INSTITUTE (THE "FUND") WAS ESTABLISHED UNDER A TRUST AGREEMENT BY THE SETTLOR AND TRUSTEES ON APRIL 22, 2014. THE FUND WAS ESTABLISHED AS A TYPE I SUPPORTING ORGANIZATION OF THE BROAD INSTITUTE, INC., A BIOMEDICAL RESEARCH INSTITUTE CREATED THROUGH COLLABORATIVE EFFORTS OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND HARVARD UNIVERSITY ("THE BROAD"). THE BROAD'S OVERALL MISSION IS TO PROPEL PROGRESS IN BIOMEDICINE THROUGH RESEARCH AIMED AT THE UNDERSTANDING AND TREATMENT OF DISEASE, AND THE DISSEMINATION OF SCIENTIFIC KNOWLEDGE TO THE SCIENTIFIC COMMUNITY TO BENEFIT THE PUBLIC. ONE OF THE BROAD'S RESEARCH AREAS IS PSYCHIATRIC DISEASES. IN THAT AREA, THE BROAD OPERATES THE STANLEY CENTER FOR PSYCHIATRIC RESEARCH ("THE STANLEY CENTER"), WHICH HAS THE SPECIFIC MISSION "TO REDUCE THE BURDEN OF SERIOUS MENTAL ILLNESS THROUGH RESEARCH." THE STANLEY CENTER CARRIES ON WORK IN COLLABORATION WITH INVESTIGATORS THROUGHOUT THE WORLD. THE FUND PROVIDES FINANCIAL SUPPORT FOR THE ACTIVITIES OF THE STANLEY CENTER AT THE BROAD. IT IS MANAGED BY A BOARD OF TRUSTEES. THE FUND'S ACTIVITIES ARE THE INVESTMENT OF ASSETS AND THE PAYMENT OF FUNDS TO THE BROAD IN SUPPORT OF ITS CHARITABLE AND SCIENTIFIC PURPOSES UNDER THE DIRECTION OF THE TRUSTEES SELECTED BY THE BROAD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,477,949
Other Revenue $0
TOTAL REVENUE $1,477,949

Expense Breakdown

Grants Paid $59,877,532
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,877,532
Other Expenses $44,430
TOTAL EXPENSES $59,921,962

Year-over-Year Comparison

2023 2022 Change
Revenue $1,477,949 $1,366,712 +0.1%
Expenses $59,921,962 $103,340 +578.9%
Net Income $-58,444,013 $1,263,372 -47.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
5
$1,610,128
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD GOLUB TRUSTEE 1.00
Director
$0 $59,246 $949,827
MORGAN SHENG TRUSTEE 1.00
Director
$0 $62,522 $660,301
STEVE HYMAN TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN STANLEY TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN JONES TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,477,949 $59,921,962 $1,617,429 $-58,444,013
2022 $1,366,712 $103,340 $60,528,449 $1,263,372
2021 $5,248,223 $125,277 $68,129,218 $5,122,946
2020 $1,604,728 $8,045,320 $56,159,208 $-6,440,592
2019 $85,917,918 $53,113,350 $81,471,359 $32,804,568
2018 $53,572,388 $44,040,067 $38,415,549 $9,532,321
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