The California Medical Innovations Institute Inc
- Assets
- $1.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 38
- Location
- San Diego, CA
- Founding
- 09/2014
- Data as of
- 12/2020
- EIN
- 46-2953382
Organization Overview
The California Medical Innovations Institute Inc is located in San Diego, CA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, California Medical Innovations Institute Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Medical Innovations 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 12/2020, California Medical Innovations Institute Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.8m during the year ending 12/2020. While expenses have increased by 6.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
BRINGING TOGETHER PHYSICAL AND LIFE SCIENCE RESEARCHERS, CLINICIANS, ENGINEERS/ AND COMPUTATIONAL SCIENTISTS TO ADDRESS THE SIGNIFICANT HEALTH CARE CHALLENGES OF HEART AND VASCULAR DISEASE, OBESITY, AND METABOLIC DISORDERS THROUGH A MULTI-SCALE UNDERSTANDING OF ORGAN SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE HAS MADE SUBSTANTIAL PROGRESS IN MORE FULLY UNDERSTANDING, ANDDEVELOPING DIAGNOSTIC AND THERAPEUTIC APPROACHES FOR THE MULTIPLE ASPECTS OF HEART FAILURE. THE INSTITUTE HAS ALSO MADE SIGNIFICANT PROGRESS IN THE UNDERSTANDING ANDTREATMENT OF VASCULAR DISEASE, INCLUDING WORK ADVANCING NEXT GENERATION DIAGNOSTICSFOR CORONARY AND PERIPHERAL ARTERY DISEASE AND THERAPEUTICS FOR NEO-VASCULARIZATION OF VEINS, BIOMATERIAL TISSUE CONSTRUCTS TO REPLACE ARTERIES OR VEINS, AND PERCUTANEOUS PROSTHETIC VENOUS VALVES TO TREAT CHRONIC VENOUS INSUFFICIENCY. DURING THE YEAR, THE RESEARCH STAFF AT THE INSTITUTE REGULARLY PRESENTED ITS SCIENTIFIC FINDINGS TO THE PUBLIC VIA PANELS, LECTURES, PUBLICATIONS, AND OTHER SIMILAR PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ghassan Kassab President/board | OfficerTrustee | 40 | $347,532 |
Hans Gregersen Professor | 40 | $188,283 | |
Bhavesh Patel Asst Research Prof | 40 | $112,469 | |
Ligia Amezcua Sec/cfo | Officer | 40 | $104,380 |
Phil Himelstein Chair | OfficerTrustee | 2 | $0 |
Darell Krasnoff Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,889,272 |
| 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 | $4,569,221 |
| Statement of Expenses | |
|---|---|
| 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. | $479,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,239,184 |
| Pension plan accruals and contributions | $106,274 |
| Other employee benefits | $195,989 |
| Payroll taxes | $97,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,451 |
| Fees for services: Accounting | $38,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,689 |
| Advertising and promotion | $0 |
| Office expenses | $11,160 |
| Information technology | $26,317 |
| Royalties | $0 |
| Occupancy | $907,264 |
| Travel | $23,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,014 |
| Insurance | $20,568 |
| All other expenses | $0 |
| Total functional expenses | $4,807,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $521,272 |
| 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 | $11,972 |
| Prepaid expenses and deferred charges | $22,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,146 |
| Total assets | $1,883,185 |
| Accounts payable and accrued expenses | $259,889 |
| Grants payable | $0 |
| Deferred revenue | $830 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $600,000 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,915 |
| Total liabilities | $1,103,634 |
| 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 |
| Total liabilities and net assets/fund balances | $779,551 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The California Medical Innovations Institute Inc has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Conrad Prebys Foundation San Diego, CA PURPOSE: NOVEL SWINE MODEL OF HEART FAILURE | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Duffield Family Foundation Pleasanton, CA | $258,368,317 | $20,065,038 |
American Indian Model Schools Oakland, CA | $18,645,472 | $19,971,757 |
Partnership For Los Angeles Schools Los Angeles, CA | $63,718,377 | $31,128,437 |
Hamburger Home Los Angeles, CA | $14,127,988 | $18,500,267 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Summit Public Schools Washington Redwood City, CA | $14,247,719 | $16,987,121 |
All For Health Health For All Inc Glendale, CA | $29,884,317 | $23,523,677 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Oxford Preparatory Academy Aliso Viejo, CA | $8,703,539 | $15,190,265 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |