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Taxpayer Philanthropy: Vaccine nonprofit boosts exec pay while losing millions
- The Albert B. Sabin Vaccine Institute, a federally funded nonprofit, posted net losses of nearly $4 million in 2024 and $2 million in 2023.
- The nonprofit's revenue dropped 10.5% from $40.1 million in 2023 to $35.9 million in 2024, with federal grants from Health and Human Services declining.
- Despite financial losses and reduced revenue, the Sabin Vaccine Institute increased executive pay and salaries by $800,000 to a total of $9 million in 2024.
- CEO Amy Finan's pay rose to $517,124 in 2024, while then-President Anuradha Gupta's compensation increased from $237,447 to $418,131.
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19 Articles
The Paintsville Herald+18 Reposted by 18 other sources
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Taxpayer Philanthropy: Vaccine nonprofit boosts exec pay while losing millions
(The Center Square)—Despite posting multi-million-dollar losses in several recent years, a federally funded nonprofit that develops vaccines against deadly viruses overseas has continued to raise its executives' pay. That includes two whose compensation exceeded the $400,000 annual salary of the…
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Total News Sources19
Leaning Left0Leaning Right8Center7Last UpdatedBias Distribution53% Right
Bias Distribution
- 53% of the sources lean Right
53% Right
C 47%
R 53%
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