Southern Star Medical Research Institute
- Assets
- $6.2m
- Revenue
- $20.1k
- Investments
- $669.9k
- Employees
- 8
- Location
- Missouri City, TX
- Founding
- 09/2013
- Data as of
- 12/2023
- EIN
- 45-3817958
Organization Overview
Southern Star Medical Research Institute is located in Missouri City, TX. The organization was established in 2013. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2023, Southern Star Medical Research Institute employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Star Medical 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 12/2023, Southern Star Medical Research Institute generated $20.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. 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
ORGANIZATION'S MISSION IS TO ALLEVIATE HUMAN SUFFERING THROUGH MEDICAL RESEARCH FOR THE DIAGNOSIS, TREATMENT AND PREVENTION OF DISEASES AND IMPAIRMENTS OF MAN SO THAT PEOPLE MAY EXPERIENCE THE PRESENCE OF GOD'S LOVE WITHIN THEM THROUGH BETTER HEALTH AND INTENTIONAL SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS RESEARCH AFFILIATION AGREEMENTS WITH BAYLOR COLLEGE OF MEDICINE, TEXAS CHILDREN'S HOSPITAL, AND BAYLOR SCOTT AND WHITE AND IS DIRECTLY ENGAGED IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH THESE MEDICAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Len Benckenstein Trustee/chairman & Pres | OfficerTrustee | 10 | $194,150 |
John Beckenstein Trustee & Vice President | OfficerTrustee | 1 | $15,000 |
Jay Chadha Trustee | Trustee | 1 | $15,000 |
Johnson Ellis Trustee & Vice President | OfficerTrustee | 1 | $15,000 |
Jacob Johnson Trustee | Trustee | 1 | $0 |
Pamela Daniel Trustee, Secretary & Treas | OfficerTrustee | 35 | $135,854 |
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 | $0 |
| Investment income | $251,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$230,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $375,004 |
| Compensation of current officers, directors, key employees. | $162,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,177 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,273 |
| Payroll taxes | $41,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,797 |
| Fees for services: Accounting | $6,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,504 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,691 |
| Information technology | $4,069 |
| Royalties | $0 |
| Occupancy | $39,851 |
| 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 | $0 |
| Insurance | $7,550 |
| All other expenses | $282,227 |
| Total functional expenses | $3,106,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $568,809 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $2,015 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,997,337 |
| Investments—other securities | $669,929 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,238,090 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $6,238,090 |
| Total liabilities and net assets/fund balances | $6,238,090 |
Grants Awarded
Over the last fiscal year, Southern Star Medical Research Institute has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMAZON OUTREACH PURPOSE: COVID-19 WORK ON THE AMAZON RIVER | $15,000 |
THE DALLAS FOUNDATION PURPOSE: BONTON ENTERPRISES FUND | $20,000 |