Coalition for Epidemic Preparedness Innovations Us

Nonprofit profile at a glance

EIN
823285540
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2028000220
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Service Clubs

Reported finances

Revenue
$9,806,388
Expenses
$9,806,388
Assets
$4,611,016
Liabilities
$4,611,016

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • RICHARD HATCHETT (DIRECTOR, CEO)
  • NICOLE LURIE (DIRECTOR, PRESIDENT)

Highest reported compensation

  • RICHARD HATCHETT (DIRECTOR, CEO): $882,841 total reported compensation
  • NICOLE LURIE (DIRECTOR, PRESIDENT): $334,840 total reported compensation
  • DANIELLE CRAIG (REGULATORY AFFAIRS LEAD AM): $333,550 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Coalition for epidemic preparedness innovations us ("cepi us") was organized for several purposes:(1) to educate the american public about the importance of developing vaccines to combat future global epidemics (see schedule o)and cepi's goals of coordinating the development of such vaccines;(2) to coordinate the efforts of cepi's partners that are located in the us, including private foundations, industry, trade associations, academic and research institutions, and other not-for-profits; and,(3) to advocate for support, including potential funding for cepi us by the u.s. Government.

What it reported doing in 2024

In a world characterized by increasing population density, human mobility, and ecological change, emerging infectious diseases pose a real and growing threat to global health security. Epidemic diseases affect everybody, and do not respect borders. Vaccines are one of themost powerful tools in the fight to outsmart epidemics. Cepi us's mission is to stimulate and accelerate the development of vaccines against emerging infectious diseases and enable equitable access to these vaccines for affected populations during outbreaks. Cepi is an innovative global coalition of public, private, philanthropic, and civil society organizations, with whom we work in partnership. Close collaboration with global partners will be crucial to the success of cepis work to develop vaccines against emerging (see schedule o) infectious diseases. Therefore, cepi will support coordinating activities to improve our collective response to epidemics, strengthening capacity in countries at risk, and advancing the regulatory science that governs product development.

Operating model

Revenue model
Affiliate-supported. 99% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 79
  • Accountability: 37
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.5%; rating input score 99
  • Program expense ratio: 99.4%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 19.9%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 32.9% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 32.9% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 44.5% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 99.5% of revenue deployed · 99.4% of spending went to programs
  • Governance: 0 of 3 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $9.8M in reported program spending
  • Leadership: top reported pay $883K · 9 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.