The Lowy Medical Research Institute Inc
- Assets
- $677.1k
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 03/2015
- Data as of
- 06/2022
- EIN
- 46-1431618
Organization Overview
The Lowy Medical Research Institute Inc is located in La Jolla, CA. The organization was established in 2015. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowy Medical 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 06/2022, Lowy Medical Research Institute Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 1.9% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP, PROVIDE FUNDS, AND OPERATE A SCIENTIFIC RESEARCH INSTITUTE IN THE PUBLIC INTEREST TO UNDERSTAND THE CAUSES, PREVENTION AND CURE OF CERTAIN DEBILITATING DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Martin Friedlander MD PHD President, Director, Senior Consultant | 20 | $976,857 | |
John Fanning Secretary, Treasurer, Director | 0.5 | $0 | |
Jennifer Trombley Director, Clinical O | 40 | $187,200 | |
Kevin Eade Staff Scientist | 40 | $157,200 | |
Marin Gantner Staff Scientist | 40 | $159,000 | |
Lea Scheppke Staff Scientist | 40 | $162,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edith Aguilar | 6/29/22 | $85,068 |
Jessica Orozco | 6/29/22 | $56,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,510,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,510,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $976,857 |
| Other employee salaries and wages | $1,574,639 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,700 |
| Depreciation | $30,826 |
| Occupancy | $257,017 |
| Travel, conferences, and meetings | $205,506 |
| Printing and publications | $299 |
| Other expenses | $600,743 |
| Total operating and administrative expenses | $3,718,805 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,718,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $516,393 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $134,372 |
| Other assets | $26,298 |
| Total assets | $677,063 |
| Accounts payable and accrued expenses | $149,591 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,591 |
Grants Awarded
Over the last fiscal year, The Lowy Medical Research Institute Inc has awarded $3,149,625 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF TEL AVIV UNIVERSITY PURPOSE: SUPPORT TAUS NEWLY ESTABLISHED CENTER FOR COMBATING PANDEMICS | $1,000,000 |
NYU LANGONE HEALTH PURPOSE: SUPPORT NY HOSPITAL COVID-19 RESPONSE | $1,000,000 |
MONTEFIORE PURPOSE: SUPPORT NY HOSPITAL COVID-19 RESPONSE | $500,000 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: SUPPORT NY HOSPITAL COVID-19 RESPONSE | $500,000 |
JEWISH JUMPSTART PURPOSE: SUPPORT EMERGENCY SUPPLY DONOR GROUP'S MASK PROJECT | $149,625 |