Mccrone Research Institute Inc
- Assets
- $648.0k
- Revenue
- $483.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 02/1964
- Data as of
- 12/2023
- 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 12/2023, Mccrone Research Institute Inc employed 5 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 12/2023, Mccrone Research Institute Inc generated $483.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $617.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
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 | $104,348 |
Wayne Moorehead Director | Trustee | 0 | $0 |
Samuel J Skip Palenik Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,954 |
| Total Program Service Revenue | $456,169 |
| Investment income | $272 |
| 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 | $2,046 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $483,441 |
| 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. | $109,564 |
| Compensation of current officers, directors, key employees. | $54,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,003 |
| Pension plan accruals and contributions | $10,145 |
| Other employee benefits | $863 |
| Payroll taxes | $28,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,089 |
| Advertising and promotion | $839 |
| Office expenses | $42,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,608 |
| Travel | $1,838 |
| 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 | $24,080 |
| All other expenses | $0 |
| Total functional expenses | $617,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396 |
| Savings and temporary cash investments | $489,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,000 |
| Prepaid expenses and deferred charges | $9,557 |
| Net Land, buildings, and equipment | $116,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,012 |
| Accounts payable and accrued expenses | $4,239 |
| Grants payable | $0 |
| Deferred revenue | $45,840 |
| 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 | $515,979 |
| 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 | $132,033 |
| Total liabilities and net assets/fund balances | $648,012 |