Sparrow Clinical Research Institute
- Assets
- $1.1m
- Revenue
- $736.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Lansing, MI
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 38-3075242
Organization Overview
Sparrow Clinical Research Institute is located in Lansing, MI. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Sparrow Clinical Research Institute employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sparrow Clinical Research Institute 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, Sparrow Clinical Research Institute generated $736.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $964.8k during the year ending 12/2021. 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
PRINCIPAL PURPOSE OF OPERATING AS A MEDICAL RESEARCH ORGANIZATION DIRECTLY ENGAGED IN THE CONTINUOUS, ACTIVE CONDUCT OF MEDICAL RESEARCH, IN CONJUNCTION WITH ANY NON-PROFIT 501(C)(3) HOSPITAL AND ADMINISTERING FUNDS TO FURTHER THE CHARITABLE PURPOSE OF THE CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANT 006 - RIVAROXABAN COMPARED TO ABELAC FOR ATRIAL FIBRILLATION
PORTICO NG - NEW GENERATION TAVR DEVICE
LEADLESS PACEMAKER - SINGLE CHAMBER LEADLESS PACEMAKER DEVICE
ALL OTHER PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Bristol-Piper Dir Clinic R | Officer | 40 | $110,399 |
Jennifer Boak Research Cli | 40 | $101,653 | |
John Ip MD Chairman | OfficerTrustee | 1 | $0 |
Joel Cohn MD Vice Chairma | OfficerTrustee | 1 | $0 |
Theodore Glynn MD President | OfficerTrustee | 1 | $0 |
Paula Reichle Sr VP - CFO | Officer | 0 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $661,436 |
| Investment income | $14,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $736,006 |
| 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. | $273,786 |
| Compensation of current officers, directors, key employees. | $137,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,202 |
| Pension plan accruals and contributions | $27,727 |
| Other employee benefits | $69,918 |
| Payroll taxes | $45,297 |
| 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 | $951 |
| Advertising and promotion | $0 |
| Office expenses | $7,917 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,297 |
| Insurance | $974 |
| All other expenses | $0 |
| Total functional expenses | $964,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $55,781 |
| Investments—publicly traded securities | $785,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,138,948 |
| Accounts payable and accrued expenses | $1,774,939 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,774,939 |
| Net assets without donor restrictions | -$635,991 |
| 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 | $1,138,948 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sparrow Clinical Research Institute has recieved totaling $35,174.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: STATE OPIOID RESPONSE GRANT | $19,669 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $15,505 |
Endowment Analysis
| Beg. Balance | $5,606,321 |
| Earnings | $129,658 |
| Net Contributions | $561,053 |
| Ending Balance | $6,297,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Margaret And Robert Walter Foundation Columbus, OH | $119,634,869 | $20,893,833 |
Charitable Pharmacy Of Central Ohio Columbus, OH | $4,066,781 | $13,066,074 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Delta Dental Fund Lansing, MI | $137,389,492 | $20,883,469 |
Henrietta M Riley Trust 33b006006 Fbo Detroit, MI | $3,389,171 | $4,902,878 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Higley Fund Of The Cleveland Foundation Cleveland, OH | $45,795,016 | $3,866,437 |
William T And Frances A Little Foundation Kalamazoo, MI | $11,702,405 | $13,614,004 |
Iba Foundation Inc Indianapolis, IN | $12,440,961 | $2,236,680 |
Ashland Legacy Tr Ashland, OH | $4,120,436 | $0 |