Hinri Labs Inc
- Assets
- $567.1k
- Revenue
- $658.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 27-0169289
Organization Overview
Hinri Labs Inc, operating under the name Hinri, is located in Atlanta, GA. The organization was established in 2010. According to its NTEE Classification (H50) the organization is classified as: Nerve, Muscle & Bone Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Hinri employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hinri 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, Hinri generated $658.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $986.8k during the year ending 12/2021. While expenses have increased by 25.5% 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
HINRI IS A VENTURE PHILANTHROPY WITH A MISSION OF BRINGING SERVANT LEADERSHIP, COMPASSION AND INNOVATION TO BEAR IN SOLVING THE WORLD'S MOST DIFFICULT HEALTH CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOALS FOR OUR "REVERSING PARALYSIS" CAMPAIGN WAS TO ACCELERATE NEW CURES FOR COMPLETE SPINAL CORD INJURIES AND CHANGE THE STANDARD OF CARE FOR COMPLETE INJURIES. THANKS TO OUR DONORS' SUPPORT, WE ARE MAKING GOOD PROGRESS. OUR PRIMARY FOCUS HAS BEEN THE SPONSORSHIP OF A CLINICAL STUDY UNDER DR. REGGIE EDGERTON AT UCLA, A PIONEER IN TREATING SPINAL CORD INJURY PATIENTS WITH ELECTRICAL STIMULATION. IN THEIR FIRST TEST OF EFFICACY OF THEIR NON-INVASIVE TRANSCUTANEOUS NEUROMODULATION TECHNIQUE, 5/5 SUBJECTS REGAINED VOLUNTARY LOCOMOTOR-LIKE RHYTHMIC MOVEMENT OF THE LOWER LIMBS AND SIGNIFICANT GAINS IN SENSORY FUNCTION. OF THE SIX PATIENTS IN THE CLINICAL STUDY THAT WE HAVE SUPPORTED, 5 HAVE ALREADY MOVED FROM AIS A (NO MOVEMENT OR SENSATION BELOW THE INJURY) TO AIS C (SOME MOVEMENT AND SENSATION). HOW DOES THIS SUCCESS RATE COMPARE? NUMEROUS REVIEWS HAVE BEEN PUBLISHED IN EFFORTS TO DEFINE THE PERCENTAGE OF SUBJECTS WITH A SEVERE SPINAL INJURY (AIS A, SENSORY AND MOTOR COMPLETE) WHO THEN ADVANCE TO HIGHER DIAGNOSTIC LEVELS, REFLECTING GAINS IN SENSORY AND MOTOR FUNCTION. IN ONE OF THE MOST RECENT REVIEWS OF THE LITERATURE, CONVERSIONS OF AIS A PATIENTS TO A HIGHER AIS LEVEL OCCURRED AT A FREQUENCY RANGING BETWEEN APPROXIMATELY 14% TO 20%. DR. EDGERTON'S SUCCESS RATE IS GREATER THAN 80% IN REACHING A DIAGNOSIS OF AT LEAST AIS C. DR. EDGERTON'S DEVICE IS EXPECTED TO RECEIVE FDA APPROVAL EARLY NEXT YEAR. IF APPROVED, WE BELIEVE THIS WILL PAVE THE WAY FOR CHANGING THE STANDARD OF CARE BECAUSE WE WILL HAVE DEMONSTRATED THAT EVEN CHRONICALLY, COMPLETELY PARALYZED INDIVIDUALS CAN RECOVER SOME FUNCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Mccutchen Executive Director | OfficerTrustee | 40 | $137,500 |
Michael Edmeades Vice President | OfficerTrustee | 1 | $0 |
Amy O'dell Director | OfficerTrustee | 1 | $0 |
Patricia Totaro Treasurer | OfficerTrustee | 1 | $0 |
Gen Larry Ellis Director | Trustee | 1 | $0 |
Jean Ellis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,830 |
| Noncash contributions included in lines 1a–1f | $35,117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,947 |
| Total Program Service Revenue | $0 |
| 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 | $658,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| 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 | $151,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,889 |
| Fees for services: Management | $110,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,458 |
| Advertising and promotion | $17,198 |
| Office expenses | $2,532 |
| Information technology | $1,665 |
| Royalties | $0 |
| Occupancy | $48,806 |
| Travel | $18,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,458 |
| All other expenses | $0 |
| Total functional expenses | $986,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,745 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $155,909 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $93,138 |
| Investments—publicly traded securities | $284,064 |
| Investments—other securities | $0 |
| Investments—program-related | $1,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $567,106 |
| Accounts payable and accrued expenses | $37,894 |
| 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 | $0 |
| Total liabilities | $37,894 |
| Net assets without donor restrictions | $497,962 |
| Net assets with donor restrictions | $31,250 |
| 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 | $567,106 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hinri Labs Inc has recieved totaling $83.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orthocarolina Research Institute Inc Charlotte, NC | $4,697,920 | $2,899,567 |
Cmt Research Foundation Inc Atlanta, GA | $2,731,283 | $1,687,608 |
The Hawkins Foundation Greenville, SC | $716,420 | $1,020,383 |
Hinri Labs Inc Atlanta, GA | $567,106 | $658,184 |
American Bone Health Raleigh, NC | $504,031 | $955,795 |
Spine And Scoliosis Research Associates Inc Coral Gables, FL | $544,086 | $198,001 |
Biodynamic Craniosacral Therapy Association Of North America Raleigh, NC | $110,337 | $0 |
Wobbly Feet Foundation Inc Sarasota, FL | $100,785 | $82,850 |
Tennessee Orthopaedic Foundation For Education And Research Tofer Knoxville, TN | $20,669 | $0 |
The Georgia Foundation For Physical Therapy Inc Smyrna, GA | $177,535 | $0 |
Tarlov Cyst Disease Foundation Knoxville, TN | $172,554 | $0 |
Education And Research Foundation Columbia, SC | $92,107 | $0 |