Jonas Salk Legacy Foundation

Nonprofit profile at a glance

EIN
800418093
IRS 990-EZ coverage
2010–2018
Forms available
Form 990-EZ 2018
Location
La Jolla, CA, USA
Phone
8584595935
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$737
Expenses
$18,108
Assets
$18,446
Liabilities
$80,264

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • PETER L SALK (President)

People named in this filing

  • PETER L SALK (President)
  • WALTER ECKHART (Secretary)
  • WALTER ECKHART (CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This Corporation is formed for the specific and primary educational purpose of instructing the public on subjects useful to the individual and beneficial to the community by: a. Educating the public about the legacy of Jonas Salk, b. Supporting scholarly work about the legacy of Jonas Salk and, c. Conserving, advancing, promoting and applying the scientific, humanistic and philosophical vision of Jonas Salk

What it reported doing in 2018

Jonas salk legacy foundationactivities 2018*participated in organizing a project to preserve and display a major historical collection of original laboratory materials from the development of the first polio vaccine by jonas salk and his research team at the university of pittsburgh in the early 1950s. Coordinated with the u.s. Centers of disease control and prevention and the university of pittsburgh regarding logistics for assuring safety of potentially infectious materials in the historical collection.*assisted the university of pittsburgh school of medicine with a video display related to jonas salk and the development of the first polio vaccine.*facilitated the donation of an iron lung by the salk institute for biological studies to the university of pittsburghs graduate school of public health for a permanent educational display.*made a presentation on jonas salks legacy at the 70th anniversary celebration of the university of pittsburghs graduate school of public health.*provided help with student educational projects related to jonas salk's life and legacy.*participated in interviews and communications with book and article authors and a childrens educational video production team to help provide information regarding jonas salks life, work and philosophical ideas.*authored a magazine article on jonas salks life, work and legacy.*provided extensive feedback on a screenplay for a possible feature film on jonas salk and the development of the first effective polio vaccine.*initiated discussions towards donations to the university of pittsburgh and the university of California san diego of extensive and historically important raw interview footage from two films related to jonas salks work on the polio vaccine and the design and establishment of the salk institute for biological studies.*initiated discussions towards a donation to the university of pittsburgh of historical materials related to the professional career of donna salk, jonas salks wife, in conjunction with a collaborative project to develop a book related to the contributions of a dedicated group, primarily of women, to driving societal changes in race relations and other areas in pittsburgh during the 1940s, 1950s and 1960s.*continued interactions focused on development of methods for use in schools and society at large to help counter the growth and spread of anti-vaccination sentiments.*engaged in exploratory conversations directed towards the testing of interventions that have the potential to increase individual resiliency as a means of enhancing recovery from and reducing the likelihood of developing addiction to opioids and other substances associated with mortality from drug overdoses.*made a presentation at the world information transfer conference held at the united nations headquarters in New York on enhancing the prospects for achieving the sustainable development goals.*attended, as an approved observer, the united nations general assembly high-level meeting on peacebuilding and sustaining peace at the un headquarters in New York and initiated follow-up communications directed towards an exploration of innovative approaches to creating an influence of positivity and reduction of stress in societal settings as a means of complementing existing methods used in peace-building and peace-sustaining interventions.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 82
  • Sustainability: 21
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 61%; rating input score 61

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2,357%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 4.35; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -2% per year; rating input score 0; 44th percentile among comparable filings
  • Revenue growth: 25.4% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: -5% per year; rating input score 0; 27th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 61% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $11K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

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

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.