Mccrone Research Institute Inc
- Assets
- $816.1k
- Revenue
- $560.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 02/1964
- Data as of
- 12/2021
- EIN
- 36-2465752
Organization Overview
Mccrone Research Institute Inc is located in Chicago, IL. The organization was established in 1964. 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 12/2021, Mccrone Research Institute Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccrone Research Institute 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, Mccrone Research Institute Inc generated $560.3k 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 (5.2%) each year. All expenses for the organization totaled $512.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) 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'S MISSION IS TO PROVIDE THE HIGHEST QUALITY MICROSCOPY AND MICROANALYTICAL EDUCATION AND RESEARCH THROUGH INTENSIVE HANDS-ON COURSES AND INSTRUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ORGANIZATION CONDUCTED NUMEROUS HANDS-ON COURSES ON MICROSCOPY, PUBLISHED THE QUARTERLY JOURNAL "THE MICROSCOPE", CONDUCTED RESEARCH FOR THE US DEPARTMENT OF JUSTICE, AND HOSTED "INTER/MICRO" (AN ANNUAL CONFERENCE ON MICROSCOPY AND RELATED TOPICS), ALL CONSISTENT WITH THE ORGANIZATION'S CHARITABLE EDUCATIONAL MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary J Laughlin Executive Di | OfficerTrustee | 40 | $85,201 |
Samuel J Skip Palenik Director | OfficerTrustee | $0 | |
Wayne Moorehead Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $204,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,554 |
| Total Program Service Revenue | $352,853 |
| Investment income | $62 |
| 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 | -$152 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $560,317 |
| 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. | $85,201 |
| Compensation of current officers, directors, key employees. | $42,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,878 |
| Pension plan accruals and contributions | $4,279 |
| Other employee benefits | $941 |
| Payroll taxes | $20,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,374 |
| Fees for services: Accounting | $11,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,300 |
| Advertising and promotion | $784 |
| Office expenses | $40,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,031 |
| 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 | $11,518 |
| Insurance | $22,758 |
| All other expenses | $0 |
| Total functional expenses | $512,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86 |
| Savings and temporary cash investments | $636,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,127 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,250 |
| Prepaid expenses and deferred charges | $6,006 |
| Net Land, buildings, and equipment | $140,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,336 |
| Total assets | $816,149 |
| Accounts payable and accrued expenses | $4,090 |
| Grants payable | $0 |
| Deferred revenue | $60,105 |
| 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 | $465,900 |
| Total liabilities | $530,095 |
| Net assets without donor restrictions | $0 |
| 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 | $286,054 |
| Total liabilities and net assets/fund balances | $816,149 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mccrone Research Institute Inc has recieved totaling $44.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Family Institute Evanston, IL | $24,399,945 | $35,971,873 |
Hektoen Institute For Medical Research Chicago, IL | $65,726,936 | $31,693,206 |
Usona Institute Inc Madison, WI | $38,737,266 | $18,840,870 |
Chicago Association For Research And Education In Science Hines, IL | $11,790,723 | $5,694,956 |
International Association Of Assessing Officers Kansas City, MO | $8,352,276 | $4,892,120 |
Michael Reese Research And Education Foundation Chicago, IL | $25,901,146 | $3,650,987 |
International Society For Stem Cell Research Skokie, IL | $8,137,846 | $3,959,599 |
Well Resource Center Pella, IA | $3,360,975 | $3,363,505 |
Midwest Veterans Biomedical Research Foundation Kansas City, MO | $3,199,382 | $2,142,096 |
Association Of Records Managers & Administrators Lees Summit, MO | $1,165,887 | $1,993,906 |
National Headache Foundation Chicago, IL | $2,418,040 | $1,328,229 |