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 06/2021, Lowy Medical Research Institute Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. 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
2021
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Martin Friedlander MD PHD President, Director, Senior Consultant | 20 | $800,000 | |
Jennifer Trombley Director, Clinical O | 40 | $205,000 | |
Lea Scheppke Staff Scientist | 40 | $156,000 | |
Kevin Eade Staff Scientist | 40 | $151,000 | |
Marin Gantner Staff Scientist | 40 | $148,000 | |
Marti Lynn Moon Executive Assistant | 40 | $91,821 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Jessica Orozco | 6/29/21 | $55,600 |
Edith Aguilar | 6/29/21 | $83,400 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $3,015,325 |
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 | $3,015,325 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $800,000 |
Other employee salaries and wages | $1,426,786 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $2,585 |
Depreciation | $159,096 |
Occupancy | $207,814 |
Travel, conferences, and meetings | $59,616 |
Printing and publications | $221 |
Other expenses | $721,069 |
Total operating and administrative expenses | $3,450,432 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $3,450,432 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $827,869 |
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 | $39,564 |
Other assets | $24,451 |
Total assets | $891,884 |
Accounts payable and accrued expenses | $20,200 |
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 | $20,200 |
Over the last fiscal year, The Lowy Medical Research Institute Inc has awarded $6,299,250 in support to 10 organizations.
Grant Recipient | Amount |
---|---|
AMERICAN FRIENDS OF TEL AVIV UNIVERSITY PURPOSE: SUPPORT TAUS NEWLY ESTABLISHED CENTER FOR COMBATING PANDEMICS | $1,000,000 |
New York, NY PURPOSE: SUPPORT NY HOSPITAL COVID-19 RESPONSE | $1,000,000 |
New York, NY PURPOSE: SUPPORT NY HOSPITAL COVID-19 RESPONSE | $1,000,000 |
AMERICAN FRIENDS OF TEL AVIV UNIVERSITY PURPOSE: SUPPORT TAUS NEWLY ESTABLISHED CENTER FOR COMBATING PANDEMICS | $1,000,000 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: SUPPORT NY HOSPITAL COVID-19 RESPONSE | $500,000 |
MONTEFIORE PURPOSE: SUPPORT NY HOSPITAL COVID-19 RESPONSE | $500,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Smith-Kettlewell Eye Research Institute San Francisco, CA | $25,353,101 | $5,636,867 |
That Man May See Inc San Francisco, CA | $9,979,587 | $4,014,522 |
Glaucoma Research Foundation San Francisco, CA | $13,065,899 | $5,777,174 |
Project Vision Hawaii Honolulu, HI | $2,642,257 | $5,379,656 |
The Lowy Medical Research Institute Inc La Jolla, CA | $891,884 | $3,015,325 |
Arthritis National Research Foundation Irvine, CA | $11,041,493 | $3,794,575 |
The Cornea Society Inc San Francisco, CA | $1,127,744 | $499,461 |
Discovery Eye Foundation Los Angeles, CA | $2,510,991 | $804,874 |
Melles Research Foundation Usa Inc San Diego, CA | $423,384 | $368,677 |
Glaucoma Institute Of Beverly Hills Research Foundation Inc Beverly Hills, CA | $976,802 | $39,399 |
Strabismus Research Foundation Mill Valley, CA | $1,486,470 | $12,392 |
Neurological Health International Santa Barbara, CA | $24,283 | $66,873 |