Masonic Medical Research Laboratory
- Assets
- $55.3m
- Revenue
- $10.3m
- Investments
- $1.1m
- Employees
- 71
- Location
- Utica, NY
- Founding
- 09/1949
- Data as of
- 12/2021
- EIN
- 13-5648611
Organization Overview
Masonic Medical Research Laboratory, operating under the name Masonic Medical Research Institute, is located in Utica, NY. The organization was established in 1949. 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 12/2021, Masonic Medical Research Institute employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Medical Research 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 12/2021, Masonic Medical Research Institute generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $9.4m during the year ending 12/2021. While expenses have increased by 11.1% per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MASONIC MEDICAL RESEARCH LABORATORY, DOING BUSINESS AS MASONIC MEDICAL RESEARCH INSTITUTE (MMRI), IS A WORLD RENOWNED MEDICAL RESEARCH CENTER KNOWN FOR ITS SCIENTIFIC ACHIEVEMENTS, ESPECIALLY IN THE FIELD OF EXPERIMENTAL CARDIOLOGY. CURRENT RESEARCH EFFORTS ENCOMPASS ISCHEMIC HEART DISEASE, CARDIAC ARRHYTHMIAS, CARDIOVASCULAR DISEASE AND SUDDEN CARDIAC DEATH. MMRI IS A LEADING CENTER FOR GENETIC SCREENING OF CARDIAC DISEASE AS WELL AS IN THE DEVELOPMENT OF INNOVATIVE AND EFFECTIVE PHARMACOLOGIC TREATMENT FOR ATRIAL FIBRILLATION. THE STEM CELL CENTER IS FOCUSED ON REGENERATING MEDICINE AND THE DEVELOPMENT OF HUMAN MODELS OF DISEASE. OUR SCIENTIFIC FINDINGS ARE PUBLISHED IN THE FINEST MEDICAL JOURNALS IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Kontaridis PHD Executive Director | Officer | 40 | $568,640 |
Jason Mccarthy Research Scientist | 40 | $165,000 | |
Nate Tucker Research Scientist | 40 | $125,000 | |
Zhiqiang Lin Research Scientist | 40 | $125,000 | |
Stephen Izzo Major Gifts Officer | Officer | 40 | $110,385 |
Lisa Cooper Controller | Officer | 40 | $104,904 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vip Architectural Associates Pllc Construction | 12/30/17 | $125,000 |
Hinman Straub Attorneys At Law Legal Services | 12/30/17 | $117,049 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,172,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,064,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,236,741 |
| Total Program Service Revenue | $1,589,622 |
| Investment income | $972,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $876 |
| Net Gain/Loss on Asset Sales | $536,084 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,340,059 |
| 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. | $942,500 |
| Compensation of current officers, directors, key employees. | $487,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,044,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $800,089 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $167,062 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $23,070 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,615 |
| Fees for services: Other | $123,514 |
| Advertising and promotion | $92,028 |
| Office expenses | $197,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $79,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $259,027 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,658,169 |
| Insurance | $92,430 |
| All other expenses | $0 |
| Total functional expenses | $9,361,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $702,927 |
| Savings and temporary cash investments | $1,891,519 |
| Pledges and grants receivable | $3,804,279 |
| Accounts receivable, net | $41,766 |
| 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 | $157,992 |
| Net Land, buildings, and equipment | $16,557,355 |
| Investments—publicly traded securities | $29,627,889 |
| Investments—other securities | $1,116,076 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,447,391 |
| Total assets | $55,347,194 |
| Accounts payable and accrued expenses | $972,408 |
| Grants payable | $0 |
| Deferred revenue | $12,601 |
| 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 | $11,943,158 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $139,331 |
| Total liabilities | $13,067,498 |
| Net assets without donor restrictions | $33,550,158 |
| Net assets with donor restrictions | $8,729,538 |
| 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 | $55,347,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Masonic Medical Research Laboratory has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Demetra C Vagelos Foundation West Palm Beach, FL PURPOSE: CHARITABLE GIFT | $0 |
Endowment Analysis
| Beg. Balance | $4,464,050 |
| Earnings | $567,396 |
| Ending Balance | $5,031,446 |
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 |