Narrows Institute Of Biomedical Research Inc
- Assets
- $2.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Brooklyn, NY
- Founding
- 06/1991
- Data as of
- 09/2021
- EIN
- 11-3059470
Organization Overview
Narrows Institute Of Biomedical Research Inc is located in Brooklyn, NY. The organization was established in 1991. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 09/2021, Narrows Institute Of Biomedical Research Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Narrows Institute Of Biomedical Research 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 09/2021, Narrows Institute Of Biomedical Research Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $3.5m during the year ending 09/2021. While expenses have increased by 20.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS ESTABLISHED TO FACILITATE MEDICAL RESEARCH FOR THE DEPARTMENT OF VETERANS AFFAIRS, CONDUCT MORE EFFECTIVELY THE PRIMARY FUNCTIONS OF THE VETERAN HEALTH SERVICE AND RESEARCH ADMINISTRATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS ENGAGED IN MEDICAL RESEARCH TO DISCOVER, DEVELOP OR VERIFY KNOWLEDGE RELATED TO CAUSES, DIAGNOSIS, TREATMENT OR PREVENTION OF PHYSICAL DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethanne Wenzel PHD Ms Executive Di | OfficerTrustee | 40 | $96,143 |
James Tulino Asst To Exec | OfficerTrustee | 40 | $29,318 |
Bruce Tucker Ses Lcsw Director | Trustee | 0.5 | $0 |
John Hay MD Director | Trustee | 0.5 | $0 |
Richard Hanson MD Director | Trustee | 0.5 | $0 |
Patrick Malloy MD Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $351,078 |
| 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 | $351,078 |
| Total Program Service Revenue | $3,356,606 |
| Investment income | $59 |
| 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 | $3,708,493 |
| 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. | $143,674 |
| Compensation of current officers, directors, key employees. | $13,821 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,417,403 |
| Pension plan accruals and contributions | $92,297 |
| Other employee benefits | $204,021 |
| Payroll taxes | $135,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215 |
| Fees for services: Accounting | $45,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,101 |
| Advertising and promotion | $2,900 |
| Office expenses | $17,719 |
| Information technology | $5,831 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,707 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,169 |
| Insurance | $10,501 |
| All other expenses | $93,662 |
| Total functional expenses | $3,453,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $825,035 |
| Pledges and grants receivable | $1,409,497 |
| 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 | $14,443 |
| Net Land, buildings, and equipment | $4,123 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,253,098 |
| Accounts payable and accrued expenses | $607,812 |
| Grants payable | $0 |
| Deferred revenue | $416,667 |
| 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 | $1,024,479 |
| Net assets without donor restrictions | $1,228,619 |
| 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 | $2,253,098 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Narrows Institute Of Biomedical Research Inc has recieved totaling $237,445.
| Awarding Organization | Amount |
|---|---|
Yale University New Haven, CT PURPOSE: SUBAWARD - SPONSORED RESEARCH | $188,862 |
Cornell University Ithaca, NY PURPOSE: Research | $48,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Medical Research Laboratory Utica, NY | $55,347,194 | $10,340,059 |
Narrows Institute Of Biomedical Research Inc Brooklyn, NY | $2,253,098 | $3,708,493 |
Buffalo Institute For Medical Research Inc Buffalo, NY | $831,604 | $878,680 |
National Biomedical Research Foundation Inc Waltham, MA | $3,416,318 | $63,519 |
Pioneer Valley Life Sciences Institute Of Baystate Medical Springfield, MA | $1,115,623 | $145,961 |
Gardp North America Inc Philadelphia, PA | $898,589 | $1,104,000 |
New Jersey Association For Biomedical Research Inc Atco, NJ | $468,818 | $179,812 |
Irving And Doris Gamow Stem Cell Research Institute Inc Ramsey, NJ | $1,209,679 | $55,799 |
Ventilator Project Inc Boston, MA | $770 | $0 |
The Masooli Project Inc Simsbury, CT | $39,449 | $0 |
Biohacking Village Brooklyn, NY | $97,646 | $0 |