Erik & Ese Banck Clinical Research Center Inc
- Assets
- $9.9m
- Revenue
- $626.8k
- Investments
- $7.9m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 33-0570710
Organization Overview
Erik & Ese Banck Clinical Research Center Inc is located in San Diego, CA. The organization was established in 1994. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Erik & Ese Banck Clinical Research Center 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, Erik & Ese Banck Clinical Research Center Inc generated $626.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $617.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC PURPOSE OF THE FOUNDATION IS TO CONDUCT CLINICAL RESEARCH INTO THE TREATMENT AND PREVENTION OF UNCURED DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard T Reid PHD President, Secretary | 40 | $169,167 | |
Thomas J Kaido Sr. Research Scienti | 40 | $76,082 | |
Robert T Reid MD Treasurer | 40 | $0 | |
Gary Sanford Director | 0.5 | $0 | |
Gary Hark Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $235,828 |
| Dividends & Interest | $206,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,190 |
| Capital Gain Net Income | $184,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $626,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $169,167 |
| Other employee salaries and wages | $151,248 |
| Pension plans, employee benefits | $105,806 |
| Interest | $5,368 |
| Taxes | $46,260 |
| Depreciation | $33,090 |
| Occupancy | $32,202 |
| Travel, conferences, and meetings | $109 |
| Printing and publications | $0 |
| Other expenses | $58,399 |
| Total operating and administrative expenses | $617,543 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $617,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,656 |
| Savings and temporary cash investments | $928,463 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,005,771 |
| Other assets | $98,732 |
| Total assets | $9,945,646 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $876,946 |
| Other liabilities | $0 |
| Total liabilities | $876,946 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sanford Consortium For Regenerative Medicine La Jolla, CA | $91,137,571 | $8,267,717 |
Sansum Diabetes Research Institute Santa Barbara, CA | $20,925,060 | $11,475,472 |
Loma Linda Veterans Association For Research And Education San Bernardino, CA | $6,134,235 | $4,191,215 |
Clayton Medical Research Foundation Inc Carson City, NV | $95,559,460 | $3,301,602 |
Turning Green Sausalito, CA | $463,819 | $790,449 |
Laulima Data Alliance Honolulu, HI | $512,141 | $838,055 |
Erik & Ese Banck Clinical Research Center Inc San Diego, CA | $9,945,646 | $626,776 |
The Andrew Levitt Center For Social Emergency Medicine Berkeley, CA | $873,495 | $743,471 |
Tw Mcmath Deondue Tr Las Vegas, NV | $7,242,100 | $1,219,873 |
Alvarado Knee Research Institute Inc San Diego, CA | $389,758 | $363,141 |
Institute On Science For Global Policy Tucson, AZ | $218,498 | $371,078 |
Beyond Antibiotics Inc Danville, CA | $207,174 | $200,000 |