Coriell Institute For Medical Research Inc
- Assets
- $28.4m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 103
- Location
- Camden, NJ
- Founding
- 12/1954
- Data as of
- 06/2021
- EIN
- 21-0672684
Organization Overview
Coriell Institute For Medical Research Inc is located in Camden, NJ. The organization was established in 1954. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 06/2021, Coriell Institute For Medical Research Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coriell 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 06/2021, Coriell Institute For Medical Research Inc generated $17.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $18.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
GENERATE WORLD CLASS BIOMATERIALS AND CONDUCT GROUNDBREAKING RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORIELL INSTITUTE FOR MEDICAL RESEARCH, FOUNDED IN 1953 AND BASED IN CAMDEN, NEW JERSEY, IS AN INDEPENDENT NON-PROFIT RESEARCH INSTITUTE DEDICATED TO THE STUDY OF THE HUMAN GENOME. EXPERT STAFF AND PIONEERING PROGRAMS IN THE FIELDS OF PERSONALIZED MEDICINE, CELL BIOLOGY, CYTOGENETICS, GENOTYPING, AND BIOBANKING DRIVE OUR MISSION. THE INSTITUTE MAINTAINS REPOSITORIES FOR CELL LINES AND DNA AND DISTRIBUTES OVER 20,000 BIOMATERIALS ANNUALLY TO RESEARCHERS NATIONALLY AND INTERNATIONALLY.CORIELL HAS A DISTINGUISHED HISTORY IN CELL BIOLOGY, PURSUING CURRENTLY INDUCED PLURIPOTENT STEM (IPS) CELL RESEARCH. THESE POWERFUL CELLS ARE REVOLUTIONIZING THE WAY HUMAN DISEASE IS STUDIED AND HOW DRUGS ARE DEVELOPED. CORIELL OFFERS CUSTOM RESEARCH SERVICES INCLUDING CELL CULTURE, CYTOGENETIC ANALYSES, AND MOLECULAR BIOLOGY. ITS CLIA-CERTIFIED GENOTYPING AND MICROARRAY CENTER OFFERS HIGH-THROUGHPUT DNA ANALYSIS SYSTEMS USING THE PLATFORMS OF TWO LEADING PROVIDERS.ESSENTIAL TO THE INSTITUTE'S SUPPORT OF INTERNATIONAL SCIENTIFIC RESEARCH IS THE CORIELL BIOBANK. FROM THIS RENOWNED CELL BANK, CORIELL MANAGES AND DISTRIBUTES THE WORLD'S MOST DIVERSE COLLECTION OF CELL LINES, DNA, AND OTHER BIOLOGICAL RESOURCES. THE CORIELL BIOBANK PROVIDED SUPPORT TO THE HUMAN GENOME PROJECT, A WORLDWIDE PROGRAM TO MAP THE ENTIRE HUMAN GENOME, AND TO THE INTERNATIONAL HAPMAP PROJECT, A PROJECT PROVIDING AN EFFICIENT TOOL TO IDENTIFY DISEASE-CAUSING GENES.CORIELL'S BIOBANKING OPERATION IS FUNDED BY SEVERAL NATIONAL INSTITUTE OF HEALTH AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jean-Pierre Issa President/ceo | OfficerTrustee | 40 | $540,656 |
Constantine Dean Stoios Chief Financial Officer/treasurer | Officer | 40 | $230,413 |
Mark Bellafante Chief Information Officer | Officer | 40 | $225,683 |
Nahid Turan Chief Laboratory Officer | Officer | 40 | $173,944 |
Leo Jose Director, Application Development | 40 | $172,381 | |
Jarolav Jelinek Chief Research Officer | Officer | 40 | $163,959 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Florida Lab Services | 6/29/20 | $177,224 |
Temple University Grad Students & Lab Services | 6/29/20 | $146,455 |
Elliott-lewis Corporation Hvac & Mechanical Services | 6/29/20 | $152,549 |
University Of Florida Lab Services | 6/29/20 | $177,224 |
Baker Tilly Us Llp Accounting/audit Services | 6/29/20 | $138,454 |
Elliott-lewis Corporation Hvac & Mechanical Services | 6/29/20 | $152,549 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,351 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,037,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,087,567 |
| Total Program Service Revenue | $15,576,879 |
| Investment income | $62,800 |
| 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 | $17,260,020 |
| 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. | $1,455,603 |
| Compensation of current officers, directors, key employees. | $1,455,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,062,041 |
| Pension plan accruals and contributions | $400,375 |
| Other employee benefits | $1,491,106 |
| Payroll taxes | $527,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151,321 |
| Fees for services: Accounting | $122,039 |
| Fees for services: Lobbying | $66,438 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,104,710 |
| Advertising and promotion | $0 |
| Office expenses | $2,075,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,626,121 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $222,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,787,863 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,093,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $1,460,146 |
| Pledges and grants receivable | $2,615,445 |
| Accounts receivable, net | $259,593 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,832 |
| Prepaid expenses and deferred charges | $375,369 |
| Net Land, buildings, and equipment | $6,306,453 |
| Investments—publicly traded securities | $3,188,112 |
| Investments—other securities | $0 |
| Investments—program-related | $2,745,196 |
| Intangible assets | $0 |
| Other assets | $11,314,961 |
| Total assets | $28,357,307 |
| Accounts payable and accrued expenses | $1,307,855 |
| Grants payable | $0 |
| Deferred revenue | $444,690 |
| 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 | $4,675,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,465 |
| Total liabilities | $6,492,510 |
| Net assets without donor restrictions | $12,550,805 |
| Net assets with donor restrictions | $9,313,992 |
| 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 | $28,357,307 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Coriell Institute For Medical Research Inc has recieved totaling $351,132.
| Awarding Organization | Amount |
|---|---|
Rett Syndrome Research Trust Inc Trumbull, CT PURPOSE: BIO REPOSITORY | $150,836 |
William G Rohrer Charitable Fdn Pittsburgh, PA PURPOSE: GENERAL OPERATING | $150,000 |
The Gordon Charter Foundation Wayne, PA PURPOSE: FOR CANCER STRATIFICATION RESEARCH | $25,000 |
Ehe Foundation Hobart, WI PURPOSE: RESEARCH AND DEVELOPMENT | $15,188 |
The Cooper Foundation Inc Camden, NJ PURPOSE: DONATION FOR CORIELL INSTITUTE FOR MEDICAL RESEARCH | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $108 |
Endowment Analysis
| Beg. Balance | $1,837,972 |
| Earnings | $494,467 |
| Net Contributions | $855,673 |
| Ending Balance | $3,188,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Structural Biology Center Inc New York, NY | $108,370,731 | $20,379,459 |
Boyce Thompson Institute For Plant Research Inc Ithaca, NY | $101,082,296 | $16,707,988 |
Coriell Institute For Medical Research Inc Camden, NJ | $28,357,307 | $17,260,020 |
Association For The Advancement Of Sustainability In Higher Education Philadelphia, PA | $1,920,496 | $2,607,691 |
Pasteur Foundation New York, NY | $1,467,517 | $451,654 |
Pennsylvania Center For Poultry And Livestock Excellence Harrisburg, PA | $162,499 | $695,826 |
Nature Institute Inc Ghent, NY | $1,219,615 | $541,323 |
Fondation Sante Great Neck, NY | $361,322 | $446,245 |
Nyc Builds Bio Inc New York, NY | $5,531 | $352,473 |
The Micropaleontology Press Foundation Inc Flushing, NY | $138,418 | $259,874 |
International Society For Developmental Psychobiology Inc Oradell, NJ | $130,506 | $0 |
Feed My Sheep Foundation Inc Livonia, NY | $287,275 | $115,096 |