Longwood Research Institute Inc
- Assets
- $81.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1989
- Data as of
- 09/2023
- EIN
- 04-2781368
Organization Overview
Longwood Research Institute Inc is located in Boston, MA. The organization was established in 1989. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Longwood Research Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Longwood Research Institute Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.8% each year . All expenses for the organization totaled $568.3k during the year ending 09/2023. While expenses have increased by 25.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXPANDS MEDICAL SCIENCE KNOWLEDGE THROUGH RESEARCH AND HOLDS REAL ESTATE PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LONGWOOD RESEARCH INSTITUTE, INC. WORKS TO PROMOTE AND EXPAND HUMAN KNOWLEDGE IN THE FIELD OF MEDICAL SCIENCE, PUBLIC HEALTH AND THE HEALTH AND WELFARE OF INFANTS, CHILDREN, ADOLESCENTS AND ADULTS BY DIRECTLY ENGAGING IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL AND OTHER SCIENTIFIC RESEARCH BY MEANS OF INVESTIGATIONS, EXPERIMENTS, AND STUDIES WITHIN THE ASSOCIATED DISCIPLINES SPANNING THE MEDICAL SCIENCES TO DISCOVER, DEVELOP, VERIFY OR CLARIFY KNOWLEDGE AND UNDERSTANDING. IT ALSO HOLDS, OWNS, MAINTAINS, IMPROVES, AND OPERATES REAL PROPERTY FOR THE BENEFIT OF THE CHILDREN'S HOSPITAL CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Churchwell MD President & Trustee | OfficerTrustee | 0 | $0 |
Douglas Vanderslice Treasurer & Trustee | OfficerTrustee | 0 | $0 |
Michele Garvin ESQ Secretary & Trustee | OfficerTrustee | 0 | $0 |
Douglas Berthiaume Chairman | Trustee | 0 | $0 |
Sandra Fenwick Former President & Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,976,400 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,976,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $568,321 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $568,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $73,083,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,580,069 |
| Total assets | $81,663,420 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $81,663,420 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $81,663,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Services Network Of New York Brooklyn, NY | $3,247,241 | $7,287,511 |
Child And Family Resources Inc Penn Yan, NY | $861,765 | $2,197,173 |
Rise For Baby And Family Keene, NH | $1,053,077 | $1,534,500 |
Longwood Research Institute Inc Boston, MA | $81,663,420 | $1,976,400 |
Vac Childrens Foundation Inc Rutland, VT | $486,720 | $15,307 |