Winifred Masterson Burke Medical Research
- Assets
- $7.9m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 91
- Location
- White Plains, NY
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 13-3434924
Organization Overview
Winifred Masterson Burke Medical Research, operating under the name Burke Neurological Institute, is located in White Plains, NY. The organization was established in 1988. According to its NTEE Classification (H96) the organization is classified as: Neurology & Neuroscience Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Burke Neurological Institute employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burke Neurological Institute 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 12/2022, Burke Neurological Institute generated $14.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $16.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BURKE NEUROLOGICAL INSTITUTE BNI CONDUCTS RESEARCH INVOLVING PROTECTION FROM AND REPAIR OF NEUROLOGICAL DISEASES SUCH AS STROKE TRAUMATIC BRAIN INJURY TBI SPINAL CORD INJURY ALZHEIMER'S DISEASE AND CEREBRAL PALSY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BURKE NEUROLOGICAL INSTITUTE BNI CONDUCTS RESEARCH INVOLVING PROTECTION FROM AND REPAIR OF NEUROLOGICAL DISEASES SUCH AS STROKE TRAUMATIC BRAIN INJURY TBI SPINAL CORD INJURY ALZHEIMER'S DISEASE AND CEREBRAL PALSY. IN PURSUING THIS GOAL BURKE NEUROLOGICAL INSTITUTE SEEKS TO HARNESS THE BEST IN CONTEMPORARY NEUROSCIENCE TO ADVANCE INTERVENTIONS TO IMPROVE BRAIN RECOVERY AND RECOVERY FUNCTION. THIS ENDEAVOR IS ACTIVELY ADVANCED BY FREQUENT AND LIVELY INTERCHANGE BETWEEN SCIENTISTS WORKING ON NOVEL PHARMACOLOGICAL BIOLOGICAL AND ROBOTIC APPROACHES TO REPAIR THE DAMAGED BRAIN AND SPINAL CORD. FACULTY AT BURKE NEUROLOGICAL INSTITUTE ARE EXPERTS IN THE REPAIR OF NEUROLOGICAL IMPAIRMENTS AND ARE COMMITTED TO HELP TRANSLATE THESE APPROACHES TO THE BEDSIDE. A NUMBER OF IMPORTANT CLINICAL TRIALS HAVE BEEN COMPLETED AND ARE ONGOING. HOWEVER WE ARE FAR FROM REACHING OUR CLINICAL GOALS AND POTENTIAL AS CONSEQUENT CHRONIC DISABILITY REMAINS A LARGE AND ALMOST SILENT EPIDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajiv Ratan MD PHD Executive Director | OfficerTrustee | 40 | $582,065 |
Yutaka Yoshida PHD Research Scientist | 35 | $283,966 | |
Glen Prusky PHD Research Scientist | 35 | $251,572 | |
David Gould MD COO | Officer | 35 | $328,409 |
Christine Hughes VP Of Advancement | 35 | $251,080 | |
Sunghee Cho PHD Research Scientist | 35 | $202,246 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grant Thornton Auditing | 12/30/22 | $123,450 |
Ad Com Accounting | 12/30/22 | $129,538 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,042,000 |
| Government grants | $7,066,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,759,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,868,134 |
| Total Program Service Revenue | $603,360 |
| 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 | $14,526,927 |
| 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. | $968,974 |
| Compensation of current officers, directors, key employees. | $387,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,657,576 |
| Pension plan accruals and contributions | $678,018 |
| Other employee benefits | $1,162,959 |
| Payroll taxes | $455,487 |
| Fees for services: Management | $2,164,215 |
| Fees for services: Legal | $169,379 |
| Fees for services: Accounting | $133,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,240 |
| Office expenses | $1,558,242 |
| Information technology | $367,315 |
| Royalties | $0 |
| Occupancy | $789,153 |
| Travel | $111,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,869 |
| Interest | $121,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $964,164 |
| Insurance | $131,221 |
| All other expenses | $0 |
| Total functional expenses | $16,816,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,086 |
| Savings and temporary cash investments | $245,074 |
| Pledges and grants receivable | $1,902,076 |
| 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 | $224,486 |
| Net Land, buildings, and equipment | $4,426,753 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $735,402 |
| Total assets | $7,862,877 |
| Accounts payable and accrued expenses | $3,276,918 |
| Grants payable | $0 |
| Deferred revenue | $1,263,042 |
| 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 | $5,462,758 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $431,150 |
| Total liabilities | $10,433,868 |
| Net assets without donor restrictions | -$2,570,991 |
| 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 | $7,862,877 |