Biomedical Research Institute Of New Jersey Inc
- Assets
- $366.6k
- Revenue
- $326.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Knolls, NJ
- Founding
- 04/2014
- Data as of
- 12/2023
- EIN
- 46-0625176
Organization Overview
Biomedical Research Institute Of New Jersey Inc is located in Cedar Knolls, NJ. The organization was established in 2014. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biomedical Research Institute Of New Jersey 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, Biomedical Research Institute Of New Jersey Inc generated $326.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $265.7k during the year ending 12/2023. While expenses have increased by 11.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BIOMEDICAL RESEARCH INSTITUTE OF NEW JERSEY, INC. (BRINJ) IS TO ADVANCE MEDICAL KNOWLEDGE THROUGH RESEARCH, DISCOVER NOVEL METHODS FOR DISEASE PREVENTION AND TREATMENT, AND EDUCATE THE NEXT GENERATION OF MEDICAL RESEARCH SCIENTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROGRAMS: RESEARCH AT BRINJ IS POSSIBLE THANKS TO PUBLIC AND PRIVATE FINANCIAL SUPPORT FROM INDIVIDUAL DONORS, CORPORATIONS, FEDERAL GRANTS, PRIVATE INSTITUTIONS AND OTHERS. TOGETHER, THEY PRESERVE BRINJ DISCOVER AND ADVANCE MEDICAL RESEARCH BY ANSWERING FUNDAMENTAL SCIENTIFIC QUESTIONS TO IMPROVE HEALTH OF PATIENTS SUFFERING FROM DISEASE AND THEY ARE VITAL TO THE SUSTAINABILITY AND GROWTH OF THE INSTITUTE.
EDUCATION PROGRAMS: BRINJ IS COMMITTED TO THE TRAINING, EDUCATION AND MENTORSHIP OF THE NEXT GENERATION OF RESEARCH SCIENTISTS AND PHYSICIANS. TO THAT END, BRINJ OFFERS A ROBUST STUDENT RESEARCH PROGRAM FOR HIGH SCHOOL AND BACCALAUREATE STUDENTS DESIGNED TO GIVE STUDENTS EXPOSURE TO A CARRIER IN RESEARCH. IN THIS PROGRAM, YOUNG SCIENTISTS RECEIVE MENTORSHIP FROM PHD AND MD SCIENTISTS IN A REAL LIFE PROFESSIONAL ENVIRONMENT, WORKING ON CUTTING-EDGE RESEARCH. RESEARCH PROJECTS ARE CAREFULLY DESIGNED BY BRINJ'S SCIENTISTS TO PROVIDE HANDS-ON, INDEPENDENT WORK TO STUDENTS, TESTING SCIENTIFIC HYPOTHESIS IN RESEARCH DISCIPLINES WHERE BRINJ'S SCIENTISTS HAVE GAINED EXPERTISE, CREATING A UNIQUE LEARNING EXPERIENCE. YOUNG SCIENTISTS WHO PARTICIPATE IN THESE PROGRAMS GO ON TO PURSUE HIGHER EDUCATION DEGREES IN MEDICINE AND THE BIOMEDICAL SCIENCES AT TOP RANKED UNIVERSITIES IN THE COUNTRY. THIS PROGRAM HAS BEEN SUSPENDED TEMPORARILY DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Schenkman MD Trustee / Managing Directo | OfficerTrustee | 5 | $0 |
Christopher B Eckman PHD Trustee / Managing Directo | OfficerTrustee | 5 | $0 |
Lawrence M Skolnick MD Trustee | Trustee | 1 | $0 |
Michael J Maddaloni CPA Trustee | Trustee | 1 | $0 |
Dr Elizabeth Eckman Key Employee | Officer | 10 | $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 | $326,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,881 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $326,881 |
| 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. | $87,317 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,158 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,779 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,417 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,584 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $265,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,973 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $366,630 |
| Accounts payable and accrued expenses | $4,516 |
| 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 | $1,212 |
| Total liabilities | $5,728 |
| Net assets without donor restrictions | $360,902 |
| 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 | $366,630 |