Buffalo Institute For Medical Research Inc
- Assets
- $831.6k
- Revenue
- $878.7k
- Investments
- $0.0
- Employees
- 14
- Location
- Buffalo, NY
- Founding
- 10/1991
- Data as of
- 09/2021
- EIN
- 16-1385680
Organization Overview
Buffalo Institute For Medical Research Inc is located in Buffalo, 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, Buffalo Institute For Medical Research Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Institute For Medical 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, Buffalo Institute For Medical Research Inc generated $878.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $825.2k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. 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
TO ADVANCE THE RESEARCH MISSION OF THE DEPARTMENT OF VETERAN'S AFFAIRS BY FACILITATING BIOMEDICAL RESEARCH AND RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROGRAMS INVOLVE INVESTIGATIONS, EXPERIMENTS, AND STUDIES TO DISCOVER, DEVELOP, OR VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSIS, TREATMENT, PREVENTION, OR CONTROL OF PHYSICAL DISEASES AND IMPAIRMENTS OF MAN. MUCH OF THE MEDICAL RESEARCH WILL RESULT IN THE DEVELOPMENT OF DIAGNOSTIC TOOLS AND THERAPEUTICS TO BETTER MANAGE HUMAN DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aldona Cytraus JD MBA Executive Director | Officer | 40 | $70,720 |
Michael J Swartz MPH Fache President | OfficerTrustee | 1 | $0 |
Ali El-Solh MD Acosrd Vice President | OfficerTrustee | 1 | $0 |
Philippe A Jaoude Secretary/treasurer | OfficerTrustee | 1 | $0 |
James Hatem Director | Trustee | 1 | $0 |
Thomas Konopka Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,137 |
| Total Program Service Revenue | $622,153 |
| Investment income | $30 |
| 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 | $878,680 |
| 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. | $70,720 |
| Compensation of current officers, directors, key employees. | $22,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,717 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,080 |
| Fees for services: Accounting | $4,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,687 |
| Advertising and promotion | $1,139 |
| Office expenses | $6,526 |
| Information technology | $477 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,531 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,316 |
| Insurance | $9,084 |
| All other expenses | $10,524 |
| Total functional expenses | $825,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,679 |
| Savings and temporary cash investments | $103,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,731 |
| 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 | $4,075 |
| Net Land, buildings, and equipment | $5,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $831,604 |
| Accounts payable and accrued expenses | $76,966 |
| Grants payable | $0 |
| Deferred revenue | $645,540 |
| 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 | $65,307 |
| Other liabilities | $0 |
| Total liabilities | $787,813 |
| Net assets without donor restrictions | $43,791 |
| 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 | $831,604 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Buffalo Institute For Medical Research Inc has recieved totaling $11,250.
| Awarding Organization | Amount |
|---|---|
Fight For Sight Inc New York, NY PURPOSE: Eye and Vision research | $11,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitehead Institute For Biomedical Research Cambridge, MA | $896,132,656 | $97,603,749 |
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 |