Gastro-Intestinal Research Foundation Inc
- Assets
- $12.7m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Highland Park, IL
- Founding
- 07/1963
- Data as of
- 06/2023
- EIN
- 36-6108156
Organization Overview
Gastro-Intestinal Research Foundation Inc is located in Highland Park, IL. The organization was established in 1963. As of 06/2023, Gastro-Intestinal Research Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gastro-Intestinal Research Foundation 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 06/2023, Gastro-Intestinal Research Foundation Inc generated $21.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 49.5% each year . All expenses for the organization totaled $21.0m during the year ending 06/2023. While expenses have increased by 54.3% 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.
Since 2015, Gastro-Intestinal Research Foundation Inc has awarded 15 individual grants totaling $21,360,545. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDED RESEARCH GRANTS TO THE UNIVERSITY OF CHICAGO AND VARIOUS OTHER MEDICAL RESEARCH ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED RESEARCH GRANTS TO THE UNIVERSITY OF CHICAGO AND VARIOUS OTHER MEDICAL RESEARCH ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Casey Executive Dir. | Trustee | 40 | $182,000 |
Deborah Bernard Dir Major Gifts | Trustee | 40 | $105,000 |
Eric Berlin Director | Trustee | 1 | $0 |
Howard Grill VP Finance | OfficerTrustee | 5 | $0 |
Heidi Henderson Director | Trustee | 1 | $0 |
Scott Attar Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $340,433 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,083,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,424,319 |
| Total Program Service Revenue | $0 |
| Investment income | $306,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $821,695 |
| Net Income from Fundraising Events | $760,546 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,313,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,219,690 |
| 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. | $287,000 |
| Compensation of current officers, directors, key employees. | $57,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,766 |
| Pension plan accruals and contributions | $10,924 |
| Other employee benefits | $51,647 |
| Payroll taxes | $37,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,865 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,818 |
| Travel | $27,337 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,001 |
| Total functional expenses | $21,035,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,841 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,106 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,312,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,723,299 |
| Accounts payable and accrued expenses | $8,803,245 |
| Grants payable | $0 |
| Deferred revenue | $62,430 |
| 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 | $8,865,675 |
| Net assets without donor restrictions | $3,857,624 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $12,723,299 |
Grants Awarded
Over the last fiscal year, Gastro-Intestinal Research Foundation Inc has awarded $20,219,690 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HOOSIER CANCER RESEARCH NETWO PURPOSE: CA CURE Research Grant Award | $1,100,000 |
ELICIO THERAPEUTICS INC PURPOSE: CA CURE Research Grant Award | $2,756,000 |
MAYO CLINIC JACKSONVILLE PURPOSE: CA CURE Research Grant Award | $5,942,244 |
RARECYTE INC PURPOSE: CA CURE Research Grant Award | $1,065,200 |
UNIVERSITY OF CHICAGO MEDICIN PURPOSE: CA CURE Research Grant Award | $35,000 |
UNIVERSITY OF CHICAGO MEDICIN PURPOSE: Annual Young Investigator Grant Awa | $40,000 |