Gromo Foundation For Medicaleducation & Research Inc
- Assets
- $598.4k
- Revenue
- $47.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-4802705
Organization Overview
Gromo Foundation For Medicaleducation & Research Inc is located in Buffalo, NY. The organization was established in 2006. According to its NTEE Classification (H60) the organization is classified as: Allergy-Related Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gromo Foundation For Medicaleducation & 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 12/2021, Gromo Foundation For Medicaleducation & Research Inc generated $47.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $42.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 7 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
THE ORGANIZATION EDUCATES THE PUBLIC AND THE PROFESSION ABOUT ADVANCES AND DISEASES, SUCH AS SINUSITIS AND ASTHMA, AND ACTIVELY CONDUCTS RESEARCH IN THIS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND RESEARCH RELATED TO INFLAMMARTORY DISEASES OF THE UPPER AND LOWER AIRWAYS AND OTHER MUCOUS MEMBRANES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Kern MD Director | Trustee | 10 | $0 |
Jens Ponikau MD Director | Trustee | 10 | $0 |
David Sherris MD Director | Trustee | 10 | $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 | $16,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,479 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,028 |
| 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 | $47,507 |
| 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 | $9,537 |
| 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 | $10,416 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $42,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,353 |
| 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 | $564,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $598,378 |
| 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 | $638,200 |
| Total liabilities | $638,200 |
| Net assets without donor restrictions | -$39,822 |
| 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 | $598,378 |
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|---|---|---|
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Tisch Multiple Sclerosis Research Center Of New York Inc New York, NY | $14,119,730 | $12,621,293 |
Intl Society Of Pharmacoeconomics And Outcomes Research Inc Lawrenceville, NJ | $26,278,189 | $14,162,413 |
Masonic Medical Research Laboratory Utica, NY | $55,347,194 | $10,340,059 |
Institute For Protein Innovation Inc Boston, MA | $219,080,402 | $200,786,087 |
Als Therapy Development Foundation Inc Watertown, MA | $19,047,011 | $12,370,651 |
Center For Information And Study On Clinical Research Participation Boston, MA | $5,283,770 | $9,262,941 |
The Association For Frontotemporal Degeneration King Of Prussia, PA | $44,796,969 | $12,057,958 |
Ats Foundation Inc New York, NY | $0 | $224,022 |
Institute For Neurodegenerative Disorders Inc New Haven, CT | $7,010,755 | $8,708,583 |
Immune Deficiency Foundation Towson, MD | $14,287,227 | $9,938,471 |