Hektoen Institute For Medical Research
- Assets
- $68.5m
- Revenue
- $28.9m
- Investments
- $0.0
- Employees
- 331
- Location
- Chicago, IL
- Founding
- 10/1945
- Data as of
- 08/2023
- EIN
- 36-2244897
Organization Overview
Hektoen Institute For Medical Research is located in Chicago, IL. The organization was established in 1945. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 08/2023, Hektoen Institute For Medical Research employed 331 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hektoen Institute For Medical Research 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 08/2023, Hektoen Institute For Medical Research generated $28.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $28.6m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HEKTOEN INSTITUTE IS THE FISCAL AGENT FOR GRANTS TO COOK COUNTY RELATED TO MEDICAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE MANAGES MANY CLINICAL RESEARCH AND PROGRAM DEMONSTRATION PROJECTS FOR AFFILIATED AGENCIES. THE RANGE OF CLINICAL RESEARCH ACTIVITIES INCLUDES MEDICAL AND BEHAVIORAL INTERVENTIONS AND CLINICAL TRIALS, AS WELL AS COHORT, OBSERVATIONAL, AND NATURAL HISTORY STUDIES. THE INSTITUTE'S PROGRAM DEMONSTRATION PROJECTS FOCUS ON NOVEL, EFFICIENT, OR EFFICACIOUS METHODOLOGIES OF SERVICE DELIVERY. THESE PROGRAMS RANGE FROM COST STUDIES OF SUBSTANCE ABUSE INTEGRATION INTO THE PRIMARY CARE MODEL OF AN HIV CLINIC TO A WIDE VARIETY OF NEW PROJECTS FOCUSING ON BIOTERRORISM, AMONG MANY OTHERS.
THE MAJORITY OF THE PROGRAM DELIVERY ACTIVITIES OF THE INSTITUTE ARE MADE ON BEHALF OF THE COOK COUNTY HEALTH AND HOSPITAL SYSTEMS, WHOSE GRANTS, CONTRACTS, AND COOPERATIVE AGREEMENTS ARE RECEIVED BY THE INSTITUTE. THE SERVICES ADMINISTERED ARE VERY WIDE RANGING. THE INSTITUTE'S LARGEST PROGRAMS FOCUS ON HEALTH CARE FOR PATIENTS WITH HIV/AIDS. THE INSTITUTE'S OTHER MEDICAL CARE DELIVERY PROGRAMS INCLUDE MANY ASPECTS OF INTERNAL MEDICINE, PEDIATRICS, PSYCHIATRY, OBSTETRICS AND GYNECOLOGY, GERIATRICS, SURGERY, AND SUPPORT SERVICES SUCH AS LABORATORY, RADIOLOGY, AND PHARMACY.
THE INSTITUTE SUPPORTS THE TRAINING AND EDUCATIONAL MISSION OF ITS AFFILIATES. MOST OF THE INSTITUTE'S EFFORTS IN THIS CATEGORY ARE MADE ON BEHALF OF THE COOK COUNTY HEALTH AND HOSPITAL SYSTEMS. THE INSTITUTE'S TRAINING GRANTS FOCUS ON THE EDUCATION OF FACULTY, FELLOWS, AND RESIDENTS. THE INSTITUTE PARTICIPATES IN A VARIETY OF PROJECTS OFFERING CONTINUING MEDICAL EDUCATION PROGRAMS TO THE STAFF OF THE COOK COUNTY HEALTH AND HOSPITAL SYSTEMS AND TO OTHER MEDICAL PROVIDERS IN THE COMMUNITY. THE INSTITUTE HAS PROJECTS THAT FOCUS ON PATIENT AND COMMUNITY EDUCATION FOR SPECIFIC DISEASES OR SPECIFIC ASPECTS OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Weber Co-Investigator, Trustee | Trustee | 40 | $187,239 |
George Dunea MD Trustee/president And COO | OfficerTrustee | 22 | $0 |
Jose Al Arruda MD Trustee | Trustee | 1 | $0 |
Courtney R Avery MPH Trustee | Trustee | 1 | $0 |
Dr Peggy Chou Trustee | Trustee | 1 | $0 |
Joseph Esposito Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Christine R Pate Medical Services | 8/30/23 | $145,537 |
Purisma Linchango Medical Services | 8/30/23 | $142,320 |
Yingxu Xiang Medical Services | 8/30/23 | $109,230 |
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 | $3,514,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,514,826 |
| Total Program Service Revenue | $23,266,074 |
| Investment income | $1,362,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $443,911 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,912,459 |
| 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. | $226,865 |
| Compensation of current officers, directors, key employees. | $226,865 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,392,604 |
| Pension plan accruals and contributions | $322,102 |
| Other employee benefits | $4,116,151 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,118 |
| Fees for services: Accounting | $165,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,031,426 |
| Advertising and promotion | $0 |
| Office expenses | $901,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $414,160 |
| Travel | $119,191 |
| 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 | $30,678 |
| Insurance | $319,358 |
| All other expenses | $178,530 |
| Total functional expenses | $28,581,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,176,245 |
| Savings and temporary cash investments | $8,255,776 |
| Pledges and grants receivable | $5,909,839 |
| 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 | $71,568 |
| Prepaid expenses and deferred charges | $313,037 |
| Net Land, buildings, and equipment | $45,366 |
| Investments—publicly traded securities | $44,982,822 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $697,232 |
| Total assets | $68,451,885 |
| Accounts payable and accrued expenses | $3,314,086 |
| Grants payable | $0 |
| Deferred revenue | $906,141 |
| 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 | $16,188,287 |
| Total liabilities | $20,408,514 |
| Net assets without donor restrictions | $47,977,954 |
| Net assets with donor restrictions | $65,417 |
| 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 | $68,451,885 |