Moffitt Lifesciences Campus Management Corporation

Nonprofit profile at a glance

EIN
923388291
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Tampa, FL, USA
Phone
8137454673
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Health, General and Financing

Official website

Reported finances

Revenue
$4,618,285
Expenses
$4,769,614
Assets
$0
Liabilities
$187,906

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

Leadership & pay

13 people listed

Executive titles in this filing

  • L DAVID DE LA PARTE (FRM PRESIDENT TO 6/2024)
  • JOSH CARPENTER (PRESIDENT AS OF 3/2025)

Highest reported compensation

  • SARABDEEP SINGH (PRES TO 3/2025; COO AS OF 4/2025): $1,315,157 total reported compensation
  • L DAVID DE LA PARTE (FRM PRESIDENT TO 6/2024): $1,042,186 total reported compensation
  • JOANNA WEISS (CFO & ASST TREAS): $972,388 total reported compensation

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

Overview

Mission

To support h. Lee moffitt cancer center and research institute, inc., whose mission is to contribute to a cure for cancer, by being an integral part in developing a 775-acre campus located in pasco county, fl.

What it reported doing in 2024

Moffitt lifesciences campus management corporation will be the ground lessee of the 775 acre campus located in pasco county, fl (the "property") which is currently under development into a global lifesciences and research innovation campus known as "speros fl" through which the corporation will partner with public and private, educational, biotech, pharmaceutical, healthcare, and other organizations to support and accelerate lifesciences research and cancer care and advance cutting-edge research, technologies, and treatment regimens that will further the institute's charitable mission of treating and curing cancer.

Operating model

Revenue model
Affiliate-supported. 99% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 65
  • Accountability: 91
  • Sustainability: 12
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.3%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 33%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -181.1% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: 77.9% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 4 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $250 in reported program spending
  • Leadership: top reported pay $1.3M · 13 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.1M reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 7 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.